Post
Topic
Board Economics
Re: Sell Everything?
by
jaysabi
on 25/12/2016, 13:22:40 UTC
before year is good sell all everything your balance bitcoin
and then buy back again in early month 2017
because in end year until early month bitcoin price trend in down price
How are you sure about your predictions, if bitcoin price today is at 780 ,maybe next year it will go higher and higher until no one can reach it.

I think its better to save the coins till next month and not sell everything at this point. I believe the price will increase even more in the following days considering the current trend in the last few years.

So I think its safe to hold the coins and focus on other stuff. Grin Bitcoin prices will increase more and more, no worry about that.
It is better to just sell a part of your bitcoin instead of everything, that way you will not left out if bitcoin skyrockets, but you will still be able to secure some amount of profit.

It is better to keep most of the coins.

The best thing, according to me would be to sell 30 to 40% of your bitcoin and buy into other top 20 to 30 coins as per the largest market cap and hold on to them for the years to come.
You will be able to diversify and reduce your risks.



I wouldn't trust other coins at the expense of Bitcoin. The vast majority of other alts are garbage coins that don't serve a purpose other than to be derivative. If you look at the coins that have at one time "been the largest market caps" besides Bitcoin, you will see that many of them lose value over time. Remember when Doge used to have.l a market cap of 60 million dollars, or above? Now it's less than half that despite a huge increase in the number of coins, which combined means the coins are worth far, far less than they used to be at that time. You see this pattern replicated with almost all the alts. Diversifying in alts is a sure fire way to lose money.