Today is a great day for all of us I.e. crypto enthusiasts because Bitcoin is inching towards the ATH. I don't want to Jinx myself but would like to see it to happen as soon as possible. Today Bitcoin went upto 4.5% up and went above $57k and indeed my portfolio also increased by $0.5K today as majorly I have bitcoin in my portfolio.
PC: Pixabay.com
I am eagerly waiting for it to go above $60K before booking any profit. I missed booking dork profit when the Bitcoin went above $19K before going down to $3K. Also I didn't book any profit when the Bitcoin went above $64K before going down to $17K. But this time will be different. I will be booking some profit. I will be booking $500 profit with every $5K rise in Bitcoin price starting $60K.
Which means when the bitcoin goes above $60K I will sell $500 and with every $5K rise, I will start selling $500. To be honest, I cannot trade and I don't want to learn too. For me I am a long term investor but again I regret not selling Bitcoin at high and buy again at low. So this time, I don't want to make that mistake and will continue to book profit in smaller amount at certain levels so that I don't miss that opportunity of not selling.
I might buy again when it goes down but that's another story. The Bitcoin can go above $100K this time but I will not wait for it before booking some profit. I might lose some profits but that's OK rather than the regret later. I don't have much stake either but for me, I wanted to have atleast 1 BTC in my portfolio in my lifetime. This might have possible if I had used the above strategy from the starting. But its better late than never.
That's my strategy going forward, what's yours.
Posted Using InLeo Alpha
it's better late than never.
Yes true
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Looks like 69k BTC is not far away and there is a gap of just 12k now.
@sagarkothari88 vote
True, 60K done today
I won‘t Sell any Bitcoin before it reaches at least 300k.
Yeah, I will not wait till that time