Lots of train travel this year. Vienna:
About two years ago I became interested in Bitcoin and the underlying blockchain technology. At the time, it was mostly tech and finance circles discussing their potential.
Today, it seems everybody is talking about it. As the price of Bitcoin has soared even mainstream media feel they need to report on it.
Earlier this year, I figured that simply being interesting in crypto-currencies wasn’t enough. In order to talk about it credibly, I wanted to be more invested in it (literally). So I decided a take a few hundred Euros to buy small mounts of Bitcoin, Ether and Ripple, even though they had already increased quite substantially in previous months. I reasoned, if the bubble burst, the financial loss would be bearable, but if it increased ten-fold, I would turn a nice profit. Either outcome seemed equally likely then.
Of all the crypto-currencies out there, I chose these three, because
Initially, my investments languished. But particularly in these last few weeks, interest in crypto-currencies has spiked and I suppose, as the rise in Bitcoin has people looking for alternatives, Ether and Ripple have been driven up as well.
Thus, my investments in Bitcoin and Ripple have now increased four- to five-fold (Ether a little less). Naturally, no one knows when this is going to end (but end it must, I believe). So I decided to limit my down-side risk and sell about a fourth or a fifth of my stake in Bitcoin and Ripple.
This way, I’ve fully recouped my initial investment, but still have hundreds of Euros worth of crypto-currency left. Now, a couple of days later, Bitcoin has continued to appreciate, but I am not worried about the money I did not make by selling early. I can now sit back relaxed, knowing that I cannot lose anything, but still have a lot to gain as I watch the crypto-currency story unfold and hopefully realize its full potential.
[11-Jan-2018 Update]: Looks like I’m not the only one taking money off the table.
I don’t give investment advice. Not in real life and particularly not on the internet.
But whenever you need to ask someone, whether something is a good idea, you obviously don’t know enough about it to make an informed decision for yourself.
As there were two holidays last week, I decided to get out of town to take a short vacation in Heimbach (Eifel) for some hiking. The Eifel is only two hours away by train, but you feel so much closer to nature around all the forests and lakes.
More reservoirs downstream from the Rur dam.
The Art Nouveau hydro-electric power plant in Heimbach.
As part of their architecture tour we got to see their production facilities where almost every building has been designed by famous architects; e.g. passage cover by Álvaro Siza and fire station by Zaha Hadid.
More pictures from the last full day of my Obereggenen vacation: sunset in the vines above Obereggenen.
Since I was a kid, my family has been going to the village of Obereggenen near Schliengen in the black forest for fall vacation. So for the 30th anniversary of our first vacation, we all spent the weekend there again.