I am looking for a balance between taking profits and taking advantage of the hype before the potential bubble bursts. (Although Bitcoin has had many 80%+ drops in the past and recovered)
My strategy.
My strategy.
- Do not invest any more !!!
- Take initial seed money off the table permanently (about 1/6 of holdings) Return it to my bank and pay CGT.
- Psychologically write off the rest (to sleep better at night)
- Diversify portfolio into other top 10 cryptos.
- Consider very small bets on other lower ranked cryptos and ICOs.
- Remove 50% of any profits weekly. Convert back to Euro and pay CGT.
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