Quote from: Ruttoshi on Today at 07:38:49 AM

Quote from: ginsan on January 24, 2025, 09:35:22 PM

Understanding from the perspective that has been carried out by many early investors who have successfully held their bitcoins since 2013, of course we are curious to know how they could forget about their investments for quite a long duration.

I mean, they buy in large quantities and forget about their investments. Because from the various Bots that I see on X, telegram or others where there are so many old wallets that have 1k btc, 2k btc and 3k btc are active again when btc reaches $100k.

Whatever it is, I am amazed by the way they run their investment in bitcoin.
First, they keep their private keys as well as possible, because they are not active for 10 years after there have been no transactions whatsoever. Second, they do not sell any btc at all at ATH 2017, 2021 but are active when they reach $100k.

For that, their accumulation strategy is at once with one purchase and forget about it.

I think it's the best step to make one option if we are satisfied with DCA and when there is big money in terms of income/bonus we can buy it all at once in another wallet and forget about it. But remember the private key must be stored as well as possible, that's the important key.

We can still do the same with our current bitcoin portfolio that we are building and it isn't compulsory to have a separate wallet for that. If you are only buying and have reached your bitcoin target, you can keep on buying if you are not satisfied and when you feel that you have more than enough Bitcoin in your possession, you can leave for investment for another ten years by just hodli.

However, you have to have build a solid financial streams where you cash inflow comes from, so that you wouldn't see your bitcoin investment as an option to tap little profit from for survival.

Yes, it would be a more impressive adjustment to start with a lump sum purchase while continuing to buy gradually.
But I mean, when we are satisfied, Of course there will be an adjustment that we will plan in a more aggressive accumulation stage. So I mean, the adjustment is in a big purchase and forgetting it all at once.

Different from what you describe but it is quite right because we keep buying and buying before we reach a certain point in the bitcoin accumulation target.

But in my post, of course there are many things I want to know, I mean how an old investor or someone who has been involved since 2013 buys bitcoin in large amounts and can forget about it.