I maybe need about $3000 for the upcoming vacation. Currently hold 0.1BTC but about $12.000 in altcoins.
Any suggestions from experienced traders/members? Sell now or risk it and maybe have to sell even more back in late February (no later than 5-10th March).
Why don't you need to sell today? At the current price? Don't risk it dude. Just hold on your bitcoins and wait till the price goes up. I'm also not a experience traders, but just used your common sense here. I know that is really painful to see the price of bitcoin crashing below $9K, but I surmised that the road to recovery is just around the corner. Maybe around 24-48 hours we can see the price going green again.
Alright, I'll wait then.
I can probably even wait until 5-10th March, but I definitely hope it goes back up by then.
Cool. By then we hope that the price has already gone up.
I'm not an experienced trader, but I think the fall may be dragged on for a month or two, so that the simpletons will drain their money. Not the best time to withdraw funds. I would use cash.
Doubt though that the current slump will dragged for the next couple of months. It went below $10K, but last time I see it looks like the price is slowing getting up and just above $10K price, barely.