Taking Profits

Rosina, one of my many followers

Today was Pension Board Day, I made some bold decisions that I will have to keep an eye on. I am really floating free now.

I may not have mentioned it, but I was locked out of my XBT dashboard for a day due to this new computer. The crypto-currency is on the rise. It's already gone up $10.00 since I took my little profit, but I'm not mad... even with the fee... that went up. (I think the fees go up as the value of the coin rises, they got to stay in business too, but 1.5+% is kind of hefty for a coin that doesn't have universal value... yet.)

I originally bought it as a hedge against the dollar, but the USD is up to 103.50 cents as I write this. So both the dollar and Bitcoin are going up... simultaneously?? So what's gold doing??? Holding steady... about $36/g.

I don't get it. But the money people say it's not difficult to figure out. The traders and trading coaches say don't get involved personally... come up with a formula and stick with it. Buy low and sell for a profit and cover the spread... and pigs get slaughtered. I took out just under half of what I "made" in Bitcoin, which will pay for a night in a Castle in Dublin during my friend's wedding. That's not a bad thing.

Did I mention the credit/debit cards?? I was going to get one from Bit Pay, but if I have one that's backed by gold, one supported by Pay Pal and one in USD that doesn't charge me fees to extract currency around the world, why should I pay a fee for an XBT debit card?

There's another rule the world taught me - don't spend more than you attract - that goes for both money and energy... which are basically two forms of the same element, like steam and ice.

While I was trying to sleep last night the idea came to me - Bitcoin is on the rise, I basically made a week's pay playing with Bitcoin, which is just a little more than an ounce of gold; so why not cash in the XBT and buy some GLD? It's like a gift. But I'll have to wait until tomorrow, I moved some assets around and the only way I can keep up with them is by writing it down.

I have to put my itinerary... or at least my proposed itinerary on here at some point. Perhaps tomorrow.

Okay, buddy. I'm out.