We are seeing a huge spike in the value of the new cryptocurrency ClubCoin today, Monday 8th February. Values are currently soaring and are now trading on the open market at about $0.50 per coin. ClubCoin have been launched as part of a Founders Pack giveaway by BitClub Network when purchasing Bitcoin mining shares. When i got my 7,104 i was unsure about what, if anything, these would become worth. However, as you can see from the screenshot taken today, IF i wanted to sell them today i would be able to exchange them for over $4000. A few days ago the value was hovering around half of this. Bear in mind that Clubcoin was only launched back in December 2015 and this growth is very exciting and a significant amount of money is being traded in this new currency. ClubCoin can still be acquired as you purchase into the Bitclub Network’s Bitcoin mining pools.
Should i sell them now? Well, if i did then i would fully recoup my initial investment of $3500 for the Bitcoin mining shares and i would be in 100% profit from now on. However, even though i expect these values to both soar and dip in the near future, i believe that this demonstrates that ClubCoin value is something to monitor for the longterm. Maybe if it reaches $1 per ClubCoin i may be tempted to sell half of what i have and then hold onto the rest for the long term.