Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Biodom
on 31/12/2023, 03:58:27 UTC
⭐ Merited by vapourminer (1) ,JayJuanGee (1)
#3 2x in $$ would be nice (don't care about 5X), so I don't dismiss it and will look at it more.

Maybe I am not very clear about what you mean here, since if you and I have been into bitcoin a similar amount of time, we both went through 2015, so we both have had the opportunity for more than 7 doublings, just at today's price... so just another doubling or two?  that is what you are saying that you want?  But then would you be pulling out large chunks or just a reasonable chunk?.. so if we have a 2x from the previous ATH, or from where are you measuring 2x?  The most logical point is to measure 2x from the current price, but that barely brings us out of no man's zone which still seems like anything under $100k is still a kind of bat country... so the suggestion that I had in the chart of $130k was tailored for some things that TrueMyth was saying. .but maybe that is a comfortable area for you too. .it is right around 2x of the previous ATH... just shy of it.. but still might be more reasonable than to expect BTC prices that do not end up being reached, if you are considering withdrawing meaningful chunks, whether that might be 15% to 25% or some other amount in that kind of a territory. .which surely would be a lot for me to even contemplate anything in that ballpark, but I am not going to completely say "no" to those kinds of possibilities... because I doubt that I would be hurt either way.. but I might be a bit more inclined to wait out a bit of a higher price, but I get so nervous about large strokes that I would just rather cash out 3% to 5% every 30% to 40% up rather than putting a lot of stress on one price point. and maybe that is part of the reason that I roll a wee bit different than you in terms of my own personal situation - whether it is psychology or other factors that might just be tied up in the way I have always done things that likely is a bit different from your seeming ways.


In this segment I was strictly talking about raking measured in $$, so 2X would be increasing my yearly $ spend 2X.
Similarly to rpietila, i am thinking about raking as a slow or very slow (and never ending) divestiture from btc to fiat and NOT about btc amount management.
In my mind, once i sell btc, I think it is gone and it is unlikely that I would be able to replace it. Others can do it, it I never was able to do it properly.