I will hold my "stacks" (0.05x Btc) bluntly. I've been holding for less than a year anyway. As I have probably bought less than 60k on average, there would be the additional risk factor of paying tax unnecessarily when selling.
I'm not buying at the moment, but this is for personal reasons, as Bitcoin is not my core strategy and my finances need to consolidate after moving house and a loan for a friend (really unpleasant), higher rent, new furniture, etc.
I'm still suspicious of Bitcoin for buy and hold. I have a small stack for being in it, but such a momentum approach is actually great risk management with Bitcoin 😅 at least prevents you from falling into the falling knife if Bitcoin should die away completely.
I'm not buying at the moment, but this is for personal reasons, as Bitcoin is not my core strategy and my finances need to consolidate after moving house and a loan for a friend (really unpleasant), higher rent, new furniture, etc.
I'm still suspicious of Bitcoin for buy and hold. I have a small stack for being in it, but such a momentum approach is actually great risk management with Bitcoin 😅 at least prevents you from falling into the falling knife if Bitcoin should die away completely.
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4Lun
@SchlaubiSchlumpf I agree with you, I can't really recognize Bitcoin's intrinsic value either, but I respect its momentum. In this respect, I try to avoid the drawdowns as much as possible and take at least some of the upward phases with me. If that works, I'm happy. So far, the timing has worked quite well, but my position management could be even better. 👍
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