I have about $5k usd invested in tech sector of stock, mainly msft, aapl, amazon, etc..
But seems like stocks market is crashing down, or having a correction, my investment in this sector decline about 10%, that's crazy.
And I'm thinking the crashing is not end yet, and the recover will take some time, so I'm thinking to liquidate them, buy bitcoins
because the halving is coming, price are rising, I can't find any reason to expect bitcoin falls at this time, and most likely going to hit at least $500 (Conservative assumption)
What you guys think ? (But for this particular $5k investment that i moved out from tech stocks, I will just have a take profit in btc, not keeping them too long, mainly to avoid the crash on stocks market, and buy them back during the beginning of recovery process)
Equities are most likely going to take a tanking within the next 18 months. With that said however, they aint going to tank in a straight line, and they have started the year doing just that. Without having studied the big indexes too much, I would imagine that some kind of retrace is in the pipelines there.
But anyways, $5K isn't a huge amount, it isn't like you are going to blow your retirement fund or anything, so coming from this perspective, why not put that money to work in a high risk, high reward asset?
However, you are going to either be happy to just bite the bullet when you come into Bitcoin or get your Tech Analysis glasses on. If for example, you bought into Bitcoin today, at $450, if Bitcoin this time next month, were trading at $350, then that would be absolutely nothing out of the ordinary for Bitcoin, and in the longer term (from TA perspective), it wouldn't even be considered bearish.
My personal hunch, is that there is a lot of space between current spot price and the $300 low, that needs to be tested sooner or later, but who knows...perhaps Bitcoin just consolidates around here, breaks out, and then takes off? Applying good TA can help us see the way things are 'likely' to go, but nobody really knows for sure, until the market has already taken it's course.
This is a motherfucker of a market. Either get good, get pro advice, or bite the bullet and hold on to your hat for one the most nail biting roller coaster rides in the investment world.