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To: amorphous

Hehe, I sort of did the reverse. Held a gold ETF for seven years as a defensive investment in my Roth IRA. I am typically pretty aggressive, so I just wanted something enough to fund “tickets on the last plane out” if it came to it. After seven years it was down 40% and I knew I was wasting my time.

Switched into GBTC in 2015 and got out in mid-2017 with a 1800% gain. But only because I was launching a self-directed IRA which then gained another 1000% before the peak in December.

I got into crypto in 2014 with a few thousand $/year invested from a middle-class income. By the end of 2017 I was founding one of the first crypto-endowed private charitable foundations. (Of course it lost 90% the following year, but things are back better than ever now. ;-)

Crypto is a wonderful tool for resisting leftist, totalitarian government and the surveillance state if used properly. And many of the projects in the crypto space are helpful to our cause. For examples, Presearch (presearch.org) which provides alternatives and a way to get away from the bias and censorship at Google, and Basic Attention Token (BAT) and the Brave web browser. And then there is Civic, which protects privacy while providing a digital identity that could be just what we need for honest elections and similar needs.


70 posted on 02/22/2021 4:22:28 PM PST by EnderWiggin1970
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To: EnderWiggin1970
That's a funny and interesting story. Thank you for sharing your experience. I agree Crypto is a wonderful technology in the right hands - the hands of the people. It can sort of eliminate the need for so many middlemen governments and money changers to a degree.

Best regards and wishes for great luck in all of your endeavors!

80 posted on 02/22/2021 7:45:58 PM PST by amorphous
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