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Wed, 13 Nov 2024 11:38:09 -0800
Blee from private IP, post #18161879 
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I bought ten bitcoin in 2017

Total investment $18,000. I bought GBTC back then, an early bitcoin trust, and
converted to a lower cost ETF once they were approved. I've held this whole
time, and it's getting close to being real, life changing money. It's in a tax
sheltered account, an initially small rollover IRA, and I can't pull it out for
another few years. My wife, and now y'all are the only people I've ever told.
Aren't you special?


Wed, 13 Nov 2024 11:48:00 -0800
Andy from private IP
Reply #15900946 
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Angry    So you have $900k on paper? 
Awesome!  I hope you cash it out early, because nobody knows what the future
holds.  That's why I live for today.


Wed, 13 Nov 2024 11:54:42 -0800
Blee from private IP
Reply #13114384 
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Angry    Currently it's about $870K. The
fees for the trust were absurd, 2% a year, so I lost a decent bit of it in the
early days. Still, no complaints. And it's tough, I mean I thought of cashing
out when I doubled my investment, but then I decided to just go along for the
ride since it was such a small amount of money. I don't think I have the nerve
to hang on much longer though.


Wed, 13 Nov 2024 18:10:34 -0800
whiteguyinchina from private IP
Reply #17181166 
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Angry    Nice blee

I am a pussy when it comes to investing so have no such windfall

What are you going to do with it? 


Thu, 14 Nov 2024 07:28:35 -0800
Blee from private IP
Reply #12813972 
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Angry    Talk about dumb luck, other than
the Bitcoin my portfolio is incredibly boring and conservative. But a decade ago
I had a small rollover IRA from a former job, and figured I'd use that as a
playpen. Over 90% of what I had was in index funds, so what the hell? I played
around with penny stocks and other stupid things, and when that wasn't really
working out, I just dumped the 18K into Bitcoin. And the rest is history.

I'm just going to use it to fund retiring a little earlier. I haven't paid taxes
on the gains, so I'm just going to treat it like the rest of my 401K and IRA's
when I retire. Man I wish I had done a Roth conversation back then.


Fri, 03 Jan 2025 08:36:41 -0800
smollaw from private IP
Reply #19791776 
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Angry    congrats. since it's in an IRA
your drawdown timeline is fixed barring an emergency and incurring penalties.


 @18161879 Andy ❤️ @15900946 174.169.48.9 👍 @13114384 Andy 👍 @18161879
2tierreality 👍
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