TKay asks "How do you try to find the peak of the next big bull run, what percentage do you sell and how do you sell it? For example 50% at 50k, 30% at 100k and the rest at 300k or from 90k every week a percentage?"
Here's my response!
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I not sure that I will ever want to cash out. I can live on less than 1K USD/month and don't really see any reason to change this. For me this is about unconfiscatability more than anything else. Government has gotten completely out of control. Badge wearers are licensed grifters, or more technically, cleptocrats. Everyone else will foolishly buy lambos, but I'll be looking for a Pinto.
For this reason alone, I refuse to buy a new car and always drive used even though at this point I can easily afford new.
When bitcoin reach 50K i'll sell 80% of my btc to get my gains because i know about market cycles and if it touch 50k it has to go down again for sure.
Blessings
My prediction:
(predictions are never true, I just want to say it)
The next crypto bubble will be the biggest bubble ever. It’s not coming in 2021, it’s going to take much longer to form.
It’s like a tsunami, first, the sea disappears and lays low, then it destroys everything. We’re going to see a long and painful bear market.
Bubble in 2023-2025
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Mine is not a number but an opportunity to change my lifestyle with the value in my portfolio! It will continue to evolve as I accumulate more!
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I will only follow my heart. In my opinion the highest price can occur at any time like a gambling game. If the highest price reaches above 75 percent, I will sell it.
There is always a cache really, I think my strategy for cashing out will depend on how much I might have lost as a result the bear market. So I might even have to sell 70% and you know buy back up when the anticlimax starts hitting. That's it sell when it's highest and then buy back when it's reducing or reduced
Similar to Cost Averaging while buying Bitcoin, Cost average while selling Bitcoin. But not over a wide price range. Don't try to predict the exact top . Wait for conformations before selling your Bitcoin. HODL strong
I am a bull on BTC still, but are there any studies,what consumes more electricity, ordinary bank transfers or BTC/BCH powered tranfers ?...
(there is an overwhelming truth in climate change :
https://www.liberation.fr/france/2019/08/14/extinction-rebellion-la-desobeissance-civile-fera-emerger-un-debat-sur-le-changement-climatique_1745153 )
Great response I know you would give a nice idea and suggestion to such ideas
Nice. You must surely be a great trader then to know all these tactics
Nice. You must surely
Be a great trader then to
Know all these tactics
- adedapo-glory
I'm a bot. I detect haiku.
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Wish I can be a good trader also like you
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Great answer. Timing the top is impossible. I've only done it one time and it was totally was luck.
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