In times like this there are still those who say "Stay strong and do not sell!".
For years now it makes me feel like "they" want you to panic and sell your coins cheap. But "they" also want you to HODL because selling would lower the price further. Everyone in crypto has an agenda.
Disclaimer: I'm not sure who "they" are.It feels scary though: being stuck in between "not worth it" and "FU-status" means I need to be patient.
Yes.. for sure, a dilemma to figure out the right kind of balance for uie pooie specifically.
Each of us has to come to a determination regarding what our BTC accumulation strategy is going to be (if any) and how aggressively we feel that we can be with our strategy.. to make it our own strategy and not merely based on what some other dweeb on the internet
(including yours truly I must admit) is suggesting to be a good strategy.
There are quite a few considerations in order to attempt to achieve a kind of financial and psychological prudence.
including one of the considerations about whether selling might be a strategy for accumulating more BTC.. and for sure that is a tempting strategy that recks quite a few wannabe bitcoin accumulators who get too greedy for their own good.
It seems that I was a bit more ambivalent about the selling BTC to accumulate more BTC strategy in my earlier years i bitcoin, but I have come around to accepting that sellingBTC to accumulate more BTC is not a good strategy until you reach a kind of overinvested in BTC level (and even then... tread with caution).. Not only does each one of us have to determine our own better (or best) strategy for setting a target BTC accumulation level (which also might not necessarily be a fixed target), we also have to determine our own better (or best) strategy for figuring out when we may well have reached a kind of level of "overinvested" which also might well be both a moving target and one that is quite difficult to pinpoint with certainty (so it could well be a kind of range).
By the way, I know that there are quite a few members in this here forum who have been cautious in their level of BTC accumulation over the years.. and sure whether that is $10 per week or $100 per week or more, sometimes there can be ways to become more aggressive, but surely how much delayed gratification that we are willing to take on can be quite the question too...
Since bitcoin does seem to be a kind of asset that has a tendency to show a lot of profits on paper, and if we share some of that information with others, there are a quite a few folks who will suggest that profits need to be taken.. because there are needs to get joy in life.... and surely, I have several times described the "friend" who had accumulated around 17 BTC in early to mid 2015 in the lower $200s, and who sold those 17 BTC for $350 in order to make around $2k in profits and to buy a nice purse... and she would frequently say what the hell are you sitting on profits and not enjoying those profits.. but later she frequently would say that she could not get up to her once level of accumulating 17 BTC ever again.. and that was when BTC was in the $400s to $700s.. which was early 2016 and even in late 2016.... I am not sure about what is my point exactly except to suggest that sometimes the desires for consumption can be quite pressing and even pressed by others who have low skill levels when it comes to exercising some reasonable levels of low time preferences, but sometimes their low time preferences might merely be a product of not really understanding or appreciating bitcoin fundamentals (and accordingly its upside potential that could take years to play out with high levels of up and down volatility along the way).
working on the new chicken barn.
hahahahaha
a chicken barn... hahahahaha
I would call it a chicken coop... but hey, that might just be me.
Time to buy, don't miss it again.
Good evening WO.
Fair enough... buy dee dip.
Good evening to you too.. (or good day.. depending on where you might happen to be)