Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by Gachapin (1)
You must not have seen the posts in which BTCETFInvestor had already told us that he is investing 8 figures, which surely strongly suggests that he is either a grown up or he is a very smart youth.. 
oh you read his posts... you are really working your ass off aren't you.. EDIT
@d_eddie - I treat investing as a game, and I enjoy winning at it!
I see. Many here treat investing as a way to improve their lifestyle. That's why you sometimes don't get it. It's like giving up one trick in bridge to make sure you don't give up more, so you fulfill your contract.As strange as it may seem, I enjoy the excitement of market volatility - creating big paper gains and big paper losses, which over the years I became immune to that commonly happening. I also enjoy moving income money from various sources around to better invest it.
I just looked at my brokerage account where I have 5,950 shares of Fidelity spot Bitcoin 'FBTC' with a cost basis of $95/share . The share price at yesterday's close was $102.51 - it has gained $1.79 to $104.30 this morning for a nice little gain so far today of $10,650. Looks like it might hold or increase even more since the spot ETF tracts the price of BTC nicely.
To be a fairly late investor in Bitcoin via shares of a spot ETF, as of this morning I have a nice gain of about $58k or 10% on my $565k investment.
My investment synopsis for buying the spot ETF is that about 1,146 shares of FBTC equals the price of one Bitcoin (i.e. BTC price $119,600k ÷ $104.30=1,146). I wanted to invest in the equivalent of 5 BTC which I have with my 5,950 shares of FBTC (5,950 ÷ 1,146 = 5.2 BTC).
Hopefully this makes sense coming from a seasoned investor with decades of experience...
From now on when I see posts from BTCETFInvestor, I will need to consider, “ oh? There must be some validity in that, since he’s “seasoned investor with decades of experience.”