Re: Buy the DIP, and HODL!

It appears that some investors may not really understand what it means to hit a state of overaccumulation or a fuck you status, some believe they’re ready to start withdrawing when they’ve stashed out a good amount of Bitcoin, which is absolutely false. If an investor is still seeking to get his hand on more bitcoin and still wish to accumulate more, then that’s a pretty good sign that they’re yet to hit a state of overaccumulation and therefore not a good time to start initiating a withdrawal because they’re still pretty much in an accumulation phase, which is a pretty wrong time to thingk about using or withdrawing their Bitcoin.

Yeah, many people often think that this overaccumulation state is when they’ve managed to accumulate a lot of Bitcoins, they mostly feel they’ve reached this stage before they actually do get there, so it’s good to remember that the take home from this is that, when an investor still feel the desire to accumulate more bitcoin, that’s a pretty good sign that they’re yet to reach that state.

I believe the over accumulation status has it's reference on your accumulation target, whether you've exceeded it or week within it.
Let's take for example, someone with a target of accumulating 15BTC, ends up getting 20BTC before their holding period terminated. Such a person is now in his over accumulation phase.

Now considering the fact that the person desires to have even more BTC to his portfolio and resets his accumulation target to 30BTC, then such a person switches from being in over accumulation stage to being in an ongoing accumulation process and should abide by the principles of consistent, committed and aggressive purchases until he reaches his new target, possibly surpasses it and returns to an over accumulation stage again.

I think setting a target of reaching a particular amount when accumulating Bitcoin is okay however to avoid being tempted to withdraw when you reach that account so quick is better we set a target of accumulating and holding for a particular year maybe 5 to 10 years or even more will be better, the reason why I'm saying these is because what determine how successful you may be in your Bitcoin investment journey is not the reaching a particular amount but holding and waiting till Bitcoin breaks a great price record.

Sometimes you may feel that you are in a position to be consistent with your income and you are interested in saving Bitcoin but it is a realistic dream for you. You need to be careful about the environment in which you are buying it such as researching the market system, taking care of your family, having a backup fund, etc. Your investment will depend on the length of time that you have available as an alternative income. If you have a small discretionary income it will not affect your investment you should have a proper understanding of how to use that money properly. I am saying that you should be consistent in saving Bitcoin even if it is in small amounts. You mentioned a 5-10 year horizon, I think you can get a decent sized portfolio within this period, but it is better to plan with a longer term goal. Maybe even until your retirement. You will consider the excellent price record, at the same time you will have to make every effort to grow your holdings and have a backup fund and patience to protect those holdings.