Post
Topic
Board Speculation
Re: Automated posting
by
jbreher
on 20/01/2016, 07:54:54 UTC
Furthermore, initially, I had been thinking that if I get into this thing (bitcoin), what are my liquidation possibilities and potential exit strategies.

I don't think in terms of liquidation or exit. In my planning, I have built a number of laddered 'diversification points', none of which, itself, divests a large percentage of my stash. Risto codified this as his 'SSS' strategy, though the concept is obvious in and of itself. The basics being 'every time BTC value increases by N*, sell M%', where N and M are constants of your choosing. In my case, each diversification point is enough to make a significant upgrade in lifestyle, without depleting principal.

Either this thing goes where there is no reason to exit, or it crashes to nothing. For me, there is no in between.