In late October, two of the traders I follow on Twitter predicted a sharp rise in the value of Bitcoin after observing a key triggering event (no, I don’t know what that was). The estimate was $7000 to $7500 which in local currency is £5300 to £5700. I decided to sell some Ether and reinvest in Bitcoin.
This turned out to be a good move as the value of Bitcoin on 30th October was approx £4700. as of today 5th November it’s worth £5700.
I’m still playing the long game so won’t be cashing in for a quick profit at this stage. The value might dip in the near future, but that’s all part of the ups and downs of crypto.