Yeah, sure $100k, comes before $500k, $1 million and even $20 million, but there is nothing wrong with considering and talking about those BIGger numbers
Part of the reason that we want to think about and talk about BIGger numbers is so that current BTC holders do not end up having too many regrets about selling too many coins too soon because they had failed/refused to have a BIG enough imagination and therefore they ended up failing/refusing to think BIG enough.
Correct, but also LOT of BTC Holders (newbies or not) are also very 'greedy' for the expectation of the top cycle and forget to sell too...
There is not necessarily any need to sell, and whether you start to include selling in your BTC portfolio management strategy might relate to how early you are in your bitcoin investment journey... If you are fairly early then there might not be any need to sell for one or two cycles.. even though you are promoting selling to buy back lower, which may not be a good idea. Surely one you have accumulated enough or more than enough BTC, then surely you can implement both price based and time based selling strategies... ..
And so my point is that selling is not necessarily a strategy for newbies, and there are a lot of no coiners and low coiners in the world, since probably less than 1% of the world's population has any bitcoin, so those guys cannot be selling.. since they have to get a stake prior to selling.
Yeah, you have been registered on the forum since 2016, so presumptively you have had enough time to accumulate BTC, even though I question whether your fucking around with trading is making you any better off than if you had just employed a more straight forward accumulation approach.. .. but hey those are individual choices, and you can compare your own results over the last 8-ish years to figure out if your approach has been a good one and/or if it is a good one to continue as compared to a more pure accumulation and HODL approach.
Probably it was stupid to not sell in late 2017 when we hit almost 20K with this big run since early 2016, after the long 2015 side way between 200/250$ (so almost x100), to reaccumulate more later.
Yeah but how are you going to know? And a lot of guys who accumulated BTC during that time still ended up doing quite well through having a consistent BTC accumulating strategy.
You seem to be implying that your fucking around with buying and selling has allowed you to do better than a pure accumulation and holding strategy?
For example, if you had started buying
$200 per week worth of bitcoin at the beginning of 2016 until present, you would have had invested nearly $90k, yet you would have 30.3222 BTC (spot price valued currently at right around $2 million)... so right around 23x in returns. Surely that is not a bad place to be, and are you saying that you got better than 23x returns in the last 8-ish years?
With bitcoin, historically there has tended to be no need to be fucking around with trading and then ending up selling at the wrong time and waiting too much and then failing to buy because you are hoping for lower prices, which probably fucks up a lot of your cashflow management and psychology too.. and even turns you into a downity cheerleader for such a great asset like bitcoin.
At the opposite, in 2021, lot had also big expectations but finally a double top at 'only' x3.5 of the previous ATH of 2017..So most of holders probably failed the some cash-out/ to arbitrate of the previous cycle, because was a bit a disapointed bullrun.
You surely seem to believe that selling is the solution, yet I question if you have been able to outperform a more strict DCA approach to BTC over the last 8 years with your supposed smarter than everyone else suggestions.
Nobody can know what will happen this cycle.. A small +/- 100K ? 150? 250? more?
We can still plan what to do mostly based on our own financial situation in terms of figuring out if we have enough BTC or not... .. Sure, if we have enough then we can consider price based and/or time based selling strategies. If we don't have enough then we have to figure out how to keep accumulating, and I question selling as an accumulation strategy. If we are in between having enough and not then we might figure out ways to buy the dip or to strategize with our buys or just HODL through this cycle, depending on our timeline for when we might start to implement price-based and/or time based BTC selling strategies.. but yeah, I am not much of a fan for selling in order to buy back cheaper, unless you already feel that you have enough or more than enough BTC.. But hey whatever, you do you, and maybe your BTC portfolio performance might end up beating a pure DCA and HODL strategy.. perhaps? perhaps?
You just have to organize with which level you feel confortable with, and how many % of your net wealth / portfolio you want to keep in BTC. Then the decisions are more easy to take, and with 'less' regret.
Yes.. sure, but the devil remains in the details. You seem to believe that you are going to be able to somewhat predict the price and any BTC sales that you do will allow you to at least buy back those same BTC and perhaps even more when (or if) the BTC price drops...and you also seem to be suggesting that your selling and/or waiting techniques are not interfering with your abilities to be sufficiently bullish and/or aggressive in your BTC accumulation.. and I have my doubts about how well traders/gamblers are able to accomplish those kinds of practices to sufficiently/adequately stack up on coins rather than wasting a lot of time fucking around and strategizing.. but yeah, if that floats your boat, then no problem, even though it might not be a good practice for regular people.. and in fact trading is not really good for about 90% (or more) of the folks who try it.. especially with something like bitcoin.
buddy may drag us pass 68k on sunday. It would be nice.
It is done.
And now it have added extra $200 to the $68k requested, I’m sure we can likely see $69k before the new week runs out..
Oh? It is going to take
that long?
And yes, it actually took that long to see $69k, just as predicted. I have to wait till I see it at $69k before I reply to this quote, as I was certain we would see it at $69k, which also did happen. What I did not just know was
. When That is part of the point. We can never really know both the price and the time.. since we can likely say one without the other, but it can be difficult to say both... Of course, time chugs along at a certain pace, but yeah, any of our projections of where bitcoin prices will be at any point in the timeline can be a bit arbitrary to try to place it with precision... of course, using price ranges (rather than exact prices) can help, but might not completely solve the problem since if we want to try to be somewhat accurate, the price range might end up needing to become broader and broader the further out in time we go.
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