Of course, some guys claim that their average cost per BTC are in the double or in the lower triple digits, and I am merely claiming mine to be at $1k. or maybe I could say upper triple digits if I were to start to use $999 as my average cost per BTC.. so sometimes when someone is starting to become magnitudes rather than multiples in profits, then there might not be BIG differences between being 15x up or 25x up or 40x up... and yes, the price moves up to $60k, then that becomes 60x up.. So might there be ONLY small differences between being willing to shave off a few satoshis or even a few bitcoin at the various levels of profits... even though surely many of us likely feel better if we are shaving off some satoshis while the BTC price is in an overall upward trajectory rather than being in an overall downward trajectory.
You always say that there is no point in Hodling Bitcoin forever.
Here, I kind of wonder: "Are you misunderstanding what I tend to say, or are you trolling me?"
Let me see if I can attempt to clarify. I think what I always try to say is that BTC accumulators need to attempt to strategize their BTC accumulation approach to their own situation, but at the same time, I believe that there are better practices that each of us can attempt to follow, and surely it can be tough to figure out in terms of our own situation when we might have enough BTC or more than enough BTC for our own situation, and frequently we can use something like fuck you status and/or entry-level fuck you status to try to figure out how close that we might be to our accumulation goals and/or our thoughts abut over accumulation that would thereafter give us more liberties to start to shave off from our bitcoin savings.
There are likely levels of accumulation, and perhaps getting passed certain levels of accumulation will cause a BTC accumulator to feel that s/he has more options in regards to how to maybe transitioning into something that might be more of a maintenance stage rather than an accumulation stage. Years back I had been thinking that there could be ways to accumulate bitcoin by selling on the way up, but selling in order to get more bitcoin tends to be a very risky game, especially if anyone might still be relatively early in their BTC accumulation.
Even if we go by your forum registration date WatChe, you are barely getting into one whole cycle of bitcoin, unless you had been accumulating bitcoin prior to registering your forum account.
So look at your own situation, and consider the below factors:
These principle individual factors that influence your decision whether to invest into bitcoin and how to invest into bitcoin have financial, skills and psychological components that include:
1) your cashflow,
2) how much bitcoin you have already accumulated,
3) your other investments (including cash reserves),
4) your view of bitcoin as compared with other investments,
5) your timeline,
6) your risk tolerance,
7) your time, skills, goals (investment/lifestyle targets, which includes figuring out the extent that you are in BTC accumulation, maintenance or liquidation stage),
8 ) your abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time,
9) your considering your time, your abilities and whether to trade, reallocate from time to time, to use of leverage and/or to use financial instruments... (and for sure the use of financial instruments, leverage and margin trading involve higher level skills and are not even necessary to still become richie in bitcoin's already existing asymmetric bet.)
Where are you at? Maybe if you came into bitcoin with an already diversified investment portfolio, then maybe one cycle might be enough for you, especially if you might have been able to get most of your investment into bitcoin in prior to late 2020.. which surely is possible, but if you are talking about taking profits from 2x or 3x, then you are perhaps having average bitcoin prices around current prices, or maybe in the mid-$20ks. but still..
We must sell some of them with time when we are getting good return. If someone has average price in double or triples then wont it be good idea to sell them when Bitcoin touched its ATH of 67k.
Of course, you are free to do whatever you want, even dumb things, and there are chances that you could end up being correct in whatever actions you take... but the reason that I am thinking that on the surface you might be doing dumb things is because you are talking about the ATH arena (and I am going to call it as $69k like Bitstamp says) as if that might be 2x to 3x profits for you.
From my own point of view, there are a few problems with this line of thinking, and again do whatever you like... it's your money, but don't come crying to "us" either way if you sell too much too early or if you end up not selling and then the BTC price does not go beyond the current ATH.
Back to my concerns about some of the problematic areas that your discussion is highlighting.
1st) Current ATHs tend to be no man's zones, so frequently the BTC price will pass right through there, so there have been many folks selling way too many coins too soon when the BTC price goes through prior ATHs, consider $1,000 in early 2017, consider $20k in 2020, and again consider $69k for the next one.. good luck selling very many coins in and around that area and not regretting selling too much too soon.
2nd) you are referring to something that sounds like selling all of your coins.. that is really ridiculous, which seems that you are expecting to buy back lower. I personally have been following a system that had allowed me to sell 1% for every 10% rise and/or 10% for every 100% rise, but in 2015, I had overaccumulated BTC by around 35% higher than I had expected to accumulate, so even my various selling strategies did not undermine my staying in a kind of overaccumulation status in spite of my first target in late 2014 being 10% accumulation then reaching 13.5% by late 2015 on my own investing and then having my BTC portfolio go up to around 75% in late 2017 of my total investment portfolio and still ONLY correcting back down to about 45% in the worst times of late 2018, 2019 and the covid crash that might have brought it to 52% or so, and so there is a certain number of options that come with over-accumulation. and I doubt it is merely about being 2x to 3x up and thinking in terms of dollar value (and potentially fucking up your whole BTC accumulation)...
so in spite of my average cost of BTC getting screwed up due to mistakes that I made to nearly double from less than $500 per coin to being around $1k per coin, I am still not looking at less than 3x returns when the BTC price dipped to its max in late 2018, late 2019 and March 2020, and so you might say that if I had sold at the bottom I still would have had been in 3x and 4x returns, but who the fuck is selling at the bottom, besides mindrust? (or at least who else would admit it, since there are probably some other mindrust's out there that just did not admit it). Sometimes any of us might be forced to sell some BTC when the price is going down, but if we are several X in profits, then we might not care that much if we shave a bit off and maybe try to buy them back, but still selling on the way up likely needs to have some kind of formula and limitation rather than some blanket ideas of selling at the return of the ATH.
If you really feel anxious about how many dollars your BTC are worth, then maybe you should be figuring out some kind of a formula regarding how much that you might want to shave off at various points, what are the triggering number and hopefully you are not expecting to buy those back, but surely you could keep the value available to buy back, just in case.. and at the same time you may well be screwing up your own BTC accumulation if you are not even close to fuck you status.
You might find some value in going over some of the ideas in Risto's thread.. as I mentioned in an earlier post:
Ultimately, you do likely need to figure out where you are at, and if you are investing rather than gambling, then BTC's price performance should ONLY be part of the various items that you should be considering when you are considering selling at such seemingly meager profit levels in seeming pursuit of fiat, which seems to be the kind of tenor of the way that you directed your questions to me.
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