Beating Buffett Series
I have not been writing for almost past one week. That is due to the stagnant price of bitcoin at around US$613 and all other altcoins lingering at the bottom level, indicating a kind of capital flight out of crypto market.
However in expectation of a bitcoin price rally I sold off most of the altcoins in hand and bought more bitcoins when it dipped slightly to $610 just within the last 24 hours.
True enough, a sudden surge came, minutes ago, to $640.
For those who are speculating, probably it’s a good time to profit take. And for longer term investors, you can expect this to be only one of the few waves that will push the price of bitcoin towards the $700 mark.
Oh by the way if you have enough spare cash and patience, the altcoins are really not that expensive now.