HODL does not mean "hold on for dear life"
That was some no coiner gambler who came up with that characterization of HODL in order to wrongly imply some level of gambling and/or panic/stress that a HODLer needs to have."<<<<<<<
I wonder where they got the idea from that holding means "hold on for dear life" I mean how did dey arrive at this conclusion, though we know bitcoin is more of long term holding but how can someone hold bitcoin without having a plan from the start or along his/her accumulation journey, they say " if you fail to plan you plan you to fail" so a holder without a goal to achieve with his/her bitcoin by the end of their accumulation journey is either making investment for their children/next of kin, that is if they have his mnemonic phrase and private key or they are just making investment to keep the system running if anything happens to them.
so the person is feeling pretty good about having had accumulated a whole bitcoin in three years, but feeling pretty bad because s/he had invested way more than expected into bitcoin as compared to the rest of his her investment portfolio
I don't think over accumulating bitcoin even after setting an accumulation target should make the person feel pretty bad because, having such a great bitcoin portfolio is the dream of many investors,
Hahahahaha You are fighting with the hypothetical. I was attempting to describe the rationale of a person who had gone through three years of investing and maybe even invested twice as much as he told his spouse that he was going to invest, so for whatever reason, he is feeling bad because he was so obsessed with reaching a 1 BTC target that he ended up neglecting other things in life.. This is a fictional situation that I create, and sure I am trying to be somewhat real in the creation of the scenario, so I doubt that it is a good idea to fight with something that I kind of made up to try to put someone into such an overaccumulation position/dilemma while also trying to make it relate to current BTC price performance and/or facts about the current BTC market.
both new and old, it should be consider a privilege because your having 1 complete original coin. Slowing down would be the worst option, why would any one reduce their bitcoin accumulation for any shitcoin?
I was not saying that this hypothetical guy got into shitcoins, but instead I said that the guy stopped buying BTC every week and he ended up accumulating $2,100 in the last month and a half .. and so yeah, maybe it was a bit rash to sotp buying BTC, and maybe I could have come up with some other kind of circumstance in which the guy no longer had the cashflow or something like that, but I do think that sometimes guys will get themselves into situations in which they feel that they need to stop DCA, and maybe the better solution could have had been to cut his DCA in half, which is something that I mentioned that the guy would be considering in comparison to some of his other available options, that I also mentioned his current thinking on the topic of taking a break between $24k and $60k... at least for now. .and having had also considered a potential 6 month break, but maybe he could resolve the matter after a mere 2.5 months. .which is where such hypothetical person is at currently... 2.5 months of taking a DCA break and allowing cash to accumulate.