Ok, Im going to sell 15% at $25,000. JJG, youll be happy to know Ive perfected my plan now in theory.
Way too much way too early. 1% maybe at $100k. Maybe.
I think well see $100,000 per
BTC in 2021 (mid to end of the year). Itd just be nice to take something off the table a bit earlier. I was a millionaire (GBP) in unrealised/unbanked
BTC during the last bull run & I sold nothing.
The drop to $3,000 was gut wrenching, I thought Id ruined my life by selling nothing near the top.
Im not going to make that mistake again this time. I know everything points to us breaking 6 figures (USD) per coin on this cycle but I want some insurance against a potential crash.
Ill be selling 15% at or near $25,000.
Dont do it in one hit. Scale out.
Sell 1.5% for every $1k rise from $20k to $30k.
That way if it hits $23.5k and retraces you wont hate yourself. Also if it hits $30k you wont hate yourself. It also gives you time for fiat from selling at $20k to hit your bank account before you deposit Bitcoin for sale at $21k, meaning you reduce your exposure to exchange risk. Once the fiat hits your bank account, transfer the fiat to another account with a different bank.
Personally I think $25k is too low a target but I can appreciate that some people may have a hell of a lot more than me invested in Bitcoin and need to recoup a fraction of their investment.
Make sure you have a longer term plan for Bitcoin hitting $1 million in another 10 or 15 years.