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investment advice for the 2010s

As this decade slowly comes to a close I got to wondering what was the most 2010s post I could possibly make. Should I blog about my ongoing frustrations that my iphone 6se won't consistently sync with the bluetooth in my crappy ford fiesta? my husband's addiction to barely flavored seltzer water? something about tove lo? no, there is one ultimate question we're all asking ourselves:

should I cash out my bitcoin?

my friend gave me $5 bitcoin in 2014, probably as part of some account invite code. It is now worth $80 or so.

I also took $10-15 in etsy sales around that time, but that bit is gone, I used a wallet service that "retired" and claims to have given me plenty of advance notice before charging me a fee worth the account value, so fine, good-bye. but the $80 is pretending to be real money I could have to put towards a 10-speed bike for Josie.

So here we are nearly to Q4 2019, here is my question for my livejournal friends:

Should I cash out my bitcoin?

No dammit spacefem, you'll retire on this someday!
3(13.0%)
Yes because you'll lose track of it if you don't
10(43.5%)
Yes because it's fake currency that's definitely going to tank
10(43.5%)

Comments

( 3 comments — Leave a comment )
coercedbynutmeg
Sep. 5th, 2019 06:03 pm (UTC)
It's fake currency that will definitely tank, but also you'll lose track of it.
In 2008 or so, I got $25 from ING as a reward for opening an account, which I funded with $10. Other than updating my address when we moved, I never touched it. This year I decided to track it down, and of course, ING was bought out by Capital One years ago, and they were complete dicks when I was trying to log into the account, couldn't verify my identity and wouldn't send a text or email to the contact information on file (though admittedly, the phone number was probably a landline). I ended up just having them transfer it back to the account I funded it with, which I thankfully still have. It was a lot of hassle for what amounted to about $38.

That was a long way of saying that it might be a big pain in the ass to try to cash out the bitcoin, so you might as well do it now while you're thinking about it.
fflo
Sep. 5th, 2019 06:20 pm (UTC)
Okay, you won't retire on it, but why not let it ride? It's not THAT much money. And maybe it'll have another heyday.

But if you could really used the 80 bucks now, get that dough.
andrewducker
Sep. 14th, 2019 12:24 pm (UTC)
Yeah, that was my thought. If it was life-changing money then get it out. Otherwise leave it in there until you'd feel really bad if it vanished on you.
( 3 comments — Leave a comment )

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