I have a better rule. I keep 50% of my coins in cold storage, and don't plan to access them until 2030.
These coins are not going to be sold at short term peaks/valleys, and are my bet for long-term wealth creation.
These coins are not going to be sold at short term peaks/valleys, and are my bet for long-term wealth creation.
a few have the 50% rule
only invest an amount that if 50% was lost, wont make you want to commit suicide.
if the price doubles and you really need the funds, sell half (meaning 100% ROI while keeping half as bitcoin)
if that remaining half doubles. sell half of the remainder.. keep half (25% of original stash sell 25% of original stash keep)
if that remaining half doubles. sell half of the remainder.. keep half (12.5% of original stash sell 12.5% of original stash keep)
but only sell if you really need the funds or you think you can use the funds to buy in cheaper later if its just an obvious speculative spike
i don't have the habit of clicking on random links so i don't know what OP is talking about with his 3% rule but this makes sense. and i am kinda doing this too.
mostly with my altcoin trading, i keep my investment and take out the profit, but things are easy in altcoin market as you get the 50%+ so soon.
i have to add this one to the details of my investment
