Maybe it's just a different story when we talk about bitcoin, I think for now exit strategy is not the thing for now since we could expect a lot of companies to also invest in bitcoin, or expect for the market price to pump.
When you buy bitcoin it will be for long-term investment, for now, it's all HODL since we are still in the process of growing bitcoin.
And I think exit strategy is just useful in altcoins since that is where you could expect a big drop down in the market price after a few months or years.
Thanks for the advice. Maybe moving some of the altcoins into Bitcoin is a better strategy than completely exiting crypto to be fair.
I've got Argo Blockchain too in my ISA... but I'm a bit leery of them as they made 1800% profit this year already. I'm up about 150% already this last month or so though. I also tried doing a little bit of trading with them depending on the Bitcoin price, but the bid/spread price range is too great (I can't remember what sort of factors would cause that). It doesn't seem to follow the Bitcoin price directly either. There are probably lots of professional traders playing that one.
I'd say if you can, complement it with some real bitcoin through Coinbase. Don't forget you get a £12k CGT allowance on profits you make e.g. if you bought bitcoin at 10k and sold the lot at 21k, you still wouldn't pay tax.
Also, there are 2 new Canadian ETFs which hold physical bitcoin out this week. You obviously pay a bit of a charge on them though. You might soon be able to buy them in your ISA.
Thanks. I'll take a look at KR1
Fair play. I only got on them recently but have tripled my investment since. I'm guessing that's why it didn't really go up on Friday along with Bitcoin but hoping that was just a little consolidation. Apparently there's a good chance that there could be an announcement that they will be going on the Nasdaq coming some time in the next couple of weeks so I'm gonna stick around. Thanks to Argo I'm well over the £12.3k threshold now, just hope it stays that way
I follow KR1 on stocktwits as KROEF. You do get a lot of people who are overly bullish posting there but you can find some good resources from some of the posters.
https://stocktwits.com/symbol/KROEFhttps://www.reddit.com/r/pennystocks/comments/lmnxez/kroef_defis_first_etf_multibagger_stock/?utm_medium=android_app&utm_source=share