Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
JayJuanGee
on 07/11/2024, 07:38:09 UTC
The truth of the matter is that it can be very tempting to sell most if not all of your bitcoin just like hypothetical 2 did, and he ended up with nearly $1 million in profits out of a $47k investment, so it is difficult to proclaim that he did not profit, even though he would have had been better off to hold onto more of his BTC, perhaps some variation .. yet whenever any of us is attempting to create a somewhat realistic hypothetical comparison,
You are actually right, we can't predict some kind of situation when it arises. We might proclaim to be different in terms of making decisions in regard to what hypothetical 2 did, but we might as well do as he did when we find ourselves in such situations or did worst than him but thanks to Bitcoin growth which has changed people narratives. Because people had some doubt some years ago about bitcoin and some sold way too quickly Because there was no proof as to how hug bitcoin might be. But from previous history of bitcoin starting from 2009 till date has shown the immense growth of bitcoin and if I where in positions to make decisions now, I will be In position of hypothetical 1.

People are still going to make the same mistakes as they made earlier by selling too much bitcoin too soon., and also concluding that bitcoin does not have very much upside potential, so they will feel that they need to shave off their dollars.  Sure, there will be a lot of folks hanging onto their bitcoin and figuring out how to continue to have bitcoin as one of their ever-present assets, yet not everyone is going to figure it out... and we cannot even know if future performance is going to be sufficient to justify continuing to hold bitcoin.. each of us has to figure out our allocation and also our way of managing our stash once we feel that we have gotten to a sufficient and/or more than sufficient size of BTC.

we have to show how there can be a considerably great dilemma - including that we do not have the advantage of hindsight when we are caught up in the moment and we might have a variety of dilemmas that include temptations to consume and/or invest and even perhaps speculating that we might end up better off by selling most if not all of our BTC...
Delima is bound to happen to any investor but we must figure out ways to tackle them and do as if nothing happend. if they may have adopted the strategy of investing in bitcoin plus setting aside some amount for emergency fund there, I think there may be no need to sell all for a any delima situation.

The target is always moving, and even our situation is changing.. so how are we going to be able to tell any other member how to manage his BTC allocation in light of his own particular individual circumstances? as those circumstances are evolving.    Even in the beginning a guy is likely spending many years accumulating BTC, yet he may also be developing job skills so he can earn income, and there could be questions about whether he buys BTC or if he might spend a certain amount of time and money to build certain life-time job skills, and the answer is not going to be completely clear, and surely the answers might be more clear after the guy has gotten a certain level of education and/or job skills and is applying his job skills to earn an income and to put a certain amount of his pay into bitcoin, so then how many years might he be able to put money into bitcoin, and then once his bitcoin gets to a certain size does he keep putting money in?  What if he is not satisfied with his job and he concludes that it might be worth it for him to change job skills and/or even take from his bitcoin to go down that job development path... and I am not going to say that the answer is going to be clear and there may be more than one correct path.