The meteoric rise of cryptocurrency has been a joy ride for anyone who is hodling.
Looking at the markets today has been nuts. Both ripple and bitshares have surged over a dollar, and steem is getting close to all-time highs.
Checking my portfolio's gain in value has been a hoot and a half and its hard not to jump for joy throughout the day.
Finally, my distrust of the dollar is paying off big time. I must say, I feel vindicated for all the times I pointed out the blatant scam of the fed. The anarchist in me is loving this ride for many reasons.
But when to exit.?
I told some friends how I was doing, and one of them said I totally should take the money and run. For anyone who has been investing in crypto the last few years, this would seem like a shortsighted move.
But I must say, I am wondering how long I should wait before converting it back to fiat. My general feeling is to wait until i truly need it, like a payment for land or a house.
Then again, the dafe thing to do would be to pull out now and take the massive gains ive already made.
What is your general withdrawal strategy with crypto?
All uncredited pictures from the pixabay.com
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