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.
With that amount of bitcoin, I am sure that you can achieve your goals.
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.
To be honest this does not seem too much of a good idea. Well I see the logic behind it but it’s not the best execution why? Because you never when the cycle will dip and if you had already planned on buying something at a specific time then you might not be able to pay it off with only that much sats (satoshis) you wouldn’t want to be cornered into an emergency and suddenly sell your bitcoin at a wrong time just to pay something