Do you have a strategy on BTC?

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Hi,

as Bitcoin is almost hitting the 25K USD mark, do you see it hitting 30K USD in a short period of time, or some bounce back to 20K USD or even 15K USD.

From a historic point of view, December is a good crypto month, where January and February bring some shivers with them, as the price tends to drop.

We see that more and more institutional investors add BTC to their funds and exchanges have lost a lot of BTC liquidity due to this massive buy out. It might be that January and February will not have the expected trend of a bearish drop.

Also, with a lot of BTC assets locked, the market volatility has a break put on.

Now, taking in account all this above and many more other variables, what is your strategy in terms of BTC?

Do you hodl? Only hodl? Or do some trading? Or are you only a trader?

As for myself, I can say that I'm a bad crypto trader, like 99% of humans. The emotions are way to high, given the market volatility and usually miss out the buy or sell move towards the many bots out there. I still did not find any good human crypto daytrader or at least a profitable human crypto daytrader on the long run,as bots have here the advantage of being emotionless.

I'm by nature a hodler, and try to add more and more to my stack.

Now, that the market has less volatility and hits ATH, every new week, I see some opportunities to increase my holdings.

So I play with 20% of my BTC and put two limits on sell, one now at 22k USD and another one at 25k USD, with an even split of 10% on both. If the higher hits, I put a buy at 24.5k USD to get the same amount of BTC with a little more stake as I expect the bounce here. It is not much, but it something that can be taken home.

On the other hand, if it drops to 22k USD, I put another buy at 20k USD, as it might test the resistance, if this does not happen in 2-3 days, I go back with a buy at 21.5K USD or less, depending on the price.

I know, this is a risky option as it might that it does not go back to lower values, but for me it is a comfortable strategy and not a stressing one, as I don't check my accounts that often.

So, how do you handle your BTC?

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16 comments
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I'm not trading yet, but I understand your concerns as it's not easy. Life is lived onwards and better understood backwards, so we're always smarter looking back.
Bots! Looks like they are everywhere. Yesterday while playing scrabble I was asked if I'm a bot. Looks like they are everywhere.

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On the internet most users are bots, that is for sure, from the data crawlers of google, to the trading ones on every exchange.

!ENGAGE 30

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What if BTC spikes to $25,000, drops to $24,600 and flies over $25,000?
I don't trade anything anymore. I will simply hold till like July next year and dollar cost average up the peak.

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I'm pretty precious about my BTC - I'm holding until at least the high $40s - then I might think about selling 10%.

If it hits the 90s, I'd be tempted to sell half and pay the mortgage off.

But not necessarily.

I'm more likely to sell a few of the alts, I mean if we ever get to $1 Hive again I'll be cashing out at least half my earnings from that point as we go from that point for sure, but I'm unlikely to PD.

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You are definitely a hodler, which gives value to BTC. The more people like you, the better for BTC and for every investor.
I would pay the mortgage with some BTC, that is for sure!

Regarding Hive, if it reaches 5$, half of it will be immediately sold and land will be bought with it. :)

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I think more and more people are holding their BTC!

And I hope very much (obviously) for that $5 Hive price!

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Gotta do some research on these January dips. If you do things the right way, you can greatly increase your assets. On the other hand, I don't want to sell and miss out a new high.

Exciting times ahead!

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January was a dip month before. Now, I can't tell. The world has been strange for the past 9 months, that is for sure. :)

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I buy a bit every month, I put it in Celsius or nexo or blockfi to earn interest and that's it

I made 6 btc trading from 0.5 and then of course lost 6 BTC while trading (in 2017)
I now know I am not good at it so I do not do it.
I might put in a 3x long and leave it but no more then that

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I buy a bit every month, I put it in Celsius or nexo or blockfi to earn interest and that's it

That is a very good idea. Thank you for this.

From 0.5 to 6 is a impressive track record. Most humans go from 0.5 to 0 :)

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The future of cryptocurrency is unequivocal. Yes, bitcoin is mega popular now. Thinking back on its long journey that led to this number, many people were able to both earn and lose, so it's hard to say what will happen next. But you always have to believe in growth.


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