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Likes: I Just watched this interesting vid on bitcoin, pretty interesting.
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I Just watched this interesting vid on bitcoin, pretty interesting.
Bitcoin tops $41,000 to hit another record, climbing 40% so far this year
the world’s most valuable cryptocurrency traded as high as $41,756, according to data from Coin Metrics.
Bitcoin is currently up over 40% so far in 2021, and on track to post its second-best week since the peak of the December 2017 surge.
The idea of bitcoin as a hedge against inflation has continued to gain traction among investors.
... if you invested $1,000.00 USD a month in Bitcoin when this thread first started, you would have doubled your money. Investing is too strong a word. You are truly speculating and at that time could have easily lost half your money.
One thing is for sure, some people will make fortunes on Bitcoin.
If your into gold or silver, today is a good day to buy on the dips as well.Originally Posted by SalesServiceGuy
... only if you understand what you are buying, what the fees are and are willing to immediately lose 50% of any money you speculate with.
Bitcoin is still at an all time high compared to just a month ago at $20,000.00 . It could still fall a long way from today's $33,000.00 valuation.
Just curious, how much have you personally made off bitcoin?
I do not invest in Bitcoin directly.
Bitcoin trades 24/7. I do not want to think about it all of the time.
I do have an ETF that trades Bitcoin for me that I first invested in back in Sept 2020. I am up more money than most copier technicians will make in six months.
I have no plans to sell my investment in the next couple of years so it is all paper profits. Not the kind you can spend but if you do cash in you have to pay taxes on it. I view it as a retirement bonus when my income will be much lower.
"perhaps signals some profit-taking from investors." Perhaps?????
100%. Both profit taking and risk reduction with an eye to buying back in.
There is a huge amount of global money flowing into Bitcoin in Jan 2020, the start of a new fiscal year.
Many investors are demanding that their portfolios allocate 5% of their assets into Bitcoin in search of higher yields.
Many investors live in economies where they want to hide a part of their wealth from their gov'ts.
The ideal situation would be to redeem 100% of your initial investment and let your profits ride to wherever it takes you.
Last edited by SalesServiceGuy; 01-11-2021 at 05:38 PM.
I used to use it back around 5 years ago but I don't use it anymore.
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