Bitcoin at new all time highs!

[NYEXPAT]

This morning BTC crashed thru the $20,000 barrier.

 

[Spanky]

This morning BTC crashed thru the $20,000 barrier.

Yea. Amazing. Not as much as BITW, +58.8%

 

[NYEXPAT]

Yea. Amazing. Not as much as BITW, +58.8%

Too much premium risk for me. I know several people looking to short this at some point. Long GBTC and HVBTF.

 

[NYEXPAT]

Just passed the $23k mark. At this rate, Teacher Terry will have a new ¨Lambo¨under her tree for Christmas!

 

[Teacher Terry]

Expat, my son is convinced it’s going much higher and is why we have it. So we are all going to stay the course and wait.

 

[wolf]

To risky for me.

 

[NYEXPAT]

Expat, my son is convinced it’s going much higher and is why we have it. So we are all going to stay the course and wait.

I am so happy that you listened to him, and I am confident, in the future you will be very happy you did!

I should add that there will be many pullbacks in the future and some will take your breath away!

 

[Speed Racer]

For me, bitcoin has been a lot like Tesla. I held out for years not believing the hype, but I finally bought into Tesla earlier this year and I'm already up 400%. Bitcoin seems like an even farther reach since I don't even understand much about it, unlike Tesla. I probably should jump in, but feels so risky. I'm pretty satisfied with how my regular investments have performed.

 

[NYEXPAT]

For me, bitcoin has been a lot like Tesla. I held out for years not believing the hype, but I finally bought into Tesla earlier this year and I'm already up 400%. Bitcoin seems like an even farther reach since I don't even understand much about it, unlike Tesla. I probably should jump in, but feels so risky. I'm pretty satisfied with how my regular investments have performed.

I don´t think anybody should invest in something they don´t understand!

 

[steelyman]

I think it’s OK to put some money in if you’re fine to lose it. You can just sit back and watch it like a video game.

 

[HenryD]

I think it’s OK to put some money in if you’re fine to lose it. You can just sit back and watch it like a video game.

0.22% of NW for me. Just enough for entertainment purposes.

I have a friend that owns 4 coins. When he retires he's going to buy a boat with them, and he'll be happy with whatever that number is at the time.

 

[Teacher Terry]

For a initial investment of 3k we have cashed out 40k through the years. My son is the brains and handles it. We have 2 1/2 coins left. We don’t usually even track it because it was money we were willing to lose. My son will let us know when it’s time.

 

[ExFlyBoy5]

For me, bitcoin has been a lot like Tesla. I held out for years not believing the hype, but I finally bought into Tesla earlier this year and I'm already up 400%. Bitcoin seems like an even farther reach since I don't even understand much about it, unlike Tesla. I probably should jump in, but feels so risky. I'm pretty satisfied with how my regular investments have performed.

Bloomberg has an article today talking about the TSLA millionaires. I too bought in pretty late, but wow...the gains are impressive (even if not rooted in common sense) and reminds me a little of how Home Depot made a lot of folks rich back in the day (though not in the same manner that TSLA has) around the ATL area. I originally was going to take some of my TSLA gains, but it is "gambling $" so I am going to let it ride. How how will I let it ride? That's a good question.

I am still too cautious about BC to jump in that realm and I might regret it...but I want for nothing so not complaints here.

 

[moneymaker]

Bitcoin and altcoins are in an uptrend and will be for a while. They are also becoming so much more mainstream and really becoming a real form of a hedge and part of the monetary system.

Not sure why anyone that cares much about growing their portfolio at all wouldn’t atleast have some exposure.

I have about 2.5% of my portfolio in altcoins.

Up 112% since May.