Are you UP? I assume so. How much? No seriously...when did you buy recently? It matters, unless you intend to just 'Hold Onto Dear Life (HODL) as they say recently. When did you buy?--it matters concerning the next upcoming Forks.
Thought 1: The Fork-- last time the 'extra coinage' was about 10%. BTC was $2800..... and BTC Cash emerged at around $280. Do you suspect the same will happen? I don't. I don't see that much positive news, word, etc--via social outlets. --that's my take. What's yours? But....hmm...maybe let's just take 10% as what's expected. Now....start factoring in what you've gained as of late, and what you might gain. Seriously ...think about it. I don't know where YOU'RE AT $...SO...
After the last fork:
a) BTC cash doubled quickly,. and then dropped,...and now it's just a bit above where it started at. Now--Will you be able to sell? ....seriously....where's you BTC at?....an exchange....cold/hard wallet? Just now, some are able to buy/sell their BTC cash (i.e Coinbase).
b) how much have you made thus far? do you think BTC will dip 10% or more afterwards? So...if you think BTC GOLD will be worth less....then.....start thinking. This is what I've been pondering for 2 days. --Is it really worth it to wait till the Fork? I am waiting actually....but very carefully. If I see one more quick PUMP upwards....past 6500 toward 7k....UHM...YEAH...I'M SELLING--NOT ALL, BUT... (SEE FINAL PLAN BELOW). I did the same at 4900 months ago, and it paid off. ...If I'm up 20-30% from the last dip...do I really want to risk most of it for BTC GOLD coins? Uhmm..NO.
About 2-3 weeks ago I requested you look at the 6 month trend of BTC. ----up 2k,..down 1k,...up 3k...down 1.5,... and now we're up....eh....3 clicks.... nearing 4. Tough call--since we have another Fork coming up soon. Look again at the 6 month chart..... 1 month recovery.....then a 2 week recovery....and....NOW WHAT?.....1 week?....after the Fork?! Of course I'm going to say I'm not 100% certain, however; if you think we're going to keep climbing without a pullback...minor or major...you're kidding yourself.
My plan: I'm up. Not being greedy. Looking to see if things start fading. I am transferring 50-60% of my BTC to my Bittrex account tomorrow. I will transfer/sell all of it into Silver bars when I see another big spike upwards. I will also sell my BTC in my Gemini account. Yes,..same plan as always: transfer to another account, and then transfer into precious metals--so I can avoid the 25% tax. I am not transferring all of it because I will want to buy back in after the dip, and ....I'm not rich....I need have $ available in my account. So....I will have to pay some taxes....No big deal---I'm just not paying friggin 25% on all of it....no friggin way. Contact me if you have questions.
So..do your math. Don't be greedy. Be happy. You are 1 of only 14 million out of over 7 billion worldwide that was savvy enough to buy-into BTC. Maybe sell half? 75%? Seriously....you know damn well we'll dip back down again. Let's watch and see if it's more 'violent' of a swing down,...or less, given the increased number of people starting to invest in crypto. Seriously...watch...it might help out a lot later.
WHY AM I A THE ONLY ONE ASKING THESE THINGS???? :)
I will probably have more to add in a day or so,.....lets keep thinking ..and watching....and discussing.
Final note: if you are waking up in the middle of the night checking your positions----YOU'RE TOO DEEP IN. It's not worth it. Cut back a bit. Otherwise: Enjoy the ride, sell when it sky-rockets, forgive yourself when you sell too early (it's not a big deal--I've done it several times).
Hi, averageguy! I just resteemed your post!
I can also re-steem and upvote some of your other posts
Curious? Check out @resteembot's' introduction post
PS: If your reputation is lower than 30 re-blogging with @resteembot only costs 0.001 SBD
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit