The only way for Bitcoin to lose now is by being overtaken by another cryptocurrency. So, the question now is, what do you think the odds are of Bitcoin failing (let's say going to a market cap <100 Million).
Well that is very unlikely to happen. Also I don't want to be losing 99% of my wealth so I would jump out first, much before.
This jumping out, if it for some reason gains traction, could make the air (market cap) go from one balloon to another really fast.
Nobody can be complacent.
Risto,
You pointed to the SSS strategy for raking a % in case BTC/USD climbed at a given price range, a strategy I fully agree to.
You also pointed to hedging BTC position with an equivalent position in XMR, wich I also agree.
I'm interested to know about your exit strategy in case Bitcoin values come below certain USD values. I mean, what percentage of BTC would you sell (for USD or XMR) at each price range?
Thanks.
Bitcoin has a long history of steep dips, yet it has always gone higher. I think it is prudent to
.
Same applies to Monero of course.
Don't invest in BTC/XMR any money that you cannot lose. And sell so much in the tops that you can take the dips to zero if need be, without getting tempted to sell at the bottom.