Quote from: JayJuanGee on Today at 03:54:33 AM

Quote from: Ruttoshi on June 17, 2025, 06:53:55 AM

Quote from: Sonia_123 on June 17, 2025, 12:29:40 AM

[edited out]

Taking profits shouldn't be the primary aim but the secondary. Investing for 2-3 circles doesn't mean that it is time to take profit because you need to reach your over accumulation stage before you can start thinking of taking profits. This is why a new investor needs to set a bitcoin target for himself so that he can stay focused on his bitcoin accumulation journey without distraction of taking profits at a certain time.

Reaching your bitcoin target depends on your regular weekly purchase with consistency and persistently and based on how aggressive that you go about your bitcoin accumulation within your discretionary income. Since bitcoin price history shows that the price of bitcoin increases overtime and even if I know that the volatility reduces overtime, I believe that one should keep on accumulating more bitcoin irrespective of the amount and number of years that you have been accumulating bitcoin because no amount of bitcoin is enough for you to stop buying when you can continue buying and start taking profits.

If you take profits and leave the amount that you used in investing, what will you use fiat for. It means that you will start building again or waiting for bitcoin price to increase again in the next bull run or what. Building wealth for the future through bitcoin accumulation overtime is the best.

It seems to me that guys go through phases that involve focusing on accumulation and not really paying any attention to price, and then they might slow down in their BTC accumulation focus and perhaps either just buy on dips or maybe just accumulate less frequently.. .and then they might go through a phase where they are neither accumulating nor selling and they are in a kind of maintenance stage... that might precede their getting to some kind of a stage where they might start to sell.. price-based and/or time based, and maybe price based selling might come prior to time based selling... and either of the selling styles could be done in sustainable ways, as I discuss in my sustainable withdrawal thread. There is a presumption of enough or more than enough BTC in order to justify engaging in price-based sustainable withdrawal and/or even time-based sustainable withdrawal... so guys can get to accumulation statuses in whihc they have enough bitcoin or more than enough bitcoin for their own purposes.

This is succinct and understandable. I can also describe the maintenance stage as that stage where you either reduce your percentage discretionary income allocated to bitcoin accumulation or increase the DCA period. This is aimed at remaining in the game and maintaining the current bitcoin status. Withdrawal processes described hereinafter sustainable withdrawal thread could also be a light to your next level of bitcoin experience.