Bitcoin Surges Past $7,000 to Extend Record Rally

Re:Bitcoin Surges Past $7,000 to Extend Record Rally by pinchharmonic on Thursday November 02, 2017 @10:29AM (#15610684)

Do these people that hold bitcoin or say that they've "made amazing returns" actual cash out at any point? Or are they holding a few bitcoins like everyone else? Isn't that how a bubble forms?

If I got into it, I would get a return I thought was nice (100-200%) and then cash out.

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Re:Bitcoin Surges Past $7,000 to Extend Record Rally by votingprawn on Thursday November 02, 2017 @11:10AM (#15611090)

I cashed out 20 bitcoins many years ago...and brought myself a nice graphics card with the proceeds. (i.e. $300)

If I'd waited a few years longer I'd have been able to buy a house (nearly), but I suppose I could also have ended up with enough to buy a sandwich.

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Re:Bitcoin Surges Past $7,000 to Extend Record Rally by coryfklein on Thursday November 02, 2017 @06:41PM (#15614991)

I didn't buy long enough ago to be rich from my investment, but I just choose a percentage of my portfolio that I'm comfortable holding in Bitcoin. If that's 10% and Bitcoin increases in value, then I sell until I'm down to 10% again.

This means that over time I've sold a lot of my bitcoin and moved it to lower risk investments, but the dollar value of my bitcoin holdings has increased over time as well.

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