Libertarian, Capitalist, Software guy
Site Supporter ++
- Apr 1, 2010
- Reaction score
Only you know your situation. But like I said, if you're not already retired you're doing it wrong. If you have been doing it wrong, maybe stop trying to predict the future and just hold a good asset.I like bitcoin. I like bitcoin a lot. Doesn't mean I'm going to watch it go up in a parabolic fashion and then crater. Its price action seems incredibly easy to predict to me, so I play the game. When it went up to 1k the first time, I was a net seller...then it cratered into the 200ish range and sat there for years. When it got to 335ish, I became a net buyer again.
I see zero reason to hodl things that get way ahead of themselves, when I can pull some portion of that gained value and put it into something I also like that hasn't performed as well. Hence BTC:AG, BTCT, BTC:AU ratios. When they get out of whack, I rebalance, but I never leave any of them entirely.