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.
We can still make profits with short term plans, and many traders make decent dollar profits,.. they just sell higher than they bought.
I think that if we want to give a try to this, short term investment is even more preferable to trading.
When it comes to bitcoin, having a timeline of less than 4 years is trading from my point of view.
So for me, short term investing would be 4-10 years, and the reason that guys might reasonably have a 4-10 year timeline would be for health and/or age related reasons...
Otherwise with bitcoin, we should be shooting for 10 years, even though surely something could come up to cause us to have to get out of our bitcoin in less than 10 years.
Though traders may make decent dollar profit, but can not be compeard to guys that invested in long or short period of time. Expecialy those that was lucky to have bought Bitcoin during it's bearish season and sell in bullrun. Let's say an investor who bought 1 Bitcoin last year when Bitcoin starting price was $44,161.95 or at and sold this year at current price $123, the person would be making 2x profit of $88k compeard to a trader who might have been trading since the past one year.
You are giving an example of a trader even though you are calling him an investor becuase he held his trade for a year.
You are not helping with your attempt to call traders investors.
You might need to rethink your own ways of talking about these matters and/or even how you think about it.
Sure you can have short term and long term traders... .. but just beause someone is a long term trader, that does not turn him into an investor when he is merely getting in and out of bitcoin and even if he happen to make a 2x, 3x, 5x or even a greater profits, that does not convert him into an investor merely because his profits are greater.
But even as that we can't still compear that profit margin from the future price. We should prioritize long term investment instead of short term because most guys can easily lose focus to adopt short term without considering that not all short term are profitable. Some short term might Al be bearish but bullish after the first circle.
Planning to stay at least a whole cycle does help to fit an investor kind of an approach, but it still does not make sense to me for investors to be getting in and out of their bitcoin investment merely because of profits are high.. even if it might be a timeline that is more than 4 years.
We do not necessarily need to agree on these definitions.. or even the purposes why someone might stay in bitcoin for a while
Part of the difficulty is that it is quite difficult to find any traders who might have had been in a better position after a couple of cycles as compared with the bitcoiner who mostly accumulated and held his bitcoin during that same time frame.
Yes that is exactly what I am saying, trader buy the dip and sell the rips, and of course such amount in repetition will amount to nothing compeard to a HODLer wether short or long term.
We may well be saying similar things, yet describing our ideas with some differing frameworks.. or differing ways of expressing what we are wanting to say.