a good friend of me have given that advice many times to people in his family or friends that don't understand BTC and especially trading crypto.... (but have an intrest or believe in a future of it)
*after many years in crypto like you its always a good strategy i think (a hodler strategy)
-but for beginning peeps its also the best kind of strategy to enter the space .....
to just don't look @the price and buy each month the same %of fiat incomes into BTC (no matter what the prices are)
i do not buy every X-time same amount, but have my own ways to earn BTC that i hodl, but i do put X-amount in cold storage just to keep HODLING for very long time ....
How long is a very long time? Some would say that nine years is more than enough. I think a better approach would be to set an amount to sell at once it hits, green or red, in swings off course. Imagine a scenario where everybody holds their coins indefinitely with no trading? Spending your coins is essential to its growth and future.
nice avatar btw, been seeing a lot of hats on the forum lately. whats up with that?i do have some coins that i use for spendings and payment, but i also have my hodling piece.....
but if youre not a trader don't have any clue then i think buy X-% at every same time period ain't not to bad and maybe yes to put in a Number to cash out on
the hats is happening in the WALL OBSERVER thread ask around there
i know i'm a long term HODLER..... i just think i would like to always keep most of my BTC holdings,@least 50%
I personally don't believe in the term "Long Term Hodler", as I think everyman has his own price and a lot adopters own was the initial ~$20,000 All Time High. I have no idea as to how many bitcoin you currently own but, Honestly would you still keep upto 50% of it should it reach a high of $50,000 tomorrow or Sell and hoping for another fall such as the current market ?
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i just think 50k is for sure a price where i would keep at least 50% of my
BTCoffcourse if it would reach that tomorrow then i probably will sell some cause that kind of UPgoing wouldn't be healthy and would have a nice DIP to buy with it