[ā„•š•–š•§š•–š•£] š•Šš•–š•š• š•š• š•¦š•£ š”¹š•šš•„š•”š• š•šš•Ÿ - I Sold My Bitcoin

in #hive-167922 ā€¢ 8 days ago

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My name is BitcoinBaby.
And I sold my Bitcoin.


Selling Bitcoin Is Hard

Talking about famous last words.

Some people would burn me for doing that.
Call me a nonbeliever.

A fraud, a fake.

But as always I am fully transparent with yĀ“all.
I am no Bull (Shit) Market Finfluencer telling you about the Golden Portfolio.
About the coins you need to hold to make them a millionaire.

About another Super Cycle!!

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If you read my stuff it is because you know I am keeping it real.
If you know that, then you know as soon as they mention a super cycle that:
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I am not a maxi!
I am just a baby who spent way too much time on his crypto hobby these last 5 years.

Lord Satoshi Forgive Me For What I have Done

I have taken profit on my BTC, I did so for two reasons.

First of all, we all know how the crypto cookie crumbles.

Yes BTC will still peak.
Some initial ALTs will still run.
BTC will peak a bit more and then lose some dominance.
That is the beginning of the end.

In the end, there are quite some ALTS that will outperform Bitcoin.

And then the Shit will Hit The fan!

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To All Maxis

To all the Maxis go count your sats, to all the normies go count your lack of sats.

Money nor Bitcoin are a religion, if you get that then you can keep reading.

If not the kindergarten Sandbox is calling your name:

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BTC or Fiat? Who Gives A F?

All they are, are a means to transfer energy of some kind.
Energy flows, it flows into dollars first, then into Bitcoin, and then into....

Yup, my pockets!

Now I had a good reason for selling, like I explained last time I donĀ“t believe in the super cycle madness.

In the BTC cycle, I trust!

In last week's post:

[ā„•š•–š•§š•–š•£] š•Šš•–š•š• š•š• š•¦š•£ š”¹š•šš•„š•”š• š•šš•Ÿ - To Buy or Not To Buy The Dip???

Doing The Math

You see that based on my calculations, pure math no hopium, BTC should top out around 150K.

Which is ab fab, not complaining on my end. But it does mean that my BTC holding only has 50% more growth.

Now I am here to pocket as much energy as possible.
So I can build my dream, and retire early from corporate nonsense.

And, I like to do that most responsibly, otherwise I would have bought the dead squirrel coin on election day.

Yes, I admit

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I sold 200 dollars of BTC because other coins have more than 50% growth left in them.

I bought $200 of SS, or $$, and no I am not referencing untitled.gif

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I simply swapped those $200 BTC for SOL and SUI as they should have some more room to grow.

And I sold another 100 dollars of BTC because I wanted some cash to do the inevitable.

I wanted $100 to buy tha dip!

Tha Dip

Because what goes up must goes down.

And I expect that we will go up a little more.
But between now and Trump's inauguration we will have a perfect little dip back to around 80K and ALTS will lose 40-50% of their value.

I donĀ“t buy baby dips like the one this week, but I am an addict.

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As a true buy-the-dip addict, I needed to protect myself.

So I did what hurt most, sell BTC and give myself $100 buy the dope dip money.

I told you about this plan in the past.
How to Quit My Buy The Dip Addiction?

This money I will invest during the dip.
I will double it (or at least try).
Take it out.
And buy the dip again.

This way I can feed my addiction while still staying true to my exit strategy.

The beauty of crypto is that you never know what you are gonna get....but you can make calculated guesses.

Which brings me to the question my virtual friend asked me last week.

Will I buy back some BTC?

Yes, I will, but not anytime soon.

The Myths

Look there are a couple of myths. The Man The Myth The Legend of course in Me....but there are a few more.

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BTC will never go back below the price it had on election day. Which was around 70K.

And the other node BTC will dip 80% from peak to bottom.
Last cycle the dip was approx 75% and this cycle I expect it to be around 70%.

Hence 150K on a 70% dip is 45K!

45K is way lower than election day and a lot higher compared to the 2022 bottom.

It also will be near to the BTC realized price (Realized Price = the value of all bitcoins at the price they were last transacted on-chain, divided by the number of bitcoins in circulation) at the end of this cycle.

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That money in time, when all are whining BTC is Dead and prices drop below realized price, that is when BitcoinBaby is Back.

For Now my focus as you all know is on selling!

Sell It All B4 the May The 5th

Selling is not just press sell.

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ItĀ“s about what coin, at what point in the cycle, and how much.

I sell coins that peak because you never know if they will peak again.

I sell coins that reach my dump targets because I 2,3,4,5X them.

And I sell large caps first because small caps run last.

ItĀ“s a very simple 3 rule strategy but not as simple as just hit sell and sell it all on:

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To be honest, I hope I sold most way b4 May because May tends to be the start of the summer dip.
If you plan on selling try to be done by early April.... just saying.

Bikini Bottom Line

How am I doing on my road to fiat?

Last week I was at 11% while I should have been at 16%.
That would mean I should be around 19% by today....

Well, to protect myself and beat that whole MICA BS I already sent some money to the Devil....aka my bank.

But let's see where I am today, at 14% ???

That is about right because very few of my coins did pumpy-pumpy this week, but we did do dipedidip.

ItĀ“s still pretty okay as I expect the biggest bang around March.

More tips and tricks on how to survive the bull market next Week!


Thank goodness you made it till the end Pees, Love and I am out of here!

Previous Chapters

[ā„•š•–š•§š•–š•£] š•Šš•–š•š• š•š• š•¦š•£ š”¹š•šš•„š•”š• š•šš•Ÿ - To Buy or Not To Buy The Dip???

[ā„•š•–š•§š•–š•£] š•Šš•–š•š• š•š• š•¦š•£ š”¹š•šš•„š•”š• š•šš•Ÿ - The Top Is Not In! Says Who?

[ā„•š•–š•§š•–š•£] š•Šš•–š•š• š•š• š•¦š•£ š”¹š•šš•„š•”š• š•šš•Ÿ - Am I A Fool For Selling Already?

[ā„•š•–š•§š•–š•£] š•Šš•–š•š• š•š• š•¦š•£ š”¹š•šš•„š•”š• š•šš•Ÿ - Sell Into "The Gospel of Greed"

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You'll be laughing when it drops back to $70K or so. Even if you don't buy back in, you will have done pretty well. I'm just holding mine for now. I have some soft targets for alts that I am waiting for them to hit.

I have a bunch of targets, and every time I hit one I smile....
But Yes I will be smiling in 2027 if my plan plays out

I hope it does!

it seems like you got a plan. good on you,and major congrats to this realized and committed win.

proactivity is the most underrated aspect of trading i see. enjoy your win!

Awesome to know that some people see the value and not the fool !PIMP

guess i just don't trust btc ahahahaha. but it can be a mighty tool

So many BTC holders made same mistake earlier on and now they're regretting. The lesson is to never sell too early. Till the halving ends in about 2041, BTC and alts will continue to reach new ATHs. Like a crypto expert said BTC will most likely hit 280 trillion MC in decades to come. Thanks for writing.

Thanks for a great comment.

I agree on a long term logical upward trend.

Buy to make the most out of the few dollars I have or had I do see the value in selling tops and buying bottoms.

Finance like life is a cycle.

U really sold right before the bull year in cycle? Oh manā€¦ well if u got a plan thatā€™s better than most! But remember everybody has a plan until Mike Tyson punches them in the face šŸ˜‚

I only sold 100 to buy the dip, and swapped 200 for S&S.

I have a hidden pile of SATs stored separately that I do not plan to touch, depending on if I get my 5K out at 50K as planned.

For now I think I can get to the 50K but I prefer to get out with profit and buy in the bear market than getting REKT.... again