What's your take on this? Given the period we're in is it buy time or sell time?
For someone like me, I can't say this is sell time cause it's still very early, I'll have to accumulate and hoard as much as I can for like 10 years before I could consider selling and that's what every investor that just started hodling for about few years or a year ago should consider, we still have lots to achieve so it's definitely not sell time even though the market seems friendly currently and trending upwards.
Well for someone that's held for a decade, two decades, etc this period can be their sale time, don't get me wrong the can sale some stash to diversify to other options I mean investment options but would still continue buying at any given opportunity with the DCA.
This is just the beginning of Bitcoin's success, Bitcoin will go much further ahead, but those who are thinking of selling their holdings at this time for a small profit are going to miss out on the opportunity for greater success in the future. I never think of selling at this time, because in the coming days Bitcoin will become more powerful, and the value of Bitcoin will be faster and bigger than we expected. So we must think of achieving that success, and for this we only need the mentality of continuous holding, and the mentality of continuous buying, keep buying regularly, this current stage is never too big, which is going to happen in the near future.
Holding for 10years is not enough reason to sell bitcoin. Again seeing this period as a period of selling will be a deceitful thing since we all know that bitcoin has already flashed at $112k which is a clear sign that it still has a lot of progress to make in the short term. Long term basis still has a lot potential benefits. Continuous accumulation of bitcoin is still the best. If you feel you have reached your accumulation target or over accumulation, and has the need to slow down your accumulation speed in order to take good care of yourself, it is advised that you reduce your DCA allocation or increase your DCA period which would allow you more of your funds to enjoy life while preserving and ploddingly improving your bitcoin stash.
Do you have a retirement plan elsewhere?? Don't you think that preserving that bitcoin until retirement could be a good retirement plan which could place you on pension for the rest of your life after retirement through programmed withdrawal as described by JJG.