I’m selling 10% of my Bitcoin at 80K USD to buy back in. If we go to 100K I’ll sell another 20%, if we go to 150K I’ll sell another 40%. Buy back in when we inevitably drop again. This is just my strategy. You can hate me for this but every bull market we end up over valued and every bear market we end up under valued.
Last bull market people were saying “this time is different” and it was no different.
Hmm respect your strategy but still very risky.
My Bitcoin is my exit strategy. Ain’t coming back to fiat
Agreed but this isn’t my exit strategy just a short term strategy. Every bear market our lows seem to get closer and closer to the previous bull markets ATH. This time we actually went below previous ATH’s.
I feel like the next bear market will bring us back down to 65K USD at minimum. Obviously it isn’t 100% but the odds are in my favour in my opinion.
Can understand the strategy! Good luck mate! Keep stacking 🫂
This time is different ;)
No really, banks are going under, it is different.
You’re working under the assumption that you will always be able to buy it back, and that the dip will be lower than your exit strategy. No offense, but I have been saying for years, “traders are traitors”. To themselves.
Per data, the best performing strategy is to hold long-term. You will not be able to outperform the greatest performing asset over the past 14 years with strategies that put you at risk.
Just my two sats as a bitcoiner that’s been in the game since 2013.
Day trading is stupid history doesn’t repeat but it rhymes. Bitcoin has proven this the past 5 bull markets.
Why will this 6th one be any different.
There’s being bullish on Bitcoin then there’s just being straight delusional lots of you seem pretty delusion in where Bitcoin and fiat is going short term.
It’s not delusion when you’ve seen this play out for almost a decade with your own personal stack of value, but by all means… Make your own decisions. There are a lot of things different right now.
What’s going on in the states has been occurring since 1971. Fiat still has a minimum of 20 years in my opinion.
I’ve seen the same in Bitcoin for years I’ve sold at every high since 2017. My biggest regret is not buying back in. I usually spend that money on other things. This time I won’t. It’s definitely better to buy low and sell high then to buy low and keep buying high.
I'm sorry. Why do you have hodl in your handle?
😆 bad move.
Eventually FIAT will go to zero.
Is it this cycle, next cycle, the one after that?
Idk.
I know your strategy leaves you with zero BTC when it matters tho
It’s not gonna happen overnight. Like I said Bitcoin always becomes over valued in bull markets and under valued in bear markets. Best to sell when it’s overvalued even if it’s to crappy fiat for a short time frame.
You think it's not going to happen over night because it hasn't happened to your native currency in your lifetime.
It has happened to many FIAT over night. Ask USSR. Ask Weimer Republic. Hundreds of other people's in history when their money died. Was it a nice orderly stroll to the exists?
It will be like yelling fire in a crowded theater and the theater is on fire.
You ain't buying back in on the dip.
"There are decades where nothing happens; and there are weeks where decades happen"--Vladimir Ilyich Lenin
It’s really not gonna happen overnight it will be pretty easily predictable like what happened in Zimbabwe.
USSR is an exception they geo political things happening that’s why that occurred. The states are trying to disband from each other like what happened with the USSR collapse.
We have 186 banks in worse shape than SVB was a month ago.
Yellan, on Friday, said they will insure all deposits in banks with systematic risk if they collapse. If you are a business or individual with over 250k in a small bank (not one of the big 3-5) you are an idiot if you don't pull it at 9am Monday morning.
That could cause a domino effect of banks going bust. We could loose 50 banks by Wednesday.
If you don't see that as "it coming" you aren't going to see "it coming".
Yeah it’s always excuses with every bear/bull market yet Bitcoin still continues the same trajectory it always has. All that external stuff is just noise, I follow the trend not the noise.
You do you boo.
You're going to get caught with your hand in the cookie jar (your strategy makes that inevitable) and I don't really know for what reason.
You must not fully comprehend where BTC is going.
The risk of being caught on the outside looking in is catastrophic. The reward you make by trying to time something you think is cast in stone because it happened "FOUR" times will be minimal.
I comprehend where Bitcoin is going I’m just also realistic about where it is going short term.
Y’all are a bit too bullish and it’s delusional in the least offensive way.
People like you guys are why we get overvalued during bull markets and Bitcoin haters are why we get undervalued to during bear markets. I just try to be realistic and base my predictions on that.
I just buy. All day every day.
I'm not too bullish.
All FIAT dies. As they do their value will be absorbed into BTC.
It is happening very slowly now. We will pick up momentum at some point and then slow again as the final few fiat die.
We are essentially at less than 1% right now. A hand full of companies and one country.
It will be all companies, all countries, all people.
You're going to try to time sometimes before blast off and regret it the rest of your life.
People are realizing BTC is the solution. As we have become digitized these finacial collapses spread faster and wider than ever before. You will be crying wondering why you didn't see it coming. I had X amount of BTC and could have done anything with that wealth but what? I thought I could trade and add another 20% to my stack? 😆
It is also hilarious how you say "always". Btc has had a value since May 22 2010.
Always? 😆
BTC is brand new. My grandmothers cat is older than BTC.
We have no idea what BTC "always" does.
Yes sir, learning bitcoin market cycles is a big step towards maximizing Bitcoin and its various facets to make it work the best it can for you in your life. Be prosperous friend. 🧠🫡🤠
How many BTC are we talking about? You should hold a core of 60 to 70% long term and maybe 30% to trade short term but If I were you I would just hold.
Yeah that’s what I mean I’ll always keep a minimum of 50% of my Current BTC balance but most Bitcoin maxi’s are allergic to taking profits even when the market is clearly over leveraged lol.
The problem is you can only tell what is Clearly over leveraged, AFTER the fact. 😁 Don’t get too smart by booking 1k in profit and missing out on $50k
No if you account for diminishing returns you can predict the next bull market pretty well. Most Bitcoin maxi’s I talk to however deny diminishing returns is a thing because they don’t understand how market caps work.
If you know what BTC actually is, you will forget about market cap. 😁 But to each his own.
The market cap still has to be based in reality so it is a good metric to consider. Just as we know Bitcoins Market cap won’t be 999 quadrillion tomorrow it’s pretty easy to predict it won’t go past 10 billion within the next bull market if you consider the past. Just basic deductive reasoning.
Seeing BTC market cap is already 550 Billion, your 10 Billion prediction is shall I say wrong 😆😆😆
It’s supposed to say trillion lmao.
Gold’s market cap is 10T, if you think BTC is better than gold, why would you sell at $550B “market cap”. If you don’t believe that it is better, then just buy gold. 😁
I’m not going to be selling at 550 billion I’ll start selling at around a 4 trillion market cap.
Bitcoin will surpass gold but it’s going to be more than 1 bull market before it does so in my humble opinion. Nothing to be embarrassed about it took Gold centuries to achieve that market cap. Will take Bitcoin less than 2 decades. I just truly believe it won’t be within the next bull market. If your predictions were based on reality you’d believe the same.
Wait I thought you were selling at $80k 😆. 4T takes us over 200k.
Nah 4 Trillion takes us to about 100K-120K USD and it all depends on how fast we achieve 80K if it happens within the next 2 months I probably won’t start selling at 80K, if it happens after the halving I’ll probably sell more than 10% at 80K really just depends.
When bitcoin was at all time highs the price of USD was literally 0 and negative for EUR.
If you run the numbers, bitcoin is more expensive today then at 69k if you really care about fiat.
Think in sats sir, sats is the standard and stop listening to the noise.
Sensible, esp if the 80-150 takes less than 3 months so is essentially the same ramp.
Just when I was getting over the 🧈 note this one comes along #[0]
Your post is creating a lot of discussion.
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