Re: Buy Buy Buy or Sell Sell Sell?

Our motivation to sell should not be driven by the profits we see in our investment, but the termination of our holding period. If we target profits only, then we are not much different from traders, rather you should be more focused on reaching your accumulation target and/or even attaining the status of over accumulation within our holding period. It is a very good practice to keep enlarging our portfolio regardless of market sentiments and movements since it enables us to remain focused and dedicated to our ongoing accumulation journey. When we have more than enough coins and the profits already compounded, it surely sounds like a better deal and by the end of our holding period (4-10 years or even more), we can choose to keep holding or if we are satisfied with our stash, we can initiate some sustainable withdrawal practices and gently begin to live off our bitcoin investments

I can never do that. No matter how much I collect, it's never enough and I never want to sell. I'm sure you won't want to sell after you've invested a lot of money into Bitcoin, because you'll regret it whenever you sell. Bitcoin is always finding a new top. Those who sell are always sorry. The best thing is to keep buying and never sell until you retire. If you are retired, of course, you can live a comfortable life by selling it piece by piece. But if you are still working, there is no reason to sell early if you are at a younger age.

I am very sure 1000%, for those who sell when the price goes up and make a profit will definitely regret it, I am very sure. Because I also felt this at the beginning, but over time I realized it because the increase in the price of Bitcoin will never end and the price will continue to rise past ATH and new ATH which is a very promising long-term investment if we continue to accumulate it by doing the DCA method and continue to hold it and as you said until retirement or old age is a good choice so that in old age we feel a peaceful, calm and also happy life especially in terms of finances with our beloved family. And this is enough for me as motivation for the future that must be done consistently because most parents in old age are always considered troublesome for their children and this must be a real motivation so that we do not bother them because of financial problems even those who will still need us.

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.

One thing we need to understand about Bitcoin investment is that, for you to become successful as one of the crypto or Bitcoin investors, you need to take your eyes out of the market chart. Keeping your eyes on the price of Bitcoin could mislead us and can put phobia in us that could make us stop buying some units at a constant intervals. Obviously I can ready the market chart and make some analysis because I've traded the market many times which had made me realized that trading and investing at the same time could mislead us, especially making us to want to take opportunity of the slightest market reaction.

Holding has been the key to become a crypto profitable investor and this secret has been hidden from major people that intend to make more from the crypto market. I have learnt from the hard way which had enlightened me that buying and selling after a quick bull movement would always give us a small profit compared to what is ahead of us.

The bigger picture is what many of us should keep our eyes on rather than trying to take ignorant advantage of the market when price of Bitcoin starts going bull. We make more money by holding for a long time than taking short profits which is always a sign of hidden trap for greedy investors.

Being able to know and read the current market price in bitcoin chart is not overly a bad one as a bitcoin investor, this will equally helps to give a more clearer understanding of the progress of your investment. It’s not possible that someone will venture in a business without knowing how the business is actually doing at the moment so that you’ll be able to employ the best strategy to keep it going and keep track of your investments or bitcoin portfolio.

Being able to know and how to read the current market price in Bitcoin chart is not a bad thing but as an investor it is not necessary because knowing how to do all that won't add anything to you and going dip to learn all these, I will say or believe you have an ulterior motive because an investor doesn't really need to learn or know all... Moreover, knowing how to read Bitcoin charts won't make you know how your business is doing because anytime you entered your portfolio you can see everything there very bold and clear as a matter of fact, a long term investor is not even suppose to give a shit about how his or her portfolio is doing and you are sounding more like a trader because investors, long term per say don't really need these stuffs.

it is true that reading and analyzing market prices certainly does not hurt, even in my opinion it would be better if we could read price movement charts and others. but yes, for long-term investors, of course they will not focus too much on price charts, it will not be a problem because long-term investors are certainly the safest thing for them to harvest it someday after a long period of time.

investing in btc is certainly very easy and certainly without having to look at the price, of course it will be safe because of course btc has great potential to have a bright future. but what is certain is that we must be prepared for the risk and of course only money that is ready to be lost is worth using to buy btc.

For what is worth, BTC is like every other appreciable asset that grows in value, you cannot say that only money that is ready to be lost is worth using to buy BTC, that's like referring to BTC like a gambler, where the risk of winning or losing is 50/50. I want you to get this clear, a real estate developer that chooses to invest in real estate in a choice area knows that over time the value of his assets will grow and for that sake, whatever money he is using to invest in that asset is not worth losing but should rather appreciate in value. So bitcoin investment is like an asset that you are investing in and you know that in the future this asset will in return grow in value, and so far, Bitcoin has shown how magnificent it can be. Such doubtable mindset was in the early days of Bitcoin and for not todays reality that we've seen how powerful a Bitcoin asset can be.