Beating Buffett Series

I have not been writing for almost past one week. That is due to the stagnant price of bitcoin at around US$613 and all other altcoins lingering at the bottom level, indicating a kind of capital flight out of crypto market.

However in expectation of a bitcoin price rally I sold off most of the altcoins in hand and bought more bitcoins when it dipped slightly to $610 just within the last 24 hours.

True enough, a sudden surge came, minutes ago, to $640.
For those who are speculating, probably it’s a good time to profit take. And for longer term investors, you can expect this to be only one of the few waves that will push the price of bitcoin towards the $700 mark.

Oh by the way if you have enough spare cash and patience, the altcoins are really not that expensive now.

Share this article

Leave a comment

Related Posts


I never celebratedWhen crude oil prices are downWhen stock markets tumbledWhen property prices are stagnantWhen gold prices are falling…But I don’t know whyWhen bitcoin price […]

19 Dec 2018
Beating Buffett Series – 94

Beating Buffett Series So disappointing!With China’s alleged ban and attacks from JP Morgan we were praying hard (to Satoshi of course, who else?) that the […]

16 Sep 2017