My Long-Term Positions I Took On Bitcoin Back In 2020

In this video, I go over the long-term positions that I took on bitcoin back in 2020! You get to see how much I made or even how much I possibly lost, during bitcoin's great spike! The review is a follow up from one of my previous videos where I go into detail about which specific investments I am making, and why. Enjoy! Feel free to follow me on Instagram as well: @Nickbarner_

Here is the link to one of my previous videos, where I go into further depth about my thoughts on the initial cryptocurrency investments:
https://www.youtube.com/watch?v=_lHwkfIkTLo

The majority of the video linked above is me attempting to day-trade bitcoin. However, midway into the video, I decide to branch out and make a couple of side investments into two bitcoin sympathy plays that are available on the OTCMKTS or the Over-The-Counter Markets. We nickname them "sympathy plays" due to their correlation with bitcoin. For example, if we were to see bitcoin spiking big, then we would also most likely see these stocks spike big as well.

Anyways, I put $500 into each one of these stocks ($BTCS & $BTSC) in anticipation for a great spike following bitcoins price momentum and hype. After a few months, I decide to check back in on the stocks and turns out my prediction was correct! The stocks spiked huge, however, I had some very tragic news about my positions.

I had sold both of my positions right before the stocks took off. $BTCS spiked all the way up to $3.24, which would've given me a $3 PROFIT on each share I had (2,173 shares) if I had only held my position. $BTSC spiked all the way up to $0.172, which doesn't seem like much, but from my initial entry of 25,000 shares at $0.02, that's a lot of money left on the table.

All in all, instead of making a whopping $10,340.73 PROFIT, I actually took off both of my positions for a loss of $358.09. But what's done is done, I can't change the past and have to learn my lesson and move on.

Yet, since I released the video on me trying to day-trade bitcoin, I've gotten a lot of questions regarding my thoughts on bitcoin and cryptocurrencies in the future. And here's what I believe...

With grand businesses like Goldman Sachs Group offering new bitcoin derivatives to Wall Street Investors, Apple Inc. & Paypal accepting all sorts of cryptocurrencies as payments, and even Kevin O'Leary making 3% of his entire portfolio consist of bitcoin, leads me to believe that cryptocurrencies may not just be a fad. But something that we very well may see be adopted into our society in the near future. So hold onto your hats and we'll see what happens!

Thank you so much for taking time out of your day to watch my video(s). You have no idea how much it means to me. I hope I can inspire more of you to go out and gain more experience on different ways of earning money. And if you haven't hit that like or subscribe button yet, then feel free to do so! Besides watching my video(s), that is another thing that helps small creators, like myself, grow through the Youtube algorithm. Thank you again, until next time!

Goldman Offers New Bitcoin Derivatives to Wall Street Investors Link:
https://www.bloomberg.com/news/articles/2021-05-06/goldman-offers-new-bitcoin-derivatives-to-wall-street-investors

How to Use Cryptocurrency with Apple Pay Link:
https://www.makeuseof.com/how-to-use-cryptocurrency-with-apple-pay/

More companies, including PayPal and Xbox, are accepting bitcoin and other cryptocurrencies as payment Link:
https://www.businessinsider.com/more-companies-accepting-bitcoin-cryptocurrency-paypal-starbucks-2021-4