Friday File: Bitcoin, Volatile Week, Two Sells and a Buy

by Travis Johnson, Stock Gumshoe | December 1, 2017 6:47 pm


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Adding a new position to the real money portfolio, plus notes on bitcoin, Lexagene, Blackbird, Trek, PCSB Financial, Coresite, Maverix Metals, Naspers and more...

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Source URL: https://sgumdev.stockgumshoe.com/2017/12/friday-file-bitcoin-volatile-week-two-sells-and-a-buy/


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πŸ‘ 15112
gumjax
gumjax
4 years ago

Not sure why with Bitcoin, etc., investors with gigantic gains would not just pull out their cash investment plus a modest return and let the rest ride unless they need the money. The potential upside outweighs the risk of losing paper profits, IMO. For my part I’m letting it all ride and won’t shed too many tears if I lose it. There is real shared value in faith, freedom, and independence from central banks, but yes, it may evaporate quickly under certain circumstances.

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xoomoon
xoomoon
4 years ago
Reply to  gumjax

Youre not going to sell half of bitcoin?

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SoGiAm
4 years ago

#TJ, Keepin’ Up wiff U is a ft job, in and of itself. πŸ™‚
Really enjoyed the light blue font against the forest green links this early a.m.;
seemed to have a calming effect, eazy on the eyez & quite professional in appearance, #imho.
Everyone knowz, I’m addicted to this fine Gummunity; perhaps I should consult Rick πŸ™‚
Have some wonderful holidays and beyond all! Best2YOU SoGiAm, @H0U3 #zKSS

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arch1
4 years ago

Travis The cumulative total f TU under the avatar is not changing with new TU

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pschelker
4 years ago

Travis — instead of Naspers as a backdoor to Tencent why not buy TCEHY directly
like I did this week for around $48+ per share (down from $53+) ?

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SoMuchMass
SoMuchMass
4 years ago

One interesting note about Boston Omaha is that one of the heads is the grandson of Warren Buffet himself.

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jplpbp
jplpbp
4 years ago

have you heard of debt jubilee and what would you think a stock stagity should be??

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jwjamieson323
jwjamieson323
4 years ago

So now Porter Stansberry is pushing his new book “American Jubilee” and predicting a near-term total debt forgiveness in America apparently to be financed by taking away everybody’s 401(k) and cash savings accounts. Of course, the sky is always falling at Stansberry Research. Any thoughts from the Thinkolater?

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archives2001
archives2001
4 years ago

Travis, the ‘Jubilee’ doesn’t have to be 100 percent. A Jubilee Reset could be a 20 or 30 percent ‘haircut reset’.
Or the reverse in the form of ‘Helicopter Money’ per Beernanke.

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RKD2
RKD2
4 years ago

Travis – are you familiar with BLKCF (Global Blockchain Technologies Corp)? It seems like a purer way to invest in the blockchain technology, though they do have some selective cryptocurrency exposure. Jim Rogers is on the advisory board. I’ve been watching for while but will likely wait for the cryptocurrency hype to fade a bit. However price action does seem detached from the recent bitcoin runup. Company site is https://globalblockchain.io. Interested in your thoughts, thanks.

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chrisbeavan
chrisbeavan
4 years ago
Reply to  RKD2

chrisbeavan

Travis – I’m very curious to hear your answer to the above BLOC.V

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archives2001
archives2001
4 years ago
Reply to  chrisbeavan

Me three Travis!

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dkandt
dkandt
4 years ago

Hi, where do we find the “Topic Pages”? I just looked at the dashboard at the top and don’t see any links. Thanks.

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danielj1960
4 years ago

What is the best way to short bitcoin? Any ideas would be appreciated.

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Jay Ram
4 years ago
Reply to  danielj1960

By not doing it. That’s like the reverse of catching a falling knife. I simply place limit buys around $10-12K and sells around $18-20K and capture the difference. Also keeping something less than 1% of my net worth in it.

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bluesharpbob
4 years ago

VERY interesting article about Bitcoin by Robert Shiller in the NY Times.
https://www.nytimes.com/2017/12/15/business/bitcoin-investing.html

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lottifab
4 years ago

Hi
is someone interested to discover what is the:
‘Cryptocurrency β€˜MASTER KEY’
that is being claimed by Navellier newsletter ..?

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archives2001
archives2001
4 years ago

Travis, u mentioned that u sold your Bitcoin. I’m curious to know how you monetized it. Did u actually gt cash for it or trde for something else like gold or ? If u got cash, I’d love to know the procedure.

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