Quote from: criptoevangelista on February 26, 2024, 08:57:16 PM

Quote from: philipma1957 on February 26, 2024, 05:52:55 PM

....

Thanks for sharing your strategy, it's something close to what I imagine doing when I'm ready to make the exit move.

You have to go with your own senses, if you are "ready to exit." No one can really tell you, and you have to figure out if you want dollar profits in the short term.. and then what is that going to get you? Yeah, you really seem to want to buy back cheaper.. but is that going to happen, and is it worth it to give up your BTC for the possibility of buying back cheaper that might not happen.

No one can tell you this. . You have to figure it out on your own... because if the price drops and you did not sell then you will be blaming others for telling you to not be selling.

Quote from: criptoevangelista on February 26, 2024, 08:57:16 PM

Quote from: ivomm on February 26, 2024, 06:32:10 PM

Quote from: criptoevangelista on February 26, 2024, 05:16:32 PM

[edited out]

You should ask JJG about that.

Thanks for the sugestion.

@JayJuanGee Could you give your opinion on this? I know that it is practically impossible to predict exactly where the target will be and that is not exactly what I would like to know...

My case is that I still don't know how to identify the best exit regions.

Of course, I have largely already responded to most of this.

You might realize that my own strategies does not rely on identifying exit points, and largely what I do is sell small amounts without any expectation of buying back, so in order to do that, you need to have enough BTC and perhaps more than enough BTC so that you are not bothered selling any of it. My raking approach to BTC selling presumes over accumulation of BTC.. and so it does not presume any ability to buy back, even though you could still assign a probability that you might be able to buy back, but from my perspective, the safer underlying assumption is to presume that you are not going to be able to buy back, so then you end up not selling as much and you might choose not to sell any until the price reaches a point in which you might be willing to shave somme off.. yet that still has to do with your having had accumulated enough (and perhaps too much).

Quote from: criptoevangelista on February 26, 2024, 08:57:16 PM

Your withdrawal strategy is based on the exit moment after building capital, in my case I am still under construction.

Exactly.. neither the sustainable withdrawal strategy or the raking strategy seem to apply to you, even though you can tweak them in ways to try to use some of their parameters, but I surely am not suggesting them for accumulating BTC, even though they can be used that way as long as you have enough or more than enough.. . .

so you could actually purposefully over prepare for up in order that you are willing to sell at various points on the way up because you overly stocked up on BTC, yet whenever you overly stock up you have to prepare for the price to go down, too.. so you have to be careful that even if you overly stock up, you are not putting yourself into jeopardy in the event that the BTC price either does not go up or the opposite in which it ends up going down and you are not able to sell any at your various price points along the way up.

Quote from: criptoevangelista on February 26, 2024, 08:57:16 PM

What would you do if you were in a capital construction situation? If you could share some knowledge so I can adapt my journey I would be very grateful.

Of course the other part that you need to do is to make sure that you have a solid enough emergency fund, reserves and a float... otherwise you are gambling. I don't recommend gambling and most of the time trading is gambling, especially if you have not spent enough time building your BTC holdings.

So my recommendation is to keep building your BTC by buying BTC.. sure you can lump sum, DCA and buy on dips.. but you also have to make sure that you have enough of an emergency fund and reserves, and the more solid your emergency fund and reserves, then the more aggressive that you are going to be in your BTC accumulation.. so a lot of people don't even save/invest 10% of their salary, but if you are able to establish really solid foundations, then you might be able to invest 30% to 50% of your salary until you get to a stronger position..

And if you tell me that your country sucks and your location sucks and you cannot earn income and the only way to earn income is by trading, then sure no problem, you could be learning trading skills, but still does not seem to be very smart to be trading bitcoin, but you might be able to find various kinds of ways to trade, make money and to stack additional bitcoin, especially if you believe that you can make more money trading than from a regular job.. but if you are just deluding yourself, you might be better to improve your regular job rather than fucking around with trading if you don't really know what you are doing because trading can be quite problematic if you are not sure about how to identify good trades beyond just following influencers or some other problematic ways of figuring it out..

Anyhow, I am not recommending trading even though there could be some guys who are able to make more money through trading than they can in their country.. and they might be able to stack more bitcoin that way.. perhaps? perhaps? you still have to feed and house yourself and other expenses that you likely have.

Quote from: AlcoHoDL on February 26, 2024, 09:02:04 PM

Everybody buys Bitcoin at the price they deserve.^TM

Why do I sense ATH will come B4 the 1/2ing?

-because you are omniscient.

Perhaps? asking for a friend

Quote from: philipma1957 on February 26, 2024, 09:13:29 PM

Quote from: JayJuanGee on February 26, 2024, 07:32:43 PM

[edited out]

hmm Nov 2021

I was at x btc
and Feb 2024
I am at x btc

But I was some debt now zero
I was x cash now 2x cash
I was 0 I bonds now some I bonds.
I was x of silver now more than 4x that.

and November 2021 marked the peak of last bull run.

Your post reminded me to go back.

I was actually trying to find some kind of record in which the BTC price was closest to today, so I had seen something that was December 31, 2021 or may as well call it January 1, 2022... so then these kinds of comparisons can be helpful in terms of figuring out the comparisons.. and I have done that previously, but sometimes the old records are not adequate in terms of when I might have had saved some documents to show a comparison.

After I made that last post, I also looked at my projected BTC sales, so even though right now it appears that I am with about 1.5% more BTC, I can look at my charts and if the BTC price shot up without any corrections and/or abilities to buy back, it looks like my BTC balance would be the same as it was on January 1, 2022 at the time that the BTC price were to hit $120k.

In other words, I am projected to sell about 1.5% of my current BTC stash between current prices and $120k, as long as the BTC price does not correct, and I consider that it is good for us to consider those kinds of possibilities, because sometimes in bitcoinlandia, we have experienced times that the BTC price goes up and it really does not correct very much.

We could even see that happen from around mid October to present, and probably we could even go all the way to the local bottom of $24,920 on September 10, 2023. There have not been very many great corrections.

Even this whole cycle, from the $15,479 bottom in November 2022, there have ONLY been a few corrections that would have had been greater than 15%.. so that largely means selling all the way up and needing to be prepared for the situation that we might not be able to buy back.. so any sales that we make should take that into account.