Congrats to you on the pocketing of some fiat based upon the moves your holdings made. You can never go wrong banking some profits.
It is interesting that you are pulling out and, it appears, not looking to get back in on a pullback. I mean, it is fine since you have other intentions with the money. Most on here like to play the ebb and flows and use their cash for a larger position.
I view cryptos as a huge opportunity going into 2018 with since Wall Street is on the way and they are going to pile into most everything that isnt nailed down. Sure some of the alt coins wont receive as much yet they will still receive something.
I firmly believe your STEEM holding will do great in 2018.
It was only around 8% of my total portfolio, and mostly from a big move on one of the least attrative risk/rewards I have in crypto. In essence, it was part of a portfolio rebalancing that was wise to do. Increased my STEEM position by almost 100% as well - not all is here as some will be traded on the next pop. Not pulling out at all. I'm a long termer, but I like to try and benefit from the major swings too. And pay myself a bonus now and again.
It's time to celebrate a bit. I've bagged the equivalent of a 200x in 2017. It's time to splurge. Christmas will be the merrier for it! 🙂
There is no way to argue with those results. A 200x return is 20000%....that does make for a very nice Christmas and New Years and Labor Day and Easter and Arbor day and anything else you can think of.
And with Wall Street coming, depending upon what you are holding, I think you are going to realize a sensational return in 2018 also.
Mighty fine work......
Any pointers for one who didnt hit 200x in 2017?
Stay with the best of the best that still are undervalued, aka, STEEM, BTS, SYS, ADA, GRS which are my top 5.
Uh, well, when it was all said and done and the dust settled, ahem, once I updated the spread sheets, I ended up taking just a little more than 10% off the table. I can live with that. 😅
Oh, and just to be fair, I've also bought BitUSD - about a 5% portfolio position.
Very good @cryptographic.
I am going to look at some of the others you mentioned. I am already sitting very nice with BTS (although could use more) and STEEM is rounding out nicely.
If @haejin is correct on his run for BTC, I might take some off at $13K and spread it into a couple of the alt coins you mentioned.
Question: Do you think it worth to add some EOS or would you say with BTS and STEEM I am too Danned already?
I'm too Danned already too! Personally I prefer the risk/reward for BTS and STEEM many times over EOS. After all, BTS and STEEM are proven viable businesses, and EOS is still in early development. And BTS and STEEM even have better appreciation potential. I'm letting EOS wait.
I can't argue with your logic there especially since I have a decent holding in each of the ones you mentioned. EOS keeps popping up and many pointing to it being a "ETH killer". We know how outlandish stuff like that can get. That said, Dan seems to have a knack for what he is doing and keeps improving with each new turn.
I frankly dont know enough about EOS, nor have the time to invest to learn a ton about it (hell I am still trying to wrap my head around all that is BTS).
That said, each of these blockchains (BTS and STEEM) should get the publicity to pull plenty of that Wall Street money in. I am not excited about SMTs for that reasons. The ERC20 put ETH on the map in my opinion. SMTs can do the same for steem.