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Topic
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Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
batang_bitcoin
on 20/11/2024, 22:14:18 UTC
⭐ Merited by JayJuanGee (1)
If someone has been consistent in his or her accumulation and holding for 4 years and above there's nothing wrong in taking some profit from from his Bitcoin investment, the only wrong thing is selling everything and start all over again.
Some people are always tempted to dip hands into there Bitcoin investment and the reason for that is because they are facing some financial challenges if someone has money to settle his financial issues when ever they come up they won't dip hands into there Bitcoin investment so having a good source of income and also backup funds helps one prevent dipping hands into his Bitcoin investment.
This is what hit me before. To be honest, I have accumulated quite a lot in the past and then sold almost everything but then, I was able to recover it and started to realize that I shouldn't be doing that whenever I sell because BTC is a life changing asset and anyone who holds it gets the freedom that they want, financially and emotionally.

It is difficult to get out of the mindset of wanting to sell large amounts of BTC, so frequently a guy will see something like 5x or greater profits in dollars and then want to lock them in, but then later realize that he sold too many BTC too soon since he was not able to buy back lower and then he might even end up spending the BTC on inferior assets or consumption items.

Sometimes we can still end up making mistakes of selling too much too soon, but we might still be better off because we end up in a bit more or a diversified situation, as long as we ended up hanging onto a large majority of our bitcoin, yet even that can be quite difficult to figure out how to do it, and not end up selling too much too soon in the context of still building towards our entry-level fuck you status.. or even getting to multiples of our fuck you status.

So if I look at your forum registration date, and I see early 2016, so you could have had some good BTC accumulation possibilities in 2016, but still it can be scary to really accumulate bitcoin during those times and then also you might not have had gotten even lose to your entry-level fuck you status in 2017, even though the BTC price went up close to 50x during that time from $420 to $19,666.. .. .. yet it still can be difficult to get in at the bottom, and even if you ended up with an average cost of $1k per coin, you might have had been tempted to sell way too much too soon.. so then if you get back on track and you accumulate from 2018 through 2020, then you could have had been in a good spot for the 2021 price run.... but then there can be a lot of tinkering around, if you are not concentrating on accumulating bitcoin and making sure that you get enough or  more than enough prior to starting to sell any... since the top of the 2021 run was right around $69k, it was not quite as high (in terms of percentage moves) as compared with 2017, yet the 2022 dip was quite disheartening in terms of how much time we ended up spending below the 200-WMA... yet through all of this time, there could have had been opportunities for you to have had gotten enlightened based on your past experiences, and perhaps you learned to accumulate bitcoin rather than to be trying to trade it or trying to get short-term profits.

I am not going to proclaim any of these kinds of matters are easy, which is frequently that I try to suggest to both newbies and to experienced bitcoiners to continue to concentrate on accumulating bitcoin until you are quite sure that you have enough and better yet if you can clearly figure out a way to assess that you have more than enough (and better if you use the 200-WMA as your BTC portfolio valuation method rather than spot price), then if you can figure out that you have more than enough, then you are in a better position to start to sell, and still depending where you are at, you want to make sure that you don't oversell, since you should ONLY be selling from your "overaccumulation" amount and not from your base BTC stash.

And once you really get to a place where you are only selling from your overaccumulation amount of your BTC stash, then it seems quite likely that you can be sustained from your overaccumulation stash, you can increase your standard of living and you can continue to reassess from time to time regarding how much you are able to authorize to withdraw, which likely would mean that as bitcoin continues to grow, you are able to draw more and more from your BTC (in terms of dollar value) but the dollar value of your BTC stash is ongoingly and continuing to go up in value way more than the amount that you are regularly withdrawing/spending from it. .. but you gotta build up your BTC stash first and have patience for it to grow and to continue to build it until it gets to a large enough size that you are able to separate out spending portions of it while continuing to keep most of your value in the main portions of your BTC stash.
What a very good way to consider things about selling and accumulation. It's true that I have accumulated a bit in those early years of BTC but I've sold some from those points of ATHs that we've got in the past but the good thing is that I didn't oversold and still able to accumulate. And I think if ever someone has overaccumulated, it's better than someone overselling huge portions of his holdings. I'm glad that I didn't or I am just patting my back so that I won't remember mistakes that I did that can be considerably huge in valuation now knowing that the price of BTC has been up already. Well, considering accumulation and selling, someone's gonna be in a tough situation about being in both place but I think someone thinking about selling now is having a good problem compared to someone who's struggling to accumulate and didn't know whether they'll continue or not from this point because BTC keeps hitting new ATHs.