Suddenly every old timer who can't trade anymore is an expert on crypto. Interestingly, he never mentioned any other cryptos when he talked about "Bit Coin".
I own 5 bitcoins and whatever coins that resulted from the forks, bought it 4 years ago for 3k. All things considered, I’d call it a token allocation to keep my finger in the pie. PS. If we see a decline I might buy some more but at these levels I am OK just waiting it out.
Not a bad little pie! And it looks like you bought it at a mostly prebaked price. If you had not bought any thus far, would you even consider going in now?
It’s a tricky question. Truth is, even holding at these levels is worth it only in size that’s not a meaningful portion of your net worth. So if I was flat, I would probably buy A little or (probably a better option) wait for a drop first.
is this a boss I would know? if it is, those guys are the smartest (and one of the wisest) people I have ever met. I would take their market views very seriously. thanks for sharing.
Would be a great story, if it were true! https://gizmodo.com/no-a-guy-didnt-scam-1-million-by-selling-chuck-e-che-1821382567
If Ralph Acampora or Joe Bat gets on CNBC and starts talking about it then time to find the nearest exit.
The rapidity you're talking about took 9 years, but you're probably referring to the last 12 months. I started buying in 2013 and better price entries were available for 2 years. Price reflects risk. I considered it "lost money" when I bought. Since then, many positive things have happened in Bitcoin/crypto space. Bitcoin may come down in price but I don't think it will go below $5K. I get "advised" constantly to cash out as it's about to crash and they are shocked when I confidently say I don't think so.