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?
If you plan selling 0.01 BTC, or a little more, per week, it's going to take forever to sell 1.5 BTC: even if you sell 0.015 per week it means that it would require 100 weeks to sell them all. 100 weeks is pretty much 2 years, by that time we'll probably be in bear market again. Your plan is not bad at all but if you actually want to sell you should do it in a couple of months or little more, not in 2 years.
It depends at what price did he buy the bitcoins? because there is no guarantee that bear season will return in the next 2 years and the price of bitcoin will fall below the price he bought it at or will continue to rise higher in the next 2 years? Have you noticed that since the introduction of the bitcoin ETF, things have become more and more unpredictable and do we still have a 4 year cycle?
Everyone should have their own investment plan and always follow the market, we should limit giving advice to others because things are becoming more unpredictable.