Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 29/04/2020, 21:30:57 UTC
OROBTC : there is nothing wrong with that...except it could have been a good idea to buy some back at some lower price point, especially as there has been several opportunities since then. Unless you spent it all on coke and hookers, that's OK too.

Just looked at my stock portfolio and it went up 7-8% in the last few days, and another 5% today.

Eerie correlation indeed.

I definitely am tending to side with aesma here, and frequently, it will be a better investment strategy to allow our winners to ride a bit more, rather than reallocating them too frequently.

Sure, there are circumstances in which OROBTC may have exercised decent prudence to reallocate back to 1% at the top of the BTC market, but seems a bit much under a lot of scenarios.  Bitcoin had gone us 78x in just two years, and even cashing out half of the profits, rather than going all the way back down to the original allocations would have been a decently prudent approach that would have still allowed a lot of profiting from BTC while at the same time setting oneself (portfolio) up for even better returns in the future.. .given bitcoins continued strong fundamentals, in spite of its 85% price correction.