Particularly this cycle we seem to be better off by preparing to act and project a little different than before. While your last big sell near the former cycle's top and rebuy close enough to the last cycle's bottom turned out well in terms of numbers (Bitcoin stash increase), it might be better to sell along the future uptrend going up (starting at a reasonable treshold no less than $100k) and in turn buy in batches again, but earlier on the way down. (EDIT: Playing it more safe).
ETF's and Paper Bitcoin are changing the game quite a bit, so better be prepared for possible future actions of our new found "friends" who are just started to explore the market.
I still havent firmed up my sell plan yet for the imminent bull run but I have a vague idea of what I want to do. Previously in past cycles I would think about selling in Q3 or Q4 of the year AFTER the halving.
Me too, more or less. What i know is that i will sell up to half of my stash, and i will spend (invest) a little slice of it in comfort/luxury, the rest will be kept for buying Bitcoin in the next bear market.
I dont want to take the risk of assuming we will peak in Q4 of 2025 so going to sell some earlier, like you suggested. I was thinking of beginning to sell at just over $100,000. I might regret it if we pump to something silly like $300,000 but better to be sate than sorry. I plan to diversify and buy multiple rental properties with some of my sold Bitcoin. I will be unloading 25% or possibly slightly more next year. The ideal life is a juicy passive income and a handsome Bitcoin stash, this is my plan, my desire.
Yeah, after the FTX crash things are different. That's because i will keep a good amount of my coins, so i can't go really wrong, to the expense of less gain, but i'm humble in that regard. My life is already good, i only have plans for times when all the kids are living on their own (10-15yrs), after that i'd see a need for life-changing events. Thanks Bitcoin, for making this possible.
Obviously I will hold a significant fiat stash to buy Bitcoin back much cheaper in the obvious bear market that will follow. Ideal scenario is $250,000 top next year and a bear market bottom of something like $70,000 in 2026/27 but ideal scenarios never play out do they. Too many people cheerleading for $1,000,000 per coin which obviously is not going to happen this decade.
I have to rely on stablecoins for parking most part of my sold corn to
evade avoid taxation.
Michael, do you hear me?EDIT:
As for the cheerleaders, i remember projections of $50k for Q1/2018 somewhere along Q4/2017. We (almost) all remember how this turned out.
Have the uber-bull targets even ever hit in the history of Bitcoin?
EDIT: It's clearly "avoid", not "evade" here. Lessons from a non-native speaker
