I cash out at least 50% every rally which ensures both that I am able to enjoy life and that I have something to show if/when bitcoin finally crashes for good. It makes me much more confident about hodling the remaining portion.
how do you figure out when to cash out your 50%, exactly? or how much to HODL in preparation for any rally?
For example, it seems that you had removed yourself from bitcoin during the crash from $1100 to $200, and you were reluctant to get back in. Also, you were talking bear talk all the way up in this past price run, all the way up past $1,, you were talking bear talk, and then further you became even more bearish above $8k, so perhaps you did not have any bitcoins remaining that you could cash out, even above $1k or even above $7k...
Are you sharing a formula that others could actually use, or are you just making up some random non-specific and bearsicle practice that attempts to get HODLers to sell more?
I had actually theorized that I would sell up to 50% of my HODLings at one time or another when the price was going up, especially if I were to sense that BTC prices were reaching a blow-off top.... however, I am glad that I did not follow such a practice, and really, I remain unclear about when to determine a blow off top, and in that regard, selling less than 20% of my stash incrementally on the way up has given me a whole hell of a lot of fiat to play with, so I cannot imagine selling more, or figuring out what else to invest in (besides bitcoin), if I were to invest.