Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

I hereby confess that today I sodled some at 105k+

As I'm bad at timing the market, we will probably go up soon...

Since 2016 I haven't sold anything from my stash... only forks and airdrops..

This is my way of celebrating the 100k mark ... there won't be any 100k parties anyways Roll Eyes

0.1% of my stash turned into fiat... enough for ramen + egg for the next week!

Thank you Badger King !

You did the right thing. "Timing the market" often ends in losses, it's really best to sell on the way up, but be aware that if you sell more than you just need at the moment, you could well recover your stash with the extra money within the next bear market.

EDIT: You guys may notice me posting more frequently again, since my actual daytime job is finished until February or so. It was very exhausting bc of tight deadlines but quite profitable, so i luckily don't have to sell Satoshis for a living.

That's really tempting, indeed. If I sell double the amount I can buy back everything at a 50% drop. Triple the amount, buyback at 33% drop and so on.

However I have also had the experience selling too much with the market going up afterwards and never coming down again.
That's still quite a trauma for me. The safe bet is probably the "only sell when you must" way. But your stash will decrease over time.. so yes, it's tempting !

While, you have to be more precise when it comes to "going up" and "going down", because it's unlikely that we deviate from the 4-year cycle "law". I tried short-term trading too when i was fresh in the scene, but i left this habit for good with slightly burned fingertips. We can agree that after an ATH it always "came down" again, and it always "went up" beforehand. I'd follow JJG's advices, he's the pope of DCA and laddering orders. Let the system do the work for you.