Let me just put this here:
Timestamp is 5:05.
TL;DW: If you don't own crypto/bitcoin in the best 10 days of the year, you're down -25%. But if you're in it on the top 10 days of the year, you'll gain an average of 500%.
Now, it's obviously smart to sell some of it at the peak and buy into it while everyone else is selling, but selling right now? I don't think that's the move.
But anyway - great post, luke!
I love finding posts like this and presentations which make me feel better about my holding. :)
Investing is a long term strategy that absolutely involves being in the market on the best days.
Speculating is fun too, but it feels a like lot gambling. It's more about the fun. I keep trying to get interested in learning that, but to get really good at it, I think you have to devote your full attention to charting and watching the activity constantly. I'd rather build value than try to find moments to extract it.
I also realize that's just myself talking to myself to justify why I've held instead of sold.
I also agree with many who think the price could go much lower. Maybe I'm just trying to convince myself not to sell.
no, you should not sell (btc 3860 at the moment)..I wrote sell at 15,000 and stay out..if you must trade...there were clear chances..and I wrote sell at 8000 twice since..sorry so many are taking a massive beating...BTC is likely to survive and smart money will start to nibble here....steem at .347? that is another story.
That just made my day, thank you.
Tom Lee was on CNBC recently as well, not sure what to think about $15k btc by year end though... maybe year-end 2019.
Well, I'm not sure either, but you can see that Lee is quite uncomfortable with the people he's talking with. In any case - Steempower should be cold Hodlpower.
I just can't see it happening. Market sentiment at the moment is still overwhelmingly negative. Without some sort of big time manipulation BTC just can't make it to 15K in 2018. Personally id be surprised if it was worth even 7.5K at the start of 2019.