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RE: BITCOIN KEEPS REACHING NEW LEVELS OF LOW | WAKING UP TO ALL RED
I suppose it depends on whether you need the money or not. If you can afford to lose it then maybe hang on. I've been saying for months that people should diversify some crypto profits into gold, it's not a certainty but compared to every other market it's looking undervalued. Keep an eye on my posts, about half of them are on precious metal analysis.
yeah i will check you out now! thanks! i know i wanted to sell when it was at all time high, but missed an opportunity, now i am diversified but not in gold or anything!
I like Gold @unclehermit ........... it is a pity that its price is isolated by the banks.
@unclehermit I personally believe that people should diversify their portfolio. They should not go all in on anything. I also believe that people should not invest in things that they don't know anything about. The main reasons for this crash is the later. Many who entered this market were new comers. Sadly many lost their money while the old investors held on to it.
The crypto crash is a healthy response to blind speculation, following the crash what should emerge are the blockchain applications that offer the most utility. Things like asset backed crypto's, smart contract applications and those that will power the internet of things. I'm personally sceptical of pure cryptocurrencies such as bitcoin, litecoin, monero, etc. Governments will work to ban them and better technology will replace them.