I am not sure if you would have thinking that the price would be below 1000$ you would have entered a short. but you are just waiting like most people in BTC and because not many people are in the market the few bears could drop the price.
RE: Are Bitcoin early adopters moving to other crypto-currencies?
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Are Bitcoin early adopters moving to other crypto-currencies?
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1000 BTC to drop it 1% and 4000 BTC to drop it by 10%
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I was short for a while but became unsure when it rose back up above 1150 so decided it was safer to sit on the sidelines and await the buy-back opportunity. I didn't trade it perfectly, but I did ok since I own only 1% BTC on eToro right now. I also reduced my ETH from 60% down to 38% but clearly in hindsight it was not enough. I didn't expect everything to pop this weekend honestly. But I'm in a decent position with money on the sidelines to take advantage of the cheap prices. I saw you are in 40%/30% at the moment, might be a difficult time for you next week if the drop continues.
Are you considering selling some at a loss to re-buy later? Or will you hold it out? I'm still debating what's best for me on my Ethereum trades, probably I will hold it.
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