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RE: Bitcoin stops just short of 5000 and I'm out
Do you ever think there will be a time that selling BTC and taking profits that you will not be able to buy back in? I wonder if there will be a time that huge institutional money will scoop up the sell orders and hold long term shrinking available supply
Yeah it's always a risk and a worry that's very hard to shake - I was using close to 10:1 leverage on this play though so have to keep the greed in check. So many people were talking about 5K and we've already had a reaction there, I think we'll at least pause here and I'm happy to play a breakout if that happens :)
Sounds smart. I am a buy and hold guy. I often wonder how hard it would be for day traders. This market is crazy and 24 hours 7 days a week. How do they get any sleep? LOL. I am the slow turtle, buy and hold my crypto's. I got in at the right time. I invested $38,000.00 in January/February and my portfolio is now around $380,000.00. Not bad for me since I am so conservative.
Wow, very nice, good for you. One of my business partners did really well with it and cashed out his original investment on a USD basis a long time ago. Now he says he's playing with house money.
I'm guessing he regrets it though (he cashed out his cost basis back when BTC was below $2k.)
I hate fiat curacy so much I just do not want to sell for U.S. Dollars. I also do not want to pay the criminal capital gains taxes. I will continue to buy and hold. Even if crypto's went to zero (which they will not) I still want to support the industry with everything I have. I believe in decentralized blockchain and crypto's. Down with the criminal banking cabal
100% agree, the only thing I've sold BTC for is other cryptos (but it's a very limited number of blockchains that fit the bill, and I don't do ICOs)
Don't sell for USD, there are other stable options. I just wrote a post about some of them yesterday if you're interested.
OK, I will check it out
Epic - nice work mate! I should probably be getting my advice from you :P
I write everyday to help people. We have to stick together. It is us against less than 300 of the wealthiest families in the world who hold 92% of the world's wealth. How do I fight? I help educate and encourage people to not support the corrupt governments, commercial corporations and many fakse fake religions (not all but most). If enough of us wake up ( just 7% to 10%) we can topple this corrupt system we live in