Friday, May 12, 2017

Sold my Bitcoin the other day

I sold my bitcoin on Tuesday afternoon. I got around $1780 per coin. That is about a 100% gain on where I talked about it on the blog. I owned some since it was in the high $600's. I may have sold a bit early but it was becoming obvious that froth was entering the market.

I was seeing articles on mainstream news sites and various friends and family that are not sophisticated investors were asking about it. When the average Joe starts showing up that is in indication of a top.

I am still a long term bull on bitcoin but I want to see some of the froth come off and I would be a buyer if and when it has a decent pullback.

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