I am resurrecting this blog for the 3rd time.
This time its to analyze crypto-currencies. I started this blog in 2014 to
investigate alternative investments. I ultimately identified six alternatives,
invested in all as test cases, and followed their progress through this blog.
All were positive, but in the end, I selected two to make sizable investments
in, Betterment and Lending Club. Then the blog was dormant for about two years.
By mid-2017 I was becoming concerned about my investment in
Lending Club. It was performing poorly. I decided to do an in-depth analysis
and document my findings on this blog. The
analysis led me to liquidate my holdings in Lending Club (not a pretty or easy
thing to do as described in the blog posts). By May-2017 I was totally out of Lending
Club and again this blog went dormant.
I did start a separate blog about sports analysis and betting,
ole44bill.blogspot.com. I made a couple of dozen posts but now have reached a
point where I want a break from this. There were a handful of posts early on in
that blog about crypto-currencies. I will review these and possibly repeat some
of these here.
So, why am I doing this? First, I need to review my holdings
in crypto-currencies. I was quite active trading these in 2017, and naturally
made good money (everyone did). But at the end of the year I got tangled up in
trying to document all the trades for tax purposes. I decided then just to
freeze my holdings until I had time to work out a system to keep track of this
stuff before I became active again. I’ve reached that point. I have a handful
of different coins and wonder if I should consolidate, expand, or do nothing.
The second reason for putting my efforts on the blog is for
documentation purposes. I’m turning 74 in a few weeks and my memory isn’t that
great. So, I’ll use this as the vehicle for keeping track of what I’ve done.
You can follow me on Twitter, @billlanke, to know when I
post again. Or you can Email me at bill.lanke@gmail.com.
