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In response to
"No worries. I am going to try and learn some too. -- nm"
by
Strongbad
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This day is getting away from me. It's time for the podcast and then my family is visiting for dinner.
Posted by
David (aka David)
Oct 8 '22, 11:58
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The gist is that you should only cash out if you believe that price of Bitcoin is accurate or likely to go down. It's at $19,500 today, which approaches a multi-year low in the $18k range.
What's become clear is that Putin and his techs were propping up the price of crypto as a way of money laundering. You may feel that 10% of a bitcoin isn't much of an investment. If so, I'd advise cashing out.
If you think the price is more accurate at $50k plus, your invest would go up by 150 percent or so. However, we're still only talking about $2k vs. $5k. So, if you have immediate use for $2k, I'd suggest cashing out.
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