Quote from: JayJuanGee on March 13, 2024, 04:01:32 PM

Quote from: Wind_FURY on March 13, 2024, 09:16:58 AM

Quote from: Gormicsta on March 11, 2024, 02:15:32 PM

Quote from: Wind_FURY on March 11, 2024, 05:11:53 AM

Quote from: boyptc on March 10, 2024, 09:49:12 PM

Quote from: Wind_FURY on March 09, 2024, 03:32:30 PM

They also forget to use Bitcoin as a benchmark from where the value of their capital is based from? Why? Because if a "trader" can't outperform Bitcoin, then why be a "trader"? Simply be a HODLer and try add units in your capital in Bitcoin by buying the DIP and/or DCA.

They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA.

Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it.

No need to get into the battle of hassle with other traders when you can HODL and DCA.

Many people will leave the most important part out of the sentence, which is being the BEST top 10% of active traders. Believing that merely becoming "a trader" as a pleb with low capital would be enough. Plus if a person is a profitable trader, but his/her profit is just 15% better than Bitcoin, would it truly be worth the stress and anxiety? It probably will be for people who do not value their mental sanity and time outside of cryptocurrency trading. But if you ask me, outperforming Bitcoin by a mere 15% is disappointing in my opinion.

Let's be honest: the majority of traders will wind up with less Bitcoin in their pockets than if they simply HODL'd. And if you're someone who values his mental health and is still considering trading, then you're not doing yourself any good, because trading comes with a lot of mental stress, which isn't ideal for someone who values his mental health. so rather than putting yourself through all that pressure, why not just HODL and save yourself all the trouble.

I'm very confident that most of us plebs who "traded" during the last cycle, denominating their capital/portfolio in fiat, currently have LESS value denominated in Bitcoin today. Because we're mere plebs, and because we can't truly win/out-trade those professional traders and their army of trading bots, then the best decision we can do is merely to denominate our capital in Bitcoin by HODLing everything in Bitcoin.

Surely, I don't advocate for trading in order to build up your BTC holdings, yet if you are in the stage of building up your bitcoin holdings, then the best way to do that is to continue to buy in various ways, whether DCA, lump sum buying and/or buying on dips... so then once you get enough or more than enough BTC, then you can start to sell them as the price goes up... so then there would no longer be goal to have more BTC as the price goes up.

So one of the BIG questions relate to how much BTC (satoshis) is enough and when you can conclude that you have enough and you are in a position in which you can start to feel comfortable to start to sell some of your BTC as the price goes up and/or just on a regular basis as a percentage of your holdings to sell regularly as a source of your main income or to supplement other income sources that you have.

That's a question without a right answer because if you ask twenty different people "How much Bitcoin is enough", their will give you twenty different answers which depends upon their situation in life, their age, their technical understanding/how much they care about learning the technical side, and the amount of conviction. I believe the amount of conviction would increase if investors had more understanding about the incentive structure and the game theory behind it.

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Maybe a formula that I would use to determine if you have enough bitcoin would be to consider what is your annual expenses in the standard of living that you would like to enjoy and multiply that by 25, and if your BTC stash (as measured by the 200-WMA) is within 75% of that amount, then you likely are at the entrance level of having enough which means that you are likely ready to start to employ some kind system in which you are drawing upon your bitcoin stash, whether merely on price rises or maybe you want to just start to withdraw regularly on a monthly basis.. or some other period that is comfortable for you.

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A simple guideline that's modifiable to meet the requirements of each individual.