Post
Topic
Board Bitcoin Discussion
Re: BTC profit taking strategies?
by
MarjorieZimmermanGinger
on 13/04/2024, 06:40:19 UTC
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.
If you already have a target to sell at what price, maybe you already have the decision to sell Bitcoin. But if the price you want has not been reached then wait until the price is reached. You can also make a percentage of sales and you can hold the remaining portion for the next ATH.

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.
That sounds pretty good regarding the plans you want to carry out, but you don't need to buy a house using installments. If you know how Bitcoin can provide benefits, then invest according to the money you have, then when Bitcoin gets the next ATH you can buy a house in cash. Buying a house in installments can be a bit of a problem for you because the price of bitcoin is uncertain and if you have no other source of income then it is impossible to cover the house installments by selling bitcoin holdings at any time.