Poll
Question: Closing BTC Price June 28:
$0 - 5 (2.6%)
<$7,000 - 4 (2.1%)
$7,000-$7,499 - 0 (0%)
$7,500-$7,999 - 0 (0%)
$8,000-$8,499 - 1 (0.5%)
$8,500-$8,999 - 3 (1.6%)
$9,000-$9,499 - 4 (2.1%)
$9,500-$9,999 - 27 (14.2%)
$10,000-$10,499 - 26 (13.7%)
$10,500-10,999 - 15 (7.9%)
$11,000-$11,499 - 14 (7.4%)
$11,500-$12,000 - 17 (8.9%)
>$12,000 - 59 (31.1%)
>$20,000 - 15 (7.9%)
Total Voters: 190

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21254519 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (68 posts by 16 users deleted.)
JayJuanGee
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How much alt coin diversification is needed? 0%?


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April 30, 2018, 07:37:14 AM

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.