Someone asked what to do with their 0.5 BTC…here’s the answer by Albert Sanchez-Alvarez!
You have 1/2 of a BTC. Which put you in a rare group, let me tell you who else is in this group. I think you will be surprised.
First Crypto Markets are in a free fall in value at this point, but that is not a bad thing, as a correction was needed. This correction has taken way more time than most had expected but it has given this space time to organize itself or morph into something that may be huge.
In 2018, as the prices fell, we have seen a stampede of institutional investors jockeying for position in the crypto currency market. Companies like Fidelity, ICE (They own the New York Stock Exchange), JP Morgan, a bunch of banks in and out of the US, a bunch of Central Banks around the world and individual people of wealth are all accumulating bitcoin and other crypto currencies. If this is happening then why are the prices not going up, because these transaction are taking place in what is know as the OTC markets witch do not affect the price on the exchanges, yes, very sneaky.
So what does this mean. Well it means that Smart Money (professional investors) are hip to what this space could become and rinse rich people like being rich and want to stay that way so they are buying this stuff up like crazy.
Think about this for a moment, only 21 million BTC will ever exist, it is believed that maybe 4 to 6 million BTC have been lost for EVER because their owner lost their computers or died with out willing the keys to anyone and no one, NO ONE, can access these coins. This bring down the number of BTC from 21 million to say 17 million (factoring lost BTC) according to one estimate there are 36 million millionaires in the world which means there is not enough BTC for all of them. You are in a great place!
There are predictions that BTC and the crypto world will see another bull market in 2019 with BTC passing its previous high of $20,000 to $50000, if it hits this mark the average person, who is not paying attention to this space now, will suddenly open their eyes and jump in and push it even higher. The result will be yet another crash as profit taking takes place by those, like you who have it now, but once the dust settles the new low will be around 25,000. This will repeat itself over until it, wait for it, becomes the world currency usurping the US Dollar. By the way for it to become a world currency its value must hit $750,000 leaving gold in the dust, lol.
So, to answer your question, not knowing your age, financial situation and assuming you don’t need the 3800.00 right now for heart surgery I will recommend you learn how to safe guard your coin so you don’t become one of those who lose their computer or keys. (GOOGLE man loses bitcoin in dump and have fun reading these stories) study a scam called Bitconect and then stay the hell away from schemes like them as there are some very smart people are working overtime to separate you from your bitcoin. If you don’t need this money now then just leave it be, secure it in a hard wallet put it in a very safe place, back up the keys somewhere, and then just ignore it for a while. Oh and pick a price where you would like to sell. And at these prices it would not hurt to buy a little more.
This is just my 2 satoshis. Best of luck.
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