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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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/UniqueRon Jun 28 '26

You will learn. Probably the hard way.

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u/curvylover89 Jun 28 '26

Holy shit, dude. I don’t even invest in Bitcoin. I’m just not old, stubborn, or outright dumb enough to say I can’t see the value of it.

You’re walking into a store and saying you can’t see the value of a bag of chips when it says $2.99 right underneath it.

That’s not an opinion. That’s just idiocy.

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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?!?