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I bought 35 at about $100 each and sold 9 a few days ago when it was $450 so I got my initial investment back out plus a few bucks. From this point on, I'm just
by deftnerd 13y ago
I bought 35 at about $100 each and sold 9 a few days ago when it was $450 so I got my initial investment back out plus a few bucks. From this point on, I'm just going to hold it to see what happens or use it for the occasional online service that accepts BTC and provides a discount for it.
Everyone keeps on talking about how it's impossible for a currency to keep rising like this and have it be useful for commerce, and to some extent I agree. I, however, have started to see the Bitcoin price as the cost of a share into a new world-wide equivalent of the Federal Reserve.
There will only ever be 21 million shares of ownership issued, and I purchased some just to see what happens. It's kind of exciting to me
- mcdougle 13y agoI'm kind of in the same place. Bought 1 bitcoin for the novelty a while back, sold a chunk of it yesterday to get my money back, and now I'm waiting to see how high it'll go. If it breaks $1k I'll probably sell a bit more to get a profit and then hold on to a tiny fraction to wait and see if the bubble bursts. That's kind of how BTC has been since I've been sort of paying attention to it -- it acts a lot like a stock.