It’s been an exciting year for the cryptocurrency world, and you may be wondering what 2018 holds for Bitcoin and the crypto market in general. If so, you are not alone – interest, coverage and speculation is at an all time high! A quick look at history provides one view. On January 1st, 2017, Bitcoin was valued at just under $1,000; $998.99 to be exact. That value jumped over 13x to $13,354 as 2018 opened. If you followed this (rather simplistic) line of reasoning, that would put Bitcoin over $175,000 this time next year! But, not so fast – the […]
BREAKING NEWS: According to the website, Bitcoin.com, Israeli Prime Minister, Benjamin Netanyahu, when sitting down with reporters to an off the cuff Q&A at the Israeli parliament’s diner, was asked for his advice whether an individual should invest in bitcoin or not. He answered: “So first of all, why can’t you also sell money? Why not? It’s the same. The reason you can’t sell money is that you are very worried and want a mediating party to handle the risks. Prevent theft, all that stuff. That’s why banks exists. Are banks doomed to eventually disappear? The answer is yes! Should […]
In her final press conference, Fed Chairperson, Janet Yellen, answered some questions today regarding Bitcoin. She stated that she sees any financial stability risk from Bitcoin as “limited”, saying she sees no significant exposure to our core financial institutions due to its price fluctuations. Earlier, when asked about the potential for regulation, she said that the Fed does not consider the impact of Bitcoin to be great enough to consider any regulation at this time. There has been a lot more activity in the Bitcoin and cryptocurrency world over the last few days, and most of it is quite different from […]
Tonight the Bitcoin crossed $10,000 for the first time! We believe this is a significant game changer for the currency. Throughout the day today, the financial channels were covering Bitcoin in great detail. Even some of the previous detractors are beginning to take notice. So what does this mean for Bitcoin investors? Our take is that we will continue to see some significant growth for the near term. Already the Bitcoin Investment Trust (Symbol: GBTC) is trading and was up over 10% today. The CBOE has announced plans for a Bitcoin futures offering in the near future, and the major […]
Things change quickly in the Crypto Currency world. Be sure to read the most recent posts first, as some programs we talk about in earlier posts may have changed or no longer be available.
With Bitcoin prices continuing to rise, you may look at your small portfolio and say, “Wow – how did I get that much?”. Before that time, you really need to take a look at all the latest security techniques to keep your investment safe. Our strategy is to simply continue taking profits off the table. We have investments employed in mining and loaning activities, but we are careful to maintain no more than we can afford to lose in open Bitcoin at any time. This strategy is not for everyone, so if you are concerned about the safety of storing […]
As discussed previously, some Bitcoin investors simply want to accumulate Bitcoin and watch their profits (hopefully) grow. Others, such as ourselves, are seeking to take some of their profits off the table along the way. So we thought it might be a good time to talk about how to go about keeping your Bitcoin profits. We’re pretty optimistic about the currency, but things happen. We’ve always said we would be happy to get our initial investment back, then let profits ride. So that’s what we have been doing to date. So far, we’ve taken about 21% of our initial investment […]