Chopper is getting out of the dark slowly but steadily
well my 47075 ladder up sold
next one is set for 49432
I don't want to judge, but as @jjg says...
surely...the values in the ladder don't have to stay fixed and could/should be adjusted from time to time.
That said, it could be good move (or not), we shall see.
Whenever I sell, I do not intend to buy back, but if accidents happen (such as if the BTC price were to correct more than a certain amount such as 6% or 8% or 10% or greater), then I would end up buying back.. and the magnitude of such correction to be necessary is going to vary depending on where I am sensing I might be willing to buy back (and surely those buy back orders are preset, and they are kind of globally established and adjusted from time to time.. but then at other times tweaked when the stop making sense or start to feel somewhat imbalanced in terms of buy back spread, or price between buys intervals or amount to buy back at the various price points).
I am pretty sure that in around September and mid-October, my BTC sell orders were placed around $1k apart between $30k-ish and $40k-ish, and then the last several were around $1,500 apart, yet I have not bought very much back between $27k (in mid-October) and now... and I set them up in such a way that I already know that I am o.k. with those consequences.... I have been largely engaging in a similar kind of practice since late 2015 and the BTC price was around $250 when I started and my spread was probably around $3 and my increments might have been around $2.50. I am pretty sure that I had even tighter spreads and increments back then (even in terms of percentages).. and I got a quite a bit more relaxed with the passage of time. So in the last three months, my lack of buying back much if any shows that there have not been very many corrections that were large enough to trigger very many buy backs. maybe some of my buy backs that were in the 8% to 10% arena ended up getting triggered a handful of times in the past 3 months..
AT right around $56k, my BTC sell orders begin to be $2k apart, and then at $72k they begin to be $3k apart... they go to $3,500 apart and $5k apart at around $100k and $120k respectively... and so sometimes, I just play the numbers by ear regarding if any of those gaps or the amounts need to be tweaked (I think that my gaps for the $70k to $150k range were the same since about 2021 (since we did not hit them), but based on some current feelings of imbalance, I might need to tweak them a bit in terms of their amounts but probably the intervals will remain somewhat similar as they are now.. and actually sometimes I don't know exactly how I am going to tweak them until I write them out first, and then after I look at them, then I might figure out if I am comfortable with keeping them or maybe if I might need to adjust them.... ..
I already sense that currently I have some irregularities in my buy back orders based on the passage of time without any significant buy backs between $27k and current prices, but also there is a kind of an UPpity streak that we have been on since $15,479 that contributes to some needs to rethink some of the placement and the size of those buy back orders. Currently, they go quite a bit below $20k, and so at some point they will need to be adjusted, and I will likely keep them on the books down to at least $20k-ish.. even though it is starting to seem quite unlikely that any of those lower prices are going to be hit..... even with a wick or a black swan event.. yet there is some security in keeping them there.. and at the same time, if they were to start to get close to being hit, such as if BTC prices were to go back below $30k, then I might adjust the buy back orders between $20k and $30k in order to account for the odds having had gotten higher for further down, even though at some point there is likely going to be no further bottom,
...just like it is possible that we will never see below $42k or $44k again.. I don't know the odds of that, and I recognize that it can be more difficult to assign odds while we are seeming to be in a bit of UPPity pressures turmoil.. kind of around the ETF news and rumors... but it is possible that we might not ever see below $42k or $44k again... those of us prepared for UP (and I surely consider myself in that camp, since I think that it is quite possible to continue to be prepared for UP, even if shaving off small amounts of BTC at various points along that UPpity journey, if it happens) don't necessarily care whether we get a further dip or not... .. but even if we take the most recent UPpity jump from $43,213 to $47,281 in about 17 hours - or do we want to say $43,750 to $47,281 in 10 hours?... either way, we have right around a $4k rise in a pretty short period of time, so we may more may not end up getting retracement to the extent that buy support can keep up with a quickie.. a nearly 10% move upwards.
In other words, if we get close to $55k, I am likely going to wake up...
Maybe I will start to wake up even as soon as $53k-ish?
50K for me. I’ve had a lil sell order there for months. Because of course I do.
and by the looks of it, will fill quite soon.
GO BITCOIN
No complaint from this here cat, and likely demonstrates ways that we can sell relatively small (or even decent sizes of BTC, but not really that much of our total BTC stash), and then still be pretty much prepared for UP, down or whatever... but the no coiner and the low coiners are still figuring out whether or not they should get in.. or when or even when is there going to be a sufficient enough dip. and so it is a much better feeling to let the BTC price to come to you, rather than chasing it, even if you might sometimes get frustrated at the places that you set your orders and if the BTC price might barely miss your order (not quite fill it)..
another thing is that if some of us have spent years and years accumulating BTC then we are not even being unfair to be "dumping" onto others who still don't have many if any coins.. yet even for the relative newbies who had been stacking BTC in the last three years (which means that they consistently stacked through the whole of the higher prices in 2021), there might have been a lot of stress in the whole process of the glory and then the dip, but even those consistent stackers are going to be in the ballpark of getting close to be nearly 100% up in the size of their stash, and if they had been consistently stacking for 3 years, it would likely be quite difficult for any of their peers to even come close to catching up to the size of their BTC stash.
Look at the guy stacking
$100 per week since the beginning of 2021 would have invested $15,700 but stacked 0.5534 BTC (currently valued at nearly $26k), and surely not a bad place to be.. even if he might not be a person of great wealth, it would be a good thing to be someone with more than half a bitcoin... even though it took nearly 3 years to get there.
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