Anyways, the strategy I'm considering is something like, when BTC crosses $100K CAD, (it's currently at $83K CAD) I plan on selling 0.01 BTC per week. Kind of like DCA but in reverse. Then possibly increasing that amount alongside BTC value, so if it crosses $125K, sell 0.0125 BTC per week, 0.015 per week at $150K, etc.
Instead of selling 0.01BTC per week, why not sell them all when it reaches your target price?
In fact, you actually know the volatility of the market and its unpredictable price. What if the price will no longer move higher over $100k and it drops again, are you gonna hold or sell?
If you BTC OP at $60k last bull season, even selling them at $100k or $90k is already a huge profit. I don't think it ever satisfies you. Remember, greediness was not bad but if there is too much greediness, that is not right anymore.
- it should be planned well and make decisions that we never have to regret. If your strategy is working effectively, then stay with it.
I don’t see any problem with OP’s strategy but I believe if he is certainly looking for bigger returns, then selling his bitcoins all in when bitcoin bull run hits the market is the perfect time. That way, he will gain massive amount of profits in just one time selling. Now, when the market turns to bearish again, that’s the time he will start buying back again with a lower price and continue with DCA. Always follow the basic, buy low and sell high. With that, you will never go wrong with that simple strategy.
However, everyone has individual strategy when it comes to profiting from our own investments. I will not say follow this or follow that because not all that works for me works for you too. But as long as you never sell at a lower position, that may seem good enough.