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RE: I Am Bullish On BTC And Why I Sold Some Of It Last Night: HINT: Think STEEM
HODL...hold on for dear life.
Crypto can be very volatile.....timing the market is tough.
I went to a crypto meeting tonight and BTC went up over $1,000 during those two hours.
Find good coins you believe in, put you money in, and ignore the noise. Do not fret 40% pullbacks, they are common in this arena.
What you're saying is absolutely correct... and I totally hear you... AND I've been holding through all sorts of volatile times... Firstly, I'm already out... so your advice, while heard is unfortunately too late... but secondly, BTC is in a crazy unpredictable space right now, and it's effect on the entire cryto market is unknown. It might continue to suck money away from alts, it might settle into a groove, it might collapse taking the alts with it. I just feel safer now, and I'll re-evaluate the market once I finish travelling and Futures will be a bit more of a known quantity.
What you're saying is ordinarily true, I'm just not super sure if these are ordinary times. (If this is the new ordinary then I'll have learnt a lesson - whichever way it plays it's all good).
Thank you for your reply though, I really appreciate it.