Quote from: Raja_MBZ on May 12, 2019, 08:48:23 PM

Quote from: JayJuanGee on May 12, 2019, 08:26:42 PM

I will look forward to it... You will gloat, as the BTC price flies through $20k, and I will assert that you are "full of shit", while both of us laugh are way to the bank (in the $30k plus arena.. because we won't be hanging out in the $20ks for very long).

OMG! Someone, please merit this guy for me!

Quote from: JayJuanGee on May 12, 2019, 08:26:42 PM

No need to worry.

BTCgonna do what BTC does, and we seem to have enough cushion that any of us HODLers should not be worrying too much... and if we are worrying, we have a bit more profits that we could skim off in this $7k price range in order to prepare us for $5,800 or lower, just in case....

Let's say, for example, our total stash is only 5BTC. Let's say that we have been struggling for about the past two years to acquire BTC with every paycheck and upon every price dip. The reality of the matter is that if we really fear going down to $5,800 or lower, we could shave off somewhere between .05 BTC and .25BTC (that is between 1% and 5%) to prepare our BTC portfolio for such eventuality... personally, I would only play with the smaller amounts, but I understand that some guys (and gal) might be willing to risk a higher amount in order to prepare for down... but we should know that we are preparing for both down and up.. accordingly, we have to be able to tweak our holdings, if we are feeling uncomfortable in order to cause more comfort.

I am not always comfortable, but I have sold a bit more than 2% of my BTC portfolio with the price rise from $4,200 to $7,585... Whether I am able to buy those BTC back or not, I remain somewhat neutral in my feelings.... therefore if the price goes down, I will use some of those proceeds to buy back the BTC that I sold, yet if the BTC price does not go down, I am o.k. with that outcome too... because over 96% of my BTC to fiat value remains in BTC...

Win-win situation, I love it! I tried to do the same with a little part of my holdings (about 5%) yesterday, which is totally stuck in Binance for now. Sold at $7400 and thought the same thing, "if bitcoin goes down, I'll buy back from this USDC bag, if it doesn't go down, I still win with my remaining holdings". But then I bought back the BTC (FOMO'ed at the dump) at $6800 as I liked the little 0.03 BTC profit off that Binance bag.

Next two hours are critical.

Send him 50% of my stash, Cheesy