and HOLD BTC is the action you should choose
As believers of bitcoin, the most important lesson we were all given was how to become long-term holders of bitcoin in order to become profitable investors. If we can accomplish that, our bitcoin holdings should have generated returns for us in the future, depending on the duration of our bitcoin hodling decision(months, or years).
If you invest in Bitcoin for the long term, you will benefit the most. Because the only long-term hold on Bitcoin is the investor will be successful. So if a person wants to be successful in life, he should invest in Bitcoin for long term. Because I am waiting to get my success full from Bitcoin.
In Bitcoin you will find success in life if you can make a long term investment with difficulty in the beginning. Only the beginning has to have the ability to take such risks.
Investing in bitcoin in the long term will indeed be very profitable. Because it's not just a story or fantasy, but a lot of real evidence, that bitcoin investors who managed to control their emotions and managed to hold bitcoin until the price was high, were ultimately able to reap huge profits. Therefore, investing in Bitcoin in the long term is indeed the right thing to achieve maximum profits.
Currently, many of us definitely hold bitcoin, maybe some have a goal of holding it for a period of 1 year, 4 years, or even 10 years. But I assume there are many bitcoin investors who will quit (sell) in the next bull market. Due to bitcoin's 4-year cycle (halving) and subsequent bull market, it has become something of a transit point for many bitcoin investors to change paths and set new goals. The point is to take profit, then wait for the bitcoin market price to fall again, then buy bitcoin and hold it again.
Because I personally also plan to sell my bitcoin assets in the upcoming bull market, but of course at the price I was aiming for from the start.
Just because you are planning to sell your bitcoin with hopes of buying back cheaper, that does not necessarily mean that your plan is a good idea, to the extent that we are even talking about those selling on the way up ideas, especially your insinuation of both selling a large quantity of your coins and also your suggesting that you can buy it back on the way down, supposedly.
Even if you find that others are thinking in the similar kinds of ways as you, that does not necessarily mean that those kinds of ideas are good or even in line with the theme of this thread, which surely is referring to holding BTC in the long term, rather than perhaps your 2-3 year plan or your plan that is less than 4 years, since you seem to be wanting to play the waves of the cycle, which does not even seem to be the kinds of things that many of us are talking about in this thread.
So yeah, if you have been in bitcoin for maybe a bit more than a year as your forum registration shows, that may well indicate that you don't really appreciate the value of bitcoin as a longer term investment like someone who has been in bitcoin longer and who have held bitcoin longer and who have ended up benefiting quite stupendously from a compounding effect that comes from holding BTC over more than one cycle.. and yeah, sometimes you could end up getting some compounding effects from holding BTC within one cycle, yet how you going to know when to sell and when are you going to know when to buy back? Your plan of selling most if not all of your BTC at some point (or maybe various points on the way up - supposedly at or near the top) does not really sound that great, even if we might try to suggest that the ideas of your plan could be in line with some of the ideas of this thread, which is questionable at best.
~Snip
That's right, it seems I still don't understand the actual concept of HODLing bitcoin. Because my thinking is still stuck in the four-year bitcoin cycle (halving) and also the bull market. However, in reality, long-term investors in bitcoin, who are HODLing bitcoin, do not seem to necessarily follow this cycle to sell their bitcoin assets. However, the main direction and goal is more towards the more distant future.
So basically long term bitcoin investors will probably continue buying bitcoin via DCA and HODL for a longer period of time. Apart from that, I was also reminded a little by you that investing in Bitcoin for the long term is not just about looking for profits. However, another important point is to maintain the value of the assets we own so that they are not eroded by inflation.
Then talking about my plans to sell bitcoin in the upcoming bull market, you could say I'm not a long-term investor. Because it's true that I bought bitcoin more or less a year ago. So, if for example I sell it in the upcoming bull market (2024-2025), that means I will only HODL bitcoin for approximately 2-3 years. This means that I am not a long-term investor, but a medium-term investor or I could also say a short-term investor. Because after I researched and studied again, it turns out that long-term investors always HODL their assets (bitcoin) for more than five years. So it looks like I have a lot to learn and understand more deeply about this. Because I don't understand the context of HODL bitcoin well.