...Bob seems to be in the middle of making his plans regarding exactly what he is thinking about doing, and so he is providing us with a kind of blow by blow account of his decision-making process, which seems to be an attempt to sell upon BTC price rises, rather than selling during a period in which the BTC price had just dipped or could be in the process of further dips.
Pretty much this. I know I'm planning on selling xx% of my stash to retire, but on my terms and hopefully when it's on a high. I'm not going to sell in a bear market as I've been bullish long - Not going to get my coins cheap, damnit !
If the price doesn't recover to a place that I'm comfortable selling at, I wait another quarter. Not ideal, but I've resigned myself to waiting till Q2 if needed.
I've told myself that "As long as I'm left with $10M USD worth of BTC, after I sell off enough to fund my retirement for the next 20 years, I'll be happy."
Happy is a relative term though. At these prices, I'm technically "happy... enough..." I would like to sell off my BTC feeling "very happy" if you know what I mean.
I should probably just shut up until after I've executed my plans, and pray it's still in the cards for end of Q1.
Don't like this action around $14k territory. Makes me nervous.
No shit, all this volatility is really starting to stress me out.
I'll be happy when I'm "out" and have the portfolio set up and working for me.
The BTC I'm left sitting with will hopefully appreciate nicely over the next 10 years or so.
/randomthoughts
I know that each person is different regarding how much is comfortable to be secure (and how to allocate risks), and I totally agree with the concept of selling as the BTC price goes up, rather than some other scenario, but I tend to think that you may have been attempting to time to cash out "a big chunk" too much....
I know that I am beating a dead horse and kind of a repeated theme from me; however, I think that if your goal was to make an interim cashing out of BTC around the value of 60 BTC at $17k, then you could have started cashing out in 10BTC increments and met the same result with an incrementalism something like this: 1)10 BTC at $14,500, 10 BTC at $15,500, 10 BTC at $16,500, 10 BTC at $17,500, 10 BTC at $18,500, and 10 BTC at $19,500...
Of course, you were thinking about a lump some, yet variations of incrementalism can achieve the same results without getting caught up so much on one price point, but still achieving the objective.. without stressing out too much about it.