Quote from: Futurexxx on Today at 08:45:57 AM

Quote from: Tungbulu on Today at 07:07:48 AM

Quote from: JayJuanGee on Today at 02:45:30 AM

These are not necessarily bad ideas, since surely after a whole cycle there is likely a certain amount of BTC price performance, and even if a guy mind spend a lot of time accumulating bitcoin in his first cycle, then he may well end up with a lot more options after the second cycle, so yeah, I can agree with those kinds of ideas... but still your talking about profits seems like such a trader way of framing matters, and I doubt that it is helpful or realistic to be framing matters like that.

Ok.. sure the bitcoin that we accumulated the earliest in our bitcoin journey are likely way more profitable than the bitcoin that we accumulated later in our bitcoin journey, yet even with myself, I went back and looked at some of my old records, and it sometimes becomes a bit difficult to measure how much I spent and how many bitcoin I got for that money, so then it might be more difficult to know some of the specifics as compared to having some better ideas about how many bitcoin you currently have, and whether how many you have is enough to accomplish what you might want to accomplish.. such as if you were to start to withdraw them from time to time, you might not give so many shits about how much they are in profits or not in profits, but instead you might become more concerned about do you have enough bitcoin to start to spend from your stash because I would presume that if you are spending from your BTC stash, then you are either presuming that you have enough or that you have more than enough, and you are selling portions of your stash that are more than enough.

How would you be motivated by your assessments of your profits if you are thinking about do you have enough BTC and can you start to spend from your stash? We are going to presume that you are in profits if you are starting to sell some of them, no?

I’m also very much of the opinion that focusing more on profits when investing in Bitcoin can be considered to be more of a trader perspective and this is a very flawed and unrealistic way to approach our Bitcoin holdings, I’m solidly with you on that assertion.

Whenever an investor begins to consider using or selling some chunks from their BTC stash, the focus should be less about the profits and more about whether they have enough to cover or actualize what they want. It’s more of a shift in the mindset from “how much can I really make” to “do I really have enough to cover my needs?” So yes, if an investor decides to sell some BTC from their stash, then that should be because they feel that they’ve got enough BTC or more than enough to actually cover their needs, and so the profit aspect becomes less of a concern to the investor.

It's very true that at the end of the day, it's all about the money, but I totally agree on what you said here that focusing too on profit making when investing in Bitcoin is a major distraction that might warrant you to sell due to temptation of profit making opportunity, so it's best pay less attention to the performance of Bitcoin in the market and focus more on accumulating more stash of Bitcoin since it hasn't gotten to that goal of holding for like 10 to 20 years time from now, because as a Bitcoin investor, if you pay too much attention to the value of Bitcoin, the profit you may have made already will definitely tempt you to sell off at some point, so even though profit making is one of the actual goal of holding Bitcoin, it shouldn't be something you pay much attention to, if not you will sell when you out not to.

You are actually correct, too much attention on profit in bitcoin investment can really have a negative effect in our investment or holding though the objective of this our investment is to make out something tangible in return that is if we are able to hold for a given period of time that is holding for a long..., and that is the reason why we should use money that will not affect or have a negative effect on us while investing in bitcoin even though something went wrong but it will be rare to see something go wrong in bitcoin but the only thing that can only happen is the high volatility of the market (variation or fluctuation) and when we use this kind of money to invest you wont give a shit about your investment because it is something you have made up your mind that even if you lose it you do not give a fuck but i think while some investors give a shit about or pay too much attention to the profit is that they invested what they can not let go and some people are just short term investor which is not different from a trader.