We need to redefine what selling means. "Cashing out" or "taking profit" sounds too positive when what they are really doing is jumping back into a sinking boat called fiat.
I would not call selling small parts at various points as the BTC price going up to be cashing out and/or taking profits, even though the BTC is more in profits if you sell on the way up versus if you had sold prior to the price going up. And you also have to assess the size of your stash.. so maybe if you ONLY have 1 or 2 BTC and you are trying to get to fuck you status, then you might not be in a position to be selling BTC.
So for example if a person was right above fuck you status he were to have 66 BTC, and I decided to sell 2% every time that the BTC price increased by 40%, then he surely would not be eating very much into his stash. He could even decide to sell 0.5% of his bitcoin every single month without reference to the price (except maybe some hesitancy to sell if the BTC price were below or near the 200WMA, so I don't see the problem with those kinds of sales. He could actually do both things if he wanted, or maybe shave the percentages in regards to how much he is selling if he is worried about a possibility that he might be selling too much.
Now if a person is selling with an intention to buy back at lower prices, or if he is not sure if he has enough BTC or if he is still in his accumulation stages, then he might not be in a position to be selling his BTC - because he is anticipating trying to buy back at lower prices and he does not have enough and he would be gambling rather than acting prudent because the BTC price might not go back down.
Of course, we already heard of guys selling some of their BTC because they want to purchase some BIG ticket items, and surely those are personal choices and maybe they have already exhausted various other fiat resources that they have, and so all that they have left is to sell some of their bitcoin. I am not sure if I would agree with that, but guys surely have to make those kinds of decisions while realizing that they might be better to defer those kinds of choices a bit longer and they might not have to spend as many BTC, but then again, we cannot really know for sure either, even though a lot of us longer time bitcoiners are tending to see that BTC seems to be in quite a bullish set up right now in terms of facts on the ground, and so we might not be able to really know if we are being tricked into something or if our BTC are likely to be worth 2x to 3x more in the coming 6-9 months give or take 3 months.. and even the possibility of other scenarios of BTC getting into 5x to 15x price territories in 9-18 months give or take 3 months..
I feel that I have never been into selling too many BTC too soon, because it has frequently been my position that there is a need to get to a position of over accumulation before you are even in a position to start to sell your BTC, and surely we can have differing viewpoints in regards to when we might cross over the threshold of being in a state of over accumulation. There are some guys who believe that over accumulation is not possible, so I think that we can agree to disagree on some of those kinds of seemingly personal preference matters.
I also personally believe that for an overwhelming majority of normies there is a need to attempt to fit into both worlds in order to have more options and probably not to be targeted, so that could be part of the rationale for having some diversification in assets, because there may even be some targeting of normies who don't have accounts in both worlds who might try to exclusively stay within bitcoin circles, which ends up giving fewer rather than more options, even though on paper some of the bitcoiners might have millions of dollars, but they might not have had developed easy on and off ramps.
We need to redefine what selling means. "Cashing out" or "taking profit" sounds too positive when what they are really doing is jumping back into a sinking boat called fiat.
slice a piece is a very small % under 2 % of your coins
taking profit is maybe selling 5% of your coins.
cashing out mean total sale of all coins
the real question is what is between taking profit and cashing out.
if you sell 50% of your coins it needs a name (stupid comes to mind)
Yeah.. even though I might not agree with some of your formulas, sometimes, but yes, each of us should be able to figure out some formulas that allow us to feel comfortable with the quantity of BTC that we are cashing out and the quantity that we are allowing to ride, and there could be some points that we might gather that we are selling too many coins, and we have to cut back and use funds from other sources... but yeah, if you give yourself a budget to sell 5% of your stash between $72k and $92k, then that could potentially be reasonable, especially if you had not sold more than 2% between $36k and $55k, and maybe this is assuming that your average cost per coin is not any more than $18k, so your lowest priced sales that started at $36k already had a 100% profits and you were ONLY shaving off 2% of your stash between $36k and $55k.. and then when the price traveled between $76k and $92k (presuming it gets there) you plan to shave off another 5%... so part of the rational might be that as long as you have more than enough BTC, and your costs per BTC are largely less than $18k per BTC, then you have quite a few options, and you are taking out relatively low amounts of BTC and you still well might be allowing your BTC to compound in value if the price continues to go up.
And so we could come to differing numbers in terms of how much would be permissible to sell, which may also vary depending on where you are at life, and maybe even if you might have other systems in place in regards to how many BTC you would be allowing yourself to sell - for example monthly... such as my earlier example of up to 0.5% per month.. but at the same time if you are employing both systems then you might end up selling more bitcoin than you need to sell, so then you start to cheer for downity because you oversold and you are expecting to buy back cheaper, which might not end up happening, especially given our current price location including that currently we are still in the middle of noman's land.
What I suspect might happen with you, Phillip, is that you probably are cashing out under various systems and rationale, and you likely are not really getting a lot of compounding effects out of your BTC, even though you are shaving off profits from time to time..and I would conclude shaving off too many profits... but yeah, sure maybe in the end whatever you are doing is making sense in terms of keeping the shaving off within acceptable limits for an elderly guy, but might not be acceptable for someone who might be younger and be needing to defer more of his gratifications.. and someone who might not have had accumulated enough BTC.
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