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RE: Are Bitcoin early adopters moving to other crypto-currencies?
I am not sure if you would have thinking that the price would be below 1000$ you would have entered a short. but you are just waiting like most people in BTC and because not many people are in the market the few bears could drop the price.
1000 BTC to drop it 1% and 4000 BTC to drop it by 10%
I was short for a while but became unsure when it rose back up above 1150 so decided it was safer to sit on the sidelines and await the buy-back opportunity. I didn't trade it perfectly, but I did ok since I own only 1% BTC on eToro right now. I also reduced my ETH from 60% down to 38% but clearly in hindsight it was not enough. I didn't expect everything to pop this weekend honestly. But I'm in a decent position with money on the sidelines to take advantage of the cheap prices. I saw you are in 40%/30% at the moment, might be a difficult time for you next week if the drop continues.
Are you considering selling some at a loss to re-buy later? Or will you hold it out? I'm still debating what's best for me on my Ethereum trades, probably I will hold it.