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To: PeterPrinciple

Do you have any money to invest or is do you just hate it because the boat sailed. Heck, that boat is a floating bank.

I turned 75K into 160K in my pocket, 1/3 more for taxes, and over a quarter million one top of cashing out my investment. I am still stuck with 50K in mining equipment I paid myself back for, on top of that.

The worst thing about BTC is if you actively trade, not something I do now, you owe taxes on the profits. It is growing so fast you actively trading may result in you having to sell it to pay your taxes. If you let the “asset” sit and grow it is becomes a kind of Traditional IRA asset - thats how I look at it.


56 posted on 02/28/2024 8:11:44 AM PST by Jumper
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To: Jumper

Great job!

My Bitcoin investment is up over 1400% and I am up 236% overall. That’s 13 different coins.

I buy and hold, and if a coin is doing really bad over 3 years, then I trade into some thing cheaper that’s trending up. Ideally a top 100 coin.

Like you I am looking at this thing long haul.

Ideally I may stake some of my coins and earn interest or even loan? Maybe borrow up to 10% of it?

Bottom line I am not selling, and in for the long haul.


60 posted on 02/28/2024 8:32:13 AM PST by Enlightened1
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