Sold half my ... For BTC
I have a couple minutes so I thought I'd jot something down as I wait for my coffee.
I got into an ico this summer and finally sold half that position for BTC.
Why? I feel more comfortable in BTC. I sleep better with my profits in the Mother Earth of crypto. For awhile I was riding this roller coaster of emotions with every dip and pop. Hodling is a tough game for a skeptical dude like me. I commend anyone that held any of these successful cheap penny cryptos all the way to hundreds or thousands.
I got into a couple ICOs this summer and one dumped hard but now finally went 2x, so I guess I'm better than average at holding because many folks dumped for a 65% lose. But the coin I got more emotionally attached to was tough to let go. It was also consuming 95% of my portfolio.
I still believe in the project and the product is coming out soon that could change the world, but I had made almost 300x so I had to diversify.
I would see my portfolio go up 10k overnight and fall 10k while eating breakfast. So I decided to move half of the funds over to BTC Honey Badger.
I love Bitcoin. I want more of it and if it goes down I feel more comfortable with it retracing a couple grrs than I did with my altcoins going down a dollar.
I understand it's the wild west in crypto, but being able to take profits and hold more BTC was one of the best moves I've made. First off the coin I was in was overextended in my opinion and has given back over a third of it's price since. But if you like hold BTC, when your altcoin is going down in USD it is usually going down in BTC also, double whammy.
I have a hunch BTC is going to pump soon so I really didn't want that loss compounded. I didn't want to miss out on another fork. I just love crypto and want to see the disruptive technology flourish.
Maybe you're in the same boat or have been. Thoughts?
Be well,
Great move. Despite all the latest media negativities, BTC will be around for a long long time.
Absolutely! It's the most secure, it's the most well known brand, it gets the dividend/forks, in my eyes it's the coin that started the movement. BTC is the poster child for new store of value, in my opinion BTC should be respected, valued, and improved.
Congratulations @kish.vapor! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!