iBankCoin
Joined Jan 27, 2008
7,350 Blog Posts

Checking in On The Bitcoin

I don’t know what draws me in to bitcoin, but I find myself having an interest on what the digital currency is doing. At one point in time, I owned a bunch of these coins from $60 and rode them to $500 and proceeded to take my profits. I missed this epic move to $1000 and was shocked to see it get so high.

Once the price came back to reality, I took another position, albeit small, around $180. I plan on keeping these coins as a memento.

I bought the coins using coinbase which at the time seemed to be the safest place. I recently found an ETF that you can trade to have exposure to these coins, symbol GBTC.

Screen Shot 2015-11-09 at 10.23.48 PM

Yes bitcoins are for morons. I actually agree with that statement, but I do enjoy watching the price action.

Here’s a look at the latest chart, which is consolidating this recent move from $500. We either break higher or breakdown from here, which will kill any momentum there is. I don’t have enough skin in the game to care either way.

Screen Shot 2015-11-09 at 10.06.22 PM

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One comment

  1. Marc David

    Wow!

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