Well, well, well... I am back for an update.
Originally (in Post #1) sold my house for approximately $400,000 Canadian, and got approximately 648 BTC in the transaction. BTC is currently at approximately $450 US each. This makes my investment worth $291,600 in U.S. Dollars. Now also note that the Canadian Dollar has tanked really hard in the last year and is now at a 12 year low, around .72c US. That makes my Bitcoin currently worth $405,000 Canadian!. I am currently up on my initial investment! I did weather the storm when it sat at $200 for a long time (and crapped my pants from time to time and did a lot of drinking), but now my time has come. For all those that laughed, we will see who is laughing in 2016!
HODL!
Happy Holidays and Happy New Year,
Tay More
One day, you will sit staring at the full profit potential of your investment.....feeling very pleased with yourself.
Then not long after this day, you will sit staring in agony at the rapid evopration of so much this full profit potential.
Bitcoin is back in a primary bull market, there will be swings and brutal corrections along the way, but most likely, it will make its way up until around at least the $700s...whether it goes beyond that, is anyones guess, but what you need my friend, is an exit strategy.
Retard holders get to see the full profit potential of thier investment, but also the full loss potential of their investment. BTC is a different market to what it was in 2013. Now we have futures, margin trading, short selling. Those with the clout to move this market, can profit wildly from inducing wild swings in the market in both directions whereas previously, the only way to profit in Bitcoin was for the market to ramp.