Surely there could be guys who are selling up to 10% of their BTC stash every time it doubles (and they don't have to wait for a doubling, they could sell 1% every time it goes up 10%), and maybe they started doing that several years ago. As long as BTC continues going up, they are never going to run out of coins, and BTC keeps gaining in value more than the amounts of their sales. This is price based sustainable withdrawal.
Yeah, this is exactly what i was trying to say. Some of these guys have been deep in the game since way back. So when someone like that decides to offload 1% here and there, it’s not because they’re bearish, it’s just part of the play. They must have been holding for 10+ years, so they have earned the right to take some chips off the table now and then.
They could also employ time based sustainable withdrawal.. for example to sell 10% of the dollar value of their stash every year based on the 200-WMA value.. and the 200-WMA is quite likely going up more than 10% per year.
They could also employ time based sustainable withdrawal.. for example to sell 10% of the dollar value of their stash every year based on the 200-WMA value.. and the 200-WMA is quite likely going up more than 10% per year.
That 200 WMA method is actually smart. Most of us don’t even look at stuff like that, we are too focused on daily movement and hype. But if basing yearly sell on something solid like the 200 week average, which usually trends up anyway, then position is still been preserved while locking in value slowly. This seem like a chill, sustainable way to manage long term gains..
Hopefully you are buying and building and not just hodling.. but hey that is your choice..
Yeah no doubt, I’m definitely building too, doing it based on my financial strength right now and stacking what I can, been staying consistent lately and holding tight. Rn I see it as long term, trying not to rush things..
Guys frequently make mistakes of selling too much too soon and they also make mistakes of failing to continue to accumulate. From my perspective HODL is good once you have enough or more than enough, but if you have not come close to that level of BTC accumulation, then you need to keep buying bitcoin consistently, persistently, ongoingly, regularly and perhaps even aggressively.. and don't get too worried about BTC price, especially in your first cycle of accumulating and maybe even in your first two cycles, depending on how much a guy had been able to accumulate in his first cycle of buying.
You’re absolutely right though, a lot of people either sell too early or stop buying too soon, and then they miss the full ride. For me, I know I’m still in my first real cycle, so I’m not letting price movements distract me. My goal now is to accumulate as much as I reasonably can without overextending, and just keep showing up. .
It is likely going to take longer to build your holdings these days as compared with bitcoin historically, even 5 years ago, but it is not like we can turn back the clock or identify some bitcoin 2.0 to divert our capital into. Bitcoin remains amongst the best, if not the best place to put time, energy and value, so in several senses, each of us just need to do what we can within our means to continue to accumulate bitcoin through ongoing buying techniques and perhaps from time to time make some reassessments regarding the extent to which we might need to change any aspects of our ongoing and persistent bitcoin accumulation through ongoing buying strategies.