I imagine this is not a popular topic in these forums as this is still almost an entirely speculative investment space, but was curious as to if there were any others with cryptocurrencies in their portfolio?
A little about myself...I’m a recent graduate of residency who had followed bitcoin for years and began investing a little over a year ago. I was in a somewhat unique situation in that I didn’t have massive student loan debt and then the debt that I had was bought (or is now held) by a family member that charges me 1.5% interest. My wife and I’s Roth’s were maxed and I was in no hurry to pay off student loans given the terms so I took money I had made from individual stocks (think FANG) as well as profits from selling the house we bought right before residency (again, a fair amount of luck) and rolled them into BTC and ETH initially. I started buying/trading lower cap alt coins that also exploded in value and now hold a significant amount of bitcoin. Or at least a portfolio that is worth a significant amount of bitcoin as I hold a handful of non-BTC crypto (or alt coins). If BTC gets to $30k by the end of the year, I will likely be a “crypto millionaire.”
My initial investment was recouped a long time ago and profits have been used to fully fund wife’s 401k and family HSA in 2017. Also, while I answer questions honestly, I have made zero attempts at convincing family or friends to put money into crypto. I don’t want to deal with the trouble/animosity that lost $ can bring. That being said I find both the technology and the markets fascinating and am always trying to learn more.
Since this isn’t index funds or REITs, I expect a lot of blowback which is fine. I’m more than happy to answer questions but would really like to learn from or alongside others who have entered this world. What are your thoughts? Strategies? Projects you like? Etc.
A little about myself...I’m a recent graduate of residency who had followed bitcoin for years and began investing a little over a year ago. I was in a somewhat unique situation in that I didn’t have massive student loan debt and then the debt that I had was bought (or is now held) by a family member that charges me 1.5% interest. My wife and I’s Roth’s were maxed and I was in no hurry to pay off student loans given the terms so I took money I had made from individual stocks (think FANG) as well as profits from selling the house we bought right before residency (again, a fair amount of luck) and rolled them into BTC and ETH initially. I started buying/trading lower cap alt coins that also exploded in value and now hold a significant amount of bitcoin. Or at least a portfolio that is worth a significant amount of bitcoin as I hold a handful of non-BTC crypto (or alt coins). If BTC gets to $30k by the end of the year, I will likely be a “crypto millionaire.”
My initial investment was recouped a long time ago and profits have been used to fully fund wife’s 401k and family HSA in 2017. Also, while I answer questions honestly, I have made zero attempts at convincing family or friends to put money into crypto. I don’t want to deal with the trouble/animosity that lost $ can bring. That being said I find both the technology and the markets fascinating and am always trying to learn more.
Since this isn’t index funds or REITs, I expect a lot of blowback which is fine. I’m more than happy to answer questions but would really like to learn from or alongside others who have entered this world. What are your thoughts? Strategies? Projects you like? Etc.
Comment