Quote from: SuperBitMan on December 05, 2024, 05:43:10 PM

Quote from: Popkon6 on December 05, 2024, 09:53:04 AM

Quote from: MusaPk on December 05, 2024, 03:58:51 AM

Those who have gathered enough bitcoins and see adequate profit may see some of there hodlings to enjoy profit before Christmas. Those who have just entered bitcoin must not sell just because price is above 100k and they are getting few bucks in profit.

I think the holders who sold at the full $100k price are fools. Whenever you focus on the price of Bitcoin, you can immediately fall prey to the unique investors who are fools. That is why the price of Bitcoin can hit $200k or even $500k in the future, it only depends on our future and we have to take the holding to the future, that is why our DCA method is the most important. Because it is possible to continue holding Bitcoin for a long time only by relying on the DCA method, I have kept my Bitcoin holding alive and have not sold it, I have given the most importance to Bitcoin holding, not the price of Bitcoin.

You are wrong for calling those who sold at $100k a fool because there are people who has gotten to a fuck you stage and for them they have accumulated enough Bitcoin that can even take care of them even if they stop working and there are people who has been accumulating Bitcoin consistently for 10 years now and when Bitcoin was not up to $10k if this set of people sell some of there Bitcoin they are not foolish.

The reason why you are calling those who sold at $100k is because you think everyone into Bitcoin investment just started there accumulation 2 to 4 years ago and even if someone has hold for 5 years and sold at $100k he is not foolish.

Probably it would be foolish for anyone to be selling large portions of his BTC holdings at or around $100k, even if he has been in bitcoin for a long time.

Quote from: Greyhats on Today at 12:29:59 AM

Lastly and something I learned along the way is I should have been even more aggressive than I was, I took a very low risk approach in and then over the years got more and more aggressive. In hindsight I could have been as aggressive in year one as I am now and still be ok.

That is a very good point. It is not easy to be aggressive in the beginning, since we are still learning about the investment, and surely one of the reasons that some of us attempt to emphasize getting started as soon as possible is because the more that we learn through being involved with bitcoin, the more we are able to set up both our finances and our psychology in order to be able to tolerate higher levels of aggressiveness in our BTC accumulation.

I woudn't kick myself too much for making mistakes because hindsight is frequently more clear, including showing us areas in which we can improve, and surely sometimes we might end up overcompensating in the other direction, and so no matter what we do, it can surely take time to build up an investment since frequently we ONLY have so much cash coming in that we can invest, and sometimes we have to hold some of that cash back in order to NOT make some mistakes, and frequently I look back at my own mistakes and I figure if their might be ways that I can tweak what I am doing in order to not make the same mistakes or to not go too far overboard on the other end, and surely, even our own brains can sometimes ONLY take so much change at a time... and we will go through our own internal dilemmas, so within that we realize that there is a pretty wide range of reasonableness and even some of the mistakes might not be as bad as we thought that they were, since we likely have some other things going on in our lives, and for example, if we had acquired $3k extra in October 2023 (and the then BTC price was around $27k), and we ended up dividing the amount up into three parts.. we bought $1k right away, we allocated another $1k for buying on dips and then we DCA'ed the last portion of $1k to add to our weekly DCA at an extra $100 per week over the next 10 weeks, and then afterwards we see that we would have had been way better off to just buy all right away, so then we have to figure out at any price point, if we are going to do it different if we were to get another extra $3k... how we going to tweak our plan to make it better. There is no exactly correct answer, even though we might still learn how we personally will tweak it differently in accordance with our own personal circumstances, or maybe we will come to conclude that what we did was the best we could have had done with the information that we then had, since we had no clue that the BTC price would shoot up from there an it would not dip in any meaningful way.