Quote from: passwordnow on Today at 11:54:47 AM

Quote from: JayJuanGee on January 19, 2025, 11:44:11 PM

Quote from: passwordnow on January 19, 2025, 10:32:56 PM

That means that volatility is a good thing for risk takers like us. We've seen the opportunity from within and by the time that we've seen it going to get bigger and we've invested some of our funds that we afford to us, we did the right thing. As for me, I've sold some before we've seen these highs and I am still thinking about that mistake but I cannot dwell in that have to learn from that mistake and it's best to hold for as long as we can. And if we cannot hold for any longer, we have to control ourselves or if we decide to release some in the market and let the other holders get it, we need to be decisive.

Yep.. a lot of dumbies sold some or all of their BTC around $100k, and expect to buy back cheaper, such as below $85k or even lower like $69k-ish.. .Sure anything can happen, yet I doubt that they will end up being able to achieve what they thought in their attempts to play their expectations of BTC price waves.

Of course, since you have a forum registration date of March 2016, you might be more at liberty to shave off some of your BTC, yet you seem to be already suggesting that you sold in anticipation of buying back cheaper, which causes me to speculate that you have not yet reached a status of overaccumulation...so anyhow, I frequently repeat my own mantra that BTC accumulation is done by ongoing, persistent, consistent and perhaps even aggressive buying of BTC, and selling BTC should not be part of any non-gambling BTC accumulation strategy.

Otherwise you shared some decently good ideas in your post, and you also seemed to have had admitted that you were gambling when you sold some of your BTC.. so at least you admitted that wrong (dumb, greedy) part.. hahahahahahaha

Those words striked directly to me because out of needs, I have to sell some of my stash even before it hit $100k but that's fine, lessons are learned the expensive way. So, those that have sold at $100k were even better than me. But that's a mistake that I've learned for how many years until now. I cannot say if I am in overaccumulation or not but one thing for me is I'll never stop to accumulate and I'll continue to do it to at least get some quantities that I've sold too early. With this expensive lesson that I have learned, I am sure that there will be people that will have their fair share.

I doubt that you could be in a state of overaccumulation without knowing it, yet surely it can be difficult to figure out ways of dealing with our BTC accumulation process and to figure out ways that we would not end up selling BTC when we are still in the process of accumulating it.. but yeah, people will frequently get mixed up between investing and trading and even wrongly start to presume that they are going to be able to sell and then buy back cheaper, which many times just ends up screwing up their BTC accumulation focus.. so some folks might have had been able to focus on accumulating BTC and to reach their BTC accumulation goal, but they think that they are going to short-cut the process, and they end up with either fewer BTC or having to throw way more dollars into bitcoin in order to get back to where they were prior to their selling.

No one can really tell anyone else how to deal with their BTC accumulation strategies and approaches, even though there are some better practices that attempt to stay focused, yet at the same time, there are also needs to attempt to tailor whatever you are doing to your own circumstance, and for example to hold back some cash so that you have reserve funds when you have unexpected expenses coming up or sometimes guys make mistakes of being overly aggressive in their BTC accumulation, and then they realize they need some of that money for their expenses since they had miscalculated some of their cashflow into the future, and so having back up funds can frequently help in managing some of the mistakes that any of us might end up making at various points in our bitcoin accumulation journey.

Some guys also get tempted into trading/gambling, it is not easy to suggest that guys stop with what they want to do, yet some guys are able to place limits on themselves (such as no more than 10% of the BTC stash for gambling, trading and/or shitcoins, yet at the same time, gamblers frequently have problems sticking with any of their self-imposed limits since it can become overly tempting to jump into some shitcoin that seems like "an opportunity of a life time" and blah blah blah.. they end up fucking up their own self-imposed limits. Hopefully you are able to figure out some kinds of a reasonable balance for yourself so that you are ultimately not ending up in a position of getting distracted out of what should be a focus on BTC accumulation until you are able to figure out what your target level is or should be and I am not even saying it is easy to figure out targets based on your own figuring out the details of your individual factors, which are also likely somewhat of a moving target, too.