Long on BTC
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apoel81
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Re: Long on BTC
btc price finally breaks the 20000usd barrier, interesting to see how price will react from here
- De Graaf
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arbusers
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Re: Long on BTC
Exactly. With the price at 27850, it is time to sell part of your position.De Graaf wrote: Is it perhaps, time to deleverage a little bit?
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apoel81
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What % do we sell btw?
Re: Long on BTC
when you sell, you sell for cash or other cryptos mate?arbusers wrote:Exactly. With the price at 27850, it is time to sell part of your position.De Graaf wrote: Is it perhaps, time to deleverage a little bit?
What % do we sell btw?
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arbusers
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As we said before, we can't time the tops and the bottoms. We can suspect where tops and bottoms are, but we can never be sure. Thus it is better to have a DCA approach in both situations where you gradually sell/buy your cryptos. This is not an all in, all out tactic.
As the price of BTC goes higher and higher, we sell a bigger part of our portfolio. When it goes lower and lower, we buy bigger numbers of coins. All in DCA style, or to better describe it in a DDCA style. Dynamic Dollar Cost Averaging. My plan is to sell 10% of my BTC portfolio today. Already sold some.
Re: Long on BTC
There is no standard answer to this. It depends on the situation of this exact time. Sometimes I sell to other cryptos, sometimes for cash. This time I sold some of my position to cash and some to purchase Chainlinks (LINK).apoel81 wrote:when you sell, you sell for cash or other cryptos mate?arbusers wrote:Exactly. With the price at 27850, it is time to sell part of your position.De Graaf wrote: Is it perhaps, time to deleverage a little bit?
What % do we sell btw?
As we said before, we can't time the tops and the bottoms. We can suspect where tops and bottoms are, but we can never be sure. Thus it is better to have a DCA approach in both situations where you gradually sell/buy your cryptos. This is not an all in, all out tactic.
As the price of BTC goes higher and higher, we sell a bigger part of our portfolio. When it goes lower and lower, we buy bigger numbers of coins. All in DCA style, or to better describe it in a DDCA style. Dynamic Dollar Cost Averaging. My plan is to sell 10% of my BTC portfolio today. Already sold some.
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apoel81
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Re: Long on BTC
Thank you. What platform are you using btw?arbusers wrote:There is no standard answer to this. It depends on the situation of this exact time. Sometimes I sell to other cryptos, sometimes for cash. This time I sold some of my position to cash and some to purchase Chainlinks (LINK).apoel81 wrote:when you sell, you sell for cash or other cryptos mate?arbusers wrote: Exactly. With the price at 27850, it is time to sell part of your position.
What % do we sell btw?
As we said before, we can't time the tops and the bottoms. We can suspect where tops and bottoms are, but we can never be sure. Thus it is better to have a DCA approach in both situations where you gradually sell/buy your cryptos. This is not an all in, all out tactic.
As the price of BTC goes higher and higher, we sell a bigger part of our portfolio. When it goes lower and lower, we buy bigger numbers of coins. All in DCA style, or to better describe it in a DDCA style. Dynamic Dollar Cost Averaging. My plan is to sell 10% of my BTC portfolio today. Already sold some.
Last edited by apoel81 on Sun Dec 27, 2020 5:01 pm, edited 1 time in total.
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arbusers
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- neopas
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Is there any way we can have a more direct and up to the second alert of your moves?
Re: Long on BTC
LINK gains 14% from the minute you made your post. Something like an hour before.arbusers wrote: and some to purchase Chainlinks (LINK).
Is there any way we can have a more direct and up to the second alert of your moves?
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arbusers
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I will need to think about some ways where all of my actions are presented in real-time and they will be there for you to see and decide if you want to follow them or not. Due to lack of time, I only keep 3-4 threads about investing in our forum.
Re: Long on BTC
Randomness is a dominant factor in all markets. Sometimes we are lucky, and sometimes we are not. This time it was luck by my side. What I am trying to do, is place asymmetric bets in which there are more chances to have luck by my side.neopas wrote:LINK gains 14% from the minute you made your post. Something like an hour before.arbusers wrote: and some to purchase Chainlinks (LINK).
Is there any way we can have a more direct and up to the second alert of your moves?
I will need to think about some ways where all of my actions are presented in real-time and they will be there for you to see and decide if you want to follow them or not. Due to lack of time, I only keep 3-4 threads about investing in our forum.
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arbusers
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CharlieSheen99
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Thanks.
Re: Long on BTC
Sold to FIAT? I think that this community would like to know this question each time that you sell a little part.arbusers wrote: An additional 5% of my BTC holdings was sold today at 31940$.
Thank you.
Thanks.
Last edited by CharlieSheen99 on Sat Jan 02, 2021 5:06 pm, edited 1 time in total.
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arbusers
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Re: Long on BTC
Yes, this one was in fiat currency.
I believe I must present a potential path of this market cycle so we have the big picture.
I believe I must present a potential path of this market cycle so we have the big picture.
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arbusers
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Re: Long on BTC
An additional 10% of my BTC position was sold today at 34750$ to Fiat.
Last edited by arbusers on Sun Jan 03, 2021 9:05 am, edited 1 time in total.
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