My rookie tip: If you ever sell, don't sell it all, keep at least 10% of your corn for hodling.
I am thinking about a formula that aim to NOT sell more than 10% for every range - such as every 100% (or maybe less selling and a greater range?)
But it would go something like this:
Let's say that you started buying BTC at or near the top of the last bubble, but you stuck with it and you kept dollar cost averaging in. Accordingly, you have a average cost per BTC that is around $8k per BTC, and so you are a bit concerned about what to do.
You decide that you will sell no more than 10% of your stash for every time that the BTC price doubles (if it does)
Therefore, you have authorized yourself to sell 10% of your stash at any point of your own choosing at each point within the below prices ranges:
1) $10k to $20k (10% of total stash)
2) $20k to $40k (10% of total stash)
3) $40k to $80k (10% of total stash)
4) $80k to $160k (10% of total stash)
5) $160k to $320k (10% of total stash)
6) $320k to $640k (10% of total stash)
7) $640k to $1.2m (10% of total stash)
![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
Etc. etc. etc
Reasonable? Maybe? Maybe not, but I know that no matter at what BTC price range that I am within, I am hanging onto most (90%) of my BTC within that BTC price range, and I can plug those numbers into a spreadsheet to project the size of my BTC stash and to consider whether I believe that those sales amounts would be reasonable for my own particular situation.
I can project, based on the speculation of my particulars, what will be the amount of BTC that I sell at each price point, what my BTC amount remaining after each of those projected sales points, how much fiat will I have raked in from each of the sales points, how such raking in of fiat adds up at each of the sales points (and cumulatively), and am I comfortable with those numbers?
If I am comfortable with the numbers, then I execute my BTC sales in accordance with the plan
If I am not comfortable then I tweak some (or all) of the variables of the plan... and reassess them until I am as comfortable as I can be with such plan in order to feel executing such plan when the BTC price reaches my range (or a specific price that I have chosen within the price range).
Anyways... I think The Dude is a ladies' man, so I'm pretty sure he won't have trouble getting another princess soon... If I had a daughter, I'd send her his way... Nice guy, coiner (most importantly), and a guaranteed life of luxury and pleasure...
![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
What more could a girl ask for?
Oh my!!!! I may have been away too long to let you guys get carried away....
Who let the dogs out...
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fstephenthelawyer.files.wordpress.com%2F2018%2F09%2Fwho-let-the-dogs-out-back-in-the-90s.jpg%3Fw%3D432%26h%3D404&t=665&c=O3LmJNvS520K0A)
Seems a bit much to be vouching your daughter(s) over to random interweb peeps. #nohomo
This correlation with legacy markets is god damn annoying. I don't even need to check the Bitcoin price any more, just check nasdaq, s&p, gold.
When is supply finally going to be overrun so that we can decouple from this bullshit.
It is most likely to happen when you least expect it
(or when you are not watching)It's the observer effect.