JayJuanGee
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How much alt coin diversification is needed? 0%?


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August 26, 2014, 06:40:12 AM

Everybody is expecting a bubble and a lot of people are waiting to sell at 680-700 and up to 1000, only to get the fuck out of bitcoin. I really dont see a bubble coming like last year.

And, good luck, and good bye, "people."  By the way, you may be o.k. getting out between $680 and $850, so long as you are in the red; however, you are really gonna regret getting out between $850 and $1,000 b/c most likely once BTC prices pass $850, we are going to have a fast rise in prices past previous ATH... so sorry about that if you purported "people" so choose to get of bitcoin in the $850 to $1,000 price range.

On the other hand, there is some possibilities (small but still possible) that BTC is NOT going to experience any more exponential growths, and is merely going to grow at a much lower speed. Still may be a good investment, even absent exponential growth - either way, I would NOT write off bitcoin so soon - b/c bitcoin has experienced considerably long lull periods and the past, and has made it to the next upward trajectory and has even surprised with decent returns for people who are NOT attempting to time trades too much and staying for longer term periods....

I think that it is worth hanging out with a certain portion of your wealth in BTC, to see how this bad boy plays out... in the next several years... we have NOT had much materially bad news regarding bitcoin.. of course there have been a few negative items, but they do NOT really rise in any way to neutralize a large amount of good news developments.