RE: buy more or not?16 Feb 2021 12:21
nordell, maybe you should have sold them all.
My money is on corporate America having serious fomo. No FCO wants to be asked why he missed out on the biggest fiscal shift of the 21st Century, when Tesla, Morgan Stanley, JP Morgan were all screaming bitcoin. Even if it isn't he $1.5bn of Tesla, just take a hundred million here, a hundred million there and fairly soon, you have a lot of cash going into bitcoin.
PLUS, the hundreds of thousands of John Does, most of whom don't invest in stocks, all see bitcoin marching to $50k and beyond.
I'm selling a house right now. The viewer told me he had made about $1k per day, trading bitcoin, then the estate agent pipes up that he also trades it. Bitcoin has gone mainstream, now talked about on the BBC and, wait for it, Classic FM!!
anyway. good luck getting back in!
ATB