EPISODE · Oct 25, 2021 · 18 MIN
Money Mail 76 - 365 days on from my first bitcoin buy
from Keep The Change
Today is exactly one year on since I made my first bitcoin purchase. The $3,300 is now worth $15,100. Pretty decent return, huh? An $11,800 unrealised gain. I haven’t sold it, so as you know, this is an ‘unrealised gain’. It would only become a realised gain if I were to sell & bank the profits (which I would pay tax on). It’s a great feeling. You probably think that it’s a great feeling due to the fact that I’ve made $11,800 on paper? Well, that’s great, but it’s not really about that. It’s more about trusting my instinct, research and then having the courage to do something about it...turning those thoughts into action.Hey thanks for listening! Please take some form of action from this content, don’t just be a consumer, become a producer! Make sure you’re subscribed to Money Mail via Keepthechange.co.nz to receive our weekly lesson on money and financial literacy. Stay close to us on social media and share this with someone that you think this content will help. Together we can collectively improve the financial literacy of New Zealand - let’s get on with it. Find us here:@keepthechange_nzhttps://www.keepthechange.co.nz/ Hosted on Acast. See acast.com/privacy for more information.
What this episode covers
Today is exactly one year on since I made my first bitcoin purchase. The $3,300 is now worth $15,100. Pretty decent return, huh? An $11,800 unrealised gain. I haven’t sold it, so as you know, this is an ‘unrealised gain’. It would only become a realised gain if I were to sell & bank the profits (which I would pay tax on). It’s a great feeling. You probably think that it’s a great feeling due to the fact that I’ve made $11,800 on paper? Well, that’s great, but it’s not really about that. It’s more about trusting my instinct, research and then having the courage to do something about it...turning those thoughts into action.Hey thanks for listening! Please take some form of action from this content, don’t just be a consumer, become a producer! Make sure you’re subscribed to Money Mail via Keepthechange.co.nz to receive our weekly lesson on money and financial literacy. Stay close to us on social media and share this with someone that you think this content will help. Together we can collectively improve the financial literacy of New Zealand - let’s get on with it. Find us here:@keepthechange_nzhttps://www.keepthechange.co.nz/ Hosted on Acast. See acast.com/privacy for more information.
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Money Mail 76 - 365 days on from my first bitcoin buy
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