I’m not going to rehash my history in Bitcoin – as it’s so public, and painstakingly detailed in dozens of articles. But suffice to say, I started very publicly recommending it in January 2016, whilst still Marketing Director of a major bullion dealer – whilst equally publicly acquiring it, at an all in cost below $1,000.
I then become so well-known for my enthusiasm, I was forced out of the Precious Metals industry just as I was selling my remaining bullion for Bitcoin – whilst starting my own cryptocurrency business, and becoming a well-known crypto commentator on the World Crypto Network, Twitter; and my website, cryptogoldcentral.com.
As one of the older Bitcoiners – rapidly approaching 50, with my daughter’s future to protect – I consider my financial future as much as anyone. Thus, when the “Hoffman Line” broke in November – then, at $5,800 – I sold my BTC for dollars, to ensure my financial goals.
Having Bitcoin Rhodium made the decision easier, given my extremely strong belief in its future (though at the time, it was not yet publicly traded); but in a nutshell, my Bitcoin sale was nothing personal, just business - which I painstakingly discussed in many articles, in the extremely transparent fashion I am well-known for.
Afterwards, the price fell to $3,000, and the outlook for Bitcoin Rhodium’s future dramatically improved after its MainNet launched in late October. Moreover, the incredibly MWC project fell into my lap in January, and Bitcoin resoundingly re-took the Hoffman Line in May – equally resoundingly defending it shortly after, when it fell to EXACTLY the Hoffman Line in the wake of the Binance hack.
Since then, it has had a parabolic surge, followed by a typical, Bitcoin-like correction – as we speak, to the key round number of $10,000. Given that my faith in its future was never in question – whilst its fundamentals and technical outlook have dramatically improved; at the same time my expectations for Bitcoin Rhodium and MWC soared; I decided to re-enter Bitcoin today, for the first time in seven months.
Not in the size I held before, as I am still very mindful of my risk profile – whilst being more confident than ever that XRC and MWC will grow at least as strongly as BTC, percentage wise. However, given my steadfast belief in Bitcoin’s future – not to mention, the ability to claim FREE MWC with it before the July 19th snapshot, I am BACK in Bitcoin today…likely, for good!