Post
Topic
Board Speculation
Re: Warning: How many of you Bears have ever been a victim of a Short Squeeze?
by
tvbcof
on 26/10/2011, 18:25:48 UTC

Not only that, sold his gold to invest in btc.  True believer bagholder right here.   

yes, bought silver btwn $9-12 and sold at $44.  bought gold at $550 and sold btwn $1550 and $1650.  nice healthy returns all plowed into Bitcoin.  play money.

First $1000 bag at around $4.30 iirc, and more thereafter.  The yellow one I started in at the 'big decline' at around $375 if my memory serves, and had to take a loss for some number of months.  I've not sold almost any, so I'm still a 'bag holder' in a fairly literal sense.  Switched over to property this year although I expect to sit on a loss there for a few years but kind of break even on rental income.

But the salary keeps rolling in so I've been taking a position in BTC to see what happens there.  It's a much more exciting investment and it is my fondest hope that 1) it will live and become a game-changer, and 2) that I will have enough of a position to contribute to making the game go the right way even if it means a personal monetary loss.  Both are what I consider to be very long shots.

If I sell BTC or PM's, I will end up with USD which I don't need and tax hassles which I don't want so it is pointless to me.  Plus, I don't think that the fireworks in PM's have even started yet.  BTC...not so sure Smiley