Quote from: promise444c5 on Today at 01:41:03 PM

Quote from: JayJuanGee on Today at 06:01:31 AM

Maybe you will be able to figure out how to sell BTC in order to accumulate more BTC, yet it seems to me that in your earliest years of BTC accumulation you should not even try selling BTC to try to accumulate more, and you should merely be using various kinds of buy strategies including DCA, buying on dips and lump sum buying. The more BTC you accumulate the more options that you have, and the more BTC you accumulate, you can attempt to assess the status of your own BTC holdings (including how much they are in profits - presuming that they are in profits) and also how much they are worth compared to other kinds of investments (which also may well including your various currency/cash holdings) that you have.

Yes ! One shouldn't sell BTC to buy more BTC, fine it might seem like a strategy but not a good one because we are dealing with future event and you might end up losing out of your BTC which is opposite of what you are expecting .
However, there are good strategies out there and it has been listed by JayJuanGee and what fits the analogy of accumulating more btc without selling most is buying the dips as you don't have worry about the sell limit , you should just keep on buying the sell.

Thus, trying DCA gives room to no worries either the market is experiencing a dip or not, just keep on buying the fixed amount and you will start seeing some nice average results of your buying.

I might not be right on this, but hear my opinion and what I've learnt so far l, I dont think the problem here is selling our bitcoin to get more bitcoin, but it should not be on our list of strategies as eaely investors, cause when we are trying to be smart about thigns and trying to take advantage of volatility and this is just like trading or doing short term investment gambke with our holdings, we should know that we are taking a risk with our bitcoin and since our major objective is to hold bitcoin. But if someone has built a stash of at least up to 4 years, then using a little percentage of his holdings to sell and aquire more isnt that bad.

But in general taking risk like this is not guaranteed to give us positive outcomes and at times we could end up buying even more than we sold. So it's good that everyone should be careful and also accept responsibility for any risk taken with their Bitcoin holdings.

Quote from: letteredhub on Today at 08:08:40 AM

Quote from: JayJuanGee on February 06, 2024, 09:00:09 PM

And of course, guys can do whatever they like, yet if we are talking about various accumulation strategies in this thread, it can be a bit irritating when we see guys talking about strategies that seem to gravitate towards trading or even selling to accumulate more BTC, but then at the same time, they do not present the idea very well, and surely it seem to be off topic since even the topic of the thread does not say anything about selling and the idea of HODL in the context of this thread largely is suggesting the opposite... don't sell. So then there is nothing wrong with having different opinions, even though the concept of trading or selling to accumulate seems to be off topic.. at least for guys who may admit that they are in the earliest of stages of their BTC accumulation journey..

so sometimes we do likely have to try to figure out whether guys really have long term intentions or if they are merely engaged in some kind of flipping practice or pursuing dollars, which seems to then result in trading rather than investing, even though there still might be profits involved, but not the kinds of profits that would come from both longer term holding or investing over a long period of time, and then the earliest purchased bitcoins will likely have higher levels of profits than the more recent purchased coins, yet it also seems that the longer and longer that we stay invested then we will be building and building the size of our BTC stash and the longer that we are in, then probably the more likely that we are going to have older coins that have gone up a lot in value.. perhaps both exponentially and having several compounding events.. and at least those are goals, even though they surely are not guaranteed and even along our bitcoin journey we are also likely going to experience a lot of volatility along the way and have strategies in place to deal with the likely to be near inevitable volatility without panicking.

Imagine a $7k price rise into the current $43k+ price of bitcoin making it $50k, a recent holder will be triggered)tempted to jump into selling to make dollar profit forgetting that the idea was initially to hold for a long long period accumulatively without tampering regardless of the market price, but to an earliest holder such a price increase is next to nothing or less because he had seen many higher price increases in the past than what he's getting now and to him the holding target continues even after the next ATH. It will take a lot of discipline and determination to hold irrespective of what come may in price for a recent holder to find himself in the lines of holding for long as expected.

Your very right, the Temptation to sell is much higher with new investors than old investors, new investors can easily be swayed by little profits to sell their holdings, but I don't think this should stop anyone from continuing with their original plan even if they regret later, its normal for us to fail something in our journey, even many old investors would recall a time or two they messed around.

That's why the DCA method is good cause when you divide your allocations into bits and invest on intervals the pressure to sell would be lesser, and moreover I feel DCA also gives us a long term approach to investing, since our accumulation would only increase over time.