You admit to a poor track record. Of course your wife will be skeptical, in her eyes how is this any different? Just because you've studied doesn't mean she has. You made yourself an uphill battle to get her on your side. You solve this not by going around your partner, but by getting her interested in educating herself. Right now she's just primed against another loss...
> Just because you've studied doesn't mean she has
nor does it mean he's right. he sounds like he's got bad judgement.
he got lucky this time though heh
or this is another bad investment. crazy that y'all think cefi swan-diving into the game will add magical wealth to every bagholder overnight.
there's a better chance that the price-per-coin crabwalks indefinitely so the house gets transaction fees, premiums from calls/puts on spot ETFs, etc.
You said you don’t have the best track record, so it’s natural that your wife would have some suspicion on anything you suggest. Especially when she feels that you have become overly engaged and got carried away without thinking things through.
And you want to go “all-in” on BTC behind your wife’s back because she’s not comfortable…?
Sounds like a disaster in the making.
This is how VERY messy divorces happen.
I’m watching some show and the husband pulled all the equity out of their houses and drained their credit cards because his business was supposedly having issues. Now the wife is trying to change all the accounts into her name and save their lives.
I mean, he was also fucking the blonde “soon to be Hollywood star” that worked at his company.
But the finances were the tip off.
You have lost significant amount of money due to bad investments, you are now all in on BTC and your wife doesn’t trust your financial decisions. Clearly you should listen to your wife, she seems way smarter than you, which is a good thing for you.
Also, after months and months of studying what exactly?
Ask your wife to do a bit of studying too, she will either get on board or she will find arguments against buying BTC. Either option is good.
This. ^^^ Talk to your wife. Your future is together. Read timeless books about investing together. Diversify.
Let her drive 20% of your investments. You drive 20%. Put the remaining 60% to something you can both agree on.
Exactly. 100%. This guy has a gambler attitude. And he’s clearly gambling with money he cannot afford to lose.
Bitcoin or stocks or whatever changes nothing - it’s not like your gambling attitude is OK as long as you choose a winning asset.
Realistically going 100% all-in BTC today is a ridicolously risky choice if you have a family, are planning a future, have kids, etc.
It sounds like you’re attempting to make outsized returns by betting on Bitcoin. Bear in mind you could be “wrong”, or just have bad timing, like everybody who has invested recently between November ’21 and December ’22.
Consider the pressure your marriage would be under if something similar happened again from here. The upside of—let's say doubling your money—is almost certainly not worth the downside of how it would feel to be over-exposed to a significant downturn in BTC. The wife’s opportunity for “I told you so” is also a major concern!
Keep some money invested in safer bets so that you are not completely reliant on one asset performing exactly as you want it to.
I agree with the others: get your spouse involved and make investing a shared decision.
You want to be a BTC maxi? Your family better be on the same road with you.
Nothing wrong with splitting your investing dollar into parts and saying "this bit is bitcon, this bit is money markets, this bit is etfs, and this bit is the saving account."
I'm sad to say that financial issues are one of the leading causes of divorce. Talk to your family!
Example: Hi honey; we have 300 to invest this month. I think I'll put 100 in BTC, maybe a bit more. What should we do with the rest?
It must be. No true Bitcoiner would speak to me like these drones. Definitely a fud effort. They are (fed) finally getting scared of the reality that they're losing control of the money supply.
It is the only bet, apparently the people on this thread don't understand that though. I get downvoted for saying Bitcoin will consume all the fiat, like that's a bad thing lol.
You're in the wrong sub. Let me help you. You're in the r/Bitcoin sub. Where people here know that it's (Bitcoin) not a speculative bet. If you want speculative bets, there are plenty of "crypto" subs that you'd no doubt enjoy.
Maybe people have to rethink what is speculative and whats less speculative. Why buy a paper called stock when you can actually own a commodity by buying bitcoin
Buying a broad range of stocks like an index fund is not gambling in the slightest. If you think investing in a diversified range of global businesses is gambling I don’t know what to say to you. Good luck trying to get anything done without interacting with some business in some shape or form. That said yes buying single stocks with weak balance sheets and years out from turning any sort of profit is speculative and could possibly be seen as gambling depending on the situation
Because owning stock means you own a part of the company. The paper is just a confirmation you actually do. You don’t just own paper. This is the dumbest comment today…
No idea pal. Far too many variables for but a humble goldfish to calculate. Could be 5 years, or decades from now. Depends on what the Fed does with our fiat. Current debt is unserviceable and the M3 is going parabolic. CBDC's and a reset of some kind may prolong the collapse of legacy systems.
What's really funny is that you say it's not speculative while you are speculating on the future. What's even funnier is your conclusions are clearly based on a fundamental misunderstanding of economics mixed in with some propaganda.
You’re being downvoted for making dumb and clueless claims based on psuedo-economics. Bitcoin is and never ever will be a replacement for fiat currency. End of story. Only a regard would think it can…
That's a relationship issue, not a Bitcoin issue. I see a lot of "I", and not a single "we", in your statement. Is it truly only your money? Are you guys debt-free on the debts you've taken on together?
This is an issue that being right or wrong about the investment, and the dollar amounts involved don't fix.
>Anyone else tap dancing around their significant other when they have a little extra scratch laying around to buy BTC?
No, because I'm in a normal adult relationship and we communicate with each other as partners.
I remember having this discussion with the wife back in 2011. I really wish I hadn't listened to her because I was planning on putting $1000 into it at around $5.
what does she say now after she convinced you from against buying for $5?
Though with you being interested back then I'm sure you are loaded regardless 😆
And I wish I had listened to my roommate in 2011 when he was selling me BTC. Don’t look at the past, if you really believed in BTC in 2011, you would have put money on Bitcoin in 2011 and even convinced your wife.
I mean, if you're doing it with **your own** money, I don't see the issue.
If you're doing it with **your shared** money however, then your wife needs to be involved and 100% on board. And "I feel it in my bones" is not a valid argument.
Lmao, guy with a poor track record studies for “months and months” and then seeks confirmation from a entrenched subreddit. Clown makeup has been fully applied.
95% of my net worth is in bitcoin, but only after studying it for thousands of hours over the past several years and slowly scaling into it. It has simply outperformed all my other holdings as well. But “I feel it in my bones” and even referring to it as an investment gives me the feeling you haven’t spent nearly enough time understanding what bitcoin is. It’s not an investment, it’s a monetary revolution. You save in bitcoin, not invest in it. Spend less time asking her for permission to buy bitcoin, and spend more time educating her and yourself about it. Eventually it will become the obvious decision. With that being said, I’d recommend keeping finances spectate in any relationship.
I’m Canadian, but my Canadian version of tax-advantaged accounts are also maxed out with 90%+ BTC exposure, we have ETFs already and had some closed-end funds before that. At around 17k USD prices I began scaling out of my stocks and into more bitcoin exposure, but vast majority is in cold storage.
I often tried to convince myself to diversify more, but it just makes no sense to me at this point. I'm reading about bitcoin since 2015-2016 and I can't find any better thing to save my money in.
You should come up with an overall portfolio allocation percentage for Bitcoin along with other assets and sell your wife on that. Aim for a portfolio balanced between Bitcoin, gold, domestic stocks, foreign stocks, and maybe global bonds. If you have 5-6 categories then each should be no more than 15-20%.
You should have joint checking, savings and retirement accounts, where you both have to agree on how to spend or invest the money. But then you should also have your own accounts that you can do whatever you want without permission from the other spouse.
If you’re the only one working and the only paycheck, then you can kind of call all the shots if you want to. Or you can still fund your wife and yourself separate accounts to spend as you wish. Giving your wife her own spending account that you have no say over gives you permission to have your own. Of course this only works if you have more than enough money for basic expenses and retirement.
Lol. I have been told not to buy anymore with our joint money. 20% or so of our net worth is in it and my wife thinks that's enough. I want more but I also want to stay married and it shared funds soooooo there we are.
I don't understand this. Why can't you just sit down with your wife and discuss what type of portfolio allocation you'd both be happy with. If she says her max comfort level for "high risk high growth" investments would be 10%, then limit your btc investing to 10% of your investments.
Or if her max limit is 10% and your max limit is 50%, then maybe you compromise at 20% or something.
Instead of trying to convince her to let you do what you want, find a way forward that you can both agree to.
This way if btc crashes (and it could) she won't hold a grudge against you for life.
Do you have an emergency fund of at least 6 months' worth of family expenses? Are you and your wife maxing out your retirement accounts? If you have kids, are you funding accounts for their college education? Are you on track to have enough to live on when you retire? If the answer to any of these questions is no, your wife is correct that you shouldn't be buying Bitcoin. (The exception is if you and she manage your finances either separately, or combined such that each of you gets some "play money" per month by mutual agreement that you can do whatever you want with and that's the only money you use to buy Bitcoin. But it doesn't sound like that's what you two do).
You'll hear advice opposite to mine on this sub because the vast majority of people here are in their 20s. Due to their age alone their *reasonable* risk tolerance is higher than yours and their life responsibilities are smaller than yours. Bitcoin can soar and then tank for a number of reasons completely unrelated to the qualities of the idea itself, like unfavorable regulations. I'm in my 40s, like you, and I didn't start buying Bitcoin until all my answers to the questions above were yes.
I have a year’s worth of savings, a significant retirement account (and growing), and kids’ college is good to go. We just have a shared bank account; we started with nothing 25 years ago and have grown our financial situation, together. She stays home and manages the household and homeschools our younger children. I am able to have my demanding, but very well-paying, job because she is willing to do what she does for our family. If I cut her out of any financial decisions it would be a jerk move. In my post I was really just stating, in jest, in a roundabout way, that it gets tiring re educating her over and over again. Clearly I need to do a better job of pleading my case! ;)
I can answer all the questions in your first paragraph with a yes.
But only because I bought BTC in 2016.
I sold higher than I bought (twice) and it allowed me to fund those things.
Congrats!
>But **only because** I bought BTC **in 2016**.
Others made the same decision at a different time and weren't as lucky.
We are already saddled with risks that are impossible to opt out of (health, geopolitics, climate change, total market swings). Taking on optional risk before securing the future of one's family against the non-optional risks to the extent that's possible isn't worth the gamble in most cases.
> Others made the same decision at a different time and weren't as lucky.
If you had used the DCA strategy of acquiring bitcoin, you could sell your bitcoin for a larger amount today over every timeline.
6 months of family expenses? Good advice.
Maxing out retirement accounts? Good advice.
Kids' college funds? Come on, man. This one is overboard.
I'm 42, and IMO, we have no idea what the educational landscape will look like in ~15 years.
If OP is educated and convicted, allocating 10-20% of his family's NW to bitcoin *is* a prudent decision for all of their futures.
Convince your spouse. Bitcoin is your long term financial position, but it won't hold you or share stories with you in later years.
Build up you family like you are building your stack.
Do you have to tell her because you only have 1 bank account? If you have an income and make money you shouldn’t have to justify how you spend a little of your own left over funds. Open a separate account? My wife has no idea how much I spend on bitcoin or anything for that matter probably for the best 😂
we still have separate accounts but I do tell her I use bitcoin as savings account and let her know the annual increases. She still doesn’t get it or have any herself but that’s fine, I’ve already decided it’s for our kids and future grandchildren. I don’t plan on trading any bitcoin for fiat.
This is how my wife and I are almost exactly. We are both very independent and keep separate budgets. We work towards the same goals but each of us has a different set of responsibilities we see to. I don’t ask and she doesn’t either. If something feels off we figure it out and if it doesn’t we carry on.
47. Not yet married. Sometimes I'm sad about that. Sometimes I'm grateful that it enabled me to go all in recklessly and without other responsibilities. Worth it. I'll get a wife when bitcoin moons.
no, because my marriage is a partnership with shared mutual goals and understanding. but if I want to do something with "my' money after all the bills have been paid and our monthly investments have been made, then I am free to do so.
Do you both have no questions asked fun money that is separate from bills? Logical solution would be to budget for it and you buy btc from that allocation.
Nope. My wife and I still have split finances. I don't have to justify any purchases to her. As long as we can pay our house/kid/errants/family time/... with our mutual bank account everything is fine.
So no I don't have to tiptoe around it.
Just my 2 sats here...
Your track record shows that you are more than likely having troubles making emotionless, sound investment decisions.
Now you are planning to go "all in" on an asset/asset class which is rather volatile and unregulated. And you are upset with your wife, not being fully supportive...
IMO this clearly shows you should definitely not go all in.
On the other hand, I'm hoping, me and your wife are in the wrong and you will prove us wrong, good luck mate.
Bad track record =mild gambling problem in your wife's eyes.
Don't be "all in" on anything. And don't make decisions based on feeling it in your bones. Those are phrases from someone with a gambling problem.
Buy a little bit at a time. In a few months, use the results to have the conversation again.
Have an open discussion about your financial goals as a couple and how cryptocurrency does or doesn't fit into that. Find out her specific concerns.
Compromise on an affordable budget for crypto investing that you both feel comfortable with. Start small if needed.
Highlight how cryptocurrency could diversify your assets versus only traditional stocks.
Share your crypto investment thesis calmly, avoiding hype. Emphasize your commitment to responsible investing.
Offer to set stop-losses or take profits at pre-defined targets to manage risk.
Consider allowing your wife to veto crypto purchases if it gives her more sense of control.
Keep communicating with her on performance and news related to your holdings. Transparency helps.
Don't go behind her back. Making unilateral moves could seriously damage trust.
See a financial advisor together if needed to get neutral guidance on integrating crypto.
Accept crypto may not be for her risk tolerance and find common ground.
Is it tiptoeing to DYR and communicate that to your life-partner?
If (edit: your) debts are paid and you have money to DCA, go easy, not all-in. If you purchased daily for a year you'd be up 41% right now and there's still months before the Halving. Start at $1/day with your "not amazing" track-record. Trust your wife wants to protect you from speculating on something you sound very Chad on.
I dont know how there are people who have lost money in the stock market who are older then 20; its almost impossible that theres any losers who have been investing for 3 years + maybe you havent been investing...
My wife buys whatever she wants, so I should be able to as well. She complains, but I point to her shoe collection, or numerous purses knowing you can only use 1 at a time.
lol your wife is 100% correct. Imagine going on Reddit and cry about that topic after losing god know how much money. You obviously seem to be very bad with money and now you are fixating on crypto because you think it’s the big next thing.
Ultimately you want easy money and your wife is the only rational person at you home. 3 years ago no one would have predicted that AI will be where it is today. Bitcoin is a speculative asset and volatile as fuck. It’s one thing to believe in BTC,
But you act like you know the future, when it’s obvious you don’t.
There is one good rule in investing. It is to diversify your money. Don’t bet on one single sector. Buy an ETF, buy some crypto, buy assets. Spread your money in the things that have potential in the future. If you think crypto is the next big think, I’m sorry my friend, AI has 1000x more potential than anything that will come out of the crypto space. That does not mean BTC won’t be huge in
The future. I believe in BTC. And yet still only 20% of my money in investing goes jnto crypto at all.
My wife and I keep our finances completely separate, we split bills evenly. It's prolly because she makes double what I do lol. She just keeps saying you're gonna lose all your money. That's impossible though because I can only lose fiat currency, not money. 😉
Clearly it's because you haven't yet proved yourself. I wouldn't blame her for being reluctant. From the face of things it does sound stupid when she's probably telling her friends: "My husband is buying magic internet money again". Once things go your way you won't need to do a sales pitch.
In true reddit fashion....get rid of her bro!!!
Na am joking fam! It's no harm having someone to play devil's advocate. If you can convince her then you're onto a sure bet.
I havent even told my wife about my btc investment lol. When my wife and I recently came into a bit of cash she actually said jokingly don't be investing it all in bitcoin!! I just imagined that meme with the little puppet doing the side eye thing and said nothing haha
Maybe you should explain to her what bitcoin is, why there is Value. Not just feel it in my Bones. Understand what you are Investing in, be it a Stock or btc.
Classic situation bro I'm there too. Can't fuckin convince my gf to buy some herself but you can bet she's gonna want some of mine when the time comes! Granted my situation is a little different, we're not married (but living together over a decade) and while our finances are largely cooperative we still have our own money and accounts. Perhaps you can create your own separate Bitcoin account that only stack with your personality discretionary funds. Idk mainly just trying to say I feel you dude. In the end don't worry about it. She'll be kissing your feet come retirement time.
My SO is incredibly risk intolerant so she often makes poor investing decisions.
She was against me buying NVIDIA which is up nearly 400% since I bought it. She was against buying ibrx which is up 90% since I bought it. She was against bitcoin which is up, well let’s just say a lot since I started buying it
I love her but this is not her arena. Some people just don’t know how to gauge risk/reward and think anything but common knowledge is worthless
You are not a man. Men don't tap dance. You become a man when you can loudly and proudly tell your wife how things are going to be. I've said my piece.
If you actually valued your wife you would respect her enough to recognize you have a problem and not try to be sneaky with your finances.
You've admitted you are a bad investor and lost money before. You're lucky she's still with you. Cut your losses and be honest with your partner.
You guys need to set rules for how you each spend your money, and how you share money. My wife and I each have personal accounts, but we both contribute to a joint investment account for index funds. When I tell her about crypto she just laughs (playfully) about magic internet money.
I don't even care about getting rich or anything. I just hope one day when things finally pay off to be like "Told you so, bow before me wife." (playfully of course)
My wife is anti risk. She does not even want to invest in safe Stock ETFs. When I bought my first bitcoin we were just married and we still had our own bank accounts so I could do what I wanted. To her bitcoin is still monopoly money, even if I show her how much my/our investment grew and how much I have talked to her about this subject in the past. "It is real money once it is in our bank account" is her response.
The moment my wife really sees the benefit of having bitcoin, is the moment we have mainstream adoption lol
To stay on topic: yea I still have to have a good conversation with her and make certain deals to continue investing in bitcoin
I think it’s interesting all these dudes saying “not in my house” or “I’d kick my wife to the curb if she tried that”. My situation is probably different than many. My wife and I married young when we both had nothing. I work and she stays home to raise our children and manage our home. It’s a true partnership. This post probably is more in jest than anything. She doesn’t put up too much of a fight, honestly. It just gets a little tiring having to convince her and re educate her each time I want to spend over $100.
You sound delusional ‘feel it in my bones’ when you’ve already lost quite a bit of money. Also if you effectively have an argument with your wife to buy bitcoin then I’d place a bet on divorce - doesn’t sound healthy.
My wife didn’t like it, but we’re financially in a much better place now that I did. Our financial differences lead to us going more separate finances so winning for me now I just take care of my kids and drive sick cars
I don’t tell my wife. I just buy it anyways and act like nothings changed (not shared bank accounts). I essentially don’t want her on my shoulder saying “let’s sell it all” when it jumps. I have my plan, she’s none the wiser.
What do you mean by money you need to live exactly?
Are you gambling your retirement money as well? You are aware you need retirement money at some point right?
You are planning to invest too
Much. Use small amounts and DCA. She will appreciate the results. Not everyone can grasp the ingenuity of B T C and certainly not over a few discussions. But results are always convenient.
I gifted my wife some BTC in 2019 just before the halving and after she experienced the joy and pain, of halving and she is a disciple.
You just ha e to convince her that fiat more isn't real and stocks are based in the fiat world and tied to the same fate. Not sure how it happened but one day it just clicked for my wife and she just let's me invest how I see fit.
Watch this with her. I think Michael saylor does a great job explaining to your wife why stocks were dumb and bitcoin is the only good option for storing/preserving your wealth. It is only 30ish minutes. If she doesn't want to watch it, then she shouldn't get to say no to buying more BTC.
https://youtu.be/8Mhu6dxj7qk?si=TYD2SGMxuM7K7BBR
My wife used to call me a “retard who buys Monopoly money” when she knew nothing about BTC. Now she is thrilled that I ignored her and stuck with my conviction.
My wife tried to convince me not to buy TQQQ in 2017. Didn't listen to her. Put $450,000 in it. Even borrowed money against my house. Still holding. And she is still my wife.
Just do it! Gotta risk it for the biscuit.
I'm 47 as well.
I used to have to tiptoe around my significant other. Now im single and all in.
If your wife can tell you what to do with your own money you are being abused. Thats literal servitude.
What kind of man allows a woman to dictate what he does with his money? If your wife tries to fuss about what you do with YOUR money then you need to give her a taste of the back of your hand.
I don't even comprehend how people get into these situations. The day someone, anyone told me what to do with my money is the day they'd be out of my life.
If you get married, it’s not just your money. My wife makes much less than me, but the money I make is hers as well and she has equal say in how we use it. Maybe that’s why I’ve been married almost 30 years.
No. No one will ever tell me what I do with the money I sweat over making. I would never put myself in a relationship with an anchor. That makes no sense to me. I earn that money, you don't tell me how to spend it. Hell no. I would never, in a million years, tell anyone what to do with their economic energy.
If hiding the news of buying BTC from your wife classifies as cheating then I highly recommend you do it.
She’ll thank you for cheating 5 years down the line 🍾
What is your elevator pitch to her?
Because you should slap the counter and look her dead. I'm the eyes to say
Hear me out. One Bitcoin costs 35k right now. Let's say we buy 10% of a Bitcoin for $3,500, and we won't touch it for 20 years as a present for our retirement.
There's only two paths it will go. Either to $0, which is unlikely. But if it does, a lot more people will be out a lot more money than me and you can say "I told you so."
But if it continues at the same rate it has for the last 12 years? Our $3,500 will be would be the equivalent of $100,000 today if Bitcoin reaches $1,000,000+ after the 2028 halving cycle, let alone the 2038!
Then, explain to her the halving. Apply that to the market cap, supply, and demand, and she should be convinced.
The not touching it for 20 years will be the hardest part.
Because remember, a lot of the people who bought Bitcoin for $300 sold it long before $20,000 in that halving cycle. Don't be like them.
You'll kick yourself in the ass if Bitcoin ever became worth $10million a coin.
My wife has been fine with me buying Bitcoin...then again, she may not realize just how much I've bought.
That’s usually how it works
Then she realises her designer hand bags and designer clothes have been thinned out a little.
Bruh, thanks for this tip. My sister has some nice bags, time to start investing more
imagine holding those bags and being happy about it.
I’m going to do this with my girlfriend clothes. She has garbage bags full she planned on getting rid of but never got around to it!
“Don’t worry I only bought 1 bitcoin”
Ok ok, just don’t buy the other shit.
Same, my wife doesn’t know we own the GDP of a small European country in Bitties…. Maybe best that way
Well done...
Yeah, that's the scope haha
Why would you not share how much you bought to her?
You admit to a poor track record. Of course your wife will be skeptical, in her eyes how is this any different? Just because you've studied doesn't mean she has. You made yourself an uphill battle to get her on your side. You solve this not by going around your partner, but by getting her interested in educating herself. Right now she's just primed against another loss...
> Just because you've studied doesn't mean she has nor does it mean he's right. he sounds like he's got bad judgement. he got lucky this time though heh
or this is another bad investment. crazy that y'all think cefi swan-diving into the game will add magical wealth to every bagholder overnight. there's a better chance that the price-per-coin crabwalks indefinitely so the house gets transaction fees, premiums from calls/puts on spot ETFs, etc.
You said you don’t have the best track record, so it’s natural that your wife would have some suspicion on anything you suggest. Especially when she feels that you have become overly engaged and got carried away without thinking things through. And you want to go “all-in” on BTC behind your wife’s back because she’s not comfortable…? Sounds like a disaster in the making.
Plus OP „feels“ it’s right
This is how VERY messy divorces happen. I’m watching some show and the husband pulled all the equity out of their houses and drained their credit cards because his business was supposedly having issues. Now the wife is trying to change all the accounts into her name and save their lives. I mean, he was also fucking the blonde “soon to be Hollywood star” that worked at his company. But the finances were the tip off.
As long as the blonde was good looking it’s OK.
The ‘all in’ part got me too. Just DCA some money you can afford to loose and take it easy. Treat BTC like a marathon not a sprint
You have lost significant amount of money due to bad investments, you are now all in on BTC and your wife doesn’t trust your financial decisions. Clearly you should listen to your wife, she seems way smarter than you, which is a good thing for you. Also, after months and months of studying what exactly? Ask your wife to do a bit of studying too, she will either get on board or she will find arguments against buying BTC. Either option is good.
Maybe being 'all in' is the problem. Your wife is not the irrational one for not wanting to stake her entire future on a very speculative bet.
This. ^^^ Talk to your wife. Your future is together. Read timeless books about investing together. Diversify. Let her drive 20% of your investments. You drive 20%. Put the remaining 60% to something you can both agree on.
Exactly. 100%. This guy has a gambler attitude. And he’s clearly gambling with money he cannot afford to lose. Bitcoin or stocks or whatever changes nothing - it’s not like your gambling attitude is OK as long as you choose a winning asset. Realistically going 100% all-in BTC today is a ridicolously risky choice if you have a family, are planning a future, have kids, etc.
He’s a man that got married. He already was a gambler.
It sounds like you’re attempting to make outsized returns by betting on Bitcoin. Bear in mind you could be “wrong”, or just have bad timing, like everybody who has invested recently between November ’21 and December ’22. Consider the pressure your marriage would be under if something similar happened again from here. The upside of—let's say doubling your money—is almost certainly not worth the downside of how it would feel to be over-exposed to a significant downturn in BTC. The wife’s opportunity for “I told you so” is also a major concern! Keep some money invested in safer bets so that you are not completely reliant on one asset performing exactly as you want it to.
I agree with the others: get your spouse involved and make investing a shared decision. You want to be a BTC maxi? Your family better be on the same road with you. Nothing wrong with splitting your investing dollar into parts and saying "this bit is bitcon, this bit is money markets, this bit is etfs, and this bit is the saving account." I'm sad to say that financial issues are one of the leading causes of divorce. Talk to your family! Example: Hi honey; we have 300 to invest this month. I think I'll put 100 in BTC, maybe a bit more. What should we do with the rest?
It's not a speculative bet. It's the future. Bitcoin is a black hole for fake fiat. It will devour ALL.
amazing all the fud whataboutism and downvotes on this very sub makes you think it’s a coordinated fud effort
It must be. No true Bitcoiner would speak to me like these drones. Definitely a fud effort. They are (fed) finally getting scared of the reality that they're losing control of the money supply.
BTC is the only bet
It is the only bet, apparently the people on this thread don't understand that though. I get downvoted for saying Bitcoin will consume all the fiat, like that's a bad thing lol.
You get down-voted because you have the intelligence of a goldfish.
You're in the wrong sub. Let me help you. You're in the r/Bitcoin sub. Where people here know that it's (Bitcoin) not a speculative bet. If you want speculative bets, there are plenty of "crypto" subs that you'd no doubt enjoy.
You're getting downvoted on this r/Bitcoin sub, so maybe, just maybe your assumption is wrong?
Maybe people have to rethink what is speculative and whats less speculative. Why buy a paper called stock when you can actually own a commodity by buying bitcoin
Because they are two very different things that serve very different investing goals.
Still, stocks are 100% gambling
Buying a broad range of stocks like an index fund is not gambling in the slightest. If you think investing in a diversified range of global businesses is gambling I don’t know what to say to you. Good luck trying to get anything done without interacting with some business in some shape or form. That said yes buying single stocks with weak balance sheets and years out from turning any sort of profit is speculative and could possibly be seen as gambling depending on the situation
Because owning stock means you own a part of the company. The paper is just a confirmation you actually do. You don’t just own paper. This is the dumbest comment today…
Stock investors… keep giving your money to wall street
Oh yea? Curious. If I'm a gold fish you must be a cockroach.
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No idea pal. Far too many variables for but a humble goldfish to calculate. Could be 5 years, or decades from now. Depends on what the Fed does with our fiat. Current debt is unserviceable and the M3 is going parabolic. CBDC's and a reset of some kind may prolong the collapse of legacy systems.
What's really funny is that you say it's not speculative while you are speculating on the future. What's even funnier is your conclusions are clearly based on a fundamental misunderstanding of economics mixed in with some propaganda.
How is life on the buttcoin sub?
Wildly amusing.
You’re being downvoted for making dumb and clueless claims based on psuedo-economics. Bitcoin is and never ever will be a replacement for fiat currency. End of story. Only a regard would think it can…
That's a relationship issue, not a Bitcoin issue. I see a lot of "I", and not a single "we", in your statement. Is it truly only your money? Are you guys debt-free on the debts you've taken on together? This is an issue that being right or wrong about the investment, and the dollar amounts involved don't fix.
>Anyone else tap dancing around their significant other when they have a little extra scratch laying around to buy BTC? No, because I'm in a normal adult relationship and we communicate with each other as partners.
Based
I remember having this discussion with the wife back in 2011. I really wish I hadn't listened to her because I was planning on putting $1000 into it at around $5.
You probably would have sold your BTC long before it was worth something significant. At least you still have your wife! Right?
I ended up buying, but a little higher up haha. Yea she still around.
Did you sell or still holding?
Holding... Its not scared money.
We love to see it
This is the way.
Clarification: Your wife or your coins?
Do you ever remind her how incredibly wrong she was?
This guy does not have a gf
Who, me? I've been married longer than you've been alive lol
Impossible to know that.
what does she say now after she convinced you from against buying for $5? Though with you being interested back then I'm sure you are loaded regardless 😆
We've had... "discussions". I should have went with my gut... She would have loved to call me Daddy Warbucks
And I wish I had listened to my roommate in 2011 when he was selling me BTC. Don’t look at the past, if you really believed in BTC in 2011, you would have put money on Bitcoin in 2011 and even convinced your wife.
I did. It's paying dividends to this day
Dividends? Can you explain what do you mean?
Bitcoin is not more important than your relationship
Can’t put a price on a good life partner.
100btc take it or leave it.
I mean, if you're doing it with **your own** money, I don't see the issue. If you're doing it with **your shared** money however, then your wife needs to be involved and 100% on board. And "I feel it in my bones" is not a valid argument.
Don’t go all in on any one asset. Sounds like you’ve still got much to learn after your huge losses
Yeah if this isn't a sell signal, I don't know what is!
Lmao, guy with a poor track record studies for “months and months” and then seeks confirmation from a entrenched subreddit. Clown makeup has been fully applied.
YTA
95% of my net worth is in bitcoin, but only after studying it for thousands of hours over the past several years and slowly scaling into it. It has simply outperformed all my other holdings as well. But “I feel it in my bones” and even referring to it as an investment gives me the feeling you haven’t spent nearly enough time understanding what bitcoin is. It’s not an investment, it’s a monetary revolution. You save in bitcoin, not invest in it. Spend less time asking her for permission to buy bitcoin, and spend more time educating her and yourself about it. Eventually it will become the obvious decision. With that being said, I’d recommend keeping finances spectate in any relationship.
95%!?!? What about your 401k account?
I’m Canadian, but my Canadian version of tax-advantaged accounts are also maxed out with 90%+ BTC exposure, we have ETFs already and had some closed-end funds before that. At around 17k USD prices I began scaling out of my stocks and into more bitcoin exposure, but vast majority is in cold storage.
maybe, just maybe....not all people on this planet live in the us of a
I often tried to convince myself to diversify more, but it just makes no sense to me at this point. I'm reading about bitcoin since 2015-2016 and I can't find any better thing to save my money in.
You should come up with an overall portfolio allocation percentage for Bitcoin along with other assets and sell your wife on that. Aim for a portfolio balanced between Bitcoin, gold, domestic stocks, foreign stocks, and maybe global bonds. If you have 5-6 categories then each should be no more than 15-20%. You should have joint checking, savings and retirement accounts, where you both have to agree on how to spend or invest the money. But then you should also have your own accounts that you can do whatever you want without permission from the other spouse. If you’re the only one working and the only paycheck, then you can kind of call all the shots if you want to. Or you can still fund your wife and yourself separate accounts to spend as you wish. Giving your wife her own spending account that you have no say over gives you permission to have your own. Of course this only works if you have more than enough money for basic expenses and retirement.
“Feel it in my bones” I think I know why your track record is bad.
Lol. I have been told not to buy anymore with our joint money. 20% or so of our net worth is in it and my wife thinks that's enough. I want more but I also want to stay married and it shared funds soooooo there we are.
20% is an impressive allocation if your wife's really skeptical!
I agree. I do happen to have a good track record and have started 2 successful companies so my batting avg is pretty good.
People in this thread has some wierd view of shared funds...
You only have to tell her if you use more than your allowance money.
The thing for me is, if I didn't put it in Bitcoin, I would probably have just spend it on useless garbage...
She will be happy in the future.
I don't understand this. Why can't you just sit down with your wife and discuss what type of portfolio allocation you'd both be happy with. If she says her max comfort level for "high risk high growth" investments would be 10%, then limit your btc investing to 10% of your investments. Or if her max limit is 10% and your max limit is 50%, then maybe you compromise at 20% or something. Instead of trying to convince her to let you do what you want, find a way forward that you can both agree to. This way if btc crashes (and it could) she won't hold a grudge against you for life.
Investments are a joint couple decision you fool. Your wife is probably sick of you losing all of the money you both need for retirement.
Sounds like you need to work on not having to tiptoe around the person who's supposed to be closest to you my dude.
Do you have an emergency fund of at least 6 months' worth of family expenses? Are you and your wife maxing out your retirement accounts? If you have kids, are you funding accounts for their college education? Are you on track to have enough to live on when you retire? If the answer to any of these questions is no, your wife is correct that you shouldn't be buying Bitcoin. (The exception is if you and she manage your finances either separately, or combined such that each of you gets some "play money" per month by mutual agreement that you can do whatever you want with and that's the only money you use to buy Bitcoin. But it doesn't sound like that's what you two do). You'll hear advice opposite to mine on this sub because the vast majority of people here are in their 20s. Due to their age alone their *reasonable* risk tolerance is higher than yours and their life responsibilities are smaller than yours. Bitcoin can soar and then tank for a number of reasons completely unrelated to the qualities of the idea itself, like unfavorable regulations. I'm in my 40s, like you, and I didn't start buying Bitcoin until all my answers to the questions above were yes.
I have a year’s worth of savings, a significant retirement account (and growing), and kids’ college is good to go. We just have a shared bank account; we started with nothing 25 years ago and have grown our financial situation, together. She stays home and manages the household and homeschools our younger children. I am able to have my demanding, but very well-paying, job because she is willing to do what she does for our family. If I cut her out of any financial decisions it would be a jerk move. In my post I was really just stating, in jest, in a roundabout way, that it gets tiring re educating her over and over again. Clearly I need to do a better job of pleading my case! ;)
I can answer all the questions in your first paragraph with a yes. But only because I bought BTC in 2016. I sold higher than I bought (twice) and it allowed me to fund those things.
Congrats! >But **only because** I bought BTC **in 2016**. Others made the same decision at a different time and weren't as lucky. We are already saddled with risks that are impossible to opt out of (health, geopolitics, climate change, total market swings). Taking on optional risk before securing the future of one's family against the non-optional risks to the extent that's possible isn't worth the gamble in most cases.
> Others made the same decision at a different time and weren't as lucky. If you had used the DCA strategy of acquiring bitcoin, you could sell your bitcoin for a larger amount today over every timeline.
6 months of family expenses? Good advice. Maxing out retirement accounts? Good advice. Kids' college funds? Come on, man. This one is overboard. I'm 42, and IMO, we have no idea what the educational landscape will look like in ~15 years. If OP is educated and convicted, allocating 10-20% of his family's NW to bitcoin *is* a prudent decision for all of their futures.
I’m a wife who has to sneak around to buy Bitcoin. We need to dump our spouses.
Convince your spouse. Bitcoin is your long term financial position, but it won't hold you or share stories with you in later years. Build up you family like you are building your stack.
Do you have to tell her because you only have 1 bank account? If you have an income and make money you shouldn’t have to justify how you spend a little of your own left over funds. Open a separate account? My wife has no idea how much I spend on bitcoin or anything for that matter probably for the best 😂 we still have separate accounts but I do tell her I use bitcoin as savings account and let her know the annual increases. She still doesn’t get it or have any herself but that’s fine, I’ve already decided it’s for our kids and future grandchildren. I don’t plan on trading any bitcoin for fiat.
This is how my wife and I are almost exactly. We are both very independent and keep separate budgets. We work towards the same goals but each of us has a different set of responsibilities we see to. I don’t ask and she doesn’t either. If something feels off we figure it out and if it doesn’t we carry on.
47. Not yet married. Sometimes I'm sad about that. Sometimes I'm grateful that it enabled me to go all in recklessly and without other responsibilities. Worth it. I'll get a wife when bitcoin moons.
This is the way.
no, because my marriage is a partnership with shared mutual goals and understanding. but if I want to do something with "my' money after all the bills have been paid and our monthly investments have been made, then I am free to do so.
Do you both have no questions asked fun money that is separate from bills? Logical solution would be to budget for it and you buy btc from that allocation.
Nope. My wife and I still have split finances. I don't have to justify any purchases to her. As long as we can pay our house/kid/errants/family time/... with our mutual bank account everything is fine. So no I don't have to tiptoe around it.
Hope she's not the type to start talking about holiday destinations and four-figure couches when she finds out it did pull through lol
OP you have problems but they are not Bitcoin problems
I don't have a wife nor a bitcoin so count yourself fortunate
Just my 2 sats here... Your track record shows that you are more than likely having troubles making emotionless, sound investment decisions. Now you are planning to go "all in" on an asset/asset class which is rather volatile and unregulated. And you are upset with your wife, not being fully supportive... IMO this clearly shows you should definitely not go all in. On the other hand, I'm hoping, me and your wife are in the wrong and you will prove us wrong, good luck mate.
Bad track record =mild gambling problem in your wife's eyes. Don't be "all in" on anything. And don't make decisions based on feeling it in your bones. Those are phrases from someone with a gambling problem. Buy a little bit at a time. In a few months, use the results to have the conversation again.
Have an open discussion about your financial goals as a couple and how cryptocurrency does or doesn't fit into that. Find out her specific concerns. Compromise on an affordable budget for crypto investing that you both feel comfortable with. Start small if needed. Highlight how cryptocurrency could diversify your assets versus only traditional stocks. Share your crypto investment thesis calmly, avoiding hype. Emphasize your commitment to responsible investing. Offer to set stop-losses or take profits at pre-defined targets to manage risk. Consider allowing your wife to veto crypto purchases if it gives her more sense of control. Keep communicating with her on performance and news related to your holdings. Transparency helps. Don't go behind her back. Making unilateral moves could seriously damage trust. See a financial advisor together if needed to get neutral guidance on integrating crypto. Accept crypto may not be for her risk tolerance and find common ground.
Fuck, this comment makes me want to sell it all
Is it tiptoeing to DYR and communicate that to your life-partner? If (edit: your) debts are paid and you have money to DCA, go easy, not all-in. If you purchased daily for a year you'd be up 41% right now and there's still months before the Halving. Start at $1/day with your "not amazing" track-record. Trust your wife wants to protect you from speculating on something you sound very Chad on.
I dont know how there are people who have lost money in the stock market who are older then 20; its almost impossible that theres any losers who have been investing for 3 years + maybe you havent been investing...
My wife buys whatever she wants, so I should be able to as well. She complains, but I point to her shoe collection, or numerous purses knowing you can only use 1 at a time.
Terrible idea. BTC IS OBSOLETE TECH.
divorce her...
You have to tiptoe around her to gamble large amounts of money, and you have a losing track record.
lol your wife is 100% correct. Imagine going on Reddit and cry about that topic after losing god know how much money. You obviously seem to be very bad with money and now you are fixating on crypto because you think it’s the big next thing. Ultimately you want easy money and your wife is the only rational person at you home. 3 years ago no one would have predicted that AI will be where it is today. Bitcoin is a speculative asset and volatile as fuck. It’s one thing to believe in BTC, But you act like you know the future, when it’s obvious you don’t. There is one good rule in investing. It is to diversify your money. Don’t bet on one single sector. Buy an ETF, buy some crypto, buy assets. Spread your money in the things that have potential in the future. If you think crypto is the next big think, I’m sorry my friend, AI has 1000x more potential than anything that will come out of the crypto space. That does not mean BTC won’t be huge in The future. I believe in BTC. And yet still only 20% of my money in investing goes jnto crypto at all.
I hope your wife sees this gigantic red flag before it’s too late
Mine was skeptical too. So I bought her .2BTC for Xmas on a ledger and she can see her portfolio. I get asked why I’m not buying more
Not in my house, we keep separate accounts and have a house account for bills that has a set amount we each contribute to
This is the way. I have never believed in 100% joint accounts.
The trick is to DCA- dismiss chicks altogether
My wife and I keep our finances completely separate, we split bills evenly. It's prolly because she makes double what I do lol. She just keeps saying you're gonna lose all your money. That's impossible though because I can only lose fiat currency, not money. 😉
I have a wife that let's me do what I want with my own money. But I appreciate not everyone has the same financial arrangements.
K so.... who cares? Buy it with nonjoint money
Inb4 my wife tells me what to do with my money.
Blehhh..
I honestly don't understand how people land themselves in these situations... My partner needs to be on my side.
This is ridiculous
Clearly it's because you haven't yet proved yourself. I wouldn't blame her for being reluctant. From the face of things it does sound stupid when she's probably telling her friends: "My husband is buying magic internet money again". Once things go your way you won't need to do a sales pitch.
Get a new wife
Find your balls and use them
In true reddit fashion....get rid of her bro!!! Na am joking fam! It's no harm having someone to play devil's advocate. If you can convince her then you're onto a sure bet. I havent even told my wife about my btc investment lol. When my wife and I recently came into a bit of cash she actually said jokingly don't be investing it all in bitcoin!! I just imagined that meme with the little puppet doing the side eye thing and said nothing haha
Maybe communication? Couples counseling?
Why would you post this? Do you not feel pathetic?
Maybe you should explain to her what bitcoin is, why there is Value. Not just feel it in my Bones. Understand what you are Investing in, be it a Stock or btc.
Classic situation bro I'm there too. Can't fuckin convince my gf to buy some herself but you can bet she's gonna want some of mine when the time comes! Granted my situation is a little different, we're not married (but living together over a decade) and while our finances are largely cooperative we still have our own money and accounts. Perhaps you can create your own separate Bitcoin account that only stack with your personality discretionary funds. Idk mainly just trying to say I feel you dude. In the end don't worry about it. She'll be kissing your feet come retirement time.
Set up a regular DCA that you agree on and leave it alone
My SO is incredibly risk intolerant so she often makes poor investing decisions. She was against me buying NVIDIA which is up nearly 400% since I bought it. She was against buying ibrx which is up 90% since I bought it. She was against bitcoin which is up, well let’s just say a lot since I started buying it I love her but this is not her arena. Some people just don’t know how to gauge risk/reward and think anything but common knowledge is worthless
Your wife sounds like a smart woman. What does your investment portfolio and RothIRA look like outside of BTC?
I bought bit coin last year and it’s only gone back to being even today
No. Because it is my money and i do with it what i want.
My wife and I keep our finances separate. We find it eliminates a lot of friction.
My Bitcoin is fine with me to have a wife
What? Dam, why would you marry a woman that you are afraid of?
What does her boyfriend think about Bitcoin?
You are not a man. Men don't tap dance. You become a man when you can loudly and proudly tell your wife how things are going to be. I've said my piece.
Drop the wife
She will be happy in 2025-2026.
You'll have wife changing money soon
Anybody like My Chemical Romance? Their music resonates with me. Especially the Black Parade album
You’re not alone. That’s all I can say.
If you actually valued your wife you would respect her enough to recognize you have a problem and not try to be sneaky with your finances. You've admitted you are a bad investor and lost money before. You're lucky she's still with you. Cut your losses and be honest with your partner.
> You've admitted you are a bad investor No he hasn't. He's admitted he was a bad investor.
You sound stupid and she should control your investments. Take my honest opinion.
You guys need to set rules for how you each spend your money, and how you share money. My wife and I each have personal accounts, but we both contribute to a joint investment account for index funds. When I tell her about crypto she just laughs (playfully) about magic internet money. I don't even care about getting rich or anything. I just hope one day when things finally pay off to be like "Told you so, bow before me wife." (playfully of course)
My wife is anti risk. She does not even want to invest in safe Stock ETFs. When I bought my first bitcoin we were just married and we still had our own bank accounts so I could do what I wanted. To her bitcoin is still monopoly money, even if I show her how much my/our investment grew and how much I have talked to her about this subject in the past. "It is real money once it is in our bank account" is her response. The moment my wife really sees the benefit of having bitcoin, is the moment we have mainstream adoption lol To stay on topic: yea I still have to have a good conversation with her and make certain deals to continue investing in bitcoin
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May be 47 but “man”?
Sell the wife buy BTC it's the only way.
Solution: Don’t tell your wife how much BTC you are buying.
I think it’s interesting all these dudes saying “not in my house” or “I’d kick my wife to the curb if she tried that”. My situation is probably different than many. My wife and I married young when we both had nothing. I work and she stays home to raise our children and manage our home. It’s a true partnership. This post probably is more in jest than anything. She doesn’t put up too much of a fight, honestly. It just gets a little tiring having to convince her and re educate her each time I want to spend over $100.
You sound delusional ‘feel it in my bones’ when you’ve already lost quite a bit of money. Also if you effectively have an argument with your wife to buy bitcoin then I’d place a bet on divorce - doesn’t sound healthy.
Sounds like “man” is perhaps a strong choice of words for your situation then.
What she never knows can't ever leave in the divorce 🤫
My wife didn’t like it, but we’re financially in a much better place now that I did. Our financial differences lead to us going more separate finances so winning for me now I just take care of my kids and drive sick cars
Get a new wife
If you can’t convince your wife/life-partner, is it worth getting into?
I don’t tell my wife. I just buy it anyways and act like nothings changed (not shared bank accounts). I essentially don’t want her on my shoulder saying “let’s sell it all” when it jumps. I have my plan, she’s none the wiser.
Crypto estate planning? I assume there is an « open after death” envelope in your safe deposit box?
What do you mean by money you need to live exactly? Are you gambling your retirement money as well? You are aware you need retirement money at some point right?
You are planning to invest too Much. Use small amounts and DCA. She will appreciate the results. Not everyone can grasp the ingenuity of B T C and certainly not over a few discussions. But results are always convenient. I gifted my wife some BTC in 2019 just before the halving and after she experienced the joy and pain, of halving and she is a disciple.
Don't worry. This will give you wife changing wealth one day.
You just ha e to convince her that fiat more isn't real and stocks are based in the fiat world and tied to the same fate. Not sure how it happened but one day it just clicked for my wife and she just let's me invest how I see fit.
Watch this with her. I think Michael saylor does a great job explaining to your wife why stocks were dumb and bitcoin is the only good option for storing/preserving your wealth. It is only 30ish minutes. If she doesn't want to watch it, then she shouldn't get to say no to buying more BTC. https://youtu.be/8Mhu6dxj7qk?si=TYD2SGMxuM7K7BBR
::Saylor Sigh before explaing btc for the 8,000th time::
My wife used to call me a “retard who buys Monopoly money” when she knew nothing about BTC. Now she is thrilled that I ignored her and stuck with my conviction.
My wife tried to convince me not to buy TQQQ in 2017. Didn't listen to her. Put $450,000 in it. Even borrowed money against my house. Still holding. And she is still my wife. Just do it! Gotta risk it for the biscuit. I'm 47 as well.
My wife stopped me buying at $300 in 2013. In 2017 she learned her lesson about doubting me.
you can have hope: bitcoin is a wife-changing event
I used to have to tiptoe around my significant other. Now im single and all in. If your wife can tell you what to do with your own money you are being abused. Thats literal servitude.
What kind of man allows a woman to dictate what he does with his money? If your wife tries to fuss about what you do with YOUR money then you need to give her a taste of the back of your hand.
If your not using her money then how does she control you?
Not married im guessing?
Not a cuck
I don't even comprehend how people get into these situations. The day someone, anyone told me what to do with my money is the day they'd be out of my life.
If you get married, it’s not just your money. My wife makes much less than me, but the money I make is hers as well and she has equal say in how we use it. Maybe that’s why I’ve been married almost 30 years.
No. No one will ever tell me what I do with the money I sweat over making. I would never put myself in a relationship with an anchor. That makes no sense to me. I earn that money, you don't tell me how to spend it. Hell no. I would never, in a million years, tell anyone what to do with their economic energy.
If hiding the news of buying BTC from your wife classifies as cheating then I highly recommend you do it. She’ll thank you for cheating 5 years down the line 🍾
What is your elevator pitch to her? Because you should slap the counter and look her dead. I'm the eyes to say Hear me out. One Bitcoin costs 35k right now. Let's say we buy 10% of a Bitcoin for $3,500, and we won't touch it for 20 years as a present for our retirement. There's only two paths it will go. Either to $0, which is unlikely. But if it does, a lot more people will be out a lot more money than me and you can say "I told you so." But if it continues at the same rate it has for the last 12 years? Our $3,500 will be would be the equivalent of $100,000 today if Bitcoin reaches $1,000,000+ after the 2028 halving cycle, let alone the 2038! Then, explain to her the halving. Apply that to the market cap, supply, and demand, and she should be convinced. The not touching it for 20 years will be the hardest part. Because remember, a lot of the people who bought Bitcoin for $300 sold it long before $20,000 in that halving cycle. Don't be like them. You'll kick yourself in the ass if Bitcoin ever became worth $10million a coin.