Essentially I sold at the worst time at $9777 and Bitcoin is worth $2000 more today then it was then. In retrospect it was a bit greedy to sell at $9777 thinking that the lowest it could crash was $7500. This is especially true considering all the institutional interest coming through recently like Bakkt.
Also everyone is talking about how Bitcoin is making gains due to global insecurity regarding the economy. The Fed lowered interest rates and a lot of people (including myself) believe that's a sign that an economic recession is right around the corner. This is pretty exciting considering Bitcoin has never existed during a recession.
However, I don't really regret my decision to sell because that money was supposed to be my stable hedge fund this entire time. It's good to show some restraint and have a backup plan. Also, compared to my total holdings, that money isn't a very large percentage. In addition, I'd rather make my money by working (programming) than by speculating and gambling in the market.
No regrets.
The plan going forward is the same. I want to buy in slowly (shutter-step) during the months of September and October.
Price of Steem.
Everyone is still freaking out about it. I'm not. Even if Steem was doubling in value every year we'd still see a low of like 16 cents. The "Altseason" will come; just gotta be patient. I don't think of it as investing; I think of it as supporting the communities we want to be a part of.
Tread carefully.
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