trading on the CME on 12/18/17. There are those who think when it becomes easier to short them with futures and options the volatility will be tamed. Others think there may be a huge wash-out at that point.

In anticipation of futures trading, Bitcoins roared higher this morning. A few days ago $10,000/bitcoin was a strong resistant point. When it tore through $10,000, there was very little resistance at the $11,000 level making resistance at $12,000. When that toppled, they began knocking on the door of $13,000.

I'm not a Bitcoin buff but clearly there is something going on here and I don't know whether it is a mania or an innovative disruption of how we transfer money and how we use it to store value. In a previous post I said I wanted to be a participant rather than a bystander wondering what is taking place.

So I opened an account at GDAX and funded it with a whooping $500.00 eighteen days ago.

Nope.

I'm not going to bet the farm on this one.

This morning my account had soared to $679.39 for a 35.9% gain.

Do I wish I would have put $50,000 in the account?

Nah!!

I'm having fun with the account as it is.

Best wishes,

dhm
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may be'