What you gonna do?
I'll let it sit there for a while(a month) and if BTC goes parabolic i'll move it to tether-alts pair then go back to btc. 160btc is not big.
I agree that whatever you do would likely be a package situation, and you might have various ways that you can back out or hedge - however, it really does not sound as if you are hedged - and that is partly what I mean about preparing for both down and up...
I don't think that it matters how "big" is 160btc, but instead more importantly whether you are prepared for either price direction - because even if probabilities seem pretty good in one direction, bitcoin still is ambiguous and frequently will do the opposite of expectations - and still we are in a bull market too.. Unless someone can provide some convincing evidence to the contrary, our bull market has been since about mid-to-late 2015 (even though we may not have realized that the bull market had begun until about May 2016 or perhaps a bit later than that, perhaps?) - so sure it has been a fairly long and exponential bull market, but we certainly do not have any kind of clear, unambiguous and convincing evidence that the bull market is either stopping or that it is reversing. So even though we cannot assume that the bull market is continuing, it seems even more dangerous to assume that it has stopped or to bet against some amount of continued upwards movement.
You might be correct, but sometimes guys who play balls to the walls, also might know that it is sometimes better to have some stake in the game and to cut your losses... but sure, you can gamble 100% if you think that is the more prudent and practical approach for your own circumstances.
Bitcoin has been strong for a long time... and yeah, we may get a few fake outs after our correction to $2970, but really, there has been decent and ongoing buying pressure.. so seems like the only way to be excited is to have some stake in the game, rather than being happy for others, right? What is the purpose of being happy for others? It is like me buying Ethereum.. it has not happened yet... so yeah, I continue to wait for my buy point, but it does not hit.. so I guess I am somewhat happy for others, but I don't really care too much because I am not in that one and I have a different and skeptical perspective of ETH...
I assume not just one big buyer/dumper controlling the market. Maybe more like me, small in amount but several or more of active buyers/traders.
happy Hodling.
Seems like we are getting more and more entrants into bitcoin and they are scattered over more than 150 exchanges, so sure some exchanges have more influence than others, but bears have been having troubles for quite some time in keeping BTC prices down in the past couple of years, and the best that they have been able to do is temporary measures, especially since about May 2016, when they lost control of $500 and the rest has been their struggling within a bull market... so hodl and buy and don't bet too much down because the overall trend remains UP.