Buy Buy Buy or Sell Sell Sell?

[Dogedegen]

I propose an alternative. Definitely don't do Sell Buy Sell, but you can do Buy Sell Buy.

I wonder how many users will understand what this means. 

you are probably right, but you can only sell what you have and you can't have it you don't buy, so with bitcoin I don't think selling can ever come before buying, so you have to buy buy buy before you can sell sell sell

You've read it a bit too literally. You could say the same thing for the topic title? How can you Sell Sell Sell before you Buy? I will give one interpretation that could be, you can come up with some more. Never sell as much as you are buying, this means that you should never exit back fully into the scammy system of fiat. 

What you are suggesting has a trading sound to it, yet I suppose timeline might make a difference in terms of figuring out how to interpret your puzzle.

My own idea is buy and continue to buy until reaching overaccumulation status then you are able to sell, within your overaccumulated amount, yet you would not be selling with intentions to buy back cheaper, yet if the price dropped cheaper, you would have the option to use some of the funds generated from the sale to buy back.

It is also a test to see who is really thinking before writing something. My alternative has many interpretations, and your plan would be one of them. Buy, Sell, Buy.. buy enough to reach overaccumulation status and you can sell sometimes but you should buy some back again or buy some more.

As already mentioned, you cannot sell unless you bought first, and personally I recommend that newbies build up their bitcoin stash through ongoing buying, so they would not be selling perhaps in the first several years in being in bitcoin unless it is just sell and replace... so in their beginning years in bitcoin - perhaps a whole cycle or longer, they would ONLY be buying and building the bitcoin stash and hopefully ongoingly studying bitcoin and their personal finances so that they can figure out what they are going to do next after they built enough bitcoin or even in the process of trying to figure out how many bitcoin is enough or more than enough.. which they might not even be able to reach in the first cycle or two, unless they are able to employ a somewhat aggressive bitcoin accumulation strategy (that only involves buying).

If you add the factors of time and frequency into the debate it becomes more complicated. Obviously neither the post from the author of this thread nor mine implies single event of buying or selling.

However, regarding the two points you mentioned, I briefly see two distinct sides, such as those who frequently sell after buying and those who frequently buy without selling. Therefore, each of us must know where to position ourselves if our goal is long-term investment in Bitcoin while properly implementing the methods we've prepared and mastered.

You are onto something. It can also specifically refer to people who are quick to sell in panic. This is not the recommended course of action. I wonder what people think here about panic buying though?  I am not talking about something dumb as taking huge loans to buy or buying beyond your means, but rather from the time perspective. You finally learned about Bitcoin and now you are rushing to buy some.

prices are lower. Starting a dca say 100 usd a week for a year would be an okay move. Doing 100 usd a week for 2 years would be better. As long as you  Just stack them and hold them.

I'll do you one better, 100 usd a week for the rest of your life. 

[Guccho]

The psychological skill you'll need is remaining disciplined, consistent and committed to your purchases amidst market fluctuations, paying deaf ears to the markets and focusing on reaching your accumulation target faster within your holding period and better still reaching a level of over accumulation still within your holding period.

Recently, there has been this fear among investors which looks like most of them do not believe that bitcoin is going to continue going higher considering that of recent, it appears that the market has been relatively slow. investors that are considering selling their coin are the ones that lack the psychological skills that keeps them disciplined throughout the different market condition without being dragged to selling due to pressure.

The only way one can thrive through the different market condition is pretend as though you are unaware of the present market condition and stay disciplined with whatever buying strategy you are currently working with. that way, when others are selling due to fear, you are not going to get tempted to sell with them and with that, it becomes easy continue buying your bitcoin following your set out strategy.

Technical analysis or market news is available everywhere but the main difference between successful investors and unsuccessful investors is their mental toughness.

It was seen in 2018-2019 when Bitcoin fell from around 20 thousand to below 4 thousand. Many thought that this was the end but those who held on with discipline saw the price exceed 60 thousand in the bull run of 2020-2021. In conventional investments which is called DCA it is also effective in Bitcoin. Investing a fixed amount of money at regular intervals allows you to put aside emotions and get long-term benefits. History has shown that those who have done DCA regularly for a few years have almost always remained profitable even if they started at a high price.

I think the biggest mistake investors make is when they want to time the market or sell when the price drops out of fear. Maintaining discipline is not easy but if your goal is not short-term profit but to create long-term wealth then the only way is to ignore the daily noise of the market and stick to your plan.

[Female King]

I think is a wrong approach or better still a big investment mistake if your plan is to sell your bitcoin holdings simply because you want to buy back when the price is dip.

Selling your BTC to buy back when the price dip is the practice of traders they target to buy BTC when there is a decline in price to sell when there is a little increase in price of bitcoin most of them do buy at dip target to sell when the price increase and it continue dipping and they sell at loss due to panic that the price will dip further. Bitcoin is an investment we should hold for long accumulate enough BTC for years till we have reach our accumulation target at this time you can sell small part and still continue to hodl the rest since it is a store of value and your profit can't be compare to that of the trader who sold their bitcoin at it early stage.

[7juju]

To invest, a person needs basic knowledge about Bitcoin, faith in Bitcoin, and a source of discretionary income. If a person has these things, then he should invest immediately.

I agree with you on two out of the three requirements you listed here. The one I disagree with is faith in bitcoin, because someone don't need faith in bitcoin to invest in it, because with or without faith bitcoin will do what it intends to do. It is not ones faith that makes bitcoin what it is. Bitcoin reacts to the law on of demands and supply and not faith. Faith is something that's more related to religious fantasies and bitcoin is not a religious something. Bitcoin is not related to any religious beliefs. That being said, an investor doesn't need faith to invest in bitcoin.

[Byebyebtc]

Of course, if you want to make money by investing, you have to stick to long-term investments, because short-term ones will not give you profit, but will push you towards losses.

I disagree with you that short term holders don’t make money, the only thing which I will say is that it’s kind of risky, and the chances of you making money is less. You might buy bitcoin and if you are lucky, the price might start pumping and you going to take your profits, but things like this don’t often happen, so it’s just better to hold for long term whenever you are planning to invest in bitcoin. If you have short term plans, bitcoin might be down when you will want to sell it, but if you can hold bitcoin for like 10 years, it’s not possible for you tell sell at loss if you will be selling it.

You know somebody wants told me that any investor that invest in short term is no difference from a trader, we're just like a swing trader I do not an investor
If you are an investor you, investors keep their Investments for long like like 5 days gap 10 years gap 15 years etc this is Bitcoin here it has a lot of retracement it has consolidations so I don't see how you will call a short stem trading especially in an investment like Bitcoin bitcoin grows over the years, not in days or months or weeks this coils in the years and has good rewards to as well
So what's the use of having a short-term investment in a coin like Bitcoin if it is other source of investment it's understandable but bitcoin's own is different

[IceLincoln]

To invest, a person needs basic knowledge about Bitcoin, faith in Bitcoin, and a source of discretionary income. If a person has these things, then he should invest immediately.

I agree with you on two out of the three requirements you listed here. The one I disagree with is faith in bitcoin, because someone don't need faith in bitcoin to invest in it, because with or without faith bitcoin will do what it intends to do. It is not ones faith that makes bitcoin what it is. Bitcoin reacts to the law on of demands and supply and not faith. Faith is something that's more related to religious fantasies and bitcoin is not a religious something. Bitcoin is not related to any religious beliefs. That being said, an investor doesn't need faith to invest in bitcoin.

I think the faith he’s talking about here isn’t the religious faith, it’s just using the concept of faith to describe having trust in bitcoin because when we invest we don’t know for sure 100% that bitcoin will grow and reach our expectations, we just hope and believe it does based on its historical trajectory but also anything can happen and we don’t know for sure.
So a newbie having faith in bitcoin doesn’t mean he’s taking it religious it just means he believes in bitcoin that it’ll keep going higher and higher especially when there’s a dip or down trend.

[centrum]

Is it really a big mistake to sell portion of your bitcoin and then rebuy back when the price has dip?

in my opinion, it’s not a mistake. by doing this, you are increasing your amount of bitcoin. if you know when a dip might happen, you can sell some or half of your bitcoin before that. but if you sell without knowing and it leads to a loss, then it’s your loss. everyone wants to increase their bitcoin holdings because bitcoin is digital gold. if you can save it now, you won’t need to look for an income source in the future. if you have any early warning signs, then doing this is a good choice.

[laijsica]

Is it really a big mistake to sell portion of your bitcoin and then rebuy back when the price has dip?

in my opinion, it’s not a mistake. by doing this, you are increasing your amount of bitcoin. if you know when a dip might happen, you can sell some or half of your bitcoin before that. but if you sell without knowing and it leads to a loss, then it’s your loss. everyone wants to increase their bitcoin holdings because bitcoin is digital gold. if you can save it now, you won’t need to look for an income source in the future. if you have any early warning signs, then doing this is a good choice.

Selling Bitcoin when the price is rising and buying it back when the price is falling is a bad idea and a short term trader. You don't know when the price will fall or if it will happen at all. If you are already buying and it has not yet gone through a cycle, then selling Bitcoin will not be the right decision for you. You should always think long term about Bitcoin. When you think short term you will be tempted to sell again and again and eventually become a losing trader. If you have already been accumulation Bitcoin for two or three years, unless you are very rich, it has not yet reached a good level. In this situation, the decision to sell Bitcoin will never work out well for you because there is a lot of doubt whether you will see the price fall again. So I think no investor should sell Bitcoin at such a level. Hold Bitcoin.

[woez]

Is it really a big mistake to sell portion of your bitcoin and then rebuy back when the price has dip?

in my opinion, it’s not a mistake. by doing this, you are increasing your amount of bitcoin. if you know when a dip might happen, you can sell some or half of your bitcoin before that. but if you sell without knowing and it leads to a loss, then it’s your loss. everyone wants to increase their bitcoin holdings because bitcoin is digital gold. if you can save it now, you won’t need to look for an income source in the future. if you have any early warning signs, then doing this is a good choice.

I'm interested in responding to this as well. Perhaps this is a good time, as BTC hasn't positioned itself to rise and is currently entering an accumulation period, although there is considerable selling pressure from several large institutions, who are also present, selling some in the near future but the problem is, we don't know whether this decline will continue, whether for two days or a week. In my opinion, just a few, not all of this, even if they buy again.

There are usually three normal behaviors: short-term traders, long-term holders, and panickers who are willing to sell low when they actually bought high. But, the most unpleasant and wrong thing is when someone enters the market and buys based on guesswork without a plan and following the current market direction. Don't let your days be wasted by just staring at price charts.

[Sonia_123]

Is it really a big mistake to sell portion of your bitcoin and then rebuy back when the price has dip?

in my opinion, it’s not a mistake. by doing this, you are increasing your amount of bitcoin. if you know when a dip might happen, you can sell some or half of your bitcoin before that. but if you sell without knowing and it leads to a loss, then it’s your loss. everyone wants to increase their bitcoin holdings because bitcoin is digital gold. if you can save it now, you won’t need to look for an income source in the future. if you have any early warning signs, then doing this is a good choice.

I'm interested in responding to this as well. Perhaps this is a good time, as BTC hasn't positioned itself to rise and is currently entering an accumulation period, although there is considerable selling pressure from several large institutions, who are also present, selling some in the near future but the problem is, we don't know whether this decline will continue, whether for two days or a week. In my opinion, just a few, not all of this, even if they buy again.

There are usually three normal behaviors: short-term traders, long-term holders, and panickers who are willing to sell low when they actually bought high. But, the most unpleasant and wrong thing is when someone enters the market and buys based on guesswork without a plan and following the current market direction. Don't let your days be wasted by just staring at price charts.

There is no problem any where no matter the amount of days bitcoin takes to decline and stands up back it does not matter, all that matters right now is that as an investor you have to take advantage of the price decline in the market to accumulate more in your portfolio, it is a normal thing happening in the price of bitcoin, those selling off their coins now are traders, real investors don't do that instead look for more money to increase their holding for more long-term , or an Investor that has reached his over accumulation stage and is selling part of it, that is well understood, so the present bitcoin price should not make you panicking, it is normal, it has been happening before and it will still continuing to be happening,so use this opportunity well, forget about others and think about yourself because what they are doing now is beneficial to them.

[Catenaccio]

There are usually three normal behaviors: short-term traders, long-term holders, and panickers who are willing to sell low when they actually bought high. But, the most unpleasant and wrong thing is when someone enters the market and buys based on guesswork without a plan and following the current market direction. Don't let your days be wasted by just staring at price charts.

Without knowledge, plans and experience, people are more like gamblers in this market no matter how they consider themselves as investors, traders or speculators. Without these things, people are very sensitive with news, and more vulnerable to market washouts so that they are people who FOMO with purchases and panic with their selling orders.

Long-term investors and holders need many things to accumulate bitcoins over time very confidently and have strong hands to hold their bitcoins with time against news, FUD, and market volatility.

They must learn about the psychology of market cycles together with Bitcoin market history.
The psychology of market cycles.
Bitcoin market cycles.

Understanding about these things, a next step is applying Dollar Cost Averaging for their investment, accumulation, and even take profit.
Dollar Cost Averaging with costavg.com include exchange fee.
[ANN] JJG Sustainable Bitcoin Withdrawal Strategy. This is a good withdrawal strategy is built by JayJuanGee and bitmover.

[mich]

Well Bitcoin is down but for me it is a chance to make some profit. I am going to be buying some cheap sats when I do get my pay check end of the week.

It does not happen alot that price of Bitcoin is lower then 110k. So at price now of 109,400 I do think we should all use some fiat to stack sats before we go on a 'bull run'.

[Solokan]

Is it really a big mistake to sell portion of your bitcoin and then rebuy back when the price has dip?

In my opinion, it is not a big mistake because, of course, selling part BTC and then buying it back when the price drops is possible, but we can only do that if we can accurately predict where the price will go. However, if we can accurately predict the price of BTC by doing that, then we will definitely increase our BTC holdings.

However, for those who are less skilled at predicting, it will certainly make us regret selling BTC. For example, if we sell BTC and the price then rises sharply, we will definitely suffer a loss. The point is that if BTC has been sold, then when it is bought back, it will certainly result in fewer BTC being purchased. So, it depends on whether we can predict well or not.

However, in this case, the decision lies with the BTC owner, as selling part of the BTC is acceptable as long as a profit has been made.

[fredericktaylor]

Well Bitcoin is down but for me it is a chance to make some profit. I am going to be buying some cheap sats when I do get my pay check end of the week.

It does not happen alot that price of Bitcoin is lower then 110k. So at price now of 109,400 I do think we should all use some fiat to stack sats before we go on a 'bull run'.

Absolutely right, I believe this is a golden opportunity to invest our money in Bitcoin. Don't be afraid, be brave and make a conscious decision. Buy more Bitcoin and hold it for the future. Opportunities do not come again and again so by consciously utilizing this time, good results can be obtained in the future. There are many people who are waiting to invest in Bitcoin when the price will drop, so I would say now is the golden opportunity to invest so do not delay consciously buy Bitcoin with a long-term plan and patiently wait for the right time big profits can be obtained in the future.

[Futurexxx]

Well Bitcoin is down but for me it is a chance to make some profit. I am going to be buying some cheap sats when I do get my pay check end of the week.

It does not happen alot that price of Bitcoin is lower then 110k. So at price now of 109,400 I do think we should all use some fiat to stack sats before we go on a 'bull run'.

Absolutely right, I believe this is a golden opportunity to invest our money in Bitcoin. Don't be afraid, be brave and make a conscious decision. Buy more Bitcoin and hold it for the future. Opportunities do not come again and again so by consciously utilizing this time, good results can be obtained in the future. There are many people who are waiting to invest in Bitcoin when the price will drop, so I would say now is the golden opportunity to invest so do not delay consciously buy Bitcoin with a long-term plan and patiently wait for the right time big profits can be obtained in the future.

Waiting for the price of Bitcoin to drop before buying is never a good idea because by waiting you may likely miss a whole lot of buying opportunity to buy and add to your stash if you have already started. Where I feel that most investor are missing out is that they don't know that the price of Bitcoin now is way to cheap comparing to how much it might  rise up to in the nearest future, sometimes they will say that they are going to buy once it deep, but once it deep as expected, they will later say that it seems like it's going to deep more further that is so risky to buy now, and in most cases, the price of Bitcoin starts appreciating from there, so they will feel even more reluctant to buy saying that is too expensive now, and that is how they miss out on a very good buying opportunity, so waiting for the deep before buying is never a good idea, because the dip you might be expecting may never come and for that reason you may never buy, so all bitcoin investor are adviced to buy regardless of it current price because in the future there's a higher possibility that bitcoin can go as high as a million dollar or more.
So what's the point waiting before buying when this current price is still a deep in the future?
 and as long as you are holding for long-term or you're thinking about the future you have no worries because the potential and the future of Bitcoin is absolutely bright.

[Cossyblack]

Is it really a big mistake to sell portion of your bitcoin and then rebuy back when the price has dip?

In my opinion, it is not a big mistake because, of course, selling part BTC and then buying it back when the price drops is possible, but we can only do that if we can accurately predict where the price will go. However, if we can accurately predict the price of BTC by doing that, then we will definitely increase our BTC holdings.

However, for those who are less skilled at predicting, it will certainly make us regret selling BTC. For example, if we sell BTC and the price then rises sharply, we will definitely suffer a loss. The point is that if BTC has been sold, then when it is bought back, it will certainly result in fewer BTC being purchased. So, it depends on whether we can predict well or not.

However, in this case, the decision lies with the BTC owner, as selling part of the BTC is acceptable as long as a profit has been made.

Your re beginning to sound more like a trader than an investor to me because a true investor in Bitcoin wouldn't be timing the market to Buy Bitcoin and later sells it for cheaper gains. I believe this is a common strategy by traders. By trying to predict the market accurately, only buys when it's Dip and sells it later it starts appreciating in value prove you're simply a trader in disguise.
However I don't agree with this your strategy of accumulating bitcoin for the short term because it's risky and unprofitable. If you're not investing in Bitcoin for the long term,then you're simply gambling with your funds.

[Loyang]

Is it really a big mistake to sell portion of your bitcoin and then rebuy back when the price has dip?

In the case of long-term investment, I think this is completely wrong. Because Bitcoin is very volatile, when you sell and after some time if you want to buy, if the price of Bitcoin increases a lot in the meantime, then you will have to buy Bitcoin at a higher price. Again, suppose if you invest today at a price of $ 50 and if the price of Bitcoin decreases a lot and if you want to sell your investment and buy again, then you will have lost a lot of money.

The best way for an investor is to continue buying continuously. If a person buys depending on the price of Bitcoin, then it will never be the right decision, but a trader does so. So always depending on your discretionary income and adopting the DCA method and continuing to buy continuously will be the best decision.

[IjawMan]

Is it really a big mistake to sell portion of your bitcoin and then rebuy back when the price has dip?

The reason why am asking this question is because with the right approach I think this can also be done and even help you get good value of bitcoin when the price dip but there are conditions that would prompt you to actually sell some fraction of your investment. 

It may not be a big mistake but of what difference are you who claims to be a bitcoin investment holder from the retail trader who only buys at dip price waiting to sell when price rise. Are you selling due to emergency (then you are meant to have an emergency funds) or you selling cause there is a price?

That the particular approach is appealing to you it can still be not the right approach towards your bitcoin investment when you have to sell a portion of your holdings at every bitcoin price rise to rebuy when it dips. Do you not think you are investing without a proper duration on your investment? You are holding for 6 or 8 years let it be so as planned.

[Spaceman1000$]

The psychological skill you'll need is remaining disciplined, consistent and committed to your purchases amidst market fluctuations, paying deaf ears to the markets and focusing on reaching your accumulation target faster within your holding period and better still reaching a level of over accumulation still within your holding period.

Recently, there has been this fear among investors which looks like most of them do not believe that bitcoin is going to continue going higher considering that of recent, it appears that the market has been relatively slow. investors that are considering selling their coin are the ones that lack the psychological skills that keeps them disciplined throughout the different market condition without being dragged to selling due to pressure.

The only way one can thrive through the different market condition is pretend as though you are unaware of the present market condition and stay disciplined with whatever buying strategy you are currently working with. that way, when others are selling due to fear, you are not going to get tempted to sell with them and with that, it becomes easy continue buying your bitcoin following your set out strategy.

I don't know where you got this information about the palpable fear among investors getting afraid of the Bitcoin price going higher, first what is the market dynamics that is encouraging such fear, because if you talk about the market being slow, then that is a natural phenomenal associated with the market, because the price isn't stable on a particular direction, which to me shouldn't cause any panic for investors especially for Investors that knows their onion. If an investor wants to complain about the fact that the market is slow recently, then he might not have checked the growth trajectory of Bitcoin in the last few years of few months.

[Taskford]

The psychological skill you'll need is remaining disciplined, consistent and committed to your purchases amidst market fluctuations, paying deaf ears to the markets and focusing on reaching your accumulation target faster within your holding period and better still reaching a level of over accumulation still within your holding period.

Recently, there has been this fear among investors which looks like most of them do not believe that bitcoin is going to continue going higher considering that of recent, it appears that the market has been relatively slow. investors that are considering selling their coin are the ones that lack the psychological skills that keeps them disciplined throughout the different market condition without being dragged to selling due to pressure.

The only way one can thrive through the different market condition is pretend as though you are unaware of the present market condition and stay disciplined with whatever buying strategy you are currently working with. that way, when others are selling due to fear, you are not going to get tempted to sell with them and with that, it becomes easy continue buying your bitcoin following your set out strategy.

I don't know where you got this information about the palpable fear among investors getting afraid of the Bitcoin price going higher, first what is the market dynamics that is encouraging such fear, because if you talk about the market being slow, then that is a natural phenomenal associated with the market, because the price isn't stable on a particular direction, which to me shouldn't cause any panic for investors especially for Investors that knows their onion. If an investor wants to complain about the fact that the market is slow recently, then he might not have checked the growth trajectory of Bitcoin in the last few years of few months.

Maybe its like fear of uncertain because they are not really sure about what's possible to happen on Bitcoin and there belief is not enough that's why they feel those things or get pressured about latest situation when Bitcoin price drops.

If they are complaining about those past movements I guess they are only looking at the price for short term. They are thinking about trading their Bitcoin with that case and no intention to hold their Bitcoins and that's the reason on why they questioned everything then get afraid if those unexpected situation which cause them troubles came.

That's why people just choose to hold and ignore the volatile movement since for sure they would never get any issue even if the market is experiencing a short term decline.