5 ms·
Do these people that hold bitcoin or say that they've "made amazing returns" actual cash out at any point? Or are they holding a few bitcoins like everyone else
by pinchharmonic 9y ago
Do these people that hold bitcoin or say that they've "made amazing returns" actual cash out at any point? Or are they holding a few bitcoins like everyone else? Isn't that how a bubble forms?
If I got into it, I would get a return I thought was nice (100-200%) and then cash out.
- votingprawn 9y agoI cashed out 20 bitcoins many years ago...and brought myself a nice graphics card with the proceeds. (i.e. $300) If I'd waited a few years longer I'd have been able to buy a house (nearly), but I suppose I could also have ended up with enough to buy a sandwich.
- coryfklein 9y agoI didn't buy long enough ago to be rich from my investment, but I just choose a percentage of my portfolio that I'm comfortable holding in Bitcoin. If that's 10% and Bitcoin increases in value, then I sell until I'm down to 10% again. This means that over time I've sold a lot of my bitcoin and moved it to lower risk investments, but the dollar value of my bitcoin holdings has increased over time as well.