BitCoin and Ethereum (as well as other cryptocurrencies) are on a parabolic trajectory. It’s so hard not to sell here. I mean, when you’ve 3x and 6x your investment and you see this trajectory, isn’t it prudent to take some winnings off the table?
I would say normally, taking some off the table (at least lock in the initial investment so that what’s left is “house” money). But here is my investor greed setting in, perhaps.
I truly believe that this is really only the very very beginning and HUGE gains are ahead because the blockchain technology is that revolutionary. I don’t want to get into the mindset of trading in and out because the Fear Of Missing Out (FOMO) if I sell will kill me more.
I don’t have a huge portion of my portfolio allocated into these, so I can afford to lose it all and still sleep at night. These really are like lottery tickets, but I like the odds here.
I’m considering diversifying and buying into some Ripple. I’ve been reading that Tezos is also an ICO to watch for. These aren’t as simple to buy, though. I mean, they aren’t hard, but I’d have to set up other wallets.