See text. ETH is one of the last one's standing and I think it will have a major catchup fall. Options are the way to do it. With a risk-reward of 15x. I could be wrong, but I'm right more than 1 out of 15.
My rationale and a little advice:
Bitcoin's chart looks incredibly sick, the bull trap breakout was a disaster and signals a change in momentum with significant amount of distribution while not seeing the massive down-day volume it has seen in previous bottoms = people are still hoping it goes up (and dwelling on what their account was worth and wanting it to go back up before they sell out). For those that are in that situation and haven't sold out YOU ARE NOT TOO LATE... You will never be able to time the peak, lots of coins have massive market caps that have no utility and are not stores of value. I know wall street and the media is talking crypto up... but remember they were the same people that laughed at it at the bottom - they'll be wrong twice.
Pat yourself on the back that another bubble happened and you were long and made some money. BUT REMEMBER TO CASH OUT SOME (my advice is most)!!! You can take your highly speculative gains and reinvest it in something that pays a dividend and has expected compounded gains over the next 20 years. Imagine if you sold Bitcoin at the previous peak and reinvested it into something like the QQQ, SPY, QQQ, VTI, etc. With compounded returns and dividends you'd be better off, especially if you sold alt coins that became worthless only to miraculously get resurrected by pumping. Speculative money should not be a huge portion of your net work, that's why people rebalance!
Just a bit of advice, as I went through a couple busts already. It happens fast and we are in the early inning sin my view, and the more it goes down, the more you look at any kind of bullish chart setup over optimistically only for it to consistently fail as these fake breakouts providing liquidity for the smart money to unload some more.
My rationale and a little advice:
Bitcoin's chart looks incredibly sick, the bull trap breakout was a disaster and signals a change in momentum with significant amount of distribution while not seeing the massive down-day volume it has seen in previous bottoms = people are still hoping it goes up (and dwelling on what their account was worth and wanting it to go back up before they sell out). For those that are in that situation and haven't sold out YOU ARE NOT TOO LATE... You will never be able to time the peak, lots of coins have massive market caps that have no utility and are not stores of value. I know wall street and the media is talking crypto up... but remember they were the same people that laughed at it at the bottom - they'll be wrong twice.
Pat yourself on the back that another bubble happened and you were long and made some money. BUT REMEMBER TO CASH OUT SOME (my advice is most)!!! You can take your highly speculative gains and reinvest it in something that pays a dividend and has expected compounded gains over the next 20 years. Imagine if you sold Bitcoin at the previous peak and reinvested it into something like the QQQ, SPY, QQQ, VTI, etc. With compounded returns and dividends you'd be better off, especially if you sold alt coins that became worthless only to miraculously get resurrected by pumping. Speculative money should not be a huge portion of your net work, that's why people rebalance!
Just a bit of advice, as I went through a couple busts already. It happens fast and we are in the early inning sin my view, and the more it goes down, the more you look at any kind of bullish chart setup over optimistically only for it to consistently fail as these fake breakouts providing liquidity for the smart money to unload some more.