Vlog 207: My plan for the downtrend. Patience is key.
If you follow my blog you know that I have been diversifying my crypto holdings into fiat for around 2 months now. I wrote about it here.
I wrote this back then:
My current investment strategy is to diversify some of my crypto holdings (not STEEM) back into fiat gradually.
My crypto holdings went 10x while my Fiat has stood still.
Crypto tends to go up and down as a whole. (If there is a correction there is nowhere to hide fast.)
I need some Fiat in case there is a big dip to buy back in.
If I'm wrong my holding will just go up and I make a little less profit.
Which is fine. I prefer the feeling risk aversion over maximum profits.
We are in a downtrend at the moment and it's not too pretty. Double digits red across the board for most coins.
It's not low enough for me to start buying again but it's approaching that point.
The B's from the Weiss report have most of my interest.
I'm impressed with STEEM. It's still way up compared to the beginning of the year and I'm very happy to see how strong it's behaving in this trend.
I talk about it more in my vlog.
I am a witness with our developer group @blockbrothers for the Steem blockchain. If you want to support us I would appreciate your vote here.
We build Steemify a notification app for your Steemit account for iOS.
Get it Here: