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I Hive A Crypto Question

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@cflclosers
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So I hive a crypto question and it has to do with exchanges, namely, Coinbase.

I have trying to figure out for a year or so what I might do as the bitcoin halving approaches and how I might benefit from it.

It started a year ago, well last June really, when I decided to stop powering up steem and keep my earnings liquid so that I could either diversify a little bit or go into bitcoin before the halving.

At the time I was 100% invested in steem as a result of turning $4000 worth of btc into about $1000 worth of steem during the bull run lol.

But I did feel that steem had potential and it was certainly more fun than watching btc go up and down. Little Did I know right?

So I wanted to be a little smarter and make a plan. The plan was to get into btc for the halving and take the profit and buy more hive. So far I have taken the liquid hive I received for holding liquid steem and buying btc during our recent pump.

Just so you know, I sold a day early and didn't benefit from the massive gain in hive price. I sold on the way up at $.41

So now that hive has been converted to bitcoin and is sitting on Coinbase waiting for my next move.

So here comes the question. I had a sinking feeling in my gut that having my btc on coinbase could be a trap. I thought to myself "What if Coinbase halts trading of btc during the pump before the halving?" (that is my crypto question from my post title by the way lol)

I would totally freak out if I wanted to bail on btc and coinbase went down. Well sure enough my fear was real.

It was reported that last night when bitcoin pumped over $9,000 that coinbase crashed and no trades could be made. That is so nuts and I am about 99% convinced that this was done on purpose. I have no trust in them at this point because my irrational fear and doubt in the might coinbase came true during a practice run at the pump.

So I'm looking for the hive community to weigh in and advise me on a few things.

First, should I get off coinbase and send my btc to bittrex? The reason I sent it to coinbase in the first place was because of ease of use. It is simple to use and they have all my info already so I can cash out in dollars if I need cash.

Second, is my plan to ride btc up, then sell, and buy back hive with the proceeds a good idea? I like hive but don't really feel like it is ready to move forward and catch on as a mainstream platform.

The hard truth is that had I stayed in btc and never gotten into steem in the first place I would be way ahead financially instead of down over 50%. ( In fairness, had I not powered up and posted I would be down a lot more so steemit was helpful rescuing some of my money)

But I don't want to repeat the same mistake. Maybe I should keep my btc and let it ride instead of buying back hive with the proceed.

Anyway, can't wait to hear the advice from the crowd and keep in mind that commenting could get you rewards from the POSH initiative.