Post
Topic
Board Speculation
Merits 3 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
OgNasty
on 14/02/2024, 18:04:51 UTC
⭐ Merited by LFC_Bitcoin (3)
We are in BULL market.
Surely, you can try to buy a dip, but mechanical sell ladders?
A firm NO from me unless you have to sell to cover some expenses.

In an early bull market, you buy remain all in, buddy, it is as simple as this.
Don't overthink it.


ftfy

I’m also firmly against sell ladders. It’s beyond obvious at this point that Bitcoin moves in a 4-year cycle. I don’t think there’s many people left that deny this. There’s never been an easier asset to trade (and I don’t trade it). You just buy in 2011, 2015, 2019, 2023, 2027; and you sell in 2013, 2017, 2021, 2025, 2029… Do this and you’ll make a fortune. You could also just DCA until you want to cash out. Setting up sell ladders though… In what world or with what backtesting has this been considered a good idea?