I just bought $200,000 of Bitcoin

[heiri007]

In the long-term it's still a good entry point. Even better so because there was like three months consolidation now, preparing for a next move. If the OP has a time horizon of say 3-5 years, it will be very worthwhile.

 

Just don't get into trading, it's like catching a falling knife, no one succeeds.

 

Many already wish they'd bought earlier. But they keep on repeating the stale old arguments - criminals use it, it's not secure tech, etc. In fact, cash is more difficult to track - and assets get more and more digitized, meaning initially the Internet was all about transfer of information, now we're about the enter the Internet of value.

 

Stocks, properties, everything will get tokenized. 

 

Better stay with cash and banks? They're a thing of the past soon.

 

Actually, one can never have enough quality crypto tokens. Again, it's still early, relatively. Once Bitcoin tops $150-200k, everyone wants to jump in. Mark my words. This is just the beginning.

[freedomnow]

Any sell-stop in place ?

(Are app plug-ins to CEX the only way to get a trailing sell -stop...anyone)

 

No averaging in through the ukraine crisis....? A bit of a tustle at the border is all it needs to give you a better discount.

 

I'd have split it with Ethereum at least vs one boat if you are not in for the much longer term.

[bkk6060]

I actually believe you may get rich.

True inflation on some reports is more around 15 to 20%.

Good luck, should be interesting to see what happens.

 

[The Hammer2021]

Good luck..hope you can sell them when you want..

[Captain Monday]

Buy four or five BTC and by 2030 you will be set for life. 

[Caldera]

Interesting move at an interesting time. Best of luck to you, I'm sure it will be quite a ride @Pravda.

[dj230]

Probably a bad time to buy, although there was worse times, but that's just my opinion.

 

Lots are starting the negative bitcoin narrative, good luck though.

[dj230]

repost

Edited February 15, 2022 by dj230

[Jingthing]

I think it's time for me to throw in (out?) 200K.

 

 

 

 

 

 

colombian

 

 

 

 

 

[Jingthing]

14 minutes ago, Captain Monday said:

Buy four or five BTC and by 2030 you will be set for life. 

or homeless

[Heng]

Not a bad entry point.   IMO you'll enjoy some decent results.

[Captain Monday]

8 minutes ago, Jingthing said:

or homeless

I am HODL ing a big chunk of ETH looking at the 10 year time horizon , no BTC, no trading. Not more than I can't afford  to lose though. ????

Edited February 15, 2022 by Captain Monday

[DezLez]

31 minutes ago, The Hammer2021 said:

Good luck..hope you can sell them when you want..

He can always sell! 

The question is; for how much?

[happydreamer]

2 hours ago, Don Chance said:

With any investment there is a chance you could lose it all. With crypto it is a much higher chance. So i would not invest any money that i could not afford to lose. Crypto is purely speculation.

A 5% portfolio allocation is the max i would recommend in crypto. You want to have a diverse portfolio with a variety of asset classes to minimize you risk.

 

btw, Crypto is not a real currency. There is not much you can buy with it.

You sure can sell it for real currency.  People trade it all day long.  

[The Hammer2021]

1 hour ago, FritsSikkink said:

You are only up after you sell.

If you can sell

[The Hammer2021]

1 minute ago, happydreamer said:

You sure can sell it for real currency.  People trade it all day long.  

They say they do but coins are the ultimate ramp..

[peter zwart]

Then you can put some of your profit in Auditchain. Soon to be released.

[The Hammer2021]

I would have bought a small property and rented it out..

[Pravda]

Just now, peter zwart said:

Then you can put some of your profit in Auditchain. Soon to be released.

 

I'm really not into pancake swaps where you have to hold ether to exchange it for anything useful.

 

 

How did you buy it?

[happydreamer]

I still can't believe that after a decade of BTC and watching it go from a dollar to 69K and there's still people shaking their heads about it being based on nothing.  There's never been more adoption of it in it's history as there is now.  It's regulated to high hell.  Why?  Because sharks and whales wanna put their money in it and want rules around it so they know how to manipulate it.

Not saying you will get rich (you most likely will though) not saying you'l lose it all, but the arguments that its not real money or that its based on nothing are right up there with flat-earthers claims

Now show us some balls and trade 50% of it on leverage.  ????

Just kidding. Good luck dude

 

Edited February 15, 2022 by happydreamer

[peter zwart]

2 minutes ago, Pravda said:

 

I'm really not into pancake swaps where you have to hold ether to exchange it for anything useful.

 

 

How did you buy it?

absolutely no pancake swap. I bought it as early investor.

[happydreamer]

1 hour ago, StayinThailand2much said:

Experience tells me that I should only buy assets, held where I can visit in person, that have a liquid market, and that I can sell easily. Where is the office that holds your assets, and could you sell them 'right now', or, say, within the next 16 hours, if you wanted to?

Why wouldn't he be able to sell it instantly?  Thats part of the point behind it.  It's not like you're putting an ad on a forum saying I have 200k of crypto for sale who wants it

[happydreamer]

23 minutes ago, The Hammer2021 said:

They say they do but coins are the ultimate ramp..

Im unclear on what that means.  Sorry

 

[SAFETY FIRST]

You can always sell BTC 

 

To explain simply, think of it as gold.

Gold can always be sold.

Its the selling price that's the variable. 

[simon43]

[quote]

...A 5% portfolio allocation is the max i would recommend in crypto.

[/quote]

 

Perhaps $200,000 in crypto is 5% of his portfolio....

[herfiehandbag]

1 hour ago, mistral53 said:

I don't understand your comment - by your own admission, you don't understand cryptos, so why would you suggest anybody should listen to you?

 

In your defense - most people on these forums hand out advise on everything from medical, political, cars, sex etc, and they don't add the qualifier that they aren't experts in any of the fields they make wild claims on...lol

Well, I am an expert in a couple of fields, but nobody has asked me for advice on sex for a long time!

[itsari]

23 minutes ago, happydreamer said:

I still can't believe that after a decade of BTC and watching it go from a dollar to 69K and there's still people shaking their heads about it being based on nothing.  There's never been more adoption of it in it's history as there is now.  It's regulated to high hell.  Why?  Because sharks and whales wanna put their money in it and want rules around it so they know how to manipulate it.

Not saying you will get rich (you most likely will though) not saying you'l lose it all, but the arguments that its not real money or that its based on nothing are right up there with flat-earthers claims

Now show us some balls and trade 50% of it on leverage.  ????

Just kidding. Good luck dude

 

Comparing flat earthers to bitcoin doubters is extreme to say the least .

[Lacessit]

Rule 1 of investing is don't put your money into anything you don't understand. I don't understand how cryptos can be anything more than Dutch tulips, given the opportunities for computer hacking. Plus governments don't like financial systems out of their reach, China is already regulating crypto.

I'm into precious metals. Up 20% on paper so far, if Russia invades Ukraine there will be more.

[Lacessit]

7 minutes ago, SAFETY FIRST said:

You can always sell BTC 

 

To explain simply, think of it as gold.

Gold can always be sold.

Its the selling price that's the variable. 

Invalid comparison, gold is tangible. Bitcoin is a stream of electrons on the internet.

I'm wondering how bitcoin would cope with an EMP event.

[happydreamer]

3 minutes ago, Lacessit said:

Rule 1 of investing is don't put your money into anything you don't understand. I don't understand how cryptos can be anything more than Dutch tulips, given the opportunities for computer hacking. Plus governments don't like financial systems out of their reach, China is already regulating crypto.

I'm into precious metals. Up 20% on paper so far, if Russia invades Ukraine there will be more.

I did metals between 2005 and 2011.  had a gold and silver IRA.  Made some dough.  

Started with bitcoin in 2013 with a couple of ASIC jalapeño miners hooked up to a laptop and SlushPool

It's regulated because Governments want in.  Thats good thing (kinda).  It'll become more predictable.  It never used to follow the stock market but it does now, especially since there's starting to be BTC ETFs popping up