Buy Buy Buy or Sell Sell Sell?

[JayJuanGee]

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.

You do not have to either continue to accumulate or to sell all of your bitcoin in order to find some kind of a balance.

Many times folks reach a high enough accumulation of an asset that they can sell small amounts at various points in time, so maybe after 10 or 20 years a person's bitcoin holdings might be 5-10x in profits.. so they are not very worried about selling some of it, but they still don't have to sell all  of it in order to get benefits from having had accumulated it.

There are some folks that don't sell their most pristine of assets, so they might use their most pristine of assets as collateral.

There is no need to think about bitcoin as all or nothing or as if it were a trade, rather than an investment that is held onto since bitcoin still might be the best of assets 20 years from  now, so why would you want to sell your best investments, unless that is the ONLY thing that you have left.. .. and presumably people don't have 100% of their net worth ONLY in bitcoin, even 20 years from now.

[Sim_card]

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.

You do not have to either continue to accumulate or to sell all of your bitcoin in order to find some kind of a balance.

Many times folks reach a high enough accumulation of an asset that they can sell small amounts at various points in time, so maybe after 10 or 20 years a person's bitcoin holdings might be 5-10x in profits.. so they are not very worried about selling some of it, but they still don't have to sell all  of it in order to get benefits from having had accumulated it.

There are some folks that don't sell their most pristine of assets, so they might use their most pristine of assets as collateral.

There is no need to think about bitcoin as all or nothing or as if it were a trade, rather than an investment that is held onto since bitcoin still might be the best of assets 20 years from  now, so why would you want to sell your best investments, unless that is the ONLY thing that you have left.. .. and presumably people don't have 100% of their net worth ONLY in bitcoin, even 20 years from now.

Selling all of it is not ideal and it makes it look as if you don't understand the meaning of investment since investment should always be running overtime no matter the number of years be it 20- 30 years and above if there's someone to handle it carefully to maintain the investment so that it can keep on yielding profits overtime and you will always be taking little profits overtime that wouldn't affect the continuity and progress of the investment.

This is how bitcoin investment is too, looks like some people don't understand this because bitcoin is not some physical business or investment that they can see the real value in it with the passage of time. I have decided to keep on DCAing and keep my bitcoin investment ongoing till I reach the maintenance stage and make my bitcoin investment part of my life because I can't imagine myself alive with a single Satoshi. What on earth will make me sell all my bitcoin and put into an investment that is not as profitable as bitcoin overtime or hold too much fiat.

[Richbased]

Selling all of it is not ideal and it makes it look as if you don't understand the meaning of investment since investment should always be running overtime no matter the number of years be it 20- 30 years and above if there's someone to handle it carefully to maintain the investment so that it can keep on yielding profits overtime and you will always be taking little profits overtime that wouldn't affect the continuity and progress of the investment.

What is the need of taking profits overtime? what will you be using the profits to do? those are the questions and projecting 20-30 years will depend on the age of the hodler and if they have also reach their target of accumulation. The only time i can consider to take profits from my investment is after i must have accumulated to my satisfaction and have made a lot of profits which i know that if a take the profits i will invest it on something productive but taking profits and still keep it in Fiats or some stablecoins will make no sense at all so before intending to take profits you should be able to have a concrete plan of what to do with the profits you have gotten from your investments.

[sotelorene]

Selling all of it is not ideal and it makes it look as if you don't understand the meaning of investment since investment should always be running overtime no matter the number of years be it 20- 30 years and above if there's someone to handle it carefully to maintain the investment so that it can keep on yielding profits overtime and you will always be taking little profits overtime that wouldn't affect the continuity and progress of the investment.

What is the need of taking profits overtime? what will you be using the profits to do? those are the questions and projecting 20-30 years will depend on the age of the hodler and if they have also reach their target of accumulation. The only time i can consider to take profits from my investment is after i must have accumulated to my satisfaction and have made a lot of profits which i know that if a take the profits i will invest it on something productive but taking profits and still keep it in Fiats or some stablecoins will make no sense at all so before intending to take profits you should be able to have a concrete plan of what to do with the profits you have gotten from your investments.

When people say accumulate Bitcoin to the point they feel they are satisfied even myself I use to reason it atimes because I feel there is an extent someone will reach in his or her accumulation it will be like, they should not stop investing because of the potential of Bitcoin what it hold In the future. I doubt if anyone will sell off their Bitcoin investment if they don't have anything meaningful to do with the money and one of the essence of us investing is to also enjoy our profit whenever we have worked some miles  to achieve a great height in this investment, because what is the need of investing without selling some when our portfolio is so huge, we are suppose to enjoy our investment and at same time keep holding.

[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.

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.

Yes, I also agree with your assumption. Because quite a lot of bitcoin traders cannot resist the temptation to take more than 10% of their bitcoins for trading. Maybe it could be said that it would still be better if the trader carried out his trades on the spot market. Because if someone trades bitcoin on the spot market, I don't think that person will lose as long as they are patient and wait. Because the price of bitcoin will definitely continue to rise again. However, if trade bitcoin futures, in my opinion this is what endangers bitcoin traders. Because in futures trading, even if you trade Bitcoin, the risk is still very big. Because when trading futures there is liquidity that you have to be aware of. So trading bitcoin in futures can still make us lose money. So I personally also really don't recommend trading bitcoin in futures. But if you trade bitcoin on the spot market, I don't think this is a big deal. So what do you think about my assumptions?

And regarding the timing of investing in bitcoin, everyone has different time periods and goals. So we really can't equate this. I only provide information about the ideal time to invest in Bitcoin according to my assumptions. Because as you said, the most important thing is that we don't pull the lever too quickly to sell bitcoin. And this is something that we must pay attention to and implement in the bitcoin investments that we carry out.

[fikrett]

What is the need of taking profits overtime? what will you be using the profits to do? those are the questions and projecting 20-30 years will depend on the age of the hodler and if they have also reach their target of accumulation. The only time i can consider to take profits from my investment is after i must have accumulated to my satisfaction and have made a lot of profits which i know that if a take the profits i will invest it on something productive but taking profits and still keep it in Fiats or some stablecoins will make no sense at all so before intending to take profits you should be able to have a concrete plan of what to do with the profits you have gotten from your investments.

Profit is taken either when it's needed or when the target is reached.
Other than that - surely, one should hodl more and stay happy doing so.

[Barikui1]

What is the need of taking profits overtime? what will you be using the profits to do? those are the questions and projecting 20-30 years will depend on the age of the hodler and if they have also reach their target of accumulation. The only time i can consider to take profits from my investment is after i must have accumulated to my satisfaction and have made a lot of profits which i know that if a take the profits i will invest it on something productive but taking profits and still keep it in Fiats or some stablecoins will make no sense at all so before intending to take profits you should be able to have a concrete plan of what to do with the profits you have gotten from your investments.

Profit is taken either when it's needed or when the target is reached.
Other than that - surely, one should hodl more and stay happy doing so.

Talking about the bold words in your statement, honestly it's mostly traders that talks like this, you don't take profit from your holdings because you are in need, that's why source of income and an emergency funds are in place to sorts out your financial needs, your Bitcoin holdings is an asset you hold for a very long period of time in other to change your financial status for ever, not what you just hold and decide to withdraw because it's been needed to sort some financial needs, it's only traders and those that Normally sell their Bitcoin for minimal gains that thinks and speaks that way.

[Sim_card]

Profit is taken either when it's needed or when the target is reached.

As someone still in his accumulation journey, you don't think of profit in your bitcoin investment talkmore of taking profit, because it will distract you and make you to reduce the size of your bitcoin portfolio instead of increasing it. There should be no reason on earth that should make you tamper with your bitcoin investment during your accumulation stage, and that's why the need for proper plan and putting in place all the necessary things needed for you to stay away from selling your bitcoin investment is very important.

Investing in bitcoin should be done with your discretionary income and you should also set up various back up funds which are emergency funds, reserve funds and float. So that you can tap from your float for your wants and maybe your reserve funds but you shouldn't touch your emergency funds only if a real emergency arises. You needs should be sorted out from your income and not from your discretionary income, because it's after taking care of your basic needs and monthly expenses, the left over is used to invest in bitcoin.

[avp2306]

What is the need of taking profits overtime? what will you be using the profits to do? those are the questions and projecting 20-30 years will depend on the age of the hodler and if they have also reach their target of accumulation. The only time i can consider to take profits from my investment is after i must have accumulated to my satisfaction and have made a lot of profits which i know that if a take the profits i will invest it on something productive but taking profits and still keep it in Fiats or some stablecoins will make no sense at all so before intending to take profits you should be able to have a concrete plan of what to do with the profits you have gotten from your investments.

Profit is taken either when it's needed or when the target is reached.
Other than that - surely, one should hodl more and stay happy doing so.

Talking about the bold words in your statement, honestly it's mostly traders that talks like this, you don't take profit from your holdings because you are in need, that's why source of income and an emergency funds are in place to sorts out your financial needs, your Bitcoin holdings is an asset you hold for a very long period of time in other to change your financial status for ever, not what you just hold and decide to withdraw because it's been needed to sort some financial needs, it's only traders and those that Normally sell their Bitcoin for minimal gains that thinks and speaks that way.

Actually I don't see any problem for doing it especially if you are on need of immediate funds. I understand that we need to have build a emergency funds so that we can cover those emergency situation that we might encounter in future. But not everyone could set this up as fast as we think since there are people starting their journey pay attention first their Bitcoin accumulation and later on their emergency funds set up will come late.

What's important is the lesson they learn that emergency funds is really important on their journey, so that next time they would never heavily got affected if there's worse situation happened since they are more prepared for second time around.

People could start over again and they should do better decision next time to succeed and make sure that there's no other things would bother on their next accumulation phase.

[Barikui1]

What is the need of taking profits overtime? what will you be using the profits to do? those are the questions and projecting 20-30 years will depend on the age of the hodler and if they have also reach their target of accumulation. The only time i can consider to take profits from my investment is after i must have accumulated to my satisfaction and have made a lot of profits which i know that if a take the profits i will invest it on something productive but taking profits and still keep it in Fiats or some stablecoins will make no sense at all so before intending to take profits you should be able to have a concrete plan of what to do with the profits you have gotten from your investments.

Profit is taken either when it's needed or when the target is reached.
Other than that - surely, one should hodl more and stay happy doing so.

Talking about the bold words in your statement, honestly it's mostly traders that talks like this, you don't take profit from your holdings because you are in need, that's why source of income and an emergency funds are in place to sorts out your financial needs, your Bitcoin holdings is an asset you hold for a very long period of time in other to change your financial status for ever, not what you just hold and decide to withdraw because it's been needed to sort some financial needs, it's only traders and those that Normally sell their Bitcoin for minimal gains that thinks and speaks that way.

Actually I don't see any problem for doing it especially if you are on need of immediate funds. I understand that we need to have build a emergency funds so that we can cover those emergency situation that we might encounter in future. But not everyone could set this up as fast as we think since there are people starting their journey pay attention first their Bitcoin accumulation and later on their emergency funds set up will come late.

What's important is the lesson they learn that emergency funds is really important on their journey, so that next time they would never heavily got affected if there's worse situation happened since they are more prepared for second time around.

People could start over again and they should do better decision next time to succeed and make sure that there's no other things would bother on their next accumulation phase.

As a Bitcoin investor, because you are a newbie doesn't mean that you should not be open to learn all that it entails to be a successful Holder, because their is no sense in selling off your holdings when you are still in your accumulation stage,  and it can only happen when your financial planning are very poor.

Regardless of wether you are a newbie or not, once you have the basic knowledge on how to buy, and what is required to hold successfully by having a source of income and an emergency funds and possibly a backup fund, their is no way you will sell your holdings when you are still in your accumulation stage, that's why is see it as lack of proper planning is the only way a Bitcoin investor will sell his holdings when he is still in it accumulation journey.

[SuperBitMan]

What is the need of taking profits overtime? what will you be using the profits to do? those are the questions and projecting 20-30 years will depend on the age of the hodler and if they have also reach their target of accumulation. The only time i can consider to take profits from my investment is after i must have accumulated to my satisfaction and have made a lot of profits which i know that if a take the profits i will invest it on something productive but taking profits and still keep it in Fiats or some stablecoins will make no sense at all so before intending to take profits you should be able to have a concrete plan of what to do with the profits you have gotten from your investments.

Profit is taken either when it's needed or when the target is reached.
Other than that - surely, one should hodl more and stay happy doing so.

Taking profit from your Bitcoin investment Because is needed in other to settle a particular thing is not a good approach, as an investor you are suppose to have a backup funds such as emergency, float and reserved funds this funds are there to help you in time of emergency or when you needed finance for solving an issue, if you have the mindset that when ever you need money you can dip hands into your Bitcoin investment then you are more like a trader and not an investor, as an investor you should be more concern in securing your investment and that is why backup funds is needed.

Your other statement that says one can take profit when his target is reach is a good approach however it depends on the kind of target you set before starting your accumulation journey, if your target is for you to accumulate consistently and hold for 5 or 10 years and you achieved that target is okay to take your profit, if your plan and target is for you to accumulate and hold till you retire from work and you achieved it you can take your profit however from the time your started accumulating till your retirement should be 5 years upward ( just an advice) but if your target is a month or a year target then you are not an investor put a trader.

[bitzizzix]

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.

You do not have to either continue to accumulate or to sell all of your bitcoin in order to find some kind of a balance.

Many times folks reach a high enough accumulation of an asset that they can sell small amounts at various points in time, so maybe after 10 or 20 years a person's bitcoin holdings might be 5-10x in profits.. so they are not very worried about selling some of it, but they still don't have to sell all  of it in order to get benefits from having had accumulated it.

There are some folks that don't sell their most pristine of assets, so they might use their most pristine of assets as collateral.

There is no need to think about bitcoin as all or nothing or as if it were a trade, rather than an investment that is held onto since bitcoin still might be the best of assets 20 years from  now, so why would you want to sell your best investments, unless that is the ONLY thing that you have left.. .. and presumably people don't have 100% of their net worth ONLY in bitcoin, even 20 years from now.

Yes, if you are still young and have not touched your Bitcoin for 20 years, it is a very appropriate action and it can be said that after 20 years your age is approaching retirement or has retired. Therefore it is important for them to have savings or emergency funds for important needs in the continuity of your life journey and also for sudden needs while you are still working and the amount does not have to be large but in the long term the money will be large which can meet all important needs and also sudden needs.

It is indeed not easy, but if you are serious and consistent you can do it and you can also create a business such as opening a shop or grocery store or other business that can support your plans. Because Bitcoin will promise a very bright future for you if you really don't touch it until you retire, so you have to think and try with your intelligence to be able to meet all your needs or interests during your life journey so that you can still buy Bitcoin regularly and can also set aside your money to save for emergency funds.

Honestly I do this, I work and I also open a grocery store managed by my wife and until now I can still save and also buy Bitcoin periodically from my salary and business profits. And sometimes I also get extra money or what I get unexpectedly, call it fortune. So never be afraid as long as you want to try and also work hard with your intelligence you can definitely do it in any way because this is an opportunity that should not be wasted.

[JayJuanGee]

[edited out]

Yes, I also agree with your assumption. Because quite a lot of bitcoin traders cannot resist the temptation to take more than 10% of their bitcoins for trading. Maybe it could be said that it would still be better if the trader carried out his trades on the spot market. Because if someone trades bitcoin on the spot market, I don't think that person will lose as long as they are patient and wait. Because the price of bitcoin will definitely continue to rise again. However, if trade bitcoin futures, in my opinion this is what endangers bitcoin traders. Because in futures trading, even if you trade Bitcoin, the risk is still very big. Because when trading futures there is liquidity that you have to be aware of. So trading bitcoin in futures can still make us lose money. So I personally also really don't recommend trading bitcoin in futures. But if you trade bitcoin on the spot market, I don't think this is a big deal. So what do you think about my assumptions?

I hate to get into discussing a  bunch of financial instruments that can also be used to bet on bitcoin, since when I was speaking about the negatives of trading BTC, I was referring to trading spot bitcoin.  So even if you trade spot bitcoin, you are going to run  risks of being out of the market when you should be in the market, and  taking chances to get more bitcoin  by selling, when the more assured way to get more bitcoin is to merely continue buying until you have enough.

So I was not referring to financial instruments, which largely are attempts to leverage, and potentially to lose even more than 100%.  When you invest in bitcoin at spot the most you could lose is 100%, and perhaps on long chances that bitcoin goes to zero - especially if you are competent in securing and protecting your bitcoin.

Whenever you bring in additional leverage by margin trading, futures, options, then you potentially bring additional risks  and  costs, even though some  of the instruments can  be used to hedge your trading, if you go down the road of trading... yet with straight-forward bitcoin investing, you do not need to learn  about the various tradeoffs of the various instruments, and bitcoin is risky enough without the need to add additional risk - even though guys can spend time learning about those kinds of  instruments and  take whatever risks they like, even though to me (and perhaps many other longer term bitcoiners), it seems a bit stupid to be fucking around trying to trade bitcoin or to put various financial  instruments with bitcoin, since bitcoin is already amongst the best of investments, if not the best of investments already available, in which straight-forward stacking of sats has brought really great returns for a lot of folks, especially the longer that they have been in such as a  couple of cycles or more.

Part of the reason that I frequently describe  some kind of a limitation on  trading as being 10% the size  of your bitcoin investment is because it seems to me that guys  should spend a lot of time on bitcoin and getting their shit together with bitcoin, including making  sure that they have good grasps of their cashflow  management, and perhaps even  that they are able to get their bitcoin stash to a decent size (priority) before getting involved in shitcoins or trading or using various kinds of financial instruments to attempt to enhance their bitcoin stash.  Sure there are  going to be some folks who  are able to come to bitcoin with an already decent amount of capital and/or even decently high discretionary income,  so they may have more room to work with when it comes to playing around with trading, shitcoins and/or financial instruments.. and also we are all adults (even though there are a bunch of snot-nosed 14-year olds in here too.. hahahahahaha), so we can make choices about how much risk that we might want to take. 

Even if snot-nosed 14-year olds might have more difficulties assessing the risk, a decent number of them still would prefer not to lose money, and would prefer to make money, but they frequently will tend to have so  much desire to make the money quickly to be able to show off to their peers, that they will frequently fail to recognize/appreciate the amount of risk they are entering and that they would likely be way better off with a more prudent approach that  focuses on  largely building wealth..  and perhaps exercising some restraint with how much of their holdings they are going to trade with or engage with shitcoins and/or to employ financial instruments.  I surely am not against learning,  having  fun and experimenting, but there seems little reason to put large amounts of our holdings at risk in order to accomplish those objective, because if we are truly good at employing various risks, we can still build up our capital with smaller amounts of value while we are learning and perhaps after several years of practice of winning and losing, we might be able to show that we actually are good at it and that we are able to make a lot of profits even when starting from a relatively small amount  of  value... yet an overwhelming majority (perhaps in the 95%+ arena are not able to beat a straight-forward BTC accumulation strategy, even very smart people.

I also think that anyone attempting to limit their gambling/trading/shitcoining to less than 10% of  the size of their bitcoin, they need to be disciplined about that and not be cheating.  So each time they have income come in, then they can put 90% into bitcoin and 10% into their shitcoin/trading stash, and then they should keep the funds separate and not be moving funds back and forth.. and then just work with what they have in their trading fund, and if  they can build their trading  fund  faster than their bitcoin, then they are doing  quite well, and hopefully they are not going to be tempted to take out of their bitcoin fund just because they had been having a string of successes in their trading/shitcoining fund.

And regarding the timing of investing in bitcoin, everyone has different time periods and goals. So we really can't equate this. I only provide information about the ideal time to invest in Bitcoin according to my assumptions. Because as you said, the most important thing is that we don't pull the lever too quickly to sell bitcoin. And this is something that we must pay attention to and implement in the bitcoin investments that we carry out.

It seems to me that the best time to get started in bitcoin was yesterday, and the second best time to  get started in bitcoin is today. 

Once a guy gets started, then he just has to keep in buying through lump sum, DCA and/or buying  on dips in a persistent, consistent, ongoing, regular and perhaps even aggressive way until he gets to a point of having enough BTC or more than enough  BTC, an surely it can take a long time for any normies to be able to  get to a status of having enough BTC or more than enough BTC,  unless such normies are able to frontload their investment into bitcoin. Anyone frontloading their investment into bitcoin are likely going to be  able to get to a status of overaccumulation in a faster way, so then once anyone reaches a status of overaccumulation, then they have more options regarding how to manage their bitcoin... .yet they have to get to  such overaccumulation status first and not mis-assess when they got there, since some folks  are going to conclude that they have reached overaccumulation status  and they are wrong in their assessment of their own circumstances...but yeah, each person has to figure out these matters for themselves and in accordance with their own 9 individual factors.

What is the need of taking profits overtime? what will you be using the profits to do? those are the questions and projecting 20-30 years will depend on the age of the hodler and if they have also reach their target of accumulation. The only time i can consider to take profits from my investment is after i must have accumulated to my satisfaction and have made a lot of profits which i know that if a take the profits i will invest it on something productive but taking profits and still keep it in Fiats or some stablecoins will make no sense at all so before intending to take profits you should be able to have a concrete plan of what to do with the profits you have gotten from your investments.

Profit is taken either when it's needed or when the target is reached.
Other than that - surely, one should hodl more and stay happy doing so.

Talking about the bold words in your statement, honestly it's mostly traders that talks like this, you don't take profit from your holdings because you are in need, that's why source of income and an emergency funds are in place to sorts out your financial needs, your Bitcoin holdings is an asset you hold for a very long period of time in other to change your financial status for ever, not what you just hold and decide to withdraw because it's been needed to sort some financial needs, it's only traders and those that Normally sell their Bitcoin for minimal gains that thinks and speaks that way.

Yep..  a lot of people have gotten price exposure to bitcoin and even accumulated decent amounts of bitcoin, and then they end up selling too much of their bitcoin too soon... which can be quite problematic financially and/or psychologically.  Many of them either never get back to their previous BTC stack size or they end up having to spend way more money (than the amount that they cashed out) to get back to the stash size that they used to have.   

Think about someone who 8-10 years ago, might have had around 21 bitcoin for an average cost of $1k per BTC.. so they had invested around $21k into bitcoin with 21 BTC.  Not a bad place to be, right?  And let's say that in 2017, they sold 2/3 of their BTC stash around $5k since they had gotten 5x profits (their stash is then worth $105k.. so they end up with $70k (from selling 14 BTC) and they still have 7 BTC. Not bad, right?  But still not as good as if they had largely hung onto their BTC, and maybe they would have been able to buy back some of their BTC, and maybe not.  Maybe they invest some of their $70k?  Maybe they spend some of it? and  Maybe they save some of it to buy BTC back  cheaper?  Yet the BTC did not really end up getting cheaper. It went up to $19.6k and then came back down, but did not fall back below $5k for very long, so it is hard to hypothesize such person would have had been able to buy much if any of the sold amount cheaper.. even though, sure it is possible.. it is doubtful except in some kind of a fantasy retrospective framing of the matter about what "could have had happened."

I am not even opposed to taking some profits along the way, just be careful about shaving off large portions of your BTC stash.. also in this particular situation, I doubt that such person was even close to being at a point of having enough or more than enough BTC -  not based on 2017 BTC prices, but surely a stash of 21 BTC would have been looking pretty nice when the BTC price was at $19.6k-ish.. which would have had been $411.6k, and surely it makes it difficult to figure out how such person who had ONLY invested $21k and who had gotten up to 21 BTC would be able to resist selling too much too soon...unless he has some  kind of a system to keep accumulating BTC until he actually is in a position to calculate that he has more than enough.. rather than  that he just has a lot and wants to get some pleasures  from what he has, when he still had not reached a point of over-accumulation.

Surely, now in 2025, it may well be the case that the same guy would be able to  more reasonably assess that his  21 BTC would be at a status of over-accumulation (in the event that he would have had been able to hold most of them (or to continue to accumulate)) until now.

What is the need of taking profits overtime? what will you be using the profits to do? those are the questions and projecting 20-30 years will depend on the age of the hodler and if they have also reach their target of accumulation. The only time i can consider to take profits from my investment is after i must have accumulated to my satisfaction and have made a lot of profits which i know that if a take the profits i will invest it on something productive but taking profits and still keep it in Fiats or some stablecoins will make no sense at all so before intending to take profits you should be able to have a concrete plan of what to do with the profits you have gotten from your investments.

Profit is taken either when it's needed or when the target is reached.
Other than that - surely, one should hodl more and stay happy doing so.

Talking about the bold words in your statement, honestly it's mostly traders that talks like this, you don't take profit from your holdings because you are in need, that's why source of income and an emergency funds are in place to sorts out your financial needs, your Bitcoin holdings is an asset you hold for a very long period of time in other to change your financial status for ever, not what you just hold and decide to withdraw because it's been needed to sort some financial needs, it's only traders and those that Normally sell their Bitcoin for minimal gains that thinks and speaks that way.

Actually I don't see any problem for doing it especially if you are on need of immediate funds. I understand that we need to have build a emergency funds so that we can cover those emergency situation that we might encounter in future. But not everyone could set this up as fast as we think since there are people starting their journey pay attention first their Bitcoin accumulation and later on their emergency funds set up will come late.

What's important is the lesson they learn that emergency funds is really important on their journey, so that next time they would never heavily got affected if there's worse situation happened since they are more prepared for second time around.

People could start over again and they should do better decision next time to succeed and make sure that there's no other things would bother on their next accumulation phase.

You seem to be saying that if a person  fucks up and they do not have enough funds in their back up funds and emergency funds, then it is o.k. to take from their bitcoin, which  you  are correct, but why should any of us engage in such sloppy cashflow management that we ever get  ourselves into such a situation of fucking up.  Sure it is likely that a lot of us will make plenty of mistakes than others, and surely we should want our mistakes to be small enough that we do not end up having to dip into our bitcoin investment, yet sure at the  same time if we get ourselves into such a situation that we have to dip into our bitcoin, then we have no choice, and I would not proclaim that there is nothing wrong with that, but if we are either dipping into our BTC or even if we are having to dip into our emergency funds based on our own bad cashflow management, then surely we are fucking up in pretty strong ways, and surely something seems to be wrong with that.. even though each person is free to engage in as much recklessness and sloppiness as they like.  It seems problematic to proclaim that there is nothing wrong with people fucking  up, especially when they can put systems in place so that they are not likely to fuck up and if they do fuck up they are fucking up in minor ways rather than either cashing into their bitcoin or their emergency fund when there wasn't any actual emergency, except for the emergency that they created for themselves.

[Promocodeudo]

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.

Buddy you've made a very detailed point, I think some people should rethink to start seeing Bitcoin as a long-term investment instead of seeing it as a quick money making scheme, Bitcoin is an investment that requires patience not a kind of investment that we invest today and take profit tomorrow, I think the major reason why many investor fail in Bitcoin investment is having in mind that they can gamble in and out of the said investment and expect to get things easily, as an investor you have to channel your energy to acumulating Bitcoin consistently to hodl for a long-term instead of thinking that you can outsmart the market.
Bitcoin is a future asset as such every investor should treat it that way if such investors are ready for its future benefit, I don't even know why people still think that Bitcoin is quick money making stuff, if microstrategy will keep buying till now instead of selling i think this should even be a more good example to people that long-term remains the major approach for bitcoiners that see bitcoin as an investment.

The only way for us to get it right in Bitcoin investment is to position our mind to the future and keep acumulating as much as we can steadily and keeping holding for a very long period of time without being discouraged by any form of market uncertainty which is part of the said investment.the high time people start taking the aforementioned into consideration the better for us all.

[Sticky Bomb]

Actually I don't see any problem for doing it especially if you are on need of immediate funds. I understand that we need to have build a emergency funds so that we can cover those emergency situation that we might encounter in future. But not everyone could set this up as fast as we think since there are people starting their journey pay attention first their Bitcoin accumulation and later on their emergency funds set up will come late.

Let me explain this for you in a more life applicable example,
let's say a person is travelling with a speed boat to a very far distance and is stressing the fact that he/she needs to pay attention to securing a ticket for the ride and neglect demanding and taking along a life jacket for the journey with the mindset that he would ask the captain later on course of the journey to provide a life jacket for him, something he was supposed to wear from the onset of the journey. Now what if the captain doesn't have any spare live jacket on the boat and there is a complication on the journey they arrive? you see the person chances of survival is limited compared to those on life jackets because of neglecting a very important factor of his safety on the trip?

This is applicable when we start off our accumulation journey for a long-term without the plans to grow our emergency funds alongside our ongoing accumulation journey and leave it for a later time, the risk of real emergencies chocking us increases and without the backing of emergency funds, our investment is vulnerable, and we may run out of options and turn to devour our investments for survival, which is a very bad practice.

What's important is the lesson they learn that emergency funds is really important on their journey, so that next time they would never heavily got affected if there's worse situation happened since they are more prepared for second time around.

People could start over again and they should do better decision next time to succeed and make sure that there's no other things would bother on their next accumulation phase.

Starting all over again doesn't guarantee that they would do the right thing and there is no thing as probation in your accumulation journey where you just go to test the waters, then crash and get more prepared to engage again with more caution, although some people might tend to learn from their mistakes and get better in their accumulation journey, but there are mistakes that could just be avoided by doing the right thing early enough, so we do not necessarily set traps for ourselves by our negligence, hoping to recover and try again when we could be progressing more on our accumulation journey if we had been more precise with our patterns of engagement.

[sotelorene]

What is the need of taking profits overtime? what will you be using the profits to do? those are the questions and projecting 20-30 years will depend on the age of the hodler and if they have also reach their target of accumulation. The only time i can consider to take profits from my investment is after i must have accumulated to my satisfaction and have made a lot of profits which i know that if a take the profits i will invest it on something productive but taking profits and still keep it in Fiats or some stablecoins will make no sense at all so before intending to take profits you should be able to have a concrete plan of what to do with the profits you have gotten from your investments.

Profit is taken either when it's needed or when the target is reached.
Other than that - surely, one should hodl more and stay happy doing so.

Talking about the bold words in your statement, honestly it's mostly traders that talks like this, you don't take profit from your holdings because you are in need, that's why source of income and an emergency funds are in place to sorts out your financial needs, your Bitcoin holdings is an asset you hold for a very long period of time in other to change your financial status for ever, not what you just hold and decide to withdraw because it's been needed to sort some financial needs, it's only traders and those that Normally sell their Bitcoin for minimal gains that thinks and speaks that way.

You are actually right but the all bold statement is not totally wrong, the only place that is wrong is when the person said profit is either taken when it is needed, that is totally wrong we are not investing in Bitcoin to take profit when it is needed and whenever you take profit from your wallet because of challenge or whatever it because trading because investment is always for some duration of time which could be 4,5 or 6 years and even more. However, anyone who has this mindset that profit is either taken when needed will never go far in his or her investment because the person will be so much dependent on the investment and you are right when you said it can be taken when the set target is reached but it is not advisable to take all your profit just because you feel you have gotten to the peak, you can decide to take some cent and enjoy yourself and use some for something that will generate more money.

[JayJuanGee]

What is the need of taking profits overtime? what will you be using the profits to do? those are the questions and projecting 20-30 years will depend on the age of the hodler and if they have also reach their target of accumulation. The only time i can consider to take profits from my investment is after i must have accumulated to my satisfaction and have made a lot of profits which i know that if a take the profits i will invest it on something productive but taking profits and still keep it in Fiats or some stablecoins will make no sense at all so before intending to take profits you should be able to have a concrete plan of what to do with the profits you have gotten from your investments.

Profit is taken either when it's needed or when the target is reached.
Other than that - surely, one should hodl more and stay happy doing so.

Talking about the bold words in your statement, honestly it's mostly traders that talks like this, you don't take profit from your holdings because you are in need, that's why source of income and an emergency funds are in place to sorts out your financial needs, your Bitcoin holdings is an asset you hold for a very long period of time in other to change your financial status for ever, not what you just hold and decide to withdraw because it's been needed to sort some financial needs, it's only traders and those that Normally sell their Bitcoin for minimal gains that thinks and speaks that way.

You are actually right but the all bold statement is not totally wrong, the only place that is wrong is when the person said profit is either taken when it is needed, that is totally wrong we are not investing in Bitcoin to take profit when it is needed and whenever you take profit from your wallet because of challenge or whatever it because trading because investment is always for some duration of time which could be 4,5 or 6 years and even more. However, anyone who has this mindset that profit is either taken when needed will never go far in his or her investment because the person will be so much dependent on the investment and you are right when you said it can be taken when the set target is reached but it is not advisable to take all your profit just because you feel you have gotten to the peak, you can decide to take some cent and enjoy yourself and use some for something that will generate more money.

Many people, probably moreso with poor people, tend to be too anxious to take profits and to fail/refuse to let their investment into bitcoin ride.  Of course, people have to create and to maintain their systems and to figure out ways to balance their finances and their psychology so that they do not get sucked into a mistake of ending up cashing out too much too soon and perhaps cashing out (taking profits) for the wrong reasons (even though the reasons for cashing out some or all of their BTC might seem comfortable at the time that they end up making such choice, taking such action and cashing out too much too soon).   They might not even realize for several years how much they had ended up fucking up by cashing out too many cornz too soon.

[WhoYouCantKill]

What is the need of taking profits overtime? what will you be using the profits to do? those are the questions and projecting 20-30 years will depend on the age of the hodler and if they have also reach their target of accumulation. The only time i can consider to take profits from my investment is after i must have accumulated to my satisfaction and have made a lot of profits which i know that if a take the profits i will invest it on something productive but taking profits and still keep it in Fiats or some stablecoins will make no sense at all so before intending to take profits you should be able to have a concrete plan of what to do with the profits you have gotten from your investments.

Profit is taken either when it's needed or when the target is reached.
Other than that - surely, one should hodl more and stay happy doing so.

Talking about the bold words in your statement, honestly it's mostly traders that talks like this, you don't take profit from your holdings because you are in need, that's why source of income and an emergency funds are in place to sorts out your financial needs, your Bitcoin holdings is an asset you hold for a very long period of time in other to change your financial status for ever, not what you just hold and decide to withdraw because it's been needed to sort some financial needs, it's only traders and those that Normally sell their Bitcoin for minimal gains that thinks and speaks that way.

You are actually right but the all bold statement is not totally wrong, the only place that is wrong is when the person said profit is either taken when it is needed, that is totally wrong we are not investing in Bitcoin to take profit when it is needed and whenever you take profit from your wallet because of challenge or whatever it because trading because investment is always for some duration of time which could be 4,5 or 6 years and even more. However, anyone who has this mindset that profit is either taken when needed will never go far in his or her investment because the person will be so much dependent on the investment and you are right when you said it can be taken when the set target is reached but it is not advisable to take all your profit just because you feel you have gotten to the peak, you can decide to take some cent and enjoy yourself and use some for something that will generate more money.

Many people, probably moreso with poor people, tend to be too anxious to take profits and to fail/refuse to let their investment into bitcoin ride.  Of course, people have to create and to maintain their systems and to figure out ways to balance their finances and their psychology so that they do not get sucked into a mistake of ending up cashing out too much too soon and perhaps cashing out (taking profits) for the wrong reasons (even though the reasons for cashing out some or all of their BTC might seem comfortable at the time that they end up making such choice, taking such action and cashing out too much too soon).   They might not even realize for several years how much they had ended up fucking up by cashing out too many cornz too soon.

It’s true that most people, particularly those who are still struggling with their finances, at some point get pretty anxious about their investments and thereby would feel the need to cash out and take some profit from their investments. The idea could be that they may either lose everything if they don’t take their profits or maybe due the fact that they may have need for the money at that time.

But, just as you’ve rightly pointed out, cashing out pretty soon when it comes to Bitcoin investment is definitely a very bad choice, as it shows that the investor has absolutely no long term plans for their investment. Additionally, it could potentially lead to missing out on several significant long term benefits too. And even if they may think that it was the best idea to cash out at that point in time, they’ll probably look back to that decision years later, and they’ll definitely realize how big a mistake they made by selling or liquidating their holdings.

I believe there are investors who invested in Bitcoin way back in 2010 and decided to cash out the following year after making some profits, they cashed out thinking they’ve hit the jackpot, but if they had actually been patient enough to wait a few more years and maintained a long term approach, they would’ve made a lot more in the long run.

That’s the reason it’s extremely crucial for investors to develop a solid and strong long term strategy when investing in Bitcoin, and it doesn’t end there, they should also prioritize sticking to these plans, regardless of the challenges and temptations that hit them and may compel them to cashing out. It’s important to find a balance between being able to manage their finances and also managing their psychology too. Although this isn’t as easy as it sounds, but with the right approach and a good sense of discipline, it can be achieved.

[Stormisover]

What is the need of taking profits overtime? what will you be using the profits to do? those are the questions and projecting 20-30 years will depend on the age of the hodler and if they have also reach their target of accumulation. The only time i can consider to take profits from my investment is after i must have accumulated to my satisfaction and have made a lot of profits which i know that if a take the profits i will invest it on something productive but taking profits and still keep it in Fiats or some stablecoins will make no sense at all so before intending to take profits you should be able to have a concrete plan of what to do with the profits you have gotten from your investments.

Profit is taken either when it's needed or when the target is reached.
Other than that - surely, one should hodl more and stay happy doing so.

Talking about the bold words in your statement, honestly it's mostly traders that talks like this, you don't take profit from your holdings because you are in need, that's why source of income and an emergency funds are in place to sorts out your financial needs, your Bitcoin holdings is an asset you hold for a very long period of time in other to change your financial status for ever, not what you just hold and decide to withdraw because it's been needed to sort some financial needs, it's only traders and those that Normally sell their Bitcoin for minimal gains that thinks and speaks that way.

You are actually right but the all bold statement is not totally wrong, the only place that is wrong is when the person said profit is either taken when it is needed, that is totally wrong we are not investing in Bitcoin to take profit when it is needed and whenever you take profit from your wallet because of challenge or whatever it because trading because investment is always for some duration of time which could be 4,5 or 6 years and even more. However, anyone who has this mindset that profit is either taken when needed will never go far in his or her investment because the person will be so much dependent on the investment and you are right when you said it can be taken when the set target is reached but it is not advisable to take all your profit just because you feel you have gotten to the peak, you can decide to take some cent and enjoy yourself and use some for something that will generate more money.

Many people, probably moreso with poor people, tend to be too anxious to take profits and to fail/refuse to let their investment into bitcoin ride.  Of course, people have to create and to maintain their systems and to figure out ways to balance their finances and their psychology so that they do not get sucked into a mistake of ending up cashing out too much too soon and perhaps cashing out (taking profits) for the wrong reasons (even though the reasons for cashing out some or all of their BTC might seem comfortable at the time that they end up making such choice, taking such action and cashing out too much too soon).   They might not even realize for several years how much they had ended up fucking up by cashing out too many cornz too soon.

It’s true that most people, particularly those who are still struggling with their finances, at some point get pretty anxious about their investments and thereby would feel the need to cash out and take some profit from their investments. The idea could be that they may either lose everything if they don’t take their profits or maybe due the fact that they may have need for the money at that time.

But, just as you’ve rightly pointed out, cashing out pretty soon when it comes to Bitcoin investment is definitely a very bad choice, as it shows that the investor has absolutely no long term plans for their investment. Additionally, it could potentially lead to missing out on several significant long term benefits too. And even if they may think that it was the best idea to cash out at that point in time, they’ll probably look back to that decision years later, and they’ll definitely realize how big a mistake they made by selling or liquidating their holdings.

I believe there are investors who invested in Bitcoin way back in 2010 and decided to cash out the following year after making some profits, they cashed out thinking they’ve hit the jackpot, but if they had actually been patient enough to wait a few more years and maintained a long term approach, they would’ve made a lot more in the long run.

That’s the reason it’s extremely crucial for investors to develop a solid and strong long term strategy when investing in Bitcoin, and it doesn’t end there, they should also prioritize sticking to these plans, regardless of the challenges and temptations that hit them and may compel them to cashing out. It’s important to find a balance between being able to manage their finances and also managing their psychology too. Although this isn’t as easy as it sounds, but with the right approach and a good sense of discipline, it can be achieved.

The descriptions of the knowledge that is shared here has really compellede me to say that there is no other best community or place to learn about Bitcoin that can be more than Bitcointalk forum, I observed this while navigating the forum. with due deligent, and learning from the mistake of others a new investors can do more exploit in Bitcoin and I believe it has lots to do with taken good decision, decision will ehances discipline in all your dealings. There are several reasons why an investor will cashout too soon on seeing a profit which is very wrong.

1. Indecisiveness of truly understanding the potential Bitcoin holds.

2. Using money that is not meant to be used for investment.

[Mehmet69]

It’s true that most people, particularly those who are still struggling with their finances, at some point get pretty anxious about their investments and thereby would feel the need to cash out and take some profit from their investments. The idea could be that they may either lose everything if they don’t take their profits or maybe due the fact that they may have need for the money at that time.

But, just as you’ve rightly pointed out, cashing out pretty soon when it comes to Bitcoin investment is definitely a very bad choice, as it shows that the investor has absolutely no long term plans for their investment. Additionally, it could potentially lead to missing out on several significant long term benefits too. And even if they may think that it was the best idea to cash out at that point in time, they’ll probably look back to that decision years later, and they’ll definitely realize how big a mistake they made by selling or liquidating their holdings.

I believe there are investors who invested in Bitcoin way back in 2010 and decided to cash out the following year after making some profits, they cashed out thinking they’ve hit the jackpot, but if they had actually been patient enough to wait a few more years and maintained a long term approach, they would’ve made a lot more in the long run.

That’s the reason it’s extremely crucial for investors to develop a solid and strong long term strategy when investing in Bitcoin, and it doesn’t end there, they should also prioritize sticking to these plans, regardless of the challenges and temptations that hit them and may compel them to cashing out. It’s important to find a balance between being able to manage their finances and also managing their psychology too. Although this isn’t as easy as it sounds, but with the right approach and a good sense of discipline, it can be achieved.

Yes, of course, one should have a good understanding of the right method and discipline, otherwise one can never be a successful and long-term investor.

According to you, why should those who invested in 2010 withdraw cash next year?   Did they just need profit?
I think they lacked planning rather than profit. Bitcoin investors always plan to start long-term investments. And most make mistakes after investing. They start investing but forget the next step.  They feel that there will be no problem if they continue to invest with the current income. But they forget about the emergency fund. They forget the reserve fund. People forget that they are social animals. When living in a community, it is difficult to know what type of financial assistance is needed.   They forget everything and start investing for long term. As a result, they can build a nice portfolio in a short period of time. But when they need some financial help, they have nothing else to do.   So they are forced to break the investment. And it's been a tough time for investors.

So I believe, if you really want to be a long term investor, you need a discretionary income and with that discretionary income you need to keep investing and funding at the same time. Only then an investor should not tamper with his invested money unnecessarily.