Perhaps about 700-800, then a larger relapse, but the high will be surpassed ever quicker.
20 months to surpass $32,
7 months to beat $266,
perhaps 2-3 months to go over the next record, and $1000, $2000 and beyond.
took more losses and bought some more back!
My last sale was at 375. My next sell is for 400.
thats the best way to do it, sell little bits slowly as its rising.
Sell all as soon as possible. It will recover for a time, but each bottom is deeper that the previous one.
$350 is cheap, it is the ATH from 15 days ago
$500 is a reasonable level to start buyback.
so you're buying back in now?
Now, meaning 'at the moment', I am not buying back in. The price is above $500.
My average sale price is $672 and I am not a daytrader. It has to go down a lot before I care to buy back.
Now, meaning 'whether I changed the strategy concerning what to do', the answer is: strategy stays the same until something new happens. Just that price follows some of my old scenarios (goes up, down, or stays put) is not considered 'new'. I don't think I will ever buy bitcoins above $500. If it goes to the moon, my next problem will be when and how much to sell more, as my bitcoins are worth $100M and the rest of my wealth is just a few million$.
I should really post my wisdom concerning position management, because so many are clueless about it.
choooo choooo MOFO
