Quote from: Litzki1990 on Today at 06:58:36 AM

Quote from: JayJuanGee on Today at 05:55:28 AM

doubt it is a great idea to fantasize cashing out of all of your BTC, because even if someone were to have had accumulated thousands of BTC in earlier days (let's say 2011 or 2012) for relatively low prices, s/he could still cash out fractions of his/her holdings at various UPpity price points, and still feel quite well and in a good financial and/or psychological place and still perhaps have a lot of his/her BTC stash.. maybe even have 60% or more of the original amounts.. so there really should not be any needs to cash out high portions of a person's BTC stash, especially if s/he had either bought a lot of BTC in earlier days or just had been building up a lot of BTC over time.

If we can hold on to Bitcoin during the bad times of Bitcoin, then why should we be in a rush to sell our Bitcoins now? Now there is no question of selling bitcoins. I think now is the best time to hold bitcoins instead of selling them. For those who think they should sell half a percent or one-third of their total investment, I would say since you have been patient for so long, you should be patient some more because holding this will do an investor a lot of good in the future.

I think that it is difficult to proclaim what people should do merely based on expectations of BTC price performance, especially if they had been in bitcoin for a longer period of time, then they may well have already set up some practices and/or parameters for selling their BTC, so largely both of us are attempting to respond to a longer-term scenario where kingvirtus09 had presented a somewhat vague scenario in which s/he seemed to be suggesting that a longer term BTC holder might have had sold many or most of his/her BTC during various past BTC price upswings, and I was merely off-setting such proclamation in a way to suggest that there could be scenarios that a longer term BTC holder might just be selling BTC at any price and at various points of BTC price appreciation with ONLY small attention to the extent to whether we might be in a bull market or a bear market, but at the same time, personally, I am with the idea of selling on the way up rather than either selling on the way down or even overly selling BTC with expectations of abilities to be able to buy back.

At the same time, anyone could get into areas of mistakes with his/her BTC portfolio management and end up feeling needs to sell more BTC at various points in time based on some consumption/investment needs .. but then if someone may well have had entered into BTC in 2011 or 2012 (and purchased thousands of bitcoin during that time), there should be a lot of ways to mostly emphasize accumulating and HODLing but still be able to sell BTC at various points in time, to profit stupendously and without overly selling such BTC so that by now, such person may well still be able to have 60% or more of his/her original holdings and still be rich in terms of BTC and/or in terms of fiat... even if such same person might not have had been very rich when coming into BTC.. and maybe even having an initial BTC investment that was below $10k during the period that more aggressive BTC accumulation was happening.. and in this case considering the 2011/2012 time period as the entry period.

Quote from: Litzki1990 on Today at 06:58:36 AM

I hold bitcoin so deeply I could have sold my investment when bitcoin went to $65k if I wanted to but I'm waiting for better times.

I getting concerned about getting too deeply into BTC portfolio management theories that involve selling, but surely several times, I had already mentioned concerns about guys selling any of their BTC with expectations of buying back lower rather than when they might be selling BTC at various points along the way in order to take profits and/or surely to potentially set up a kind of insurance fund that does not presume any abilities to buy back lower.

In other words, sometimes some of us have options to go either way when there is some kind of a price peak that brings out investment up 6x to 10x to 20x depending upon when and how such price appreciations might be measured. There is no real correct answer exactly, but there still can be ideas of not selling too much whether you are in early BTC accumulation stages, mid BTC accumulation stages or even late BTC accumulation stages, so part of the difficulty of selling prior to reaching your BTC accumulation target is because you likely are going to feel like you are spinning your wheels if you sell some but then at the same time you are continuing to buy and there is really no way to have high levels of confidence that merely because you sell on the way up that the BTC price might not continue to go up and then you are stuck in a kind of dilemma of buying higher than the price that you sold.. which might not be completely wrong, but it puts the BTC accumulator in a kind of psychological and financial dilemma that is way less pure than a BTC accumulation strategy that mainly just focused ongoingly on BTC accumulation until reaching levels of BTC accumulation that are perceived to be near, at or exceeding personal BTC accumulation target levels.

Quote from: Litzki1990 on Today at 06:58:36 AM

I may have felt a little bad when the market fell from $65k to $17k, but my bad feeling didn't work when I comforted myself with the hope of better things to come. I deeply hold my investment and will continue to do so surely this investment will never let me down.

I cannot recall if previously you had disclosed some of your personal details in regards to your BTC accumulation timeline, but even if we go by your forum registration date as a ballpark idea, by the time 2021 was coming you would have barely been entering into being in BTC for one whole cycle, so on the surface it is difficult to presume that you would have been in a position to be fucking around with selling.. unless you had front loaded your investment quite a bit in the earlier years or maybe in the 2018-2020 period, but many times people neither have those kinds of lump sums to be able to invest and frequently, even if they may well happen to have decently lump sums that they are able to invest (or variations of being able to front load their BTC investment), they still may have psychological difficulties to put a lot (or to overdo their BTC investment) all at once in order to then be in a position in which they are benefitted by shaving off some of that overdoing on the way up.. and yeah, I know it starts to sound as if I am getting too much into talking about trading, but there still can be ways of considering BTC accumulation that does result in a kind of front running of the BTC investment and overly accumulating to have more liberties to shave off some BTC mostly based on being overly extended.. which also ends up being more of a kind of gambling with your BTC holdings, but it still does emphasize buying techniques in the spirit of their thread.. and I think NOT really considering trading, even though surely I might be starting to split hairs in the way that I am attempting to present these ideas.

Quote from: Litzki1990 on Today at 06:58:36 AM

All of a sudden the Bitcoin market is from $25000 to $36000 so at this time many people are confused to invest again but at this time I am investing again. Whenever I have money I invest it in Bitcoin instead of spending it on other things and increasing my investment. The market movement seems positive to me although it is uncertain which direction the market will go but I am waiting for a positive change in the market.

If this is not positive, I don't know what is. We have seen bitcoin go into this kind of punishing mode (a kind of ongoing UPpity) without any meaningful correction for a long time, which is largely punishing the shorters, the shitcoin pumpeners, the bitcoin naysayers and the no coiners, low coiners and fence sitters. Sucks to be anyone in those categories who had largely failed/refused to sufficiently and/or adequately prepare themselves (especially their finances, but still some psychological components) for UP.

Quote from: Litzki1990 on Today at 06:58:36 AM

I will definitely hold my investment deep till the time I plan to hold it deep. No matter how much the price of Bitcoin goes down or up during this period but I will not sell my investment, I will sell my investment at the end of the specified period.

That is a bit vague, but I believe that I understand what you are talking about, including that you have a kind of timeline target rather than a specific price target, yet sometimes bitcoin could end up changing some of your timeline targets, so let's say for example, you got into bitcoin in your late 20s, so now you are in your early 30s, so were considering that you want to retire around the age of 55, but if things were to go really well, you would just retire early in your early 50s or in your late 40s, so the more that you change the dates, and the earlier you decide to retire, then the more that you have to make sure that your finances, including but not limited to your BTC investment is in a solid place. I surely believe it is possible to make these kinds of plans that include attempts at a base case scenario (a scenario that you consider to be the most likely to play out) but also attempting to account for potential better case scenarios and worser case scenarios in order that you are prepared for if your base case does not exactly play out but things go better or worse than your base case scenario. And for sure, you are not locked into your base case scenario, because your base case scenario changes with the passage of events.. it would be foolish and likely short-sighted to stick with a base case scenario that does not adapt with actual world happenings.. so if after 1-5 years at various points you are reassessing the progress of your plans, you may end up having to tweak at various points from time to time in an attempt to adequately account for where you are at versus where you might have had expected that you would be, and surely there will be movement in both directions, but frequently there may be a bit of boredom in such assessments because maybe you are largely within a 10% or so range - either direction of your base case scenario, so no real and/or meaningful tweaks need to be made during those assessment timelines.

Quote from: Wind_FURY on Today at 01:40:39 PM

Quote from: Dimitri94 on Today at 06:07:56 AM

Quote from: FinePoine0 on Today at 05:16:42 AM

The price of Bitcoin is only going up immediately so holders who hold Bitcoin early on are currently the most profitable. This is the main result of long-term investment, so if you can invest in Bitcoin now, Bitcoin halving is definitely ahead. Bitcoin halving is a four-year cycle in which the price of Bitcoin increases dramatically every four years.

The market is now bullish so many may be encouraged to invest in Bitcoin. But the lesson we get in this thread is that it should not be used as a tool for temporary gain. Bitcoin may go up for a while but there is no guarantee that it won't go down again. An investor should have a long-term plan when investing in Bitcoin to avoid short-term volatility. Moreover, long-term investment has the highest investment potential from Bitcoin.

Quote from: FinePoine0 on Today at 05:16:42 AM

Quickly those who want to invest in Bitcoin should start investing in Bitcoin very quickly. If you can hold Bitcoin till 2024-25 then there is definitely a big bull market. And this bull market is very likely to see the highest Bitcoin price increase. So if you want to invest for a longer term, you can definitely invest in DCA method and become self-sufficient.

It is definitely a good decision if you start accumulating bitcoins at this point , there is a higher chance of making profit. Since Bitcoin is a good medium for long-term investment, DCA is definitely a better decision to accumulate Bitcoins for the long-term which can be more effective in growing your portfolio.

I believe both DCA and waiting for a DIP/discount are good for HODLers, but my preference goes to waiting for a DIP/discount because, personally, it's more important for me to buy as much Satoshis for my fiat. Currently, someone could average a profit if a person bought from ATH during 2021 up to today for $10.00 DCA everyday. That's definitely good if the person wants to count how much his/her Bitcoins are in Dollars first and in Satoshis second.

Yeah, but right around a month ago, when we were in the $25ks and $26ks, you were proclaiming that it was a good idea to wait for a dip and you were even getting quite pushy about your level of confidence.. so surely you might have had been doing the right thing for your own personal situation - especially since you been in bitcoin for more than 7 years now, but surely not a good position for someone into bitcoin only a few years and who may well be in his/her earlier accumulation stages.. hopefully not too many low coiners and/or no coiners who are active in this thread got screwed too much by waiting for such dips that seem like they are not going to happen, especially since we are now in the ballpark of $12k up from those earlier price points (within the last hour current prices have touched upon $37,750) .. and we could even experience more UPpity from here, prior to any correction..

Quote from: Ojima-ojo on Today at 02:22:14 PM

Quote from: Obim34 on November 08, 2023, 09:31:49 PM

Quote from: Hewlet on November 08, 2023, 02:52:04 PM

it's funny that some persons will wait for moments when they see bitcoin price going up before the thought to invest in bitcoin comes to there mind and like you rightly pointed out, bitcoin price can go up and then up, up and then down, down and then down and so on. so you can't just predict that because it is going up now , this is absolutely the time to invest into bitcoin and when you see the price going down you retreat from your plan on making the investment. It means that if you even successfully make the investment, you can't hodl your bitcoin because in the event of any fluctuation in price, you will let go of your investment.

Real investors sees the prospect of bitcoin and invest a certain amount and leave it for quality amount of time while he monitor the price without getting seriously moved by any fluctuations in price that comes along the way.

It's quite funny how some people apply their strategy in accumulating Bitcoin, in the first place why would I prefer to buy Bitcoin when the price is making its way to the top instead of purchasing when the price was much lower. When the price is lower I can make a bountiful profit than when the price is in the bull run, meanwhile there is very strong assurance that Bitcoin must surely make its way to the top.
It is right time we acquire some certain knowledge and apply them, everything goes with planning and strategies, we don't just wake up and decide to invest without studying what is involved in it.
It should be in our utmost plan that when the price is at the DIP or anything less than the last ATH it is a very good time to buy more even if a person is on DCA it still doesn't matter

The choice to buy is made based on an individual conviction and mindset, and not based on Bitcoin price, because the price you think is high may be a low price to the other person and for that, he prefers to buy at that price in other not to miss out of the present market sentiment, so bitcoin accumulation is a sentimental journey so for that, i won't make any assumption on why some bitcoin investors choose to buy more Bitcoin when the price is already making it way to the top, and no trend last forever so if the investor dims it fit to buy into Bitcoin at that price so be it.

But as a knowledgeable investor who may have had long-term experience in the market, it will be a wise DCA approach to accumulate more bitcoin only when the price is at the discounted level and to avoid DCA when the price is high because a high price should be best used for cashing out profits, and not to open any buy position.

If you been in bitcoin for a while, then you have the luxuries of adjusting your DCA in the ways that you suggest, but if you are brand new to BTC, you may well need to accumulate BTC at whatever price exists and be prepared to ride out the waves for several years before your BTC are in profits.. one of the difficulties of new entrants into the BTC market, they likely need to get the fuck started, even if the BTC price might be up, or on the way up, because there are no real ways to know, but there still can be ways of attempting to be more conservative on DCA amounts when the BTC price has ripped a lot in recent times, and so some common sense could be attempted to be applied, but people getting into bitcoin during ripping periods are left with pretty BIG ASS dilemmas, especially since we can never really know whether the BTC price will correct, even if it had previously gone up seemingly very large amounts.