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Hold or Sell?
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I do this, but with Etherium
Rising Star
50 week average is a little strict don't you think? What if Bitcoin doesn't fall below it aftee this year? Especially if the parabolic moves are less and less frequent
Rising Star
Thats certainly some good odds, although my only caveat is diminishing returns. At 0.8T, it gets harder and harder to make Bitcoin jump 100% in the span of a few weeks. So, only reason why I said parabolic moves may become more infrequent.
But it sounds like you got a solid strategy, so keep on keepin on!
Seems like the only thing you do is buy more
I have sold a trade once near an all time high. I made a profit and it worked out that one time. But not wanting to get into that habit of thinking I can time it with precision again. Longterm HODL is making more sense to me, and trying to put together more of an algorithmic accumulation strategy.
What number are those averages you mentioned for Eth and Bit?
Simple average of the price for the past x number of weeks