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.
