There's only one question: there's no stop loss policy. So if BTC never reaches the price where we can get the original investment back by selling and then goes to 0, we will definitely lose most of the investment because we cannot sell any more. In extreme case, if BTC never reachs $2000 and goes to 0, we have no chance to get money back. Even if it reaches $2000, we cannot get much from it if it never reaches $4000 later.
Any thoughts? Is this plan completely based on the assumption that BTC will keep exponentially increasing for a while and never goes to 0? Should we set up a stop loss policy so that we can at least get something back in the real crash?
Stop loss is a tool for suckers. This plan assumes that you invest what you can afford to lose. One of the most important features is that you never sell when prices are trending down. That will soon reverse the trend and keep your coin stash intact.
If you are the type that thinks in dollars and wants to cash out the original investment, I suggest the following:
at $2, do no sell
at $4, sell the original amount (which is 25% of your bitcoins now) Now you are clear.
afterwards, sell according to your rake.
If this is too risky for you, you are investing too much. Think again with a smaller initial sum.
Many forum frequents actually have too much % of portfolio in bitcoin now, after the recent runup. If you are 10% rake type of guy, it means you should have $20,000 worth other financial wealth per every BTC100. If your rake is 20%, you should have $50k per every BTC100. If not, then sell! Congratulations! You have already completed the initial doublings of your plan