I lack a strategy.
There is no strategy, but to HODL, when dealing with the honey badger.
If you try to trade, you're gonna have a bad time.
My strategy; I refuse to make losing trades...
this means I have been stuck in some positions for over 2 years
so yeah...bad time
You mean that you went long, and the BTC price has not gone above your purchasing price?
I am thinking that's not a very BIG deal.
I bought my first coins of 1.24BTC in late November 2013 for $1,200 per BTC, so it was $1,500 for the total purchase of 1.24.
If I just looked at that purchase specifically, then I was not able to assert that purchase to be in profits until March 2017, and really not even solidly above $1,200 until May 2017.
So, that would have been like 3 years and 3-5 months, but I was not really using each BTC purchase as a measure that would limit what I did, even though I largely considered myself as long during that whole time.
Instead of being limited by purchase by purchase, I would use average cost per BTC, which enhanced my psychological and financial liberation.. at least from my way of accounting for the matter... by early 2017, I was averaging costs of about $500 per coin, so I did not feel that I needed $1,200 in order to sell, if push had come to shove.. I felt that I had options, if needed......
Sure some other problems had happened with my situation that ended up raising my costs per BTC, but averaging the costs per BTC seemed to be fairly liberating in the practical application of providing more options and not painting myself into a corner and also NOT really an unfair assessment of overall financial status / health. Psychological health might be another story.
