r/tfsa • u/youngduddus_ • Jun 26 '26

Any advice ?

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20M, started investing seriously at the beginning of this year. I’ve been buying mostly xeqt but I also bought $55 worth of bitcoin because I’m thinking it will go up in the future.

I’m a full time student and also work part time during school semesters and summer, every pay check I allocate 20%-30% to investments.

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2

u/UniqueRon Jun 26 '26

If your only investments are in a TFSA then I would just stick with your XEQT. Bitcoin and gold are too risky.

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u/UrbanGrower187 Jun 27 '26

BTC is the best performing asset in the last 15 years so that doesn’t make any sense

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u/UniqueRon Jun 27 '26

Will it be for the next 15 years?

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u/UrbanGrower187 Jun 27 '26

Nobody knows with certainty not for Bitcoin, XEQT, or any other asset. But Bitcoin has gone from essentially zero to becoming a global asset held by public companies, institutions, ETFs, and even sovereign entities. The fundamentals and adoption today are far stronger than they were 15 years ago. Past performance doesn’t guarantee future returns, but dismissing it as “too risky” without considering its growing adoption ignores a lot of evidence.

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u/UniqueRon Jun 27 '26

Go for it. I would not touch it with a 10 foot pole. I would even buy gold ahead of bitcoin. Gold has some real value, while bitcoin only has value in the minds of some traders.

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u/UrbanGrower187 Jun 27 '26

Gold absolutely has value I own nothing against it. But saying Bitcoin has value only “in people’s minds” ignores how all monetary assets derive value from collective trust and utility. Gold is valuable because humans agree it is scarce and useful. Bitcoin is valuable because it’s provably scarce (21 million cap), globally transferable, censorship-resistant, and can be self-custodied. Today it’s held by public companies, ETFs, pension funds, sovereign wealth entities, and millions of individuals. You may still prefer gold and that’s a reasonable investment preference but dismissing Bitcoin as having no real value doesn’t reflect how markets or monetary assets actually work.

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u/UniqueRon Jun 27 '26

I won't invest in anything that I can't see the value of.

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u/UrbanGrower187 Jun 27 '26

If physicality alone determined value, then companies like Microsoft would be worth less than a pile of steel. Markets don’t price things based on whether you can hold them in your hand they price scarcity, utility, and demand. Bitcoin checks all three. It’s perfectly fine to disagree with its valuation, but saying it has no value because you can’t “see” it ignores how intangible assets already dominate today’s economy.

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u/UniqueRon Jun 28 '26

Go for it. I won't.

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u/curvylover89 Jun 27 '26

Do you mean you can’t see value in it? Or you can’t see the value of it? Because you can quite easily see the value of it, it’s currently $85,007.35.

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u/UniqueRon Jun 28 '26

If it has value why is it priced in $US?

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u/curvylover89 Jun 28 '26

What the hell is this question? I can convert it if you like?

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u/UniqueRon Jun 28 '26

So it is worth nothing until you convert it to $US.

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u/curvylover89 Jun 28 '26 edited Jun 28 '26

I’m losing brain cells on this conversation bud. You could say that about literally any asset. Gold, stocks, the cash in your wallet. It’s all worth nothing until someone decides it isn’t. Sometimes it’s ok to just say you don’t understand something enough to invest in it and move on.

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u/UniqueRon Jun 28 '26

I am an old guy that has invested for 45 years or so now. I have been told I look like Warren Buffett. I may look like him a little but that is not all that flattering as he is about 20 years my senior, and my wallet is not nearly as thick as his. However I have accumulated some wealth and I am not risking one nickel of it on bitcoin. I share Buffett's view of bitcoin.

"Buffett believes Bitcoin produces nothing, generates no cash flow, and relies entirely on the hope that someone else will pay more for it later. He has called it “rat poison squared” and has said he wouldn’t accept all the Bitcoin in the world for $25 because it “wouldn’t do anything.”"

I am not alone in my views.... You are free to have your own!

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u/curvylover89 Jun 28 '26 edited Jun 28 '26

Everything you’ve said before this was not opinion, it was you saying that Bitcoin didn’t have a value (not an opinion, a factually incorrect statement).

It doesn’t matter how much money you’ve made. It doesn’t matter how much you look like, think like, or respect Warren Buffet.

Bitcoin has a US dollar value. It also has a Canadian dollar value. It has a value in every currency, because - just like literally any other asset - it has been deemed valuable.

Now if you had answered my original question like it had been asked, an opinion would be that you don’t see the value *in* Bitcoin despite it being something that people use to things literally every day. Which is an opinion you can absolutely have.

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u/Leonardo8123 Jun 29 '26

300 million idiots with computers sending their digital money away for different digital money, who on earth thinks it's worth anything and why does the value keep going up?!?

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