So I sold a tiny amount to cover an unexpected expense, immediately after, the prices starts going up, and to top it of, I just learned that the expense was a mistake and was cancelled.
You are welcome.
dont feel too bad, a while back (see my post below) i pulled decent chunk out for a project when corn was around 9k, did it over the course of a few weeks when it was sideways at 9k ish for a longish time. and when i finally had the fiat amount i needed, like one week or so later (or thereabouts) it did it 11-12k thing.
but hey i sell when i want the extra fiat for whatever. i long ago decided not to try timing anything. when i need fiat, i sell. after all honey badger dont give af as to what my plans are.
Good morning WO!
Observing @ $9,219
gonna sell some corn soon for reasons. expect the price to rise as a result.
In terms of cash out (cash needed) we can only look to the current price, not what it might be or what is possible in a few days or weeks....
If there are reasons so urgent that a cash out is needed, then it’s just a must and a later price doesn’t matter, cause you wouldn’t have the coins either way.
Also always be happy for the cold storage coins that are increasing there value... those are the ones that matter now
We all have experiences of coins or things that are worth more now, but aren’t in our possession anymore, but we all look to much to those past moments that some of us are getting to angry/salty cause of it
(Not saying you guys are) but probably people like roach etc... moaning and complaining or trying to scare more people....
Past is the past and only need to look to that what we have or can achieve
Probably one of the most difficult things to attempt to accomplish is the early on balancing of how much a BTC accumulator really can afford to invest in BTC.. and once that is done, and decided to thereby largely just let that value ride during accumulation phases, while not getting psyched out be short term value drops, even if they might be in the 85% arena.
For example, if you were in a BTC accumulation phase when the price was $10k to $19k in late 2017, then why would you not continue to be in a BTC accumulation phase during 2018, 2019 and 2020 when we had extensive periods below $10k and also a lot of time below $8k, too.
So, various short term periods of difficulties might even come within the BTC accumulation period while BTC prices are seeming to be all over the damned place.. - all the way from $3k to $19,666 within the past 3 years, and much of that time below $10k.
Once you get passed the BTC accumulation phase, then hopefully, your BTC holdings would largely be "in profits" then the question of shaving off a bit here or there should be easier - even though as vapourminer points out, there is a kind of "feeling in the air" that the current BTC price might be a weeeee bit undervalued, given current market circumstances.. causing additional hesitation to shave off a bit of BTC profits.
I am speculating a bit (and even partly on personal experience) that shaving off a few profits here and there does become easier and easier the higher the level of profits in which a HODLers BTC stash stands. To take extremes, if the BTC profits are merely in the less than 50% arena, then there may well be a decent amount of hesitancy, but when profits start to get into the supra 10x arena, hesitancy likely becomes less and less the higher the level of "in profits" are the cashed out corns.
Gosh, when I was younger.. in my 20s, I was NOT hardly thinking about cashing out of anything for 30 plus years.. and just accumulate, accumulate, and sure I would get forced to cash out a bit here and there when I did not manage my cashflows well enough (and of course, my cashflows were much smaller back in the day).. anyhow, it does seem to get a whole hell f a lot easier with the passage of time and one of the reasons that a four year minimum investment timeline seems to be amongst the basics of building wealth in the corns asset class...
Of course if the BTC price moves down rather than up or it has some price peaks in the middle, there still remains a need to keep an eye on the prize in terms of really acknowledging and practicing what phase you are in.. and if you are young (should I go so bold as to say under 40), it is quite likely that you are continuing to be in an accumulation phase unless you have already reached "fuck you" status, which would be a pretty BIG ass accomplishment for any peeps under 40 to bring those kinds of changes in the dynamics regarding where they are at.
Actually, one of the problems that I believe exist with the young whipper snappers, maybe even moreso in the crypto (including bitcoin, too) space is that they believe that they have reached fuck you status before they have actually reached such status... hahahahaha... and there can be some BIG ASS reminders of that during high asset volatility periods (especially when asset price bottoms seem to fall out.. even if just for short periods of time).