Why I sold half of my IOTA
Probably you have seen the immense surge on IOTA.. Plus 100% in 24 hours. At 5.3 dollars, I sold half of my IOTA because it just had to come down. People were buying it just because it is rising.. thier product cannot yet be used (and is not finished). So 15 billion is just too much.
I kept half of IOTA just in case of.. with these crypto things you never know what will happen :p
source: shutterstock
If it did drop further, at what point would you buy back in?
I'm not a trader, so normally I don't buy/sell with the short term in mind. Mostly I just sell when something is rising too much (BTC at the moment?) or with a predifined threshold.
I think i would buy iota again under $1.5. (This is not financial advice). It can take a long time till it reaches that price again..
I think it won't go back to 1.5 or any price below $2. Since there will be more releases and or quality announcements.And that is happening spontaneously this month of December 2017 and January 2018. Plus getting more developments in the very near future. Maybe $3.5 is more feasible if ever it drops.