Post
Topic
Board Bitcoin Discussion
Re: BTC profit taking strategies?
by
Plaguedeath
on 01/03/2024, 15:51:13 UTC
If and when the price climbs above $100K, I'll start selling in increments at 1 or 2 week intervals, based on what the current price is:

0.01 when BTC is between $100K-$125K CAD
0.0125 when BTC is between $125K-$150K CAD
0.015 when BTC is between $150K-$175K CAD

...and so on.
$175K CAD is $130K USD, it's really possible Bitcoin will reach that amount and it might be go higher than that, but considering the amount coins you want to sell is like that, I don't think you will sell 0.3 BTC because in order to sell 0.1 BTC, the Bitcoin price need to hit $200K USD.

But well, the rule is there are no rules, so you can do anything that you want.