Looking at how people are investing, in few years either we are going to have millionaires or bag holders. There is no in between. Well, I respect such people over ones buying SPY tbh π€·
Wish I had more dry power. @Credit Karma I hold btc, and will not be be converting it into usd. I donβt think of it as profit or loss, lets talk after few years.
Bought 20 bitcoin in 2013 for $195, bought 5 more during dip of 2018/2019 ~3500 each with last purchase of .1 for $900. Total invested for bitcoin = $8,500. Now looking at $1.25 mil. This doesnt include the stash of ether purchased at low $100-200 levels, including crypto mining off/on since 2014. I'll take the returns, grow into other investments. Makes me wonder why go back into corp for a measly base of +200k + %20 bonus + 200k RSU's.
Been researching this site too much regarding TC. I'd be very hesitant to spend too much on bitcoin today. That last drop in 2018 from $20k-$10k overnight. It will fall again eventually.
Ballsy move to stake all of it. If there is another Mt. Gox, you are gonna loose everything. Why don't you stake some % of it? I stake around 10% of my BTC.
I have some btc but due to mt gox n similar stuff i refrain from putting it anywhere but my hardware wallet. @op if you bought 100k btc and you putting it on for interest then you are either stupid or stupid rich. Get it cold stored and hodl for life
During Mt Gox there was no such thing as regulated custodians using multi-party keys and multi-party computation. BitGo and Fireblocks security are are orders of magnitude more secure than Mt Gox (which was built off a blogging platform). Those two companies are used to secure crypto for large financial institutions and Fortune 500 companies. Probably more secure than what you can do at home.
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Well, I respect such people over ones buying SPY tbh π€·
Get it cold stored and hodl for life