Post
Topic
Board Speculation
Merits 3 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
bitmover
on 01/01/2024, 11:36:10 UTC
⭐ Merited by JayJuanGee (2) ,Biodom (1)
So even though I began to employ a kind of strategy of selling around 10% for every doubling of the BTC price, I never really depleted my status of being overinvested into bitcoin because due to BTC's price appreciation and inspite of my continuing to sell on the way up starting from $250, the amount of my allocation to bitcoin went from 13.5% in late 2015 to nearly 80% in late 2017 and then corrected back down to its lows of 45% at various points of 2018 and even the correction of 2020 did not bring my holdings below having around a 55%-ish allocation into bitcoin.. and so even with such practices, I believe that I had some highs that were in the 90%-ish arena, and then maybe currently I am around 75%-ish.. so I continue to be quite overallocated in terms of my original goal of 10%, but then I think that i also could adjust my allocation to 25%, but that still does not cause my 75% to come down unless I sell on the way up, which largely I continued to be quite conservative in my own practices, and I am doubting if I am ever going to really resolve the matter, because I have come to a newer philosophy about letting your winners ride.. even though there is still a kind of underlying justification to be able to sell whenever I want in order to keep the bitcoin allocation into some kind of control.. because I am thinking that the correction in 2022 when we were at our lowest of around $15,479 in 2022, I probably still was not probably not less than 65% allocated in bitcoin as compared with my other quasi-liquid assets in my investment portfolio..

That's a huge overallocation

I am about 23% invested in bitcoin (of my original 5%, and after 20% liquidation in 2021) and this rate above 20% still bothers me sometimes. But I think I am not that overinvested.

There are good opportunities outside crypto ecosystem too (I think even bonds were interesting last year)

I am personally starting to build a small stash of uranium etf, thinking about nuclear energy expansion, and it has been performing quite well.

But BTC still has a better thesis than most assets and I think it will surprise everyone again with new ATHs. I will try to liquidate using this new tool we develop, and I will try to understand this rake strategy too which I didn't read yet.