First of all, I hope everyone has a nice holiday break, if you get to have one, etc.
I've noticed that many of the people I TUNE in to on various media, especially youtube, have been reminding their 'followers' or 'viewers' to take profits here and there. (note: I don't like the term 'follower',....I'm not a shepherd....you're not sheep). When I say many, ....I mean 90-95% of them, ...of varying ages (20s-50s).
Have you taken some profits? You should. I'm not saying this just because the market is down. Actually, I've been saying this throughout the last 3-5 months. You don't have to take a lot,.....just a bit here and there. Trust me, you'll feel good about it.
Worst case scenario (if market goes past 1 trillion): "Darn!!..I could have made 5-10% more!!!"
Best case scenario (if market goes to shit): "Well...at least I was smart enough to take some profits,...wasn't a total loss!"
Here's what I'm doing, and this is give you some perspective on what others might be doing as well.
a) bought a bunch of silver with profits (enough to cover my initial investment in crypto back in March)
b) sold my BTC (50%)that I had in an exchange and I'm waiting to see what happens this week and next week
c) keeping my BTC that I have in the other exchange and my alt coins, and hoping for the best
d) I keep cashing out my Bitconnect profits daily and either sending the BTC to another exchange or buying more silver (depends on my mood ....but essentially I keep 60% and spend 40% on silver). Like I said in previous posts, for those of you that are new here. I took a big risk with Bitconnect. It paid off,...I've got 150% of my $ back. I don't suspect Bitconnect will last forever, ...if it does GREAT! .. I get to keep making daily profits. If it tanks.... Well... I made my money.
Win-Win situation. (see where I'm going with this post?)
In the end,....years from now, I may not have made as much as others. Hell, you might make a much higher return. I hope you do. But, keep in mind my strategy. I'm constantly pulling money out as I make profits. It's safer. So,....if you haven't already, take the time and decide your next move.
I often say 'Don't be Greedy' Maybe I should say 'Be smart'. Did you see this 4.5k pullback coming? If so.....did you Act on it? Think about it,.... you were smart enough to invest,...now be smart enough to have a plan. Good luck.
