What to do now if your trust fund is in Bitcoin

[mahatmakanejeeves]

What to do now if your trust fund is in Bitcoin

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[SoCalDavidS]

1. Just Ride It Out

It will probably come back, just like everything else.

I don't have anything in bitcoin or any other digital currency, but given the amount of money being thrown to that industry, I'm sure it will eventually turn around.

If you're living off that money NOW, then it might be a problem.

[Metaphorical]

2. If you have a trust fund in Bitcoin, you're doing it wrong

Bitcoin, and for that matter any ICO, is still a very speculative currency, so much so that I suspect shocks like this week will be a feature of BC for quite some time to come. As someone who follows currency speculation fairly closely, understand that the total amount of money circulating in Bitcoin is about the size of the currency positions of small banana republics, which are also extremely volatile if they haven't specifically pegged to broader currencies like the US Dollar, the Yen, or the Pound. Frankly, you'd have to be insane to invest heavily in BC with something that you rely on for day to day expenses, because given the size of the positions involved, you can go broke really fast.

[ret5hd]

3. What to do now if your trust fund is in tulip bulbs.

[pnwest]

4. Oh shit, I just startled everyone in the office

laughing way too loudly at this 🤣

[ret5hd]

5. Good excuse to go home early.