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RE: $50,000 Bitcoin? Taking Profits Again - Mike Maloney
So what should be done? Should people stop buying bitcoin or start buying it now? It takes a real believer to buy bitcoin. What if it start falling?
The key message I got from the video is to have a diverse investment portfolio not have all money in Bitcoin. Even Mike Maloney said he is sticking with Bitcoin but withdrawing some of his Bitcoin profits to buy gold and silver. I am still investing in Bitcoin because I believe the price will go to $50K and higher but it won't be my only investment in the long run. The nature of Bitcoin is the price rises and falls but the trend is still up.
I just target to sell my bitcoin when its come to price 20k usd/btc.. long time hold.. start buying it from the price at 500usd/btc.. want sell it quaters by quaters soon..
That is what I also resolute to.
I agree.