Quote from: Subbeh on August 29, 2017, 07:11:06 AM

Quote from: HR on August 27, 2017, 10:12:27 AM

And remember, don't chase! Be patient. Nothing goes anywhere in a straight line. There will be a major correction! It doesn't take a rocket scientist to see that this is the time to be taking profits, NOT buying. Also remember that Alts are ultimately valued in BTC - this is without a doubt speculation in BOTH Alts and BTC, and when BTC heads south, so will Alts (perhaps not so much in BTC terms, but in USD it will hurt just as much as the drop in BTC - just like they benefited on the way up).

Firstly, thanks again for sharing your thoughts with us!

As for the correction, what is your take on this? When do you think this could happen, and are you planning to move everything back to fiat?

I'm looking for a top in BTC sometime soon. I expect it to be a process (but I could be wrong) where Alts rally while it tops. If this scenario plays out, I will be selling into strength and converting to BitUSD, SBD and USDT (as I said above). I might take a little to fiat as well, but that would be from my personal account and not the model portfolio, and at most it would be 10%. My main target for BTC is the $5,000 to $5,500 range with a $6,500 high end possibility. I also think we're going to see a hefty correction in world stock markets coinciding. All in all, I think the correction could last for months. My goal is to "give back" as little as possible during that time and be positioned to buy back at 80% discounts. Then we'd start working on the million dollar figure.