Update from Block$$$ - BTC futures, HODL and moving funds into Fiat.
Hey guys. Bitcoin futures are supposed to come out soon.
We just saw the market go nuts with BTC inching real close to $20k. (And blowing past it on Korean exchanges)
*These are just my personal opinions and are not investment advice.
I’ve moved a 3rd of my portfolio into FIAT.
ICO markets are facing some cold winds ahead when BTC and ETH skyrocket like this. Investors want to Hodl instead of risk money into Tokens.
None of the Major exchanges are listing new tokens for a while until some clarity from regulators come.
I’ll be looking at opportunities to get into some of the bigger projects. Zcash, etc
I’m still hodl EOS.
I’m still hodl Stellar Lumens. Had a chance to meet Jed, their CEO recently. Felt like he has the team to challenge Ripple.
I’ll be investing in very select ICO’s if/when I feel like the team/project is solid and I have enough of a discount to offset potential downfalls. One idea worth considering is when ETH hits super high, people like to transfer into ICO’s. That way when ETH drops, the likelihood that that token price : ETH Ratio works in your favor goes up.
Major funds like blocktower and metastable have told me they’ve moved some funds into FIAT as well in anticipation of BTC drops.
Some other funds just hedge against by moving into BCH (Bitcoin Cash) a bit too risky for me personally.