Having a long-term target while investing in bitcoin is the best for any good investor but it doesn't really reduce the risks of losing because since bitcoin is a high volatile coin, volatility can push the price downwards at a time when an investor feels that the number of years he had in target has come, so it may be at a time when the price is experiencing a DIP due to an event that may occur at that particular period of time which means he has to be more patient in order to allow the price bounce back which is some cases, the investor may feel he is spending a lot of time waiting for the price to gain strength again which can make him to panic in fear that he may incur more losses if he waits further. This is one of the reasons while i feel people should not set the number of years they want to hold their bitcoin before they consider to sell part of it because it can appear at a time when the market is bleeding. I think the major reason why we hold for long is to build our portfolio and not specifically on profits making.
When we start to get reasonably close to our goal, we might start to get stressed which may well be a sign of over accumulation, and surely it may be better to start to shave off some profits here and there rather than NOT.
But how would someone know they have over accumulated and is there a limit to how much one can be able to accumulate? or does it depend on the target of the person within a particular period of time that will determine if they have achieved their level of accumulation or gone above their target.
There can be a bit of a contradiction of ideas, since sometimes guys have to be careful when they have so much of their networth in bitcoin and if they have been in bitcoin for a couple of cycles, then if they have not diversified into other assets, they may end up reach some status of having had invested more than they can afford to lose, while at the same time not having had yet reached their BTC accumulation goal or over accumulation... so it can be difficult to describe being in this kind of a situation in generalized ways since each of us likely has to figure out that we are not causing too much emotion for ourselves in regards to out bitcoin investment, even if we also might be trying to reach a status of reaching our accumulation target and/or a target of being in a status of overaccumulation that frees us to be able to sell extra BTC without having to worry that we no longer have enough.
Actually, bitcoin is supposed to be invested with a disposable income that we can afford to lose but there are folks who has more confidence in bitcoin now and feels that since there is no superior asset to diversify their investment to, they may want to invest aggressively on bitcoin without minding if they have over accumulated or not, but just want to own majority of their NetWorth in bitcoin and HODL for long and are ready to bear the brunt if the market goes sideways, so in this kind of situation, can we say that such investor lacks constraints in their investment?