This Is The Best Advice You Can Ask For If You’ve Invested In Bitcoin

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When you consider how hot it is right now, Bitcoin is essentially the Hansel of the investment world. At the time of this writing, the cryptocurrency has had an increase in value of over $9,000 over the past month (but when you consider how finicky it can be, there’s a chance this statement might be $3,000 by the time you read)

While plenty of people are bullish about the cryptocurrency, it’s no secret that it’s incredibly volatile (some investors have equated it to gambling despite the fact that the house doesn’t always win in this instance). It briefly lost 15% of its value last night after the Coinbase— which is currently the most popular trading platform among the masses and which I spend far too much time on each day tracking market fluctuations— announced it would allow investors to bet on Bitcoin Cash, which saw a sudden 50% surge before trading was suspended.

If you’ve invested in any cryptocurrency in the past few weeks, you’ve probably seen some gain on your investment, and if you continue to hold (or should I say HODL), there’s a chance you can recoup your money and more.

Allistar Milne is a British entrepreneur and investor who managed to cash in on the dot-com bubble before it burst, which means he’s no stranger to the nuances of the free market. He was also an early investor in Bitcoin— which I assume means he has more money than God— and he hopped on Twitter yesterday to offer some sage advice to people who have already made money on the cryptocurrency (in addition to those who might profit in the future).

As tempting as it might be to let it ride, it’s worth reflecting on whether or not you want to be the person who spends the rest of their life looking back about could have been as the result of a potential crash.

 

Connor Toole avatar and headshot for BroBible
Connor Toole is the Deputy Editor at BroBible. He is a New England native who went to Boston College and currently resides in Brooklyn, NY. Frequently described as "freakishly tall," he once used his 6'10" frame to sneak in the NBA Draft and convince people he was a member of the Utah Jazz.