Re: Buy Buy Buy or Sell Sell Sell?

Well selling some percentage of my investment to even buy more may not be a very bad idea... While we are preaching buying and keeping we also need to know that the future is not promised. Nobody is guaranteed of being alive in the next 10 years - fate decides. In the meantime my investment strategy is buy more and sell less... When the future finally comes, I'll have more than enough bitcoins to leverage and in the present I take advantage of every good enough opportunity.

How will you be selling your Bitcoin investment and still be trying to buying more Bitcoin? Which kind of idea is that? If I should even ask, why did you decide to sell some percentage of your Bitcoin when you know you want to accumulate more? You are trying to be smart, but you will get it wrong if you start using that idea.if you sell your Bitcoin, you may not see the opportunity to buy back at your target price. In fact, I would say that you are trying to turn into a trader with that idea you may hardly grow back your wallet. As an investor, buying and selling is not always the best approach,rather, it’s about accumulating over the long term before selling. And again, if you don’t need the money, it is not necessary to sell after that long run of 5-10years.

This is exactly what it means to be a long term investor, you do not accumulate more Bitcoin to sell in other to start accumulating again that's a total waste of money and opportunity since it is not possible to buy back at the same amount you bought your holdings as you clearly had explained but a long term holder can decide to sell when he had reached his planned year that he initially said he was going to sell and the price of Bitcoin must be in favourible price before he decides to sell and he must have accumulated a good number of Bitcoin before selling if not there's no need of holding Bitcoin if the plan is to sell and start accumulating again.

An clear understanding of been an long term investors mindset as a long term investors you need to avoid accumulation of bitcoin in other to sell and start accumulation again, as an long term it requires to be patient and discipline to hold onto your bitcoin for an extended period time and you need to understand the concept of an long term avoid making emotional decisions based on short term market fluctuations.

You are absolutely correct, your last point make a lot of sense and actually the reason why some investors sell off there Bitcoin is because of emotion, some investors after having the mindset of holding for a long term and they see the market movement and they saw a little profit, some investors will be tempted to sell off there Bitcoin and some investors actually do sell whenever they saw something like that simply because they can not control their emotions and this is one thing someone ( an investor ) who wants to invest for a long term should work on because if they didn't work on this they will be selling whenever there a little profit.

Let me correct something those that sell when they see any little profit from there Bitcoin are not investors they are traders and I really don't see there emotion as a reason for selling when ever there's a little profit they are not just investors and they don't have the mindset of accumulating and holding for a very long term the mindset they have even before starting there accumulation journey is buying and holding till there's a little profit and they sell, those who came to Bitcoin to invest and hold for long term won't be moved by there emotion to sell because of little profit the reason they may be tempted to sell there Bitcoin is during time of emergency and when there backup funds can't handle the situation they may be tempted or have no option than to dip hands into there Bitcoin investment.

You are partially correct because not all investor has the mindset of buying and selling back because of little profit rather what makes some people sell is because they can not control their emotions, have you ask yourself why some great Investors get moved whenever the market dip so much? Do you know what makes investors panic? Whenever the market dip they are been drive by their emotions, there emotions will make them think different things at that instant and if they can not handle it they will sell off and they sell not because it was there initial plan no, they sell because they can not get ride of their emotions. Emotions is what one should deal with before investing.