Quote from: Proty on December 25, 2024, 10:26:34 PM

Quote from: sotelorene on December 25, 2024, 08:57:44 PM

Quote from: Barikui1 on December 25, 2024, 08:34:39 AM

Quote from: temple on December 24, 2024, 11:24:48 PM

Quote from: Churchillvv on December 24, 2024, 10:50:34 PM

Perhaps I may not know the amount (dollar) which you put into bitcoin (daily, weekly and/or monthly) however I would say even in the next 4 years you might still want to be in your accumulation stage, of course there are people here who have had bitcoin from the last 4 to 8 years yet still prioritize buying more bitcoin or in your terms still in their accumulation stage. No matter the level of aggressive buying one might do with the level of confidence in bitcoin, I still see reasons even after 10 years as you said to keep buying more bitcoin.

Taking the OG's from the wall observer thread including JayJuanGee for instance still sees reason to keep accumulating more bitcoin even after so many years of buying, hence I put it to you @Mayor of Ogba that buying bitcoin shouldn't have a year limit as newbies as we may not even be able to accumulate enough bitcoin within the expected years. I encourage buying bitcoin regardless of it's price untill one have a significant amount of bitcoin sitting in a cold storage where it would be more safe to hodl.

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so I am not selling my bitcoin cheaply to anyone because it takes me a lot of time to accumulate the amount of bitcoin I have now.

Perhaps, selling is never an option to use newbies in bitcoin investment, I personally haven't seen a reason to sell because with the basics we have acquired in bitcoin investment we shouldn't in the first place buy bitcoin with a certain amount of money that we cannot do without in a long period of time and before investing some considerations are being made like having an emergency funds that can serve at least 4-6 months hence keeping hands into our invests wouldn't be an option.

Wouldn't it as well be smart to say that accumulation stage should go on for as long as it is realistic that bitcoin will be in accumulation stage. For example, if I reach my goal and own like 1 BTC, but I see the statistics and know that 2% of the world's population now own BTC, but regulatory bodies are more prone to support BTC development and purchases through government organizations and businesses and it becomes evident that they are not against BTC. They pass laws that allow non-custodial wallets without sending you though cumbersome processes like KYC for every address you own and many other bad things. You realize that BTC has a bright future and you also realize that barely one owns it, would it then be right to stop accumulating when probability is high that BTC accumulation is only about to get started?

I think the right decision would be to then maybe adjust your goal and accumulate further as your estimate is that the market has upside potential. Unless you reached certain limits within your wealth distribution preferences, but stopping when you see it is about to get going should perhaps alter the first decision.

In my own perspective, I think that the ideal time you feels like you have accumulated enough Bitcoin is up too you as an individual, though as humans we always want more, but in life we will definitely get to that level where within us, we can admit that if we stop now, we can as well be ok with what we have, so till we get to that point, I don't see any reason to stop accumulating Bitcoin when it's still very cheap as now.
Lastly, we all know that the stash of Bitcoin in your possession determine how wealthy and profitable you might become in the future, so till you get to that point of satisfaction, you wouldn't even see any reason to stop accumulating Bitcoin, because you aren't satisfy with your current stash of Bitcoin in your possession.

If I may ask how much Bitcoin do you think one will have and said it is okay for me perhaps let me stop? And why will they stop when they have all it takes to keep the investment running smoothly?. Then again I feel the only people that will think of stopping their investment because they feel they have accumulated enough are people who are struggling to accumulate it because if you are accumulating Bitcoin with little or no stress definitely you wouldn't want to stop no matter the amount you have I mean it is just like saying I'm tired of doing business that will give you a good return in the future looking at it potential. However, I wouldn't want to say for everyone but me personally I can't stop accumulating no matter the amount of Bitcoin I'm holding provided it is not stressing me.

Well it is quite wrong to think that it is those that are struggling to accumulate bitcoin that will feel that they have accumulated enough. All investors have there investment timeline as regards the numbers of years they intend to hold there bitcoin either 5-10yrs or more depending on investment timeline which they can decide to be withdrawing profit from there investment after reaching the anticipated timeline. Also an investor can stop his bitcoin accumulation journey owing to health issues and also age can be a constrain why an investor can feels that he has accumulated enough bitcoin. So it is not financial constrain that can make an investor's to feels he has accumulated enough bitcoin. sickness, age, investments timeline and others factors etc

I agree with you Proty. In addition to what you said, an investor can feel that he has accumulated more than enough bitcoin and use diversify the funds he is using on buying bitcoin into another asset, because he doesn't want to rely solemnly on only his bitcoin investment in future but needs other asset like bond, stock e.t.c to balance his risk. However, it's better you don't diversify if you don't know how to do it properly and stick to only your bitcoin investment.

If you have observed the market, those big whales buying chunks of bitcoin already have an investment which makes it easier for them to diversify some of their shares in bitcoin investment. Government has what generate income for them so buying bitcoin isn't a problem.