Of course, another problem with selling too much too soon is that we would never really know for sure when to get back in, so then we spend a lot of time waiting for the price to drop to some kind of a target price, and maybe it drops and maybe it does not. If we are still accumulating bitcoin, we might end up waiting and waiting to buy, and instead of buying regularly, persistently, ongoingly, consistently and perhaps even aggressively, we are waiting.  Waiting is not a good strategy for anyone who is still in their accumulation stage and who has not yet reached a high enough status of accumulation or a status of overaccumulation.

Guys can do what they like, yet in bitcoin, we have a large number of bitcoiners (perhaps low coiners) who end up selling way too much of their bitcoin too soon, even when they should be accumulating bitcoin and they may well even consider themselves to be accumulating bitcoin, yet they are engaging in conduct to sell bitcoin with a purpose of buying more of it, which is contradictory and does not help to bring them to their goal of reaching overaccumulation status.. .which is a place that most of us should want to be, even if our numbers in regards to what is overaccumulation status are different.

Right now, I would  consider a person who has a goal to have an $80k per year income to be at his threshold of overaccumulation status with 16.837 BTC. Sure, if he has a few more bitcoin (maybe something like 20 BTC for cushion of 3.163 BTC) then that makes it easier to make sure that he does not ever dip below overaccumulation status in the event that he wants to enter into either price-based and/or time-based sustainable withdrawal.

I doubt that selling and/or trading as compared to strict regular, ongoing and perhaps even aggressive buying helps to assure getting to an overaccumulation status faster.. and from my perspective if a person sells bitcoin in order to try to buy back at a lower price, then he is likely taking chances (ie. gambling) in terms of screwing up his accumulation of BTC.  Sure, he might get lucky, but from my perspective it is not worth it to be taking those kinds of chances with an investment like bitcoin.


There is no need to give up so easily.  Each of us likely has abilities to put our coins into private placement and also to figure out networks to transact directly with others rather than giving in to having to have our transactions channeled.  We also might need to keep track of transactions that are KYC and ones that are not... and so for example if we are removing coins from Bitstamp or similar exchanges and they are asking us questions, then perhaps we mostly keep those coins in wallets in which we send them back the same coins that we took from them when it comes time to cash out some of them (if we are going to use their exchange for such purposes).

Should be creating more (rather than fewer) incentives to figure out ways to transact privately.  I recall local bitcoins had allowed for people to contact each other directly, and frequently I would do my first transaction on local bitcoins and if I liked the person, then I would do any future transactions directly.. .. but yeah, that Local bitcoin's service does not exist any more.


You buy stocks?


Surely for anyone who is in their first cycle or two then maybe they are still buying bitcoin at any price, but if any of us are either into 3 cycles or even close to 3 cycles, then we should have had mostly accumulated already or perhaps we graduate to some kind of buying on dips, and yeah, this move from $112k to $107k is hardly a dip of significance, including that we had sub $100k prices for right around 3 months including some prices that were in the $70ks and even lower $80ks for quite a long time (like all of March and at least half of April).


I fixed the above quote to add what I had said.


If you are getting excited about gold rather than bitcoin, you are getting lost in the short-term noise.