Unfortunately, I do NOT have any advice for you, JJG.
hehehe!! no? not funny? oh well
this is why I don't do sales.
I can't lie very well, I can't tell you the future, I can't tell you that as long as you hold on to those $1,200 coins for at least a year, then you'll be just fine.
That's o.k. about the lack of advice b/c these matters can be very complicated - especially when you nor anyone else on the forum knows my exact holdings and my aspirations and my risk tolerance and a variety of other factors that would go into providing some input(s) concerning my investment decisions. I have already had some guys providing advice based on very incomplete information about my situation, and surely, I would NOT necessarily even want to share all the details.
Also, I am fairly capable of calculating various risks and then living with my decision(s) at any point of time and realizing the extent to which I may need to reconsider my exit strategy, if needed.
As far as the $1200 coins, that does NOT really motivate me b/c I consider my average cost per BTC including transaction fees, which is currently about $640. Surely, my average cost per BTC could have been lower, or i could currently could make it lower by buying more, but overall I am satisfied with having had brought down my average cost to that point.
I believe the chances are fairly decent that BTC prices will rise above my average price point within the next couple of years, and on average I get about 6% per year on my other investments. So if in two years, I am able to get 6% per year out of BTC, then I would be very happy with that kind of an outcome.. 12% would mean getting to a price of $720 in the next two years... and I believe that is very likely.... and a higher price would surely be additional icing on the cake.
And, even if I do NOT make money, I believe that BTC remains a gamble worth taking, given its apparent innovative aspects. It is really an exciting kind of system that is evolving, and I believe that my investment into BTC allows for a bird's eye perspective.
I actually shouldn't even be speaking right now, but I feel a compulsive urge to be involved in this thing somehow, and perhaps this is just my way of acting out, thowing a tantrum and all that.
I've always had the feeling that I would be involved in something great. maybe it's just a dream, a dream that everyone shares?
as far as price action? that is for traders, if you want to be a trader, then you can.
personally I think we are approaching some interesting times and I'm not very excited about some of the possible outcomes.
Sounds as if you have some mysterious secrets and a lot more to tell... he he he.. but you are holding back...
Bitcoin can bring us into a lot of different areas including questions about wealth distribution and politics and even quality of life issues... .. and surely, it is nice to have a certain level of passive income that allows a person to be able to live in comfort. Some of that can come through bitcoin and some may need to be safeguarded by diversifying investments... whether we are talking about how to allocate our finances or how to allocate our time.
And as soon as there is a little drop people will scream its the end of bitcoin again.