/biz/ - Business & Finance

I fucked up. Bitcoin isn't going to hit $36k in January 2019, it's not until January 2020. That means RIOT won't hit its $175 peak until then. In the mean time, it's going to reverse split then it's going to split almost back to its original state. So the best price to buy is going to be like $2 after the reverse split. There is plenty of volatility to make great money in the mean time, but ultimately the best move would be just to hold until $175 in January 2020. With the reverse split and the unreverse split, it's basically like you bought at the equivalent of $0.30 and sold at $175. I'm pretty sure there's more than a year between the bottom and top, so you even get to use long term capital gains tax. That is unless $2 doesn't happen until after December. I don't know when exactly it's going to be, I just remember that around November-February is absolute hell for Bitcoin, so $2 RIOT is bound to be somewhere in that range.