I was toying with emptying a crappy paying savings account and buying a handful coins a few months ago with the intention of offloading them after a short term rise without touching my original amount.
Now it's here, and this rise would've done me fine but of course I failed to get around to it, I'm wondering what everyone else's strategies are.
Do people have set price levels that they'll divest some or all either up or down from here, hold all of them until the concept of selling them becomes ludicrous or somewhere in the middle?
Now it's here, and this rise would've done me fine but of course I failed to get around to it, I'm wondering what everyone else's strategies are.
Do people have set price levels that they'll divest some or all either up or down from here, hold all of them until the concept of selling them becomes ludicrous or somewhere in the middle?
You are not getting it and are still deeply infected by the fiat disease. Why would anyone in his/her right money exchange sound money (Bitcoin) into crappy money (fiat)? The point of owning Bitcoin is not speculating on the inevitable devaluation of fiat currency (leading to a corresponding price increase of Bitcoin), the point is ending the era of the fiat scam altogether. The correct anchor point for value comparisons is Bitcoin, not fiat, which is subject to interventionist policy and inflationary devaluation.
So my "strategy" for Bitcoin is pretty simple: Buy, hodl, and use it as money to buy goods and services. I'm glad that it's still possible to get something as valuable as Bitcoin for all the fiat junk - thanks to all the trader type speculators that are eager to sell it...
ya.ya.yo!