I am a long term HODLer and believer in BTC.
I have been adding to my position since 2013. and sold 0 BTC over time.
Obviously I am happy with the development but the worm of greed is always digging in the back of my mind. Could I increase BTC if I sold BTC for some fiat or Tether before correction and add more BTC when the correction ends.
I had no problem holding BTC when it crashed from 900$ to 200$ but I would have mental issues if I converted 1 BTC to 2400$ and had to buy again at 2500$ thus diminishing my BTC stash.
Are there any long term HODLers who are succesful at employing this tactic of buying corrections? If so I would like to hear your strategy. Thanks.
I think that it should be crystal clear to anyone that bitcoin prices always come in cycles, and block halving is the start of each cycle. Usually you see that bitcoin activity drops dramatically around 1.5 years after the block halving, nobody talks about it, mainstream media goes dead, price is just stable-ish. THat's the right time to buy. Take a look at google search trends:
https://trends.google.com.au/trends/explore?q=bitcoin you'll see each halving brings a new round of enthusiasm, topping the last.
So, if you want to start trading as well as holding, then the logical thing to do is to buy in between halvings when price is low, and sell around 1 year after the halving when the hype is the biggest.
So i suggest that if you're a long term holder, hold at least 60% in bitcoin under all circustances at all times. Use the 40% to trade only.