My grandson has just made £500 on crypto, he’s talking out the £500 and leaving the rest in until it hits a certain level and take some more out.
Probably done the right thing. Might not see such wild swings in cyrpto now that the bitcoin ETF's are available. Ultimately if he can get his initial investment back and leave some money on a free ride it's stress free investing / gambling.
Except it probably isn't as you'd be constantly looking at the lastest value and wondering if / when to take profit etc! But yep, probably a sensible move as at least it's a free ride from now on.
Here's a update on the £1k portfolio. We're miles a head of where I thought we be. Currently we're 189.8% up.
I've just seen an old mate ranting on LinkdIn about losing €55k in Bitcoin and Dogecoin, taken out of his Coinbase account without his knowledge. It seems his computer was hacked (or his phone) so Coinbase aren't interested and have blamed him, despite him having 2FA set up, which was clearly bypassed somehow to access the money (which has ended up in an untraceable account in Belize).
Added to my watchlist, it can be tricky catching a falling knife. The children's baby milk formula court case and potential compensation claims and poor results have hit the share price hard, 20% share price drop is a big hit but a possibly a good buying opportunity ahead.
If people Are expecting the same rise in the price that happened in 2020 with the halving they will be disappointed it isn't realistic
