Author Topic: Bitcoin - are we still out?  (Read 3269 times)

forgerator

  • 5 O'Clock Shadow
  • *
  • Posts: 31
Re: Bitcoin - are we still out?
« Reply #50 on: December 24, 2020, 08:15:19 PM »
Invested in it in the late 2017 boom, was left holding bags which were down 80% from all time high. But kept believing in the tech and kept buying small amounts all the way until July of this year when I finally broke even. That's when I took a gamble and put all my IRA into GBTC (risky bet which could have back fired). Ended up tripling my IRA balance due to the recent run-up to 23k. So I can say I'm very much in profit but it involved immense risk taking.
« Last Edit: December 24, 2020, 08:17:12 PM by forgerator »

Radioherd88

  • Stubble
  • **
  • Posts: 100
Re: Bitcoin - are we still out?
« Reply #51 on: December 28, 2020, 03:09:32 PM »
Invested in it in the late 2017 boom, was left holding bags which were down 80% from all time high. But kept believing in the tech and kept buying small amounts all the way until July of this year when I finally broke even. That's when I took a gamble and put all my IRA into GBTC (risky bet which could have back fired). Ended up tripling my IRA balance due to the recent run-up to 23k. So I can say I'm very much in profit but it involved immense risk taking.

Are you sticking with it or cashing in your original investment to hedge against a crash?

forgerator

  • 5 O'Clock Shadow
  • *
  • Posts: 31
Re: Bitcoin - are we still out?
« Reply #52 on: December 29, 2020, 09:06:31 AM »
I'm planning to cash out in January on 50% of my initial investment, then remaining 50% perhaps in summer of 2021.