Buy Buy Buy or Sell Sell Sell?

[Makus]

Those who sell when they make a small profit are not investors, they are short-term traders. If you want to invest in Bitcoin, you must have such a mentality that my invested money will last for a few years or centuries and I will survive here until the end. Basically, Bitcoin is for those who are patient, not for those who are in a hurry.

Bitcoin investment isn't something that needs to be rushed although there are tons of person who have even gotten the idea of bitcoin through the perception of bitcoin being something thats very easy to make quick funds from which is entirely not the case as with bitcoin investment you will have to sacrifice alot to keep your investment standing strong if not you are gone. But the fact still remains that not everyone is willing to have the mindset of playing the patience.

I think the only sacrifices you need to benefit from bitcoin is by staying consistent and patient.  Bitcoin is not a get rich quick scheme, where they tell you to invest $1000 and get $10,000 same time next week. No! Bitcoin is exceptional from any scam activity that is if you follow instructions, because  aside investment some person might make some mistakes in making deposit to the wrong address probably by ommiting one character and send to the wrong address and start tagging bitcoin a scam. Those who follow instructions to cross check before making payments and hold for long can testify of the profits they've accumulated so far. You know is very nice and fun to watch your portfolio grow in profits as you are consistently accumulating from whichever strategy suite you, the most important thing is that you hold for long and buy staying patient without making short term withdrawals.

[sotelorene]

In my own opinion, it makes no sense trading your Bitcoin for minimal gains, because constant tempering with your stash of Bitcoin might compel you to sell thinking that you can get it back at a lower price which might never be possible again.
Ok let take a look at those that sold their Bitcoin at $69k thinking that they can later buy back, now Bitcoin has gone up to $100k, do you think that Bitcoin will ever collapse to such level? No in my own opinion, so selling and buying back is not the ideal approach that can be used to build a generational wealth because you may miss the big spike in price if you don't have any significant stash at that moment that it happens, so selling and buying back is not ideal too me.

Definitely not, I don’t think those who sold at that price would be able to buy back now and I don’t think Bitcoin would be dropping to that extent $69k anytime soon or ever. It’s a matter of making peace with what price it is now and push yourself through buying at the existing price and have plans on how to manage it.

Have you checked the price of Bitcoin currently? Maybe not because Bitcoin is at 96k and we don't know what the price would be by tomorrow. No what what level the price of Bitcoin may be, it don't think this is the right time to ever think of selling because it doesn't make any sense trying to outsmart the market when it's obvious that orice is dumping to shoot up any moment from now, so as to take some greedy holders unaware. We are not far from 100k and since the beginning of this week, the price of Bitcoin has been ranging and it's not a good time to panic selling.

The idea to sell and buy back complies with the buy low and sell high principle. It’s kind of hard to see that principle as useless or not to make sense. I take it for a strategy risk that individual traders or investors put themselves through. Perhaps not the best strategy given the unpredictable nature of Bitcoin but, it’s a strategy nonetheless.

The strategy of buy low and sell high principle would not make sense trying to outsmart the market at this time when we don't know the next move of Bitcoin. The best decision to take at this moment is to hold and keep holding till Bitcoin hit 150k. I have made similar mistakes in the past trying to sell part of my holding so I can cash out some profits before buying back. I was surprised to see the price of  Bitcoin shooting up after few days of selling, thinking price will fall back so I can buy. The irony of holding is simple and we should not try to be greedy.

Are you suggesting that when the proce of Bitcoin reaches $150k that we should sell everything? This is not a good advice because some persons might be holding for several years and may not even care about selling. There also others using Bitcoin to save their money as a hedge against inflation.

You sound like someone heavily into trading instead of investing because what you have described now which is to buy low and sell high is the same as selling when you feel you have seen enough profits and this is simply trading.

Selling your Bitcoin simply because the price hits $150k is a trading mentality and not the kind of mind set an investor should have, if you are accumulating and holding Bitcoin as your retirement plan or if you have decided to accumulate and hold Bitcoin for 10 years or 20 years and just because Bitcoin hits $150k you decide to sell in other to take profit believe you me you will regret your actions in the future because you have scattered your big plan you have with Bitcoin because of the present profit you saw and you forgot the future profit now as time goes on and Bitcoin keeps growing bigger and better you will regret, as an investor let us always remember there are people who where consistent in accounting Bitcoin ever since Bitcoin was $1k and when Bitcoin grew to $10k some set of people sold and some are still holding till date, those who sold at $10k will wish they where still holding till date, is better you fulfill that big plans you have with Bitcoin to avoid regret and bitterness in the future.

There is nothing wrong for an investor who has hold bitcoin for 10-20 years when he decides to sell little part of his bitcoin holding as long as he is not selling all because he will definitely make some profit from it if he was able to accumulate enough Bitcoin through those years I don't think he will regret selling at that point, there are folks who has accumulated enough Bitcoin and has gotten to their accumulation stage may decide to sell and that doesn't make them to be a trader because they have been buying Bitcoin and hodling for long 10-20 is enough for one to sell if he/she decide as long as they are not selling all bitcoin.

I totally agree with you, 10-20 years is really a long mile of investment and buying consistently and holding this  duration is not really easy and if any investor should buy and hold consistently to this years, there is every tendency and possibility that there return or profit is sure and certain because no matter the volatility of Bitcoin it can not correct or continue to be in a low state for this number of years, it will definitely appreciate very well and any investor who has attain this point selling will not be a bad option or idea but if someone must sell, let the money be used for something good because it took them years to achieve that and the reason why they shouldn't sell all is that, it will be very easy for them to start increasing their holding again.

[Popkon6]

Those who sell when they make a small profit are not investors, they are short-term traders. If you want to invest in Bitcoin, you must have such a mentality that my invested money will last for a few years or centuries and I will survive here until the end. Basically, Bitcoin is for those who are patient, not for those who are in a hurry.

Bitcoin investment isn't something that needs to be rushed although there are tons of person who have even gotten the idea of bitcoin through the perception of bitcoin being something thats very easy to make quick funds from which is entirely not the case as with bitcoin investment you will have to sacrifice alot to keep your investment standing strong if not you are gone. But the fact still remains that not everyone is willing to have the mindset of playing the patience.

Patience and controlling greed are the most important factors in Bitcoin investment, the person who can control all these factors will definitely be successful in Bitcoin investment. Many people invest but they do not know some strategies, in the end, they have to sell their Bitcoin holdings due to scarcity. Whenever you invest, you cannot have any thoughts of selling your investment immediately, you must have a plan, you have to be patient until you reach your destination according to the plan.
You may have to have a plan for the amount of patience (2 bull markets and about 8-10 years). Then you will get the most success in Bitcoin investment, more Bitcoin investment should be held than this, it usually depends on the person holding Bitcoin.

[Fara Chan]

I agree with you that the real Bitcoin lovers are those who have knowledge about the nature and bright future of Bitcoin. So they do not want to waste it by trading. They spend whatever time they get in other professions and try to hold more Bitcoin with the money earned from there.

Those who sell when they make a small profit are not investors, they are short-term traders. If you want to invest in Bitcoin, you must have such a mentality that my invested money will last for a few years or centuries and I will survive here until the end. Basically, Bitcoin is for those who are patient, not for those who are in a hurry.

For investors who already love Bitcoin because they have studied Bitcoin knowledge more completely, of course they will make Bitcoin the main investment target for themselves even though they still work somewhere that still gives them enough money. Because they can use some of the money they get to buy Bitcoin because it has been made a special plan and target in their life.

While traders are people who we don't have to use as motivation or examples in terms of investment because their jobs are very different from those of investors. But if someone is looking to learn about how to trade before learning about investing, of course it is not wrong to learn both of these things as long as there is someone who is willing to provide an explanation of it. Because after all, both of these things are also ways to make money that are still quite effective at this time.

[Pi-network314159]

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Selling your Bitcoin simply because the price hits $150k is a trading mentality and not the kind of mind set an investor should have, if you are accumulating and holding Bitcoin as your retirement plan or if you have decided to accumulate and hold Bitcoin for 10 years or 20 years and just because Bitcoin hits $150k you decide to sell in other to take profit believe you me you will regret your actions in the future because you have scattered your big plan you have with Bitcoin because of the present profit you saw and you forgot the future profit now as time goes on and Bitcoin keeps growing bigger and better you will regret, as an investor let us always remember there are people who where consistent in accounting Bitcoin ever since Bitcoin was $1k and when Bitcoin grew to $10k some set of people sold and some are still holding till date, those who sold at $10k will wish they where still holding till date, is better you fulfill that big plans you have with Bitcoin to avoid regret and bitterness in the future.

There is nothing wrong for an investor who has hold bitcoin for 10-20 years when he decides to sell little part of his bitcoin holding as long as he is not selling all because he will definitely make some profit from it if he was able to accumulate enough Bitcoin through those years I don't think he will regret selling at that point, there are folks who has accumulated enough Bitcoin and has gotten to their accumulation stage may decide to sell and that doesn't make them to be a trader because they have been buying Bitcoin and hodling for long 10-20 is enough for one to sell if he/she decide as long as they are not selling all bitcoin.

That's actually true. There is a point when an investor may have acculated Bitcoin to an extent where he decides to shave off like %10 of his profit to diversify into other assets or use to settle for personal or private matters . So at this point in time it would not be considered as trading or gambling because such investor who have bought and held Bitcoin for 10-20years is Worthy to reap his harvest. But any investor who is bearly new into Bitcoin investment within his first 3 to 4 years who tries thesame thing can be considered as a shirt term investor.

[laijsica]

I totally agree with you, 10-20 years is really a long mile of investment and buying consistently and holding this  duration is not really easy and if any investor should buy and hold consistently to this years, there is every tendency and possibility that there return or profit is sure and certain because no matter the volatility of Bitcoin it can not correct or continue to be in a low state for this number of years, it will definitely appreciate very well and any investor who has attain this point selling will not be a bad option or idea but if someone must sell, let the money be used for something good because it took them years to achieve that and the reason why they shouldn't sell all is that, it will be very easy for them to start increasing their holding again.

This is a long time but if you have a steady source of income 10-20 year period is normal. If you can gradually increase your average savings then time and Bitcoin holdings will flow in parallel. I think it is relatively easy for those who can keep themselves afloat in the income stream and focus on Bitcoin accumulation. You should consider Bitcoin investment from a long-term perspective and keep depositing continuously. The reality is that you should own a decent amount of assets and have discretionary income from a job/business as well as so your consideration should be accordingly. By being more concerned with the buying point of Bitcoin than the selling point and getting a decent holding until you are able to add Bitcoin to your portfolio from your discretionary income (until retirement).

[Proty]

Those who sell when they make a small profit are not investors, they are short-term traders. If you want to invest in Bitcoin, you must have such a mentality that my invested money will last for a few years or centuries and I will survive here until the end. Basically, Bitcoin is for those who are patient, not for those who are in a hurry.

Bitcoin investment isn't something that needs to be rushed although there are tons of person who have even gotten the idea of bitcoin through the perception of bitcoin being something thats very easy to make quick funds from which is entirely not the case as with bitcoin investment you will have to sacrifice alot to keep your investment standing strong if not you are gone. But the fact still remains that not everyone is willing to have the mindset of playing the patience.

I think the only sacrifices you need to benefit from bitcoin is by staying consistent and patient.  Bitcoin is not a get rich quick scheme, where they tell you to invest $1000 and get $10,000 same time next week. No! Bitcoin is exceptional from any scam activity that is if you follow instructions, because  aside investment some person might make some mistakes in making deposit to the wrong address probably by ommiting one character and send to the wrong address and start tagging bitcoin a scam. Those who follow instructions to cross check before making payments and hold for long can testify of the profits they've accumulated so far. You know is very nice and fun to watch your portfolio grow in profits as you are consistently accumulating from whichever strategy suite you, the most important thing is that you hold for long and buy staying patient without making short term withdrawals.

Yes consistency is very important more especially for a new investors that are currently venturing into bitcoin investment there focus should be on continous accumulation of bitcoin until they have accumulated enough bitcoin and hold for at least two or more bitcoin cycles. Using one of the strategies that is appropriate for the investor like dca, buying the dip and lump sum buying. However buying dip, it is not good to be waiting for a desire dip because the investor will avail himself of so many markets opportunities so instead waiting for desire dip dca is always recommended. Without emergency funds investors cannot be to hold there bitcoin for a longer period of time so to avoid this there is always need for an emergency fund. 

[Promocodeudo]

Bitcoin investment isn't something that needs to be rushed although there are tons of person who have even gotten the idea of bitcoin through the perception of bitcoin being something thats very easy to make quick funds from which is entirely not the case as with bitcoin investment you will have to sacrifice alot to keep your investment standing strong if not you are gone. But the fact still remains that not everyone is willing to have the mindset of playing the patience.

Mate what you just said is right, as an intending and existing investor as far as you're your intentions for Bitcoin investment is for a long-term, you must persevere and be very patient enough to scale through in the said investment, if you cant endure them you can thrive.
Those set of people that see Bitcoin as a quick money making investment should be traders whose main purpose in Bitcoin is short term, I see these set of people as people that deceive themselves, if we should abide by the concept of Bitcoin, no one will want to talk about short term investment, Bitcoin is a long-term investment as such anyone going contrary against that, is doing it to their own detriment,  yea one must give up some things in other to achieve his or her goal in the journey of Bitcoin investment, though anyone that cannot endure the test of time does not have a future in Bitcoin and i believe they are the ones that'll get stucked on the way because their deceitful mindset towards Bitcoin investment.

[Derekfunds]

Those who sell when they make a small profit are not investors, they are short-term traders. If you want to invest in Bitcoin, you must have such a mentality that my invested money will last for a few years or centuries and I will survive here until the end. Basically, Bitcoin is for those who are patient, not for those who are in a hurry.

Bitcoin investment isn't something that needs to be rushed although there are tons of person who have even gotten the idea of bitcoin through the perception of bitcoin being something thats very easy to make quick funds from which is entirely not the case as with bitcoin investment you will have to sacrifice alot to keep your investment standing strong if not you are gone. But the fact still remains that not everyone is willing to have the mindset of playing the patience.

I think the only sacrifices you need to benefit from bitcoin is by staying consistent and patient.  Bitcoin is not a get rich quick scheme, where they tell you to invest $1000 and get $10,000 same time next week. No! Bitcoin is exceptional from any scam activity that is if you follow instructions, because  aside investment some person might make some mistakes in making deposit to the wrong address probably by ommiting one character and send to the wrong address and start tagging bitcoin a scam. Those who follow instructions to cross check before making payments and hold for long can testify of the profits they've accumulated so far. You know is very nice and fun to watch your portfolio grow in profits as you are consistently accumulating from whichever strategy suite you, the most important thing is that you hold for long and buy staying patient without making short term withdrawals.

Yes consistency is very important more especially for a new investors that are currently venturing into bitcoin investment there focus should be on continous accumulation of bitcoin until they have accumulated enough bitcoin and hold for at least two or more bitcoin cycles. Using one of the strategies that is appropriate for the investor like dca, buying the dip and lump sum buying. However buying dip, it is not good to be waiting for a desire dip because the investor will avail himself of so many markets opportunities so instead waiting for desire dip dca is always recommended. Without emergency funds investors cannot be to hold there bitcoin for a longer period of time so to avoid this there is always need for an emergency fund. 

Yea consistency is important but not just especially for newbie alone because there are investors who started their investment long time ago but if you check in their wallet it will be as if they started new so anyone who is investing in Bitcoin so long as you haven't reach to a set target you need to be consistent though sometimes it can be somehow at times, for me I don't have a set target but when I get to that point I will know that yes I have gotten to a good height and setting a target can be very interesting if you have a good discretionary and a well paying job.

[betswift]

That's actually true. There is a point when an investor may have acculated Bitcoin to an extent where he decides to shave off like %10 of his profit to diversify into other assets or use to settle for personal or private matters . So at this point in time it would not be considered as trading or gambling because such investor who have bought and held Bitcoin for 10-20years is Worthy to reap his harvest. But any investor who is bearly new into Bitcoin investment within his first 3 to 4 years who tries thesame thing can be considered as a shirt term investor.

Investment exists fore a reason - to reap the rewards eventually.
So getting 10-20% out and continuing with the same reliable strat is totally viable.
Because if you only accumulate - you won't have reliazed PNL in the end.

[Stormisover]

Those who sell when they make a small profit are not investors, they are short-term traders. If you want to invest in Bitcoin, you must have such a mentality that my invested money will last for a few years or centuries and I will survive here until the end. Basically, Bitcoin is for those who are patient, not for those who are in a hurry.

Bitcoin investment isn't something that needs to be rushed although there are tons of person who have even gotten the idea of bitcoin through the perception of bitcoin being something thats very easy to make quick funds from which is entirely not the case as with bitcoin investment you will have to sacrifice alot to keep your investment standing strong if not you are gone. But the fact still remains that not everyone is willing to have the mindset of playing the patience.

I think the only sacrifices you need to benefit from bitcoin is by staying consistent and patient.  Bitcoin is not a get rich quick scheme, where they tell you to invest $1000 and get $10,000 same time next week. No! Bitcoin is exceptional from any scam activity that is if you follow instructions, because  aside investment some person might make some mistakes in making deposit to the wrong address probably by ommiting one character and send to the wrong address and start tagging bitcoin a scam. Those who follow instructions to cross check before making payments and hold for long can testify of the profits they've accumulated so far. You know is very nice and fun to watch your portfolio grow in profits as you are consistently accumulating from whichever strategy suite you, the most important thing is that you hold for long and buy staying patient without making short term withdrawals.

Yes consistency is very important more especially for a new investors that are currently venturing into bitcoin investment there focus should be on continous accumulation of bitcoin until they have accumulated enough bitcoin and hold for at least two or more bitcoin cycles. Using one of the strategies that is appropriate for the investor like dca, buying the dip and lump sum buying. However buying dip, it is not good to be waiting for a desire dip because the investor will avail himself of so many markets opportunities so instead waiting for desire dip dca is always recommended. Without emergency funds investors cannot be to hold there bitcoin for a longer period of time so to avoid this there is always need for an emergency fund.  

I think there is nothing actually wrong if an investor decides to use more than one strategy especially if they have made the appropriate planning that will not affect them negatively from taken care of their important needs, for instance an investor can have an ongoing Dcaing which he does either weekly or monthly and still decide to buy the dip with a reserve funds. Am investors can combine different strategies if it suits them, good planning depending on how money gets to you and how much is made available for investment, investment goals and objectives can also affects an investor choice of strategy or strategies.

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Selling your Bitcoin simply because the price hits $150k is a trading mentality and not the kind of mind set an investor should have, if you are accumulating and holding Bitcoin as your retirement plan or if you have decided to accumulate and hold Bitcoin for 10 years or 20 years and just because Bitcoin hits $150k you decide to sell in other to take profit believe you me you will regret your actions in the future because you have scattered your big plan you have with Bitcoin because of the present profit you saw and you forgot the future profit now as time goes on and Bitcoin keeps growing bigger and better you will regret, as an investor let us always remember there are people who where consistent in accounting Bitcoin ever since Bitcoin was $1k and when Bitcoin grew to $10k some set of people sold and some are still holding till date, those who sold at $10k will wish they where still holding till date, is better you fulfill that big plans you have with Bitcoin to avoid regret and bitterness in the future.

There is nothing wrong for an investor who has hold bitcoin for 10-20 years when he decides to sell little part of his bitcoin holding as long as he is not selling all because he will definitely make some profit from it if he was able to accumulate enough Bitcoin through those years I don't think he will regret selling at that point, there are folks who has accumulated enough Bitcoin and has gotten to their accumulation stage may decide to sell and that doesn't make them to be a trader because they have been buying Bitcoin and hodling for long 10-20 is enough for one to sell if he/she decide as long as they are not selling all bitcoin.

That's actually true. There is a point when an investor may have acculated Bitcoin to an extent where he decides to shave off like %10 of his profit to diversify into other assets or use to settle for personal or private matters . So at this point in time it would not be considered as trading or gambling because such investor who have bought and held Bitcoin for 10-20years is Worthy to reap his harvest. But any investor who is bearly new into Bitcoin investment within his first 3 to 4 years who tries thesame thing can be considered as a shirt term investor.

Don't you think it will be more better to call them traders than a short term investor?

[Awak Bambi]

...

Investment exists fore a reason - to reap the rewards eventually.
So getting 10-20% out and continuing with the same reliable strat is totally viable.
Because if you only accumulate - you won't have reliazed PNL in the end.

Income at 10-20% is the income of short-term traders and is not in the same class as the income of long-term investors in Bitcoin. We can make accumulation on investments, but if it is limited to trading and getting such profits, I think it always requires more strategies because market conditions are not always the same from one day to the next. While investors only need a strategy to buy Bitcoin more often in a time that they themselves determine without having to complicate it with more strategies that sometimes some of them are useless for them.

Now let's look back a few years to the investors who were brave enough to buy Bitcoin in large quantities and are still holding it to this day, I think they have made a profit of more than 100% and that is a profit that is quite commensurate with the capital they have used for it and has outperformed traders who are only looking for a little profit in the short term with uncertainty.

[SOKO-DEKE]

Bitcoin investment isn't something that needs to be rushed although there are tons of person who have even gotten the idea of bitcoin through the perception of bitcoin being something thats very easy to make quick funds from which is entirely not the case as with bitcoin investment you will have to sacrifice alot to keep your investment standing strong if not you are gone. But the fact still remains that not everyone is willing to have the mindset of playing the patience.

I would like to say that those people who always have the mindset of making quick funds from Bitcoin are the ones who do not understand that Bitcoin is all about investment and is reason they keeping losing their funds time to time.In an investment, it always takes a long period before an investor starts thinking about taking profits from the investment. Instead of thinking about profits, they should focus on investing more and more so they can have a larger portion of the investment.

For anyone who treats Bitcoin as an investment, I expect that person to hold onto their Bitcoin for a very long period of time. In investments, things don't just happen overnight. It will surely take time before someone starts seeing the benefits of the investment.

Bitcoin has made some people rich, but the truth is that those investors were patient enough. In fact, many of them are still patient, continuing to buy more Bitcoin to top up their wallets because they know Bitcoin is here to stay and more profit make in future.

[Tamaperdana]

I agree with you that the real Bitcoin lovers are those who have knowledge about the nature and bright future of Bitcoin. So they do not want to waste it by trading. They spend whatever time they get in other professions and try to hold more Bitcoin with the money earned from there.

Those who sell when they make a small profit are not investors, they are short-term traders. If you want to invest in Bitcoin, you must have such a mentality that my invested money will last for a few years or centuries and I will survive here until the end. Basically, Bitcoin is for those who are patient, not for those who are in a hurry.

Bitcoin lovers certainly know the future potential contained in bitcoin. Because of course they did an analysis of Bitcoin and they definitely found something that showed Bitcoin's great potential. However, in my personal opinion, it is not correct to say that only an investor can be called a Bitcoin lover. Because even a trader, I think they also really like bitcoin. That's why they choose to trade bitcoin and not altcoins. So in this case, in my opinion, don't corner traders too much on bitcoin. Because after all, with bitcoin traders, the bitcoin market becomes more lively.

Therefore, even though I am a bitcoin investor, I have the assumption that people who trade bitcoin are not wrong. It's just that they won't get the maximum results that an investor would get. Additionally, regarding what you said about investing in Bitcoin for ages, I think it sounds a bit unrealistic. Because investment is aimed at various things, but certainly for the future to be better. But if you say it for centuries, I don't think it makes sense. Because we don't necessarily live a century. So the realistic investment time in bitcoin, is 10-15 years for people over 40 years. And 15-20 years for people in their 30s.

[DubemIfedigbo001]

Lets say that you were in bitcoin for the last 9 years and you had invested $100 per week, you would have had invested $47k and you would have nearly 14 BTC.  Do you think that a trader could have had beaten those kinds of results?

Not a chance, it wouldn't even be close even if he was the best trader on the planet. Traders have the mindset of having to live off their gains and not necessarily increasing their leverage timely because trading is their source of income unlike investors whose discipline is increasing their portfolio periodically and are encouraged to have other sources of income so as to have discretionary income available for periodic purchases.

Most times when traders have good profits, they go off to invest in pump and dump shitcoins in order to maximize their funds since they are used to gambling and trust me, most of them aren't always that lucky to take out their funds before it dumps, leading to serious funds loss and portfolio retardation. Most traders portfolios, including my friends are not increasing significantly, if at all, so there is little or no growth.

Finally, all their activities are short-term, so they miss out consistently on the compounding effect of bitcoin price that investors tend to enjoy on the long-run.

[Sticky Bomb]

Yea consistency is important but not just especially for newbie alone because there are investors who started their investment long time ago but if you check in their wallet it will be as if they started new so anyone who is investing in Bitcoin so long as you haven't reach to a set target you need to be consistent though sometimes it can be somehow at times, for me I don't have a set target but when I get to that point I will know that yes I have gotten to a good height and setting a target can be very interesting if you have a good discretionary and a well paying job.

One of the most important preparatory actions of a bitcoin investor is having an accumulation target aside of course accumulation amounts as well as a hodling period,  and your accumulation target it serves as your finishing line and is main focus to reach faster in your journey. without it you might be wacky in your accumulation since you don't have a target. I recommend having a target even in your little income no matter how small and tend to readjust it if you reach it before your holding period expires and if I may ask, how would you even know you've got to the point you are insinuating without a target. Having an accumulation target is very important to sustain our drive and continuity potential in our accumulation journey.

Investment exists fore a reason - to reap the rewards eventually.
So getting 10-20% out and continuing with the same reliable strat is totally viable.
Because if you only accumulate - you won't have reliazed PNL in the end.

It depends on when you plan doing this, If you do it at a point of over accumulation, there is surely no problem, although I see it as too much to shave off at once, but at the level of your ongoing accumulation journey, and when you might have not accumulated enough, then it becomes a problem for you to always want to prey on your portfolio before maturity, and you may likely end up increasing the percentage over time and liquidating your portfolio and having nothing much, if at all to show from your periods of assumed accumulation.

You need to discipline yourself to only accumulate persistently, consistently, aggressively and committedly over your holding period, thinking of preying on your investment before maturity might not end well and selling off too soon makes you a trader.

[$crypto$]

Bitcoin investment isn't something that needs to be rushed although there are tons of person who have even gotten the idea of bitcoin through the perception of bitcoin being something thats very easy to make quick funds from which is entirely not the case as with bitcoin investment you will have to sacrifice alot to keep your investment standing strong if not you are gone. But the fact still remains that not everyone is willing to have the mindset of playing the patience.

I would like to say that those people who always have the mindset of making quick funds from Bitcoin are the ones who do not understand that Bitcoin is all about investment and is reason they keeping losing their funds time to time.In an investment, it always takes a long period before an investor starts thinking about taking profits from the investment. Instead of thinking about profits, they should focus on investing more and more so they can have a larger portion of the investment.

For anyone who treats Bitcoin as an investment, I expect that person to hold onto their Bitcoin for a very long period of time. In investments, things don't just happen overnight. It will surely take time before someone starts seeing the benefits of the investment.

Bitcoin has made some people rich, but the truth is that those investors were patient enough. In fact, many of them are still patient, continuing to buy more Bitcoin to top up their wallets because they know Bitcoin is here to stay and more profit make in future.

Maybe people like them see in terms of increase only so they think in bitcoin can get rich quickly without doing patience or persistence, still people think like this and I think he doesn't understand how to invest in bitcoin, they will not be patient to be able to survive investing in bitcoin.

Yes until now I still hold bitcoin for several years until now --- accumulation is still done by means of DCA because this is one of the easy versions of bitcoin collection for me, as long as it remains consistent every week or month.

Nothing happens overnight it all takes a long process.

It's true that I see many successful people in bitcoin getting rich, they are not a trader or buying suddenly rich, but those who always set aside every time in bitcoin to buy it when it is still cheap and now it is high they have made a profit.

Although some of them are still HODL, including myself will try HODL longer.
I want to have future funds in bitcoin including retirement funds later.

[JayJuanGee]

Bitcoin investment isn't something that needs to be rushed although there are tons of person who have even gotten the idea of bitcoin through the perception of bitcoin being something thats very easy to make quick funds from which is entirely not the case as with bitcoin investment you will have to sacrifice alot to keep your investment standing strong if not you are gone. But the fact still remains that not everyone is willing to have the mindset of playing the patience.

I would like to say that those people who always have the mindset of making quick funds from Bitcoin are the ones who do not understand that Bitcoin is all about investment and is reason they keeping losing their funds time to time.In an investment, it always takes a long period before an investor starts thinking about taking profits from the investment. Instead of thinking about profits, they should focus on investing more and more so they can have a larger portion of the investment.

For anyone who treats Bitcoin as an investment, I expect that person to hold onto their Bitcoin for a very long period of time. In investments, things don't just happen overnight. It will surely take time before someone starts seeing the benefits of the investment.

Bitcoin has made some people rich, but the truth is that those investors were patient enough. In fact, many of them are still patient, continuing to buy more Bitcoin to top up their wallets because they know Bitcoin is here to stay and more profit make in future.

Once you reach a status of overaccumulation, you may well feel that you do not need to buy any more BTC, except maybe on extreme dips. So you might go from buying bitcoin regularly, to buying bitcoin on dips, and then just selling small amounts as the BTC price goes up or perhaps selling at various  timelines, as I discuss in my sustainable withdrawal thread.

So for example, if your goal is to have 21 BTC (based on today's value and what you believe that you can do with that based on 200-WMA valuations of such a stash), yet over the past 10 years you have 35 BTC, then you have around 60% extra BTC from your own specific target, and you don't have to sell your extra BTC at one time, you can instead just use your extra BTC as kind of cushion to sell small portions of the  extra whenever you like, and so even if you might be selling some of your BTC from time to time, the whole value of your BTC holdings may well be growing at a faster pace than you are selling it... so you end up having the good problem of trying to figure out ways to increase your spending.

You can also measure the value of your holdings based on the 200-WMA rather than spot price, even though sure, if you are buying and selling, you are doing that at spot prices, yet the use of the 200-WMA as your BTC valuation metric  can help to ground you in terms of coming to better decisions regarding how to manage your BTC holdings.

I agree with you that the real Bitcoin lovers are those who have knowledge about the nature and bright future of Bitcoin. So they do not want to waste it by trading. They spend whatever time they get in other professions and try to hold more Bitcoin with the money earned from there.

Those who sell when they make a small profit are not investors, they are short-term traders. If you want to invest in Bitcoin, you must have such a mentality that my invested money will last for a few years or centuries and I will survive here until the end. Basically, Bitcoin is for those who are patient, not for those who are in a hurry.

Bitcoin lovers certainly know the future potential contained in bitcoin. Because of course they did an analysis of Bitcoin and they definitely found something that showed Bitcoin's great potential. However, in my personal opinion, it is not correct to say that only an investor can be called a Bitcoin lover. Because even a trader, I think they also really like bitcoin. That's why they choose to trade bitcoin and not altcoins. So in this case, in my opinion, don't corner traders too much on bitcoin. Because after all, with bitcoin traders, the bitcoin market becomes more lively.

Therefore, even though I am a bitcoin investor, I have the assumption that people who trade bitcoin are not wrong. It's just that they won't get the maximum results that an investor would get. Additionally, regarding what you said about investing in Bitcoin for ages, I think it sounds a bit unrealistic. Because investment is aimed at various things, but certainly for the future to be better. But if you say it for centuries, I don't think it makes sense. Because we don't necessarily live a century. So the realistic investment time in bitcoin, is 10-15 years for people over 40 years. And 15-20 years for people in their 30s.

Bitcoin traders are wrong because they are placing extra risk onto an otherwise good investment.  If for some reason they cannot control their temptation to trade, then maybe they should limit their trading  to less than 10% of their bitcoin stash, but their problem is that they likely cannot limit  themselves,  and when trading there tend to be slippery  slopes of wanting to do more and more and  more and not being able to place limits on such bad thinking and bad ways of managing something like bitcoin.

Sure, younger people have longer time periods, but they don't necessarily need to limit themselves in terms of their timeline, so if they are able to reach a high enough BTC accumulation level, then they can  still pull the fuck you lever and just live off of their BTC.. The main issue for anyone is to not make mistakes in terms of how they calculate whether or not they have reached an adequate (or more than adequate) level of BTC accumulation, which again, I think that BTC HODLers (no matter the age) should be measuring the value of their BTC based on the 200-WMA (bottom prices) rather than spot prices which tend to be all over the place... .and surely each of us is  responsible for figuring out how much is enough and more than enough so that we don't make the mistake of thinking that we have enough, when we don't.  Another mistake that people tend to make is to prematurely spend down their principle, rather than spending from the price appreciation that allows the investment to be gaining in value faster than it is being spent... And these kinds of matters can be reasonably calculate in reasonable and prudent ways that assure that you don't pull the fuck you lever too soon and you manage your BTC holdings properly.. and I suppose another issue is to make sure that your BTC are adequately protected so that you don't end up losing them.

Investment exists fore a reason - to reap the rewards eventually.
So getting 10-20% out and continuing with the same reliable strat is totally viable.
Because if you only accumulate - you won't have reliazed PNL in the end.

It depends on when you plan doing this, If you do it at a point of over accumulation, there is surely no problem, although I see it as too much to shave off at once, but at the level of your ongoing accumulation journey, and when you might have not accumulated enough, then it becomes a problem for you to always want to prey on your portfolio before maturity, and you may likely end up increasing the percentage over time and liquidating your portfolio and having nothing much, if at all to show from your periods of assumed accumulation.

You need to discipline yourself to only accumulate persistently, consistently, aggressively and committedly over your holding period, thinking of preying on your investment before maturity might not end well and selling off too soon makes you a trader.

In bitcoin, I am a pretty big fan of incremental withdrawals rather than making BIG withdrawals, yet of course there is a certain presumption that no withdrawals are really happening prior to reaching a status of overaccumulation... and also if someone is shaving off 10% to 20% at one time, are they doing that with expectations to buy back cheaper? 

Surely, people can do what they like, and if a person had spent quite a few years accumulating, they may well be in a position that shaving off 10% or 20% is not really a big problem, yet they might be mislead if they might be shaving off 20% to put into real estate, and surely they need to realize that the real estate is likely not going to be  holding its value as  well as bitcoin, but still people do make their own personal choices which sometimes makes sense in regards to their own balancing of their personal matters...and surely shaving off 10% to 20% after the BTC price had doubled or tripled or gone up 4-5x would not be unreasonable, especially for someone who is already feeling that he is out of his accumulation stages, and he had reached a status of overaccumulation.

[Tonimez]

That is exactly how it is suppose to be, holding for a long period of time before having a thought of selling but it appears that some people have made up their mind to buy and sell whenever there is a little profit and hoping to buy back when the price drop although it may look like a strategy for them but trust me it is not the best approach to Bitcoin investment and most of these people don't use what they can afford to let go that is why when they buy at a certain price they will have a target where they want the price to reach before they will sell and whenever this doesn't go as planned and they used what they can not afford to let, they will sell even in loss and this means that you are going backward instead of forward.

Those set of people that always have a mindset of selling their Bitcoin anytime when they see some little profits in Bitcoin I always consider that type of people as traders. To my understanding, they are not investors. If someone can't hold Bitcoin for certain years before thinking of selling, they are traders pretending to be investors, and this kind of people hardly make it from Bitcoin.

Having a mindset to sell when the price of Bitcoin rises and buying back when it falls this method has made some people lose more opportunities because the price of Bitcoin may not fall to the target they set.

As you said, the best approach to Bitcoin is investing in it, not trading it. In fact, trading exhausts much of people’s time, time which could be used for other hustles that could bring in more money to continue accumulating Bitcoin.

I agree with you that the real Bitcoin lovers are those who have knowledge about the nature and bright future of Bitcoin. So they do not want to waste it by trading. They spend whatever time they get in other professions and try to hold more Bitcoin with the money earned from there.

Those who sell when they make a small profit are not investors, they are short-term traders. If you want to invest in Bitcoin, you must have such a mentality that my invested money will last for a few years or centuries and I will survive here until the end. Basically, Bitcoin is for those who are patient, not for those who are in a hurry.

I hope most of the post we read here were not just aimed at deceit. Like how do we still think it's arguable if a person decides to sell his accumulation. 10 to 20 years is quite a big length of time. So it's already above a decade and it's a whole lot of patient driven holding. A trader spares no bitcoin if there's any small market rise. Someone who has held his accumulation for ten years can sell a part even though it doesn't mean he can't hold any longer.

We accumulate to sell later. Anyone who accumulates indefinitely may loose all investments if he eventually dies or looses his log in details. While accumulating, don't forget that life is not indefinite.

[Lembo69]

A Bitcoin investor invests in the hope of a good profit in the future, just like saving. However, many people hold back thinking that if they do not get a good profit from Bitcoin, then both their time and effort will be wasted. In fact, those who think like this are not very aware of the concept of investment. The first characteristic of an investor should be that he must profit and until he gets a good profit, he will keep holding, I firmly believe that those who are successful are those who remain steadfast and hold Bitcoin. Sometimes it happens that investors are forced to sell BTC even if there is a loss for some special reason. My advice to them is that the time of purchase is not over yet, where you think it is all over and start again from there