Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
True! We are still millionairs right 
It's just so hard to take profits. I never took any profit in the last 8 years. And it's always this greedy thinking "what if I take profits and we go higher...". I bet many here are trapped in this swampy thinking as well no?
My first goal was to take profits at 40k. Then I Moved it to 50k. Then I said ok 60k for sure. And so on... Now I say ok 95k.
It's just so hard to take profits. I never took any profit in the last 8 years. And it's always this greedy thinking "what if I take profits and we go higher...". I bet many here are trapped in this swampy thinking as well no?
My first goal was to take profits at 40k. Then I Moved it to 50k. Then I said ok 60k for sure. And so on... Now I say ok 95k.
I have some leftover BTC dust in my Kraken account. I've calculated that when BTC price reaches $65k it will be worth exactly my entire fiat investment in Bitcoin. The plan is to sell that dust and get back my entire fiat capital. This will be purely a symbolic move, and a guarantee of always being in profit, regardless of BTC price. Even if BTC goes to zero (I'm being funny now...), I will still have my entire fiat investment capital, as if I never got involved in Bitcoin.
Not sure if I'll go ahead with the above plan though... If it keeps pumping above $65k (which I'm sure it will, and very soon), greed may take over. But I will definitely sell some of that dust amount, just for fun reasons (