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RE: 7/17/17 Breaking news! Dollar Vigilante Jeff Berwick shooting for his third consecutive 30% drop! This time with a buy call!
Once again great stuff. I am currently holding and adding as BTC drops. They are not going to shake me out. BTC is not my only crypto. I am also buying numerous other cryptos.
Holding into this next leg up. There are more people waiting to get in so I am ready.
Right now it's more like they are playing you. "Live" active bitcoin ticker shows volume selling at this 2140.70 high of the day. I'd be selling here. But even if you tried to sell some for the short term "safety" of it...you can't convert to anything but anohther very short term losing asset...another crypto. You are basically >>> "trapped" now in essence. tell me I'm lying. :O
The "live" ticker. I liked my old one better. I could trade that ticker like a video game. Gotta get used to this new one. :-)
http://www.kitco.com/bitcoin-price-charts-usd/
Or does your crypto exchange convert you into some sort of dollar asset like a money market account. If you could do that in a hurry then yes...you could trade them with tons of tax consequences for most traders. Otherwise you are trapped. I have no uderstanding of the logistics of trading this shit. Nor do I care to find out personally any time soon. :-)