No one knows the future, unless they control it. In crypto there are a number of parties battling for control of the technology and the wealth attached to it. A number of writers have compared the adoption of the blockchain to the adoption of the internet, with the fortunes that were lost and made.

As things are at the moment it seems that the use of the blockchain is increasing exponentially, with more and more uses appearing daily. The positive side of the development is the very high returns on investment for those who choose to invest in the winners.

Unfortunately, non-wealthy people like me cannot influence the market, nor can we easily guess what is going to succeed and what will fail. Right now we have had a huge drop (50%) in the value of Bitcoin with a corresponding drop in the value of the altcoins.

So what is the best strategy to follow. I prefer caution, which means minimising risks. So I continue to sell my coins when they have made a profit, and buy low. It’s difficult to decide, given that had I sold my hodlings a month ago I would have made more profit.

Could have! , Would have!, both ideas that rely on hindsight. So in keeping with the idea of caution, I have sold most of my holdings, taking profits on them.

I hope that we are in a bear market and intend to buy more in the Autumn, depending on whether or not there has been further drops. At least I am in profit now, even if the markets shoot up.

I have kept small amounts of some coins anyway, so even if there is a big rise in prices, I will still make profits.

Having said all that, it’s easier to make profits in a rising market, and I like it when all the charts are green.