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?
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11 sats \ 1 reply \ @denlillaapan 17 Nov
Nice! Should have done it years ago.
Now, perhaps just keep as a physical hedge etc.
Or maybe trim half the holdings or something
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10 sats \ 0 replies \ @SNisgay OP 17 Nov
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.
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11 sats \ 1 reply \ @000w2 17 Nov
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.
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0 sats \ 0 replies \ @SNisgay OP 17 Nov
Some bullion, some coins. Thanks for the advice.
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11 sats \ 3 replies \ @grayruby 17 Nov
Why did you buy the silver? As an investment, a hedge or insurance?
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40 sats \ 2 replies \ @SNisgay OP 17 Nov
Investment. Already made back my initial cost by selling some, so all I have now is risk free.
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21 sats \ 1 reply \ @grayruby 17 Nov
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.
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20 sats \ 0 replies \ @bren 17 Nov
Same here.
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0 sats \ 0 replies \ @DarthCoin 17 Nov
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