I probably would have sold at $30,000 and bought hard assets.
> 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 traded in and out of bitcoin very quickly at certain points last year and made about $40,000. But I got out long age closer to it’s high’s.
I watched it like a halk when I had it, and barely slept at night. I made my money and got the hell out.
I had someone that worked for me abruptly resign last year, and told me to my face they had 100 Bitcoin worth $5M, which would have been at $50K each near its peak.
Rather than give them the shocked and I’m so impressed look they were probably expecting, I simply shrugged and said “that’s great, but I would probably sell most of that if I were you, if you’re going to retire now.” After that, they quickly left, but I hope they’e doing ok, as we quickly filled that opening.