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RE: Is it Time to Sell Bitcoin for $USD?
Informative analysis. I converted some steem yesterday into BTC and am getting ready to pull the trigger on exchanging into USD. Willing to let it pullback to the 1.4 level as a stop as I want to see if we can get a 2k blow off top ;-)
TY
Yes, we could def see a blow off type of top that throws out a huge wick. I agree too that $2,000.00 seems like a logical price for such a scenario.
@jamesbrown it's the right time to sell because it's going up but we would be missing the all time high if we do now - the rise of the altcoins' on!
There's never really a right or a wrong time to sell. It really just comes down to investing/ trading styles, which is determined mostly by goals and temperament.
I'm an active trader, so I try to profit from price swings, but I'm also an investor who pours profits into markets that I believe will grow over time. With bitcoin, I both trade and invest.
Even if I'm almost certain that the price will take a dive, I still won't sell more than 1/3rd of my position and I've made a pledge to myself to never touch at least 10 of my bitcoins for at least another five years.