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As I said earlier in the local board today, new investors and old investors of bitcoin are always happy when the price is in the dip and the bear market because that is the best time to accumulate many to the wallet so that whenever the price goes up they will make good profit from it. And what happened last week in the bitcoin price was also good for short term investors like the price was on $54+k and if an investor bought it at that price and today, it is $56+k and the person would make 2% increase as profit. But the best investment plan is long term so you don't have to both yourself to monitor the market.
And nobody can guarantee the price of bitcoin at all time and that is why it is good for the long term investment. And whenever the price dip then it is to refill the wallet for whatever I have. If someone bought it when it is high and the price suddenly came down to the dip, he should not panic and all what he should do is to pick courage and keep hodling and one day the price would go up again.
You are very optimistic when you said long-term investors should never sell their Bitcoin. Let us be realistic here, the market conditions can change at any time and there may be instances where selling would be a strategy to adopt. Either to maximize profit or to diversify. There is a great advantage of holding for the long term which we all know but there is no possibility that one day we will say. Like what is the point of investing in the first place? Meanwhile, the idea of solely depending on short-term price movement and ignoring the knowledge we have gathered about Bitcoin investment might lead to suboptimal outcomes we do not expect.
Previously you were talking about building up your BTC portfolio and appreciating that it could take a long time to build up your BTC holdings.
So now you changed your mind, and you think that it might be good to sell?
And if you diversify you are going to sell bitcoin in order to accomplish such a thing?
When are you going to start with such selling of BTC and/or diversification? How much do you need to have invested into bitcoin when selling becomes part of the strategy?
Sure, here we are mostly talking about accumulating bitcoin, yet I am not opposed to the idea of considering at what point we might have enough bitcoin, so then we might transition somewhat out of our need to accumulate bitcoin, so does that mean that we go straight to selling bitcoin or might we have some other considerations in regards to management and maintance of our BTC stash?
As I recall, you did not start accumulating bitcoin until recently, maybe even in the last year or so, even though your forum date shows that you registered a couple of years ago, yet from your earlier descriptions of your buying of BTC, I can hardly understand how you would be transitioning out of your BTC accumulation stages, so maybe you can explain how you are now considering selling techniques rather than remaining focused on buying and/or accumulating of BTC... unless perhaps you cannot get yourself out of a trading/gambling mindset?
I will admit that there are not a lot of guys can even get through a whole BTC cycle without getting distracted into trading/selling/gambling when they should still be in fairly early stages of their BTC accumulation journey, so yeah a lot of guys lack patience to really continue to accumulate and to get to some kind of a meaningful BTC accumulation leavel in which the BTC accumulation helps to inform them about the next steps rather than talking theoretical nonsense about supposed needs to sell BTC in order to diversify... and all of those kinds of mumbo jumbo talking points that tend to show that their thinking is distracted by perceptions of short-term fiat "profits."