BTC Correction Strategy
Telah dikemas kini
Not selling obviously, taxes at this point and conversion would not make sense for me, therefore I will add, but through QBTC - may also buy a little extra actual.
Support by fib drawn from March to Now puts 19,000 as an ideal entry for adding, or for the very brave, starting a position in BTC when the correction comes. Corrections will always happen, BTC will allow new users to hop aboard, but the trick is to buy during dips for the best psychological outcome. I do have spare cash, but at this point, I have some laggards that I may just cut my losses on and call it a day. Looking for the next serious drop in BTC to sell two stocks that I don't see much a recovery on as a means of cleaning up my investment account of non-performing assets that do not pay me a dividend (about 1k CAD worth of under-performing Cannabis/CBD oil stocks) - my patience for them has just about run dry - willing to lose a few hundred and just call it bad timing on my part. Everyone makes mistakes. Already have QBTC in two investment accounts, so I am adding, not starting. Also holding actual and alts. We are due for a correction at some point.
A few words about corrections on BTC. The bears might be rekt since 20K, and they are no doubt resting, but they are not dead. Also Whales can at any moment decide to dump. Bears tend to strike at night, weekends and holidays, probably the best time to invest is during those times. Sizable corrections have occurred during days as well (Eastern Standard Time), but those typically happen at the culmination of a noticeable downtrend; just an observation. After this kind of run-up a 10% down move is bound to happen at any time. I am not in the mood to start "picking tops," and engaging in a short, but rather waiting for the move.
Support by fib drawn from March to Now puts 19,000 as an ideal entry for adding, or for the very brave, starting a position in BTC when the correction comes. Corrections will always happen, BTC will allow new users to hop aboard, but the trick is to buy during dips for the best psychological outcome. I do have spare cash, but at this point, I have some laggards that I may just cut my losses on and call it a day. Looking for the next serious drop in BTC to sell two stocks that I don't see much a recovery on as a means of cleaning up my investment account of non-performing assets that do not pay me a dividend (about 1k CAD worth of under-performing Cannabis/CBD oil stocks) - my patience for them has just about run dry - willing to lose a few hundred and just call it bad timing on my part. Everyone makes mistakes. Already have QBTC in two investment accounts, so I am adding, not starting. Also holding actual and alts. We are due for a correction at some point.
A few words about corrections on BTC. The bears might be rekt since 20K, and they are no doubt resting, but they are not dead. Also Whales can at any moment decide to dump. Bears tend to strike at night, weekends and holidays, probably the best time to invest is during those times. Sizable corrections have occurred during days as well (Eastern Standard Time), but those typically happen at the culmination of a noticeable downtrend; just an observation. After this kind of run-up a 10% down move is bound to happen at any time. I am not in the mood to start "picking tops," and engaging in a short, but rather waiting for the move.
Nota
found some spare change, bought a tiny bit on CB a few hours ago. We have to remember, BTC can do what it wants when it wants. Probably not going to happen, but even after this monstrous rally from 4k to just shy of 24k, we can all wake up tomorrow and find it down by 10-20%. The important thing is to have cash available (yes, cash still has value) if you see that.
Penafian
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