Back in mid May, I disclosed my investment into Bitcoins. I got an overwhelming response of silence and lack of interest. I absolutely love when that happens.
Over these last few days, I’m catching more than the occasional question about this badass idea that everyone passed over. Folks asking about the purchase, where to get an account, or asking my thoughts.
Therefore, it’s nearly time to sell my coins to those that are interested. Since my basis was just under $450, I’m happy with the time spent. Here’s the chart I posted in May:
Here’s an updated version:
damn it feels good to be a gangster
I’d wait for the blow off top which has still a long way to go. Those Chinese haven’t gone Vancouver yet. Chinese were paying $10’s of millions for shitty homes to get their money out of China. You think this will reverse at $1,100? I don’t.
I bought more GLD puts here – chart looks similar to October 2016
Biotech and China working today.
Nice day for ATI…..I think we have already seen the bottom for them.
Not all of us missed the BTC ride. https://ibankcoin.com/en1gma/
I’m going to reverse myself here and say buy GBTC. I’ve been railing against buying a Bitcoin ETF in favor of holding Bitcoins but it may not be feasible for everyone. Some exposure is better than none.
We’re about to reach parity with Gold on Coinbase. That’s a big milestone. OA, I think we’re clear through to $1400 with a pause and possible temporary pullback before $1200 is breached.
I suppose my point was the price. $450. Nice win.
Nice win OA, your concept of ‘lack of interest’ is a great one.
Golf clap Jeff, well done. Still holding.