Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
gappie
on 30/07/2020, 14:00:53 UTC
⭐ Merited by vapourminer (1)
If you thought holding was hard over the past few years, just wait until the #Bitcoin  price is ascending relentlessly, instigating you to sell down your stack.

*Develop a strategy now and do not deviate*

Strong-handedness is more critical in bull markets than bear markets.

https://twitter.com/breedlove22/status/1288682370090950657?s=21
Wisdom.

During bear markets we tend to accumulate as much as we possibly can but, as you said, during bull markets we could capitulate due to too much excitement. Having a strategy allows us to be more confident all the way up.

Again, Dude, this is wisdom!

Talking of strategies to sell some, what are strategies being planned by others here?
  • DCA over a couple weeks with start of first sell triggered by target price, technical indicator in combination with date
  • BTC backed loans to carry you to the next bull peak. Pay back when BTC rate improves.
  • Selling put options. Hedge to not miss the top, but can be costly when the bull gets going.
  • Do you sell to USDT or some other fiat linked coin?
  • Where do you invest/save your new stack of fiat in the current economy?