Re:Money and Investing (1996)
by odonnellryan on Tuesday March 30, 2021 @12:37PM
(#26636803)
When did you exit?
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Re:Money and Investing (1996)
by JohnJamesRambo on Tuesday March 30, 2021 @07:39PM
(#26641902)
About July 2019 and I quit my job and transferred my whole retirement portfolio into Bitcoin. I think it has gone up ~600% since then, so it has gone quite well. Bitcoin will peak this year and then I don't know what to put the money into. Certainly not stocks at this point in time. Maybe just sit in a stablecoin earning interest (you can get 8.6% sitting in Gemini USD on Blockfi) and wait and see what happens in a year with all markets.
Isn't the extremely high stablecoin interest only because we are in a bull run and there is a high demand for long leverage ?
You can make 20%+ shorting bitcoin futures 1x on bitmex or ftt right now, but those returns don't last when the price is not exploding upwards..