Thursday, July 26, 2018

Crypto Update

I still own five different cryptocurrencies on Robinhood: Bitcoin, Etherium, Bitcoin Cash, Litecoin, and DogeCoin. The only position that is positive right now is Bitcoin. I honestly don't even have a strategy right now with Crypto. Crypto doesn't pay dividends, so I can either hold and hope it goes up in value, or make small swing trades.

I should probably pay more attention to Crypto and start making small trades again. I have found trouble arises when I sit on a stock too long after it goes down a little bit, then I sit and hold hoping it'll go back up.

I'm hoping to breakeven on Bitcoin on the other platforms that I bought cryptocurrency on. Once I breakeven, I will move all of those funds over to Robinhood.

Even I never make money on Cryptocurrency, I can say I was a part of trying it out and using it.

Signed,

Mitch

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