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.
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.
We might see some wallets that have not been moved for 10-ish years, yet we cannot presume that those users don't have other wallets, so they might have transactions with some other wallets.
For that, their accumulation strategy is at once with one purchase and forget about it.
Some of them truly could have had forgotten about it if it might have had been a few hundred or even a few thousand dollars... but sure the various hype cycles along the way should have had reminded them about the coins.
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.
Some people do seem to get lazy in terms of holding coins on exchanges, but yeah, it seems that a person need to learn how to keep his own keys and perhaps somewhat separated from easy access, but still probably testing keys every year or two, so for example if a person might have 90% of his coins held in private control... but sometimes it can make a difference if a person has already gone through accumulation and then stops or maybe the person might have some coins in ways that he can interact with his bitcoin if there are opportunities, even though no one seems to want to sell their coins.. such as sell and replace.
If you choose to delay your Bitcoin investment you are not losing anything at that moment, some people choose to delay there Bitcoin investment because they want to build a strong emergency, reserve and float funds first, yes you can start your Bitcoin accumulation and also be building your backup funds which is your emergency, reserve and float funds at same time, but one thing we most no is that is not every human that likes to rush things some set of people usually don't like doing two things at a time especially when it involve financial resources, it could be that his or her financial strength can't carry both Bitcoin accumulation and building a backup funds at same time, so if a person is delaying because he wants to take his time before going into Bitcoin accumulation is not a bad idea, it is better to start late and accumulate enough later, than to start quick and end up stopping and even selling of all your Bitcoin because of financial issues, if you know your financial strength can carry both building your Bitcoin and your backup funds then you can do it but if it can't then build your backup funds to an extend before starting your Bitcoin accumulation.
Everyone definitely has their own way of investing in BTC, such as some who collect reserve or emergency funds first before accumulating BTC, but there are also those who don't and they immediately simultaneously accumulate BTC while collecting reserve or emergency funds. And of course in this case in my opinion It depends on the person's readiness whether they want to choose which method, because of course everything also has advantages and disadvantages, but yes, in my opinion, both methods are good.I agree with You opinion, it would be better if our want to collect BTC, it would be better to prepare an emergency fund first, yes, even if for example the investment is late, we will collect BTC calmly and even if there is a sudden need in our lives, of course the BTC that we have collected will not be sold. . I think this is a good idea friend.
Of course, you can do whatever you like, but all methods are not equally good even though you can equally choose whatever method you like, even a dumb method and even a whimpy method, but a whimpy method is not as good as an aggressive method, even though you are 100% free to choose the inferior method because whimpy works for you.