So even if they might say that they are ready for either up or down prices, they might end up not really being prepared because they ended up over-investing in light of their own mental preparedness.
Halving 2024 I released all Bitcoin holdings that had been DCA for 4 years (maybe it's too early to release it but as a small retailer the economic situation is not always friendly), full of twists and turns and indeed as you said it is not easy to win mentally from the fluctuating price situation when the financial condition is getting thinner but I have gone through all that. From the sales I managed to build my dream house. Now facing the next 4 years I will start DCA again with full preparation from before, with strategies and all the shortcomings that have been evaluated.
I secretly learned a lot from all your opinions about DCA.
One thing is to spend 4 years establishing a bitcoin position, and another thing is to take that accumulated BTC and to put it into a house (or other kind of residential property).
I doubt that a house is going to even come close to being able to hold its value as well as BTC, especially since we can look at BTC and look at various house prices (including median house prices), and seen that the quantity of BTC to buy such median house prices has reduced stupendously over the past 4-13 years, and so if we are considering finances, it may well be problematic to cash out too many BTC too soon in order to buy a house, yet surely I would suspect that the longer that we are into bitcoin, the more likely a smaller and smaller portion of our BTC stash size would be needed to buy (or build) our "dream house."
Each of us is responsible for our own choices in this regard, and I understand that so many folks are eager to get into a house, and frequently it seems to me that they end up selling way too many BTC too soon based on their lack of patience.
So even if they might say that they are ready for either up or down prices, they might end up not really being prepared because they ended up over-investing in light of their own mental preparedness.
Halving 2024 I released all Bitcoin holdings that had been DCA for 4 years (maybe it's too early to release it but as a small retailer the economic situation is not always friendly), full of twists and turns and indeed as you said it is not easy to win mentally from the fluctuating price situation when the financial condition is getting thinner but I have gone through all that. From the sales I managed to build my dream house. Now facing the next 4 years I will start DCA again with full preparation from before, with strategies and all the shortcomings that have been evaluated.
I secretly learned a lot from all your opinions about DCA.
Your statement I will start means you haven't started yet and it's quite risky been a Nocoiner
Now you can't buy even at the price you sold.
Mind you am not against your decision but atleast I think leaving some wouldn't had hurt.
Yep.. None of us should be bragging about turning ourselves into a no coiner, especially when it is quite likely we spend 4 years or more building up our BTC holdings and then we put our value into something that is likely not going to even be close to as good of a place to retain the value...
I don't have any problem with considering to use something like 25% of the BTC stash to buy a house or some kind of an amount in that territory, but using anything close to 100% to buy a house, seems quite problematic and even quite premature in terms of feeling a need to rush to get into a house when likely a bit more deferred gratification would have likely been much more financially advantageous.. .. yet at the same time, each of us has to make our own decisions in regards to: 1) how we accumulate bitcoin, 2) how we might choose to maintain our BTC holdings and 3) how we might end up liquidating some, most or all of such BTC holdings... including that if we screw things up, then we have to live with the consequences of such screw up, even if we are rationalizing in regards to whatever choice(s) we ended up making.