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Many people check the BTC dominance over the rest of the Crypto market to help them decide what steps to take next, but do you also check if Bitcoin is dominant in your Crypto portfolio i.e. how much percent of your total Crypto investment is allocated to Bitcoin? I actually take it a step further and also keep track of my total Crypto allocation in relation to my total possessions/fiat money:
A quick breakdown: Bitcoin and fiat money are sharing the number 1 spot with 21% each, second place are Altcoins and third place is Ethereum. Other assets (all my possessions based on their market value such as cars, collectibles etc) are second to last and the smallest portion of my possession is in precious metals. Why I divided ETH and BTC from other Cryptos you ask? I remember when making this that separating Ethereum and Bitcoin just made sense because the Cryptos I had were either a long shot or stable coins (for buying the dip or staking) while Bitcoin and Ethereum already proved themselves and in my mind had no where to go but up. Some say I'm micro-analyzing and that just keeping separate track of BTC and Alts along with fiat savings will suffice, but I like it better this way since this helps me to better understand why I'm getting rich or going broke??
So my Crypto allocation is 58% and actually dominant in the portfolio. This is by the way the portion that grew the most these past years while the precious metals grew marginally and other assets basically just shrank since I don't have stocks nor do I own a house and the possessions I use on a daily basis have (as oppose to BTC/ETH back then) nowhere to go but down. The value of fiat money logically stays the same but actually still decreases every year due to inflation and the fact there's little to no savings interest anymore to mitigate this. Keeping track this way helped me to very easily see that my Crypto allocation wasn't always the biggest portion but grew from less than 40% just last year, to now being dominant over the rest. If the Crypto allocation decreased to let's say 28%, it would mean my Crypto holdings would have lost value in relation to the rest and I could then calculate exactly how much and which one decreased the most, thus helping me decide if I should change things up and by how much.
The reason I started to do this was to have an easy overview and so I could better maximize the growth of my total assets and mitigate the losses. I don't buy overly expensive cars or electronics, if I did the fiat or Crypto portions would be much smaller and the 'other assets' wouldn't be all that bigger. Why? Take cars for example, the moment you by a new car and drive out of the dealership you lose thousands of Euros in total value. An old junk car wouldn't help your portfolio either, the costs for repairs and parts would total up to the point you almost might just as well have bought a new car, in fact there's this funny saying on that I've heard when I was looking to buy my first car, the person I was asking for advice told me "I don't buy second hand cars, I'm not that rich". The most logical thing to do is to look for a used car that's not all that old and didn't have too many owners, a not so high mileage and has a traceable past so that fraud etc is less likely.
Phones are another thing that actually eats away at your total possessions gradually without you noticing. I got tired of the screen or camera glass cracking all the time so when rugged smartphones came along, I finally got rid of that "just cheaper to buy a new one" consumerism cycle I ended up in every time I wanted to fix something. I never bought an IPhone and am amazed how much value disappears every time a new model comes along. And where are the users of these phones with mass outrage when news broke in 2013/2014 that Apple purposely impairs it's performance "coincidentally" when new models come along? I'll tell you where they are, they're on Twitter warning you about "Bitcoin puppets" and how it's all "a scam"
This one is by far my favorite though, he's an "edible apple" who writes about IPhones and Tesla, who of course immediately counter attacked the reports when they first emerged in 2013, probably realizes by now he was wrong since Apple is continuing the practice to this very day, and in 2014 he actually said Bitcoin holders are "blindly riding a train to nowhere"
while of course also using:
Before finalizing this topic, I feel the need to repeat that yes, I am over analyzing and keeping track of cents and sats and sometimes people make fun of me for that, I'll laugh along cause it's true, but somehow I am the only one laughing after I finish telling them they were basically scammed into upgrading their phones and that not buying that IPhone 6 in 2014, especially after reports emerged Apple was purposely slowing older models down with their "updates" and taking that money to Bitcoin, that 400 Dollars* would have turned into +60.000 Dollars today?? As for that IPhone 6 today, well
*price depending on phone specification and whether with or without a 1/2 year contract
This is just one example though and by no means solely relevant to IPhones, printer and ink companies are guilty of the same practice, making you consume more and more while causing unnecessary material waste and leaving you with less money in your wallet. There was this documentary I saw years ago about someone who printed more than the average person, one day his not so old printer just stopped working and on his PC some unknown error code showed up every time he tried to print something. He was being told by the company who produced the printer along with every store and repair shop he visited to "just buy a new printer," because the price for printers at the time was rather cheap (no wireless printers existed back then) and repair shops told him they could fix it but it would cost more than just buying a new printer which would be even better and faster. Reluctant to believe this he kept looking for places that could help him understand what this error exactly was in hopes of fixing it at an affordable price, till eventually he found someone who opened up the printer and replaced a small and very cheap sponge-type part which was collecting a little bit of ink every time he printed something and would make the printer quit working if it got too full, meaning that a brand new printer being used frequently would "malfunction" very soon and "had" to be replaced. Consumerism anyone? I don't know if this practice is still going on, but from what I understand the scam involving printers nowadays revolves around Bottom line: Don't believe the consumerism hype, it'll make you underestimate the true value of Bitcoin/money.
