Archive for posterity: Sold a little more fractional Bitcoin shares

Posted By on February 18, 2021

Almost 1 year ago, I started to use the Chromium-based Brave Browser and an Uphold account to receive the BAT (Basic Attention Token). I convert to Bitcoin along with the income generated on MyDesultoryBlog.com … which currently seems to be the digital currency of choice; I really did it just for the fun of it and learn.

Bitcoin210217

In the autumn of 2020, as Bitcoin prices climbed, I decided to cash-in (convert to USDs) what I “earned” and keep only the gain in Bitcoin – known as using the house’s money (I haven’t added/purchased any new cryptocurrency since).

This week as the price of Bitcoin surged again, I decided to sell half of what was left and ponder in amazement the moves in Bitcoin. How high will it go before people once again sell it and capitalize on the shocking move up? (a reminder, unlike company stock which can reward shareholders as the company grows,

BitcoinChart_Mar2020-Mar2021

The amateur economist in me wonders if this is move out of dollars to Bitcoin (a modern day precious metals) is a reaction to inflation fears, but I’m not really sensing this new breed of crypto trader is doing anything more than speculating?

Comments

Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.
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