Quote from: JayJuanGee on September 30, 2023, 04:33:00 AM

Quote from: Iranus on September 30, 2023, 02:52:43 AM

Quote from: JayJuanGee on September 29, 2023, 04:05:09 AM

Quote from: Iranus on September 29, 2023, 02:53:27 AM

Because my sell target is still the new ATH, as long as the price remains below my sell target, I will buy without worrying about the price.

Hopefully you do not end up selling too many BTC too soon, and a lot of BTC HODLers have learned to modify how much they plan to sell.. and sometimes they move down from their ideas of selling 100% to selling 50% and then sometimes they realize that maybe they should not sell any more than 20% to 40%.. so there can be some variation and even some decisions to cut back on the idea of selling - especially since many times the previous ATH is not really a place to sell.. it is known as a kind of deadman's zone in which the BTC price tends to pass through.. of course, no guarantees...and maybe that is why sometimes folks end up selling too much of their stash at previous ATHs but then the BTC price does not end up revisiting those previous ATH prices when it drops back down.. your milage will vary for sure.

I see people setting a sell goal of $100k for the next bull season, but I have a higher target because I believe the upcoming bull season will be a super cycle. Furthermore, I will only sell when the price reaches the target, I will not rush and excitedly sell the majority of my bitcoin just because it surpassed $69k, which was the old ATH. It may be high compared to many, but I believe bitcoin will be able to reach $150k-180k in the upcoming bull run and that is when I will sell my bitcoin.

In case bitcoin fails to achieve that target, I will continue to be a long-term holder for next season. That's why I decided to choose DCA monthly and not worry too much about the price in the short term.

I feel as if I am repeating myself, and I know that we are not talking about selling in this thread, but sometimes there seems to be some need to make a point, which you keep talking about selling all your bitcoin which and then you talk about holding after that which largely seems to mean that you would sell and then try to buy back later.

Let's say that a hypothetical person got into BTC in early 2016, and such person had a salary that when from $10k to $30k in the past 7 years, so if such person had not made too many other investments, maybe such person had made some mistakes along the way, but maybe ended up accumulating 2 bitcoin.... so it could be possible that such person never sells all of his/her bitcoin but instead maybe shaves off 10% of his/her then holdings at various points in time.. at $100k, at $150k, at $250k.. .. so even if there might be questions of BTC price direction, the amount of BTC that is sold is less than the profits that had been made in the integers.. and surely you could look at 2 BTC and you could say that from $30k to $100k the profits had gone up $70k per coin, so a total of $140k for that price move, so if there is a decision to sell 50% or less than the profits, you will never run out of bitcoin and you will still be able to skim off pretty decent profits to either be able to buy back if the BTC price goes down or just use such value for consumption purposes.. .

yet, I still would suggest that if you are still in accumulation stages, then it is problematic to be selling too many BTC on the way up and expecting to be able to buy back lower.. but if you think you got it all figured out regarding when to sell and when to buy back that is up to you.. and I think that I probably have already deviated enough from the topic in terms of talking about selling ideas, since this thread is not about it and I still think that conservative selling on the way up if any is still somewhat potentially somewhat still aligned with ideas and accumulation focused theme of this thread.

Thank you for your helpful advice, I will take the time to review my investment plan. You're right, the discussion is straying from what this topic is about, and selling is not appropriate to discuss too much here. We should focus on Buy DIP and HODL, this is the main content that needs to be discussed further in this topic.

Quote from: gabbie2010 on September 30, 2023, 12:34:00 PM

Personally I think a little knowledge in candlestick patterns would help in the long run if a trader or investo ...

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