Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Ibian
on 17/02/2018, 11:06:33 UTC
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?  
Because shit happens. And it allows for buying back lower down.

Finally, you stepped out of your race hating hut, and you proclaimed something that makes a whole hell of a lot of sense...

I had a quick flash thought of giving you a merit that dissipated quickly when I realized that I cannot give merits for just a string of one good post.  hahahahahaha   Tongue
Got nothing to do with hate.