Last week I remembered that I had a small amount of Bitcoin saved on an old computer. Luckily, I found them. I got some more on Coinbase, but it is dow right now, after skyrocketing today. There was a plus of 30% on the price, and as I checked again later, the price was up another 3000€ at 16000 something. I was not sure what to do, but Coinbase took the decision away from me. It is down.
What should I do with my Bitcoin investment?
To be fair, the invested sum is not that high, so I do not really care about losing it. I am thinking about selling Bitcoin worth the amount invested plus some 50%, and keeping the rest in cryptocurrency. That would be 85% of my current holdings.
Yes, I am about 800% in the good. Nice stuff.
Why did I have Bitcoin on my old computer?
A few years ago a company started to offer Cryptocurrencies in tobacco stores in Austria. So, from time to time I bought a coupon and retrieved it. Now I wish I would have been more thorough with that strategy. This is not the only reason I am working hard on improving myself. My visits to the tobacco stores were quite regularly, so converting some 20€ a month to Bitcoin would be a great benefit now.
As I am a lazy and easily distracted person, I did not follow through, and as a result I do not have as much in my wallet as I could have had with persistence.
What do I do now?
As I mentioned, I will take out a little bit of my current holdings, to recoup me for the fiat money I actually invested plus some interest. I will keep the rest encrypted, and just see where it goes. As long as the trend is good, I will buy a Bitcoin for a few Euros each month, to create a regular investment. Yeah – that’s where I am going to put the money that I save from not smoking anymore 🙂
In numbers, I will now put 35€ a week into cryptocurrencies. For the start I am going with 25€ for BTC, 5 for LTC and 5 for Ethereum.
Maybe it is money thrown out the window. As it would be if I spent it for cigarettes.
Let’s hope for the best 🙂
Bitcoin (altcoins) could either be the future and you make massive returns, or for some reason it sinks and you loose it all. You gotta put in an amount of money you’re comfortable losing http://7cryptos.com/why-to-invest-in-crypto/