Digital Currency Past Present Future - At 14,000 Do We HOLD or SELL Bitcoin

in #bitcoin7 years ago

Now that bitcoin hit another new high, it’s time to re-evaluate our investing strategy – should we sell or hold?

Note: bitcoin is now selling for $17,500 per coin in South Korea!

Holding? Here are the things to consider:

1.) The first second bitcoin futures will launch on December 15 and 18, 2017. These futures are expected to bring in fresh capital of $51 billion which could make bitcoin skyrocket into unknown territory.

2.) Super bitcoin hard fork. Also called "Lightning Bitcoin", this hard fork is scheduled to go live at block 498,888 approximately on December 15. It's not unknown to many that hard forks are good source free cash in the form of new coin.

3.) Another hard fork. As if 4 hard forks are not enough, another one called "Bitcoin Uranium" will also go live in this month. The related talks first appeared on Bitcointalk at the end of October. The main features of the cryptocurrency include a new Proof-Of-Work algorithm Equihash to enable GPU/CPU mining. It is scheduled to take place on the New Year’s Eve – 31 December 2017.

Selling? Here are the things to consider:

1.) CME and Cboe Bitcoin Futures are a “Unique Animal” Capable of Price Manipulation. Selling might save you some headache. Full article here

2.) What Goes Up Must Come Down - a major correction for bitcoin is long overdue. And this time around, it could be massive. Historically, bitcoin losses a third of its value during past corrections but for the next correction, it could lose 40 to 50% of its value. Assuming you get lucky in predicting the top, you could potentially double your holdings should you sell and buy at the dip.

3.) Selling means transferring your bitcoins out of your wallet which is dangerous considering the hacking and heavy traffic in the blockchain. During the past 3 days for example, I transferred ether out of my wallet 3 times and all failed. They keep returning it back to my wallet. It also took hours for me to receive my bitcoin at an exchange. Couldn't trade either as the exchange is clogged. And if you're successful in converting your coins into fiat, that means you have to keep your fiat at an exchange until the right time comes to invest in crypto again - a very dangerous thing to do.




Disclosure: This post does not intend to provide investment nor does it represents that the securities or services discussed are suitable for any investor. Investors are advised not to rely on any information contained in the article in the process of making a fully informed investment decision.

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This post has received gratitude of 15.19 % from @appreciator thanks to: @sandalphon.

i think investing into bitcoins isnt the best option right nw....or its too much of a risk better move to currency with lower market cap like monero and zcash and hold it

Well from all being said it looks like holding bitcoin till half of january is gone would be beneficial.

Bitcoin is going to keep going up for quite sometime so holding it for the forseeable future and of cours spreading your wealth out to other projects you support will make you gains as global adoption becomes more evident

Very nice informative post @sandalphon

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If we hodl our holdings the price will keep rising however, if we sell what we have, expect the downfall.

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