Where to hold money when the next Bitcoin crash happens? Will Ethereum hold?
Hi 👋
After reading the last Goldman Sachs quote saying:
... correction could take bitcoin down to around $2,221.
I was wandering... Assuming I believe Goldman Sachs (who did get it right last time) so BTC price is about to cut in half. In this scenario what would be the correct course of action? Where should I move my money (currently invested in ~10 different coins)? Will all altcoins crash as well (as they usually do...)?
The way I see it I got 2 options:
- Liquidate assets and hold USD until the crash, then buy back at a lower point.
- Move to Ethereum assuming it's strong enough to hold and rise above BTC?
- ???
I'd love to hear a fresh take on this topic.
10x
Do not put zero trust in the criminals at Goldman Sachs. Yes there will be corrections. Wait it out. Hold it will rebound. We are seeing higher highs and less lows.
Why are you calling Goldman Sachs "criminals"?
Do research
I'm currently looking for options as well. It seems like a correction is imminent, but the amount of money in this space is unprecedented so its a bit hard to predict. I'm thinking of taking out 1/6 to 1/10 of my positions from crypto and diversify the rest in the space. I just hope that i can stay rational longer than the market can stay irrational, but that isn't always possible. I'd be interested in hearing other people positions as well.
USD if you want to sleep well.
If you trust what you have read and you are in for the long term, why would you care? HODL! If your looking for a safe haven ETH, as you suggested, might prove to be a very good call. But let's face it, ...nobody really knows.
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STOPUS dollar is a piece of shit.....don't believe a thing that criminal JP Morgan has to say.....they have been badmouthing bitcoin for 6 years but now they want to jump on board.......just stay in the cryptos, they will rise to new heights again......don't daytrade....just buy more....
This is my strongest feeling! Whenever I want to trade one coin for another it feels like a waste. I don't want to give up any of my coins since I believe some of them will have a great future ahead
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hodl it
:D
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