Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
mindrust
on 27/01/2020, 07:59:01 UTC
⭐ Merited by JayJuanGee (1) ,ivomm (1)

Increment%   30.00%         Amount to sell%   5.00%   
   
   Sell Price         BTC balance      BTCSellamt   $ValueHoldings   soldValue   soldTotal
   $11,111.00   10.00000000      0.50000000   $111,110.00        $5,555.50        $5,555.50
   $14,444.30   9.50000000      0.47500000   $137,220.85        $6,861.04        $12,416.54
   $18,777.59   9.02500000      0.45125000   $169,467.75        $8,473.39        $20,889.93
   $24,410.87   8.57375000      0.42868750   $209,292.67        $10,464.63        $31,354.56
   $31,734.13   8.14506250      0.40725313   $258,476.45        $12,923.82        $44,278.39
   $41,254.37   7.73780938      0.38689047   $319,218.41        $15,960.92        $60,239.31
   $53,630.67   7.35091891      0.36754595   $394,234.74        $19,711.74        $79,951.04
   $69,719.88   6.98337296      0.34916865   $486,879.91        $24,344.00        $104,295.04
   $90,635.84   6.63420431      0.33171022   $601,296.68        $30,064.83        $134,359.87
   $117,826.59   6.30249410      0.31512470   $742,601.40        $37,130.07        $171,489.94
   $153,174.57   5.98736939      0.29936847   $917,112.73        $45,855.64        $217,345.58
   $199,126.94   5.68800092      0.28440005   $1,132,634.23        $56,631.71        $273,977.29
   $258,865.02   5.40360088      0.27018004   $1,398,803.27        $69,940.16        $343,917.45
   $336,524.53   5.13342083      0.25667104   $1,727,522.04        $86,376.10        $430,293.56
   $437,481.89   4.87674979      0.24383749   $2,133,489.72        $106,674.49        $536,968.04
   $568,726.46   4.63291230      0.23164562   $2,634,859.80        $131,742.99        $668,711.03

I think I have a problem with this strategy, at $70-90k I would rather try to squeeze more FIAT out of my btc than waiting for a higher price because this range will likely be the next ATH. (debatable)

I would also never sell anything till it reaches above the last ATH so selling at $11k, 14k, 18k and even 24k is just throwing your money away. (this is pretty much not debatable for me) From those price points btc may go down again and create an opportunity to buy back more bitcoins but, is it worth it?

You should sell your btc only when it is worth it. At $11k? It is definitely not.

I would start dumping a bit more % but also start doing it when it goes above $30k. Till then I would keep DCA'ing. My DCA amount would go lower and lower while the price climbing up but I would still keep buying.