Re: Buy Buy Buy or Sell Sell Sell?

[edited out]

I can't agree more, and I am one of those people who will still regret not buying enough Bitcoin or starting to buy it late. There is a percentage of my Bitcoin that I liquidated early, and they are all painful now. As they say, we learn by our mistakes, but this one seems bitter, even though I earn from other aspects of earning. Regardless, imagine me starting to buy Bitcoin when I know it is below $500 and keep it forever? It would have been a fortune for me now, and will continue to add to my fortune because Bitcoin is progressive. Well, I've made the change now, I've been buying and buying, and I hope in 2050, I can sing more praises instead of lamenting the past missed opportunities.

So?

That means that you have converted from a bitcoin trader into a bitcoin investor?

Perhaps? perhaps?

Many of us likely realize that it is good to learn from our mistakes and figure out some balance that works for us in regards to our investing and our cashflow management practices, since many times it can be difficult to get outside of a traders mentality and really start to employ investor techniques and/or strategies.

I remember not very long ago, you were proclaiming that there were ways to outperform investors by knowing when to skim off the top and to play the waves.. so maybe you have come to realize that those strategies are especially risky for guys still in their accumulation phase because they end up selling too many BTC too soon, when they probably should have had just stuck with buying rather than fucking around thinking that they would be able to buy back cheaper when that might not end up working out.

Well, I am still what I am, but with a little twist, and this twist only affects my long-term Bitcoin investment (HODLING) mentality. I continue to stay true to all those views that you know, except for the target plan on the 4-year cycle liquidation. I buy different Bitcoins in different accounts for different reasons.

For more understanding, I liquidated almost all my Bitcoin that I started buying since 2022 in 2024 when I believed it was ripe enough, although that has been my plan. The current belief only suggests that I can just leave that different account stash (for long term) forever. This doesn't apply to all (Bitcoin in other accounts, for different purposes, especially the one you termed for trading).

You cannot outsmart the market in the long run because bitcoin price increases overtime. Your price target to take profit as a trader is very small compared to the height that bitcoin price will reach in future. I believe that you are in regrets now for not having those quantity of bitcoin that you sold very cheap at $73+ or so. You will appreciate investing in bitcoin if you can only build and grow your bitcoin stash for more than two circles with only buying and not selling, but when your mindset is in a short term, you cannot resist the temptation of selling.