submitted by /u/chriszouzou [link] [comments] |
source https://www.reddit.com/r/btc/comments/itrewg/top_eu_countries_call_for_curbs_on_assetbacked/
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In August, NASDAQ traded company, MicroStrategy, took their cash reserves and dumped it in favor of Bitcoin.
Now, the company is doubling down and purchased another $175M in BTC.
MicroStrategy shareholders might be in for a wild ride :-)
https://www.cryptovantage.com/news/microstrategy-buys-more-bitcoin-doubling-down-on-strategy/
Assuming PlanB is correct and Bitcoin overshoots the 100k price target in the upcoming bull run to say 200-250k, what is your opinion on the best strategy?:
1). Hold all your bitcoin and don't sell until 1 million.
2.) Sell a fraction of your portfolio and cash out, dollar cost averaging from 100-250k, and then take a large fraction of that cash and reinvest when the price corrects by 80% back to 50-75k. You then end up with more Bitcoin from the profits for the next cycle.
Feeling so good about it. 1 BTC for my future financial well-being. Many more BTCs to come.
The journey to 2 BTC begins now!