Quote from: JayJuanGee on Today at 02:13:59 AM

Quote from: Merit.s on August 08, 2025, 05:03:45 PM

Quote from: Tonimez on August 08, 2025, 07:10:27 AM

Reaching your accumulation target to me is not an enough reason to sell your bitcoin. In as much as you may not hold your bitcoin time eternity but it's not wise to sell just because you've reached your target and you now are still in active service. Withdrawing at retirement or in an event of extreme emergency situation may be a wiser reason to withdraw your bitcoin.

If you have reached your bitcoin target and you are still very active financially and young in age, you can increase your bitcoin target and start accumulating towards your new target so that you can reach an over accumulation phase in your bitcoin investment. It's a wide decision because no amount of bitcoin can be enough for us if we have the capacity and resources to continue accumulating after we have achieved our bitcoin target. That gives you more room to increase our wealth in bitcoin.

You seem to not understand that when you get to overaccumulation stage you have enough or more than enough.

Sure you can change your goals, but you don't need to, since you should be able to live off of your bitcoin at that level.

I am not sure if more examples can be helpful, but surely if a guy had been accumulating bitcoin modestly for 10 years, he may well would have already gotten to a place of having enough bitcoin or more than enough bitcoin for his income level and maybe even beyond his income level.

Let's say that a guy had a $40k per year income, and he came to bitcoin 9 years ago (in 2016), and so he decided to invest into bitcoin fairly aggressively at 20% of his income, so he was investing $155 per week, which added up to $8k per year... and he was thinking that he would stop investing into bitcoin once he is able to generate an $80k per year income.. which is 2x his current income. So then at this time, he has invested about $73k into bitcoin and he has accumulated right about 13.3 bitcoin... so that is pretty close to where he wants to be, even though he sees that right now 13.3 BTC would only generate $68k worth of income, yet he needs to have 15.461 BTC to generate $80k per year

Maybe in another scenario he would have had put down $10k or so from his other investments at the time when he first got into bitcoin, so in late $2016 he was able to buy right around 14 additional bitcoin, since in 2016 BTC were right around $700.

So if he now has 27.3 BTC and he had invested right around $83k into bitcoin, he can see that right now 27.3 BTC will support an income of about $140k, yet he only needs an income of $80k, so he really has close to 12 bitcoin more than he needs to have with his income target, but really even his target was high in comparison to his current income, so he likely should have had started to live off of his bitcoin much sooner since he would have had made it to overaccumulation status a couple of years ago... but now he is even more sure that he has enough bitcoin or more than enough bitcoin.

Part of my point is that there are likely times in which guys have accumulated enough or more than enough bitcoin, so they don't really need to accumulate more in order to be able to live at their current standard of living or even way exceeding their current standard of living. You, Merit.s, seemed to imply that guys always could use more bitcoin, which I really consider to not be true, especially if we try to be realistic about these kinds of situations, and surely bitcoin seems to allow potentials to get to over accumulation status and to be able to stay there as long as we are not screwing up our calculations and verifying our calculations with real world data.

Quote from: Moreno233 on August 08, 2025, 05:41:56 PM

Quote from: Merit.s on August 08, 2025, 05:03:45 PM

Quote from: Tonimez on August 08, 2025, 07:10:27 AM

Reaching your accumulation target to me is not an enough reason to sell your bitcoin. In as much as you may not hold your bitcoin time eternity but it's not wise to sell just because you've reached your target and you now are still in active service. Withdrawing at retirement or in an event of extreme emergency situation may be a wiser reason to withdraw your bitcoin.

If you have reached your bitcoin target and you are still very active financially and young in age, you can increase your bitcoin target and start accumulating towards your new target so that you can reach an over accumulation phase in your bitcoin investment. It's a wide decision because no amount of bitcoin can be enough for us if we have the capacity and resources to continue accumulating after we have achieved our bitcoin target. That gives you more room to increase our wealth in bitcoin.

I think reaching over accumulation target should be the aim of every investor since hitting that target simply mean you followed the right steps, held your Bitcoin as you should and also deployed the concept of emergency funds which served to protect your investment.

I have an age-based Bitcoin accumulation target which requires that at certain age I should have gotten certain quantity of Bitcoin. It will of great joy to me to hit that Bitcoin target at less than that age so I can use the remaining years to consolidate on my Bitcoin stash. I would want to experience that fulfilling joy of beating a target that I set for years.

That is true also. Guys might have some kind of a timeline in mind and they are hoping to be at a certain level by the time they reach certain dates, and it is surely better to exceed the target or to reach the target earlier rather than having the opposite happen in which the guy does not meet his target and he figures out that he was way off in his calculations. We don't know the future, yet we can still be our own worse enemies if we are not being realistic in our targets and we are calculating with the wrong variables...or with the wrong assumptions.. and surely I think that it better to valuate your bitcoin based on bottom prices (such as the 200-WMA) rather than spot prices that might go all over the place, even though if we are buying and selling bitcoin we are doing it at spot price and not at the 200-WMA prices.

Quote from: Proty on August 08, 2025, 05:58:04 PM

Quote from: Barikui1 on August 08, 2025, 06:19:19 AM

Quote from: HajiBagi on August 08, 2025, 04:52:48 AM

. It is not bad to sell your Bitcoin because you own it, but if you are patient, you will earn more because as long as we are alive, we all have a bright future.

Selling your Bitcoin and taking profit from it is never a bad idea, it's like you rewarding yourself for consistency and discipline, but where the challenge are is selling everything off entirely. It's really wrong to be selling your Bitcoin when you have not gotten to the end of your accumulation journey, if you have gotten there and you feels like you want to reward yourself by selling some part of your Bitcoin, it's cool, but selling everything off and become a no coiner overnight is what is terribly bàd, you might argue that it's your asset, that you can do what ever you pleases but that's not a wise decision at all to sell off everything and become a no coiner all of a sudden.

So taking profit gradually from your Bitcoin holdings when you have gotten to the end of your accumulation and investment journey is the ideal way to go about it, not selling everything off entirely.

It is not a nice idea for someone who is a low coiner that is supposed to focus on building a better portfolio in bitcoin to start selling of there bitcoin, they are still in accumulation phase there main focus should be on continuous accumulation and not selling to be taken profit . This is purely trading and such individual will barely hold a good portfolio in bitcoin. Before an investor should start talking of taking profit from there investment, they should have accumulated a good amount of bitcoin in there portfolio and hold for like 5-10yrs. So taking profit from our investment while we are supposed to be accumulating continuously, persistently and aggressively. To me is not investment but rather gambling with bitcoin.

For sure there is a need to have the right mindset in terms of ongoingly accumulating bitcoin for 1-2 cycles or more, before it might start to make sense to be able to sell. and surely a lot of guys make the mistake of selling too many bitcoin too soon because they think that they are going to be able to buy back cheaper when they would have had been better off to stay focused on ongoingly buying bitcoin... but hey, guys are going to do what they will and they will have to live with the consequences of the way they treated their bitcoin holdings and their bitcoin accumulation strategies.

Quote from: Barikui1 on August 08, 2025, 08:20:16 PM

Quote from: Proty on August 08, 2025, 05:58:04 PM

Quote from: Barikui1 on August 08, 2025, 06:19:19 AM

Selling your Bitcoin and taking profit from it is never a bad idea, it's like you rewarding yourself for consistency and discipline, but where the challenge are is selling everything off entirely. It's really wrong to be selling your Bitcoin when you have not gotten to the end of your accumulation journey, if you have gotten there and you feels like you want to reward yourself by selling some part of your Bitcoin, it's cool, but selling everything off and become a no coiner overnight is what is terribly bàd, you might argue that it's your asset, that you can do what ever you pleases but that's not a wise decision at all to sell off everything and become a no coiner all of a sudden.

So taking profit gradually from your Bitcoin holdings when you have gotten to the end of your accumulation and investment journey is the ideal way to go about it, not selling everything off entirely.

It is not a nice idea for someone who is a low coiner that is supposed to focus on building a better portfolio in bitcoin to start selling of there bitcoin, they are still in accumulation phase there main focus should be on continuous accumulation and not selling to be taken profit . This is purely trading and such individual will barely hold a good portfolio in bitcoin. Before an investor should start talking of taking profit from there investment, they should have accumulated a good amount of bitcoin in there portfolio and hold for like 5-10yrs. So taking profit from our investment while we are supposed to be accumulating continuously, persistently and aggressively. To me is not investment but rather gambling with bitcoin.

It's actually a bad harbit from most of you guys to highlight only few words from someone without looking at what the person is saying entirely, or are you trying to say that you didn't read the other part of my statement?

I said that selling and taking profit from your Bitcoin investment is never a bad idea if you have gotten to the ending of your Bitcoin accumulation and investment journey, where the problem are is selling everything off and become a no coiner all of a sudden, try to understand before responding, that's how we learn, don't just responding without understanding what the other person is saying.

If you state a confusing sentence then other guys should not be blamed for focusing on that statement.

Just think about it.

You are not really saying "it is never a bad idea to take profits," since you are saying that it is not a good idea to take profits before you have reached overaccumulation.

Whatever you are saying, you said it in a confusing way... so guys are going to respond to it.

We know that many guys get caught up on profits, and they screw up their whole bitcoin investment because they are overly focused upon locking in profits, and many times they might have been able to compound their profits but instead they end up taking mediocre profits..

Think about the guys taking profits in 2016 and early 2017 between $500 and $1,500

or think about the guys taking profits between $2k and $3,500 in mid 2017.

or think about the guys taking profits between $9k and $17k in late 2020.

or think about the guys taking profits between $25k and $35k in mid-to-late 2023.

or think about the guys taking profits between $55k and $65k in September/October 2024

And likely you will also be thinking about the guys taking profits between $90k and $110k in late 2024 and even at various points in 2025.

Of course, we don't know the results of this last piece yet.. but some of those guys are likely already regretting their having had taken profits between $90k and $110k... but we don't know yet.. since it is still possible that BTC prices dip back down into the $90ks.. yet newer guys in their first cycle or two of BTC accumulation should probably be focusing on accumulating bitcoin through persistent and ongoing buying rather than fucking around trying to figure out if there might be a dip or not.

Quote from: Regardme on August 08, 2025, 08:51:26 PM

Quote from: Derekfunds on August 08, 2025, 03:54:56 PM

[edited out]

I respectfully disagree with you, trading and investing aren’t mutually exclusive. To my best of knowledge, many people successfully combine both trading and investing, by sharing out separate capital and strategies for each, they by maintaining discipline in order to avoid merging the two.

Hopefully you don't end up fucking that up, since it is not easy to perform better in bitcoin by trading it rather than investing in it.

Think about the matter.

You have one of the best, if not the best, asset available to man, and you are going to fuck around trying to trade it?

Sounds pretty short-sighted and perhaps even retarded.

Quote from: Regardme on August 08, 2025, 08:51:26 PM

In as much as we aren’t talking about trading in this thread, Discipline traders can still stick to long term investment without issues.

Most of them can't. Most traders (perhaps more than 95% of them) take too many risks and they end up doing way worse than if they had just focused on investing. Yeah, they talk a BIG game, but that still does not mean that they did better than the investor, especially if we are talking 2 cycles or more.. The longer the timeline, the more likely that the investor outperformed the trader and he did not have to risk as much nor spend as much time on gambling kinds of activities.

Sure some guys might be interested in learning trading and I would suggest not to put any more than 10% the size of their bitcoin investment into trading, and sure maybe they will see that they are good at it, yet one of the problems with trading (gambling) is that they might have 9 out of 10 winners, and then one loser could wipe out all of their gains.. so they are not doing any better by trading than if they had invested.. and they end up doing worse because they don't have as much BTC as they could have had or should have had if they had stayed focused on investing.

Quote from: Regardme on August 08, 2025, 08:51:26 PM

Sorry, his last statement doesn’t look misleading because he specified that he was clearly talking about bitcoin. And I think you are the one who’s wrong here, when you say bitcoin isn’t cryptocurrency. Bitcoin is a type of cryptocurrency and its potential doesn’t negate us classifying it as cryptocurrency.

You are the one who sounds lost Regardme. There is no reason to use vague misleading and/or ambiguous language when we are talking about bitcoin we should try to be clear and sure there are sometimes when using the word crypto currency is not misleading or ambiguous.

Quote from: Regardme on August 08, 2025, 08:51:26 PM

It’s the first prominent one with a unique attribute but still operates within the crypto ecosystem. So the only thing here is to specify when you’re talking about Bitcoin so it will be clear to everyone, if you just say cryptocurrency without specifying “Bitcoin” that’s where it becomes misleading.

If you are trying to make sure that you are not misleading people or using ambiguous terms then there is nothing wrong with using the term cryptocurrency or even talking about shitcoins if you are considering that shitcoins are relevant to whatever it is that you are trying to say.

Arguing that it is acceptable to use the term crypto currency and to act as if it is a clear term, then then that is surely a problematic way of communicating about bitcoin and/or if you are not being clear about how your use of the term cryptocurrrency relates to what you are wanting to say.

It is possible for someone to reach a point where they accumulate Bitcoin consistently over many years. Once the assets are sufficient to meet the desired income level, it is no longer economically necessary to accumulate more, where there is no practical need to accumulate more.
Rather, the focus can be on maintaining or improving the standard of living.
If a certain portion of income is invested in the long term, even if it enters a period of relatively low prices, it can become a huge amount of wealth in the future.
From a realistic point of view, someone who really does their own calculations and keeps it safe, taking into account market fluctuations, can at some point say that they can start living with Bitcoin from now on.
If we set wrong assumptions or unrealistic goals, we become our own enemies.
It is certainly better to meet the goal sooner than later.
To accumulate Bitcoin consistently for 1-2 cycles, you have to have a mindset that selling often seems pointless. You have to suffer the consequences of your own holdings and strategies. This is a mistake that many people make by rushing to sell high, thinking they will buy back cheaply later—the market doesn't always give them the opportunity.

Beginners should focus on accumulating Bitcoin consistently rather than trying to catch the decline in the first 1-2 cycles. Taking profits before accumulating more is often a mistake.