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.
I don't really know about much strategies but we can likewise make money for ourselves if we can listen to the Bitcoin fundamentals. There is money to be made in the market and the only we could go about that is when we check for latest news about Bitcoin. Just like now that everyone is waiting for the Bitcoin halving which is a hof reason for us to make profits from the market if we can hold and keep holding till that time comes. Fundamentals just like listening to news is one of the ways we could benefit from buying and holding Bitcoin. There is no need to try to trade it since holding can be very profitable.
You will win with Bitcoin fundamentals, it is a great option. The truth is that I had not been able to assimilate something like that, because a fundamental thing is when things basically go to a very extreme degree , whether it is news, an event, generally it is always something that makes things go down and falls. the market, like covid-19, when it came out all the markets fell and that was something that generated a lot of panic, maybe there you will enter the market downwards if you win with a good flattening and hitting very hard, maybe that way Yes , but it is difficult and it must be done very quickly to anticipate the movement.
On many occasions things can be efficient, if we are Trying to see things from a very external point of view where we almost never have much action with the market.