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RE: important BTC update 21.09.17 - why you should hope for a fast freefall
If you are not looking to sell to pay for bills... and you believe in the long term of btc, then this is good news. Buy on the way down and on the way up, fast crash would be great for cheap prices!
nobody should be looking to sell to pay for bills. Only invest what you are willing to loose.
Well said. Thus, if price is lowering, then fantastic news for investors. Also, don't forget that you are comparing the price to fiat. 2 DIFFERENT worlds! Look at a different pair, like BCH/BTC and then BCH/ETH, almost identical.... which means, the top cryptos are holding their value against themselves. Good signal that your value is holding, but cheap to buy.
I am not holding BTC anymore. But some other cryptos which could be hit even harder -.-
Maybe consider BTC. It's the store of value for the cryptos. Once you've locked in profits, move it to BTC and hold it there. Old rule which seems to work well is to not invest more than 30% of your capital. So that would mean leaving 70% of your crypto worth in BTC while playing with the rest.