Viewing a response to: @steemitguide/re-etcmike-re-stephenkendal-bitcoin-usd1k-invested-in-2010-is-now-worth-usd9m-20161224t081413485z
When BTC reaches $1k USD, I may buy STEEM with a portion of my BTC holdings. Once BTC reaches $1k I expect a pull-back to the $800 USD area. That is when I will make more purchases of BTC. Then hold for the upleg that pushes BTC through the thousands to its next level in the $2k area and beyond. To date I am only an investor. I accumulate BTC then use a portion of that to buy STEEM. As I prepare for retirement, I see a benefit in holding BTC and STEEM as a means of diversifying out of fiat. After I retire I will be reversing the flow from STEEM to BTC to USD. I view crypto-currencies as another way of diversifying my portfolio in addition to stocks, bonds, real estate, gold, and silver. At this time crypto-currencies represent a small percentage of my overall portfolio. That could very well change if BTC takes off next year (2017). Have a very Merry Christmas! Steem on, Mike
| post_id | 1,616,105 |
|---|---|
| author | etcmike |
| permlink | re-steemitguide-re-etcmike-re-stephenkendal-bitcoin-usd1k-invested-in-2010-is-now-worth-usd9m-20161224t083404248z |
| category | bitcoin |
| json_metadata | "{"tags": ["bitcoin"]}" |
| created | 2016-12-24 08:34:03 |
| last_update | 2016-12-24 08:34:03 |
| depth | 3 |
| children | 1 |
| net_rshares | 250,454,906,106 |
| last_payout | 2017-01-24 00:06:48 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 SBD |
| curator_payout_value | 0.000 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 899 |
| author_reputation | 524,807,460,249,773 |
| root_title | "BITCOIN: $1k invested in 2010 is now worth $9m ..!!" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| etcmike | 0 | 249,933,242,640 | 100% | ||
| steemitguide | 0 | 521,663,466 | 1% |
It sounds interesting, i was planning to do so at around 1k usd as well. The price of STEEM is just right to buy ! Always good to hear from you! Have wonderful holiday my friend! Feel free to visit Penang here in Malaysia where i run a Guest House, would like to meet the friendly Steemians out there!
| post_id | 1,616,165 |
|---|---|
| author | steemitguide |
| permlink | re-etcmike-re-steemitguide-re-etcmike-re-stephenkendal-bitcoin-usd1k-invested-in-2010-is-now-worth-usd9m-20161224t085452444z |
| category | bitcoin |
| json_metadata | "{"tags": ["bitcoin"]}" |
| created | 2016-12-24 08:54:51 |
| last_update | 2016-12-24 08:54:51 |
| depth | 4 |
| children | 0 |
| net_rshares | 0 |
| last_payout | 2017-01-24 00:06:48 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 SBD |
| curator_payout_value | 0.000 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 301 |
| author_reputation | 35,390,678,500,126 |
| root_title | "BITCOIN: $1k invested in 2010 is now worth $9m ..!!" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |