and I consider myself a bit of a contradiction because ever since mid-to-late 2015, I started to put into practice a sell on the way up strategy, and when I first started doing it I made quite a few mistakes, but I have honed my system several times over the years.. and there are quite a few members who criticize me for such practice with claims that I should not sell any of my BTC, even if I am saying that I have it already figured out in such a way that I can sell and that I never will run out of BTC.
you shouldn't procicute yourself over selling some stash Wayback when there was an uptrend. at a point in every one's life there is that tempting sensation that make you feel to sell off, and you might end up selling some stash but that doesn't change anything from you. let by gone be by gone. what matters is how you where able to make some corrections and still keep to the rules. by now I know your wallet will be like a straw berry, waiting to chop off. LOLs
I feel real good about my whole system, and I don't even feel that bad about my mistakes - except just to sometimes realize how our perspectives change, and even when I analyze some of my past behaviors, I will sometimes see some of the behaviors, practices and mindset differently now as compared to when I was doing some of them, and it is not like I could have had changed what I was doing at the time, and maybe even with after the fact knowledge there still is no real way to change what you might have been doing, but it is just that your perspective changes, and I am not even sure if it becomes more enlightened later, or maybe it was more enlightened at the time that I was doing it.. because some of my framings were different, and so for example, I did not really become obsessed with the 200-Week moving average until maybe in the last 4-5 years.
There are probably better HODLers than me, and I consider myself a bit of a contradiction because ever since mid-to-late 2015, I started to put into practice a sell on the way up strategy, and when I first started doing it I made quite a few mistakes, but I have honed my system several times over the years.. and there are quite a few members who criticize me for such practice with claims that I should not sell any of my BTC, even if I am saying that I have it already figured out in such a way that I can sell and that I never will run out of BTC.
Actually, there are better holders than you but the question should be that are they applying same strategy as you and again those that hodl more than you have they been able to also impact the knowledge of hodling to other people? Inasmuch as
I know that this thread BUY the DIP and HODL was created as far back as 2019 and you've been the only one keeping the thread active since then that's to show your love a passion for hodlers regardless of some mistakes you did made in the past but here you're now teaching and advising people that are ready and willing to buy and hodl for a long time.In recent times, this thread is becoming difficult to keep up with.
Some persons just hodl at a fixed amount and stop buying and hodling but with the DCA is has made it possible for everyone to take part in this hodling process as some persons that would have felt that the price of Bitcoin has gotten to a certain amount that is unaffordable have now been using the DCA with the optimism that they are gonna reach their desired goal someday thereby they would have a clear story to tell their children or the younger generation on how they were patient enough to buy and hodl for a long interval of time before they were able to achieve a certain length of success in their investment journey and it would stand as a yardstick to also motivate the younger ones on the need to be patient enough to achieve great results because one of the things that's affecting humans is lack of patience forgetting to understand that the future hold greater achievement than now.
It is nice to see that quite a few members are interacting with this thread, and also they are attempting to put some kind of a personal variation of ongoing and persistent BTC accumulation, and I still think that some of these guys could end up getting burnt if they are not working towards making it through a whole cycle, and surely there are quite a few guys that are going to need a couple of cycles before they might be in a position to really start to move away from regular and ongoing BTC accumulation.
Of course, each guy has to decide for himself, and some of the mistakes can be anticipated, which largely end up boiling down to either stopping and/or slowing down on the accumulation and/or selling too many of their coinz too soon... and so each guy has to figure these things out for himself and also anticipate the temptations to make certain kinds of mistakes like that.. and perhaps maybe sometimes the solution might be to modify the DCA amount or to otherwise consider the cash situation in order to continue with the DCA.. ... but of course, even guys who might have ONLY been accumulating $10 per week, and who might have invested $5,200 into bitcoin after 10 years, they may well start to feel that their BTC holdings have become quite large and that their ongoing contribution of $10 per week is not enough to make a difference.. so sure, they might be correct that they might be better off starting to put their $10 per week in some other place.
Being a great hodler isn't only about being selfish and doesn't want others to have same perception as you do, but by bringing up good ideas that would motivate others to also take part in what you do and what you are doing because we lead by example so for you to have been spending most of your time to attend to this thread of BUY the DIP and HODL means you're a great hodler and a good motivator. though with the nature of things now waiting for a DIP may take longer time and one can even lose interest of buying due to the fact that a DIP may not occur or might occur at a time we least expected but by using the DCA it's obvious that we would keep buying and hodling no matter the quantity we are able to afford.
Fair enough.
Selling part of ones BTC may not actually be too good for now since we're having a speculation of the price surpassing the previous ATH so for now we should be in the buying and hodling process till it attains a certain level of ATH.
There are going to be temptations to either sell or to stop accumulating BTC.. and there is ONLY so much anyone else can say to stop guys from doing that, and sometimes it does end up working out for them.. .. and so it could become even more difficult for someone who just got into bitcoin in the past 3-4 months since October 2023, but it may also be quite likely that their stash is way too small and even if someone front loaded his investment, it may well be problematic to try to employ selling techniques.. even though it is tempting.. and I cannot say when it might seem rational to start to employ such techniques of selling, even though historically I have given some examples of someone who might have had been into bitcoin for a few years, and not quite a whole cycle, and who did a lot of front running and even extra buying in the 2022 dip period, so there could be some cases where it starts to seem a bit more ambiguous when guys have accumulated a lot of BTC and they might have over did their accumulation in 2022,
so they have already justified shaving off some profits, even though BTC may well be in a very good bullish posture and at a later date, they may well be regretting their decision to shave profits... and so maybe that ties into why I frequently will talk about a kind of formula that is shaving very small amounts of profits and they are not being shaved in order to buy back, but then there is also a kind of presumption that the BTC allocation that they guy had reached is way more BTC than he needs, so he is not even wanting to buy more BTC, so that when he shaves off some BTC, he is not expecting to buy back.. so that is kind of the standard that I start to consider it acceptable to start shaving off BTC even when there is a quite large odds that the BTC price will keep going up.