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=21Wisdom.
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?
I will not sell most of my reserves under any circumstances. The only thing I see myself diversifying into if it is appropriate is real estate.
I am hoping the lightning network and other layer 2 solutions begin to flourish over the next years, and my strategy will be how to move sats into channels via which I can pay for the needs of daily life. I am a simple man with absolutely no need for "Lambos",cannot afford the years taken off my life due to any drug habits, and don't want hookers.
I would like a home in the mountains, and possibly a place by the sea... perhaps I will try to combine those two things and move to the up country in Maui. Then I just need enough to pay the bills.
I suppose that sounds boring.
That doesn't sound boring at all. It sounds idyllic and I couldn't agree more. When it happens, I'll invite you to one of my homes in the mountains in exchange for a visit to one of yours!