Agreed; my "HODL in all situations" is emotional. The original SSS plan is non-emotional. I have a small enough basis that I don't care if it all goes to zero in a flash; well, I will be disappointed but ok. Anyone taking more than an insignificant portion of their wealth into such risky investments should do it with a plan like SSS.
SSS is non emotional but it starts with a lot of money and only sells from there, each time the price doubles. That's not a realistic scenario for today. That's for people who bought/mined thousands of BTC when it was worth a few dollars or less.
Sure this SSS gives a guideline - but you are reading it way too strictly if you believe that you are not able to employ it to your modern day bitcoin investments or acting as if it only applied in ancient time.
I think one of the central themes of the OP and the thread is to create a plan and to customize that plan to yourself.
Sure, I don't agree with every point of OP, but I do agree that the ideas outlined creates a good framework for thinking about your investment, planning ahead in regards to your various cash out points.. and to establish those ahead of time, somewhat to your best ability.
Even someone who invested in bitcoin 2 years ago in the 200s could have had a large number of opportunities for cashing out, all the way up to $3k..
Personally, I employ more of an incremental hybrid of this. I cash out approximately 1% of my holdings for every 10% price rise; however, at the same time, I reserve what I cashed out for buying back during price dips... So in essence, I am not cashing out in any kind of meaningful way with a "rake" as described in OP - however, the concept of rake does allow me to feel o.k. about leaving some of that money on the table.. in the event that the price does not go back down or even completely removing the cashed out money from the system and enjoying myself with it... so yeah, instead of a 10% rake for every 100% rise, I am employing more incrementalism.. while at the same time reinvesting some of it... so in that regard, I have tailored SSS to my own thinking and considerations while attempting to understand the applicability of some of the goals to my BTC investment plan and strategy. Maybe I am doing a SCS ? hahahahaha.. a sane and complex savings plan or a ICT? a insane and complex trading plan?
Whatever, part of my point is that the concepts are still applicable to modern day bitcoin, even if they are not followed strictly, and even if Risto has abandoned the btc ship to monerolandia.
