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RE: Bitcoin to soon benefit from the same animal spirits as Ethereum?

in LeoFinance5 years ago

Haha well thank you for putting that disclaimer for me at the bottom of your comment. Now, moving past that, to properly give you some advice I need to know a little more about your situation...

  • Do you already have BTC?
  • Are you planning on holding for a long time or just for a quick trade?

Overall my thinking is that you may get slightly lower prices in the near term, which means you could wait for a bigger dip, however, if I didn't already have some BTC I would probably just buy now, today. Then once I had BTC I would park it some place that pays me interest in BTC or even wrap it somewhere. I treat BTC like a savings account that I don't plan on touching for years.

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  • No I don't have any
  • Buying 2 or 3 BTC and holding it for long term. Maybe 5 to 10 years. Iam not in to quick trading. If anything I would cash some out in 6 years when my girls start going to college for their room and board etc..etc..

Again the Disclaimer still applies :)

Then yea I'd probably just get in here, especially after we just dropped today. Anything around $10k is probably going to be just fine a year or two from now.

The cool thing is that you can park it at some place like blockfi and collect 6% interest per year compounded. If you plan on holding for 5-6 years, that interest will really add up.

Wow, 6% interest per year is nothing to sneeze at. I will have to check out blockfi for sure. Thanks again :)

A friend of mine has a referral link you can use where you both get $10 in bitcoin I believe for signing up and holding at least $100 in the account for a month.

I signed up through his link as well:

https://blockfi.com/?ref=69fdd290