Hi 👋
After reading the last Goldman Sachs quote saying:
... correction could take bitcoin down to around $2,221.
I was wandering... Assuming I believe Goldman Sachs (who did get it right last time) so BTC price is about to cut in half. In this scenario what would be the correct course of action? Where should I move my money (currently invested in ~10 different coins)? Will all altcoins crash as well (as they usually do...)?
The way I see it I got 2 options:
- Liquidate assets and hold USD until the crash, then buy back at a lower point.
- Move to Ethereum assuming it's strong enough to hold and rise above BTC?
- ???
I'd love to hear a fresh take on this topic.
10x
Do not put zero trust in the criminals at Goldman Sachs. Yes there will be corrections. Wait it out. Hold it will rebound. We are seeing higher highs and less lows.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Why are you calling Goldman Sachs "criminals"?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Do research
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'm currently looking for options as well. It seems like a correction is imminent, but the amount of money in this space is unprecedented so its a bit hard to predict. I'm thinking of taking out 1/6 to 1/10 of my positions from crypto and diversify the rest in the space. I just hope that i can stay rational longer than the market can stay irrational, but that isn't always possible. I'd be interested in hearing other people positions as well.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
USD if you want to sleep well.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
If you trust what you have read and you are in for the long term, why would you care? HODL! If your looking for a safe haven ETH, as you suggested, might prove to be a very good call. But let's face it, ...nobody really knows.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @steemcoinx! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPDownvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
US dollar is a piece of shit.....don't believe a thing that criminal JP Morgan has to say.....they have been badmouthing bitcoin for 6 years but now they want to jump on board.......just stay in the cryptos, they will rise to new heights again......don't daytrade....just buy more....
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This is my strongest feeling! Whenever I want to trade one coin for another it feels like a waste. I don't want to give up any of my coins since I believe some of them will have a great future ahead
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Your post is upvoted, Follow this bot @cloudymoon & get SBD Check out the post regarding resteem price
Click here
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
hodl it
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
:D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @steemcoinx! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit