Quote from: JayJuanGee on Today at 03:56:33 PM

Quote from: Odohu on Today at 02:07:26 PM

Quote from: armanda90 on Today at 04:55:56 AM

I am still trying accumulate $20 Bitcoin in daily day trough price under $30,000, my planning until Bitcoin raise to $50,000 stop accumulate and take profit since one years spent few percent of my salary spending to invest in Bitcoin. In my environment have tradition with saving money called lottery club or "arisan" and each time of duration have more than 20 until 30 member, each member will get their fund in next ten days later which spending from 10$ until $20 in daily day and take more than one or two years duration for every one getting their saving fund. But I change my mindset than holding with fiat get potential inflation in the future, I try with accumulate Bitcoin and not stopping yet until bitcoin one day later back up above $50,000.

Its bitcoin still on the dip and as much possible accumulate and keep holding until one time selling our Bitcoin assets in the higher price,

This strategy is good;it shows you have a plan in place. The only thing I would have done differently would be not to sell all at $50k because there is very high chance that once Bitcoin reaches $50k, it will pass the ATH of around $69k with target around $100k. So you will be loosing decent amount of money selling at the price you planned. What you should do is to liquidate part base on your needs and leave the rest to run.

Quote from: JayJuanGee on Today at 01:28:16 PM

Quote from: armanda90 on Today at 04:55:56 AM

I am still trying accumulate $20 Bitcoin in daily day trough price under $30,000, my planning until Bitcoin raise to $50,000 stop accumulate and take profit since one years spent few percent of my salary spending to invest in Bitcoin.

Regarding your plan to take profits at $50k, that surely seems short-sighted to me, and sure people can do whatever they like, even if they are likely selling too many BTC too soon, failing to understand and appreciate the value of having had spent a decent amount of time accumulating BTC, likely putting too much value in terms of the fiat price appreciation, and failing to consider a longer term investment time horizon that may well be 4-10 years or more into the future... and even 4 years is a pretty short period of time, but could be acceptable for some more elderly people or people who might otherwise be in phases in their lives in which they might not be able to accumulate and they are either in maintenance or liquidation stages of their lives.

At the pace the world is going, fiat is seriously loosing value and at alarming rate. My country's currency was recently devalued and this lead to huge inflation and economic woe for a lot of people. Those who thought they were smart by saving for the future through fixed deposits have lost more than 60% of the value of their money even when there is gain in the quantity while those who bought Bitcoin are in huge profits already with the value of their investment tripled within same one year interval.

The need for people to start shifting from fiat for something more reliable and sustainable like Bitcoin can never be over-emphasized.

Yesterday, in another thread, I made a post about 4 hypothetical HODLers, and my suggestion in that post is that it is problematic for the hypothetical holders to be selling too much of their BTC too soon, and out of the 4 that I described, it seems to me that ONLY the 1st one was really in a position to be possibly selling some of his/her BTC stash, and sure of course, each person has to decide for himself/herself in regards to the extent that they believe selling BTC is a good idea for them, even if the BTC price may well end up surging in the short term, how are they going to know that they did not sell too much BTC too soon and screw up their own BTC accumulation strategies because there might be erroneous ideas that the BTC price is going to correct back down and it might not correct back down.

Part of what I make out of your post in the other thread is that there are chances of Bitcoin moving from $50k to $1.88 million; How did you arrive at those numbers? Furthermore, even though I believe such is possible,I am still struggling to grasp the rationale for such huge growth and the time duration it is expected to be achieved.

Nevertheless, if that happens, that means we would have seen Bitcoin fully sited in the mainstream as a legal tender and the use cases will just be indispensable.