This is How the Majority of Crypto Currency Holders, Including So-Called Gurus, are Acting Right Now.
If you recall I wrote a post, "Call Me a Fool but I am Taking 50% of My Crypto Currency Profits and Exchanging for Dollars." The post was written eight weeks ago shortly before Bitcoin reached its all time high. I told you that I was taking profits. Everything that remained was house money, meaning 100% profits.
As Many People are Experiencing Right Now, You Don't Want to be Trying to Escape a Burning Building When Everyone Else is as Well.
Bitcoin is down but imagine being an Ethereum holder right now. This sell off must really sting! I personally blame all the ICO's which caused the artificial rise of Ethereum and the consecutive sell off as the ICO's cash in.
What I am Doing with the Remainder of My Crypto Currencies.
a. I parked a bunch in Stratis.
b. I stopped my Steem powerdown a few weeks back.
c. I am hoarding SteemDollars.
d. I bought a bunch of Bitcoin mining pools on Bitclub for passive income.
e. I bought up Flashcoin on Cryptopia. It is still under $.01!
