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Seeing all this, I don't think I really have a 'fun' investment, though that does sound like alot of ...well... fun. It seems almost like most of what would be called a "fun investment" is often just a hobby that happens to have the potential for making you some money.
That used to be one of ours. We were pretty regular casino goers for a few years, at least once a month generally. We kind of lost interest after a while. We would still go a few times a year until COVID hit. I'm sure we'll get back to it eventually once things are back to normal.
I did enjoy the little perks that came along with being regulars, like the merchandise giveaways, free show tickets, free hotel stays, free meals, etc. Of course, none of it was actually free but you know what I mean.
Steve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
Weight lifting equipment. Although, I also flip equipment so everything I have in my gym has been paid for by buying/selling other gym items.
That's the way to do it. That used to be my deal with our Disney collection, too. If we saw something we wanted, I'd buy two or three of them (or ten), keep one, and sell the others at a profit which paid for the one we kept and then some.
Steve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
That's the way to do it. That used to be my deal with our Disney collection, too. If we saw something we wanted, I'd buy two or three of them (or ten), keep one, and sell the others at a profit which paid for the one we kept and then some.
It's sort of strange but I probably get more joy out of flipping things than the items I keep. Not sure why. I just really enjoy the hustle of it. Not to mention, there are others you're competing with so it's a big game to me.
Do you have an exit strategy before the end of this cycle or do you plan to hold it for years? Just curious what others are doing or planning to do. I've been in since 2017 between mining and buying/holding. I did take some profit in November of 2020, so my initial investment has already been extracted from my portfolio. My plan is to start slowly scaling out if and when the Bitcoin value hits 100k. If it doesn't happen during this bull cycle, I'm just going to sit on it through the next halving (another four years). If it eventually becomes regulated out of existence (which I don't believe will happen, but some do), so be it. With the initial investment capital already back in my savings account, I think there is way too much upside potential to sell it all or sell it too cheap.
When did you buy it? I want to join this robinhood game of $2500 to $250k race
I personally would not buy crypto from robinhood. I wouldn't buy anything there after the gme mishap, but especially crypto. And that goes for paypal as well. The reasoning behind that is you cannot currently withdraw crypto from the robinhood or paypal platforms. The only thing you can do is sell it for usd, which creates a taxable event. Both companies wanted in the crypto game before they had the proper infrastructure build for it. If you would desire to send your bitcoin from robinhood/paypal to another exchange or to a hardware wallet that you control the private keys to, it isn't an option on those platforms. That isn't important to some people, but depending on the value of your crypto portfolio, there is a time when it's best to self custody your crypto.
Do you have an exit strategy before the end of this cycle or do you plan to hold it for years? Just curious what others are doing or planning to do. I've been in since 2017 between mining and buying/holding. I did take some profit in November of 2020, so my initial investment has already been extracted from my portfolio. My plan is to start slowly scaling out if and when the Bitcoin value hits 100k. If it doesn't happen during this bull cycle, I'm just going to sit on it through the next halving (another four years). If it eventually becomes regulated out of existence (which I don't believe will happen, but some do), so be it. With the initial investment capital already back in my savings account, I think there is way too much upside potential to sell it all or sell it too cheap.
btctony, I'm in it for the long haul (ie, $100,000 per BTC or maybe even $500,000 per BTC), who knows. My initial investment of $6000 is my fun investment to me even if BTC goes to zero, so I'll let it ride.
btctony, I'm in it for the long haul (ie, $100,000 per BTC or maybe even $500,000 per BTC), who knows. My initial investment of $6000 is my fun investment to me even if BTC goes to zero, so I'll let it ride.
That's good. My sister keeps asking me when to buy and all of that jazz. I don't know what to say right now. When I told people to buy during covid, they thought I was crazy. In reality, covid had nothing to do with it, but the asset rode the wave of downturn with the growth stocks. And back up in multiples. Maybe I'm an idiot, but I just don't know if that is possible. Lol.
That used to be one of ours. We were pretty regular casino goers for a few years, at least once a month generally. We kind of lost interest after a while. We would still go a few times a year until COVID hit. I'm sure we'll get back to it eventually once things are back to normal.
I did enjoy the little perks that came along with being regulars, like the merchandise giveaways, free show tickets, free hotel stays, free meals, etc. Of course, none of it was actually free but you know what I mean.
We have not been in 14 month, but hopefully soon! We always joke about the perks, like our $500 coffee pot .
We don't have much in the way of collectables or collections. I collect magnets from all the various cities that I travel to for work and vacation. They are all on the "beer" fridge in the garage. We also collect xmas ornaments from our family vacation locations and have purchased the White House xmas tree ornament for almost two decades. Little mementos of our experiences and I appreciate the intricate design of the White House xmas tree ornaments.
I also have a whole bunch of past their prime running shoes (a "collection" that needs to be tossed in the garbage).
“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.”
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