Post
Topic
Board Economics
Re: (SSS) - A Sane and Simple bitcoin Savings plan
by
rpietila
on 24/04/2014, 15:50:13 UTC
I'm thinking about adding a component that considers how far above or below the trend the price is at the time of the sale.  So sell more than the usual rake when it's above the trend, and less when it's below.  That would allow you to then buy back (if you choose) when the price goes down well below the trend.

Practically always when it makes new ATH's, it is also above the trend. So this correction would not be very practical, because you never sell unless it goes to uncharted territory, and when it does, it is typically overbought already.

A separate matter which is not really part of the SSS ideology at all (but which I subscribe to myself) is to use the exponential trendline sell signals with the intention to buy back cheaper later. This speculation should imo be conceptually different from SSS, so that SSS winnings are not used for buyback, only the proceeds from the speculative selling at the bubble top.

Just don't drown in all the money you suddenly make at the bubble top with these various plans  Wink