> I probably would have sold at $30,000 and bought hard assets. <
If I had bought Bitcoin at, say, $5.00 I would have sold it at $5.50 and then bragged to friends about my 10% profit. So I guess I’d make a lousy investment manager.
I first read about Bitcoin when it was $13. What I read about it going up because of the fixed maximum number of BCs turned out to be true. Like you, if I had bought some then I would have cashed out a long time ago.
No, you would make a tremendous investment manager. You could print up a glossy ad that says exactly what you said above about generating a 10% profit. Simply add the following to CYA and you're good to go: "Past performance doesn't indicate future returns. This is not an investment solicitation. Before investing, consult with your financial and tax advisors." ;)
“So I guess I’d make a lousy investment manager.”
absolutely not: you can NEVER go broke taking a profit ...