Quote from: Aanuoluwatofunmi on Today at 09:33:36 PM

Quote from: JayJuanGee on Today at 07:29:40 PM

Quote from: Aanuoluwatofunmi on Today at 07:21:02 PM

When we invested in bitcoin, we are expected to know that the target time we may plan for the release may not work in line to been favourable for us to sell especially when the market dips and we have already targeted a precise month for sell, there are many experience some had been through in this regard, since knowing that bitcoin is not a market we can predict the outcome of the future market value at any certain time, we must only try to hold for as long as we are capacitated enough to endure till we have every reasons to release when the market becomes favourable on us to sell at a good rate.

Sure there is nothing wrong with having ideas for selling, but that's not the topic of this thread.

This is not the "all things bitcoin" thread.

It has a specific topic and a specific emphasis.. and so even though the topic is not about DCA, DCA is directly another kind of way to go about accumulating bitcoin which would be part of the reason for buying dips and HODL...

sell is the other direction.. and meandering away from the topic, even though surely people think about those kinds of things when getting into bitcoin, and I specifically recall when I first got into bitcoin I wanted to make sure that I had at least one or two potential off-ramps, even though I was not sure if I was going to end up exercising such off-ramps, it was good to know that they were available.. just in case.

A similar thing could happen when buying and buying and buying. There could be some points in which we might get uncomfortable in the sense that we might have bought too much (in terms of our own financial and/or psychological circumstances).

Thank you and i got your points here, when we are investing, it also matter on the pattern we use in accumulating, we should consider holding as more important after which we would have set the target of buying when the market is more favourable to get in, i also got your idea that it's more interesting to concentrate on buying and holding than we could give much priority to selling just as the discussion goes, it's not also about buying alone, but when to buy and hold, we have the right focus on what we are holding to the very best of our advantage althrough the period if we buy low and hold for some time, ofcourse it's a very good idea if the use of DCA is what we could adopt to make this entry each time we are buying.

It seems that when the target is long term investing, then there might be a kind of underlying preference in regards to thinking of the underlying asset (in this case bitcoin) as something that you are figuring out how to continue to build, so you do not centrally build by selling, even though you might be able to engage in some kinds of BTC portfolio or size of allocation into BTC management through some small amounts of selling, but that still would not cause you to get too far from the overall sentiment of this kind of a thread which involves considering BTC as ongoingly valuable - because many times people do not really have any clear examples regarding where to put their value, except maybe for temporarily riding the BTC price swings in order to get back into bitcoin, and so even those ideas of trading are contributing towards considerable deviation from the thrust of the this topic too.

I like DCA as amongst the better of methods, if not the best method... except once you start to accumulate more and more BTC, then there may well be some value to engage in more buying on dip practices or lump sum investing practices rather than DCA practices.. s then the questions regarding how much BTC that we might have in compared to other assets that we have as compared to what is our annual salary all likely become relevant in terms of considering where we are at and what kinds of methods that we would like to employ in terms of whether we might still be highly in an accumulation phase or getting more into some kind of a maintenance stage, and further, if we realize that we are looking at 5-10 years down the road for wanting to start spending some of our value, then we might already figure that we are closer down the road as compared with someone who might either not be clear about how many BTC that s/he might need or maybe also whether they might be considering even longer timelines of 20-30 years down the road... and sure it sounds funny to talk about bitcoin in terms of 15 , 20 or 30 years down the road, when bitcoin is barely just getting into turning 15 years old in January... but maybe even feeling younger than that if we might be considering the extent to which it may have ONLY had monetary value for a bit more than 13 years.