RE: How to Trade the Bitcoin Cycle for Profit

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How to Trade the Bitcoin Cycle for Profit

in bitcoin •  7 years ago 

OK you want thoughts, here goes. I hold some of all 3 bitcoins. I don't try and trade back and forth, i buy and hold. I hold a dozen alts lean heavily toward litecoin, and bought several ICO's. Made a killing on a couple and took profits to see them drop 50% later. I say always take profits when you hit something that does 1000% or more. I have bought 6 ICO's year to date and will pick up another this month and hold for 5-6 months. I believe in a diversified portfolio and don't like to put all my eggs in one basket....as always thanks for your opinions, you put it all out there.

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Thanks for sharing jimbo - Taking profits in hype markets is one of the hardest, but best things you can do, at least in my opinion.