Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
batang_bitcoin
on 21/11/2024, 17:48:40 UTC
~snip~
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.

I am not sure if I completely agree with your comparison of the newbie to the one who has already accumulated a decent amount of BTC.  Surely the one who has already accumulated a decent amount of BTC, that person is going to have more options based on already having had accumulated BTC,  yet such person still could end up getting themselves in a pickle if they are overly selling and not even realizing that they are overly selling, but yeah, we cannot save anyone from themselves, since there are quite a few slippery slope matters when it comes to each person attempting to figure out his own 9 individual factors in which ONLY one of those factors deals with perceptions of BTC prices as compared with other places that money can be placed, and so it could become problematic for any newbie to be placing too much emphasis on perceptions of BTC prices, yet even a more experienced BTC accumulator could also get sucked into a similar trap based on his own overly weighting the BTC price matter instead of making sure that he really does sufficiently understand his spot in regards to the other 8 factors.

Of course, with your own 8.5 years in bitcoin (going by your forum registration date), you likely have had several opportunities to get better acquainted with your 9 individual factors (without only overly focusing on your perceptions of BTC price as compared with other possible places that you can put your value), so it is more likely that you are going to have developed some kind of a plan that is more in sync with your other 8 factors.. or at least putting those other 8 factors into your equation in terms of how to deal with various BTC price moves.
That's right, I think I am just fortunate that I was able to get in too early and did realized things early and thanks to your great reminders as well. These 9 individual factors are for real and I do understand why many can't do such the way we did it because with too many factors that have stopped or delayed them in accumulation. I've got some plans already but unlike the others, I don't have an exit plan just as how they're thinking of selling everything they own.