~~
I attempt to practice what I preach, and sure I have learned over the years, too, and I have made various mistakes along the way.
Yet, many times in these forum threads, when I am talking about what guys need to do, I am frequently assuming that guys are in their early accumulation stages in regards to building their bitcoin portfolio, so I try to address my comments in terms of the most likely audience rather than talking about my own situation, since I had already been in bitcoin for quite a while and accumulating starting back in late 2013. It seems to me that newbies, and especially guys who are still in the earliest times of building their investment portfolios need to attempt to stay focused on continuing to build their investment portfolio, which takes a long time to build, especially for an overwhelming majority of newbies to investment and newbies to bitcoin.
When I got into bitcoin, I had already spent 20 years investing into other kinds of investments, so I was in a decently good position to front load my investment into bitcoin rather than strictly building from nothing, yet I still spent a lot of time DCAing into bitcoin for more than a year, which was a front loading way of getting into bitcoin.
I recall in late 2014, I was thinking that I largely had met my BTC accumulation targets which was reaching somewhere in the ballpark of 10% of my quasi-liquid investment portfolio into bitcoin, yet since the whole of 2015 bitcoin stayed down in prices, I continued to buy bitcoin and I ended up overaccumulating to around 13.5% of my quasi-liquid investment portfolio into bitcoin, so I felt somewhat overinvested, yet I did not take any drastic measures, and when the BTC price went up from around $250 per coin in mid 2015 to around $19,666 per coin in late 2017, my BTC holdings had gotten to around 85% of my quasi-liquid investment portfolio, and when bitcoin crashed into the $3ks in late 2018 and even in March 2020, my bitcoin holdings had gotten down to as low as 45% of my quasi-liquid investment portfolio... and so there can be ways to deal with these kinds over overaccumulation matters, and my strategies mostly emphasize holding, even though I really have not considered myself to be in my accumulation phase since early 2017 or so..
Of course your journey is good enough for you to review, we want to hear more about your journey in holding Bitcoin and it will all be an important experience for us in holding bitcoin in any condition that will happen in the future.
Well, how do you feel depressed when there is a sharp decline like in 2017 or precisely entering the gloomy years the following year. Do you think about negative things, such as the era of the highest increase will not be repeated or has ended at that time.
Of course, you are our mentor because you are an early investor who is involved in bitcoin. So you know strongly that bitcoin will change the world as we witness today. Well to support that point, can you share your predictions about excessive accumulation, whether you get money through loans to buy bitcoin or you sell everything you own such as cars, land to be able to buy bitcoin.