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Re: Will you quit your day job to go full time on bitcoin?
by
Finestream
on 22/07/2016, 05:41:40 UTC
$1000 could be a very brief situation. If you have a majority of your bitcoins still in bitcoin, dont quit your job yet. It could turn around just as fast, if not faster, than we got here. Dont go out and purchase fast cars, yachts houses unless you pay it entirely in cash, and make sure you tell the tax man so you are left over with no debt at all. You dont want to be the one who literately ends up considering suicide because a stock or something similar you bet everything on collapsed. You dont want to be that guy.
For me, if ever the price will reach up to $1,000 this year, I am already in great profit and probably I would cash out some of my profits and use that money to build my long time dream business, it is just right to not just invest in one but to diversify your investment is the great method to do.