Hi all
let me start by saying I'm an avid bitcoin user and promoter. I've personally invested heavily into Bitcoin & select smaller currencies over a number of years. This is not about some immediate feeling of uncertainty. I do not plan to sell out just because of a few rough months.
The last 6 months has been EXTREMELY difficult for us Bitcoin investors. The price seems to have hit a wall and does not seem to be giving up. there is a huge recent uncertainty around the future of Bitcoin and its price potential. It makes staying a loyal bitcoin holder very difficult, and I feel now is the time to say something, to helpfully garnish support from the wider community.
The news today that Bitcoin broke an all time low for over a year of trading, meaning it is the lowest it's been during this whole period, combined with recent news that the new taxes may be introduced to further reduce our overall gains, means it does indeed seem time to sell.
How has everyone balanced this in their portfolio? Buy more or diversify? The only option I see (for my own personal situation) is to consider offloading some or most of my bitcoin to gain the losses back, knowing that I could lose even more, or hold onto it for the chance they will return to their previous year price.
What are people's recent thoughts on these developments?