> I call that dumb luck. <
And that’s why you will never get very far. If you were much less honest, you’d write a book “How to Become a Bitcoin Billionaire”.
Then you could run late-night infomercials hawking your book, and give $1000 seminars to suckers willing to pay for boiler-plate investment advice.
(Just kidding, of course. Folks who go that route should be in jail. And some, like Kevin Trudeau, actually are in jail.)
I went through the Dot com bubble back in the 90’s. I know that isnt that long ago, but I learned my lesson. I am not starry eyed about my good “dumb luck.” I have seen it go from top to bottom a couple of times now.
The thing is, if I cashed it out the tax hit would be horrible. My basis is low three figures. So, it could drop a lot and I would still be ahead of the game.
Its like having a nice part time job. And no...I do not reccomend it to ANYONE. 99% of the people think its crazy to begin with.
Honest to God, it was a lark with a few thousand dollars that I could afford to toss. Now sometimes I pull up the chart and night and show my wife...and then we both laugh.
But turn it into a debt payment, a quarter ounce of silver, and all of a sudden you find yourself sitting nice.