Re: Buy Buy Buy or Sell Sell Sell?

Quote from: Cpt_reader on Today at 02:36:09 PM

Quote from: JayJuanGee on Today at 06:01:57 AM

It seems to me that there is no reason for a bitcoin accumulator to panic sell if he already had developed and had been following various plans to manage his investment and to develop and practice strong cashflow management, so confidence comes from the reinforcement of ongoing actions, and yeah, when a guy is first building up his bitcoin holdings, it can take a whole hell of a lot of time - 1 or 2 cycles to get the bitcoin position up to a size that is meaningful within the guys income and position in life, and so we do not necessarily buy bitcoin with an intention of selling right away, especially if we might have an investment timeline that is 4-10 years or longer..

So maybe if the bitcoin accumulator will spend 6 years accumulating BTC, and then he might spend another1-2 years merely holding before transitioning into some kind of a sustainable withdrawal that might be price-based and/or time-based.

I go over quite a few of my ideas related to sustainable withdrawal in my thread, and it seems that I have been a proponent of incremental sales of BTC rather than selling large chunks of the accumulated BTC at any given time - which I would consider large sales to be serving as a forum of trading rather than an investing approach to BTC portfolio management. I dont' recommend trading bitcoin or even setting up a bitcoin portfolio up as something to get in and out of rather than setting it up to be 4-10 years or longer, and generally guys should not be selling their whole bitcoin portfolio in less than 10 years unless he has age and/or health related matters that contribute to such need to sell at a time that is less than 10 years.

I also think so. I do not support Bitcoin trading or holding for a short period of time. Without a long-term plan for Bitcoin, we cannot make real profits. Therefore, we should buy Bitcoin with the mindset of holding for a long time. It is better to adopt the DCA method. It is better to adopt the method that is best for us. It is better to buy according to our own wishes, buy when we want, but we have to stay on buying. Bitcoin has already reached an all-time high. We hope that something good will happen very soon. If we buy Bitcoin, it will not lose, we just have to wait for time. I think we can buy Bitcoin and sleep peacefully, and after two, four or ten years we will see that we will get a lot of profit.

You don't buy bitcoin as you wish to buy but you're to buy bitcoin within your own discretionary income so that you don't buy bitcoin with money that is not your discretionary income and end up selling when you need arises. It means that you are no longer investing but gambling. If you want to buy bitcoin make a proper calculation on how much of your discretionary income that you can use to buy bitcoin and have a bitcoin target as you goal to accumulate overtime. We all wish to have 50btc but is it possible. No because we are plebs.

You don't just buy bitcoin and go to sleep but you need keep your bitcoin accumulation ongoing, consistently and persistently with your regular weekly DCA for 4-10 years and above. This will enable grow your bitcoin portfolio to a good size in future and if possible reach your bitcoin target. Bitcoin is getting more expensive as time passes on, this is why you need to accumulate as many bitcoin as possible for your future so that you wouldn't regret in future when you have very little bitcoin because you were waiting and sleeping instead of increasing the size of your portfolio.

Don't forget that it's the size of your portfolio that will determine your profits in future and the measure that you give is what you will receive.