Anyone who bought into pretty much any of the top 3 crypto coins (by market cap), should have come close to doubling their money over the past month, as Bitcoin/Ethereum/Litecoin have all had outrageous gains. Bitcoin is up 149%, Litecoin is up 419% and Ethereum is up 127% as of this writing (12/18/17).
Today, though I surpassed the $10,000 mark on total value of all of my 5 crypto coins, combined. I started with my first purchase in June, and have amassed nearly $3,000 in capital across 5 different coins over the last few months and just broke $7,000 in profits. If you watch the price of crypto’s, you’ll also know that all of these gains can be wiped away in a matter of minutes, but for now, I’ll enjoy the view from up here!
I don’t have any sense of a timeline as to when I might sell, but 10k is looking mighty easy to reach now. If 2018 can realize even half of what 2017 brought to cryptocurrencies, We all could be sitting on a very nice pile of cash.
Invest on, and don’t go run up your credit cards to go out and buy bitcoin. Although, I admit I may have borrowed some bank money to fund my crypto-piggy bank, but always have the capital to pay off your card before the billing cycle ends. And, no, buying coins at the start of a billing cycle and then selling coins before your credit card is due is a bad idea as the fee’s you’ll incur will probably not be worth the back and forth.