anon84835

Re:Ask HN: I make $30k/month thanks to Bitcoin. What should I do? on Wednesday June 08, 2011 @07:51AM (#2632744)

Honestly, it is too much hassle to deal with individual sales, making sure the guy is not a PayPal scammer, etc. Selling in a mostly automated way via MtGox is just fine for me.

Re:Ask HN: I make $30k/month thanks to Bitcoin. What should I do? on Wednesday June 08, 2011 @07:42AM (#2632720)

To clarify, I don't actually think I will eventually run out of Bitcoin wealth, as I expect their value to keep increasing (unless Bitcoin crashes).

I am simply cashing out as fast as I can, in the short term, in order to diversify my wealth across BTC and USD to spread risk. I own the equivalent of $2 million in Bitcoins, so I would probably want to sell a quarter or a third of that.

Ask HN: I make $30k/month thanks to Bitcoin. What should I do?

Posted by anon84835 on Wednesday June 08, 2011 @07:11AM
from the ask-hn dept.

I am not here for boasting, but my question is purposefully meant to be provocative.I used to be one of the biggest Bitcoin miners, back when the difficulty level was low enough that CPU mining was the norm. These days people mine with video cards but I am mostly out of the game...Anyway, I have accumulated enough Bitcoins (73k BTC) and the exchange rate has skyrocketed so much ($27/BTC as I am...

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