Since early November 2017, the cryptocurrency market has exploded to the upside.
Bitcoin rose from $6,500 to as high as $20,000, a gain of 200%-plus. (It now trades around $15,000.)
The entire crypto market cap grew from $200 billion to over $750 billion, a gain of 275%.
And many individual cryptos are up even more, such as Ripple (up 1,725%) and NEM (up 947%).
We are using this opportunity to “take some cream off the top.”
This is part of our strategy and something I’ve talked to you about in the past.
As I’ve told you, crypto markets are extremely volatile. And we’re going to see massive ups and downs along the way.
Let me be crystal clear: Some of the cryptos we are going to sell today might go up 10x from here. But they might also drop 50% or more.
We don’t have a crystal ball. That’s why we want to take some profits when the right opportunity arises. There are two good reasons to take some profits today:
First, we’ve seen the bitcoin dominance index go from over 60% to under 33%. The bitcoin dominance index tells us how much bitcoin accounts for the entire cryptocurrency space.
Generally speaking, when you buy bitcoin when its dominance slips below 40%, you are buying it “cheap.” I think bitcoin dominance will go back to the more “normal” level of 50–60%. That means bitcoin could double from here.
And second, this gets us ready for our next round of ideas.
I’m excited about several projects. And I’m talking to new insiders every day.
I want you to be ready when we pounce on those opportunities, and you’ll need bitcoin to do that.
Here is the plan of action:
Sell 50% of the following open positions (see below).
When you sell, convert your profits into bitcoin.
Hold on to your bitcoin and use it to fund the next round of ideas.
Recommended Action: Sell 50% of the following open positions for bitcoin:
Ethereum (ETH) (we’ll book an 11,318% gain)
Ripple (XRP) (we’ll book a 1,226% gain)
NEM (XEM) (we’ll book a 643% gain)
EOS.IO (EOS) (we’ll book a 710% gain)
Lisk (LSK) (we’ll book a 1,604% gain)
After you sell for bitcoin, transfer your bitcoin to your wallet for storage.
Onward & Upward!