You simply cannot time any top. (Traders confident in their own systems may disagree.) If you insist on selling some bitcoin
, you have to set scaled asks.
No doubt JJG can tell us more. Much more.
No need to repeat myself.You seem to have GOTS the ideaeeer, V8.
I believe in converting one peep at a time.
I smiled a tiny bit at the highlighted.
You've not coverted me.
Ain't selling at 100k, 260k or 260 mil.
gtfoh with that fiat nonsense, it's over.
You must already be independently wealthy or something then.
I recall seeing your pic, and you seem to be in the neighborhood of my own age, and I would imagine that you have realized by now that you are NOT going to live forever... Accordingly, you gotta have some cashing out plans.
Anyhow, I feel that you are baiting me into a longer response when I had said my piece... ... but I cannot resist, at the moment...
o.k... here goes:
Currently, I consider myself in a kind of BTC maintenance zone. In the late 2013 to early 2017 period, I was in a kind of accumulation mode. Of course, I feel that I did my initial accumulation by the end of 2014 - however, through 2015, 2016 and the very early part of 2017, I would still get nervous, from time to time, as if I had not accumulated enough BTC--- but I believe by the time mid-2017 arrived, and perhaps due to the ongoing upwards BTC price movements, I became less nervous about how much BTC I had - with a bit of comfort that I had accumulated enough.... don't get me wrong, I still buy on dips and sell small amounts on the way up, and even though my strategy seems to result in a decent amount of additional accumulation, I largely categorize that practice as maintenance, rather than accumulation.
What I believe should be similar to me, you and anyone else who has been in bitcoin for a decent amount of time, while only having a limited number of additional years on this planet (don't give me any of this techno-life extension bullshit), we have to start to plan to spend our bitcoins. Sure maybe we could still retain a certain amount of bitcoin because in most circumstances, we are not going to know our exact time line - unless we plan on suicide or something...
Anyhow, within the next few years, I am going to start to employ a kind of forced cashing out practice... to cash out about 1% of the value of my stash every quarter. My cashing out plan is largely price agnostic... except maybe I could have a side exception that I will not cash out any BTC so long as the BTC price is less than $5k.. or something like that... otherwise, I will begin to cash out 1% of my BTC value every single quarter.. and use that cashed out value to add additional luxury to my life (beyond what I already consider to be a relatively decent standard of living that I enjoy). I feel lucky, but I cannot imagine NOT spending or enjoying the decently vast amount of wealth that I accumulated - especially the bitcoin part of that, and the considerable appreciation of that part of my investments.