I actually sold half my coins at $10.3. Now I guess I just need to wait.
If this works out it would seem almost too easy
If this works out it would seem almost too easy
The most difficult thing for me is when to make the "call" that I feel "OK" with. Buy or Sell.
For example. If after purchasing your 10k USD? of BTC at $5 each, make the call and liquidate at $15, netting you an estimated return minus fees and initial investment of $20,000 USD. However since you may have gambled BTC value would go higher, you missed the opportunity to maximize your gains.
You make the call to liquidate 1000BTC at $10.30 leaving you with realized gains of $300 + 1000BTC. Mind you that is nothing to scoff at.
However you lost out on $4700 if you decided to trade that 1000BTC at $15, instead of at $10.30.
OR you could of traded 2000 BTC at $15 gaining $20,000 after initial investment. Later reinvesting those earnings by trading at the $8 mark getting you back in the game holding 2500BTC. Finaly you make the call to liquidate 1000BTC of the 2500BTC at $10.30 having a realized net of $10,300 and 1500BTC minus initial investment of $10k, maximizing your profits.
Trouble is hind sight is 20/20
