I'd like to ask other thread members here a question. I've been in bitcoin since early 2013, and through all those run-ups followed by 75%+ crashes I've held my bitcoin. But after the 2013 runup/crash, and long wait afterwards, I don't want to be holding most of my bitcoin on the next market peak.
I have seen various multi-year log charts showing a high and low line, and a line in the middle. Sometimes these lines are drawn straight, sometimes curved with it flattenng out more as time goes by. On one there was a website witn a mathematical calculation telling you what the 'fair market value' of bitcoin was on any given day. I have seen these posts in this wall observer thread over the years.
if any of you have links for this, can you post in this topic
https://bitcointalksearch.org/topic/prediction-charts-to-help-hodlers-on-when-to-sell-and-rebuy-bitcoin-5164354 ?
thanks
Seems to me that you have to find your own price points, rather than going by charts that are made by other people.
So, you should figure out how much BTC that you would like to sell at various price points in order to make you feel more comfortable.
You can choose your price points in terms of amounts and/or in terms of time, so you could decide to sell a certain amount of BTC at certain price points, and also to sell a certain amount after a certain passage of time... and each of those should specifically be tailored to your circumstances that includes but not necessarily limited to your cash flow, your other investments, your views of bitcoin, your risk tolerance, your timeline and how much time and skills you have to manage your portfolio.