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RE: 5 Reasons I Sold My Cryptos

in #bitcoin7 years ago

Sad to see you cash out :-/ I have actually been thinking the same exact thoughts this week especially with Bitcoin entering hyperbolic growth and looking at the MASSIVE rise in Bitconnect token prices over the past year.

If anything, Bitcoin's biggest threat is Ethereum taking over it's market share because it does what BTC can do only faster, cheaper and with smart contracts.

I have been enjoying my massive gains the past ten days- I have made something like 50% profits on my entire portfolio :)!

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Thanks. I'm cashing out but not going away. I still really believe in the crypto space I just think the market needs a shakeout and a cleanup. I'm thinking I won't be touching anything without real world utility though until that happens.

Congrats on the great returns. I hope you have a good festive season too! Don't forget to enjoy it! :)

If you cash out now and wait till next crypto despair moment, you will better see what will be center of next iteration hype.
Not nessesarily ethereum.

Very sound advice here if you can resist the FOMO. It's tough to do!

I have some ideas of how the next despair moment might play out and what the next iteration hype might (or should) look like. I won't be right on the money but I only need to be close.

Might write about that next if I can find the time.

I just wrote a little piece on FOMO sapiens in the crypto world. Not an article as solid as yours, but let me know what you think :-)

https://steemit.com/cryptocurrency/@cryptotem/to-all-of-us-fomo-sapiens-in-this-world-of-cryptocurrencies

Haha Eth? CryptoKitties just cashed crashed Eth