Post
Topic
Board Bitcoin Discussion
Re: BTC profit taking strategies?
by
oktana
on 03/04/2024, 23:40:11 UTC
What do you guys think? Does that sound like a reasonable strategy? Is there anything else I need to consider?

Yes. I think this is a reasonable strategy. And actually, when I read the topic, what came into my head is exactly what you are narrating. One reason why this is a good strategy is that you end up selling at different prices. So if Bitcoin is 100k CAD, and you sell the quantity you said, if it happens that the price goes to 120k CAD, you’ll sell again and you will not feel left out of price increments because you are gradually selling.