Just to make sure, I understand the concept:
Buy.
When 1st doubling happens, sell 10% of what I have.
When 2nd doubling happens, sell 10% of what I have.
When 3rd doubling happens, sell 10% of what I have.
...
right?
And it should apply to anything that seems to keep on growing in price.
Buy.
When 1st doubling happens, sell 10% of what I have.
When 2nd doubling happens, sell 10% of what I have.
When 3rd doubling happens, sell 10% of what I have.
...
right?
And it should apply to anything that seems to keep on growing in price.
The rationale is that Bitcoin seems to have much more upside (100,000s of %) than downside (max 100%), but we do not know the probabilities. It has gone up so far, but if it fails, we only know from the hindsight. Therefore a risk-balancing way is to buy in now with whatever amount you want to risk, wait for price to go up, and sell gradually after price has increased. This way both the cash and bitcoin balance keep going up as long as bitcoin price goes up.
In my opinion you should apply this method only to things that can go really high. Most things cannot
