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Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Xinarae*
on 22/09/2020, 11:39:22 UTC
⭐ Merited by JayJuanGee (1)
My rookie tip: If you ever sell, don't sell it all, keep at least 10% of your corn for hodling.

I am thinking about a formula that aim to NOT sell more than 10% for every range - such as every 100% (or maybe less selling and a greater range?)

But it would go something like this:

Let's say that you started buying BTC at or near the top of the last bubble, but you stuck with it and you kept dollar cost averaging in.  Accordingly, you have a average cost per BTC that is around $8k per BTC, and so you are a bit concerned about what to do.

You decide that you will sell no more than 10% of your stash for every time that the BTC price doubles (if it does)

Therefore, you have authorized yourself to sell 10% of your stash at any point of your own choosing at each point within the below prices ranges:


1) $10k to $20k (10% of total stash)

2) $20k to $40k (10% of total stash)

3) $40k to $80k (10% of total stash)

4) $80k to $160k (10% of total stash)

5) $160k to $320k (10% of total stash)

6) $320k to $640k (10% of total stash)

7) $640k to $1.2m (10% of total stash)

Cool Etc. etc. etc


Exactly true 10% fact but long time holder can be possible profit 100% or higher oppose go back to see bitcoin up-down $3500-$4200 but next time was first move to $7000+ in the short time, in the better way to small profit randomly to possible higher profit  if though possible exacly range point.