Quote from: Mahanton on November 21, 2024, 09:54:54 PM

Quote from: batang_bitcoin on November 21, 2024, 05:48:40 PM

Quote from: JayJuanGee on November 21, 2024, 01:06:16 AM

Quote from: batang_bitcoin on November 20, 2024, 10:14:18 PM

Quote from: JayJuanGee on November 19, 2024, 07:49:20 PM

~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.

This would really be that situational in speaking about selling whether everything or a partial of it. We do know that the main golden rule on this investment is that profit is profit.

The main goal of an investor need not be profits, but instead preparing himselves to have more options in the future, and surely profits could be part of the place where he expects to be, but an investor is not necessarily maniacally focused on profits.

Traders tend to focus on profits, and in bitcoin so many traders screw up (and they might even think of themselves as investors since they do not know the difference between trading and investing). Frequently the traders screw up in bitcoin because they are thinking about short term dollar profits - whether or not they might be able to buy back cheaper, but if they end up selling way too many BTC too soon, then they end up missing out on profits from the price going up.. ... and surely great BTC price volatility can be confusing for investors as well as traders, yet it becomes dangerous to be selling and expecting to accumulate more BTC at a cheaper price... even though it can also be painful if the BTC price suddenly drops 20% or 50% or even greater than that.

If an investor has a long timeline, he may or may not be in profits for his first 4-8 years of accumulating BTC, depending on how the accumulations had been taking place, yet if the BTC price goes shooting up, he can become confused about what to do.. and then he might get unlucky by selling too much BTC too soon (and then also screwing up his BTC accumulation system and psychology) or he might end up getting lucky to buy back cheaper.. .. but he still ends up gambling/trading even if he might be referring to himself as an investor.

I suppose in the end you can think about matters how you like, including thinking that everyone is thinking about profits - which I think is causing you to think about the asset wrong.. but whatever you do you, and hopefully not too many people adopt your narrow way of thinking about what is investing and how investing differs from trading.

Quote from: Mahanton on November 21, 2024, 09:54:54 PM

If you do have the chance or opportunity to secure out profits then do it but since there are things which are really that more worth to hold then it will really be that not ideal that to make out such actions. Every actions made isnt something that could be considered bad all the time because there are situations on which people been holding into something which is really that good for short term and there are ones which are really that good for long term.

You sound confused. there were a lot of guys selling their bitcoin in late 2023 in the $30ks and $40ks and the BTC prices did not return to those prices. There were also alot of guys selling in the $70ks and $80ks, and so sure the BTC price might go back to those levels, but how are those profits doing for them right now?

It seem to me that part of the focus of the investor is to keep buying, and sure if somewhere down the road he has a sufficient amount of BTC, then he will also likely have more options, just like you perhaps have more options since you (@Mahanton) have been in BTC since early 2016 (going by your forum registration date), yet there are still a lot of newbies to bitcoin who likely need to build up their BTC holdings prior to fucking around with selling or overly concerning themselves with profits.... I cannot assume your situation, especially since you are getting close to 9 years in bitcoin, so surely it could be possible that you have accumulated a decent size BTC stash, to the extent that you did not devolve too much into trading over the past 9 years rather than investing... which surely there could be a lot of ways that you might have had been able to accumulate (or overaccumulate) BTC in the pat nearly 9 years.

Quote from: Mahanton on November 21, 2024, 09:54:54 PM

It will really be just that depending on a certain individual about on how they would really be handling out their investments. It will really be that too impossible that you cant be able to determine those moments
on which needing up to secure profits or hold up your position.

Again.. a trader's way of framing matters, and you are referring to such as an investment approach.

Quote from: Mahanton on November 21, 2024, 09:54:54 PM

Actually its never been that simply neither on buying or selling out your positions on which we know that when it comes into this aspect on where every decision would really be that crucial because you wont really be able to know whether its the right time or moment that you are really that dealing into.

Maybe we should work out your numbers Mahanton?

If you had been investing in bitcoin since your forum registration date (Feb18, 2016) at $100 per week and not fucking around with selling, just buying $100 per week of BTC, then you would have had invested right around $45.8k and you would have accumulated just over 13.5 BTC.

Has whatever you been doing with your trading performed better than that?

Even with those numbers, such person might not be in a position of over accumulating of BTC... Since I am not sure if 13.5 BTC would be enough for a person who is investing aroudn $5,200 per year, and maybe presumably with an income of between $30k and $80k, and surely 13.5 BTC would be getting close, and ONLY after less than 9 years investing in BTC.. through a practice of ongoingly accumulating BTC through DCA.