I do own some cryptocurrency, but when I bought it I was in for the long run - and I'm not realy into all the technical stuff. Maybe you can say I'm a newbie with some experience in buying, but nothing more...
That's why I'm looking for some decent advice...
I just have a couple of Bitcoins, but now it the price is going through the roof I 've made a +900% profit.
So I'm facing a dilemma of which I can't seem to make a choice.
Either I cash in (part of) my Bitcoins now the price is above $7000, or i don't.
My limited knowledge makes it hard to decide.
With the Segwit2x coming up, it might be a good idea to hold, since that will (eventually) make me money because of the so called 'doubling' - The more BTC I have, the more of the other coin I will get (B2X).
On the other hand, yesterday I read some articles in which was stated BTC price would be corrected to $5000 just before or after the hard fork. That'll mean I'll be losing money again.
And what if the B2X will become the strongest version of the two?
I was thinking about maybe selling part of my BTC to purchase some other Altcoins - they are all bleeding, so maybe this is the time to buy them for good profits in the future.
And if I decide to do that, which ones should I buy? - There's so many of them. (I'm really not good in identifying trends in order to be able to 'predict' (as far as that is possible) which one has potential, and which is just crap)
So I'm really in doubt here.
Maybe BTC will keep rising, and I may regret selling (part of) it later on.
On the other hand, being greedy is dangerous. Maybe I should just take the +900% profit and go on, trying to find other promising altcoins with great potential.
Like I said... I'm not much more than a newbie to this matter, so I'd really appreciated some good advice from people who know what their talking about...