Quote from: I_Anime on September 23, 2024, 08:26:19 PM

Quote from: bitcoin_mining on September 23, 2024, 03:17:59 PM

[edited out]

But i won`t hide the fact that they are goin to be alot of up and down trend or movement in the market during the journey . But i won`t call that lost it is only loss when one sell their holding too early or when there`s dip in market, But if one continue to hold despite the market condition the chances of that individual selling loss is low.

It seems to me that any long term BTC investor is going to set himself up in such a way that he continues to buy almost no matter what, even if there is a dip, and one of the ONLY reasons to stop buying would be based on his own circumstances of losing income and/or increases in expenses that are so high that his reserve funds will not even permit him to continue to buy.

Another reason to potentially stop buying would be that the guy had already reached sufficiently high enough or perhaps over accumulated in terms of his BTC stash size.

One of the great things about persistent, consistent and ongoing buying of BTC is that it reinforces a guys conviction about his investment and puts him in preferable long-term-committed mindset, especially during BTC price dips.

Quote from: Dailyscript on September 23, 2024, 11:48:14 PM

Quote from: Cryptoprincess101 on September 23, 2024, 02:40:06 PM

Quote from: JayJuanGee on September 22, 2024, 09:31:29 PM

Bitcoin is the kind of asset that you don't need to worry about selling.. just continue to buy at any price for maybe 4-10 years or longer and then reassess.

Sure it is, except someone who already owns a huge portfolio and has gotten a large amount of profits can decide to sell part of their Bitcoin but for someone who is still in accumulating phase should never consider selling their hodling at any price point at all till they have acquired a large amount of it and HODL for long term investment growth. If an investor have gotten a huge portfolio they can decide to make technical analysis of their investment processes such as calculating the price point at which they acquired each fractions of Bitcoin and how much they have been able to acquire within that long interval of time and also do a check and balance of the money they invested with and the profits they have been able to get.

To me that's a bad advice you gave so. When you sell your Bitcoins when the time for substantial withdrawal has not been reached or there aren't any genuine reasons that are so important then selling is wrong even if you have a large portfolio or small one.

I think that you have the right idea Dailyscript - however I think that you used the wrong word, since it seems to me that many of the longer term bitcoiners are not going to end up spending years and years and years accumulating bitcoin in order to end up selling large quantities of their BTC at any given time. I think that long term investors will likely figure out way to make sustainable withdrawals rather than substantial withdrawals, since eve if a long term investor might choose to withdraw 25% of his bitcoin holdings, it still might be after he is several times in profits, maybe even 10x, 20x or larger levels of profits... and frequently many of us are likely going to find that we are not going to be going to be inclined to even want to withdraw those kinds of levels of our BTC at any given time, even though surely it is difficult to talk on behalf of all long term holders, and sometimes, even long term holders will mistakenly end up selling too much of their coin too soon... yet usually we can avoid selling too much of our coin too soon if we employ more measured forms of sustainable withdrawal.. whether they might be price based and/or they might end up being time-based sustainable withdrawal techniques.

Quote from: Dailyscript on September 23, 2024, 11:48:14 PM

For those who sell their Bitcoin because they have made some profits from it and then change it into fiat just to hold it in their local bank account that is the dumbest thing to do. It's different when an investor has urgent bills, like tuition fees, sending his children to higher education, fixing the roof of the house if it gets bad and so many others the withdrawal will be reasonable enough to understand.

It seems to me that even with those kinds of expenses (as you listed above), a longer term BTC holder could reasonably transition into some kind of a sustainable withdrawal practice rather than selling large portions of his BTC stash at any given time.

Quote from: Dailyscript on September 23, 2024, 11:48:14 PM

However, it is not in our hands to decide if an investor should sell or not. Every investor has the right to make decisions in his investment but is indebted to make the right choice.

Yep. Each of us has to live with the consequences of our decisions regarding how to manage our BTC holdings, even if we might have come to the conclusion that we have transitioned out of our BTC accumulation stage and that we might be in more of a maintenance stage or even in a kind of liquidation stage, and if we transition too far and too fast into selling too many of our accumulated BTC too soon, we might end up losing a lot of opportunities (and options) that we had spend years, and years and years building up.

Quote from: Dailyscript on September 23, 2024, 11:48:14 PM

I do dispute the fact that people have different financial situations and incentives to buying Bitcoin and holding. There will always be consequences of our actions whether positive or negative we are not immune to them. One way or another we will speak about the decision we made. To sell or never sell yet.

Well there can be extremes, so sometimes we can decide to do somethings, such as deciding to discontinue accumulating bitcoin, or to choose to diversify our value into other investments or to sell some or large portions of our bitcoin holdings, and surely if we are paying attention to what we are doing, then it still could be probable that many of us will make a lot of mistakes in our journey and in our cash (and BTC)management practices, yet if we attempt to be moderate with our actions, then it will become less likely that our mistakes will take us out of the game, even if we might have had been in a better position if we had not made the mistakes. There is no exact perfect way of managing your BTC holdings and/or your cashflow, and there are a lot of individual variables that have to be balanced by each of us.. and we cannot necessarily follow what some other person might do, especially if we may well be trying to tailor our actions to our own personal financial and psychological variables.. .which frequently can still include imperfect information.