Quote from: Cryptoprincess101 on Today at 01:51:40 AM

Quote from: JayJuanGee on July 26, 2024, 07:27:42 AM

Quote from: Cryptoprincess101 on July 26, 2024, 05:55:01 AM

Quote from: JayJuanGee on July 26, 2024, 04:09:34 AM

Some investors got to bitcoin early, yet did not recognize what they had, so they end up selling way too much too soon, so instead of continuing to buy bitcoin and making sure that they are continuing to build their wealth, they see 2x, 5x, 10x or even higher levels of profits in dollars, so then they end up selling way too much too soon, and based on their own income, they are not able to accumulate nearly as many bitcoin as they previously had with anywhere close to the same amount that they had invested earlier.. .so yeah, maybe they will come around to buying bitcoin again, but it can become psychologically difficult to switch from an accumulator to a trader and then to get back into accumulating, becuase there may welll be a realization that BTC buys may well end up being made for way higher prices than the earlier sales.. so that causes psychological difficulties.

Actually you can't blame those early Bitcoin investors who sold their Bitcoin way too early because just like some people are gambling on altcoins now that was basically how the early investors where doing same with Bitcoin because it was just a coin that was new into the market so no one would have given their 100% trust as at then and it's almost impossible to trust any system that just got introduced and has not gotten much attention and recognition by a large number of people so that was what happened among those early Bitcoin investors but now that they have seen the growth of Bitcoin I believe they won't find it difficult to buy at a high price now when they try to consider the price they bought it years back so the most important thing is having the finance to start now because with the height we all are anticipating the price of Bitcoin to reach, it's still at an affordable price now and buying Bitcoin doesn't mean we should go an all in or buy 1 BTC at a go, they can basically start accumulating now and hodl a reasonable amount that will boost their portfolio in time coming. I understand the psychological difficulties you are talking about but they don't need to continue dwelling in the past as Bitcoin has even proven to be more trustworthy now than when it was earlier invented. So the only thing now is to accept the mistakes of the past and move on to start making accumulations.

I doubt that I am blaming early bitcoiners for selling, since we can make investment choices and even selling choices, and then we have to live with the consequences of our actions, and surely some folks learn from their experiences better than others. And, whether someone considers it to be a mistake to sell too much too soon, and yeah the way I am describing it is as a mistake because a lot of people do not realize that they are selling too much too soon until later, and sometimes they make the same mistake over and over and over. Other folks learn techniques in which they might still be able to sell, but not to sell too much and not to sell too soon.

There are also folks who spent 1- 2 cycles mostly accumulating BTC before selling any... so yeah, some folks recognize the value of what they have earlier than others.

And, yeah, knowledge about bitcoin has changed over the years, but people are still making the same and similar mistakes including NOT recognizing the value of bitcoin, which seems to be part of the explanation why we have so many no coiners and low coiners. It could well be that somewhere close to 99% of there world's population is comprised of low coiner and no coiners, and no one is going to buy bitcoin for them, they have to figure it out for themselves and take action...otherwise they will remain low coiners or no coiners.

It will be a fair time for an investor who considers to sell after 8 years (2 cycles] because by then he must have made a lot of accumulations and decides to take profits from his investments so it all depends on the time target of the investor and if he has succeeded in owning a huge stash of bitcoins in his portfolio.
Any early investor who sold their Bitcoins in the past and are willing to start all over again to make accumulations I don't think they have to feel bad about their wrong decisions years back again they should just accept the current price and make sure they don't repeat the mistakes of the past anymore and allow their investments to grow for a long time before thinking of selling.
Even if the higher percentage of the world is not hodling, it is the duty of those who have heard about Bitcoin to exonerate themselves from the majority that are not hodling and make sure they take proactive measures that will strengthen their investments in Bitcoin and forget about those who are still making mistakes of the past, of course those that don't understand the history of the past are doomed to repeat the mistakes of the past so it will be so bad if someone who made bad investments decisions in the past still continue in same mistakes in this modern day that Bitcoin investments have proven to be the best way to wealth creation for those who can be patient enough to reap the dividends of their hodlings.

I don't really have any problems with what you are saying, yet I still would like to quibble with the idea that after 8 years investing into bitcoin (presumptively accumulating bitcoin) the person would feel some needs to "take profits," since that just seems like a trading term, but yeah, sure, after 8 years investing into bitcoin, there might be some abilities to transition into maintenance or even liquidation.. but there likely would not be any need to rush such process to transition, and surely we are presuming that a person investing into bitcoin for two cycles might have had reached his accumulation goals, which may or may not be the case in terms of realities and potential needs to reassess where he is at and if he might feel that he can transition out of BTC accumulation and into some other variation that might be deemed as maintenance. He may well have to continue to assess his 9 factors in order to figure out whether he actually has gotten into some other stage of his bitcoin investment journey, and I still am bothered by calling whatever he does as "taking profits" since bitcoin is the most pristine of investments, but there still can be some reasons to balance and rebalance, especially after guys have reached certain levels of BTC accumulation.