This year I have been making money riding the digital currency rollercoaster on the stock market!
"Bitcoin Golden Rollercoaster" Art by Me (Nick Thompson) View Large Image Here
So I decided to start a Bitcoin / Stock Market Blog!
The digital currency explosion is happening right now and is creating vast opportunities to make money!
Trading is a way of seizing these new market opportunities and converting them into generational wealth. A safe and simple money making strategy I am using to achieve this goal is investing and holding Bitcoin through funds and stocks on the stock market.
The simplest way to purchase Bitcoin on the stock market is through the symbol GBTC.
GBTC is an over the counter stock, each share represents .10 BTC , and .10 BCH. There are some risks with GBTC, the cost is a lot higher per Bitcoin, if a competing ETF were to arrive the price of GBTC would gravitate closer to the actual price of a Bitcoin! No one knows for sure, or if anything will happen, so for now as long as the price of BTC keeps going up the risks should become mitigated. If you get worried, then you can always cash out, I did at one point around $3000 a coin on the stock market, which then turned into one of my best moves last year when I picked up a big chunk of steem at 8 cents! The timing could not have been more perfect, I made my move, the whole thing worked out so well I decided to do it again, but with more money this time!
More Money Means More Profits!
Another stock I picked early this year that turned out to be a real winner is BITCF. When I first found it , it was a little over 30 cents.
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The next time I checked back it had gone way up to three dollars! Since it has dropped a lot, however I just picked up a little more on the dip. It reminds me of trading cryptocurrency, which really translates well for trading on other markets. This is a risky stock, however this small stock could turn out to be another JP Morgan of the Future!
Stocks led me to Bitcoin, Bitcoin led me to Steem, and steem led me to EOS & IOTA!
After holding stocks for a long time it helps me to step back and see the big picture.
The screenshot below shows some more stocks that have appreciated over time, and well as a few that have not!
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As you can see from this portfolio, I have made some mistakes too, i.e. MACE, Roboserver, along with a few no name sub primes from 2008 at the far bottom! You can see all the little leftover fractions from old dividends from trades. Eventually I may trade them all away one at a time, but they don't bother me sitting there for now. There have been a few losses over the years, but in the end the gains far surpassed them, and the DOW!
This week I did a lot of trading. Here is a snapshot of the weekly activity.
More Original Bitcoin Art " Bitcoin City Scape" by (Me) Nick Thompson view larger image here