This method will increase your financial resilience and security. Bitcoin continuous accumulation and compounded buying tend to decrease UP price, the longer you keep depositing. A reminder for you to understand the positive signs of Bitcoin future while it is in the market and apply the dollar cost averaging (DCA) method.
The question now is,
when should we sell it..? Of course everyone has what is called a need at any time.
Talking about selling is more of a trading and can lead people to wrong direction, the longer you keep accumulating the more profit you get , so selling shouldn’t be your major concern
Yeah everyone has a need at every given time that is why it’s alway advisable to have a reserve fund or emergency fund , it helps you sort out urgent needs with that selling your Bitcoin won’t be necessary and can be kept for a longer time with a good profit overly .
Anyone planning on selling bitcoin assets is absolutely a trader and not an investor, An investor should be more concerned about building a portfolio and continue accumulating consistently to achieve a desired set goal,
it isn’t a good idea to sell before prior to over accumulation which is considerably 10yrs it is more sensible to accumulate within this period of time and hodl.
And it is totally wrong for a newbie or a low coiner to be interested in making profit that would definitely cause distractions from accumulating bitcoin, having interest in making profits this are characteristic of a trader and not an investor, Bitcoin is quite the most reliable and secured means of investing that is why it is mandatory to invest in Bitcoin and accumulate consistently for a long term goal.
Over accumulation stage of bitcoin investment is not measured in length of time, rather, it is measured in the quantity by which your stash is bigger than your accumulation target. In the start of your accumulating bitcoin, you should have a target quantity of bitcoin which you are cut out to accumulate. When you accumulate past that initial target within your holding period, you are said to be in your over accumulation stage, the length of years you are set to hold is your holding period, 10 years is a good time frame, but you an exceed it if you are still very much younger.
if you set out to accumulate like 10BTC for example, and within your holding period, you successfully acquire 12.5BTC, then you are above your initial target by 2.5BTC and as such you are in your over accumulation stage.