Just saw these headlines at coindesk:
- All-Time High: Ether Prices Pass $440 as Key Level Breached
*Holding Strong: Failed Price Breakdown a Boon for Bitcoin Bulls?
*$413: Ether Prices Within a Whisker of All-Time High
*Flying High: Bitcoin Cash Rallies on Korean Volume Spike
*Asset Manager Launches Europe's First Bitcoin Mutual Fund
*Two-Week Rally Pushes Monero to New Record High
Looks like crypto is on a rally across the board; I have a portfolio of (mostly) BTC (about 80%), ETH (about 15%) and XRP (about 5%); but I am wondering if it is time to cash in some of the gains I made and wait for prices to drop.
What do you think? Is crypto about to go through a correction we can take advantage off?
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While I am no expert, my opinion is that Ethereum and altcoins in general are going to have a great run through year’s end and the first quarter of 2018. Most coins are down sharply from all time highs this summer, and if bitcoin moves sideways or goes even slightly bearish for a while, a lot of money will flow into alts. It’s hard for me to predict how CME futures and Bitcoin Cash are going to affect BTC trends in the near future. XMR is being adopted more and more by dark web markets (Libertas deals only in XMR) which should increase demand. I can’t give you financial advice, but if I was you I’d HODL ETH and XMR for now, and consider diverting a small percentage of your BTC into something a little more exciting, like QSP (available in Binance) or into something safe like C20 (still in ICO, not on exchanges yet). If you haven’t heard of Quantstamp (QSP) or Crypto20 (C20) I highly recommend looking them up. Both great projects! Cheers!
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