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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="quad" data-source="post: 16676933" data-attributes="member: 17952"><p>I don't think it is too late. Not investment advice and I'd hate for you to lose money on it.</p><p></p><p>Here's my thinking. Leaving excess dollars in a bank account is a losing proposition because of inflation and the dollar has been losing value year over year since inception. IMO you have two options: Spend your dollars if needed or invest it.</p><p></p><p>People are investing in the stock market, precious metals, housing, crypto, real estate even cars and watches etc.. You can lose money with all those type of investments if you buy high and sell low. Many people made a killing with real estate and some went bankrupt.</p><p></p><p>I do think cryptos will trend up but it won't be a straight line. Weak hands will be shaken all the way up.</p><p></p><p>I'd rather see my cryptos go to zero than cash out too soon and then see it go to the moon (diamond hands). I also don't want to pay a ton of taxes so I will not take out too much and end up having to fork over 1/2 to the IRS. That's why I plan on taking out smaller profits every year.</p><p></p><p>But that's my view. Others feel different and would rather sell lower and still realize a profit.</p></blockquote><p></p>
[QUOTE="quad, post: 16676933, member: 17952"] I don't think it is too late. Not investment advice and I'd hate for you to lose money on it. Here's my thinking. Leaving excess dollars in a bank account is a losing proposition because of inflation and the dollar has been losing value year over year since inception. IMO you have two options: Spend your dollars if needed or invest it. People are investing in the stock market, precious metals, housing, crypto, real estate even cars and watches etc.. You can lose money with all those type of investments if you buy high and sell low. Many people made a killing with real estate and some went bankrupt. I do think cryptos will trend up but it won't be a straight line. Weak hands will be shaken all the way up. I'd rather see my cryptos go to zero than cash out too soon and then see it go to the moon (diamond hands). I also don't want to pay a ton of taxes so I will not take out too much and end up having to fork over 1/2 to the IRS. That's why I plan on taking out smaller profits every year. But that's my view. Others feel different and would rather sell lower and still realize a profit. [/QUOTE]
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SVTPerformance's Chain of Restaurants
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