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RE: Re-balanced My Crypto Portfolio, Bought Some New Altcoin Bags
I really thought I had seen it all with the bitcoin pumps in 2017, but these moves in XRP, NEO and the other alts are something to behold.
If this volatility continues throughout 2018, I can't even imaging where we'll be in a few years. I have a feeling the tech bubble in 90's is going to look like a cheap penny stock P&D compared to the growth of the crypto space.
The crash of the alts will also be epic, there's no way we sustain this kind of growth for a full month or two.
The alt crash will be nuts, but everytime you think it can't run up further, it does.. So this should be interesting to see how long it ends up running for and how severe the crash it
I agree but the approach you have deployed is very fundamental risk management (take profits, get investment back and diversify). It keeps you into the market to not miss opportunities but lets you enjoy some success for the eventual volatility. I think there will be a "flight to quality" where investors will come back to the leaders as they realize they are the key for the whole space to succeed.