Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
JayJuanGee
on 22/09/2024, 21:31:29 UTC
Use only EMA200.
buy/long at EMA200 sl at -5%
sell/short at EMA200 sl at +5%

You must be referring to the daily moving average.. but I cannot see why you buy and short at the same place... Seems quite degenerate.

Bitcoin is the kind of asset that you don't need to worry about selling.. just continue to buy at any price for maybe 4-10 years or longer and then reassess.

Actually I recently heard a podcast interview with Adam Simecka, and he recommended to try to get your situation so that you can live off of 50% of your income and then to buy bitcoin with the other 50% (presumptively at any price), and then he assessed that after 8 years you would be in a position to live off of your bitcoin.. which on the face seems somewhat reasonable and potential for guys who might be able to do some variation of that..