Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Very annoyed OG HODLER.
That makes two annoyed OG HODLERs.
Getting mighty sick of the mandatory mask mandates, despite everything dropping and starting to get under control.
It's all political theatre.
*breathe in and out Bob. Don't get angry. Go hit another bowl of Gods' herb*
That's simply what god gave us the herbs for
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)
Etc. etc. etcYes, i am also a fan of this ladder approach. My message was more for the kind of "i'll sell it all at now, because who knows if bitcoin will ever reach this high regions in the future again"...
Better version: If you intend to sell it all when moon, sell only 90%!
Fair enough... I suppose 90% is better than 100%. I can see that angle - even though personally, I remain worried about the necessity of those kinds of plays, too...
Accordingly, you will hardly see me compromising in that kind of seemingly timing of the market mindset direction - even though I do appreciate that there could be personal circumstances that might justify a bit of a different approach... even though that selling 90% approach continues to feel like a kind of gambling mindset, rather than an investing mindset.
By the way, I feel that I do compromise in regard to my suggestion that peeps need to determine how much to put into bitcoin, and I suggest starting out with a consideration of 1% to 10% of quasi-liquid assets, and suggesting that a minimum of 1% is a potentially prudent approach... even though 1% also seems a bit whimpy to me, but I have a kind of understanding that sometimes people may need to get accommodated to an investment such as BTC and also to get used to it.... so surely, I am not opposed to considering ways to individually tailor approaches while also even going outside of the suggested range based on personal circumstances....
At the same time, I am just considering mindsets of selling 90% as a road that is a bit too far - and I have difficulties with relating to those kinds of gambling mindsets - unless there is an actual excuse that is based on short life expectations or some exogenous demands, rather than attempts that seem to be merely timing the market... Might be just me, unless there would be some particular circumstances that might be pointed out that would allow me to appreciate that such an approach would not be a kind of gambling.
Sure, this definitely has gambling at its roots. Mind.... erm... you-know-who was also, put straightforward, just gambling. Cashing out 100% in a low, (pretending to be?) satisfied by a couple hundred % yield. WTF!
I'm no friend of this gambling stlye, too. But the ones that are, should only gamble-out 90% and leave 10% in for reasons hodlers know about.
I end this for lack of a better explanation here, because god was very generous today, when i got over his herbs. #nohomo