"Talk is also starting to pick up in Bitcoin circles that big players might be considering taking some profits from their early entries and mining profitability is starting to get stressed at these prices. "
Tone Vays is a 10 year veteran of Wall Street working for the likes of JP Morgan Chase and Bear Sterns within their Asset Management divisions. Trading experience includes Equities, Options, Futures and more recently Crypto-Currencies. He is a Bitcoin believer who frequently helps run the live exchange (Satoshi Square) at the NYC Bitcoin Center and more recently started speaking at Bitcoin Conferences worldwide. He also runs his own personal blog called LibertyLifeTrail.
Thoughts?
Would be a daft time to take profits.... if they did not take profits between $800-$1300
That is the question..
Well the answer to your question for me is = Not enough coins - should have bought more As I was confident that BTC had a bright future.
I cannot speak for everyone that bought a few years back... but a year ago I did not sell, because I thought BTC will have a bright future...
Fast forward a year later..... BTC is still here... and the future is even brighter and BTC is even stronger... (only a blind man cannot see this)
So therefore, for me , now is not the time to sell....
But then I have no intention to sell when we reach the next ATH either.