As for what I'd do, just sell enough to cover initial investment. Bitcoin doesn't look like it's slowing down just yet.
Like damn. If I'd have stuck to it and generated even 9 bit coins that's a life changing amount of money
There are many other coins you could invest in right now for little money. None will top BTC most likely (although you never know), but there are plenty of others than have generated a great return. Feel free to hop on over to the GAF crypto thread:
kinda wish i got into bitcoin in its infancy
Bitcoin just went up a good amount today, so it will probably correct a little, then go up even more, then correct quite a lot more. Do you want to risk losing 30% of its value for a chance at another 10-20% gains in the short term? Then hold a bit more. If that is too risky for you, then sell now. If you want $10k Bitcoin, and don't care what happens in between, then keep holding and don't look at it for 6 months.
Couple seconds. You typically sell to a digital wallet maintained by the site that you used to purchase your currency.
How long does it really take to sell a Bitcoin let alone 9?
To get the money into your actual bank account... eh, 3-5 days give or take. Depends on where you live and what method you're using. Some sites can do it faster than others.
Even worse, my boss back then was BITCOIN OBSESSED. That's all he talked about. "It's the future! It's the future!"
The amount of people like me who knew about bitcoin in its infancy but didn't buy any feelsbadman. Knew about them in like early 2011 but was only like 15 then so didn't have any money because I'd spent it all on games and shit, said I was gonna buy some when my birthday hit because it sounded "cool", never did because when my birthday hit they were like £20 each up from like £2 so I was like fuck that it isn't worth it.
Same investors holding 90% the outstanding shares?
You'd be crazy to sell but that's just me. There is no reason at all to think that this will be as high as BTC gets.
Most crypto investors will tell you that the whole crypto industry is just starting out. It's still the beginning, so it's certainly not too late. You don't have to pay $5000 for 1 BTC in order to invest in crypto.
Of course they say that. They need patsies to buy in so they can cash out. That's your volatility there.
That and the standard "If only I had invested in it when it was only $X amount, I would be rich" posts that will probably never stop haha.
I'm Canadian. Still bad math on my part but that's why I'm in the murder for hire business and not an accountant.
I am pretty sure the correct response is to hodl.
Uh, 9 * $5,000 is $45,000. I'm guessing you must not realize what the current exchange rate between GBP and USD is
Yikes, I didn't realize hit man fees were so low these days. Killing people isn't ok. :/
To the OP, sell. You can always reinvest a quarter of it if it crashes later.
*burns journalism degree*
Yeah, I think I might right now too!