Of course, none of us know the future of bitcoin prices with any kind of specificity, but there are a lot of ways that you should be able to build up your BTC portfolio so that you are never selling all of your BTC. and fucking around with gambling strategies when bitcoin is likely amongst the best of upside and wide-scale asymmetric bets that any of us are likely to have in our lifetimes.
You are right in saying this but this technique of not selling all your holdings when you are getting good profit can be master by people who have deep understandings of bitcoin and that comes with time.
I believe that I have evolved in various good ways in my thinking about this topic over the years.
Accordingly, I tend to believe that it remains highly problematic to be thinking about selling to be used as a technique to acquire more bitcoin, especially prior to time in which the BTC accumulator has reached a sufficient quantity of bitcoin in order to justify tweaking his/her BTC accumulation and/or maintenance strategy in that direction
Of course, you can do whatever you want, but it still seems to me that the best practices include NOT getting too worked up about whether BTC holdings are in profit or not.. but just to ongoingly continue to accumulate BTC, and then surely as some point, a certain threshold of bitcoin will be established that may well constitute decent amounts of overall personal networth, and also some or all of the the personal BTC holdings will be also in profits and/or even at a state of overaccumulation which may well justify shaving off some amounts of BTc.
In selling on the way up there has to be care not to sell too much in the case that BTC prices continue to go up and never return back down, and no one should want to ever run out of bitcoin - especially if they BTC price gets to exceedingly high prices, and then having no bitcoin at all to sell at those high prices (if there are inclinations to sell and to make profits or at least to insure oneself at such higher prices).
Each persons balancing thresholds will likely be different in terms of how much to authorize themselves to sell and if there is any expectation to buy back at lower prices or if there might be no expectation to buy back at lower prices but still a willingness to keep some or all of such sold BTC (ie fiat) in reserves in order to buy back at lower prices in the event that the BTC price does end up going lower... and many of us also know that even the process of buying back is far from straight-forward regarding how to do it in terms of increments, spread and even how much at each price point and even how much fiat to hold in reserves whether the BTC price ends up going down sufficiently in order trigger the use of such fiat to buy BTC.
Just like now I realize that I made a mistake of selling all my holdings when bitcoin crossed 20k$ for the very first time. I learned this technique after I made a mistake, not many will learn this unless they made that mistake too.
I agree that there are ways to learn from mistakes that were made at earlier times, but sometimes, the same kinds of mistakes continue to get made if the framework for thinking about how to do it are inadequate and/or incomplete. In other words, there are ways to project out for seemingly extreme scenarios and even a variety of scenarios, and even if preparation might not have been completely made for all scenarios, there are ways to continue to adapt preparations in order to attempt to make better preparations regarding both finances and psychology.
Sometimes there will be desires to optimize for certain outcomes and even desires to limit the amount of intervention that has to be accomplished, but at the same time, some of the goals might contradict in such a way that all of the goals might not be achievable, so there might be a certain amount of playing it by ear and/or tweaking along the way, that might cause for more need for intervention (even if intervention minimization might have had been a goal), so there could be trade offs regarding feeling good, making money (in dollars or in BTC), providing insurance, providing comfort, taking risks to be able to have high profits, and so there can be a lot of trade offs and sometimes there are internal contradictions and/or tensions that might need to be ridden out.
Ironically this is the bitter truth.
Funny enough, these are the same people that feel bitcoin has gone too high in price for a common man to invest #Sentiments.
In the end, all you could have said is, fvck it! Buy and hold!!!
It's too late theory, people even said its too late now to buy bitcoin when it crossed 1$.
Yep. Many of us know that in bitcoin, it is far from "too late," and even when there might be questions about comparing one asset to another, there still might be questions about how much to put into one asset versus another asset, and if someone does not have a lot of cashflow or even other financial resources, such person might not be in a position to diversify, and there might be a need to choose one or another and to stay focused. Sure, there could be some investments in which they might be acceptable short term investments and then to get into BTC later down the road, but it is not really the place to be exploring those kinds of considerations in this thread - because it is too distracting to the topic, even though concededly there might be some instances in which NOT investing into bitcoin first might be justifiable.
Maybe I can give an example... just to help remove this from abstraction?
Let's say that a person is new to investing, so does not really have much if any investment portfolio (maybe a few hundred dollars at most), and the person is figuring out his/her cashflow and various other personal matters to realize that s/he really ONLY has about $10 to $40 per month of extra cash that could reasonably be invested into bitcoin (or into any investment matter), so maybe in those kinds of circumstances, there might be less concern about what is being done in terms of even getting into BTC until getting up to a certain investment threshold of $1k or $2k, but at the same time, if seems quite crazy and/or shortsighted if someone might spend 1-4 years fucking around with goals to build and investment portfolio, but fail to really have a sufficient enough level of success to be able to build his/her investment portfolio to something like $1k to $2k or greater in order to start to feel justified in becoming more motivated, organized and insightful about it.. Why spend 1-4 years without focus merely because the investment portfolio is so low, and there is a certain amount of value to developing good practices, even if the amounts are low... but when the amounts are low, there still can be some disutility in diversifying/diluting one's investment, so in that regard, with decently small investment portfolios, there might be decent utility and practicality to focus on just one or two investments... and just to strive towards getting it build up before starting to employ/deploy more sophisticated strategies (that might even involve bitcoin at some point in the projected near-term).
Same thing happened in the us when trump supporters stormed the white house, Fun times indeed
You mean, when all those nice folk were, in fact, let in via a security guard who opened a door for their entrance, but let us not let facts get in the way of your retarded narrative...
hahahahaha Security guards let them in.. O.k.. who's engaged in a made-up narrative? I am not even claiming to know exactly what was going on.. but there are videos and there is ongoing investigations into things that were being said and actions being taken that make some kinds of spins/narratives to be more difficult to proclaim/assert than others.
"Why get worked up about politics? who fucking cares?" - RETARD, 2022
hahahahaha
that looks familiar.
Lets give it another 6-9 months (for the ultra slow to catch up) and see how many people "care" then.
Consequences....... are a bitch.
You seem to have foresight? Wow!!!!
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