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That's crazy thinking though. It's only "never too late" if it never stops going up. Just because it went up from $4k doesn't mean that you won. Unless you sell
by acjohnson55 9y ago
That's crazy thinking though. It's only "never too late" if it never stops going up. Just because it went up from $4k doesn't mean that you won. Unless you sell now and walk away.
Point is, it's impossible to know if you're leaving money on the table.
- bitmapbrother 9y agoThis is a long term investment for me so I don't plan on trying to time the market or cash out early. I fully expect to see Bitcoin rise above $10,000 in 1 year.
- coryfklein 9y agoBitcoin is a high risk investment. If you buy some today it could go to $1 next month (although as it's years of track record continues to grow this becomes less and less likely). Make bitcoin 1% of your portfolio. If you lose all of it, it's not really a big deal. If one year from now it has grown to 10% of your portfolio, you'll be more comfortable with it and you can sell half and maintain it as 5% knowing that if you ever lose that you are still ahead.