Buying bitcoin to hold for a long time is the most of all because it comes with lesser risk compared to other forms if investment and trading, all it may requires form us is to understand and have the ability of knowing the best time to buy and for how long to hold before selling, by doing this, we may eventually ended not being out of moves, because we are already standing on a right position as we hold, but some don't have the knowledge of why they must do this and avoid doing other things, because the main purpose for us to invest is with the intention of making profits, but the real fact is that not everyone investing are getting it right to making the profit.
You, Doan9269, seem to be describing a trader mindset rather than an investor mindset, since with an investment that might be a timeline that is 4-10 years or longer, and yeah, perhaps 10 years or longer is a better way of thinking about it since the lower timelines of 4-10 years might only have legitimate reasons to get out of the investment for health and/or age reasons.. Otherwise maybe 4-10 years might be considered to be bordering on trading rather than investing.. since an investor might take many years to establish a bitcoin position, maybe even 1-2 cycles just to establish a position, and then maybe if the investor takes 2 cycles to establish a position, he might spend 1 cycle waiting before transitioning into sustainable withdrawal stage... That would add up to 3 cycles in total, which may well bring many investors to needing to plan 12 years or longer for their bitcoin investment.
I appreciates your further enunciation on this, because we need to understand why we must invest and as well the required time frame for us to hold before we can be profitable at it, which some of us mistakenly or unknowingly got wrong when differentiating from Investment and trading.
Now i understand that we need to proof ourself an investor being able to hold and have this done for some years in other to appreciate the value of our investment in a profitable manner, an holder must be able to afford waiting for two to three market circles before making decision on sale, same applies as you have mentioned that it can also take up to a market circle for us to find a suitable entry into the market and invest to hold.
Some guys think that they need to trade in order to help to get the bitcoin to work for them, and so to attempt to get more profits out of bitcoin to be able to sell high and buy low, yet anyone who already has an income that produces decently good discretionary income may well end up screwing up his ability to build his bitcoin stash because when he sells to buy back lower, then he is engaging in gambling since the BTC price might not go lower and/or it might not even go close enough to being sure exactly when and how much to buy back, so then the guy ends up screwing up his focus and he no longer is focused on ongoing, persistent, consistent regular and perhaps even aggressive accumulation of bitcoin.. so then he may well end up with way less bitcoin based on his losing focus. .and he might think that he is trying to accumulate more bitcoin, but his actions are not actually resulting in the surety of accumulating more bitcoin that comes from ongoing and persistent buying of bitcoin.
It could be that some guys cannot resist the temptation to gamble and so maybe they would like to sell some portion of their bitcoin, such as 10% and then just keep on buying, and so I suppose that I am not really opposed to guys trying to figure out if they can be creative in regards to attempting to accumulate more bitcoin, yet whenever they sell up to 10% of their holdings, they likely are no longer accumulating and if they do accumulate, they are selling with one hand and buying with the other, which just results in more fees and some lack of certainty in regards to when and how to get back in.
Ongoing buying does help to keep the BTC stack growing and sure it may well take 2-3 cycles or more to really build up a bitcoin portfolio to a status of overaccumulation, unless the person might be able to frontload his investment and surely there are some guys who also receive pay bonuses 2-3 times a year that they may well be able to buy bitcoin right away or perhaps create some system of buying on dips to supplement their ongoing DCA practices.
Each guy has to decide, and if you fuck up, no one is going to suffer or feel sorry for you, except yourself.. .so you are responsible for your BTC portfolio building and getting to an overaccumulation status, which also may well not be an easy thing to achieve.. .but you have complete control in regards to how you do it and if you end up sabotaging your own building of your bitcoin holdings.
You are wrong because there are times when investing aggressively becomes necessary to achieve some targets or maximize opportunities. Aggressive investing is not entirely bad if all the minor ingredients are in place and it is done within the discretionary income. Just to through more light on this, aggressive investment is like someone whose discretionary income is $2,000 and decide to invest as much as $1,000 which represents 50% of the funds. This user is aggressive because he would have condition himself to avoid leisure and some other unnecessary things to be able to build a good Bitcoin portfolio within a time he would have set for himself or take dip he would have noticed in the market. This does not mean in any way that aggressive investing ignore the need for emergency funds or others, it is more connected to the passion and determination of the investor.
Therefore, the focus should not be too much on self-imposition. It is okay to be aggressive because aggressive buying can still be justified but it must be in accordance with the financial limits we have, meaning that we can still balance our primary needs in real life and investments made without exceeding the income we get every month.
Being aggressive does not only mean buying a large amount directly but also those who make purchases without a limited time frame can also be said to be aggressive purchases, for example those who originally buy once a week are changed to a week 2 or 3 times it can also be an aggressive step taken and it is okay for them to do as long as they are aware of the risks and can minimize or manage their finances well so that what they do does not make them difficult at the end because they cannot bear the risks they have.
But even though this is okay to do, it doesn't mean we have to do it if we can't afford it because after all, a strategy like this certainly also triggers a much greater risk than ordinary purchases and when it will be done, we must indirectly be prepared with all forms of conditions which of course this is based on the economy we have.
Buying bitcoin does not mean that we go overboard at any particular time and/or with any particular purchase (or set of purchases) that we choose to make. If we make a mistake and we invest money that we actually need for our expenses, then we are overaggressively investing into bitcoin, and so if we merely call it being aggressive, we are ending up wrong and we have to suffer the consequences for our not knowing the difference between aggressive and overaggressive.
I will agree with any assertion that it is better to error on the side of being less aggressive rather than making the mistake of employing overly aggressive practices, and probably it is even more important for beginners to error on the side of not overdoing it, especially while they are getting used to investing and perhaps even learning the boundaries of their cashflow management practices while they might also be building up their emergency funds too, while investing into bitcoin at the same time...so yeah, a balance is likely important to make sure that none of us ends up overdoing it and then recking ourselves in the early years of our bitcoin investment since it is likely important to keep building the bitcoin investment from a solid foundation without setting ourselves back due to our becoming too aggressive too soon.
We should want to survive in the short term, but also survive in the long term, and so building good habits from the start is good, yet at the same time, the more we get used to recognizing boundaries between aggressive and overaggressive then the more that we would be able to maximize our aggressiveness, while at the same time knowing that we are not overdoing it, such as also having back up funds available in case we make relatively small mistakes along the way of learning.