Part of your historical problem (that you seem to be repeating) is that you have been holding too much in cash.

So then on the other side of the bet, if the BTC price goes up, will you run out of BTC.  Most likely you will, which is part of the problem of disproportionately holding value in the dollar rather than in bitcoin.

Sure, your situation may well be somewhat unique (and perhaps even appropriate to yourself) since you are in your late 60s as compared with someone who for sure know that they have a longer timeline.

One of the more important questions for many guys would be that they need to be building their BTC stack and preparing for up, and sure there is no problem to have some money to be available for buying extra BTC on dips, yet the main method that bitcoin newbies (or anyone in their earlier stages of BTC accumulation, such as less than a whole cycle) should be mostly buying bitcoin regularly, consistently, persistently, ongoingly and perhaps even aggressively.  Buying on dips that may or may not happen is not a good strategy for those who consider themselves to be low coiners and/or still largely in their stages of accumulating bitcoin.  In other words, you cannot assure any capacity to accumulate bitcoin by selling BTC and hoping to buy back cheaper, but instead by ongoing buying bitcoin and not selling it.

Sure at some point, some guys might reach a point in their bitcoin accumulation journey in which they have enough BTC or more than enough BTC, yet I doubt that the selling of any BTC should be for the purpose of wanting to buy back cheaper, but instead merely selling from the more than enough portion of their bitcoin stash... so if a person were to have a goal to have an $80k per year income, then I would consider that right now his threshold level of bitcoin would be 17.83 (which would be withdrawing the $80k per year based on the 200-WMA valuation and a 10% per year withdrawal rate based on the dollar value at the 200-WMA rate).  

However, if the guy actually were to have 21 BTC or more, then he would have 3.17 BTC surplus, and surely he would be in a good position to be cashing out from his surplus BTC, whether he did it on a monthly basis to reach a $6,666  per month income or if he were to do it on some other periodic basis. I personally believe that if he has the minimal threshold level of BTC, then the value of his BTC would be growing faster than the rate that he is cashing out.


There are still trade-offs if you are holding back some money for buying the dip purposes.

I am not trying to suggest that you do not employ tactics to buy the dip, yet I do object to each of you (GIF-JOBS/Agbamoni) trying to suggest that there are no trade-offs if you are choosing to hold back some money for buying the dip rather than using that money right away to buy BTC...and perhaps to keep in mind that dips may or may not end up happening.