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.
You are absolutely right. Like I did a lot of trades here and there in the past and I got most of them in a loss, luckily they're all affordable losses and I thought that even with TAs, FAs and other types of looking at the market, it is not for the likes of me. It's true that many assumes to sell at a higher price and then awaits for the price to dump especially for BTC and then the accumulation comes again. It doesn't go like that and it's effortless to just simply hold and do nothing and wait until you're seeing your portfolio grows. I am sad with all of the mistakes that I've committed in the past but that's giving me the balls to understand deeper the market and myself on how I'll react to the market whenever it goes up and down. I am having anxiety attacks from time to time which is different on my status nowadays, I'm not sure how it goes but this also affects my decision making nowadays but soon this shall pass.