Bitcoin investment isn't something that needs to be rushed although there are tons of person who have even gotten the idea of bitcoin through the perception of bitcoin being something thats very easy to make quick funds from which is entirely not the case as with bitcoin investment you will have to sacrifice alot to keep your investment standing strong if not you are gone. But the fact still remains that not everyone is willing to have the mindset of playing the patience.
I would like to say that those people who always have the mindset of making quick funds from Bitcoin are the ones who do not understand that Bitcoin is all about investment and is reason they keeping losing their funds time to time.In an investment, it always takes a long period before an investor starts thinking about taking profits from the investment. Instead of thinking about profits, they should focus on investing more and more so they can have a larger portion of the investment.
For anyone who treats Bitcoin as an investment, I expect that person to hold onto their Bitcoin for a very long period of time. In investments, things don't just happen overnight. It will surely take time before someone starts seeing the benefits of the investment.
Bitcoin has made some people rich, but the truth is that those investors were patient enough. In fact, many of them are still patient, continuing to buy more Bitcoin to top up their wallets because they know Bitcoin is here to stay and more profit make in future.
Once you reach a status of overaccumulation, you may well feel that you do not need to buy any more BTC, except maybe on extreme dips. So you might go from buying bitcoin regularly, to buying bitcoin on dips, and then just selling small amounts as the BTC price goes up or perhaps selling at various timelines, as I discuss in
my sustainable withdrawal thread.
So for example, if your goal is to have
21 BTC (based on today's value and what you believe that you can do with that based on 200-WMA valuations of such a stash), yet over the past 10 years you have 35 BTC, then you have around 60% extra BTC from your own specific target, and you don't have to sell your extra BTC at one time, you can instead just use your extra BTC as kind of cushion to sell small portions of the extra whenever you like, and so even if you might be selling some of your BTC from time to time, the whole value of your BTC holdings may well be growing at a faster pace than you are selling it... so you end up having the good problem of trying to figure out ways to increase your spending.
You can also measure the value of your holdings based on the 200-WMA rather than spot price, even though sure, if you are buying and selling, you are doing that at spot prices, yet the use of the 200-WMA as your BTC valuation metric can help to ground you in terms of coming to better decisions regarding how to manage your BTC holdings.
I agree with you that the real Bitcoin lovers are those who have knowledge about the nature and bright future of Bitcoin. So they do not want to waste it by trading. They spend whatever time they get in other professions and try to hold more Bitcoin with the money earned from there.
Those who sell when they make a small profit are not investors, they are short-term traders. If you want to invest in Bitcoin, you must have such a mentality that my invested money will last for a few years or centuries and I will survive here until the end. Basically, Bitcoin is for those who are patient, not for those who are in a hurry.
Bitcoin lovers certainly know the future potential contained in bitcoin. Because of course they did an analysis of Bitcoin and they definitely found something that showed Bitcoin's great potential. However, in my personal opinion, it is not correct to say that only an investor can be called a Bitcoin lover. Because even a trader, I think they also really like bitcoin. That's why they choose to trade bitcoin and not altcoins. So in this case, in my opinion, don't corner traders too much on bitcoin. Because after all, with bitcoin traders, the bitcoin market becomes more lively.
Therefore, even though I am a bitcoin investor, I have the assumption that people who trade bitcoin are not wrong. It's just that they won't get the maximum results that an investor would get. Additionally, regarding what you said about investing in Bitcoin for ages, I think it sounds a bit unrealistic. Because investment is aimed at various things, but certainly for the future to be better. But if you say it for centuries, I don't think it makes sense. Because we don't necessarily live a century. So the realistic investment time in bitcoin, is 10-15 years for people over 40 years. And 15-20 years for people in their 30s.
Bitcoin traders are wrong because they are placing extra risk onto an otherwise good investment. If for some reason they cannot control their temptation to trade, then maybe they should limit their trading to less than 10% of their bitcoin stash, but their problem is that they likely cannot limit themselves, and when trading there tend to be slippery slopes of wanting to do more and more and more and not being able to place limits on such bad thinking and bad ways of managing something like bitcoin.
Sure, younger people have longer time periods, but they don't necessarily need to limit themselves in terms of their timeline, so if they are able to reach a high enough BTC accumulation level, then they can still pull the fuck you lever and just live off of their BTC.. The main issue for anyone is to not make mistakes in terms of how they calculate whether or not they have reached an adequate (or more than adequate) level of BTC accumulation, which again, I think that BTC HODLers (no matter the age) should be measuring the value of their BTC based on the 200-WMA (bottom prices) rather than spot prices which tend to be all over the place... .and surely each of us is responsible for figuring out how much is enough and more than enough so that we don't make the mistake of thinking that we have enough, when we don't. Another mistake that people tend to make is to prematurely spend down their principle, rather than spending from the price appreciation that allows the investment to be gaining in value faster than it is being spent... And these kinds of matters can be reasonably calculate in reasonable and prudent ways that assure that you don't pull the fuck you lever too soon and you manage your BTC holdings properly.. and I suppose another issue is to make sure that your BTC are adequately protected so that you don't end up losing them.
Investment exists fore a reason - to reap the rewards eventually.
So getting 10-20% out and continuing with the same reliable strat is totally viable.
Because if you only accumulate - you won't have reliazed PNL in the end.
It depends on when you plan doing this, If you do it at a point of over accumulation, there is surely no problem, although I see it as too much to shave off at once, but at the level of your ongoing accumulation journey, and when you might have not accumulated enough, then it becomes a problem for you to always want to prey on your portfolio before maturity, and you may likely end up increasing the percentage over time and liquidating your portfolio and having nothing much, if at all to show from your periods of assumed accumulation.
You need to discipline yourself to only accumulate persistently, consistently, aggressively and committedly over your holding period, thinking of preying on your investment before maturity might not end well and selling off too soon makes you a trader.
In bitcoin, I am a pretty big fan of incremental withdrawals rather than making BIG withdrawals, yet of course there is a certain presumption that no withdrawals are really happening prior to reaching a status of overaccumulation... and also if someone is shaving off 10% to 20% at one time, are they doing that with expectations to buy back cheaper?
Surely, people can do what they like, and if a person had spent quite a few years accumulating, they may well be in a position that shaving off 10% or 20% is not really a big problem, yet they might be mislead if they might be shaving off 20% to put into real estate, and surely they need to realize that the real estate is likely not going to be holding its value as well as bitcoin, but still people do make their own personal choices which sometimes makes sense in regards to their own balancing of their personal matters...and surely shaving off 10% to 20% after the BTC price had doubled or tripled or gone up 4-5x would not be unreasonable, especially for someone who is already feeling that he is out of his accumulation stages, and he had reached a status of overaccumulation.