Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Perhaps, I may have to change my cashing out formula because the formula allows for my selling about 1% for every 10% price rise, so for example, if I start out with $100, and the price shoots up 10x, then I have cashed out about the equivalent of my original investment of $100 but I still have about 9x of the principle which is $900. The same thing is true for the next 10x and the next 10x, so if anyone follows such a formula, then he would not run out of BTC to sell in the event that the price continues to increase by 10x, yet he will have accumulated a lot of fiat, to decide whether to keep it for reinvesting (because I don't think that we ever go up a straight 10x without some kind of price correction in there) or to cash some or all of that fiat out.
Why cash out at all if you already have enough fiat? Why not just ride the whole stack up?
Yeah the real question for me is whether an incrementalist approach or defensively trading established macro trends would be optimal.
Maybe either approach could work as long as you account for the likelihood that we are in an exponential s-curve, but you recall that the past few weeks including yourself are asserting that we are in a bear market.. or even entering into a bear market how the fuck do we know, until we are in it for 6 months..? yeah we can have hunches and kind of bet on the hunches, but still exercise incrementalism.... Part of my point is that we don't really know and we are safest to hedge both directions, but mostly (and largely up.. because we understand that the fundamentals are UP).