Hey all,
I am new here, and got my start JUST as this China news was rolling out. I missed my buy option for $1,000 right as it broke below $3,000, but got in the next night at $3,500. I bought some alt-coins and have been sitting, watching, ever since.
I am wondering what you seasoned vets would do right now. I know a majority option would be HODL, but honestly, this is quite good profits for only a few weeks. Really wondering if you all would be for or against liquidating now, and re-investing profits, since they are around $450 ATM.
I'm thinking if I only reinvested profits over the next year, I could keep all "real" skin out of the game, and creep my way up to a full 1 BTC in profits. With prices rising, though, that may continue to get more and more difficult.
I have some small amounts of BTC bought more toward the $4,300 mark. Was also thinking of selling those portions at profit now, building up my FIAT over the next few months, and buying a larger chunk if we dip well below $3,800 or so...but that of course may never happen.
Here's where I'm at :
1.) .50 Ethereum @ $325 (current loss $-12.50)
2.) 10 NEO @ $20.50 (current profit $80)
3.) 200 BQX @ 0.75 (current loss $35)
4.) .40 BTC @ 3,700 (current profits $426)
Current total profits : $480 or so.
Definitely HODL'ing NEO and BQX.
As for BTC...
What would you do?
In since early 2013. My biggest advice would be, don't try to time the markets. You will inevitably hear stories of people making lots of money, timing trades perfectly, and it will leave you questioning your portfolio, trades and history, but that person will most likely not be you. And even if it is, you might be right on one trade, but horribly wrong on the other. Holding isn't sexy, holding wont make you rich over night, and holding might not return the same gains as if you timed the market right, but holding is safe and if you pick the right coins, buy in low and just hold, as long as you believe in the currency no matter the price, you will be ok. In 2 years from now, everything that is worth anything will most likely be worth multiples of what the current price is.
Buy, hold, store somewhere safe (hardware wallet) and keep buying whenever you can. $20, $50, $200 a month, whatever you can.
Best of luck
