Buy Buy Buy or Sell Sell Sell?

[Halime Anatolia]

I am not suggesting to never sell your bitcoin.

It is very important to know where the discussion is headed.

that's a good idea and I'm very happy to receive that good advice and indeed I plan to continue doing DCA forever because I know I'm still early in BTC and I still have little BTC at the moment. and what is certain is that I will not sell my BTC because of course I will be strong and firm in my stance to keep holding BTC for the long term.

Besides, how is it possible that when there are assets and sudden needs, we do not cash them. For me, BTC is an investment vehicle if I want to hold or sell it, of course it depends on my financial condition.

[Bd officer]

But I am amazed by the people here who have been doing DCA for a long time and it can be seen from the discussions that they are very good and of good quality and have broad insight. Yes, I hope one day I can have a lot of BTC and I'm sure it's not too late for me to continue DCA and collect BTC little by little.

DCA is the right way to deposit bitcoins. If you buy Bitcoin with DCA method your investment amount will be very big at one point. Example I didn't have enough money to buy a lot of bitcoins at once. But I invested in DCA method which made my investment amount quite big. It would not have been possible for me to buy the amount of bitcoins I currently have accumulated at once. I am able to invest as much as possible with the DCA method, and also buy bitcoins at average prices. DCA is the best way to invest in bitcoins, so buy bitcoins with DCA method and hold for long time.

Investing in Bitcoin can't be planned to sell quickly. In fact, if you want to invest in Bitcoin, you have to invest for the long term. Whatever the price, don't focus on price, invest in DCA method and hold long.

[Ricardo11]

But I am amazed by the people here who have been doing DCA for a long time and it can be seen from the discussions that they are very good and of good quality and have broad insight. Yes, I hope one day I can have a lot of BTC and I'm sure it's not too late for me to continue DCA and collect BTC little by little.

DCA is the right way to deposit bitcoins. If you buy Bitcoin with DCA method your investment amount will be very big at one point. Example I didn't have enough money to buy a lot of bitcoins at once. But I invested in DCA method which made my investment amount quite big. It would not have been possible for me to buy the amount of bitcoins I currently have accumulated at once. I am able to invest as much as possible with the DCA method, and also buy bitcoins at average prices. DCA is the best way to invest in bitcoins, so buy bitcoins with DCA method and hold for long time.

Investing in Bitcoin can't be planned to sell quickly. In fact, if you want to invest in Bitcoin, you have to invest for the long term. Whatever the price, don't focus on price, invest in DCA method and hold long.

In fact, the DCA method is the most effective and best method for Bitcoin investment. Because if you continue to invest through regular DCA, after a long time, The benefits we will get, we won't get that benefits from any other investment method. In the long run, it is a powerful method, which creates a large investment portfolio with small investments at an average price.
Those who follow the DCA strategy and continue to invest regularly and continuously for the next 2 to 3 cycles and continue to hold, they will definitely have the opportunity to achieve great success in the future. Because the future of Bitcoin is bright, so never wait for DIP, ignore the price volatility and continue to invest regularly, in this way the investor will have a great chance of success in the future.

[Tungbulu]

My suggestion for almost everyone is to focus on buying and accumulating bitcoin until you have more than enough, and then once you reach a status of having more than enough bitcoin, then at that point you will have more options regarding how to manage your BTC, whether that includes selling or holding or some combination, since once you received enough or more than enough BTC, then you have more options, and you may well be better to figure out ways to maintain and/or sell some of your bitcoin or even figure out strategic withdrawal techniques based on price and/or based on time, which I discuss a lot of those ideas in my sustainable withdrawal thread.

Indeed, the main focus should be about building first a solid foundation, before thinking of getting creative with your managing your asset.
It makes more sense for one to get his priorities straight and focus more on consistent accumulation of Bitcoin first in order to secure a solid financial position/foundation before thinking of any mother thing, this should be every investor’s priority.
And once we’ve been able to establish that solid portfolio, then it’ll be okay to worry about the nuances of managing our wealth.

That being said, I’ve been quite curious about something and I feel it’ll be great to bring it up here, it’s actually a question. Since you mentioned about strategic withdrawal, I was hoping to know your take on using Bitcoin’s Block time and halving cycles as some sort of a framework for strategic withdrawals. Is it possible to create a withdrawal strategy that may be tied to the halving cycle or do you think the approach is rather too simplistic? I strongly need your opinion on this.

[Hewlet]

that being said, I’ve been quite curious about something and I feel it’ll be great to bring it up here, it’s actually a question. Since you mentioned about strategic withdrawal, I was hoping to know your take on using Bitcoin’s Block time and halving cycles as some sort of a framework for strategic withdrawals. Is it possible to create a withdrawal strategy that may be tied to the halving cycle or do you think the approach is rather too simplistic? I strongly need your opinion on this.

because we have all been long in this thread and have some level of knowledge on this subject matter of investment and doing wo using the best approach, i would give my little impute on this; as regard taking of profit from your investment, if your plan is to invest for a complete circle and by the end of the circle take out some profit, then that is not a bad thing and there might even be some ways you can plan out how you want to go about taking a portion of the profit that will motivate you to go again for the next circle.

for instance, you can decide that after you have invested for a period of four years that as a reward for such level of discipline you can take out 10% of your investment or the profits of your investment. that would not be a bad thing although if you don't have a serious need you want to use the profit for and bitcoin still looks better and bigger in the coming years, it will be better that you just let your holding be and not rush into selling it just for no serious reason. other plans might still work but in general, as long as it allows you to invest comfortably and you are not destroying the bitcoin stack you have tried to build by selling it and using it for just pleasures that is for a moment, then you are good to go.

the reason why longer span of time is usually considered when talking of bitcoin investment is that the concept of investing in an asset in the first place is not something you just jump in and because you have made small profit you opt out. you invest for the long term and it become what sort out the big dreams you hope to achieve or what gives you a better retirement time. selling in intervals of time that is too close will not allow you get the real benefit of long term investment.

[Promocodeudo]

My suggestion for almost everyone is to focus on buying and accumulating bitcoin until you have more than enough, and then once you reach a status of having more than enough bitcoin, then at that point you will have more options regarding how to manage your BTC, whether that includes selling or holding or some combination, since once you received enough or more than enough BTC, then you have more options, and you may well be better to figure out ways to maintain and/or sell some of your bitcoin or even figure out strategic withdrawal techniques based on price and/or based on time, which I discuss a lot of those ideas in my sustainable withdrawal thread.

@JayJuanGee you've said it all, this statement of yours should be a working document for those investors that do not understand that the only time an investor should be thinking about what to do with his Bitcoin holdings is when such investor is satisfied with the amount of Bitcoin he has accumulated so far in a long term and at that time an investor can make decision on what to do whether to buy more which will also be beneficial to him or her or sell some to diversify but this diversification must never be in any shitcoin or altcoin, it must be a business that's profit assured and profits oriented even if it is a physical business that will help him or her to continue buying Bitcoin for another long period of time, personally I don't think having more than enough Bitcoin as you said should be a reasom for anyone to stop acumulating thiugh individual investor decision differs and matters too but for me if I got to that level, i can only diversify may be sell off some amount when it is necessary may be to invest in other good investmentsb like Bitcoin too and also continue reinvesting in Bitcoin since I know that Bitcoin is a continues process and there's no rules that an investors should stop when he or she has gotten enough Bitcoin in their portfolio.

[sotelorene]

I am not suggesting to never sell your bitcoin.

It is very important to know where the discussion is headed.

that's a good idea and I'm very happy to receive that good advice and indeed I plan to continue doing DCA forever because I know I'm still early in BTC and I still have little BTC at the moment. and what is certain is that I will not sell my BTC because of course I will be strong and firm in my stance to keep holding BTC for the long term.

Besides, how is it possible that when there are assets and sudden needs, we do not cash them. For me, BTC is an investment vehicle if I want to hold or sell it, of course it depends on my financial condition.

Well no one will stop you from selling your Bitcoin it is your choice and your money and I believe everyone has different reasons why they are holding Bitcoin, but you saying this means you so myopic about this Bitcoin investment and apparently you are just holding it so that you will bare the name Bitcoin holder and people who have this mindset, if you check very well they are not always serious with the investment because they don't use what they can afford to let go. However, I want to inform you that selling your Bitcoin is not a right mindset for a Bitcoin holder because that's a trader's mindset.

[DubemIfedigbo001]

Besides, how is it possible that when there are assets and sudden needs, we do not cash them. For me, BTC is an investment vehicle if I want to hold or sell it, of course it depends on my financial condition.

There's no such rule preventing you from cashing it out, but at least you can engage properly with better cashflow management techniques. It's important that you build your emergency fund alongside your accumulating BTC, so that when such unplanned need comes out, you attend to it with your emergency fund.

But in the occasion that it outweighs your emergency fund, maybe shaving parts of your portfolio could help you solve your problem. All dependence shouldn't be on your Bitcoin portfolio for you to have a meaningful investment activity, else you might end up losing considerably when you sell at a price lower than your buying price and might not even reach your accumulation target.

The key is to manage your discretionary income properly and set up emergency funding and variances of backup funds from it in order to protect your Bitcoin portfolio from constant attack when needs present themselves.

[JayJuanGee]

I am not suggesting to never sell your bitcoin.

It is very important to know where the discussion is headed.

Of course, this thread raises questions about ideas of whether any of us should try to trade bitcoin rather than investing  into it, and so there are quite a few of us who consider bitcoin problematic to try to trade, yet very good as a long term investment, so if you are having trouble getting yourself out of a trading mindset, then you may well never end up either being able to get the various advantages of investing into bitcoin or to even be able to envision how you might build your bitcoin investment for 4-10 years or longer...

I am not going to be able to help you to get to any kind of an investment approach to bitcoin, if you are caught up with a trading mentality that might be preventing you from figuring out some kind of longer term view of bitcoin's potentials or how bitcoin might fit into your life as an investment rather than a trade.

that's a good idea and I'm very happy to receive that good advice and indeed I plan to continue doing DCA forever because I know I'm still early in BTC and I still have little BTC at the moment. and what is certain is that I will not sell my BTC because of course I will be strong and firm in my stance to keep holding BTC for the long term.

Besides, how is it possible that when there are assets and sudden needs, we do not cash them. For me, BTC is an investment vehicle if I want to hold or sell it, of course it depends on my financial condition.

If you are considering bitcoin as an investment, then you have to have systems in place so that you do not have to sell your bitcoin, except  at a point of your complete choosing, so in that regard you make sure that you are investing within your means (referring to your discretionary income), and frequently guys have to have various kinds of back up funds to account for variance in their income and/or their expenses, especially if they start to buy bitcoin aggressively, then they have to make sure that they don't end up accidentally spending from money that they actually need for their expenses, and they might not always realize their mistake in advance, so in those circumstances, having back up funds or places in which resources can be drawn will help to lessen the chance that the BTC investment ends up unintentionally serving as an emergency fund.

My suggestion for almost everyone is to focus on buying and accumulating bitcoin until you have more than enough, and then once you reach a status of having more than enough bitcoin, then at that point you will have more options regarding how to manage your BTC, whether that includes selling or holding or some combination, since once you received enough or more than enough BTC, then you have more options, and you may well be better to figure out ways to maintain and/or sell some of your bitcoin or even figure out strategic withdrawal techniques based on price and/or based on time, which I discuss a lot of those ideas in my sustainable withdrawal thread.

......    I’ve been quite curious about something and I feel it’ll be great to bring it up here, it’s actually a question. Since you mentioned about strategic withdrawal, I was hoping to know your take on using Bitcoin’s Block time and halving cycles as some sort of a framework for strategic withdrawals. Is it possible to create a withdrawal strategy that may be tied to the halving cycle or do you think the approach is rather too simplistic? I strongly need your opinion on this.

In my above-referenced thread, I tried to set forth various kinds of withdrawal strategies that might either be price based or time based, and so even if we presume that you have overly accumulated bitcoin so you have a sufficiently large BTC stash (or more than enough), it surely becomes problematic to try to time your BTC sales, and surely maybe your main intention is merely to get the most bang for the buck out of your sales, or alternatively guys might be wanting to buy back cheaper, and so it can become difficult figuring out how to time your sales.. yet if you have achieved a sufficient sense of overaccumulation and you are selling way below the excessive amounts of your BTC, including that if the value of your BTC holdings is growing faster than the rate that you are selling, then maybe you are just being greedy if you are trying to squeeze more out of your bitcoin holdings than that?

My withdrawal tool shows quite a few explanations regarding how to attempt to do time based withdrawals that have some price parameters contained therein.

So, for example, if you figure out that your goal is to be able to have an income of $6,666 per month, you can establish a system of withdrawing $6,666 per month and every month, and probably right now you would have to have a minimum of 18.51 BTC in order to start such a process (yet if i you are lacking confidence if 18.51 BTC is enough, then you  can make sure that you have a certain amount extra whether that is 20%, 50%, 100% or some other extra amount that causes you to believe that you are not overly withdrawing from your BTC stash.  Of course, if you miscalculated the amount of value that you ar going to need on a monthly basis, then you have to adjust the calculations to figure out to make sure that you have enough BTC to employ your withdrawal plan in a sustainable way..

If you screw up your calculations, then you ONLY have yourself to blame.

Perhaps you try to time your sale of BTC in order to withdraw BTC once or twice during a 4-year cycle, and if $6,666 adds up to $80k per year, you are putting a lot of strain to try to figure one or two times to make your withdraw within a cycle.. since that would be withdrawing $160k or $320k, but surely you could also have systems in which you see that that the BTC price is sufficiently above the 200-WMA, and so you decide to withdraw months in advance based on the BTC price being way higher than the 200-WMA.

My tool attempts to give some guidelines of the number of months a person might want to withdraw in advance based on how high the BTC price is above the 200-WMA, yet there still is no way to know if the BTC price is going to go higher or lower or if the guidelines are going to be very accurate.  

So these are guidelines that I provide, yet you could still end up screwing up your own attempts to try to apply some version of them.

">>>>>>>>"
A. if the BTC spot price is between 33% and 66% above the 200-week moving average, then you will be authorized to withdraw for the current month + an additional month.
B. if the BTC spot price is between 66% and 100% above the 200-week moving average, then you will be authorized to withdraw for the current month + 3 additional months.
C. if the BTC spot price is between 100% and 200% above the 200-week moving average, then you will be authorized to withdraw for the current month + 5 additional months.
D. if the BTC spot price is between 200% and 400% above the 200-week moving average, then you will be authorized to withdraw for the current month + 11 additional months.
E. if the BTC spot price is between 400% and 650% above the 200-week moving average, then you will be authorized to withdraw for the current month + 23 additional months.
F. if the BTC spot price is between 650% and 900% above the 200-week moving average, then you will be authorized to withdraw for the current month + 35 additional months.
G. if the BTC spot price is between 900% and 1,400% above the 200-week moving average, then you will be authorized to withdraw for the current month + 47 additional months.
H. if the BTC spot price is greater than 1,400% above the 200-week moving average, then you will be authorized to withdraw for the current month + 59 additional months."<<<<<<<<

You can try to shoot for withdrawal within an expected range, yet there is no way of really knowing if the BTC price will reach certain price thresholds or if the BTC price might be sustained at such price thresholds or if the BTC price might  go even higher than your anticipated price threshold...,. so for sure, you could still end up screwing up your own attempts to try to apply some version of my guideline attempts.

My suggestion for almost everyone is to focus on buying and accumulating bitcoin until you have more than enough, and then once you reach a status of having more than enough bitcoin, then at that point you will have more options regarding how to manage your BTC, whether that includes selling or holding or some combination, since once you received enough or more than enough BTC, then you have more options, and you may well be better to figure out ways to maintain and/or sell some of your bitcoin or even figure out strategic withdrawal techniques based on price and/or based on time, which I discuss a lot of those ideas in my sustainable withdrawal thread.

@JayJuanGee you've said it all, this statement of yours should be a working document for those investors that do not understand that the only time an investor should be thinking about what to do with his Bitcoin holdings is when such investor is satisfied with the amount of Bitcoin he has accumulated so far in a long term and at that time an investor can make decision on what to do whether to buy more which will also be beneficial to him or her or sell some to diversify but this diversification must never be in any shitcoin or altcoin, it must be a business that's profit assured and profits oriented even if it is a physical business that will help him or her to continue buying Bitcoin for another long period of time, personally I don't think having more than enough Bitcoin as you said should be a reasom for anyone to stop acumulating thiugh individual investor decision differs and matters too but for me if I got to that level, i can only diversify may be sell off some amount when it is necessary may be to invest in other good investmentsb like Bitcoin too and also continue reinvesting in Bitcoin since I know that Bitcoin is a continues process and there's no rules that an investors should stop when he or she has gotten enough Bitcoin in their portfolio.

Well what if you determined that based on current market conditions and your anticipated desire to stop working and to live off of your BTC, you have decided that 21 BTC is enough (and even more than enough); however, when you look at your BTC holdings, you see that you have accumulated 35 BTC, so you have accumulated 66% more than the amount that you have determined to be more than enough.

At some point you have enough, and you have more than enough, yet you are still the one who has to figure out where those thresholds might fall, and merely because you have a certain threshold right now, the changes in the BTC price and the changes in the 200-WMA likely would justify that the amount of BTC is likely going to be lower one year from now as compared to what it is today... so at some point, your quantity of BTC may well end up rising to the level of not only enough, not only more than enough yet perhaps 66% more than enough (or some other number of BTC that is clearly and unambigously more than enough).  I cannot see any need that any person should feel like he needs to continue to accumulate bitcoin when he has reached such statuses, and also there could be scenarios in which guys are not able to spend their BTC as fast as it is growing in value, which is another sign that the person had accumulated more than enough.

I am a not suggesting that a person who has accumulated more than enough might still decide to buy BTC on dips... and perhaps even sell more BTC on price rises..

People who have more BTC than they need have options and they can work their options to their advantage and to be ahead of the price rather than being controlled or emotional about where the BTC price may or may not go, yet a lot of any of the sales of any BTC if they happen may well be within cushions of way more than enough BTC, so even the person who has accumulated 35 BTC, and feels that he ONLY needs to have 21 BTC, the fact that he has 14 extra BTC does not mean that he needs to sell the extra 14 BTC, but he can instead shave off an extra 0.5 BTC  at any time that he wants, and maybe on 28 different occasions, and still end up having more than enough BTC after he made various shaving offs of his BTC, but then at that time, he no longer has the problem (or the benefit) of having more than enough BTC...so there is not necessarily any kind of compelling need to spend excess BTC merely because they are part of a person's total BTC stash.

[cryptoWODL]

[edited out]

that's a good idea and I'm very happy to receive that good advice and indeed I plan to continue doing DCA forever because I know I'm still early in BTC and I still have little BTC at the moment. and what is certain is that I will not sell my BTC because of course I will be strong and firm in my stance to keep holding BTC for the long term.

But I am amazed by the people here who have been doing DCA for a long time and it can be seen from the discussions that they are very good and of good quality and have broad insight. Yes, I hope one day I can have a lot of BTC and I'm sure it's not too late for me to continue DCA and collect BTC little by little.

Don't get me wrong.

I am not suggesting to never sell your bitcoin.

which I discuss a lot of those ideas in my sustainable withdrawal thread.

Your threads can be very helpful for everyone to gain complete knowledge about bitcoin investment. I tried reading the thread you mentioned a few months ago and have already read original post 2 and original post three from there. Actually one thing seems to be most important that you should not decide to withdraw if your bitcoin amount is not enough. We have to be patient and hold on to our investment without taking such a decision. Moreover, I still stand by such decision, as I have been investing regularly through DCA for many years.

Although many decided to sell their investments during the high price of Bitcoin, I am more patient and willing to buy regularly. Without thinking about withdrawing the investment yet, the goal is to buy bitcoins regularly so that the investment portfolio grows to a much larger extent.

[Tungbulu]

✂️✂️✂️✂️

because we have all been long in this thread and have some level of knowledge on this subject matter of investment and doing wo using the best approach, i would give my little impute on this; as regard taking of profit from your investment, if your plan is to invest for a complete circle and by the end of the circle take out some profit, then that is not a bad thing and there might even be some ways you can plan out how you want to go about taking a portion of the profit that will motivate you to go again for the next circle.

I might need to respectfully disagree with this assertion as the only criteria for selling part of your Bitcoin holding I believe and based on JJG’s analysis should be when you have reached or believe to have reached a state of overaccumulation. It is possible not to have achieved this state of overaccumulation in one cycle depending on how aggressive the individual is with his accumulation, and if that is the case that the individual has not been able to achieve the state of overaccumulation, then it’s advised that he should under no circumstances attempt selling his BTC, even if he’s making some profits at that point in time.

My tool attempts to give some guidelines of the number of months a person might want to withdraw in advance based on how high the BTC price is above the 200-WMA, yet there still is no way to know if the BTC price is going to go higher or lower or if the guidelines are going to be very accurate.  

So these are guidelines that I provide, yet you could still end up screwing up your own attempts to try to apply some version of them.

Thanks for the insight and the guidelines, they were overly helpful, I’m currently studying your analysis on time based withdrawals, and I’ll be sure to come back after studying them, and if there’s any further confusion, I’ll be sure to bring the questions here for further deliberation. Thanks once again for your clarification and feedback. They were indeed very helpful.

[Popkon6]

✂️✂️✂️✂️

because we have all been long in this thread and have some level of knowledge on this subject matter of investment and doing wo using the best approach, i would give my little impute on this; as regard taking of profit from your investment, if your plan is to invest for a complete circle and by the end of the circle take out some profit, then that is not a bad thing and there might even be some ways you can plan out how you want to go about taking a portion of the profit that will motivate you to go again for the next circle.

I might need to respectfully disagree with this assertion as the only criteria for selling part of your Bitcoin holding I believe and based on JJG’s analysis should be when you have reached or believe to have reached a state of overaccumulation. It is possible not to have achieved this state of overaccumulation in one cycle depending on how aggressive the individual is with his accumulation, and if that is the case that the individual has not been able to achieve the state of overaccumulation, then it’s advised that he should under no circumstances attempt selling his BTC, even if he’s making some profits at that point in time.

You are suggesting that new users are likely to be confused because those who will be holding Bitcoin and the desire for profit may arise. And due to greed, that Bitcoin holder may sell his accumulated Bitcoin, try to invest regularly and keep it for a long time in the future. I have been investing regularly in Bitcoin for a long time, I am still accumulating Bitcoin.
Last week I deposited Bitcoin through DCA method and this week I will deposit more Bitcoin than last week because this week I have deposited more of my money with which I can buy Bitcoin. I will keep this Bitcoin for a long time and after future long-term accumulation, my portfolio will be big. So just be patient and continue investing in Bitcoin which I am very willing to do.

[JayJuanGee]

[edited out]

that's a good idea and I'm very happy to receive that good advice and indeed I plan to continue doing DCA forever because I know I'm still early in BTC and I still have little BTC at the moment. and what is certain is that I will not sell my BTC because of course I will be strong and firm in my stance to keep holding BTC for the long term.

But I am amazed by the people here who have been doing DCA for a long time and it can be seen from the discussions that they are very good and of good quality and have broad insight. Yes, I hope one day I can have a lot of BTC and I'm sure it's not too late for me to continue DCA and collect BTC little by little.

Don't get me wrong.

I am not suggesting to never sell your bitcoin.

which I discuss a lot of those ideas in my sustainable withdrawal thread.

Your threads can be very helpful for everyone to gain complete knowledge about bitcoin investment. I tried reading the thread you mentioned a few months ago and have already read original post 2 and original post three from there. Actually one thing seems to be most important that you should not decide to withdraw if your bitcoin amount is not enough. We have to be patient and hold on to our investment without taking such a decision. Moreover, I still stand by such decision, as I have been investing regularly through DCA for many years.

Although many decided to sell their investments during the high price of Bitcoin, I am more patient and willing to buy regularly. Without thinking about withdrawing the investment yet, the goal is to buy bitcoins regularly so that the investment portfolio grows to a much larger extent.

The longer that i been in bitcoin, the more difficult it comes for me to imagine guys who have spent enough time accumulating bitcoin to put them in a state of over accumulation, and surely accumulating bitcoin through a whole cycle might help, and also front loading the investment might help (which presumes bringing capital from somewhere else beyond just normal pay/cashflow).  So frequently I have been witnessing guys describing themselves as having had reached a status of overaccumulation much earlier than they had actually reached such status.

[Odohu]

Your threads can be very helpful for everyone to gain complete knowledge about bitcoin investment. I tried reading the thread you mentioned a few months ago and have already read original post 2 and original post three from there. Actually one thing seems to be most important that you should not decide to withdraw if your bitcoin amount is not enough. We have to be patient and hold on to our investment without taking such a decision. Moreover, I still stand by such decision, as I have been investing regularly through DCA for many years.

Although many decided to sell their investments during the high price of Bitcoin, I am more patient and willing to buy regularly. Without thinking about withdrawing the investment yet, the goal is to buy bitcoins regularly so that the investment portfolio grows to a much larger extent.

The longer that i been in bitcoin, the more difficult it comes for me to imagine guys who have spent enough time accumulating bitcoin to put them in a state of over accumulation, and surely accumulating bitcoin through a whole cycle might help, and also front loading the investment might help (which presumes bringing capital from somewhere else beyond just normal pay/cashflow).  So frequently I have been witnessing guys describing themselves as having had reached a status of overaccumulation much earlier than they had actually reached such status.

By over accumulation are you referring to a situation where the investor feels he has gotten more Bitcoin than he planned or there is a number that is generally regarded as over accumulation? I have always felt that individuals are at liberty to set their targets as per the quantity of Bitcoin they want to have at at particular point in the life, this is what I have been working with and that is what determines the amount of my income I'm putting into Bitcoin on monthly bases ... because I have a target to reach upon my retirement from active service. Pardon me if I didn't get your post correctly, just that I have been struggling to understand what over accumulation of Bitcoin might possibly means and at what point I would say I have over accumulated Bitcoin.

[hero_the_bossman]

By over accumulation are you referring to a situation where the investor feels he has gotten more Bitcoin than he planned or there is a number that is generally regarded as over accumulation? I have always felt that individuals are at liberty to set their targets as per the quantity of Bitcoin they want to have at at particular point in the life, this is what I have been working with and that is what determines the amount of my income I'm putting into Bitcoin on monthly bases ... because I have a target to reach upon my retirement from active service. Pardon me if I didn't get your post correctly, just that I have been struggling to understand what over accumulation of Bitcoin might possibly means and at what point I would say I have over accumulated Bitcoin.

Yep. Would be glad to read about that from  JayJuanGee too!
People do sometimes don't see the broader picture though, I do agree.
And you got quoting a bit wrong in your post, Odohu. Just a friendly reminder.
 

[Fara Chan]

---

Yep. Would be glad to read about that from  JayJuanGee too!
People do sometimes don't see the broader picture though, I do agree.
And you got quoting a bit wrong in your post, Odohu. Just a friendly reminder.
 

Actually, some of those people are not not seeing the bigger picture of something or Bitcoin which is still a hot topic among many people now. But some people still need to hone their own level of thinking so that they can have a broader picture when researching something including when they hear about Bitcoin at this time. So we also need to look in that direction because the level of thinking and knowledge of each person is still very different so that in every discussion there are always different thoughts even though what they are discussing is about Bitcoin.

[Miles2006]

The longer that i been in bitcoin, the more difficult it comes for me to imagine guys who have spent enough time accumulating bitcoin to put them in a state of over accumulation, and surely accumulating bitcoin through a whole cycle might help, and also front loading the investment might help (which presumes bringing capital from somewhere else beyond just normal pay/cashflow).  So frequently I have been witnessing guys describing themselves as having had reached a status of overaccumulation much earlier than they had actually reached such status.

By over accumulation are you referring to a situation where the investor feels he has gotten more Bitcoin than he planned or there is a number that is generally regarded as over accumulation? I have always felt that individuals are at liberty to set their targets as per the quantity of Bitcoin they want to have at at particular point in the life, this is what I have been working with and that is what determines the amount of my income I'm putting into Bitcoin on monthly bases ... because I have a target to reach upon my retirement from active service. Pardon me if I didn't get your post correctly, just that I have been struggling to understand what over accumulation of Bitcoin might possibly means and at what point I would say I have over accumulated Bitcoin.

No one can actually tell when to stop even if they feel it’s time how can one describe a satisfied portfolio without a target. Concerning a target which includes bitcoin circle some might have not yet reached the target so over accumulation is not a thing an investor should mention while investing, I’m not against those who accumulate aggressively to meet up the target meanwhile those who still find it difficult should continue investing gradually.

[inearth]

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because we have all been long in this thread and have some level of knowledge on this subject matter of investment and doing wo using the best approach, i would give my little impute on this; as regard taking of profit from your investment, if your plan is to invest for a complete circle and by the end of the circle take out some profit, then that is not a bad thing and there might even be some ways you can plan out how you want to go about taking a portion of the profit that will motivate you to go again for the next circle.

I might need to respectfully disagree with this assertion as the only criteria for selling part of your Bitcoin holding I believe and based on JJG’s analysis should be when you have reached or believe to have reached a state of overaccumulation. It is possible not to have achieved this state of overaccumulation in one cycle depending on how aggressive the individual is with his accumulation, and if that is the case that the individual has not been able to achieve the state of overaccumulation, then it’s advised that he should under no circumstances attempt selling his BTC, even if he’s making some profits at that point in time.

You are suggesting that new users are likely to be confused because those who will be holding Bitcoin and the desire for profit may arise. And due to greed, that Bitcoin holder may sell his accumulated Bitcoin, try to invest regularly and keep it for a long time in the future. I have been investing regularly in Bitcoin for a long time, I am still accumulating Bitcoin.
Last week I deposited Bitcoin through DCA method and this week I will deposit more Bitcoin than last week because this week I have deposited more of my money with which I can buy Bitcoin. I will keep this Bitcoin for a long time and after future long-term accumulation, my portfolio will be big. So just be patient and continue investing in Bitcoin which I am very willing to do.

The way you continue to invest is great. The key to every investment strategy is patience and foresight. You are building your portfolio with faith in the future of Bitcoin, which will surely succeed at some point. Every investor should have the ability to ignore temporary fluctuations in the market, so that they prefer to buy more instead of panicking. Because, the lower price an investor can buy bitcoins, the more bitcoin portfolio he can build, The more he can profitable. With patience and regular investment, an investor can build a strong portfolio in the future and be able to earn huge returns.

[PremiumcryptoHub]

You are suggesting that new users are likely to be confused because those who will be holding Bitcoin and the desire for profit may arise. And due to greed, that Bitcoin holder may sell his accumulated Bitcoin, try to invest regularly and keep it for a long time in the future. I have been investing regularly in Bitcoin for a long time, I am still accumulating Bitcoin.
Last week I deposited Bitcoin through DCA method and this week I will deposit more Bitcoin than last week because this week I have deposited more of my money with which I can buy Bitcoin. I will keep this Bitcoin for a long time and after future long-term accumulation, my portfolio will be big. So just be patient and continue investing in Bitcoin which I am very willing to do.

The way you continue to invest is great. The key to every investment strategy is patience and foresight. You are building your portfolio with faith in the future of Bitcoin, which will surely succeed at some point. Every investor should have the ability to ignore temporary fluctuations in the market, so that they prefer to buy more instead of panicking.

One of the keys to being successful in any investment is to regularly purchase bitcoins through an income source and patiently extend that investment over a long period of time. Investors do not need to panic when it comes to investing in Bitcoin because the price of Bitcoin is constantly increasing and even in the future the price of Bitcoin will continue to increase. Since the creation of Bitcoin, we have seen the price of Bitcoin increase in the market and Bitcoin is growing.

Because, the lower price an investor can buy bitcoins, the more bitcoin portfolio he can build, The more he can profitable.

Maybe you shouldn't wait to buy bitcoins at low prices. Investors should aim to buy bitcoin regularly. The amount of bitcoins a person can accumulate by buying bitcoins at low prices, If he buys bitcoins regularly he will be able to accumulate more bitcoins. Moreover, the price of Bitcoin is not always low in the market, that is, the market is not dip. So those who buy bitcoin regularly will grow their portfolio the most and their investment will grow faster.

[Scarlett_23]

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that's a good idea and I'm very happy to receive that good advice and indeed I plan to continue doing DCA forever because I know I'm still early in BTC and I still have little BTC at the moment. and what is certain is that I will not sell my BTC because of course I will be strong and firm in my stance to keep holding BTC for the long term.

But I am amazed by the people here who have been doing DCA for a long time and it can be seen from the discussions that they are very good and of good quality and have broad insight. Yes, I hope one day I can have a lot of BTC and I'm sure it's not too late for me to continue DCA and collect BTC little by little.

Don't get me wrong.

I am not suggesting to never sell your bitcoin.

which I discuss a lot of those ideas in my sustainable withdrawal thread.

Your threads can be very helpful for everyone to gain complete knowledge about bitcoin investment. I tried reading the thread you mentioned a few months ago and have already read original post 2 and original post three from there. Actually one thing seems to be most important that you should not decide to withdraw if your bitcoin amount is not enough. We have to be patient and hold on to our investment without taking such a decision. Moreover, I still stand by such decision, as I have been investing regularly through DCA for many years.

Although many decided to sell their investments during the high price of Bitcoin, I am more patient and willing to buy regularly. Without thinking about withdrawing the investment yet, the goal is to buy bitcoins regularly so that the investment portfolio grows to a much larger extent.

I agree with you that if a person wants to adopt a sound strategy, then his plan should be long-term and his Bitcoin investment method should be the DCA method. If he continues to invest in this way, his portfolio will improve a lot. After a long time, his money will reach such a level that the person will be financially much stronger and he will then be able to go into any business without any risks. After a long time, I will not tell the person to sell the entire Bitcoin money. Because investing in Bitcoin guarantees a safe investment from any other business or job. I will also tell the person to adopt his strategy when withdrawing the money invested in Bitcoin. If his invested money increases by 100%, I will request him to sell 40% of it and keep the rest for a longer period. And this remaining part of him can be the strength and courage of his old age.