Post
Topic
Board Speculation
Merits 3 from 3 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
suchmoon
on 17/06/2022, 14:08:24 UTC
⭐ Merited by Dabs (1) ,vapourminer (1) ,JayJuanGee (1)
It seems that the longer that any of us have been in BTC, then we figure out some systems that kind of work for us to attempt to be able to take advantage of the BIGGER BTC price swings...   buy more frequently or even more quantity when the BTC price is going down.. and don't buy as much when it is going up or maybe even selling some BTC when the price is going up.. but then perhaps at some point, there might be situations in which there is a feeling of having too much BTC, too.. if that is possible...?   perhaps?  perhaps? 

Maybe. But I'm nowhere near "too much" and I think I'm sufficiently non-aggressive at buying to ever get to "too-much"
(again, except for catastrophes). Everyone should do their own math and figure out the balance of comfort and excitement. I'm not trying to take advantage of some specific swing or trend. Questionable risk/reward aside, for me it's just too time-consuming and/or stressful to attempt that.

I have sold small-ish amounts three times in the last 2 years: at ~12, ~37, and ~51 (or 52 or whatever) so not particularly well "timed".  But thanks to the recent dippening, only one of those sales hasn't been bought back yet, and even if it dips below 12 I still won't have "too much" but I will have a lot more BTC than I started with, so my stress-free low-maintenance get-rich-or-bankrupt-slowly "strategy" seems to be working fine.