Bitcoin tumbles to below $ 13 000! What's happening to the price of Bitcoin right now? Good question, one for which I do not have an immediate answer all I can think is the effects of the futures markets are felt, and perhaps people sitting on Bitcoin tried using it as a cryptocurrency and then realised its shortcomings.
What does this mean for my investment strategy?
Not a damned thing. As you can see from my Ethereum impressions and actions, I did exactly the same thing with Bitcoin. Bill Graham be praised!
- Protect the principal
- Ensure an adequate return
- Don't speculate!
I must confess, I was apprehensive about selling a week ago because things were bullish and getting more bullish. But I stuck to my guns as the entire point of coming up with an investment strategy is to remove emotion from the equation. And I could have made a bit more had I stuck in there for a few days more, but I already made a percentage slightly higher than my benchmark.
See how my cryptocurrency portfolio is doing here. Now I haven't crunched the numbers, I'm just looking at the ponies in the race and you'll see they're all going in different directions. This is good. This is volatility and it is speculation (bad things), but remember I'm only putting a small percentage into crypto. Now you know why.