Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by AlcoHoDL (1)
I already have so much extra cash just from small sales on the way up
Remarkable result, given the 0.63BTC you may or may not have. He seems to be a very frugal soul!
I really like seeing US policy turning more and more pro-Bitcoin. If the plan to establish a Strategic Bitcoin (BTC, not crypto) Reserve really goes through, we should expect to see a huge, possibly order-of-magnitude (10x) price increase in the coming year or two. It looks like 2025 will be a very interesting year for Bitcoin HoDLers, different from (and better than) past cycles. It could even mean that the "rinse and repeat" cycle strategy of some of us should, perhaps, be revised to something like "never rinse, buy when you can, sell when you must". I, for one, am very hesitant to sell large chunks at the supposed peak of this cycle ($200k? More?)... Will it really be the peak, or the beginning of a major long-term uptrend? Will there ever be a "Bitcoin winter"? Perhaps I'm too bullish and will miss the chance to multiply my stash by "selling high, buying low", but I just can't bear the thought of selling and not being able to buy back.
It's kind of sad that the EU does not follow suit and is still very anti-Bitcoin, but the US is bound to affect EU policy sooner or later.
Onwards and upwards. What a time to be alive!
It's kind of sad that the EU does not follow suit and is still very anti-Bitcoin, but the US is bound to affect EU policy sooner or later.
Onwards and upwards. What a time to be alive!
You probably know my selling on the way up philosophy by now.
Only sell as much BTC as you are willing to accept not being able to buy back.
In other words, don't expect to be able to buy back any of the BTC that you sell (presumptively on the way up), and therefore choose your quantity of sales of your lil precious accordingly.