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.
Well, yes, it can become somewhat easy to get lured into putting the theoretical idea into practice to sell higher and then to buy lower, but then the price ends up moving all over the place, and there ends up being a lot of waiting and even trying to figure out how much lower is a reasonable amount, so no one really knows a couple of those parts, so then the person who is trying to increase his profits and to lower his costs per BTC ends up getting caught in a never ending psychological loop of waiting and trying to achieve higher levels of perfection and therefore perceived profits at a later date.
If you are able to get over your obsession of costs and/or profits, and merely focus on figuring out your budget so that you are able to buy bitcoin every single week (or some other reasonable consistent basis), then you will likely end up building a way better mentality and even getting into a zone in which you are controlling exactly how aggressive that you are going to be based on a lot of factors that are way more measurable and knowable by you, which is how much income you have coming in and what kinds of expenses you have, and even what might be your various kinds of cash reserve levels that you are able to tolerate.. and perhaps whether there might be ways for you to increase your discretionary income by increasing your income and/or decreasing your expenses and at the same time perhaps potentially holding some cash on the side for buying on dips.. to make yourself feel better and to provide some psychological relief for periods that the BTC price might dip.
Sure none of it is going to be perfect, and you might even have decently high costs per BTC and even potentially be in the negative for extended periods of time, yet if you are ongoingly, consistently and persistently accumulating bitcoin for many years, then probably after around 4 years, your average cost per BTC will gravitate towards the same as the 200-WMA.. and most likely from there on out, you likely will have better chances to be consistently in profits, especially if your costs get to a point in which the 200-WMA is going up faster than your costs, and so you more likely are going to feel more and more confidence about your own level of financial solidness (even if we also know that the BTC price is not guaranteed, yet at the same time, we have ended up employing very good and solid practices, and hopefully also maintained some balance in our lives in regards to our cashflow and potentially even building stronger and stronger cash cushions with the passage of time -
even if we might end up spending a couple of BTC cycles still accumulating BTC, unless we might be able to hav e some periods in which we had been able to front load our BTC investment or even if we might have had some lump sum investing abilities at various points along the way.. so maybe even if we might have an income of around $30k per year and we had been investing bitcoin at about $100 per week, so perhaps after each year we have invested around $5k into bitcoin, yet every once in a while, perhaps once or twice a year, we might either have an opportunity to earn more money or maybe we receive a bonus and then maybe if we have some periods in which we get an extra several thousand dollars invested into bitcoin, we might end up feeling even better about the rate at which our BTC holdings might have had ended up growing at a faster rate than we had predicted... especially if we tried to be realistic in our projections, then sometimes we might end up doing even way better than we thought that we were even capable of accomplishing.
So, yeah, it can still take a very long time to build up a bitcoin investment portfolio, yet at the same time, we seem to be way more likely to show progress when we have some kind of a consistent plan and we are not fucking around trying to trade and trying to strategize in ways that end up wasting a lot of our time and perhaps ending up where we are not even doing better than we would have had done just to stay focused on ongoing BTC accumulation through ongoing buying and not placing very much emphasis on the current price.. and perhaps then after 2 or 3 cycles, we might well have ended up in a position that we never imagined to be possible and largely because we were able to stay focused for a decent period of time and to build our BTC holdings at no matter the cost... so that we are assured that each month, our quantity of BTC is higher than the previous month, and sure we can see that some months have higher increases than other months, and so we can also create systems to make fun with how we monitor and measure our progress, whether the BTC price is up, down or sideways, if our BTC quantity is continuing to grow, then we likely have better chances down the road to be grateful to ourselves and to our practicing discipline within a system that works... without gambling with our BTC... even though sometimes we might need to manage some of our wallets, so maybe every week we buy $100 worth of BTC, and every 1-2 months, we transfer our accumulated BTC from an exchange to a private wallet, and we continue to learn about various ways to make sure that our BTC are secure and protected and we are not putting them at risk, even though sometimes there are various practices that are needed to be learned in order to improve our security practices yet without making it overly complicated either..since we would not want to lose our bitcoin based on our making our system overly complicated.