Hi,
as Bitcoin is almost hitting the 25K USD mark, do you see it hitting 30K USD in a short period of time, or some bounce back to 20K USD or even 15K USD.
From a historic point of view, December is a good crypto month, where January and February bring some shivers with them, as the price tends to drop.
We see that more and more institutional investors add BTC to their funds and exchanges have lost a lot of BTC liquidity due to this massive buy out. It might be that January and February will not have the expected trend of a bearish drop.
Also, with a lot of BTC assets locked, the market volatility has a break put on.
Now, taking in account all this above and many more other variables, what is your strategy in terms of BTC?
Do you hodl? Only hodl? Or do some trading? Or are you only a trader?
As for myself, I can say that I'm a bad crypto trader, like 99% of humans. The emotions are way to high, given the market volatility and usually miss out the buy or sell move towards the many bots out there. I still did not find any good human crypto daytrader or at least a profitable human crypto daytrader on the long run,as bots have here the advantage of being emotionless.
I'm by nature a hodler, and try to add more and more to my stack.
Now, that the market has less volatility and hits ATH, every new week, I see some opportunities to increase my holdings.
So I play with 20% of my BTC and put two limits on sell, one now at 22k USD and another one at 25k USD, with an even split of 10% on both. If the higher hits, I put a buy at 24.5k USD to get the same amount of BTC with a little more stake as I expect the bounce here. It is not much, but it something that can be taken home.
On the other hand, if it drops to 22k USD, I put another buy at 20k USD, as it might test the resistance, if this does not happen in 2-3 days, I go back with a buy at 21.5K USD or less, depending on the price.
I know, this is a risky option as it might that it does not go back to lower values, but for me it is a comfortable strategy and not a stressing one, as I don't check my accounts that often.
So, how do you handle your BTC?
