$100k loan YOLO - update 23rd Jan

Original post: https://www.reddit.com/r/Bitcoin/comments/kkj69d/im_putting_10000_from_three_unsecured_personal/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

That 30% drawdown saw my total bitcoin stack fall by $99,000 (From $317k to $218k). That’s a huge sum of money for me to ‘lose’. Especially as bitcoin makes up a very high percentage of my net worth.

However; I’m still up on my investment, my conviction remains as strong as ever, I will not be shaken out, I’m still HODLing! I haven’t decided on when to take profit to pay back the loan. I’m currently thinking around $160,000 BTC.

I’ll post again in a couple of months time. Keep stacking brothers!

Edit: to be clear $99k drop was on my total stack. I used $90k of the loan to buy 3.547 BTC (kept $10k as cash reserve) which is currently valued at $115,600. So I am up $25,600.



Submitted January 23, 2021 at 08:37AM by BitcoinandTesla https://ift.tt/39YytJg

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