Buy Buy Buy or Sell Sell Sell?

[Derekfunds]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

Yeah, that’s a super common situation in crypto — you buy a coin and boom, it dips right after. Or you sell it, and of course, it moons the next day. Been there, done that.

Trying to perfectly time the market is nearly impossible. That’s why a lot of people stick with DCA (dollar-cost averaging) — just buying bit by bit over time instead of trying to catch the bottom or the top.

Right now, the market’s all over the place. Some see it as a good time to accumulate, others are playing it safe and taking profits. Really depends on your goals and risk tolerance.

But one thing’s for sure — in a market like this, you’ve gotta stay strong and keep a cool head. Emotions can wreck your decisions real fast.

Stick to your strategy, don’t FOMO, and play the long game. 

You are making sense about your Bitcoin investment plan but it appears you are missing Bitcoin and some other coin that doesn't have potential like Bitcoin, Bitcoin is the mother and also the father of all the coins that is to say that all the coin depend on Bitcoin while Bitcoin depend on itself only and so going to invest in those coin that depends on Bitcoin is a wrong track that shouldn't be followed because it will lead to regret, frustration, depression etc. there is no coin one can not use the DCA method but how will one go and invest into a coin which value is zero point plenty zeros  i mean that is insane and it is purely trading. An investor doesn't have any business with timing the market as that will consume their time because the time one will use to time the market if been use for another thing can be more useful than that.

[OgNasty]

Interesting that Michael Saylor is telling people to sell their kidney to buy Bitcoin while at the same time is releasing statements saying that he may have to sell Bitcoin below their cost basis to fulfill financial obligations. It is a bit sad what Microstrategy has done to Bitcoin. Once Saylor stops pushing the price up he’s going to find out in a major way what the community really thinks of him.

[Sticky Bomb]

~

New people may fall prey to such a situation, it is not easy to be confident in Bitcoin investment, so according to what we will discuss in these topics, a new investor can gain confidence. We will not confuse new investors by discussing unnecessarily, we will never think about short-term investments because we can only achieve success through long-term investment. If you can invest with a small amount and follow the DCA method for a long time, then you can definitely achieve success from your place, it is not that Bitcoin investment will be successful only if you have more money, but it is possible to achieve success only by following the strategy and intelligence and DCA method.
 If you follow the DCA method regularly on a weekly basis, then you yourself can also achieve success, the difference is not in money, the difference is in adopting skills and strategies.

Yeah, consistency is key and everyone who follows up decisively and consistently has a very good potential to achieving success in bitcoin. However, the investor That has a higher discretionary income and isn't wimpy tends to accumulate more quantities of bitcoin within a limited time as compared to the investor with lower discretionary funds because he buys more quantity within the same timeframe and nears his accumulation target faster and possibly would reach a level of overaccumulation faster, so if he doesn't make silly mistakes by trading his coins or withdrawing profits in a way that is not sustainable in his investment, then he might as well record a higher degree of success compared to the guy that has lesser discretionary income.

[BitBakerr1]

Interesting that Michael Saylor is telling people to sell their kidney to buy Bitcoin while at the same time is releasing statements saying that he may have to sell Bitcoin below their cost basis to fulfill financial obligations. It is a bit sad what Microstrategy has done to Bitcoin. Once Saylor stops pushing the price up he’s going to find out in a major way what the community really thinks of him.

Michael Saylor is one of the people that has pushed Bitcoin up and has also motivated a lot of people to go into Bitcoin investment, when ever he purchases Bitcoin and post it on his social media account it gives newbies this believe that truly Bitcoin is a great asset and should be taken seriously, Michael Saylors has made a lot of impact to the growth of Bitcoin and that can't be forgotten in a hurry, I know some people who are very determine and dedicated to their Bitcoin investment right now because of Michael Saylor regular buying of Bitcoin, someone said no one will spend this much on asset that is not valuable this thought alone on people's mind is a great push for Bitcoin.
What ever Michael Saylor decides to do now is his choice and we will still not forget his impact on Bitcoin.

[Joy- maker]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

Yeah, that’s a super common situation in crypto — you buy a coin and boom, it dips right after. Or you sell it, and of course, it moons the next day. Been there, done that.

Trying to perfectly time the market is nearly impossible. That’s why a lot of people stick with DCA (dollar-cost averaging) — just buying bit by bit over time instead of trying to catch the bottom or the top.

Right now, the market’s all over the place. Some see it as a good time to accumulate, others are playing it safe and taking profits. Really depends on your goals and risk tolerance.

But one thing’s for sure — in a market like this, you’ve gotta stay strong and keep a cool head. Emotions can wreck your decisions real fast.

Stick to your strategy, don’t FOMO, and play the long game.  

Are you talking about bitcoin or some other shitcoin out there, you are being very vague using words like crypto and coin which can mislead people into thinking every coin out these is worth investing in, you can invest in a shitcoin using the DCA and the price will decline until it nothing, this is a Bitcoin forum and making comments that can lead people into thinking bitcoin is the same as other shitcoins and should be treated the same, there are not the same, compared to bitcoin every other coin are shitcoin, try being specific with your words so as to not mislead other who are still trying to get into bitcoin by making them consider bitcoin in the same light as other shitcoins.

I don't think if his  talking about bitcoin, maybe his talking about shitcoins at the same time confusing himself and misleading newbies, because I didn't see any sense in what his saying his not just on track.

[Sonia_123]

I think it's too early to buy when the markets are this bad and the same blood has spread to Bitcoin, I'm not sure we haven't seen the bottom yet.
I have some cash set aside for bad days like this, maybe I'll buy it gradually or wait to see the bottom.
Even in the current economic situation, I think Bitcoin has remained quite solid, isn't it clear from the current situation that it will get much better results in the future, if I can buy Bitcoin cheaper, I will automatically perceive it as a great thing.

Perhaps too much expectations cause guys like you to think that it's too early to enter the market while other guys say it's too late to enter the market.

Several opinions of the market yet we are not over with the bull market, if course the reason why guys think it's over is because you guys attached bitcoin value to the new US government hoping and/or over expecting the government to pump the market, yet it seems to me that such expectations shows that you don't know bitcoin yet but only perceives it as a pump and dump shit which it's obviously not.

If eventually the bull run is over which is probably not then buying at any given price is best rather than waiting for the perfect opportunity or price since bitcoin sometimes is very much unpredictable grabbing every moment is more like the gold in bitcoin market as what seems to be too early might end up being too late.

Additionally their is no too early, there is no too late - only a given opportunity hence depends on your capacity to accumulate.

Waiting only results to losing the opportunity, so better grab the corn and hold it.

That sounds more like there are times when Bitcoin can be predictable, if we consider Bitcoin to be volatile in nature then we can generally have it that Bitcoin is unpredictable and that makes it more precised and comprehendible even to a common man. However, I agree with you if based on the fact that Bitcoin is always unpredictable then every moment is a great opportunity to grab as much as possible provided the investment money is readily available and there is no too early or no too late because it all requires making an informed decision that satisfies one circumstances.

DCA is a free strategy that can be used at anytime by anybody to buy Bitcoin, since it is for everyone, irrespective of who you are and how much of Bitcoin you are ready to accumulate and hold it for as long as you want  to hold for a long-term , also dca at the dip can help you buy more Bitcoin to add to your portfolio and hold it for long, in that way , you will not feemñll. belittled or waiting for huge amount of funds to start with. DCA gives hope of investment to low or no coiner to be able to accumulate at anytime they want to.

[JayJuanGee]

[edited out]

I don't think a person will ever have accumulated enough bitcoin no matter how much they have, people just need to keeping accumulating and over time they can sell certain percentages depending on their investment timeframe as long as they don't sell everything, bitcoin is still growing and it still has more ATH to achieve along the way.

I think that you are failing/refusing to really think through the matter, if you think that a person might not be able to get to a point of accumulating enough or more than enough bitcoin.

I will give you an example of a person who might have had been in early 30s 9 years ago, and then maybe he had an income of around $30k per year. and so maybe when he first got into bitcoin, in 2016, he might have lump sum bought around $20k worth of bitcoin (let's say averaging around $500 per bitcoin.. So he bought 40 BTC.  

He then decided to invest 30% of his income into bitcoin, so he invested right around $10k per year into bitcoin at about $200 per week.  So over the last 9 years, he invested an additional $94k into bitcoin and he accumulated nearly an additional 24 bitcoin.

So right now he continues to have an income of about $35k per year, and sure maybe his income went up to $50k.. no problem.. and he is now in his early 40s and he has 64 bitcoin.  He would like to double or triple his income, and I think that he has enough bitcoin and/or he has more than enough bitcoin for his stated goals.

I personally calculate that with 64 bitcoin, he could sustainably withdraw right around $290k per year, and so he has way more than enough bitcoin for his own particular needs and his current lifestyle, even if we might consider that his current income is $50k and he would like to double or triple his current income by currently living off his bitcoin.  

Maybe you can proclaim that the guy does not have enough bitcoin, yet based on his already existing standard of living, he is able to increase his standard of living by 5x to 6x of his current standard of living based on the quantity of bitcoin that he has already accumulated over 9 years, which seems quite amazing to me, and if the guys chooses to not to completely max out his bitcoin withdrawal rate, it is likely that every year he can continue to increase his standard of living and without working and just by living within his means, his bitcoin is likely to continue to grow faster than the rate that he would be withdrawing from it, especially, if he might start out by merely withdrawing somewhere in the ball park of his current income (while quitting his job or perhaps he could choose to double or triple his income, which would still be way below the maximum withdrawal rate that he could accomplish in the event  that he wanted to start withdrawing more.

I think that a person who wants to live off of $80k per year from his bitcoin, he would currently need to have 17.56 bitcoin, and surely if he has more than that quantity of bitcoin, then he has more than enough, and if a guy only has around half of the 17.56 bitcoin (such as 9-ish bitcoin), then he could merely HODL for 3-ish years and reach a similar level of sufficiency in regards to his bitcoin stash being able to sustainably support a $80k per year income.

Let's say you have accumulated a lot of bitcoin and you are holding off on accumulating for a while, this would be the perfect time to start accumulating again to increase your stash and boost your holdings before the price goes back up again, and for a newbie, there is no time like the present, keep growing your portfolio and as long as you can afford it, lump buying would really favour a person right now, if you can't afford it, just stick to DCA and grow your bitcoin with your discretionary funds.

The building up of a bitcoin investment  to get to a point of being enough or more than enough likely takes time and it is not guaranteed to be successful, even though I think that you are correct to suggest that just ongoing investing into bitcoin is likely going to help to make progress in the direction of getting enough and/or more than enough bitcoin.

[philipma1957]

Interesting that Michael Saylor is telling people to sell their kidney to buy Bitcoin while at the same time is releasing statements saying that he may have to sell Bitcoin below their cost basis to fulfill financial obligations. It is a bit sad what Microstrategy has done to Bitcoin. Once Saylor stops pushing the price up he’s going to find out in a major way what the community really thinks of him.

Michael Saylor is one of the people that has pushed Bitcoin up and has also motivated a lot of people to go into Bitcoin investment, when ever he purchases Bitcoin and post it on his social media account it gives newbies this believe that truly Bitcoin is a great asset and should be taken seriously, Michael Saylors has made a lot of impact to the growth of Bitcoin and that can't be forgotten in a hurry, I know some people who are very determine and dedicated to their Bitcoin investment right now because of Michael Saylor regular buying of Bitcoin, someone said no one will spend this much on asset that is not valuable this thought alone on people's mind is a great push for Bitcoin.
What ever Michael Saylor decides to do now is his choice and we will still not forget his impact on Bitcoin.

It would be funny to see the worlds largest btc whale having to sell a lot of coins

[Cgrexp]

I think it's too early to buy when the markets are this bad and the same blood has spread to Bitcoin, I'm not sure we haven't seen the bottom yet.
I have some cash set aside for bad days like this, maybe I'll buy it gradually or wait to see the bottom.
Even in the current economic situation, I think Bitcoin has remained quite solid, isn't it clear from the current situation that it will get much better results in the future, if I can buy Bitcoin cheaper, I will automatically perceive it as a great thing.

What makes it too early to by bitcoin now?, and what do mean by the bottom, is there a fixed DIP price to be called the bottom? If the price of bitcoin is falling, it is a time to buy more bitcoins if you have reserved funds but you should not empty your reserve, what you will be doing is to buy at every DIP price that is if you have enough reserve funds in your discretionary income. So you buy at every DIP price continuously till the price begins to skyrocket again then you can just focus on your usual DCA. Already, the market corrections we are seeing now is advantageous to those who have been waiting for a DIP and those who have been waiting to buy more bitcoins when the price falls, so it may look like the decline in the price is affecting the market but somehow, it is a blessing in disguise and when you will know this is when you have acquired now and hold for a longer period of time when the price will skyrocket again are possibly get a new ATH.

I agree with you that buying Bitcoin at DIP price can be a good strategy. It is better not to completely empty the reserves that it has so that it can deal with any difficult situation in the future. The volatility of Bitcoin price is a challenge for investors. Investing in the DCA method helps to deal with market volatility. It is better to buy and hold when the price drops, but if the price drops further after buying, you need to be mentally prepared. If the price increases, it will be profitable, but Bitcoin is such a volatile market that it is difficult to say for sure when the price will increase or decrease, so you always need to have a long-term view and a strong attitude.

[ZeroVinsonN]

[edited out]

I don't think a person will ever have accumulated enough bitcoin no matter how much they have, people just need to keeping accumulating and over time they can sell certain percentages depending on their investment timeframe as long as they don't sell everything, bitcoin is still growing and it still has more ATH to achieve along the way.

I think that you are failing/refusing to really think through the matter, if you think that a person might not be able to get to a point of accumulating enough or more than enough bitcoin.

I will give you an example of a person who might have had been in early 30s 9 years ago, and then maybe he had an income of around $30k per year. and so maybe when he first got into bitcoin, in 2016, he might have lump sum bought around $20k worth of bitcoin (let's say averaging around $500 per bitcoin.. So he bought 40 BTC.  

He then decided to invest 30% of his income into bitcoin, so he invested right around $10k per year into bitcoin at about $200 per week.  So over the last 9 years, he invested an additional $94k into bitcoin and he accumulated nearly an additional 24 bitcoin.

So right now he continues to have an income of about $35k per year, and sure maybe his income went up to $50k.. no problem.. and he is now in his early 40s and he has 64 bitcoin.  He would like to double or triple his income, and I think that he has enough bitcoin and/or he has more than enough bitcoin for his stated goals.

I personally calculate that with 64 bitcoin, he could sustainably withdraw right around $290k per year, and so he has way more than enough bitcoin for his own particular needs and his current lifestyle, even if we might consider that his current income is $50k and he would like to double or triple his current income by currently living off his bitcoin.  

Maybe you can proclaim that the guy does not have enough bitcoin, yet based on his already existing standard of living, he is able to increase his standard of living by 5x to 6x of his current standard of living based on the quantity of bitcoin that he has already accumulated over 9 years, which seems quite amazing to me, and if the guys chooses to not to completely max out his bitcoin withdrawal rate, it is likely that every year he can continue to increase his standard of living and without working and just by living within his means, his bitcoin is likely to continue to grow faster than the rate that he would be withdrawing from it, especially, if he might start out by merely withdrawing somewhere in the ball park of his current income (while quitting his job or perhaps he could choose to double or triple his income, which would still be way below the maximum withdrawal rate that he could accomplish in the event  that he wanted to start withdrawing more.

I think that a person who wants to live off of $80k per year from his bitcoin, he would currently need to have 17.56 bitcoin, and surely if he has more than that quantity of bitcoin, then he has more than enough, and if a guy only has around half of the 17.56 bitcoin (such as 9-ish bitcoin), then he could merely HODL for 3-ish years and reach a similar level of sufficiency in regards to his bitcoin stash being able to sustainably support a $80k per year income.

Okay so basically, depending on the individual who is investing in bitcoin, sufficiency can be attaine, if he is currently earning around 35k-50k annually and this can also be how much he spends to meet his needs and wants, he could decide increase his spendings to 80k per year which would require about 17.56 BTC to achieve and he has 64 BTC which is obviously bigger than 17.56,so he could stop accumulating and still live off his bitcoin stash and his job (if he still chooses to keep his job) and still have enough to support his lifestyle.

Let's say you have accumulated a lot of bitcoin and you are holding off on accumulating for a while, this would be the perfect time to start accumulating again to increase your stash and boost your holdings before the price goes back up again, and for a newbie, there is no time like the present, keep growing your portfolio and as long as you can afford it, lump buying would really favour a person right now, if you can't afford it, just stick to DCA and grow your bitcoin with your discretionary funds.

The building up of a bitcoin investment  to get to a point of being enough or more than enough likely takes time and it is not guaranteed to be successful, even though I think that you are correct to suggest that just ongoing investing into bitcoin is likely going to help to make progress in the direction of getting enough and/or more than enough bitcoin.

I was just saying that even though has alot of bitcoin in stash, deciding to keep accumulating is more likely than not, though aggressiveness might be on the downside, the person could even decide to only buy during DIP and not on a weekly or monthly basis as when he probably started investing while also living off a set percentage annually depending on his choices.

[MainIbem]

I think it's too early to buy when the markets are this bad and the same blood has spread to Bitcoin, I'm not sure we haven't seen the bottom yet.
I have some cash set aside for bad days like this, maybe I'll buy it gradually or wait to see the bottom.
Even in the current economic situation, I think Bitcoin has remained quite solid, isn't it clear from the current situation that it will get much better results in the future, if I can buy Bitcoin cheaper, I will automatically perceive it as a great thing.

What makes it too early to by bitcoin now?, and what do mean by the bottom, is there a fixed DIP price to be called the bottom? If the price of bitcoin is falling, it is a time to buy more bitcoins if you have reserved funds but you should not empty your reserve, what you will be doing is to buy at every DIP price that is if you have enough reserve funds in your discretionary income. So you buy at every DIP price continuously till the price begins to skyrocket again then you can just focus on your usual DCA. Already, the market corrections we are seeing now is advantageous to those who have been waiting for a DIP and those who have been waiting to buy more bitcoins when the price falls, so it may look like the decline in the price is affecting the market but somehow, it is a blessing in disguise and when you will know this is when you have acquired now and hold for a longer period of time when the price will skyrocket again are possibly get a new ATH.

I agree with you that buying Bitcoin at DIP price can be a good strategy. It is better not to completely empty the reserves that it has so that it can deal with any difficult situation in the future. The volatility of Bitcoin price is a challenge for investors. Investing in the DCA method helps to deal with market volatility. It is better to buy and hold when the price drops, but if the price drops further after buying, you need to be mentally prepared. If the price increases, it will be profitable, but Bitcoin is such a volatile market that it is difficult to say for sure when the price will increase or decrease, so you always need to have a long-term view and a strong attitude.

I still don't get what he meant by buying the bottom, these are the set of people that would be preaching about waiting for the coin to go dipper before buying, why set aside funds and wait for the dip when he can actually do the DCA with it and still buy whenever a dips occurs, I don't know about what others may think, it's their choice anyways but I'll never support or say that people should wait for more dips before buying anything can happen and the market would be green again thus making you miss an opportunity of buying cheaper cause you're waiting for the dip, to avoid regrets it's better to start buying now since volatility makes it difficult to predict accurate outcome of the market at a given point in time, the current dip is a huge opportunity and people should use it wisely instead of waiting to buy more dips.

[BitBakerr1]

[edited out]

I don't think a person will ever have accumulated enough bitcoin no matter how much they have, people just need to keeping accumulating and over time they can sell certain percentages depending on their investment timeframe as long as they don't sell everything, bitcoin is still growing and it still has more ATH to achieve along the way.

I think that you are failing/refusing to really think through the matter, if you think that a person might not be able to get to a point of accumulating enough or more than enough bitcoin.

I will give you an example of a person who might have had been in early 30s 9 years ago, and then maybe he had an income of around $30k per year. and so maybe when he first got into bitcoin, in 2016, he might have lump sum bought around $20k worth of bitcoin (let's say averaging around $500 per bitcoin.. So he bought 40 BTC.  

He then decided to invest 30% of his income into bitcoin, so he invested right around $10k per year into bitcoin at about $200 per week.  So over the last 9 years, he invested an additional $94k into bitcoin and he accumulated nearly an additional 24 bitcoin.

So right now he continues to have an income of about $35k per year, and sure maybe his income went up to $50k.. no problem.. and he is now in his early 40s and he has 64 bitcoin.  He would like to double or triple his income, and I think that he has enough bitcoin and/or he has more than enough bitcoin for his stated goals.

I personally calculate that with 64 bitcoin, he could sustainably withdraw right around $290k per year, and so he has way more than enough bitcoin for his own particular needs and his current lifestyle, even if we might consider that his current income is $50k and he would like to double or triple his current income by currently living off his bitcoin.  

Maybe you can proclaim that the guy does not have enough bitcoin, yet based on his already existing standard of living, he is able to increase his standard of living by 5x to 6x of his current standard of living based on the quantity of bitcoin that he has already accumulated over 9 years, which seems quite amazing to me, and if the guys chooses to not to completely max out his bitcoin withdrawal rate, it is likely that every year he can continue to increase his standard of living and without working and just by living within his means, his bitcoin is likely to continue to grow faster than the rate that he would be withdrawing from it, especially, if he might start out by merely withdrawing somewhere in the ball park of his current income (while quitting his job or perhaps he could choose to double or triple his income, which would still be way below the maximum withdrawal rate that he could accomplish in the event  that he wanted to start withdrawing more.

I think that a person who wants to live off of $80k per year from his bitcoin, he would currently need to have 17.56 bitcoin, and surely if he has more than that quantity of bitcoin, then he has more than enough, and if a guy only has around half of the 17.56 bitcoin (such as 9-ish bitcoin), then he could merely HODL for 3-ish years and reach a similar level of sufficiency in regards to his bitcoin stash being able to sustainably support a $80k per year income.

From your explanation you are talking about reaching a fuck you stage and from what I have seen now and thought about after reading your writing it is actually possible for someone to accumulate enough Bitcoin I totally agree on that, those who have reached a fuck you stage can actually stop working and life by there already Accumulated Bitcoin and that's because they have accumulated enough Bitcoin that can take care of them however I will still advise that if someone has reached the stage and there's a great dip it will be better to add more to your already Accumulated Bitcoin because at that state of dip you can't sell so is better to buy however it won't be possible for those who has stopped working or retired for this set of people all they can do is to keep holding and sell when they wish to because is now there means of survival.

Let's say you have accumulated a lot of bitcoin and you are holding off on accumulating for a while, this would be the perfect time to start accumulating again to increase your stash and boost your holdings before the price goes back up again, and for a newbie, there is no time like the present, keep growing your portfolio and as long as you can afford it, lump buying would really favour a person right now, if you can't afford it, just stick to DCA and grow your bitcoin with your discretionary funds.

The building up of a bitcoin investment  to get to a point of being enough or more than enough likely takes time and it is not guaranteed to be successful, even though I think that you are correct to suggest that just ongoing investing into bitcoin is likely going to help to make progress in the direction of getting enough and/or more than enough bitcoin.

Yeah success in your Bitcoin investment is not 100 percent sure because Bitcoin is volatile in nature but if you become consistent and patient by holding for long term then your chances of becoming successful is actually bigger than you not succeeding, one of the things that makes your Bitcoin investment unstoppable even with the volatile nature of Bitcoin is holding for long term.

[betswift]

Interesting that Michael Saylor is telling people to sell their kidney to buy Bitcoin while at the same time is releasing statements saying that he may have to sell Bitcoin below their cost basis to fulfill financial obligations. It is a bit sad what Microstrategy has done to Bitcoin. Once Saylor stops pushing the price up he’s going to find out in a major way what the community really thinks of him.

Michael Saylor is one of the people that has pushed Bitcoin up and has also motivated a lot of people to go into Bitcoin investment, when ever he purchases Bitcoin and post it on his social media account it gives newbies this believe that truly Bitcoin is a great asset and should be taken seriously, Michael Saylors has made a lot of impact to the growth of Bitcoin and that can't be forgotten in a hurry, I know some people who are very determine and dedicated to their Bitcoin investment right now because of Michael Saylor regular buying of Bitcoin, someone said no one will spend this much on asset that is not valuable this thought alone on people's mind is a great push for Bitcoin.
What ever Michael Saylor decides to do now is his choice and we will still not forget his impact on Bitcoin.

It would be funny to see the worlds largest btc whale having to sell a lot of coins

He would still reaccumulate everything he would sell (if needed at all).
 

[iamsange]

...

I don't think if his  talking about bitcoin, maybe his talking about shitcoins at the same time confusing himself and misleading newbies, because I didn't see any sense in what his saying his not just on track.

If there are people who are starting to get lost like that, I think you can also straighten them out by giving them advice to go back to Bitcoin and forget about junk coins that don't have a strong foundation to increase and survive in the long term in the future. Now is the opportunity to see Bitcoin more often and buy it because in this discounted condition we should consider it as a profitable condition because we can buy Bitcoin at a low price. So for some people who are still lost, try to give them the best advice so that they want to go back to a better path like the Bitcoin path so that they can be saved from junk coins that have no guarantee of increasing in the future.

[Tungbulu]

[edited out]

I don't think a person will ever have accumulated enough bitcoin no matter how much they have, people just need to keeping accumulating and over time they can sell certain percentages depending on their investment timeframe as long as they don't sell everything, bitcoin is still growing and it still has more ATH to achieve along the way.

I think that you are failing/refusing to really think through the matter, if you think that a person might not be able to get to a point of accumulating enough or more than enough bitcoin.

I will give you an example of a person who might have had been in early 30s 9 years ago, and then maybe he had an income of around $30k per year. and so maybe when he first got into bitcoin, in 2016, he might have lump sum bought around $20k worth of bitcoin (let's say averaging around $500 per bitcoin.. So he bought 40 BTC.  

He then decided to invest 30% of his income into bitcoin, so he invested right around $10k per year into bitcoin at about $200 per week.  So over the last 9 years, he invested an additional $94k into bitcoin and he accumulated nearly an additional 24 bitcoin.

So right now he continues to have an income of about $35k per year, and sure maybe his income went up to $50k.. no problem.. and he is now in his early 40s and he has 64 bitcoin.  He would like to double or triple his income, and I think that he has enough bitcoin and/or he has more than enough bitcoin for his stated goals.

I personally calculate that with 64 bitcoin, he could sustainably withdraw right around $290k per year, and so he has way more than enough bitcoin for his own particular needs and his current lifestyle, even if we might consider that his current income is $50k and he would like to double or triple his current income by currently living off his bitcoin.  

Maybe you can proclaim that the guy does not have enough bitcoin, yet based on his already existing standard of living, he is able to increase his standard of living by 5x to 6x of his current standard of living based on the quantity of bitcoin that he has already accumulated over 9 years, which seems quite amazing to me, and if the guys chooses to not to completely max out his bitcoin withdrawal rate, it is likely that every year he can continue to increase his standard of living and without working and just by living within his means, his bitcoin is likely to continue to grow faster than the rate that he would be withdrawing from it, especially, if he might start out by merely withdrawing somewhere in the ball park of his current income (while quitting his job or perhaps he could choose to double or triple his income, which would still be way below the maximum withdrawal rate that he could accomplish in the event  that he wanted to start withdrawing more.

I think that a person who wants to live off of $80k per year from his bitcoin, he would currently need to have 17.56 bitcoin, and surely if he has more than that quantity of bitcoin, then he has more than enough, and if a guy only has around half of the 17.56 bitcoin (such as 9-ish bitcoin), then he could merely HODL for 3-ish years and reach a similar level of sufficiency in regards to his bitcoin stash being able to sustainably support a $80k per year income.

You’re completely right and I find your example of accumulating 64 Bitcoin over 9 years to be quite a great example of how consistency can can actually pay off when applied to investment. The calculations were great too and I’m glad you shared them for a much better insight, and there’s no doubt that you’ve really got a grasp on the numbers.

You’re totally right that one could actually have more than enough to significantly increase their standard of living with 64 bitcoins, I mean that’s a lot of bitcoins for one person. And the idea of sustainably withdrawing over $290k per year is also very mind boggling if you ask me.
I think it’s also pretty cool how you’re thinking about this in terms of increasing your standard of living. And your calculations about the rate of withdrawal as well as how much number of Bitcoin would be needed to support a particular income level is also very interesting. If someone is targeting to live off $80k per year, then they’d need to have accumulated around 17.56 Bitcoin.  And if eventually have less than that, let’s say 9-ish Bitcoin, then they’d still definitely need to accumulate and HODL some more for a few more years in order to reach a similar level of sufficiency.

I must confess that you and your strategies are proof that with consistency, patience and also a solid plan, investing in Bitcoin can actually pay off. Sometimes when I bump into your theories, I can’t but to wish I had knew and had access to these theories, strategies and knowledge several years back, I bet I would’ve been more than proud of my bitcoin investment today.

[Btcdeybodi]

Interesting that Michael Saylor is telling people to sell their kidney to buy Bitcoin while at the same time is releasing statements saying that he may have to sell Bitcoin below their cost basis to fulfill financial obligations. It is a bit sad what Microstrategy has done to Bitcoin. Once Saylor stops pushing the price up he’s going to find out in a major way what the community really thinks of him.

Michael Saylor is one of the people that has pushed Bitcoin up and has also motivated a lot of people to go into Bitcoin investment, when ever he purchases Bitcoin and post it on his social media account it gives newbies this believe that truly Bitcoin is a great asset and should be taken seriously, Michael Saylors has made a lot of impact to the growth of Bitcoin and that can't be forgotten in a hurry, I know some people who are very determine and dedicated to their Bitcoin investment right now because of Michael Saylor regular buying of Bitcoin, someone said no one will spend this much on asset that is not valuable this thought alone on people's mind is a great push for Bitcoin.
What ever Michael Saylor decides to do now is his choice and we will still not forget his impact on Bitcoin.

It would be funny to see the worlds largest btc whale having to sell a lot of coins

What would even make Michael Saylor to consider selling his Bitcoins? Still thinking... perhaps he's wealthy in Bitcoins and holds a large amount of Bitcoin in his portfolio. It will take a world leading major calamity for Michael Saylor to go bankrupt which will not happen anytime soon or even forever which means that he'll continue to grow in wealth in years to come so let us just remove the illusion that Michael Saylor will wake up one day and start selling all his Bitcoins, even though it's not my Bitcoin but I can confidently say that such a thing is not going to happen because from the way Saylor keeps buying Bitcoins, I think he should be the second Satoshi Nakamoto. Saying that Michael Saylor will sell his Bitcoins someday is like saying that Satoshi Nakamoto can equally wake up one day and do the same  

[Tungbulu]

Interesting that Michael Saylor is telling people to sell their kidney to buy Bitcoin while at the same time is releasing statements saying that he may have to sell Bitcoin below their cost basis to fulfill financial obligations. It is a bit sad what Microstrategy has done to Bitcoin. Once Saylor stops pushing the price up he’s going to find out in a major way what the community really thinks of him.

Lol, if you ask me, I’d say Saylor’s got some guts, I’ll really give him that. I mean, telling people to sell their kidney if they must and also to mortgage their houses to buy Bitcoin is kind of a pretty wild move. But yeah, it’s even more wild considering MSTR’s current financial situation. First, Struggling to keep up with their Bitcoin purchases and now they’re considering or should I say, potentially facing selling their Bitcoin below cost basis. That’s really not a good one, definitely not a vote of confidence in the company’s financial health.

It almost looks like what they’re doing is artificially boosting up the price and maybe when they stop, we’ll all see just how the community really feels about Mike Saylor and MSTR. If there’s one thing I know, it’s the fact that the crypto community can be really brutal, especially when they see you are/have been messing with them, and who knows, Saylor might just be on the way to getting a dose of reality. It’ll be kinda interesting to see what the community’s reaction would be like and how the whole thing would play out.

[arwin100]

Interesting that Michael Saylor is telling people to sell their kidney to buy Bitcoin while at the same time is releasing statements saying that he may have to sell Bitcoin below their cost basis to fulfill financial obligations. It is a bit sad what Microstrategy has done to Bitcoin. Once Saylor stops pushing the price up he’s going to find out in a major way what the community really thinks of him.

Michael Saylor is one of the people that has pushed Bitcoin up and has also motivated a lot of people to go into Bitcoin investment, when ever he purchases Bitcoin and post it on his social media account it gives newbies this believe that truly Bitcoin is a great asset and should be taken seriously, Michael Saylors has made a lot of impact to the growth of Bitcoin and that can't be forgotten in a hurry, I know some people who are very determine and dedicated to their Bitcoin investment right now because of Michael Saylor regular buying of Bitcoin, someone said no one will spend this much on asset that is not valuable this thought alone on people's mind is a great push for Bitcoin.
What ever Michael Saylor decides to do now is his choice and we will still not forget his impact on Bitcoin.

It would be funny to see the worlds largest btc whale having to sell a lot of coins

I think its usual thing since no company would hold their Bitcoin forever. But if you look at the post of Michael Saylor on X

1 BTC = 1 BTC

His post https://x.com/saylor/status/1909214598185500907

We can see that he's till positive despite of the dump happening. Also its just a paper loss there's no actual losing on their end unless they sold their Bitcoin. Provably the current situation hurt their portfolio but for sure they won't do any dumb move and waste their long time effort made by investing on Bitcoin.

Saylor and Microstrategy is for sure planning well their next action. So lets see more from them and its interesting to follow the future updates and sentiments release by Saylor.

[Derekfunds]

...

I don't think if his  talking about bitcoin, maybe his talking about shitcoins at the same time confusing himself and misleading newbies, because I didn't see any sense in what his saying his not just on track.

If there are people who are starting to get lost like that, I think you can also straighten them out by giving them advice to go back to Bitcoin and forget about junk coins that don't have a strong foundation to increase and survive in the long term in the future. Now is the opportunity to see Bitcoin more often and buy it because in this discounted condition we should consider it as a profitable condition because we can buy Bitcoin at a low price. So for some people who are still lost, try to give them the best advice so that they want to go back to a better path like the Bitcoin path so that they can be saved from junk coins that have no guarantee of increasing in the future.

Yea sometimes there are people that will be at the verge of going astray and at that moment what they need will just be a word or information that will counter what they have in mind and that kind of person once they get the information or when they received the word they will definitely turn from what they wanted to do but there are people who had made up there mind that no matter what people will say won't change or stop them from doing what they want to do and so this kind of person no matter what you say, you can not stop him or her from going into shitcoin that will later ruin them and one thing is for sure you can not force someone to do something but you can just give the option and tell them the reason they should not... And allow them to make decision.

[Promocodeudo]

Interesting that Michael Saylor is telling people to sell their kidney to buy Bitcoin while at the same time is releasing statements saying that he may have to sell Bitcoin below their cost basis to fulfill financial obligations. It is a bit sad what Microstrategy has done to Bitcoin. Once Saylor stops pushing the price up he’s going to find out in a major way what the community really thinks of him.

For me i will be considering his first statement because I understand that he literally mean that we should do everything possible to make sure that we keep investing in Bitcoin at all cost not necessarily selling our kidney, so the first advise is a good one because it is only descipline that can help an investor to thrive in Bitcoin investment, sometimes people will want to give up but what the future holds for bitcoiners has aways been a reminder not to give up, I think his second statement is just like teasing, there's no way he is going to sell soon even he will I don't see it happening sooner and even though he decide to do so, he may be doing that to manipulate the market to buy more than he has gotten already so am smart to that effect, this is a man that so much believe in Bitcoin, so he can't just wake up to sell, he's wealthy and can get anything he wants apart from buying breath which is supernatural and not possible for anyone to acquire, so if he consider selling a few Bitcoin of his tommorow, I will definitely see it as a deliberate act to indirectly stock up more Bitcoin in his portfolio unknowingly to some bitcoiners.