Quote from: Taskford on December 20, 2023, 01:35:43 PM

Quote from: Gallar on December 20, 2023, 03:10:22 AM

Quote from: JayJuanGee on December 19, 2023, 11:44:40 PM

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.

What's important thing there is do what you want for your money since if you think you can't afford to hodl for a decade then maybe DCA is best for you but try to consider to save up some amount to test out what will be the result if you save up some amount intended for long years. If you want to ride with Bull and Bear then nothing is wrong with it since actually that's what other investor do they only speculate with bitcoin 4 year cycle since they just aim to earn when bullrun came and another ATH has been recorded on history of its existence.

For sure by consistent dealing up any market activities we are participating for sure we can figure out how to hodl and how to do other things that can possibly give us good result so much better if you continue what you do but don't forget to learn new things everyday since this could really help us became more better investor. And we should not forget to have separate balance saved since remember that bitcoin has limited supply so we provably can see a huge increase if massive bitcoin adoption will happen since we could expect that demand will increase more higher.

Persisting and remaining consistent with what I want regarding Bitcoin investment results, will definitely be my priority. Because after all, I already had intentions and plans regarding this since I decided to buy bitcoin. However, it is not impossible for me to change plans for certain reasons. Because perhaps my initial intentions and goals when investing in Bitcoin were less effective or less than optimal. However, for now I will definitely continue to do DCA on bitcoin, before the bull market arrives and when the bull market is underway, I will most likely pause the DCA that I usually do. Because if the market is bullish, I think it is very likely that the price of bitcoin will definitely be above. So I decided to pause DCA. Although basically what I do is different from the DCA scheme which doesn't really prioritize the rise and fall of prices when entering and buying. But in my opinion, this decision is not too bad to consider.

Because if you look at the history of the bitcoin halving and bullish market in the last few years, after bitcoin reached its ATH, after that the bitcoin price experienced a correction first. Well, maybe during the halving period or more precisely in the upcoming bull market, I will take a break from DCA and will start again after Bitcoin experiences a correction. Although I don't know yet whether the correction will go down much or not. However, when Bitcoin experiences a correction, I will definitely decide to DCA again, even though the correction is not too far, or even doesn't go down at all.

And if in the next bull market, bitcoin reaches a high price(ATH), I will most likely sell 50% of my bitcoin to take some profit. Initially I wanted to sell 100% of the bitcoin assets I owned. However, from this discussion I gained a new understanding and perspective regarding HODLing bitcoin. Therefore I will not do that. Because it would be a shame if all the bitcoin assets I have collected so far (DCA) are completely sold and I will start from zero again.