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hey cheers for reply, yes feels weird to agree on something
In my case, though I stated I try not to keep funds on exchanges, lately I am finding more funds than I'm normally comfortable with are ending up stuck on exchange . In large part because I haven't sent ID to any of them (I use a few) and so stuck with small daily withdrawl limits. Perhaps I need to tweak my own strategy slightly and start trusting xchange a little more. Something for me to ponder
Yeah.. to each his own, and sometimes, we may be able to tolerate a little bit of something like putting less than 10% on an echange, and still getting a decent amount of benefit by having some of that diversification and interaction with the bitcoin community and with the bitcoin prices, etc..
In recent times, I had really considered my selling BTC on the way up as a kind of downside insurance program - even though in practice, it seems to have caused me to accumulate a few more coins too... especially when we get 20%, 30% and 40% dips, like we had gotten around 10 of them during calendar year 2017.
But in the end, I am not really exclusively focused on the side-benefit of building and accumulating coins, but more largely upon creating some level of insurance for myself... and maybe in the end, I would make more money (value) by just keeping everything off line and HODLing to dee death?, perhaps?
I have already experienced that hacks can cost quite a large number of coins and even still significant amounts of gained profits and such value might not ever be recovered into overall BTC holdings (or the comparative benefits of an ALL HODLing strategy).
Maybe I do not focus too much about risks of losses (even though I do take various precautionary measures and even increase several of my precautionary measures), because there has been so much BTC price appreciation in the past two years, so in some sense, I feel as if I am playing with house money when it comes to the quantity of value that I have tied up through various exchange mechanisms?
By the way, even though I have a certain level of confidence and stubbornness when it comes to following the terms of my own authorized BTC trading strategy, I am still the author of such authorization, and therefore, I am NOT locked into what I have already decided, and at any time, I can tweak or completely transform my strategy or abandon it, if I so choose, especially if I start to perceive that the costs of such participation are beginning to outweigh the benefits, from a personal viewpoint.