Quote from: FinePoine0 on March 22, 2024, 09:34:37 AM

Quote from: BrotherMencius on February 29, 2024, 05:07:46 AM

Hey guys,

My wife and I have been investing in BTC since around the last ATH, so this coming halving is the first one we've experienced. As a result, we need to figure out a profit-taking strategy. I was hoping to get some input from the community here.

We currently have around 1.5 BTC, and our ultimate goal is to be able to use that to help us buy a house and be able to retire at some point. Nothing too crazy. I'm hoping this bull cycle we'll be able to at least get a decent down-payment on something, then maybe over the next cycle or two be able to pay it off.

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.

Since it's impossible to predict exactly what will happen to BTC price over the coming bull market, I'm hoping to get a decent return over the course of the cycle without completely selling all of our BTC. Then when it inevitably flips bearish again, start DCAing back in like we have been up to this point.

What do you guys think? Does that sound like a reasonable strategy? Is there anything else I need to consider?

But if you have 1.5 bitcoins you should definitely keep it. And if you decide to sell too soon, you'd be wrong. The current month of March is the month before the halving takes place. The halving will start in April, the year after the halving 2025 there is a Bitcoin bull market. If you can wait till 2025 then surely you can sell bitcoin at 150k plus dollar price. So I think you will benefit the most if you decide to stop selling Bitcoin at present and continue your hold until 2025.

But do you have any evidence assuring OP that bitcoin will reach $150k after halving? Or is what you say just your prediction like everyone else and it may or may not happen? We all expect a bigger bull market after the halving but we have nothing to guarantee it. Furthermore, there is nothing wrong with setting investment goals as long as you are satisfied with the returns you have set. If OP sells bitcoin at the current price and is satisfied with the profit he receives, there is nothing wrong.