Bitcoin & Ethereum Bubble at All time Highs! What to do: Sell, Hold or Buy?
The last few days have been crazy. Most crypto currencies are at all time highs. Bitcoin and Ethereum prices are simply crazy. If you invested into the ICO of Ethereum you multiplied your investment about 266 times!
That means if you bought 1 BTC worth in the ICO you received about 2000 ETH worth today $160'000 at the time of writing.
WOWZI!!!
But the past is the past and now we must figure out what to do, right now.
You could just do nothing. Or you can buy more. Or you can sell.
I actually sold roughly 10% of my ETH stash, which is a very significant part of my net-worth at this time and have put in a limit buy order at around $62. I believe there is a decent chance the price will consolidate before going up once more.
In this video I go over how I use technical analysis to make decisions like these and also talk about reasons not to sell.
I hope this will help you make your own smart decision.
I also promote Steemit in this video, as I always do now with a cool steemit intro.
I hope you like it and if you do let me know and if you don't let me know what I can do better.
You sell and buy Steem of course! ;)
I love your videos! Even though I am completely new to crypto, I understand every single detail of your explanations. That's really cool! Resteemed.
PS: We need more of this kind of music on steemit, too :)
Bubble? This ain't no bubble. This is a global shift in wealth.
Mhhh I agree with you long term. There is immense amount of shift happening. This will create lots of waves up and down. Thanks for the up vote!
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Hodl. The all time charts look like growth to me. I am going by the $3 number by years end.
upvoted
@shayne
Solid article. Same mindset here. I strongly advice people to only buy in to cryptos that have a solid background: A solid team, product, advisors, preferably VC investors, etc. Sell all cryptos that don't have this solid background. It's a waiste of money. I found this great website: https://www.coincheckup.com Since I use this site I make so much less basic investment mistakes. See: https://www.coincheckup.com/coins/Bitcoin#analysis For a complete Bitcoin Investment research report.