Page creation date: 2023.03.30
Last updated: 2023.06.04

“Bitcoin”
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It’s been 7 years since I first bought Bitcoin in February 2017. At that time, I became interested in Bitcoin by reading a blog post about “buying coffee with Bitcoin,” when the price of 1BTC was around $1000. I was afraid of buying at a high price because it had already doubled from around $300-$400 a year earlier in 2016, and I also had no surplus funds. So I timidly bought a small amount and sold it all off as soon as it went up a little.

When I decided to hold it more firmly later, the price of 1BTC was around $10,000, during the downturn from 2018 to 2020, and even during the current downtrend since 2022, I have held onto it without selling. In any case, it was a small amount that I didn’t care much about the chart, and I wasn’t considering selling it (unless it rises to $100,000 or something), so I’m not watching the crypto market closely.

I also thought about diversifying my holdings into ETH, XRP, BCH, NEM, and even MONA coin at the time, but it was not very meaningful diversification if the goal was long-term holding. Country-specific regulations are mostly applicable to the entire “crypto” market anyway.
Holding only BTC would have been good enough, and if I had a little emotional attachment, I could have held a few limited coins like ETH. I still think that way today.

However, I sometimes buy for short-term holding if the chart looks good, and I automatically invest a small amount into BTC every month. There are various opinions on cryptocurrency, but personally, I imagine a future where they will continue to exist and some coins like BTC will increase in value.

However, there are naturally many uncertain factors, so I currently think that the proportion of crypto in my portfolio should be no more than about 20%.