Quote from: EFS on Today at 12:48:27 AM

Quote from: JayJuanGee on Today at 12:21:24 AM

Quote from: BitcoinAI.Pro on January 18, 2025, 02:41:52 PM

Not too late at all, $200k is a probable target on 2025 or 26

I am glad that you are so bullish.
Cheesy

It's an AI, of course it will support another AI, ChatGPT. Grin

It's not too late to buy Bitcoin, it's too early to sell it. I always sell early, that's why I regret. I wish I didn't have to spend any BTC I've earned until this time. But even if I'd done that, I would've said the same thing after I sold it. You can't hold an asset forever without selling it. At some point you have to realize the profit.

I just posted on this very question in another thread, which we might say that the question is if a person might not end up selling too much too soon as long as he can limit his selling to 10% per year or less. It seems a problem of "realizing profits" is that guys go way overboard, and they (you) are not just taking profits, but you are selling way the fuck too many in part because you are greedy and wanting to buy back cheaper rather than really taking profits and just being satisfied with some kind of a limit (such as no more than 10% per year, and if you are worried that 10% might be too much in down years then just do a smaller amount in down years (such as between 4% and 6%) and limit yourself to no more than 10% in up years).

Quote from: JayJuanGee on Today at 04:54:27 AM

Of course, many folks end up selling way too much of their BTC stash too soon, yet there are a lot of scenarios in which we might imagine someone buying way more than 5 BTC in 2011.. and even if the guy bought 1,000 BTC at $5 each in the beginning of 2012, there could still be strategic amounts of selling of the BTC stash every single year, even 10% of the holdings sold every year, and still end up with 271 BTC today..so the person would still be in quite good shape, even if he had sold 10% of his stash every year.

There is nothing wrong with selling BTC every year, especially once we have a decent-sized BTC stash, and surely in 2012, 1000 BTC with only a $5k investment might not have seemed like enough in order to start selling, yet by the beginning of 2013 or even the end of 2013, there might have been more reason to feel like shaving off 10% of the investment, and perhaps the guys who got into trouble seem to be the ones who sold too many too soon.. and so they might not have been able to limit themselves to selling only 10% per year... and even 10 % per year does not seem to be too much too soon, yet any of us who might be concerned about selling 10% per year, then we could likely sell 4% to 6% per year and then see how that goes in order to preserve more of the BTC stash and then see if you might want to up the sale amounts later down the road.

Quote from: JayJuanGee on Today at 04:54:27 AM

Of course, many folks end up selling way too much of their BTC stash too soon, yet there are a lot of scenarios in which we might imagine someone buying way more than 5 BTC in 2011.. and even if the guy bought 1,000 BTC at $5 each in the beginning of 2012, there could still be strategic amounts of selling of the BTC stash every single year, even 10% of the holdings sold every year, and still end up with 271 BTC today..so the person would still be in quite good shape, even if he had sold 10% of his stash every year.

There is nothing wrong with selling BTC every year, especially once we have a decent-sized BTC stash, and surely in 2012, 1000 BTC with only a $5k investment might not have seemed like enough in order to start selling, yet by the beginning of 2013 or even the end of 2013, there might have been more reason to feel like shaving off 10% of the investment, and perhaps the guys who got into trouble seem to be the ones who sold too many too soon.. and so they might not have been able to limit themselves to selling only 10% per year... and even 10 % per year does not seem to be too much too soon, yet any of us who might be concerned about selling 10% per year, then we could likely sell 4% to 6% per year and then see how that goes in order to preserve more of the BTC stash and then see if you might want to up the sale amounts later down the road.