Quote:
Originally Posted by GGG
I looked back through the articles and I the February 2020 you were advocating buying at 8 cause it was going to 20 so 200% return if you choose to sell.
If you cashed out of the Index at the start of Covid and bought the bottom you could have made over 50%. That one was easy to catch part of the wave.
Amazon is up 80% and Facebook are up 50% this year.
And if you had invested in Etsy you could have made 234%
So yes if you pick well as you did a single item and put a large portion of your portfolio in a single item you can have crazy returns. You just accept a large amount of volatility in exchange for the potential return. You just have to pick correctly. I don’t think you ever mentioned how much of your portfolio you put in Bitcoin.
Congrats on being correct though. Do you cash out now?
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I bought at 8 but I had also bought at $1500 in 2017...I now own multiple coins. I have cashed out multiple times...right now is not one of those times this will not be the all time high for BTC I would bet on it (literally) Hindsight being 20/20 I should have bought more and held more.
I keep crypto separate from "normal investments" so its hard to say what percentage. My actually investment was almost nothing...$1500 canadian dollars.
BTC goes to zero next week I would be disappointed but my return on $1500 would rival any hindsight stock pick still.
And guys I'm just breakin' balls here...if it crashed/crashes I know for a fact some on here are gonna troll me so when I call 3 separate BTC buys on here and get mocked I am certainly gonna come back and gloat a bit.