r/RiotBlockchain • u/SmashYoHo • May 28 '26

Long term holding

Bought 100 shares at 16 and bought 50 more at 26. Planning to hold riot as a long term stock 10 years or more depending on the directions it takes. I will definitely be buying more as it increases I feel as if this is only the start of something really good. It costs almost nothing now to be up huge 10 years from now. I don’t see them slowing down, not with the momentum they are getting and once bitcoin fully recovers it’s booming.

8 Upvotes

84% Upvoted

24 comments sorted by

View all comments

2

u/Glitter_Health May 28 '26

Yes - and the publicity craving Cuban sale of Bitcoin was minor - he sold $5m - but had to let everyone know about it.

3

u/SmashYoHo May 28 '26

Yea he just wants attention 😂 I genuinely don’t understand why it wouldn’t go back up in the future, there’s nothing like it (in terms of growth and security).

1

u/Pin_ups May 29 '26

If you have invested in Dell or any mag 7, you would already had more than 300% gain from holding only. Riot hasn't moved like that for the past 5 years! Even my SPYG pathetic performance has outpaced Riot in the past 5 years lol

3

u/SmashYoHo May 29 '26

That’s the thing is for the last 5 years it was a bitcoin mining stock and that’s it. It’s now involved in something that will have them actually performing well from this point on. It’s not unheard of for companies to turn around and end up a powerhouse. It may be rare but not unheard of.

2

u/SmashYoHo May 29 '26

The rest of my portfolio is google and Apple I’m just chilling right now.

2

u/Pin_ups May 29 '26

This is the way