Quote from: I_Anime on Today at 12:55:31 AM

Quote from: JayJuanGee on Today at 12:13:05 AM

Personally, I don't see any reason for newbies to be focusing on profits, since it could take 4 to 10 years or longer to establish a position, unless they able to front load their investment.

Bitcoin is amongst the best, if not the best investment available, so I am not sure what purpose is achieved by attempting to trade it rather than merely accumulate it until arriving at a point of overaccumulation.

Is just that most folks usually bring their trading mentality into bitcoin thinking that they are playing it smart and same time misleading others, when you want to really enjoy your bitcoin investment you would have to put in the work first which is accumulate till you have reach your accumulation goal , then you can choose to scrape some profits while you keep holding .

Once you have gotten to your accumulation selling all your bitcoin won’t be smart either rather you can choose to be taken some certain percentage from rather than just selling what take you years to build once, bitcoin investment is all about building.

It seems to me that if a person spends 4-10 years or longer building his bitcoin investment, then at some point along the way, he will start to figure out ways to manage those holdings, whether it is maintaining them or starting to sustainably withdrawal from them, and I don't really think of sustainable withdrawal as profit taking, even though technically it is profits since it is most likely that we would be in profits after 4-10 years or longer investing into bitcoin, yet it is not guaranteed that we will be in profits either.. So we could end up not being in profits, and so then i suppose whatever might be our status might affect whether we continue to accumulate bitcoin or maybe we choose to just hold through it or if we might either get out of the investment.

Surely the size of our bitcoin stash and perhaps our other investments that you have and/or income sources and/or various life circumstances will help to inform each of us how we might want to proceed under a variety of circumstances in which we are assessing the performance of our bitcoin holdings as one of the (9) personal factors.

Even in our earlier years of investing into bitcoin we might look at BTC prices and/or our level of profitability, yet our way of planning should go beyond profitability in terms of figuring out what it is that we might need to do to increase our discretionary income and/or to be able to buy more bitcoin in various ways that is sufficiently aggressive and focused, yet without overdoing it. We want to be able to survive 4-10 years or longer and to still have most (if not all) of the bitcoin that we had stacked along the way, instead of saying that I used to have 30 bitcoin, yet now I only have 5 bitcoin due to mistakes of "selling too many too soon." Sure the statements right now are likely to be different from the statements in the future when the amounts of bTC that are able to be accumulated over 4-10 years or longer may well be a lot fewer than the quantity of bitcoin that were able to be accumulated by guys who started out at various earlier times... a guy who started in 2013 will likely have had been able to accumulate more BTC than a guy who started in 2016 as compared with a guy who started accumulating in 2019 as compared with a guy who stared in 2022 as compared with a guy who started accumulating BTC in 2025... each 3 years makes a difference in terms of how much focus a guy might have had in accumulating bitcoin, and if the guy is just coming into bitcoin in 2025, then he cannot go back to 2013, 2016, 2019 or 2022, and even guys who were in bitcoin at those earlier dates, and if they ended up making a lot of mistakes, they can ONLY fix their mistakes from today. They cannot go back in time and to accumulate bitcoin as they should have had done, if their mistake had been that they had been too whimpy in their BTC accumulation or if they were fucking around with trading rather than accumulating through focusing on buying.

Quote from: $crypto$ on Today at 12:55:37 AM

Quote from: JayJuanGee on May 05, 2025, 07:31:24 PM

I consider bitcoin to be a lifetime investment, so once you reach overaccumulation status, then you would start to have the option to sell within the overaccumulated amount, and so I do not consider bitcoin to be an asset in which you might spend 4-10 years or more accumulating it and then you sell large portions of it or even all of it.

After reaching the accumulation limit of more than say 10 years of doing it and bitcoin is already in the range of $500K, it will sell bitcoin partly for sale because the goal has been fulfilled from the initial investment plan.
So I will not continue to hold for as long as possible, there is a time to sell but now is still not the time because it is still planting and until the harvest arrives after 10 years.

If you engage in various forms of sustainable withdrawal, then there is no need to think in terms of selling your bitcoin, but instead figuring out ways to sustainably withdraw whether price based and/or time based ways of executing.

Even if you are in your accumulation phase it does not hurt to think ahead in terms of how many BTC that you believe that you might need, yet as you are accumulating bitcoin, you can also ongoingly measure and to figure out systems that help to inform you about how many bitcoin that you need based on you expectation of the standard of living that you want to maintain and/or other factors that likely differ for guys who might transition out of accumulation and into maintenance prior to transitioning into either liquidation or sustainable withdrawal, even though surely I think that sustainable withdrawal may well start to become practical even once a guy gets to his maintenance stage - especially price based.. I talk about both price-based and/or time-based sustainable withdrawal ideas in my sustainable withdrawal thread

I have a hard time imagining bitcoin to ONLY be in the $500k price range 10 years from now, even though the 200-WMA may well be around that $300k to $600k range, yet the 200-WMA is considered a bottom price, so bitcoin prices seem to spend an overwhelming majority of their time 25% or higher than the 200-WMA.... yet of course, there are no guarantees either. You can see my somewhat outdated projection of the 200-WMA (listed as BTC bottom) in my fuck you status chart.