Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 08/02/2017, 23:24:17 UTC
Quote from: julian071 on February 08, 2017, 10:01:04 PM
Quote from: Ted E. Bare on February 08, 2017, 06:23:25 PM
Quote from: Ted E. Bare on November 21, 2016, 02:08:42 PM
Who sold at the bottom? Tongue

I did. It's a local bottom though, only slightly disappointed in myself, could've done that a little more efficiently. Needed some cold hard cash and made a deal with myself to pay off some lones I made to invest in BTC right about now, so only slightly off target.

Edit: sold 40% of my stash today.


Yeah, that 40% seems like a pretty high amount to sell - especially when we seem to be continuing to experience real decent upwards price pressures.  

I could understand selling 10% or 20%, but not much more than that.. but that is just me, and each person has to find his/her own comfort level.

Also, I personally do not leverage my bitcoin buys, and if you are either leveraging or buying more than you can  afford to lose, then sometimes you are going to feel more pressures to either lock in profits or to sell at points that may not be so clear or ambiguous in respect to the price direction.

Currently, my BTC/dollar allocation is about 93%, yet my target BTC allocation is about 92%, so in other words, I am about 1% more invested in bitcoin than would be my personally imposed authorization outline....  Therefore, I am kind of gambling with that extra 1% that I have dedicated towards BTC... in other words, I remain a bit bullish in these times, even though we have already experienced really decent upwards price movements in the past several months.