So I have about 10% of my holdings in silver, and 90% in Bitcoin.
I'm thinking about selling the remaining silver (100% profit) and buying Bitcoin.
Wise or foolish? What would you do?
11 sats \ 1 reply \ @denlillaapan 6h
Nice! Should have done it years ago.
Now, perhaps just keep as a physical hedge etc.
Or maybe trim half the holdings or something
reply
10 sats \ 0 replies \ @DJGuy OP 5h
I know right? I had silver before Bitcoin. Once I got into Bitcoin, I kept silver just to be safe, in case Bitcoin lost value. Looking back it would have been much wiser to just hold Bitcoin instead!
I think I will convert about half of it into Bitcoin. I still like having my old US silver coins. They're fun to hold and look at from time to time.
reply
11 sats \ 1 reply \ @000w2 6h
Is the silver in the form of coins? If so I would keep some. You'll be at 99% bitcoin soon even if you don't sell it.
reply
0 sats \ 0 replies \ @DJGuy OP 5h
Some bullion, some coins. Thanks for the advice.
reply
11 sats \ 3 replies \ @grayruby 7h
Why did you buy the silver? As an investment, a hedge or insurance?
reply
40 sats \ 2 replies \ @DJGuy OP 5h
Investment. Already made back my initial cost by selling some, so all I have now is risk free.
reply
21 sats \ 1 reply \ @grayruby 5h
As an investment I would rather have Bitcoin. If you had bought it as insurance in case the world goes to shit and we are thrown back into the dark ages I would rather have gold but silver will do and would keep it in that case. I stacked gold and silver prior to finding Bitcoin and I haven't sold any of it but I haven't bought more either.
reply
20 sats \ 0 replies \ @bren 5h
Same here.
reply
0 sats \ 0 replies \ @DarthCoin 7h
reply