Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Road to 100k?
by
I_Anime
on 21/07/2024, 20:45:59 UTC
⭐ Merited by JayJuanGee (1)
Your expression of your goals and/or targets in terms of "taking some profits" comes off as a bit lacking in abilities to express yourself in terms of investing rather than coming off as either a trader or someone who is grasping to appreciate the value of bitcoin.. as if you are seeking dollars or just not able to grasp why you are in bitcoin... and yeah, I am not trying to degrade you, since it may well be the case that I am criticizing your semantics (or your word choice) rather than the substance of what you are trying to say in regards to bitcoiners gaining more options after they had spent a decent amount of time accumulating bitcoin.  So maybe you just need to figure out some better way of saying what you intend to say, rather than proclaiming that you would be wanting to take profits (like you are getting out of bitcoin or trading it), but instead there are ways to sell small parts of bitcoin that allow you to balance out your holdings especially if any of us might get into situations in which we become way overweighted in bitcoin, so shaving off some bitcoin as the price goes up (especially after we have reached our accumulation targets or overly reached them) can end up providing us with downside insurance - so we are not necessarily selling to take profits but instead giving us some downside insurance since by the time we start selling any bitcoin, we may well have concluded that we have accumulated enough (or more than enough) bitcoin.

Ohhh thanks sir JJG, I wasn't try to mislead anyone, but the way I put it literally seems off so thanks for the correction, by putting it the right way , that was what I was literally trying to say put I guess I didn't put it in the right way , after one have gotten to his accummulation goal he or she can start shaving off some bitcoin as the price goes up without selling all their bitcoin. Because the main purpose of one gathering a nice bitcoin stashes is for he or she to hold their bitcoin for long . Because as time goes bitcoin will continue to grow, though there is no guarantees but bitcoin has already proving itself to be in that position.

So those of us that are still building our portfolio, we should keep striving because trust me at time goes on you will know that it all worth it .