Quote from: I_Anime on Today at 05:50:29 PM

Quote from: JayJuanGee on October 02, 2024, 02:08:56 PM

I would suggest that we have been in a bull market since November 2022, even though we might not have had realized that we are in a bull market until either mid-2023 or perhaps even October-ish of 2023.

Sure, we don't really know where the top of this particular bull market is going to be, and yeah we seem to have been in a correction since about March 2024, and sometimes the corrections end up turning into a bear market, yet personally I have my doubts about the bull market being over, so then the next question still comes from how high the bull market might be for this cycle, and what might be our plans for such bull market if it continues. I would think that most newbies would just continue to accumulate BTC, yet no one really wants to be buying at or near the top, yet how is a newbie going to know whether we are at or near a top? Selling seems to be even a worse idea, especially for a newbie,

but yeah, each person has to figure out these matters for themselves in regard to what kind of tactics they are going to want to use if they might at least be able to concede that their main goal is to accumulate bitcoin.. and so I have my doubts about whether selling is a good tactic to accumulate more bitcoin, even though some guys might try to strategize their BTC buys based on the BTC price, which also might end up contributing to their underaccumulating bitcoin, but each person has to figure out based on his own circumstances how he might consider engaging in such ongoing attempts to accumulate BTC, if that might happen to be part of the newbie's goal set

Imo I won't advice any newbies to fix their mind in this bullrun as their gaol , because I believe that alot of newbies are already planning on how to sell their Bitcoin during the price range of $100kish , which by that time some folks may have not accumulated enough Bitcoin for themselves and that would seems like more of trading than investing.

I know that most newbies are really eager to see the bullrun at it peak (yeah we all though) , but for someone who goal is to accumulate bitcoin for long-term purposes like 4-10 years shouldn't focus more on this bullrun alone but rather accumulate more coin for the next circle or more than , inorder for that investment to be profitable ( though we can't tell howfar Bitcoin would have gone then ) but I believe, that it would worth it , so what am aiming at is that selling all your Bitcoin stash won't be smart at all especially as a newbies during this bullrun, instead focus more on the future and I pray we will be alive then to see it happen.

I have frequently considered that it is good to prepare for a variety of scenarios and to have some flexibility in your plans and your actions, and sure if you are still feeling that you are in your relatively early stages of your accumulation phase, then you figure out your level of aggressiveness in your BTC accumulation and just continue to pursue such ongoing accumulation within your means, and surely you might have some ideas of best case scenarios, medium case scenarios and worse case scenarios, and you should have some tentative plans for any of those scenarios, and with the passage of time, you can see where you are at and it seems quite likely that your scenarios are going to start from where we are at right now versus where we were at when you first started to trajectory out various possible scenarios.. . so in other words, some of the scenarios become more concrete including that down the road, you are also going to be able to see and to assess how you have been doing in your BTC accumulation journey, too..

It is one thing to project out that in 5 years you expect to have 1 or 2 years worth of your expenses saved up through bitcoin and/or through your emergency funds and back up funds, versus getting out 5 years after you have invested and if you see that you are either right on target because you have 1.5 years accumulated, or if you might see that you are ahead of or behind schedule, and you can attempt to figure out why you are where you are at and/or whether you might feel some need to tweak your plans and/or your actions based on where you are at versus where you might have had projected yourself to be within such time period. I have found that sometimes with a fairly aggressive plan, there could be times when you end up ahead of schedule and other times where it might seem that you are not really making very much progress.. so even if the value of your BTC has not gone up, but for example, if you end up having 0.85 BTC after 5 years rather than your projected 0.7 BTC, then you might feel that you are making good progress, even if the BTC price (value) might not be as high as you had projected it to be at that time... so maybe after 5 years, you start considering that you might be able to reach 1.5 BTC after 10 years rather than you initial projection of getting up to 1 BTC after 10 years... so these are signs of progress, and you might not even be clear about how your valuation frameworks might end up adjusting from the time that you started buying BTC until the time that you have been buying BTC for 5 years, since presumptively you had been studying aspects of bitcoin through that whole time that you had been investing into it... so even some aspects of your valuation framework might change over those 5 years of BTC accumulation.