Ha ha. Not to worry. I can handle a crash. I have my investments allocated so that I can weather most storms. So don’t be sad for me it it crashes (but do be happy for me if it keeps rising. You talk of taking a profit, but you fail to realise that for the new generation they measure their wealth more by bitcoins then cash. So if they sell stock for example, they don’t look at how many $ they have made rather they measure it in bitcoins, and they use bit coins among each other, whether for playing poker, buying and selling cars or watches etc.
I know you mean well Mr Anabolic though some might say its you who is the troll!
Troll? I'm trying to convince you to cash in and book your virtual profits, but you won't! I'm actually trying to help you.
This is the largest speculative bubble in history. I've seen many bubbles in my time, but this one takes the cake. Tulips smell/look nice, Beanie Babies were cute and cuddly and Pet Rocks were heavy and could be used as weapons. However, a bitcoin is a digital illusion. You can't even hold one in your hand.
Here is how the great bitcoin crash will play out...
When the last of the greater fools has bought, the smart money will begin to exit. Sell orders will eventually overwhelm the exchanges. The sell orders will bottleneck and not get filled until days later, but at a much, much lower price. Some of the ex bitcoin millionaires who didn't sell will be jumping off high buildings without parachutes.
That my dear sir will be the end of the largest bubble in human history.
