Sure if you have long term investment ideas, then you would likely not be selling any of your bitcoin now, but I doubt that the reason would merely be because you expect profits to be guaranteed in the future, but instead that you had made your investment into bitcoin based on a long term investment thesis and you are not merely thinking about short term profits.

On the other hand, if you come into bitcoin and you do not have solid ideas for what might be your investment thesis, and you might not even know why you like bitcoin except for thinking that it could make you some money, then you likely would be more inclined to sell at various points along the way, and you might not really realize that you could sell in increments, but instead you think about either being in or out, and so it could look very attractive to get 40% to 60% profits in less than a couple of months.


It tends to be a better practice to already have your financial matters in order before you are investing into something like bitcoin, and it may well also apply to a lot of other investments, yet some times people do not plan their investments very well, so they could come across emergency financial circumstances, yet many times those supposed emergency financial circumstances are more likely due to poor financial planning rather than actual financial emergencies.

Another thing, if you sell, you may well be able to buy back in, but you may end up buying back in at a much worse level.  There are quite a few people who sold decently large chucks of their BTC at various points in their bitcoin investment journey and there is almost no way that they can get back to the level of BTC that they previously held... but sure, in terms of dollars, they still might be able to put in as much or even way more than they invested into BTC, but still not get close to the same quantity of BTC.

Even take a fairly basis example of someone who may had been accumulating BTC between 2016 and 2020, and maybe they had some higher priced purchases and some lower price purchases, but overall they had an income in which they could only afford a bit more than $100 BTC per week, so in four years, they were able to invest around $24k and they were able to accumulate around 3 BTC, and so their average cost per BTC is around $8k.  So even if they might have sold some of their BTC at various points in the last few years, and if they are now down to 2 BTC, but they still ONLY have an income in which they are able to buy $100 or maybe $200 BTC per week, they might need more than 10 or 20 years to be able to re-accumulate that 1 BTC that they sold.. depending on what BTC prices do from here forward.

You (Litzki1990) seem to be presuming that the BTC accumulator has accumulated "enough" bitcoin.


It does feel good for any of us to feel that we have a cushion in our investment from our costs per BTC, so the higher we get above our costs per BTC, the more comfortable that we become, but it still can get to be quite frustrating to feel comfortable, even if we have a profit cushion, especially during periods of extensive BTC price dips.. or sometimes we can get frustrated if the BTC goes up.. like now and then it doubles, but then if it ends up getting stuck in a range for a while or even has a couple of 30% to 50% dips along the way, and even if we are still in profits, we still get frustrated from the dips (or the failure of the BTC price to go up).


Can't argue with that.


You are starting to sound as if you are past your BTC accumulation phase Litzki1990, but I still have my doubts that you are that far along, based on your previous posts and your registration date.  Another thing is that there can be a period in which we are starting to feel as if we have enough BTC, but it does not hurt to continue to accumulate BTC, even if we might run into situations in which we cannot accumulate a lot of BTC, we still feel that we mostly have enough BTC in order to be prepared for upside to happen, but if such upside does not end up happening in the near future then we will either just continue to accumulate BTC at a regularly consistent pace, or we might even slow down in our BTC accumulation pace and still feel like we largely have enough BTC.


Part of the problem, is that you do not necessarily know if you will still be able to accumulate as much BTC under each of the strategies.  Sure you might end up investing the same amount of money, but you might not be able to accumulate the same amount of BTC, so frequently, each of us has to decide within the means that we have available, and sometimes we might not even have lump sum available to us, absent having to take out a loan or otherwise put our finances in stress in order to accomplish lump sum... but it still does not mean that lump sum is a bad idea even if carrying out lump sum might end up in certain kinds of tradeoffs, such as financial/psychological stress or even potentially not having as much cash available to buy on dips if dips were to occur after the date of the lump sum injection(s).


I would and I have characterized MSTR's strategy as a form of DCA... because they buy regularly and aggressively with whatever cashflows that they are able to muster up and they pretty much buy at any price... Sure they might be employing a bit of lump sum buying and strategizing about dips, but their regular way of buying that is mostly based on their own cash available is largely a DCA kind of an approach, even if the amounts are larger and somewhat seemingly inconsistent in terms of the amount... but they are mostly consistent in terms of buying pretty steadily for the past nearly 3.5 years.  At some point, we might conjecture that they have enough BTC, but they seem a bit maniacal in terms of their ongoing desire to continue to buy BTC...and they even stated that they are going to continue to buy BTC even if it goes up in price.. which also seems like a DCA approach in terms of whatever they are doing.