What are you going to do at or around your seemingly modest target?
About a week and a half ago, I had already gone through a process of figuring out and then setting my sell orders after $150k and then up to around $450k, and sure I may have had been cheating a little bit since I had already outlined a tentative plan earlier in 2024, but then I thought that I could sleep on the tentative plan until BTC prices started getting closer to $100k, and so we kind of got stuck without getting too much closer to $100k, but then by December 4th / December 5th, my sell orders up to $150k started to seem quite scarce and as if they could easily fill and then catch me off guard without having any sell orders on the books.. so I did not want that.
Anyhow, it feels a bit better to have the numbers in place, and yeah, each time we get into these price discovery areas there are some disorienting aspects and at the same time some grounding that comes from making the readjustments.. like $100k is our new floor or something like that... even though sure, the floor could be pierced, but $100k becomes a new Schelling point... in which it seems more likely that we are going to Schell (if that's a word?) above rather than below the Schelling point.
Without giving too much away, I’m going to take what I deem as a lot of money out between $140,000 - $200,000. I still remember being deluded in 2016 and 2017 as a moon boy, thinking it would keep going up which led to me selling nothing. The ensuing bear market was tough because I had a lot of regrets. I said then, that would not happen to me again.
If the price continues to rise past $200,000 and we end up in some type of super cycle I will just sell more as we go up. Absolute maximum % of the current stash I am willing to sell is 50% this cycle but in all likelihood it will be 25% or thereabouts.
Obviously the plan will be to buy as much back as possible in the inevitable bear market that follows in 2026/27.