Quote from: philipma1957 on Today at 03:45:58 AM

Quote from: Marvelockg on March 31, 2024, 09:19:18 PM

Quote from: ginsan on March 31, 2024, 07:56:32 PM

Quote from: JayJuanGee on March 31, 2024, 07:10:00 PM

Exactly.. Selling and expecting to buy back cheaper (to increase your BTC stash) contains a lot of uncertainties, and seems so easy in theory, but not as easy in practice.... so then one of the main logical solutions is not to sell any of your BTC unless you are expecting to not be able to buy it back.. so then that means that you either have enough or you have excess... it is difficult for a bitcoin newbie to get to a position of having enough or excess bitcoin, but if a bitcoin newbie reaches a status of having enough or too much BTC, then he has more options regarding how to treat his BTC holdings.

so that also means that if the goal of selling your BTC is to be able to get more BTC, then that makes less sense than just continuing to buy BTC.. so that if you conclude that you don't have enough, you just keep buying until you have enough or too much.

I understand what I am saying does not make sense to some people, especially those who really believe that there is some value to try to sell BTC in order to buy back more, and so they are free to employ such strategy, which has questionable odds of success.. especially if it ends up getting the guy out of the buying and accumulating mindset.. which truly is the most assured way to actually build a bitcoin stash to high amounts.

For this reason, I am more interested in continuing to hold and accumulate bitcoin at low prices with reserve funds, therefore reserve funds are really needed to take advantage of the opportunity to buy on the decline. Selling is certainly not a good principle for someone if they are planning an investment in the long term but they change their mind by selling and buying again which can turn things into quite a mess.

I totally agree with you. except you've reached a stage where you can boldly say, I'm at the peak of my investment and want to sell off my holding iether to upgrade my standard of living or you've gained that level of freedom that can put you im a position to fuk out of making an investment at all, whatever comes outside of that as a reason to selling your holding should be sorted out with the emergency funds. It's even better you have special funds set aside for the purpose of buying when the market is at the bearish season that selling part of you holding for that objective. Every decision you're going to make as it regards when you even think of tempering with your investment is in phases and all the theories and methods that have been regularly outlined in this thread is not for everybody but relates for some people and it's just okay to choose which methord that works well for you based on your current Bitcoin accumulation stage and how much you want to accumulate at a particular point in time.

It's not everybody that should talk about selling and thier are others that aren't even buying now but are just waiting for Bitcoin to get to a particular price which is their set out profit point and you don't want to start comparing yourself that's still not strong and have as little as $500 worth of Bitcoin in your portfolio. Those that have reached the range of the position where they are in profit can possibly think about selling but if you're still at the stage where you're yet to have a balanced and good amount of holding, don't even waste your time thinking on the need to sell, like @ gunsan said earlier, there is a lot of uncertainty involved in selling your holding as a methord that will help you accumulate more. To be a safer side, any money you've used in Buying Bitcoin should never go back to fiat untill you've reached you goal, of thier is a need to buy more during the bearish season, you can make it a necessity to find special funds that will work well for that.

Thinking you reached enough coins may be an error. Can’t be sure 10 or 20 or 30 is enough. But 500 should be good.

This is not a bad topic regarding how many coins is enough, yet you are describing the subject matter in such extremes, including putting in a kind of sentiment of futility in regards to how to figure out how many coins is enough.

I doubt that the subject matter of figuring out how many coins is enough is as futile as you are making it out to be.

Sure, it may be somewhat futile to attempt to generalize how many coins is enough for every person as if we were to live in a society in which people were not able to choose for themselves, and yeah, even though sometimes, it might not feel that we have choices even in regards to our own lil selfies, we still probably should be attempting to express and to exercise our individual choices whenever we are able to do so. .which sometimes can be an uncomfortable and not easy thing to do.

I will admit that there are likely a few obstacles that any of us are likely going to have in determining how many coins that we need, and from my own perspective, I think that in bitcoin many folks error in regards to trying to valuate their coins based on spot price rather than figuring out some kind of fair and meaningful valuation - which might be something like the 200-WMA or maybe some other way of assessing fair valuations so that they do not contribute to exaggerating their own expectations regarding what is feasible and/or reasonable to do whether we are considering the matter of continuing to accumulate BTC or even matters regarding maintenance, sustainable withdrawal and/or liquidation.

Younger people might have some greater difficulties assessing how much of a monthly income that they want to maintain as compared with older people, and their difficulties would likely have to do with either their shorter period of being able to measure and/or their aspirations to increase their standard of living, yet not necessarily having very good practical reference points. So, some value could come from experience in regards to figuring out monthly cashflow needs, yet surely there could be some ways to either theoretically think through the matter of future expected expenses and/or to just make sure to have some kind of a meaningful price cushion, such as striving to reach 2x, 5x, 10x or some other kind of target that is much greater than the estimated needed amount.

So for example, a guy might conclude that he would be able to work with some kind of default western-style entry-level fuck you status income of $6,666 per month, so long as that income level keeps up with the actual inflation (and/or debasement of the dollar/fiat) that is most likely inevitably going to continue into the relevant upcoming future.

So if he has his target monthly cashflow, then he should be able to come up with some meaningful range in regards to how many coins that he needs, and only recently I have become more convicted that BTC has very good chances (enough to bank on) to be able to continually generate and sustain a 10% withdrawal rate, so long as the valuation of how many coins that one has is accomplished from bottom BTC prices rather than BTC spot prices or some other less reliable ways of valuating the coins that a guy has stacked.

So right now, I am presuming that 24.4 BTC is enough to sustainably maintain a $6,666 per month withdrawal rate forever into the future including inflation and/or debasement of the dollar/various fiat. I think that the sustainable withdrawal tool that bitmover and I put together helps to figure out these kinds of numbers, yet each of us remains responsible in regards to how we might use any of these kinds of estimation tools that show history.. while at the same time, they are not exactly speculating into the future, so each of us has to engage in our own speculations in order to come to numbers and/or methods that we believe to be workable for our own situations. Of course if your expected monthly income numbers are different, and/or if you reach differing conclusions in regards to what amount of BTC you would be able to withdraw per year/month, then you are going to end up with results that differ from my own.

Quote from: AirtelBuzz on Today at 04:46:10 AM

So before we invest we need to focus the goal and set a specific time frame for how many years we will hold our investment and accumulate bitcoins accordingly.

I think that you are overly stating the case AirtelBuzz. Sure, it is good to have some ideas about where you are going and/or how long you are planning to invest, but many of the details can be worked out as you go, and one of the best things, especially in regards to bitcoin, is to get the fuck started asap, even if you might ONLY be starting with $10 per week.

Of course, if you start to invest aggressively and to maximize your available finances into bitcoin, then you are most likely going to need to have more ideas and/or details regarding specifics of your goals - yet even if you have some aggressive investment practices into bitcoin, you still might not necessarily need to know your exact timeline or even the amount of BTC and/or dollar value that you are shooting for - except that you are maybe aiming to maximize the likelihood that you are going to have more options in the future at some point 10-20 or perhaps 30 years down the road.. and some of the specifics and/or vagueness might also relate to age, in terms of older folks might be in a better position to specify their goals and their targets, but younger people might have hardly any clue, and they do not even necessarily need to lock themselves into specific goals.. but just have some general ideas of wanting to improve their situations in such a way that they realize that their future self will thank them for getting into bitcoin in a somewhat aggressive way as compared to if they had not gotten into bitcoin or if they had gotten into bitcoin too whimpily and in such a whimpy way that their efforts would hardly make any difference to their future self.

Quote from: AirtelBuzz on Today at 04:46:10 AM

If we can set a specific time frame for our bitcoin deposits and keep depositing bitcoins every month or week accordingly, maybe our investment will gradually increase and we will be able to reach our specific goal.

There is nothing wrong with attempting to have some specifics around how much we might want to spend on bitcoin each week or month, so I have no problem with the idea of having various systems in place that allow for structuring buys and/or making assessments that might be around the times that we are paid each month or when our expenses might be due or known... since maybe some kinds of income and/or expenses might be somewhat fixed and knowable and other income/expenses might have a decent level of variation.

Personally, I like to use an excel spreadsheet to project my income/expenses 6 months to 24 months into the future, so using those kinds of projection tools can be very powerful in terms of attempting to plan some of the specifics that you seem to be arguing as important... and I am not going to disagree with you about those kinds of ideas because there are quite a few aspects of planning that can help to really empower us by giving us frameworks, while at the same time, we might not be able to really hone in on specifics, even though some of our planning tools might help us to narrow down various ranges and provide us with psychological and financial cushions... And, many times, I have asserted that we are frequently way better off psychologically when we are able to set up our finances in ways that are tailored to our circumstances and retain/maintain various kinds of built in financial cushions.. whether that is referred to as emergency funds, reserves and/or cash floats that are built into some kind of a meaningful projection forward.