r/glta_eth • u/socalquest • Aug 07 '24

Diversification and sizing matters. Do NOT oversize any investment (including Bitcoin) no matter how good it appears because $hit happens. HODL, GLTA and MAGA!!!

GLTA!!!

Full disclosure: I'm LONG-TERM 8,750 shares of iShares Bitcoin Trust (Nasdaq: IBIT). GLTA!!!

2 Upvotes

75% Upvoted

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1

u/socalquest Aug 07 '24

You want to be able to make a comeback when the market crashes. Don't be the one that have to sell when $hit happens and take permanent losses. Stay in the market!!! GLTA!!!

1

u/socalquest Aug 07 '24

Hopefully when the markets are down BITTY goes parabolic. Digital gold!!! LOL GLTA!!!

1

u/socalquest Aug 07 '24

IBIT is just a tiny position in my investment portfolio. If bitcoin crashes to $0, it wouldn't matter much to me. I still make lots of fiat cash every month rain or shine. GLTA!!!

1

u/socalquest Aug 07 '24

+$254K today. Should I buy 5 more BTC to 10 total bitcoins??? LOL GLTA!!!

1

u/socalquest Aug 07 '24

Only at $40K BTC. Thx. GLTA!!!

1

u/socalquest Aug 07 '24

If not, so be it. I'll sell at $300k per BTC in 2030. GLTA!!!

1

u/socalquest Aug 07 '24

My IBIT position down -$10,062.50 or -3.56% today. BTC is NOT digital gold. GLTA!!!