Perhaps it speaks to my effete nature, but I went ahead and took profits on my crypto account. And the title isn’t quite accurate: I wouldn’t necessarily call my decision arbitrary. Just to be completely indiscrete, I started with $8,000 on Sunday, worked it up to $11,000 after the close on Monday, and dumped it all for a $10,000 balance just now. So 25% profit in a day isn’t horrible. My reasoning is simple: the challenge of hacking and cutting through that mountain of overhead supply is formidable compared to the free-fall zone below. I want to see crypto shore up a firmer base of support more substantive than hopes and dreams. I’ll be waiting to move when the time seems right again.
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