How is selling .01 BTC at 53xx being oversold? Especially when the market rose like $500 USD the last time that I made a trade. I'm now employing the same system you are employing. Unfortunately, there hasn't been many dips lately to properly get the BTC back.
You could not be employing the same system as me - because I do not get anxious about buying back at a lower price - especially to fill an order at 4-6% less than I sold (as you suggested that you were planning to buy back in a $200-$300 increment)...
O.k... sure I might get a little anxious but not to the level of hoping for a drop, merely because I sold some... In that regard, each of us needs to be careful about selling too much. Yes, we have ups and downs in BTC prices, and we should not get too emotional attached to a bit of movement here and there and we should expect volatility that does not necessarily move in our preferred direction.
Sure, we all hope that it flash crashes 50% and fills all our buy orders and then goes back to the previous price, but those are exceptional and lucky circumstances that only occur when we have buy orders down the spectrum... and certainly a situation where preparation meets opportunity (aka.. luck)...
I agree that if you have about 2 BTC, then selling between about .01BTC or .02BTC every $200 to $300 price increase would be reasonable... or somewhere in the neighborhood of 1.5% for every 10% price rise.... but if you have less than 2BTC then your amounts should be less... in order to not oversell. And, maybe if you only have 2 BT then you have to also figure out other ways (besides hoping for the price to drop) to attempt to increase your stash, too, no?
There are several of us who have boat loads of bitcoin and we never employed leverage to get them. We either dollar cost average bought or bought on dips and maybe just sold small amounts as the price goes up to buy back, and with a key component of either hodling when the price is going down or buying.
You probably still don't have as much a Spoofy.
You really think Spoofy actually owns all that fiat and BTC to put up those walls on Bitfinex?
I am not really trying to compete with anyone regarding quantity of bitcoin that I have, and I was only trying to assert that any of us should be able to work at acquiring a lot of bitcoin (especially if you use time tested tactics such as DCA and buying on dips) without leveraging or employing gambling trade tactics.
Edit:By the way Bones261, I just did a recalculation of my BTC holdings and a quickie review of my BTC strategy... in the most recent price run up from $4,850 to $5,850 and then resting back in the $5,500 to $5,700 arena, I had transitioned my whole incremental trading from $100 to $200 increments.
So yeah, where I used to buy back every $100, now I have to wait $200 increments for both selling and buying back. So certainly, the buy/sells do not trigger as often, and yeah a guy could get a little anxious about buy backs not triggering.. but on the other hand, I set my sell increments and amounts to such a level that I try not to be attached to whether they fill or not.. and the money continues to pile up on both ends.
I continue to have a lot of bitcoins and I continue to have a lot of dollars to buy back.
Currently, in my BTC trading funds, I am about 90.5% bitcoins and 9.5% fiat. With about 78% of my fiat, I have preset buy orders down to about 50% retracement (that is $2,800). Sure, I could set the buy back orders lower or change the amounts, but it ends up being a lot of money and a lot of proportion of my buy back that would be exhausted if BTC prices were to suddenly experience a 50% retracement and sure a bit of a dedication towards upside too with sell orders set to more than 100% upside prices.. ... (Actually, currently, I have many of my sell orders preset to about $13k... hahahahahha.. .looks pretty funny having preset orders up to that amount.. but i suppose if the price suddenly flash crashes upwards, then I have committed to selling certain amounts at certain prices) .. but part of my point is that there are both upside and downside possibilities and our orders should be staggered up and down the books - but we should not get too attached to whether shorter increment orders of 4% or 10% fill or not because, it is possible that we could get 20% or even 40% or more corrections.. same withe the upside, we could experience another more than 50% or 100% price explosion without any significant correction and at that point, we have whatever quantity of BTC that we have.... based, in part, on our preplanning.
