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RE: TIB: Today I Bought (and Sold) - An Investors Journal #172 - Reinsurance, Swiss Interest Rates, Bitcoin

in #investing7 years ago (edited)

I have learned not to try to predict price. I am not trading as if there is another leg down coming. But I do not have a stop loss in place if one comes. I have a lot of margin in the account.

We may be getting to a key point in the life of Bitcoin. Other coins are providing better ways to make payments. Other applications are adding more value to the payments facilitation. As the world finds these avenues, Bitcoin use will flatten out.

Example, my last two new exchange accounts opened, I funded using ETH. I did all trades into other altcoins using ETH. Business lost to BTC purely because their payments infrastructure did not hack it.