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Sell Price BTC balance BTCSell Amt Pfolio$Value soldValue soldTotal $47,478.00 7.00000000 0.00000000 $332,346.00 $0.00 $0.00 $47,478.00 7.00000000 1.40000000 $332,346.00 $66,469.20 $66,469.20 $56,973.60 5.60000000 1.12000000 $319,052.16 $63,810.43 $130,279.63 $68,368.32 4.48000000 0.89600000 $306,290.07 $61,258.01 $191,537.65 $82,041.98 3.58400000 0.71680000 $294,038.47 $58,807.69 $250,345.34 $98,450.38 2.86720000 0.57344000 $282,276.93 $56,455.39 $306,800.73 $118,140.46 2.29376000 0.45875200 $270,985.85 $54,197.17 $360,997.90 $141,768.55 1.83500800 0.36700160 $260,146.42 $52,029.28 $413,027.18 $170,122.26 1.46800640 0.29360128 $249,740.56 $49,948.11 $462,975.29 $204,146.71 1.17440512 0.23488102 $239,750.94 $47,950.19 $510,925.48 $244,976.05 0.93952410 0.18790482 $230,160.90 $46,032.18 $556,957.66 $293,971.26 0.75161928 0.15032386 $220,954.47 $44,190.89 $601,148.56 $352,765.51 0.60129542 0.12025908 $212,116.29 $42,423.26 $643,571.81 $423,318.62 0.48103634 0.09620727 $203,631.64 $40,726.33 $684,298.14 $507,982.34 0.38482907 0.07696581 $195,486.37 $39,097.27 $723,395.42 $609,578.81 0.30786326 0.06157265 $187,666.92 $37,533.38 $760,928.80 |
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nah mate, you are doing it wrong... A real HODLER sells 7 BTC at $609,578.81 for a nice stack of $ 4,267,051.6 (fresh printed bills) and starts livin´ la vida loca.
Just kidding.. thats a very smart cash out program, and i should do that the next bullrun.
I´m living on ramen and noodles for being a HODLER since 2017...
The above would be similar to what I have in mind as a BTC speculator. Note term "speculator", that is what JJG and _javi_ are advocating. And there's nothing wrong with that, I too am speculating with BTC.
Of course, we are engaging in speculating, but we are also engaging in investing. There are a lot of ways that practices can vary depending on length of time or amount of deliberation regarding percentage allocated in bitcoin as compared with other investments, and also whether a person is merely guessing or if they might have their expenses projected out into the future, including covering expenses and thereafter considering how much discretionary value is left to speculate or invest..
Again, the above is similar to my own plans.
That is a scenario that was based on some ideas that mindrust gave regarding his cashing out intentions, and I presented him with some alternative ideas regarding another scenario that is different from his, but might better help him to maintain his goals while cashing out part of his BTC stash along the way, that is if BTC adequately cooperates.
But, do note that all three of us are planning to SELL BTC.
That is not my plan, exactly because I am selling less BTC on the way up, but I am also selling sooner, including currently... but in my current, tentative plan, I would also have a higher percentage of my original BTC in the event BTC were to go to $600k or higher.
Of course, I might change my plan to become more aggressive in the selling arena, as mindrust seems to want to be, but currently, I am not in such mood to be aggressively selling BTC.
And, presumably, BUY something else. And what to buy...? I know what I want.......
Well, yeah, the proceeds from the sales could be for consuming or investing in something else or it also could be just to hold in the event BTC prices fall back down and to use the proceeds to rebuy. Each person has to decide where s/he falls in that regard.
But, of course, owning BTC also has a tremendous advantage that we all know about but rarely discuss: mobility. So, however high BTC rises, I will keep some around for the freedom of movement it would support.
[Edited for clarity]
I agree. Mobility of asset, increasingly more liquidation options and self-sovereignty over assets should be major considerations for everyone to want to keep some BTC, even if the price might be dropping.