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Personally, I do not recommend selling BTC in order to accumulate more BTC until you have already reached or exceeded your accumulation goal.
I understand where you're coming from J1G, and you're probably right, but I didn't get started actually investing until a few weeks ago when BTC was at 36.5k. I have been very systematically making small buys & sells of equal dollar amounts of less than $50. Everything has been meticulously tracked with a spreadsheet I designed and with my sweat and tears and various headaches I have managed to grow my total accumulation approximately 45% over actual dollar amounts put in & currently have a BTC cost average of just over $30k. This in spite of the fact that I royally screwed myself and had $0 fiat available for the dip below $30k yesterday.
Now is it worth the effort and stress long term? HELL NO!
For sure when you have a system that you have developed on paper, and then you start to put such system into practice, you are likely to have implementation learnings in terms of a few mistakes along the way, and also maybe some nervousness in both applying it and then maybe rethinking aspects of your system while you are plugging in details and applying it in terms of whether you might need to change your amounts, your increments or your spreads.
For me, I recall that I spent about a year and a half from November 2013 until about October 2015 just buying and accumulating BTC... I did not sell any BTC.. and if I did happen to sell some or even to gift some friends/relatives - I would replace those amounts within a relatively short period of time.. sometimes within 24 hours and other times it could take a few days before I ended up replacing any used amounts... and so the overall majority of my focus was on BTC accumulation ONLY through buying.
In around July/August 2015, I stared to create some systems "on paper" that would fold in selling on the way up that largely evolved into the system that I have evolved, tweaked and tailorized to myself and the direction (somewhat way beyond expectations) of the BTC market. Yeah, of course, I had some bullish theories and even knew about various million dollar cases for bitcoin that even existed in 2013 so sure those bullish theories were in the back of my mind while attempting to approach the whole matter more conservatively in terms of just considering how some of the numbers might play out in a variety of both up and down scenarios - while presuming that long term have decent chances of continuing to go up and to be worth more down the road as compared with whatever price I was buying in or even at whatever price is my average cost per BTC..;. even while my overall portfolio was in the negative valuation for much of 2014/2015 and even arguably in various parts of 2016 - even though the profitability valuation of my BTC portfolio was starting to look a lot better by the time we got passed May 2016...
But after a year or more of intense study and developing a system, I wanted to put maximal focus on my system for the first few weeks to prove to myself that I fully understand what I am doing and that it works.
For sure.
Your rants, ravings, and repetitive preachenings have been a tremendous help in my studies and Thank You for staying consistent, but I gotta make my own mistakes.
I consider the matter to serve as kinds of brainstorming sessions, too... and mistakes are almost inevitable... hopefully they are not so severe as they wipe you out or even dig too much into your principle or take unnecessary risks, and of course, guys are going to have differing boundaries that they might set or risks that they might be willing to take for certain periods of time..
(never over commit leaving no reserves for the sudden dippening! Dum-bass!) <talking to me.
Many of us who have attempted to play this matter for a while have run into the problems of overextending in one direction or another... so sure the longer that you are able to work your system the more likely you should be able to both plan ahead for extremes and also to have either fiat on the low end or BTC on the high end stacked up in order to be prepared for both extremes and extremes that even go beyond your expectations of the extremes.
For example there may have been people who either got into bitcoin in late 2020 or even into January/February 2021. and no matter what they were doing, they may have developed a kind of complacency when BTC prices were above $50k for so damned long, which we may well measure starting in early-February until mid-May, so when BTC prices dipped to lower $50ks and even upper $40ks, there are a decent number of folks who blew their whole wadd on buying the dip, and I am not even ONLY picking on newbies even though newbies are way more vulnerable to such BTC price volatility issues - not because they are dumb or naive or anything but they have not really had any chance to build up their preparations.. for price moves in both directions (or either direction) so therefore there were likely a lot of BTC accumulator wannabes who had little to no money left when BTC prices went into the lower $40ks and lower than that, and sure there could have been some psychological troubles with that too in terms of being ready, willing and able to buy more BTC after such a considerable BTC price drop.
So maybe there were some folks who were able to man-up in some ways and others who happened to have some abilities to continue to buy based on incoming and ongoing cashflows, so sure we have been below $43k for going on 5 weeks now, so there have been some folks who had not already spent their future cashflow before it came in, so those kinds of folks have still been able to profit in some ways from the dip in terms of being ready, willing and able to continue to buy BTC as cashflow comes in.
Of course, you do not necessarily need to share too many details in this thread, but surely if you are attempting to learn as you go, and you are able to describe your situation in ways that are of interest to other members here, you might be able to use the brainstorming of this thread to help you to tweak your own practice and/or thinkenings about your approach... Guys have varying approaches, and many times, personal differences such as timeline, cashflow, risk tolerance or even skills and abilities to plan, learn and tweak can put guys in much differing places even if there might still be some similar goals to attempt to accumulate BTC and not to gamble too much.. but many guys do have to fight their inclinations to gamble, too (even if they don't know it)... hahahaha..
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