What's your take on this? Given the period we're in is it buy time or sell time?
If you must buy Bitcoin then it should be today, if you have your discretional income ready buy Bitcoin immediately and keep buying,no dulling. The truth you need to know for yourself is that the price of bitcoin wouldn't wait for you or anybody regardless. What's the points of selling when you haven't started or don't you think it's too early for such. If you're interested in buying Bitcoin, don't give a second thoughts about it, buy right way and you wouldn't regret your decision. While investing in Bitcoin, you need to understand the basics about it and how it works. Always approach the market with a long term plan to become a potential investor, yeah you need to be consistent in your approach in buying and accumulating Bitcoin using your discretional income for purchase. Infact just keep buying and buying until you reached over accumulation target and hold for a long term period of at least 4-10 years or more. The goal here is to keep buying and holding for as much as you can for the long term .
What i understand is that our goal of accumulating Bitcoin is not only to get the potential and benefits in the future, but there is also an inflation factor that plays a role here, i mean after 4-10 years you hold Bitcoin, then what? sell it because you think you have benefited, then keep fiat? which can be printed indefinitely. no, that's not right. As we know fiat is eroded by inflation every year, maybe the amount will remain the same but the value will continue to decrease,
those who understand Bitcoin will understand that Bitcoin is not just an investment asset, but also as a form of value protection for the assets we have.Yes, most investors are only interested in making a profit from their Bitcoin investments. They don't understand that Bitcoin has other important functions, like you mentioned about inflation" and that's our primary purpose in holding Bitcoin so that inflation doesn't affect us in any way. However, even if investors want to sell their investments, after they've reached the point of considering selling their Bitcoins, they shouldn't consider selling all of their investments. It's always recommended to sell a small portion of our investments, which we know will solve the problems we want to solve, and then allow it to compound, rather than selling all of our investments and start looking for a way to start a new phase.
You are right dude, but I still want you to understand that inflation will never affect an investor who engages himself or herself with the DCA method because whether there is high inflation or not, an investor will still be privilege to buy and hold and that is why it is term the best and the most convenient strategy in Bitcoin investment.
Anyone who sells all his Bitcoin simply because they think or they have gotten to their overaccumulation stage is making a very big mistake because Bitcoin is worth holding regardless, though some people will not understand how important it is to have Bitcoin in our portfolio and hold but they will get to know later in the future.
Some set of people has made the mistake of selling all there Bitcoin after reaching overaccumulation stage which is a wrong way to go as an investor, for me I think the idea of cashing out 10% value of your bitcoin every time it doubled is the best way of handling your bitcoin investment than selling all your Bitcoin, with this strategy you won't have to sell out all your Bitcoin investment.
This was the idea I got from JJG and he wrote a lot about this in a thread he created
JJG’s Outline of Bitcoin Investment Ideas you can go there and read more so you can have a more wider understand about it.
For me I will even prefer cashing out only 5% value of my bitcoin every time it doubled, in other to have more accumulated Bitcoin because I believe the future of Bitcoin will be more greater.
So as soon as you reach overaccumulation stage you can adopt this strategy by JJG it's saves and keeps your investment going.