Back at that beautiful place of having no fucking clue what to do. Not to say I am unhappy. As per usual sitting with a more then advisabley large position for what I have saved, but I have been holding like a good little boy and it damn sure has paid off.
The slow walk up to break 7k makes me feel good, but now I once again hear that nagging evil feeling that I should sell and take profit and stop being such a greedy bastard. Problem is I believe too much and sometimes that gets in the way of making good decisions. It's one of those things I suppose. Even if I hold and it dips back who cares? I can wait for however long and it will return to a higher price so no one will stop me from profiting dammit!!
What's the outlook short term in your opinion gents?
Since you are showing anxiety, your current formula does not seem to be working.
Accordingly, you need to figure out some kind of sell formula that works for you.
Currently, I am in a system that sells about 1% to 1.5% for every 10% that the price rises, with price increments that suit my current feelings - maybe every $200 to $1,000 increments, depending on where the price is at.
Of course, you do not need to pick percentages or increments that are similar to mine, but the fact that you are showing some anxiety seems to demonstrate that you need to consider some kind of system that will make you more comfortable to shave off a little profits here and there.
On a personal level, with such ongoing bitcoin volatility, I do end up using some of my sell proceeds to buy back, so it does not seem like I am wasting the fiat that tends to accumulate, and also after you do this kind of sell on the way up and buy on the way down incrementalism for a while, you tend to end up stacking up both fiat and bitcoins in order that you have some bitcoins on the top end and some fiat on the bottom end to be prepared for either BTC price direction.