Unless you’re orders of magnitude wealthier than I think you are, your exposure to an opaque illiquid minor hard-to-price asset like domain names should look more like $10 than $100,000.
Last I read you said you’d made more money buying bitcoins than you had doing anything else, and you still hadn’t sold any. Has that changed?
Edit: went looking for the comment I remembered reading and didn’t find it, but I did find this comment where you mention advising someone else to diversify out of bitcoins. So that makes me think either a) I misremembered what you said, b) you advised others to diversify, but stayed heavily invested yourself, or c) you had made the claims I remembered, but diversified shortly thereafter. [doesn’t double-tilde do strikethrough?]
Last I read you said you’d made more money buying bitcoins than you had doing anything else, and you still hadn’t sold any. Has that changed?
I have been periodically cashing out small quantities, since you’re right, I’m not comfortable having so much of my net worth in bitcoins. It’s not going very fast, though, since if I sell it all it’ll cause tax problems and I don’t understand taxation at all. (I’m not sure how much I can funnel through Coinbase before I trip various requirements.)
At least all the institutional interest seems to have tamped down on the volatility lately!
Do you have questions that are not answered here? My understanding is that you just pay capital gains. That’s what I did, and the IRS seemed to be happy with my tax return.
Last I read you said you’d made more money buying bitcoins than you had doing anything else, and you still hadn’t sold any. Has that changed?
Edit: went looking for the comment I remembered reading and didn’t find it, but I did find this comment where you mention advising someone else to diversify out of bitcoins. So that makes me think either a) I misremembered what you said, b) you advised others to diversify, but stayed heavily invested yourself, or c) you had made the claims I remembered, but diversified shortly thereafter. [doesn’t double-tilde do strikethrough?]
Edit2: Found it.
I have been periodically cashing out small quantities, since you’re right, I’m not comfortable having so much of my net worth in bitcoins. It’s not going very fast, though, since if I sell it all it’ll cause tax problems and I don’t understand taxation at all. (I’m not sure how much I can funnel through Coinbase before I trip various requirements.)
At least all the institutional interest seems to have tamped down on the volatility lately!
Do you have questions that are not answered here? My understanding is that you just pay capital gains. That’s what I did, and the IRS seemed to be happy with my tax return.