I have difficulties considering even sub $50k to even be likely beyond a possible spike dip...
This has already happened just couple of month ago and Bitcoin jumps back from the exact support level I am suggesting.
an investor might just accumulate bitcoin until he has enough or more than enough, and then at that time, there could be some justification for selling some of the bitcoin just to live off of.
Would you agree in order to sell off even very minute part of his holdings, understanding market sentiments and crucial support/resistance levels might help to take better exit points?
just concerned about if he has enough so that he can start to cash some of them out whether based on prices or based on time...
Exactly - you need to have some understanding of price action in order to be a successful investor. I am not arguing for high-frequency day trading (which you seem to portray me as more and more as you advance with your argument).
Let's say one wants to become a long-term investor; understanding basic technical analysis and market sentiment can provide much better entry points.
whether selling some bitcoin periodically or using them for collateral or just having them int he background it there are other sources of income and cashflow to support your standard of living... and sure we might have ONLY bitcoin and cash, but we might end up having an array of various other assets, and some of those other assets might be leveraged on the bitcoin or hedged on the bitcoin, yet if they are quite excessive in order of providing enough income then there might not be any urgency to do anything about the bitcoin, except maybe move it around once in a while....
Again the amount of loan you will getting might be better if you have technical analysis on your side. You can time it according to crucial support and resistance levels.
or maybe you need an example?.. .if a guy might have had accumulated 500 bitcoin in the past 12 or so years, and perhaps 90% were accumulated in the first few years of his investment, so maybe his average cost per BTC might be around $300... so he had invested around $150k in total.. so then even now if he might have to shave off a bitcoin here and there, it is going to take a while to deplete his stash,
so he might not even care that much if he sells some of his BTC.. and maybe his living standard is around $100k per year or so... or if he might move some of his coins around in various places from time to time and use some of them as collateral.... so the longer that he is in bitcoin then the more his value of his coin goes up so long as he is mostly hanging onto them. So even now the
200-WMA value of those coins are about $20 million and the spot price value is around $34 million.. but if he is largely living off $100k per year, maybe he could increase his standard of living and he still is likely going to be fine whether he sells some of his coins from time to time or if he uses them in other ways.
I was not arguing that short-term frequent trades are better than long-term investment trades. I shared my views on Bitcoin price speculation, giving some technical analysis and a plan of action, all of which is based on proven concepts of technical analysis (though not 100% guaranteed).
Every trader/investor has a different mindset, confidence level, and risk appetite, so it would be a categorical mistake to come up with an example (with so many assumptions) comparing traders versus investors.