To me, it seems quite unlikely and unrealistic for anyone to be able to accumulate enough or more than enough bitcoin in one cycle, unless he had been able to considerably front load his bitcoin investment from other funds that he has, and even if he takes close to a whole cycle to accumulate enough or more than enough bitcoin, he still might have to wait a whole cycle before he transitions from buying to maintaining and then to selling... and sure, my own preference is to figure out ways to sustainably sell bitcoin rather than selling most if not all of the bitcoin stash at once and then end up as a no coiner or a low coiner, which turning into a no coiner or a low coiner does not seem to be the reason to have had gotten into bitcoin... except maybe traders see bitcoin as something to get into and then to get out of rather than being something that is held for a lifetime.. and to just sell it as needed once reaching an overaccumulation status..
Hmmm that’s nice point selling all your coin after reaching your goal and becoming a no coiner is like you going back to your starting point . Which is not encouraging at all imagine selling something that took years for you to build in just one day , and we can’t tell if bitcoin may have gotten higher in price but we believe that bitcoin price will grow with time , so you selling when the price has surge with a massive increase, you won’t be able to buy cheaper like you once did if you have the mindset of buying back after a certain period of time , after selling all your coin . There should be better method of taken profits without selling all your coin.
Guys do have to figure out these kinds of matters for themselves, and I can see why someone who had been building up his bitcoin investment for 4-10 years or longer may feel like he wants to take some profits, and he might even get excited and sell too much too soon, such as selling 25% to 50% of his stash or more, but then if he really reflects on the power of bitcoin, he likely should be able to figure out some sustainable withdrawal systems that are either price based or time based that will end up resulting in his being able to continue to withdraw bitcoin yet to also be able to allow his bitcoin to continue to grow in terms of its dollar value (so he ends up largely sustaining most of his BTC stash, but still withdrawing from it on a fairly regular basis).
Sir JJG I think you are right but the truth is everyone has there plan and reason why they are investing, there are investors who are investing and holding for long term under duress and so whenever these investors get to a point they feel it is ok and they have hold for 4-10 years they won't care anymore, they will be selling anyhow they like because they were holding it
under duress but someone who didn't hold under duress will never sell 25%-50% of their investment because they understand and know the asset they are holding, then again investing under duress is not a good idea or strategy because one will consume everything in a short period of time after holding.
There is no qualifications for anyone holding their Bitcoin investment under duress to be called an investor, investment in Bitcoin for long term is by personal willingness and holding shouldn't be by duress, I even doubt if anyone can hold their Bitcoin assets under duress and be able to hold for long, Bitcoin is a freedom coin and anyone holding it should be able to exercise that freedom rather than holding under duress because that will only result to making an impulsive decision and it is not possible for anyone to hold Bitcoin under duress.
I don't think that it's normal for a Bitcoin investor to be emotional about his or her holdings, unless you are investing with an amount you can't do away with, but if you are investing with an amount you can afford to lose, bro nothing is making you emotional about your holdings
All investors are human, not robots or bots so human all have emotions and everyone is affected by human emotions. Difference is between people who can be more or less disciplined than others and have better or worse risk and capital management.
Those things are either well controlled or bad controlled that will decide those people reactions on a same market. You can have positive or negative emotion and feelings about the market but if you manage risk and capital well enough, and if you are disciplined enough, you will not either do FOMO purchase or panic sale. Because almost everything you do with your investment portfolio and decisions of purchases and sales are done very disciplined and less likely emotional affected.
That is why we must learn how to control our emotion so when we become an investor, we will not get the market affect. We can still calm down especially when the price fall but we can see a chance to buy back to add more amount. But if we don't learn anything, that will be a matter of time for us to lose our emotion control.
Having emotion control will also help you to prevent panicking when something goes wrong. You can adapt with the current situation without emotional because you are ready with that. With emotion control, you can run your investment without worry and still follow the plan.
It is very important for an investor to control emotions, if an investor cannot control emotions, he will not be able to sustain his investment for a long time, the market is never stable, and if you want to keep your investment in this volatile market uninterrupted, you cannot panic in any way, an investor makes wrong decisions because of his emotions.
The main thing is to never sell, just only buy, market declines are buying opportunities, but most investors make the fully opposite decision at this time, instead of buying when the market declines, they panic and decide to sell. And when the market rises again, they will just regret for the selling at that time.
So you can never panic in any way, People fail to make the right decisions because of their emotions, so if you want to invest in Bitcoin, you must keep yourself away from emotions, and always have the mindset to make the right decisions.
The thing that I did as investor is not too often monitor the market because that is the way to avoid me think negative and make me busy doing other things. This is the method that work for me so I can manage my emotion and not panic even when the price drop deeper like before. An investor must know how to manage his emotion because when he involve in something, he need to stay calm so he can think clear and react based on the current situation. Buy and hodl will be our purpose in Bitcoin investment so we must hodl on tight our Bitcoin and not selling it no matter if the market drops drastically. Just be patience and say to yourself that Bitcoin price will be back to the last high price and will jump to the very highest price.
As a long-term investor in Bitcoin, regular market monitoring can have a negative impact.
There are some who do not have a very good knowledge about Bitcoin, when they see a big price correction, they may fail to hold back their emotions, which can destroy their holdings. That is why it is better not to monitor the market regularly. If an investor is patient and tries to hold only, then he will definitely benefit from Bitcoin investment. In this case, DCA is the most useful method for investors. Among the investors, those who see the fall of Bitcoin as an opportunity will definitely be able to build a large portfolio of Bitcoin in the future.
There is nothing wrong getting updates about Bitcoin price changes by checking the market without allowing it to influence your investment decisions, and for those that are not much familiar or knowledgeable about the market volatility, they are advised to indulge in position sizing that will suit there risk tolerance level to the size they can be comfortable with and can increase as they gain more experience in the market.