Quote from: I_Anime on Today at 03:21:36 PM

Quote from: JayJuanGee on Today at 12:45:38 PM

Hopefully, you realize that if you are DCA investing, then you are going to have some invested DCA amounts that reach 4 years sooner than others, and if you lump sum invest into bitcoin, then surely those lump sums should have at least 4 years to mature, and hopefully no one is thinking about just getting in and out of BTC with 4 year minimum timeline, absent some compelling reason, and most likely they are going to be better off to start some kind of price based and/or time based withdrawal system with their BTC rather than just getting in and out.. absent some reasonable basis.. So if there might be ideas to draw income from an investment, yet other times, there are reasons to complete draw the principle rather than merely drawing income from the investment.

Yeah I got your point concerning the in and out, is like after one has reached the point of having enough bitcoin stashes in their portfolio, is not encouraging , for that individual to go all out when withdrawing from their investment ( withdrawing everything). But rather find a system or method he or she can use when it comes taken profits from their investment without, selling all their bitcoin. And it's actually a nice thing to do because after holding yah Bitcoin for like 4-10 years , bitcoin price may not be the same again, it may even be far more higher than we never imagined it to be . So selling all your investment won't be smart because you literally accumulated Bitcoin when the price was low during those years , and you may not have the opportunity to purchase Bitcoin at such low price again, like how folks that purchase Bitcoin during the price range of $100 don't have the opportunity to purchase it that same price agaij because the chances of Bitcoin going back to that range is too low ...

Several of us likely realize and appreciate that Bitcoin is amongst the best of investments, if not the best investment, and so in the future when we are at a point to start to employ some forms of sustainable withdrawal, whether price based and/or time based, there is no reason to presume that bitcoin is going to deteriorate so much as an investment that it becomes a place that we are not going to want to continue to keep our value. So in accordance with Gresham's law, we may well be wanting to continue to spend from other sources prior to spending our bitcoin.

Of course, we could have income from pensions, social security and/or from other investments, and if our income is no longer sustaining our lifestyle then we have to start to sell assets, so if we have a choice between various assets, we likely would sell from our other assets prior to selling our bitcoin, and even once we start to sell bitcoin, there may be no reason to sell large amounts of it, unless we might be close to death or something like that. So part of the rationale to continue to get our bitcoin to grow would be to help to get to a point that the amount of bitcoin that we withdrawal is sustainable for our lives, and yeah, we might not be able to figure out various details in advance, yet if we spend 4-10 years or more accumulating bitcoin, the size of our bitcoin stash (and bitcoin performance over the years) may well help to inform us better about the extent to which we might be able to employ sustainable withdrawal techniques with our BTC stash.

Quote from: I_Anime on Today at 03:21:36 PM

Quote from: Miles2006 on Today at 04:56:52 AM

Quote from: JayJuanGee on October 04, 2024, 04:30:36 AM

There is no such thing as short term investing. You are using the term short term investor to describe trading. ... So when it comes to bitcoin anything less than 4 years is not investing.. it is trading. .you are wanting to play some kind of a price wave. Yeah you might fool yourself into believing that you are investing because you have 1 or 2 or even 3 years, but you are just playing the trade.. Most likely to really consider bitcoin as an investment you need to think in terms of 10 years or more... otherwise, it seems that you are mixing up trading and investing, since it sounds like you are just trying to get in and then out of it with some short term fiat profits and you are not really considering holding it long term.

Even if some folks try to deceive others and create different type of thought because they accumulated with huge amount it’s still not yet time to sell, what makes bitcoin investment grow is the consistency and time we put to make sure we make better profit but, aside profit a long term mindset is absolutely the best. Traders can’t hold their bitcoin for long without withdrawing profit and the surprising part is they don’t care if the investment will fall probably anyone making such move Should be ready to face lose, the idea 4years is just an example and if getting to 4 years anyone can still accumulate if they feel they’ve not gotten enough although the idea of a satisfied portfolio can’t be determined.

Normally most folks are blinded due to the mindset of getting reach quick in Bitcoin or cryptocurrencies in a whole . That's why they usually choose to waste their resources, by going into trading for short-term profits without any solid knowledge, because to want to make it fast in this space , rather than for them to take Their time and build a better long-term investment in Bitcoin, that will sustain them
During their time of retirement. Though it may take to time but the whole process worth and you will know that when the time comes.

I am starting to consider that around 10x of our annual expenses is a tentative entry-level fuck you status. Some guys want $80k per year (or $6,666 per month), and other guys might be able to get by on $12k per year (or $1k per month), so guys can aim to reach or exceed those kinds of levels. Of course, through the years, we may well expect that the dollar (or other fiat) is not going to go as far as it is able to go today, so there may be a certain expectation of a need for our target to move in terms of dollars, yet many of us anticipate that bitcoin's growth rate is going to exceed the rate of the debasement of the dollar and/or other fiats, yet we still can attempt to measure the amount that we need in terms of our own anticipated annual expenses in order to see if we are getting close to our target levels, which entry-level may well be somewhere in the ball park of 10x our annual expenses... If you have your own number, then go with that number.

Quote from: Callido on Today at 04:48:38 PM

Investors who are not too old of age can bliss on partial withdrawal and decide to reinvest percentage of their portfolio back into Bitcoin, practically for those who started by DCA approach this should help strengthen their portfolio.

If you know that you are still in a stage of accumulating bitcoin, I would be cautious with any approaches that sell BTC with expectations of buying back lower, since those kinds of strategies might lead you to employing too much waiting to buy BTC and not enough actual buying of BTC. One of the most assured ways of continuing to grow your quantity of BTC is by continuing to buy it.

When you sell it, you end up with less, and then you are hoping to get back to the amount that you had previously had when the bitcoin price dips, which it may or may not end up doing.