Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

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.

My recommendation is to take a bit of profit at every major pump. Not much, just a little pin money so that way if it goes down you can think "well, I have this little pile of money from when it was up, all is well" and if it goes up MOAR you don't feel like you sold the stash.

Ok I was not quite honest. I sold some BTC in February at the 57K top. The problem is, I bought crypto back after the dump. So all in all I do not have any fiat in my hands again Cheesy

I might consider to sell some if we go near 6 digits and stake that as usd coin on crypto.com. Gives a whooping 14% yearly revenue. And if the crypto market crashes, you continue making money with fiat based crypto. That would be 140k a year if you stake 1 million. That's almost 12k a month of passive income with low risk, besides if crypto.com does the mtgox or the fiat currencies completely collapse.

These yearly yield of 14% are never guaranteed.. Can change almost day by day, and I would be not that confident of this yield when we will be for a while again in a bear market... I don't say it is a bad idea, but maybe dont put too much expectation on it (especially for the yield in a medium-long term). And yes, still the risk to loose your fund as well as you send to a exchange / third party your crypto for this kind of stacking.