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.
My General strategy.
1) I try to keep my bitcoin and crypto to no more than 20-25% of my net worth.
Some may think this is low, others too high. This what I am comfortable with. This includes realestate etc.
2) With price appreciation in the crypto portfolio , I generally recycle out profits to three areas, stocks, Gold, and US dollars ( short term).
A) Stocks I use for income and capital appreciation.
B) Gold for long term stable holdings ( relatively speaking)
C) US dollars for buying more Bitcoin or to withstand bear markets.
3) Generally I am recycling some alt coin profits into BTC and Gold right now.
4) I got involved in Bitcoin in 2013 and have maintained my position. ( total number of coins ) While harvesting profits and recycling them into other assets.
Goals:
1) I want to maintain my total number of BTC
2) Recycle out some profits from trades for other assets or increased life style.
I am definitely not as big a holder in BTC as some of you, but is has been a great ride so far.