I bought my first bitcoin in November 2013, yes on that rapid ascension up. That was during the whole Cypress debacle. You can see the how bitcoin subsequently came back down to reality. Over the past 3+ years, bitcoin has formed a beautiful cup base. I believe in the long term story of bitcoin and the blockchain, so rather than trying to trade bitcoin, I just bought a set amount each month throughout most of 2015 and into 2016.
In 2016, Bitcoin was by far my best asset performer, going up over 300%. But this is a LLLLLOOOOOOOONNNNNNGGGGG term play for me.
I will write much more about bitcoin and the blockchain in the future. This is the first high in many to come, I’m certain.
Ethereum’s ether token (I think that’s what they call it). This is Bitcoin’s cousin. I took a flyer on some tokens in March, getting in around $19 after I read this article about how JPMorgan, Microsoft, Intel and 30 or so others formed and alliance to create a standard version of the Ethereum software.
I’d previously read about how early Bitcoin buyers were now millionaires. With the backing of these corporate giants, maybe something will come from Ethereum. Who knows; I’m treating it like a lottery ticket. It’s a 3-bagger already (but again, not getting overly excited because it’s a long term play).