Quote from: Odusko on May 09, 2023, 10:35:38 PM

Quote from: JayJuanGee on May 05, 2023, 03:03:30 PM

It sounds to me as if you are trying to sell some kind of a trading package, and the vast majority of longer term HODLers in bitcoin do way better by erroring on the side of buying and accumulating rather than trading.

Long term holding far more better and less risky, compared to trading, which is why i spend more time on reading Bitcoin speculative comments rathers to look for a trading package, because, by accumulating Bitcoin consistently I will arrive.at my financial goals easily and securely but unlike trading which is a gamble, one can lose everything at some point so i will rather hold for the long term rather than to risk everything trying to catch in on short-term trading gains.

Quote from: JayJuanGee on May 05, 2023, 03:03:30 PM

Yeah, sure it is possible to be profitable with trading and it is even more likely that positions can be bolstered by attempting to buy more when the BTC price is down; however, it was more likely that normies are going to do way worse in their BTC accumulation (and therefore future profits) if they fuck around with trading... beyond maybe some minor attempts to buy more during dip periods...and erroring on the side of mostly just regular and persistent buying and accumulating of BTC and increasing their wealth (or likely wealth) through such ongoing, regular and persistent accumulating/buying efforts.

I think buying more Bitcoin during a dip period shouldn't be considered as trading, even though that is what it is in practice, but also since accumulation is done occasionally, it cant be referred to as passive trading since a buyer may not even take note or try to take advantage of any leverage, all a holder does is to make a new purchase at internal unlike like passive traders, who are engaged with the market constantly and this activity reflect the activeness in day to day trading.

Of course there are degrees in which some of us might attempt to time the market or to attempt to buy more on the dip or to buy less because we expect a dip to come in the future (that may or may not happen), so in that regard, there can be variance in terms of how much we end up attempting to strategize buying dips, which might not exactly be trading, but it is a kind of behavior that would deviate from a more strict practice of DCA buying that would not be so much concerned about whether a dip is happening or not.

Surely a more strict kind of trading would be to be selling BTC because you have a belief that the price is going to sufficiently drop lower in order that you would be able to buy back more than what you previously had (prior to your selling), and there are various ways in which selling can occur in terms of how much of your BTC portfolio that you might sell, how much of a dip that you would expect to experience before buying back, so there could be some variations of selling on the way up that might not really fit into traditional ideas of trading because at the time that you sell you are not expecting to buy back at lower prices, and maybe you end up selling lower amount or maybe you do end up using some or all of that money to buy BTC back because the BTC price ended up dropping.. but at the time that you sold, you were not selling for the purpose of expecting to be able to buy back at lower prices.

I tend to believe that it is not good to sell BTC with intentions to buy BTC back lower unless you get to a level of profits that causes your behaviors to be profitable no matter what you do, and in those kinds of cases, you have already reached a certain (high) level of BTC accumulation that you have a lot of options - which might not really be the case for anyone in their earlier stages of BTC accumulation and maybe that they have not even saved up a whole year of salary (in BTC) so they are hardly even close to having any kind of meaningful size in their budget in order that they should be feeling that they have a lot of options... and surely, guys (and gals) will vary in their determinations regarding how much BTC they feel that they need to accumulate in order to feel that they have a lot more BTC portfolio management options that might include both buying and selling with goals of BTC accumulation or whatever it might be that they feel their goals to be in terms of if they feel that they are mostly in BTC accumulation stages, or maintenance or liquidation.. and whether those different stages might trigger at 1x annual salary, 10x annual salary 25x annual salary or at some other point (possibly a higher threshold).... It seems to me that if guys (and gals) have not even accumulated 1x or 2x their annual salary, then they are likely not in a good position to be selling any of their BTC until they reach much higher levels of BTC accumulation.. and sure my opinion is likely to vary from the opinion of others on this matter in terms of where the threshold of sufficiently high enough BTC accumulation is enough...

I already mentioned in a previous post that in traditional asset evaluation circles, you likely need somewhere in the ballpark of 20x to 30x your annual salary to get to entry-level fuck you status.. and so getting into entry-level fuck you status might well be a reasonable goal for some people.. that could affect how they view their BTC accumulation or maintenance (management) in order to strive towards giving financial freedom (or at least financial options, if that might be part of what is sought).