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Morningstar

Never selling': I'm 47 and buy bitcoin with every dollar I earn. Am I crazy?

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Never selling': I'm 47 and buy bitcoin with every dollar I earn. Am I crazy?
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A Moneyist reader says she is 47 and buying bitcoin with every paycheck, aiming to retire “in the next couple of years.” Writing under the name Connecticut Stacker, she reports holding 2.5 bitcoin and not selling, having started purchases when BTC was $104,000 and continuing down into the $58,000s. She describes rerouting each paycheck so bitcoin is bought before paying bills, including the recent need to buy a car, which she says used “spare dollars” rather than interrupting her buying routine. In response, the columnist says the behavior may be driven by conviction rather than “crazy,” but stresses there are no guarantees and points to the risk of buying at higher prices. The column also notes bitcoin has been reportedly used by bad actors and advises that diversification matters.

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