Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
laijsica
on 26/12/2024, 09:13:51 UTC
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.

Quote
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?.
The amount of bitcoin you will accumulate and hold for the long term solely depends on you because nobody knows how good your discretionary income is to tell you the amount of bitcoin you should accumulate. As far as bitcoin investment is concerned, you should be able to figure out the amount of bitcoin you can easily accumulate so that anything that happens along the line, you know that you are responsible for your actions. Before investors start accumulating bitcoin, they already set a target of the amount of bitcoin they want to accumulate in a certain period of time, and when they finally achieve the amount of bitcoin they wish to accumulate, they will stop accumulating bitcoin and channel their money into another business that will help them to sustain their bitcoin investment for how long they wish to hold their bitcoin investment.
Yes, many people can start by setting the amount and time to accumulate Bitcoin and they can also be careful about their goals and align them accordingly. There should be a different strategy for holding Bitcoin with the level of maintenance of real assets and prosperous finances. I will introduce here patience and confidence because price volatility can cause you to lose mental stability which can lead to a lack of long-term accumulating. You should keep a level of solution such as emergency funds and alternative sources of income between the initial review and implementation of the decision. If that investor gets the desired profit or can make a decent holding he can try to become more prosperous even if they reach their point. If the price of Bitcoin is dumping/pumping, then keep your mind set to continue your continuous deposit. For investors who can continue their continuity from Bitcoin, staying away from Bitcoin is equivalent to staying out of financial security.