Also note, for anyone keeping score, that my 5% cash-out sort of became my trading stash. I got roached out at the bottom.
I am not really keeping score, but there are ways that any of us BTC HODLers/Accumulators can plan ahead in order that we do not run out of either bitcoins or cash no matter what is BTC's price direction... .In that regard, the only way that any of us can get roached
tm is if we gamble too much with our stash - whether it is the trading stash or the stash more broadly, we have to maintain formulations that cause us to never to run out, no matter the price direction.
By the way, maintaining a "trading stash" should not give license to being sloppy in our conceptualizations or causing us to take BIGGER risks, merely because we are ONLY using our "trading stash."
One way in order to NOT run out of either BTC or cash, we can calculate a percentage, so for example, I had authorized myself to sell up to 1% of the value of my whole BTC holdings for every 10% BTC price rise. We can use other amounts or conceptualize of our selling/trading limits in other ways, too.
Any of these kinds of forumulations of sales authorization limitations would likely assure that we would never run out of bitcoin, even if BTC prices were to shoot up 100x - but merely preparing for 10x can be decent too since BTC price rises do not tend to shoot completely straight up 10x without having a few corrections along the way that would allow for a reformulation of the plan and even reallocation of BTC/ or dollars based on how fast and how far the price had gone up... which also allows a refueling with bitcoins, too.
Another possible way would be to authorize yourself to sell only profits that came through BTC prices rises, so for example 50% or less of your profits.
Accordingly, if you have 10 bitcoins, and BTC prices go up $100, then you might authorize yourself to sell up to $500 and to trade with those funds (that would be $500 = (10 x $100) / 2)... Those are formulations for on the way up, and you can make similar kinds of formulations for on the way down by considering how much fiat you have accumulated and then spreading the total amount of fiat that you have available in fiat down the possible price downfall scenarios and perhaps preparing for extreme downfalls - including for up to a 95% price decline... and projecting ahead in order that you would never run out of dollars within that range of price correction.....
Of course, any of us can become stressed and nervous about major price corrections and even retroactively second guess ourselves in terms of we should have sold more when the price was up or we should have bought more when the price was down... however, either way, if we go forward with moderation and a plan, w are likely going to be able to tolerate greater levels of volatility, profit from the volatility and don't get so stressed out about the whole volatility matter because our plan includes preparation for relatively extreme price movement scenarios.. and frequently, even the most extreme of our preparations won't get tested as long as we continue to prepare and to tweak along the way.
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