I sold all my bitcoin a while back before it crashed. Timing is everything! But Bitcoin has lost a lot of luster since then and it may be poised to hit a 6 month low of $6000 from a high close to $20,000 last December. Crypto is depressed.
Will I buy bitcoin again? Not as an investment. I may buy to use as a form of payment, but that would only be in small quantities. I might still take bitcoin as a form of payment.
I pulled down a 7 figure total bitcoin gain in 2017. About half from coins I had bought during earlier years and then about half from those coins that I bought in 2017 up to the $5000 mark which was my cutoff and I wrote about it at the time. But I don't see that repeating itself anytime soon. I feel bad for those that bought at the high. Hopefully they cut their losses before they got hurt.
Supply and demand in real time. Supply is up, demand is down. Last year it was a HUGE Christmas gift. THAT is what I believe drove up the prices along with the momentum. Both are now gone and while I think there will be a modest rise during Christmas, it won't be a repeat of 2017 IMHO.
That frenzy is over! Looking for the next wave. The next thing. It's sitting there RIGHT NOW!! What do you think the next "Big Thing" is and how to get into it TODAY!
Have a GREAT Day!