The Bitcoin Price Throughout its History.
$0 - $1000: 1789 days
$1000 - $2000: 1271 days
$2000 - $3000: 23 days
$3000 - $4000: 62 days
$4000 - $5000: 61 days
$5000 - $6000: 8 days
$6000 - $7000: 13 days
$7000 - $8000: 14 days
$8000 - $9000: 9 days
The Rise of Bitcoin is Too Fast for Me.
Like I have done many times before, I have taken my profits off of the Bitcoin table and moved to altcoins. I don't believe this rise can sustain this pace. If I am wrong my altcoins will still do well in USD terms but if Bitcoin has a nice pullback or begins to trade sideways my wallets will be prepared for an influx of new money into the altcoin market.
I have also taken a chunk of Ethereum and bought into a few ICO's. I will be writing a post soon letting you know which ones I like.
I am Not Shorting Bitcoin.
In the past I would have opened a short position but I believe that is too risky at this point. I don't have time to sit in front of the computer. This market is way to excited to risk a short position in my opinion.
Source
These are Exciting Times in Crypto.
When the whole community is excited and talking about new all time highs I always choose to take a defensive position.
Here are a Few Altcoins I Own.
- Ethereum
- Steem
- Smartcash
- Neblio
- Flashcoin
- Everex
- Hedge Token
- Decent Bet
- Omisego