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RE: Quick Supplemental Update on Bitcoin

in #bitcoin7 years ago

Hey bud. I'm THOROUGHLY enjoying your new video posts, with your down-to-earth and concise style. You've got my DAILY upvote on these. As I've been researching and producing the BTC/BCH series (on one of my clients' account : (new one) https://steemit.com/bitcoin/@bitcoinsandgravy/trending-bitcoin-news-23-june-29th-2018 I'vee decided that there is just so much chaos/stagnation in BTC (overall) right now, and then in light of the recent rumors that China (via Bitmain) is approaching a 51% mining monopoly, I decided yesterday to sell 0.1 BTC and buy Steem (~ 450 Steem) to convert into SP and actually be able to USE to fuel my progress here on Steemit. I mean, I did after all buy most of my BTC holdings at < $2,000, so it is HEALTHY to cash in on some profit, INSTEAD of just sitting around watching the roller coaster ride of BTC. My plan is to sell my BTC as well as my BCH (which I got from the hard fork last year) ABOVE the magic number "1.0 BTC/1.0 BCH" every few months (ideally as we (hopefully) continue the long-term uptrend) and make that $$$ work for me here on Steemit. Aside from the 1.0 BTC/BCH HODL, holding on to BTC/BCH and LEARNING from market analysis (from people like you) is a SOUND investment in "human capital". Plus, YOU (and others in my network) will actually benefit from my higher upvotes ;->. An thoughts on this strategy? Keep up the great work...

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Thanks for the kind words and support @transcript-junky. You’re plan sounds solid. Looks like you’ve got a good thing going my friend. I’m very bullish on Steemit longterm. If people like you keep providing quality content, this platform will thrive.