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The billionaires, the public companies, and the professional asset managers currently holds 12.3% of ALL Bitcoin. That's not including the supply that nation-states have started to HODL in their vaults.
Don't sell your Bitcoin at the current "cheap" price levels. Keep accumulating, if you want to see, then sell when it's at a seven digit valuation per coin OR when it's equal to or more than the total market value of Gold.
You make a good point about accumulating bitcoin, yet I am not sure what you point about selling is?The billionaires, the public companies, and the professional asset managers currently holds 12.3% of ALL Bitcoin. That's not including the supply that nation-states have started to HODL in their vaults.
Don't sell your Bitcoin at the current "cheap" price levels. Keep accumulating, if you want to see, then sell when it's at a seven digit valuation per coin OR when it's equal to or more than the total market value of Gold.
What are you selling your bitcoin for?
From your perspective, Wind_FURY, what are you going to buy with your bitcoin when you sell it at those supra $1 million prices?
By the time bitcoin reaches $1 million, we probably won't have very high world adoption, and some guys are going to have had accumulated less than 0.1 BTC or maybe they were able to get up to somewhere between 0.25 BTC to 0.5 BTC, and you want them to sell?
Maybe we should focus on accumulating, first?
Did I say I want them to sell?
Yes.
Although we encourage HODLing, we can't actually force people to be actual HODLers because life-conditions of each individual is different, OR, the plan of each individual is different.
Of course. Each person can do whatever he wants, including post whatever he wants, even dumb shit.
But the point is, if people are selling now - STOP. They're merely doing what the billionaires want them to do.
There are likely quite a few people selling here, since on the other side of each buyer is a seller., and in bitcoin we sometimes might have questions regarding the extent to which the price is being established by the buying and selling of real bitcoin or paper bitcoin.
It is risky for folks (such as exchanges, if it might be happening) to be facilitating the sale of coins that they don't have.
IF indeed an individual has a "take profit target", then in my personal OPINION, wait for a seven digit price valuation OR when Bitcoin surges above Gold's total market value.
You seem to be assuming a lot:
You seem to be assuming when the person got in..
that bitcoin has a top
that bitcoin is not going to continue to go up forever
I think that if a person has an accumulation target or a standard of living target, then they keep themselves above that target, so I doubt that is called taking profits because the person would be staying in their bitcoin investment forever, and not really depleting their principle..
There is a need to get to overaccumulation status first, then you just sell whenever you want without falling out of overaccumulation status.
It is quite likely that a person in overaccumulation status would be in profits, so profits is not as relevant as is the question about how many bitcoin that they have. Do they have enough or more than enough?
You are planning to trade into something else rather than just staying invested in bitcoin?
Maybe my issue is about how you are talking about these matters rather than what you are saying.. even though what you are saying sometimes is confusing... both in terms of ways that you consider accumulating and now ways that you are talking about selling.
There is no problem spending your bitcoin once you get to overaccumulation status, but there is a need to get there first.
For example, if your desire would be to get to an $80k per year income, then I personally think that currently you would need to have at least 15.1963 BTC, yet if you were to want to get to an $80k per year income in 4 years, then you would need somewhere in the ballpark of at least 3.8 BTC by that time (see my most recent fuck you status chart for such estimations of the 200-WMA)... so the number of BTC that you need keeps going down, even though the suitability of the formula that is used also needs to be monitored to make sure that you are following a formula that allows you to start to withdraw at the rate that does not remove you from over accumulation status, so for example if the guy who wants an $80k annual income today, has 17 BTC, then he has a cushion of nearly 2 BTC extra, and even if he would start to spend from his bitcoin, he likely would be spending within a formula that does not cause him to fall outside of overaccumulation status.
Did I say I want them to sell?
Although we encourage HODLing, we can't actually force people to be actual HODLers because life-conditions of each individual is different, OR, the plan of each individual is different. But the point is, if people are selling now - STOP. They're merely doing what the billionaires want them to do.
IF indeed an individual has a "take profit target", then in my personal OPINION, wait for a seven digit price valuation OR when Bitcoin surges above Gold's total market value.
I think that it is a bit retarded for Wind_FURY to speculate that guys coming in at various points of time might consider selling some or all of their bitcoin based on around a 9x price appreciation - presuming that they bought around current prices, or even if they bought earlier that for some reason gold parity is a kind of top for bitcoin.. ... especially when bitcoin is around 1,000x better than gold, so what woudl be the need to be getting out of bitcoin, merely because it reaches parity with gold's market cap?
Apart from buying bitcoin during bull market, I think buying any other time can be profitable. The bitcoin market has trend, especially to the long time investors.It is always advisable to buy bitcoin when the price is low , so that when the price rises you will be able to make some profit.
When you buy your bitcoin when the market is already roaring ,it can make you loose money. Some people would continue buying bitcoin any time the price dips, and following market news will go a long way because you will always be informed when to buy, more especially when the market is in deep red.
You've got the core of a good investment approach: buying in fear and selling in greed. When you buy your bitcoin when the market is already roaring ,it can make you loose money. Some people would continue buying bitcoin any time the price dips, and following market news will go a long way because you will always be informed when to buy, more especially when the market is in deep red.
Do you know the difference between trading and investing?
You seem to be talking about trading.
It's is impossible to time the absolute bottom and history has it that accumulating during bear markets and deep corrections ("deep red") rewards long-term holders.
If you are newbie investor then why are you try to figure out if there is a dip or not? or changing your strategy based on perceptions of dip or not?
I would think that first a newbie is getting started and perhaps simultaneously figuring out his cashflow, so for example how much discretionary income that he has, so if he is buying bitcoin on a regular basis, then he is making sure that he has enough discretionary income and that he is buying bitcoin with his discretionary funds.
Of course there can be guys who come to bitcoin and they already have funds that they had saved up and/or invested in other areas and they want to move that money to bitcoin, so maybe it could be worth while for them to consider when to get in, but if they are brand new to bitcoin, then they presumptively don't have any bitcoin so wouldn't they get in right away rather than waiting until they believe that there is fear.. and why would they even be considering selling if they might have an investment timeline of 4-10 years or longer.
It seems that you (Obulis) are wanting to play the wave within the cycles.. Do you think that you can figure out when to sell? and presumptively you would be planning to buy back? But if you are selling, have you even accumulated enough bitcoin?
You have ONLY been registered on the forum for a bit more than a year and a half. have you already accumulated a position or are you still accumulating? Sounds like you got it figured out. Maybe you might want to explain more how you have been doing your bitcoin accumulation for the last couple of years? presuming that you have already been accumulating since early 2024. Or maybe you got into bitcoin before your forum registration date?
This dollar-cost averaging strategy softens out volatility and avoids the serious danger of buying at great top. Information is key, but discipline - buying when others are dreading - can truly build wealth in Bitcoin, using every market cycles advantageously.
You are mixing DCA and buying on dip? How do you do that? you have lump sum funds for doing that? You are holding back and waiting for dips? So you are not using all of the money that you allocated for bitcoin for buying right away? How much are you DCAing and how much are you holding back for buying on dips?