Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Guys, is hodl a paradox? When are we supposed to enjoy our riches? I've never had riches before. Should I be living in a richly place now? I've never lived in a richly place before.
I just don't know.
I just don't know.
Pick a small % (somewhere between 5 and 20%) and a starting price. Every time price doubles from your starting price, sell your chosen percent. Use a spreadsheet to pick the percent that gives you a mix of fiat and btc you can live with, assuming the wildest valuation you can think of, then stick with it. If you have spare fiat, buy a fixed $ (or euro, or whatever) amount every week. Then relax and enjoy the ride.
Is an awesome choice. Well, that is what i do lol.
Besides that, I put an stop sell limit order of a small amount on that point (5% of my total stack, i dont like to be greedy) when the price doubles from the buy, and then i try to predict when to sell it. If I could sell before price went down filling the limit order, then try to buy the dip
. I take the profits in btc or fiat, then i put another time the sell order at the same point when possible. And repeat the game 