When should you take money off the table?
Accidentally predicting the (most recent) Bitcoin peak
Last week, I looked at my portfolio and decided to cash out some of my BTC at around $56,000.
Was I crazy? Bitcoin had appreciated over 600% in the last year and showed no signs of slowing down. But I took some money off the table anyway.
This week, Bitcoin’s price dropped to around $49,000. It’s tempting to say I “called the top,” but I didn’t predict anything. I was just following the intuition I got from a thought exercise I call the “Money Pile.”
In this exercise, you ask yourself the question...