Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
I_Anime
on 03/03/2024, 19:09:05 UTC
As I have mentioned in various other places, my first year and a half in bitcoin from late 2013 to mid-2015, I was almost exclusively in BTC accumulation, so whenever I sold any amounts of BTC, I would immediately replace whatever I sold.  Even though I had largely concluded that I had reached my overall BTC accumulation goal by late 2014 (which was to invest an amount that equalled 10% of my investment portfolio into BTC), I continued to accumulate some BTC in 2015 (the BTC price was quite low through the whole year, but also my additional cash was not really very much), and so by the middle to end of 2015 I was getting to be around 13.5% accumulation into BTC into my quasi-liquid investment portfolio, so I started to consider that I had gotten into a state of 0ver-accumulation - or a conclusion that I had too much BTC, so I was not really sure about how to deal with my over-accumulation status, except to create a plan to be able to sell BTC on the way up, some variation of Risto's SSS plan.
well I went through the post but I think I would go through with it again for more solid understanding, this part quoted you actually said something that caught my interest, concerning the selling of some profit in your bitcoin and replacing it. We all know that whenever bitcoin dip your coin don't reduce in quantity but the value does. But when you selling from it you are actually reducing the quantity of your bitcoin right.  And we know buying low price would give more advantage's buying in high price , like when Bitcoin was $25k those if you purchase $1k worth of bitcoin at that time you would endup with 0.04 BTC , but if you purchase that same amount which is $1k worth of bitcon when the price was $50k you would endup with 0.02 worth of Bitcoin, which is lesser than when you purchase at $25k.

So In a scenario where I purchased $1k dollar worth of bitcoin at the price of $25k, having 0.04 bitcoin and lateron the price rose to $50k and I sold out 0.02 from my bitcoin that am holding, having the mindset of replacing it back, and lateron price experience a surge to the price range of $69k and kept increasing. If I want to replace it then what step should I take should I wait or the  or should I increase the money want to I wanna use to purchase to coverup 0.02 bitcoin at that price range of $69k and above.

Please hope this wasn't confusing, and if I had made any mistake please do so in correcting me .