Buy Buy Buy or Sell Sell Sell?

[yixichloro2xx]

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Most folks who are merely investing DCA from their income, they might ONLY be able to invest 10% or less of their income, so if a person invests 10% of his income, it would take around 10 years for him to have had put a whole year of his salary into bitcoin.. and so frequently we have the investment being a product of both time and how much we put into it, so some guys get excited to cash out their profits, but if they have not put very much into bitcoin, then their profits would be less likely to be meaningful.  We have all kinds of examples through bitcoin's history where guys had been cashing out way too many bitcoin too soon because they got interested in short term profits, but then they ended up selling way too many bitcoin too soon and ultimately were not really managing their bitcoin holdings in a way that would really bring meaning to their fnances and their overall net worth.

Of course ,If you are  only putting 10% or less of your income into Bitcoin, you have gotta accept that it is a slow game. It is  like filling a jar with coins,  at first it feels like nothing is happening, then one day you realize it is  really actually getting pretty heavy. The problem is, a lot of people don’t wait for that heavy jar moment. They see a little green in their portfolio, get excited, and sell ,  then a few years later they are kicking themselves because those small gains could have been life changing if they just held on.

I still remember one guy on who told his sad or should i  say unfortunate story on Reddit, who sold his whole stack for a used Honda Civic back in 2016. At the time, it felt like a smart move because he bought a new car, feeling good. Fast forward to today, and those same coins could have bought him a house… maybe two. That is  the  beauty of  Bitcoin, u will need to have patience, look into the long term, because the short term wins can trick you into missing the big picture. If you want it to actually move the needle in your life, you have  to give it time to do its thing.

Yep.. it is a slow process to accumulate bitcoin, and it is not good to interrupt the process.

Regarding the Honda Civic in 2016, we can do an approximate estimate that if the guy bought a medium priced Honda Civic in 2016, he may well might have ended up spending around $20k...

So bitcoin in 2016 ranged from $350 to $900.  Let's say that he sold around $700... so then he needed to have right around 28.5 BTC in 2016 to generate $20k of cash.

Right now 28.5 BTC has a 200-WMA of $1.5 million and a spot price of $3.4 million.  Surely right now, any of us could do quite a bit with 28.5 BTC, whether we started to generate income off of it or we cashed out chunks of it.  The current sustainable income from 28.5 bitcoin would be $146k per year.

Generally lump sum cashing out for consumption (or even investing in something else that is usually going to be inferior) is not a good idea or a good way for a person to manage their BTC holdings.

This your analysis or point really shows how crazy the difference can be over time. Selling 28.5 BTC for a car back in 2016 might have felt smart at the time, but now, That same stack could have changed his whole life. It’s wild to think about. He traded something that could’ve made him a millionaire for a car that’s probably not even running anymore.

And to be also be honest with you, I  also did the same thing,  In my first year I sold a chunk of my Bitcoin, both the gains and some of my stash, and spent it on things that honestly didn’t even make much sense. At the time it felt good and it felt like the earth was just spinning around me alone, but looking back I wish I had known better. Once I really understood what long term holding means I was able to chill and stop making those quick decisions. It’s all about learning and growing right thou ......The hardest part is staying patient when the price goes up. People see green and want to take profits, but if you treat Bitcoin like long term savings it changes how you think.

[Sonia_123]

It's better that we don't use timeline as the main focus on our bitcoin accumulation journey because it will depreive us from accumulating as many bitcoin as possible overtime. Instead, you should have a bitcoin target which you will plan to accumulate so that you can focus on that quantity till you achieve it irrespective of the time duration that you will use to accumulate it. S that, you can know when you are entering an over accumulation phase.

Profits shouldn't be the main thinking when accumulating but reaching your bitcoin target should be your priority.

No, I think that it's more better to accumulate Bitcoin with a duration of time than setting a Bitcoin target, because if you set up a Bitcoin target, you are limiting yourself, you might stop accumulating if you get to that target very  early, but if you set a duration of time like 10 years or more, you are definitely going to accumulate more Bitcoin as long as you are consistent in your Bitcoin accumulation journey, because I know that their are times you might even invest aggressively or sometime buy during a dip, so accumulating according to timeframe is the best way to accumulate a bigger stash of bitcoin than setting a target that can be easily achieved.

You need to have a target to with with not necessarily time frame when your target is being met before the time frame, it gives you more room to accumulate more, target serves as a guideline to your investment which will help you to be on track regardless  of how much bitcoin price would be since it is a long-term investment, having a target makes you to be more discipline in your investment strategy and gives you the ability not to make some certain decision that can affect your investment, therefore having a target is very important in an investment you are making.

[laijsica]

[edited out]

Since you said that you don't have the large discretionary income to front load your bitcoin investment, and want to buy little by little with your discretionary income. Don't you think that once circel is too short for a new investor to accumulate bitcoin and at the same time set up your emergency funds and reserve funds as someone who just started his bitcoin investment.

It's better that we don't use timeline as the main focus on our bitcoin accumulation journey because it will depreive us from accumulating as many bitcoin as possible overtime. Instead, you should have a bitcoin target which you will plan to accumulate so that you can focus on that quantity till you achieve it irrespective of the time duration that you will use to accumulate it. S that, you can know when you are entering an over accumulation phase.

Profits shouldn't be the main thinking when accumulating but reaching your bitcoin target should be your priority.

We cannot really know when we are going to reach our overaccumualtion status, especially if we are measuring in both bitcoin and dollars (fiat),so we likely will have some targets in regards to how much value we expect to put into bitcoin in the next year, next 3 years, next 5 years, next 8 years, next 12 years etc.

The further out we go, the harder it is to be very specific in regards to where we might want to go, so we can mostly just be general and perhaps have some ideas that we are touching on our short-term goals, so we likely can reassess from time to time if our long term goals still make sense or whether we might need to tweak them based on where we are at during various points along the way.

It is a fact that we have to be very simple when we are going through a long term cycle. Exaggerated attitude can have a negative impact on our Bitcoin accumulation and the cycles are too long for us. You should understand that you have a discretionary fund flow and it will continue to be affected in a certain way then it should not be a problem for you. From this your short term goals will make you wiser and more experienced in analyzing the market. It is more important to have a long term goal by giving importance to accumulation Bitcoin with confidence. In the meantime it may be good to separate short term funds to increase our focus on investing in the hope of cash gains but its amount should be kept very limited such as 10%-20% of the main long term investment but it should not go beyond this because short term greed constantly creates risks for us. This method may motivate us to save Bitcoin in the long term while getting short term profits.

[JayJuanGee]

.

Most folks who are merely investing DCA from their income, they might ONLY be able to invest 10% or less of their income, so if a person invests 10% of his income, it would take around 10 years for him to have had put a whole year of his salary into bitcoin.. and so frequently we have the investment being a product of both time and how much we put into it, so some guys get excited to cash out their profits, but if they have not put very much into bitcoin, then their profits would be less likely to be meaningful.  We have all kinds of examples through bitcoin's history where guys had been cashing out way too many bitcoin too soon because they got interested in short term profits, but then they ended up selling way too many bitcoin too soon and ultimately were not really managing their bitcoin holdings in a way that would really bring meaning to their fnances and their overall net worth.

Of course ,If you are  only putting 10% or less of your income into Bitcoin, you have gotta accept that it is a slow game. It is  like filling a jar with coins,  at first it feels like nothing is happening, then one day you realize it is  really actually getting pretty heavy. The problem is, a lot of people don’t wait for that heavy jar moment. They see a little green in their portfolio, get excited, and sell ,  then a few years later they are kicking themselves because those small gains could have been life changing if they just held on.

I still remember one guy on who told his sad or should i  say unfortunate story on Reddit, who sold his whole stack for a used Honda Civic back in 2016. At the time, it felt like a smart move because he bought a new car, feeling good. Fast forward to today, and those same coins could have bought him a house… maybe two. That is  the  beauty of  Bitcoin, u will need to have patience, look into the long term, because the short term wins can trick you into missing the big picture. If you want it to actually move the needle in your life, you have  to give it time to do its thing.

Yep.. it is a slow process to accumulate bitcoin, and it is not good to interrupt the process.
Regarding the Honda Civic in 2016, we can do an approximate estimate that if the guy bought a medium priced Honda Civic in 2016, he may well might have ended up spending around $20k...

So bitcoin in 2016 ranged from $350 to $900.  Let's say that he sold around $700... so then he needed to have right around 28.5 BTC in 2016 to generate $20k of cash.
Right now 28.5 BTC has a 200-WMA of $1.5 million and a spot price of $3.4 million.  Surely right now, any of us could do quite a bit with 28.5 BTC, whether we started to generate income off of it or we cashed out chunks of it.  The current sustainable income from 28.5 bitcoin would be $146k per year.

Generally lump sum cashing out for consumption (or even investing in something else that is usually going to be inferior) is not a good idea or a good way for a person to manage their BTC holdings.

This your analysis or point really shows how crazy the difference can be over time. Selling 28.5 BTC for a car back in 2016 might have felt smart at the time, but now, That same stack could have changed his whole life. It’s wild to think about. He traded something that could’ve made him a millionaire for a car that’s probably not even running anymore.

And to be also be honest with you, I  also did the same thing,  In my first year I sold a chunk of my Bitcoin, both the gains and some of my stash, and spent it on things that honestly didn’t even make much sense. At the time it felt good and it felt like the earth was just spinning around me alone, but looking back I wish I had known better. Once I really understood what long term holding means I was able to chill and stop making those quick decisions. It’s all about learning and growing right thou ......The hardest part is staying patient when the price goes up. People see green and want to take profits, but if you treat Bitcoin like long term savings it changes how you think.

Yep.  I am not really sure how any of us can make sure that we have the right mindset because it can become quite tempting to sell and to take some profits, and the guy may have had sold the 28.5 bitcoin with around 2x profits.. so he was selling out of profits since maybe he bought the coins at $350 or less... then at the same time, he just took for granted the significance of his having had accumulated that many coins...

And currently we have guys who may have had bought a lot of coins in the $17k to $35k prices through 2022 and 2023, so they might not even realize how valuable it is merely to have had accumulated so many bitcoin at those prices, and so some of them were selling their bitcoin at around $100k, so they ended up getting 3x and 4x profits, but then they are never going to be able to accumulate the quantity of bitcoin that they were able to accumulate in 2022 and 2023 for the amount of dollars that they put into their investment.

We have seen that so many times in bitcoin, and guys are not able to come even close to buying back the quantity of coins that they ended up selling, and they don't realize how difficult it will be to get that quantity of coins in the future.

It is hard to see while we are in the midst of the price, and even our current prices could well end up being really good when it comes to a few years down the road, and even 5-10 years down the road, and right now  we can accumulate as much bitcoin that we want at the current $117k-ish prices.

[Silikiem]

do you know the reason why most people losing investment of Bitcoin, the lose because they don't observe the market before the buy their Bitcoin to keep

I find your statement here quite contradictory and misleading because for an investor whose initial strategy is focused on the long term goal of continuous, consistently or persistently accumulation of bitcoin using a discretionary income to accumulate and hodl, I don’t think is really necessary or a right investment mindset to be observing the market (price) before he or she will accumulate especially when the accumulation method is with the DCA method of accumulating and investing. We all agree that the best time to accumulate bitcoin is when we have a discretionary income to buy with and not to wait and observe the market price to drop before accumulating even if we have our discretionary income ready, you still expect the person to wait and observe the market to drop before accumulating gradually and hodl for the long term goal, and gradually build up his bitcoin portfolio. For me, timing the market as an investor is not a good investment strategy because there’s no time designated as the best time to accumulate bitcoin, rather the best time to accumulate and hodl is when we are able to figure out a discretionary income to invest with.

tomorrow the market will crash, so many persons have noticed such so I believe that crypto market is something that I have to do with the understanding

From my  observations, I think you’re a trader who’s in for a quick profit making and that’s why you’re so worried and passionate about the market. Tell me, if you’re not a trader who’s in for a sharp profit, why will you be panicking about the market crashing tomorrow. As a long term bitcoin investor, whose strategy is focused on the long term goal of accumulating and hodl I don’t think you should be worried about the market fluctuations of bitcoin, I believe by now you should know that bitcoin is volatile meaning that the market price can change anytime, bitcoin price will continue to increase even though it goes down today or tomorrow, as far as you’re investing for the long term goal, then no need to be under pressure, your focus should be to accumulate more and stack up more bitcoin to gradually improve your portfolio.
Your use of the term crypto market when referring to bitcoin doesn’t suit the narrative of bitcoin, if you’re talking bitcoin then it should be bitcoin alone and not using crypto market which could be referred to as other shitcoins out there capable of scamming people.

[Makus]

This your analysis or point really shows how crazy the difference can be over time. Selling 28.5 BTC for a car back in 2016 might have felt smart at the time, but now, That same stack could have changed his whole life. It’s wild to think about. He traded something that could’ve made him a millionaire for a car that’s probably not even running anymore.

And to be also be honest with you, I  also did the same thing,  In my first year I sold a chunk of my Bitcoin, both the gains and some of my stash, and spent it on things that honestly didn’t even make much sense. At the time it felt good and it felt like the earth was just spinning around me alone, but looking back I wish I had known better. Once I really understood what long term holding means I was able to chill and stop making those quick decisions. It’s all about learning and growing right thou ......The hardest part is staying patient when the price goes up. People see green and want to take profits, but if you treat Bitcoin like long term savings it changes how you think.

Yep.  I am not really sure how any of us can make sure that we have the right mindset because it can become quite tempting to sell and to take some profits, and the guy may have had sold the 28.5 bitcoin with around 2x profits.. so he was selling out of profits since maybe he bought the coins at $350 or less... then at the same time, he just took for granted the significance of his having had accumulated that many coins...

And currently we have guys who may have had bought a lot of coins in the $17k to $35k prices through 2022 and 2023, so they might not even realize how valuable it is merely to have had accumulated so many bitcoin at those prices, and so some of them were selling their bitcoin at around $100k, so they ended up getting 3x and 4x profits, but then they are never going to be able to accumulate the quantity of bitcoin that they were able to accumulate in 2022 and 2023 for the amount of dollars that they put into their investment.

We have seen that so many times in bitcoin, and guys are not able to come even close to buying back the quantity of coins that they ended up selling, and they don't realize how difficult it will be to get that quantity of coins in the future.

It is hard to see while we are in the midst of the price, and even our current prices could well end up being really good when it comes to a few years down the road, and even 5-10 years down the road, and right now  we can accumulate as much bitcoin that we want at the current $117k-ish prices.

I've read comments like this consecutively. It seems the market dips and fluctuations isn't the only problem after all. After a beautiful long term holding plan some may feel fulfilled and go ahead to selling off their entire bitcoin stash with one order probably because they got a 2x or more. Which is why staying around those with the right mindset can also influence your decision to suit you the best way it can. If only they had stumbled upon your [ANN] JJG Sustainable Bitcoin Withdrawal Strategy may they would have understood how to make withdrawal following the 200WMA  and the calculations for the amount to be withdrawn each month using a fair conservative rate. With a 6% conservative rate it would take 16 years for one to fully withdraw all the bitcoin in his stash. However this gives us a leveraged ability to also make extra profits if bitcoin continues soaring for this 4 cycle without regretting our decision of selling off some bitcoin unlike those who happen to sell everything or more than half the size of their bitcoin portfolio.

[blackberrman]

The only traders who are mainly concerned about the price of Bitcoin, they will collect Bitcoin in the long term and hold it for a long time, they are the only good investors. Because you collect Bitcoin for the future few years, at least 10 years if you can hold Bitcoin then it is definitely possible to get your maximum benefit in 2035. For example, if you buy Bitcoin for 5000 dollars at present and hold it for 10 years then you will definitely get 10x benefit here.
Because from today if you look at the past then you will definitely get the proof of the present time, because the more you move towards the future, the more Bitcoin is gaining popularity and Bitcoin is absolutely the top of investors.

We can never predict the future by looking at the past results. Bitcoin is very volatile. It is never possible to say when what will happen in the Bitcoin market. So we can never predict the future by the past results.

We can never guarantee that we will get 10 times profit after 10 years or after 20 years. Because we can never predict the future. It is not possible to say when the market will rise and fall. But we are optimistic that the price of Bitcoin will increase a lot in the future.

As time goes by, more and more people are learning about Bitcoin and expressing their desire to invest in Bitcoin. Because everything about the Bitcoin network is very good. Which is why everyone is investing in Bitcoin. We can expect that the price of Bitcoin will increase a lot in the future.

Determining the price of Bitcoin is a challenge, but as Bitcoin's popularity is increasing day by day, its demand has also increased many times over the past, and it continues to do so today. Bitcoin may increase its value in the future beyond our expectations, but we cannot guarantee it or deny it because it is likely to go up, because Bitcoin's limited supply. When Bitcoin's journey began in the past, many people may not have known about it, but at present, people in almost all regions are familiar with Bitcoin. The future of Bitcoin is bright,

[Agbamoni]

First of all as an investor you ought to be focused and concentrate on your thing instead of looking at what others are doing but if you must look at what others are doing or saying even if they are not..., don't be drive by those things rather learn to be contented with what you have ( your capacity), if there is something great or interesting they are doing and you feel it can help you if you apply it your investment and you have what is required to carry out this then you can go ahead there is nothing wrong in doing this but don't allow other people's success or things to control you, be confident in yourself and know you must not be like others.

To be more specific, "all hands are not equal". Meaning we all at different financial level, so we shouldn't look at other investors and do whatever they do. Most of them can choose to risk an amount knowing full well they have suitable businesses and back up funds elsewhere to fill in the gap. It will be like they never lost anything. While there are some investors that will be affected drastically. At least I have come to realize that working at your pace and accumulating consistently is all that matters. You can keep investing while growing your income, it doesn't stops that.

[Lidger]

Always security conscious of the investment, don't disclose your investment with people.

Well, on one side, it is good that we do not tell everyone what we have invested in bitcoins and crypto, but actually, it is the intention of telling others and how others interpret it.

There's more risk in exposing what we do and how we try to hold together with the strategy used, because some may take us by those information and target on us, another thing to also consider on this regard is the way we often see others post about what they don't have, while we think of their strategies being productive together with what they are holding, while on the real sense, they aren't investing on anything, some of us would have been more better than them, that is why it's more safe that we develop our personal business ethics and invest, hold and also keep mute about the capacity we have in bitcoin investment.

First of all as an investor you ought to be focused and concentrate on your thing instead of looking at what others are doing but if you must look at what others are doing or saying even if they are not..., don't be drive by those things rather learn to be contented with what you have ( your capacity), if there is something great or interesting they are doing and you feel it can help you if you apply it your investment and you have what is required to carry out this then you can go ahead there is nothing wrong in doing this but don't allow other people's success or things to control you, be confident in yourself and know you must not be like others.

New investors usually make this kind of mistake, that is, many people decide to invest after seeing that other investors have invested successfully, but before investing, they need to know about their investment or have an idea about the coin in which they will invest, but the new investor does not have an idea about these things, as a result of which he starts investing without any idea and when he does not get the desired results in a short time, he becomes disappointed. In fact, investment is not as easy as we think, just as before investing, the investor has to plan separately about the investment, so the investor also has to think about whether he will be able to invest consistently.
After starting to invest consistently, the investor has to have that amount of patience that an investor can hold his investment for a long time. An investor who can do these things perfectly can achieve success from investment.

[Solokan]

Most folks who are merely investing DCA from their income, they might ONLY be able to invest 10% or less of their income, so if a person invests 10% of his income, it would take around 10 years for him to have had put a whole year of his salary into bitcoin..

Indeed it would take over 10years and though 10% could mean a decent amount, especially when you have other investments in different fields you are taking up alongside Bitcoin investment.
However, there are always rooms to do more as, DCA doesn’t limit you to any specifics in amounts you can invest, it could be more or less, through regular or irregular periods but, you’ll just be sure to be investing when opportune.

Yes, the important thing is to invest in BTC and buy it using DCA. Of course, any amount of money we spend on BTC is a wise decision. Having the will to invest in BTC is certainly an improvement over not investing at all.

However, everyone has different desires. Some want to buy BTC with more than 10% of their income, while others want less than 10%. But the point is, buying BTC and using the DCA method is definitely a good choice as long as we use discretionary income to buy BTC. Of course, the necessary knowledge remains. And also, if it's stored for the long term, it's definitely a good choice. And in my opinion, any time to buy BTC is the right time as long as we buy BTC for the long term. Investing in BTC is certainly easy because the most important thing is knowing the knowledge.

[ultrloa]

First of all as an investor you ought to be focused and concentrate on your thing instead of looking at what others are doing but if you must look at what others are doing or saying even if they are not..., don't be drive by those things rather learn to be contented with what you have ( your capacity), if there is something great or interesting they are doing and you feel it can help you if you apply it your investment and you have what is required to carry out this then you can go ahead there is nothing wrong in doing this but don't allow other people's success or things to control you, be confident in yourself and know you must not be like others.

To be more specific, "all hands are not equal". Meaning we all at different financial level, so we shouldn't look at other investors and do whatever they do. Most of them can choose to risk an amount knowing full well they have suitable businesses and back up funds elsewhere to fill in the gap. It will be like they never lost anything. While there are some investors that will be affected drastically. At least I have come to realize that working at your pace and accumulating consistently is all that matters. You can keep investing while growing your income, it doesn't stops that.

Not equal for the fact that not everyone of us here have equal capabilities to buy Bitcoin. What we have here is we share same goal is to HODL bitcoin, the question here is the consistency of each investor since not everyone has long experience to deal with Bitcoin.

Anything with that either they use small or big funds much better if they set as a goal to accumulate consistently and don't care about much on other things that can possibly bothers them.

If they have questions and mind which they need an answer. Better if they participate on the community that discuss about this matter since for sure that they would learn lots of things which could help a lot on their long term hodl investment with Bitcoin.

[Tonimez]

First of all as an investor you ought to be focused and concentrate on your thing instead of looking at what others are doing but if you must look at what others are doing or saying even if they are not..., don't be drive by those things rather learn to be contented with what you have ( your capacity), if there is something great or interesting they are doing and you feel it can help you if you apply it your investment and you have what is required to carry out this then you can go ahead there is nothing wrong in doing this but don't allow other people's success or things to control you, be confident in yourself and know you must not be like others.

To be more specific, "all hands are not equal". Meaning we all at different financial level, so we shouldn't look at other investors and do whatever they do. Most of them can choose to risk an amount knowing full well they have suitable businesses and back up funds elsewhere to fill in the gap. It will be like they never lost anything. While there are some investors that will be affected drastically. At least I have come to realize that working at your pace and accumulating consistently is all that matters. You can keep investing while growing your income, it doesn't stops that.

You're right with the saying that all hands are not equal but I doubt your following descriptions. Bitcoin investment is more personal and should be done within everyone's financial capacity. This is because if you must invest and hold successfully, you must not overdo it. Any fractions of bitcoin you acquire beyond your capacity can ruin your entire bitcoin stash and this is why we need to be careful about how much and how often we invest. A good investor analyses his income, takes care of all his basic responsibilities which could affect his ability to succeed. When you have a good Cashflow management, then you would understand that it's not all about investing, it's more about HODLing for a minimum of 4 to 10 years in order to be more certain about possible gains.

About investing what you can risk, the context of your description makes it appear like you are referring to bitcoin gamblers. This thread is for buying to HODL and advocating for a more financially friendly investment is to help you to successfully hodl your bitcoin stash for a long time without panic selling or selling at loss due to unforeseen circumstances. It shouldn't be misleading, bitcoin is an asset that is worth investing into with consciousness to ensure it's holding success.

[Hewlet]

First of all as an investor you ought to be focused and concentrate on your thing instead of looking at what others are doing but if you must look at what others are doing or saying even if they are not..., don't be drive by those things rather learn to be contented with what you have ( your capacity), if there is something great or interesting they are doing and you feel it can help you if you apply it your investment and you have what is required to carry out this then you can go ahead there is nothing wrong in doing this but don't allow other people's success or things to control you, be confident in yourself and know you must not be like others.

To be more specific, "all hands are not equal". Meaning we all at different financial level, so we shouldn't look at other investors and do whatever they do. Most of them can choose to risk an amount knowing full well they have suitable businesses and back up funds elsewhere to fill in the gap. It will be like they never lost anything. While there are some investors that will be affected drastically. At least I have come to realize that working at your pace and accumulating consistently is all that matters. You can keep investing while growing your income, it doesn't stops that.

except by looking at what other investors are doing, you are affected negatively, there is a level of advantage that comes with looking at other investors investment approach. it stands keep you on your toes and get you fully involved and even pushes you above trying to aim for anything too small as what you will likely term to be your investment goal.

there is a  ballance between an investor that can afford to risk much just because he has much and an investor that can choose to risk mucjh even though he doesnt have as much as the wealthy investor. the ballance is in waiting. if as a retail investor that does not have too much you still buy and wait, there is no point where we will talk about losses because you only loose when you sell below the point you bought you bitcoin and that can only happen when you are short term investor that is not patient enough to invest for the long term. even though it is true that one should invest based on his financial capacity, pushing yourself above the minor limit also stands help you reach your accumilation point fast enough.

[Merit.s]

In fact, investment is not as easy as we think, just as before investing, the investor has to plan separately about the investment, so the investor also has to think about whether he will be able to invest consistently.

It's not compulsory for a new investor to start his bitcoin journey with consistency on carrying out his DCA because it's not everyone that has a stable discretionary income. Provided the new investor has a discretionary income that can enable him buy bitcoin and hodli without being consistent, it'd fine. The most importnat thing is that he is no longer a no coiner.

Some people income is very small that they hardly get a steady discretionary income from it, but they can invest into bitcoin whenever they can with the little discretionary income they can afford, either they got it by saving little by litle or from a bonus at work of a gift from a friend. They can buy bitcoin and when they start learning and understanding the potential of bitcoin that it increases in value exponentially. They can be motivated to improve their income by looking for a second means of income and when that is achieved, it will boost their discretionary income and they can be consistent with their DCA for 4-10 years and above.

About investing what you can risk, the context of your description makes it appear like you are referring to bitcoin gamblers.

Investing with the amount that you can afford to lose simply means that you should only invest with part of your discretionary income and don't put all your hope in bitcoin to be a life changer for you in the future and invest with all your life savings so that, if bitcoin price goes against you in the future, you will not regret for the rest of your life in poverty. Also it will make you set up other stream of income so that you don't put all your dependence on your bitcoin investment as the only thing to survive with in future. The future is fill with uncertainties.

[EL MOHA]

Yep.  I am not really sure how any of us can make sure that we have the right mindset because it can become quite tempting to sell and to take some profits, and the guy may have had sold the 28.5 bitcoin with around 2x profits.. so he was selling out of profits since maybe he bought the coins at $350 or less... then at the same time, he just took for granted the significance of his having had accumulated that many coins...

And currently we have guys who may have had bought a lot of coins in the $17k to $35k prices through 2022 and 2023, so they might not even realize how valuable it is merely to have had accumulated so many bitcoin at those prices, and so some of them were selling their bitcoin at around $100k, so they ended up getting 3x and 4x profits, but then they are never going to be able to accumulate the quantity of bitcoin that they were able to accumulate in 2022 and 2023 for the amount of dollars that they put into their investment.

We have seen that so many times in bitcoin, and guys are not able to come even close to buying back the quantity of coins that they ended up selling, and they don't realize how difficult it will be to get that quantity of coins in the future.

It is hard to see while we are in the midst of the price, and even our current prices could well end up being really good when it comes to a few years down the road, and even 5-10 years down the road, and right now  we can accumulate as much bitcoin that we want at the current $117k-ish prices.

To jump into this discussion this is the exact reason why I think we need to actually time our taking of profit so well, I have recently been in argument multiple times that one shouldn’t be taking profit simply because they want to buy back because there is a tendency that bitcoin might not even re visit that price again. For example even if it is not realistic now bitcoin might get Above $200k this year and probably not visit this $117k again even if the dip comes that means people who sold just to buy Back might be getting lesser quantity with the price.

As for taking of profit, I think everyone will definitely have a sign of little regrets after taking profit because bitcoin will definitely continue to move up so the decision to take profit should be for something worth while not unnecessary spending

[yixichloro2xx]

.

Most folks who are merely investing DCA from their income, they might ONLY be able to invest 10% or less of their income, so if a person invests 10% of his income, it would take around 10 years for him to have had put a whole year of his salary into bitcoin.. and so frequently we have the investment being a product of both time and how much we put into it, so some guys get excited to cash out their profits, but if they have not put very much into bitcoin, then their profits would be less likely to be meaningful.  We have all kinds of examples through bitcoin's history where guys had been cashing out way too many bitcoin too soon because they got interested in short term profits, but then they ended up selling way too many bitcoin too soon and ultimately were not really managing their bitcoin holdings in a way that would really bring meaning to their fnances and their overall net worth.

Of course ,If you are  only putting 10% or less of your income into Bitcoin, you have gotta accept that it is a slow game. It is  like filling a jar with coins,  at first it feels like nothing is happening, then one day you realize it is  really actually getting pretty heavy. The problem is, a lot of people don’t wait for that heavy jar moment. They see a little green in their portfolio, get excited, and sell ,  then a few years later they are kicking themselves because those small gains could have been life changing if they just held on.

I still remember one guy on who told his sad or should i  say unfortunate story on Reddit, who sold his whole stack for a used Honda Civic back in 2016. At the time, it felt like a smart move because he bought a new car, feeling good. Fast forward to today, and those same coins could have bought him a house… maybe two. That is  the  beauty of  Bitcoin, u will need to have patience, look into the long term, because the short term wins can trick you into missing the big picture. If you want it to actually move the needle in your life, you have  to give it time to do its thing.

Yep.. it is a slow process to accumulate bitcoin, and it is not good to interrupt the process.
Regarding the Honda Civic in 2016, we can do an approximate estimate that if the guy bought a medium priced Honda Civic in 2016, he may well might have ended up spending around $20k...

So bitcoin in 2016 ranged from $350 to $900.  Let's say that he sold around $700... so then he needed to have right around 28.5 BTC in 2016 to generate $20k of cash.
Right now 28.5 BTC has a 200-WMA of $1.5 million and a spot price of $3.4 million.  Surely right now, any of us could do quite a bit with 28.5 BTC, whether we started to generate income off of it or we cashed out chunks of it.  The current sustainable income from 28.5 bitcoin would be $146k per year.

Generally lump sum cashing out for consumption (or even investing in something else that is usually going to be inferior) is not a good idea or a good way for a person to manage their BTC holdings.

This your analysis or point really shows how crazy the difference can be over time. Selling 28.5 BTC for a car back in 2016 might have felt smart at the time, but now, That same stack could have changed his whole life. It’s wild to think about. He traded something that could’ve made him a millionaire for a car that’s probably not even running anymore.

And to be also be honest with you, I  also did the same thing,  In my first year I sold a chunk of my Bitcoin, both the gains and some of my stash, and spent it on things that honestly didn’t even make much sense. At the time it felt good and it felt like the earth was just spinning around me alone, but looking back I wish I had known better. Once I really understood what long term holding means I was able to chill and stop making those quick decisions. It’s all about learning and growing right thou ......The hardest part is staying patient when the price goes up. People see green and want to take profits, but if you treat Bitcoin like long term savings it changes how you think.

Yep.  I am not really sure how any of us can make sure that we have the right mindset because it can become quite tempting to sell and to take some profits, and the guy may have had sold the 28.5 bitcoin with around 2x profits.. so he was selling out of profits since maybe he bought the coins at $350 or less... then at the same time, he just took for granted the significance of his having had accumulated that many coins...

And currently we have guys who may have had bought a lot of coins in the $17k to $35k prices through 2022 and 2023, so they might not even realize how valuable it is merely to have had accumulated so many bitcoin at those prices, and so some of them were selling their bitcoin at around $100k, so they ended up getting 3x and 4x profits, but then they are never going to be able to accumulate the quantity of bitcoin that they were able to accumulate in 2022 and 2023 for the amount of dollars that they put into their investment.

We have seen that so many times in bitcoin, and guys are not able to come even close to buying back the quantity of coins that they ended up selling, and they don't realize how difficult it will be to get that quantity of coins in the future.

It is hard to see while we are in the midst of the price, and even our current prices could well end up being really good when it comes to a few years down the road, and even 5-10 years down the road, and right now  we can accumulate as much bitcoin that we want at the current $117k-ish prices.

Yeah , that is  the tricky part with Bitcoin. People always think they are being smart locking in profits, but history keeps showing that most end up selling too soon. It is just human nature to want quick gains, but the tough part is realizing how much harder it will be to rebuild that same stack later when prices have already moved up.

The way I see it, if you were lucky enough to stack a good amount during 2022 and 2023 when prices were still in that 17k to 35k zone, that is a huge win already. Selling a chunk now for a 3x might feel good, but down the line those same coins could be worth life changing amounts. Even at 117k today, it might look high, but in 5 to 10 years this could be the price we wish we loaded up on. That is why holding and thinking long term usually beats trying to time the market.....

[blackberrman]

.

Most folks who are merely investing DCA from their income, they might ONLY be able to invest 10% or less of their income, so if a person invests 10% of his income, it would take around 10 years for him to have had put a whole year of his salary into bitcoin.. and so frequently we have the investment being a product of both time and how much we put into it, so some guys get excited to cash out their profits, but if they have not put very much into bitcoin, then their profits would be less likely to be meaningful.  We have all kinds of examples through bitcoin's history where guys had been cashing out way too many bitcoin too soon because they got interested in short term profits, but then they ended up selling way too many bitcoin too soon and ultimately were not really managing their bitcoin holdings in a way that would really bring meaning to their fnances and their overall net worth.

Of course ,If you are  only putting 10% or less of your income into Bitcoin, you have gotta accept that it is a slow game. It is  like filling a jar with coins,  at first it feels like nothing is happening, then one day you realize it is  really actually getting pretty heavy. The problem is, a lot of people don’t wait for that heavy jar moment. They see a little green in their portfolio, get excited, and sell ,  then a few years later they are kicking themselves because those small gains could have been life changing if they just held on.

I still remember one guy on who told his sad or should i  say unfortunate story on Reddit, who sold his whole stack for a used Honda Civic back in 2016. At the time, it felt like a smart move because he bought a new car, feeling good. Fast forward to today, and those same coins could have bought him a house… maybe two. That is  the  beauty of  Bitcoin, u will need to have patience, look into the long term, because the short term wins can trick you into missing the big picture. If you want it to actually move the needle in your life, you have  to give it time to do its thing.

Yep.. it is a slow process to accumulate bitcoin, and it is not good to interrupt the process.
Regarding the Honda Civic in 2016, we can do an approximate estimate that if the guy bought a medium priced Honda Civic in 2016, he may well might have ended up spending around $20k...

So bitcoin in 2016 ranged from $350 to $900.  Let's say that he sold around $700... so then he needed to have right around 28.5 BTC in 2016 to generate $20k of cash.
Right now 28.5 BTC has a 200-WMA of $1.5 million and a spot price of $3.4 million.  Surely right now, any of us could do quite a bit with 28.5 BTC, whether we started to generate income off of it or we cashed out chunks of it.  The current sustainable income from 28.5 bitcoin would be $146k per year.

Generally lump sum cashing out for consumption (or even investing in something else that is usually going to be inferior) is not a good idea or a good way for a person to manage their BTC holdings.

This your analysis or point really shows how crazy the difference can be over time. Selling 28.5 BTC for a car back in 2016 might have felt smart at the time, but now, That same stack could have changed his whole life. It’s wild to think about. He traded something that could’ve made him a millionaire for a car that’s probably not even running anymore.

And to be also be honest with you, I  also did the same thing,  In my first year I sold a chunk of my Bitcoin, both the gains and some of my stash, and spent it on things that honestly didn’t even make much sense. At the time it felt good and it felt like the earth was just spinning around me alone, but looking back I wish I had known better. Once I really understood what long term holding means I was able to chill and stop making those quick decisions. It’s all about learning and growing right thou ......The hardest part is staying patient when the price goes up. People see green and want to take profits, but if you treat Bitcoin like long term savings it changes how you think.

Yep.  I am not really sure how any of us can make sure that we have the right mindset because it can become quite tempting to sell and to take some profits, and the guy may have had sold the 28.5 bitcoin with around 2x profits.. so he was selling out of profits since maybe he bought the coins at $350 or less... then at the same time, he just took for granted the significance of his having had accumulated that many coins...

And currently we have guys who may have had bought a lot of coins in the $17k to $35k prices through 2022 and 2023, so they might not even realize how valuable it is merely to have had accumulated so many bitcoin at those prices, and so some of them were selling their bitcoin at around $100k, so they ended up getting 3x and 4x profits, but then they are never going to be able to accumulate the quantity of bitcoin that they were able to accumulate in 2022 and 2023 for the amount of dollars that they put into their investment.

We have seen that so many times in bitcoin, and guys are not able to come even close to buying back the quantity of coins that they ended up selling, and they don't realize how difficult it will be to get that quantity of coins in the future.

It is hard to see while we are in the midst of the price, and even our current prices could well end up being really good when it comes to a few years down the road, and even 5-10 years down the road, and right now  we can accumulate as much bitcoin that we want at the current $117k-ish prices.

Yeah , that is  the tricky part with Bitcoin. People always think they are being smart locking in profits, but history keeps showing that most end up selling too soon. It is just human nature to want quick gains, but the tough part is realizing how much harder it will be to rebuild that same stack later when prices have already moved up.

The way I see it, if you were lucky enough to stack a good amount during 2022 and 2023 when prices were still in that 17k to 35k zone, that is a huge win already. Selling a chunk now for a 3x might feel good, but down the line those same coins could be worth life changing amounts. Even at 117k today, it might look high, but in 5 to 10 years this could be the price we wish we loaded up on. That is why holding and thinking long term usually beats trying to time the market.....

Many people knew about Bitcoin in the past but they were not interested enough to invest in Bitcoin. Many of them invested in Bitcoin, among whom many investors could not complete their investment in the long term because they were afraid of the fluctuations in the price of Bitcoin. Although many of them sold Bitcoin due to their greed when they saw that the price of Bitcoin was increasing in the long term and they were making a profit, on the other hand, there were some investors from the past who had full confidence in Bitcoin and came forward in the long term, but they overcame many obstacles on their long term path. It was not so easy, because then the price of Bitcoin was almost always fluctuating and when they saw that the price of Bitcoin was increasing in the long term and they were making a profit. But they never let go of their long term perspective, they kept their greed behind and kept their full confidence in Bitcoin. They are the ones who have made high profits in the present because it is what they deserve.

[Stormisover]

Yep.  I am not really sure how any of us can make sure that we have the right mindset because it can become quite tempting to sell and to take some profits, and the guy may have had sold the 28.5 bitcoin with around 2x profits.. so he was selling out of profits since maybe he bought the coins at $350 or less... then at the same time, he just took for granted the significance of his having had accumulated that many coins...

And currently we have guys who may have had bought a lot of coins in the $17k to $35k prices through 2022 and 2023, so they might not even realize how valuable it is merely to have had accumulated so many bitcoin at those prices, and so some of them were selling their bitcoin at around $100k, so they ended up getting 3x and 4x profits, but then they are never going to be able to accumulate the quantity of bitcoin that they were able to accumulate in 2022 and 2023 for the amount of dollars that they put into their investment.

We have seen that so many times in bitcoin, and guys are not able to come even close to buying back the quantity of coins that they ended up selling, and they don't realize how difficult it will be to get that quantity of coins in the future.

It is hard to see while we are in the midst of the price, and even our current prices could well end up being really good when it comes to a few years down the road, and even 5-10 years down the road, and right now  we can accumulate as much bitcoin that we want at the current $117k-ish prices.

To jump into this discussion this is the exact reason why I think we need to actually time our taking of profit so well, I have recently been in argument multiple times that one shouldn’t be taking profit simply because they want to buy back because there is a tendency that bitcoin might not even re visit that price again. For example even if it is not realistic now bitcoin might get Above $200k this year and probably not visit this $117k again even if the dip comes that means people who sold just to buy Back might be getting lesser quantity with the price.

As for taking of profit, I think everyone will definitely have a sign of little regrets after taking profit because bitcoin will definitely continue to move up so the decision to take profit should be for something worth while not unnecessary spending

Deeply reading meaning to most of the discussion over here we should understand that no one is against taking profit which this has to be figured out especially for those who truly understand the power of compounding effect and have held for a period of 4 to 10 years with a good size of Bitcoin, there is a reason to be excited in selling some percentage of his holding with some sustainable withdrawal method that are either time or price based just as jayjuanGee will usually say that will still allow you to be withdrawing and still allowing your Bitcoin to grow which I find very reasonable.

[JayJuanGee]

This your analysis or point really shows how crazy the difference can be over time. Selling 28.5 BTC for a car back in 2016 might have felt smart at the time, but now, That same stack could have changed his whole life. It’s wild to think about. He traded something that could’ve made him a millionaire for a car that’s probably not even running anymore.

And to be also be honest with you, I  also did the same thing,  In my first year I sold a chunk of my Bitcoin, both the gains and some of my stash, and spent it on things that honestly didn’t even make much sense. At the time it felt good and it felt like the earth was just spinning around me alone, but looking back I wish I had known better. Once I really understood what long term holding means I was able to chill and stop making those quick decisions. It’s all about learning and growing right thou ......The hardest part is staying patient when the price goes up. People see green and want to take profits, but if you treat Bitcoin like long term savings it changes how you think.

Yep.  I am not really sure how any of us can make sure that we have the right mindset because it can become quite tempting to sell and to take some profits, and the guy may have had sold the 28.5 bitcoin with around 2x profits.. so he was selling out of profits since maybe he bought the coins at $350 or less... then at the same time, he just took for granted the significance of his having had accumulated that many coins...

And currently we have guys who may have had bought a lot of coins in the $17k to $35k prices through 2022 and 2023, so they might not even realize how valuable it is merely to have had accumulated so many bitcoin at those prices, and so some of them were selling their bitcoin at around $100k, so they ended up getting 3x and 4x profits, but then they are never going to be able to accumulate the quantity of bitcoin that they were able to accumulate in 2022 and 2023 for the amount of dollars that they put into their investment.

We have seen that so many times in bitcoin, and guys are not able to come even close to buying back the quantity of coins that they ended up selling, and they don't realize how difficult it will be to get that quantity of coins in the future.

It is hard to see while we are in the midst of the price, and even our current prices could well end up being really good when it comes to a few years down the road, and even 5-10 years down the road, and right now  we can accumulate as much bitcoin that we want at the current $117k-ish prices.

I've read comments like this consecutively. It seems the market dips and fluctuations isn't the only problem after all. After a beautiful long term holding plan some may feel fulfilled and go ahead to selling off their entire bitcoin stash with one order probably because they got a 2x or more. Which is why staying around those with the right mindset can also influence your decision to suit you the best way it can. If only they had stumbled upon your [ANN] JJG Sustainable Bitcoin Withdrawal Strategy may they would have understood how to make withdrawal following the 200WMA  and the calculations for the amount to be withdrawn each month using a fair conservative rate. With a 6% conservative rate it would take 16 years for one to fully withdraw all the bitcoin in his stash. However this gives us a leveraged ability to also make extra profits if bitcoin continues soaring for this 4 cycle without regretting our decision of selling off some bitcoin unlike those who happen to sell everything or more than half the size of their bitcoin portfolio.

There is something wrong with your description that withdrawing bitcoin at a 6% per year rate would completely deplete the bitcoin in 16 years.

My underlying presumption is that any time that we are attempting to withdraw bitcoin in a sustainable way, then the withdrawal rate is sustainable in perpetuity, meaning that you can continue to withdraw at that same rate forever and ever and ever.

Sure, the size of your bitcoin stash will continue to go down, once you start to withdraw from it, yet its dollar value should be going up at a faster and larger rate than your withdrawals from it.

For example, I assert that right now, a person who wants to have an income of $80k per year perpetually into the future and even with a 7% increase in the fiat withdrawal rate, can have 15.547 BTC and start immediately to withdraw at $6,667 per month.  Of course, if a guy is worried about having enough of a value cushion and or making any mistakes, then he could have a little extra BTC, so maybe to get started the guy has an extra 0.6817794 BTC ($80,000/$117,340), so that he withdraws the first year in advance and still has 15.547 BTC, so then when next year comes, he will see that he still has enough to withdraw an additional $85.6k (which is $80k X 1.07 to account for a 7% increase in the cost of living or a 7% decrease in the value of the dollar).

I am using the 200-WMA to calculate the value of the bitcoin and then withdrawing based 10%  of the 200-WMA dollar value. Part of the purpose is to allow for more conservative withdrawals, including that the 200-WMA largely attempts to account for BTC bottom prices.

If you were to be withdrawing 6% per year based on the 200-WMA, the dollar value of your BTC is likely to continue to greatly outgrow your withdrawal rate, so you would not be running out of BTC, unless for some reason the 200-WMA stops going up at greater than 6% per year rates.. including that the lowest rate, so far in all of bitcoin's history has been a 200-WMA appreciation rate of about 20% per year for the period between about June 2022 and November 2023.  You can see the actual historical numbers in my latest fuck you status chart, and you can also see the projected future 200-WMA values that may or may not end up being correct, but we can adjust our plans (such as reduce our withdrawal rate) if the 200-WMA ends up performing way lower than the projected amounts. 

Ultimately each of us is responsible for our own value calculations to figure out how much BTC we need and what rate of withdrawal we can achieve if we are trying to make our withdrawal rate sustainable.. which means forever rather than a paltry 16 years.. You must have had gotten that 16 years from someplace else since I am not promoting any ideas to deplete our bitcoin principle, at least not within sustainable withdrawal systems, even if there might be other non-sustainable justifications to deplete our bitcoin based on age and/or health considerations or some other emergency situation that we might believes justifies depleting our bitcoin holdings.

[edited out]

Determining the price of Bitcoin is a challenge, but as Bitcoin's popularity is increasing day by day, its demand has also increased many times over the past, and it continues to do so today. Bitcoin may increase its value in the future beyond our expectations, but we cannot guarantee it or deny it because it is likely to go up, because Bitcoin's limited supply. When Bitcoin's journey began in the past, many people may not have known about it, but at present, people in almost all regions are familiar with Bitcoin. The future of Bitcoin is bright,

In recent times more people have heard about bitcoin, yet hardly anyone has any clue about bitcoin, otherwise more people would own it.

there is no point where we will talk about losses because you only loose when you sell below the point you bought you bitcoin and that can only happen when you are short term investor that is not patient enough to invest for the long term. even though it is true that one should invest based on his financial capacity, pushing yourself above the minor limit also stands help you reach your accumilation point fast enough.

You make reasonable points Hewlet, and it seems that somehow we have to get into a mindset that we are not getting too worked up about short term profits and/or losses, and surely many guys are likely going to be accumulating bitcoin for 4-10 years or more before they might even transition to a maintenance stage and then later transition to a stage where it might start to make sense in selling any bitcoin.

But, yeah, some guys get caught up upon shorter term profits and then they maybe just get such an urge to spend their bitcoin on something rather than getting to some kind of a sustainable withdrawal stage that largely signifies withdrawing slowly and over time rather than in big chunks.

Getting through the first whole cycle while continuing to buy bitcoin and not selling any bitcoin is likely a difficult task for many, and surely there could be some guys who might be able to front load their bitcoin investment, so they might feel that they don't need to accumulate for a whole cycle or more than a whole cycle, yet those folks with sufficient abilities to front load their bitcoin investment are not as common as the ones who likely need to accumulate bitcoin for 1 or 2 cycles before they strt to get to a point of having enough bitcoin or more than enough bitcoin.

Yep.  I am not really sure how any of us can make sure that we have the right mindset because it can become quite tempting to sell and to take some profits, and the guy may have had sold the 28.5 bitcoin with around 2x profits.. so he was selling out of profits since maybe he bought the coins at $350 or less... then at the same time, he just took for granted the significance of his having had accumulated that many coins...

And currently we have guys who may have had bought a lot of coins in the $17k to $35k prices through 2022 and 2023, so they might not even realize how valuable it is merely to have had accumulated so many bitcoin at those prices, and so some of them were selling their bitcoin at around $100k, so they ended up getting 3x and 4x profits, but then they are never going to be able to accumulate the quantity of bitcoin that they were able to accumulate in 2022 and 2023 for the amount of dollars that they put into their investment.

We have seen that so many times in bitcoin, and guys are not able to come even close to buying back the quantity of coins that they ended up selling, and they don't realize how difficult it will be to get that quantity of coins in the future.

It is hard to see while we are in the midst of the price, and even our current prices could well end up being really good when it comes to a few years down the road, and even 5-10 years down the road, and right now  we can accumulate as much bitcoin that we want at the current $117k-ish prices.

To jump into this discussion this is the exact reason why I think we need to actually time our taking of profit so well, I have recently been in argument multiple times that one shouldn’t be taking profit simply because they want to buy back because there is a tendency that bitcoin might not even re visit that price again. For example even if it is not realistic now bitcoin might get Above $200k this year and probably not visit this $117k again even if the dip comes that means people who sold just to buy Back might be getting lesser quantity with the price.

As for taking of profit, I think everyone will definitely have a sign of little regrets after taking profit because bitcoin will definitely continue to move up so the decision to take profit should be for something worth while not unnecessary spending

Even if you are largely correct in regards to your description of our current situation, there is something that is off about your assessment for the reasons why we are not selling bitcoin.

I think that the main reason that we are not selling bitcoin is because we are buying it, so if we are buying it, we will be buying all the way up to $200k and beyond if it goes to those prices this cycle, and then perhaps if there is a correction, we are continuing to buy it until we have enough bitcoin or more than enough bitcoin.

We cannot have any assurance of our being able to buy more bitcoin based on our selling it and expecting to buy back cheaper, whether we are selling now or at some later point down the road such as $200k and above.

Even you, EL MOHA (if we go by your forum registration date) seem to have ONLY a year and a half in bitcoin.  I cannot imagine very many circumstances that a guy with only a year and a half in bitcoin would have gotten out of accumulation status... but sure, the more bitcoin you already accumulated could justify, perhaps, your stopping or slowing down of your accumulation of bitcoin.  I suppose only you are in a position to really know and yeah if you screw up because you stop accumulating, then sure that is not as bad as selling too much too soon, but it could still be a problem in the event that you have not yet reached ovreraccumulation status.  ONLY you are the one to figure out whether you are at overaccumulation status, and if you screw up your assessment, then that is on you.

I recall a person who had gotten into bitcoin around late 2014, and only bought a few thousand dollars in bitcoin even though the person had something close to $50k in his bank account... and he was largely skeptical of bitcoin...

The person might have gotten around 10 bitcoin with the first purchase for $4k (so maybe $400 per BTC), and then the person  bought some more bitcoin in the next year or two between 2015 and 2016, and maybe got up to around 19 BTC... with maybe a total invested of less than $8k.  The person had cashed out in bitcoin several times in 2017 and even in 2021, and perhaps the person cashed out around $150k worth of bitcoin in the various times cashing out, and perhaps sold a total of around 8 or 9 BTC.  The rest of his bitcoin (maybe 8 BTC?) got hacked based on mistakes he made, and he lost the others (around 4 BTC) in some of the 2022 exchange fiascos because he was trying to earn yield (but he got back 0.8 BTC from the one that he lost 4 BTC), so maybe now he has less than 1 whole BTC. 

it can be crazy what people do in terms of their whimpiness of buying bitcoin and their selling too much BTC too soon and then also their sloppy management of their bitcoin holdings. In some ways, I feel bad for the guy, yet in other ways his own sloppiness and reluctancies in learning how to self-custody and to not get greedy with coins were parts of the problem, even though overall he still made $150k (maybe $140k after subtracting costs) from his coins, and he still has around 0.8 BTC. Way less than he could have had, and surely he is not really in a position to earn money to replace those coins.

[edited out]

Yeah , that is  the tricky part with Bitcoin. People always think they are being smart locking in profits, but history keeps showing that most end up selling too soon. It is just human nature to want quick gains, but the tough part is realizing how much harder it will be to rebuild that same stack later when prices have already moved up.

The way I see it, if you were lucky enough to stack a good amount during 2022 and 2023 when prices were still in that 17k to 35k zone, that is a huge win already. Selling a chunk now for a 3x might feel good, but down the line those same coins could be worth life changing amounts. Even at 117k today, it might look high, but in 5 to 10 years this could be the price we wish we loaded up on. That is why holding and thinking long term usually beats trying to time the market.....

There should be a good feeling in our having had been able to accumulate some cheaper coins and to still have them in our bitcoin stack, yet over the years, we are likely going to have coins that have costs that are all over the place, and sure, if we get some chances to buy some coins cheaper, then we should do it, yet ongoingly we can never really know bitcoin's price direction, yet we can know that if we still don't have enough bitcoin, then from time to time (perhaps even every week?) we should be ongoingly, persistently, regularly, consistently and perhaps even aggressively buying bitcoin. 

Each of us has to judge our bitcoin buying/accumulating approach and if we think that modifying our approach might be helpful from time to time, yet any of us can imagine that there were newbies to bitcoin in 2022 who might have had been waiting for price dips, and largely since 2022, the BTC price has gone up and up and up and up, and there hardly would have had been any justification in waiting rather than regularly buying bitcoin, even if the BTC price continues to go up. 

Part of the issue regarding a guy who is regularly receiving an income is that he does not have the money until the money comes in, so even if a guy might have had been buying bitcoin as aggressively as he could have done in 2022 and 2023, he still cannot use the income that he received in 2024 and 2025 to retroactively buy bitcoin at 2022 and 2023 prices.  He has to buy bitcoin as his money comes in, and sure many times, he wishes that he could earn more money, yet frequently there is ONLY so much a guy can do to either increase his income or to decrease his expenses, so he has to work with what he has as it comes in.

[Joeboy]

[Edited Out]
Each of us has to judge our bitcoin buying/accumulating approach and if we think that modifying our approach might be helpful from time to time,

Of course sir Jay,  we have the right to judge and modify our Bitcoin accumulation approach. Let me back this up with an example

For instance, Mr. A has been acumulating Bitcoin by investing a fixed amount of money every month. Things were going very smooth until he got demoted at work, and this demotion reduced his income. After this incident, he had two choices- either pause his acumulation completely, or adjust the amount he was investing. Mr A choose the smarter approach by reducing the amount instead of stopping his investment entirely. Even though it wasn’t as much as before, he kept on building consistently

Now let us compare what happened to Mr A with what Mr. B, who faced the same challenge( he got demoted at work). As a result of this Mr B. decided to stop his Bitcoin investment completely because he couldn’t keep up with his original plan. Over the years, Mr. A, with smaller but consistent contributions, eventually ended up with more stash of Bitcoin than Mr. B.

The lesson to be learnt here is that flexibility doesn’t weaken your plan, it rather strengthen it overtime. A rigid approach may sound good but life doesn’t always go out as we planned it to be. That is why being able to adjust your plan while staying committed is what makes your Bitcoin accumulation journey sustainable in the long run.