For those selling on the way up, I would also consider selling smaller amounts, and never going 100% fiat (which means never going completely out of BTC), even if there might be some who will choose to sell large amounts of their BTC on the way up.
My own personal strategy is to sell ONLY a small percent for each time that the BTC price goes up (so I am selling even less than .5% for every 10% that the BTC price goes up.. .. even though there are some folks who have recommended selling 10% for every 100% that the BTC price goes up, such as in:
Rpietila's (Risto) 2013 Thread entitled:
(SSS) - A Sane and Simple bitcoin Savings plan Exactly it is not nice to sell all the BTC and empty the coins in your BTC wallet and as that you are not a Bitcoin holder but a Fiat holder on Millionaire or Billionaire. Then later the person would be struggling to buy Bitcoin again and start from the beginning again. Instead as JayJuanGee said, selling a unit to solve the immediate problem is the best way to be a good holder of Bitcoin. Because there are some time that you might need BTC to solve issues online and if you don't have Bitcoin at that time, you would still buy again, to the transaction so it is better you sell small and keep the rest for future use.
I have been a
bitcoin Marxist for a while now and up until this point,
I was a little bit confused by your use of the term "bitcoin Marxist," but when I read further through your post, it seems to me that you meant to say "bitcoin Maximalist" not "bitcoin Marxist."
In other words, you seem to be focusing on bitcoin first, and considering bitcoin as the better of the investments (as contrasted with getting distracted into various cryptos.. or shitcoins... yet in the part quoted from me above, I am trying to refer to trying to engage in practices that do not necessarily involve selling your BTC unless you have reached a certain level of BTC accumulation in which you can comfortably start to feel comfortable selling some of your bitcoin when it reaches certain levels of profit, but still mostly maintaining a lot of your bitcoin stash rather than selling it.
I have not sold any of my Bitcoin holding and that os because I have a long-term investment plan and Bitcoin is my sole asset and I know in the next couple of years to come to Bitcoin will still be cheap and affordable but we can say what becomes of Bitcoin in the next 5 - 10 years ahead and if all thos being equal at that time
Yes... even though profitability is NOT guaranteed, but still if we have a decently long investment timeline, it may well be the case that we are able to profit quite stupendously from a philosophy and practice that largely involves ongoing and persistent stacking of sats.. which are likely to become much more expensive with the passage of time.. especially if we are considering many years down the road, whether that is 5-10 years as you mention or perhaps a bit of a longer timeline, if you are able to have such a potentially longer timeline.
Bitcoin may become a little out of reach for small cash holders.
I believe that it is not good to proclaim that people are not going to be able to buy bitcoin in the future or that they will not be able to afford bitcoin or that bitcoin will not be a good investment in the future.
It seems that the fact of the matter is that bitcoin is designed to pump forever.. (or go up in value forever), and even though it is likely going to cost more money in the future to buy the same amount of sats that we are able to buy today, it still is quite likely to be available for anyone to buy, even if they are likely going to have to pay more for it in the future as compared with how many sats they are able to purchase today with the same amount of value.
In other words, it is likely always going to be a good thing to invest in bitcoin, whether now or in the future, especially for anyone who happens to be a no coiner or a low coiner, even if it is going to cost more money for them to buy sats the longer that they wait, and sure some people are currently not able to buy BTC because they are too young, they do not have income or maybe they have not been born yet, and those people are still likely going to want to accumulate bitcoin in the future and to attempt to hold bitcoin as compared with other places that they are going to be able to place their value (their time, their energies, their finances).
But if I continue with my current Bitcoin accumulation practice, at that time when Bitcoin will become out of reach I will be in good profits and at that time I will either sell a little amount and continue to hold the remaining Bitcoin for as long as possible since bitcoin has become my saving mechanism against fiat and it inflation ratio increase yearly.
Those all sound like good plans - because it is quite possible that if you have been accumulating bitcoin for a while, then 5-10 years down the road, you are likely not going to be able to accumulate as many bitcoin as you have already accumulated (or that you are in the process of accumulating currently). I find that with myself too.. I had accumulated some bitcoin between 2013 and 2017, and I even used to buy bitcoin in 2015 with some extra cashflow that I would get.. for example, I might get some extra cash like $100 that came to me based on some kind of a good that I sold and/or a service that I had provided, and in 2015, I would take that $100 and I would buy $50 worth of bitcoin, and use the other $50 for living expenses.. so that $50 would get me 0.2 BTC (because BTC were around $250 during most of 2015).
It was not easy for me to buy bitcoin in 2015, because the BTC that I already held (that I mostly bought in 2014) were actually in the negative through much of 2015 (since my average cost per BTC was around $550 through much of 2015), and there were several people (no coiners.. I am not even sure if there was such thing as a low coiner back then... hahahahaha).. telling me to sell some BTC and/or not to buy anymore BTC because they thought that bitcoin was not a good investment and likely to continue to go down in price. Those people are surely regretting that they did not buy BTC in 2015, and some of them have still not bought bitcoin... so it can take a while for people to figure out that it is good to buy some bitcoin, and if they are skeptical about bitcoin, then maybe they just buy a smaller amount of it, rather than failing/refusing to buy any.