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RE: TODAY: 1 Bitcoin = 3.60 Ounces of Gold!!!!
Delicious! It remains a hard question if and when to take some profit and buy the phizz!
Delicious! It remains a hard question if and when to take some profit and buy the phizz!
Perhaps the right approach might be to set a date to sell? You could wait until March 22, 2022 to sell it all ;)
My approach all along has been to sell only small portions of my total holdings at "logical price advancements" (based on technical analysis), but to keep the majority (as in: more than 50% of my initial investment) until at least 2020. When that day comes, I can assess the situation to determine reasonable steps to take from there.
The point is that I don't want to be on the sidelines if/ when the stage of major adoption sets in.
I may sell a bit once bitcoin reaches $5K, and I'll probably keep most of that profit in the crypto space (diversify between the top 10 or 20 cryptos by market cap), but I'll continue to sit on the majority of my position until one of three things happens:
1.) it goes to "shit"
2.) 2020 hits
3.) I become mega rich, meaning that I can retire for life and live more than comfortably on my profits.
I've already made back my initial investment on bitcoin, so it's all a free ride from here for me :)