Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
EL MOHA
on 17/08/2025, 13:58:05 UTC
⭐ Merited by JayJuanGee (1)
Even if you are largely correct in regards to your description of our current situation, there is something that is off about your assessment for the reasons why we are not selling bitcoin.

I think that the main reason that we are not selling bitcoin is because we are buying it, so if we are buying it, we will be buying all the way up to $200k and beyond if it goes to those prices this cycle, and then perhaps if there is a correction, we are continuing to buy it until we have enough bitcoin or more than enough bitcoin.

We cannot have any assurance of our being able to buy more bitcoin based on our selling it and expecting to buy back cheaper, whether we are selling now or at some later point down the road such as $200k and above.

Even you, EL MOHA (if we go by your forum registration date) seem to have ONLY a year and a half in bitcoin.  I cannot imagine very many circumstances that a guy with only a year and a half in bitcoin would have gotten out of accumulation status... but sure, the more bitcoin you already accumulated could justify, perhaps, your stopping or slowing down of your accumulation of bitcoin.  I suppose only you are in a position to really know and yeah if you screw up because you stop accumulating, then sure that is not as bad as selling too much too soon, but it could still be a problem in the event that you have not yet reached ovreraccumulation status.  ONLY you are the one to figure out whether you are at overaccumulation status, and if you screw up your assessment, then that is on you.

I recall a person who had gotten into bitcoin around late 2014, and only bought a few thousand dollars in bitcoin even though the person had something close to $50k in his bank account... and he was largely skeptical of bitcoin...

The person might have gotten around 10 bitcoin with the first purchase for $4k (so maybe $400 per BTC), and then the person  bought some more bitcoin in the next year or two between 2015 and 2016, and maybe got up to around 19 BTC... with maybe a total invested of less than $8k.  The person had cashed out in bitcoin several times in 2017 and even in 2021, and perhaps the person cashed out around $150k worth of bitcoin in the various times cashing out, and perhaps sold a total of around 8 or 9 BTC.  The rest of his bitcoin (maybe 8 BTC?) got hacked based on mistakes he made, and he lost the others (around 4 BTC) in some of the 2022 exchange fiascos because he was trying to earn yield (but he got back 0.8 BTC from the one that he lost 4 BTC), so maybe now he has less than 1 whole BTC. 

it can be crazy what people do in terms of their whimpiness of buying bitcoin and their selling too much BTC too soon and then also their sloppy management of their bitcoin holdings. In some ways, I feel bad for the guy, yet in other ways his own sloppiness and reluctancies in learning how to self-custody and to not get greedy with coins were parts of the problem, even though overall he still made $150k (maybe $140k after subtracting costs) from his coins, and he still has around 0.8 BTC. Way less than he could have had, and surely he is not really in a position to earn money to replace those coins.

I didn’t actually check the date but I am 2 years and almost 6 months old in registration. For the question about me reaching my accumulation end point, in fact I am in my aggressive accumulation zone, after just coming out of sorting some person problems, thanks to your older advices of securing an emergency funds of close to six months to begin aggressively buying. With bitcoin over $100k it will take me some years again to even get my anticipated amount that I will get out of aggressively buying, I am from a country where the fiat currency actually isn’t valuable and the most easiest asset to own by me that could yield profit is bitcoin, Infact i am accumulating for retirement, if I could get to my target I think I will be very well set for retirement.

Just like you gave the example it’s usually not my thing to sell and buy back because I see the risk surrounding it flipping the reward that might come with it. For example I am have deal with exchanges just look at the risk of the story you explain now. I usually get bitcoin off exchanges and even recieves some there but never leaves bitcoin there for long. Sad for the story shared but many need to learn that the wallet security is equivalent to how they accumulate too both should be top priority