If anyone was not very clear on a strategy to accumulate bitcoin, in these recent posts is a summary of JJG's strategy that he has been explaining in other threads as well.
I think that you are saying the same thing as me, Poker Player (or at least something very similar), but you are saying it differently.
I would say, that you should not be authorizing yourself to be selling any of your bitcoin until you have clearly reached a state of overaccumulation, and since there are so many ways to measure overaccumulation, guys seem like they wrongly assess that they have reached such status of overaccumulation before they have, since they are tied to some of the traditional ideas of reallocating their bitcoin, which seems to be somewhat how bitmover is thinking about his BTC stash. Sure, in the end, bitmover, and any other forum member can do whatever they like, yet to me it seems quite short sighted to be reallocating out of BTC based on BTC price appreciation rather than ongoingly, persistently and consistently buying BTC until they are really sure that they have more than enough.
On this point you are right but I have not advocated exactly the same thing and I will explain why. If a guy starts accumulating bitcoin and has a modest salary, of which he can save let's say 10%, to buy bitcoin it's going to be many years before he can accumulate enough for a fuck-you status. Then let's say that, being generous, that person reaches more than enough bitcoin in three cycles (we can assume that during that time he receives raises at his job and extra money in bonuses or other forms). 12 years saving without being able to enjoy the profits is a long time, although the most profitable thing in investments in general is not to touch them, and I would bet that very few people keep an investment 12 years without touching it that is not in a retirement fund. But apart from that, it's 12 years without having made a single bitcoin transaction.
So, what you say is mathematically the most reasonable, accumulate aggressively until you are sure you have more than enough, but in my case what I have done is to take advantage of the bull markets to make partial sales, sometimes directly spending the bitcoin to buy something, which seems to me to have two advantages.
1. You can enjoy a little the profits of the investment. It's more of a psychological issue than anything else for me.
2. You learn how bitcoin transactions work in a practical way. You know what it is like to send a transaction with the average fee at that moment and it stays stuck in the mempool for a while because there is a huge dump of transactions from a casino, an exchange or spammers with their images. You learn and perform RBF, for example.
This I have always done with small amounts of my total bitcoin, which from a mathematical point of view is stupid, I admit. Because if I use a tiny part of what I have when the price reaches $120K, I will keep buying later when it reaches $200K, but being very small parts of what you have I do not see it wrong for the above. I already have two investments in which I put money and I don't enjoy the profits such as paying the mortgage and putting money in retirement funds, so enjoying a little of the bull market doesn't seem bad to me, and at the end of the day my total net worth, whether in bull or bear market, whether I have sold a little of my bitcoin or not, continues to grow, which I think is what is important.
Although, yes, I admit that what you propose, not selling/spending any of your bitcoin until you have more than enough, is the most mathematically correct thing to do. Although for me, if someone like bitmover for whatever reasons has been selling parts of his bitcoin but always keeps part of his net worth in it, it is OK, although he himself admits that he sold more than he should have in the past.