iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,431 Blog Posts

Cleaving Some Positions — Making Way for Future Greatness

I’m not expecting much action today, due to government shut down fuckery. I took this opportunity to cleave some positions that weren’t working, such as BBG, SND, and XON. I haven’t done anything with the proceeds and might decide to leave it in cash over the weekend.

The major cryptos are slumbering, but the alt-coins are shooting higher. Right now, all I like are storage related coins. I like them, not because it’s all I know, but because it’s all I want to buy now. My favorite is STORJ.

I’m actively scouting for some new idea — perhaps a quick trade before the day is over.

More on that later.

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3 comments

  1. edge

    Not much pop in the market today. I have quite a bit of cash, might raise some more. I think that the possibility of a shutdown big enough to do damage is quite high. Maybe not 50%, but worth noting.

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  2. Marc David

    Why STORJ and not SC? I liked the idea of SC better and that they didn’t accept standard payments. Making it seem highly secured and harder to trace.

    Now that I’m on an exchange after a month. I’m with you on this ride.

    But I’m an XRP and BCH holder at the moment.

    Your thoughts on this crypto ride are appreciated. Thanks Fly.

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  3. mad marsupial

    No matter how much they shut down, you should still be able to trade on Obama-phones.

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