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Anyone who sells always at a slight rise would definitely, at one time or the other run at lost or quit bitcoin investment. This is because no one has control over market behaviour. Bitcoin lost over $3k already today and could either loose more or gain by tomorrow. That's it's nature and that's what makes it unique. I have a friend who emptied his wallet due to the prolonged bear run that just ended. He is already in regrets now. We can't know it all and that's the beauty at all time.
Whether one trades or invests, he should expect that there could be times that his BTC holdings are at a loss, and surely there is some benefits to just keep buying bitcoin in order to keep stacking for at least 4 years and then maybe after that point there may be some time in which the BTC holdings are no longer at a loss, yet there still may be advantages to keep stacking bitcoin until such person reaches a status of having more than enough bitcoin... and yeah, maybe the accumulation of bitcoin is going to last for 4-10 years or longer?
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For me over accumulation stage is determine by our standard of living, my overaccumulation stage not being your own overaccumulation stage is because we have different standard of living and not because of the level of our source of income and capacity like you said.
For example if my standard of living makes me to spend $200 every day what will be over accumulation for me won't be same with someone who spends $100 a day or every 2 days, so is just about our different standard of living there are some set of people having 1 Bitcoin is nothing to them they prefer 10 or more because of there standard of living.
And again it can be determine by different future standard of living by different people, some set of people who are not living a high standard may wish to live a high standard and there over accumulation won't be same with someone who just wishes a medium future standard of living.
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Your way of explaining this is strange BitBakerr1, since overaccumulation reflects a status that we arrive at, even though there can be various ways to get there.
So if we spend 4-10 years or longer accumulating bitcoin, maybe we are accustomed to a certain standard of living... perhaps we need $40k annually to live, yet we might choose to accumulate bitcoin until we reach a status that is double our current standard of living.. so then if our goal is to get to $80k annual, then if we accumulate beyond that amount, then we are in an overaccumulation status for any amount over the amount of our standard of living target.
So yeah, overaccumualtion does relate to our standard of living status or even our standard of living goal that we aim for (and we can change it), and if we accumulate bitcoin that will support us beyond our targeted standard of living status, then the amount of BTC that we accumulate beyond our target amount would fit within overaccumulation status.
The reason that we talk so much about reaching overaccumulation status is because it seems that we need to be a bit above our accumulation status goals in order to be able to comfortably begin to spend from our bitcoin, and if we want to stay in overaccumulation status, then the amount that we withdraw on a regular basis would be less than the amount that would cause us to no longer be in overaccumulation status.
Now during the period that we are accumulating bitcoin and trying to reach overaccumulation status, we can accumulate in an aggressive way or we can accumulate in a whimpy way or we can accumulate in a way that is somewhere between whimpy and aggressive. We should be able to choose our level of aggressiveness, and likely the more aggressive that we are able to be, then the more likely we can reach overaccumulation status sooner, yet it still may take many folks, even if they are aggressively accumulating bitcoin, way more than 10 years to reach overaccumulation status.
I don't agree with your idea of demonising selling of Bitcoin because there will always come a point when you need to take out some money from your Bitcoin investment so that you can also enjoy the fruit of your labour. Even JJG created a thread on Bitcoin withdrawal strategy, a beautiful thread and tool created to ensure that one does not harm his portfolio while trying to take out some funds.
If you don't have a target before starting your Bitcoin investment, there is a possibility of making mistake such as selling when you think you have gotten enough or investing more than you should which will stretch your finances thereby forcing you to sell.
Using myself for example, my plan is to build a good Bitcoin portfolio now that I'm still in active service using my salary and other passive incomes so that when I retire from active service, I wouldn't have to worry about anything since money will no longer be a problem as part of my Bitcoin will be used for my needs while part will be kept for my children as inheritance. With this plan, I don't have any reason to think about selling now because my objective is a long term one.
Sure a goal can be to continue to accumulate wealth in bitcoin as best as you can, but you also might have some ideas of either timeline or even quantity of income that you would want the bitcoin to be able to replace... so for example, if you currently have an income of $40k, but you expect that in 10 years you will have an income of around $100k - partially due to promotion yet partially due to the ongoing debasement of the dollar.. then perhaps in that timeline you might have a goal that you would like to be able to have your bitcoin replace and/or supplement your income.. and maybe you have some flexibility in regards to if you will keep working, reduce your work or just to potentialy start to spend bitcoin even while you might still be working.
In contrast with odohu, I agree with you JJG to a great extent however, looking at the registration date of most of us here on this thread, including newbies visiting off and on its quite obvious that we shouldn't even be thinking of selling at any point yet as long as we have everything in place before embarking on the bitcoin investment journey or even if we don't have it all sorted out but along the line we are making it, hence i presume that we are all still in the accumulation stage. Buying should be the priority over selling even do taking profit might be considered but as for the journey I'm pretty not sure a good percent of us (newbies in bitcoin investment) have a solid portfolio to practice the sustainable withdrawal ideas JayJuanGee shared in his other threads hence only a few infact little to nobody is able to practice that because we have a little portfolio hence are meant to be fixed more on accumulation that withdrawal or profit taking.
Even if any of us get into periods of selling bitcoin, I personally don't like to consider selling as profit-taking, and yes I presume that many guys are going to need 1-2 cycles at minimum to be focusing solely on accumulating bitcoin through buying and not including any selling techniques, since selling is not a good way to assure that our bitcoin holdings are ongoingly growing.
So, even though we can presume that a lot of folk are in their first cycle of accumulating biticoin and/.or we can look at tyheir forum registration date if they don't clarfiy for us when they had started to accumulate bitcoin, yet at the same time, guys are not in the same position, even if they still might be newbies in their bitcoin accumulation. Some guys are well into their careers, and maybe they had even been investing in other things for a while prior to hearing about and starting bitcoin, and some of them have finished their schooling (including their college, and others might still be in college and perhaps without much discretionary income), and surely not everyone chooses to go to college or believes that college is a good way to go forward with their adult life, so some guys might choose to enter into businesses and so they may also want to invest in bitcoin while they have their own business, so surely we might presume that most folks do not have other investments, there are going to be quite a few exceptions, too.
Of course, some guys identify bitcoin's investment thesis from the start and other guys are not very convinced about bitcoin (perhaps even skeptical), so we cannot even presume that guys attitudes are the same, even though we should presume that it is good for everyone to get started in bitcoin, yet they still have to figure out their particulars and their position size and various other goals. When I am describing a hypothetical guy with some particular circumstances, then surely those examples might be helpful for some guys, yet other guys might need to adjust some the circumstances to try to fit the hypothetical guy to their circumstances or to adapt the scenario to their circumstances, whether it is age, or the number of years of work, the income level, the level of discretionary income, the extent of having had made other investments or other kinds of circumstances taht I might outline in order to attempt to make some points.