Are you planning to sell in 2025?
I have not set a time frame for the sale, I have set a target price of $150k.
It seems pretty strange to me too.. that a relative newbie to bitcoin would be setting sales numbers.... It comes off as not really knowing or understanding bitcoin.
And, maybe it seems like it should be more obvious to have a long term bitcoin plan now, as compared to when I came to bitcoin in late 2013... and I had thought for myself a minimum of 1 year (for tax purposes), but really I wanted to consider 2 years or more as my real target timeline.
Yet, so frequently now, I am suggesting that anyone getting into bitcoin should be considering 4 years or more and then if they need to rethink matters after a whole cycle, then so be it, at least they would have a whole cycle into bitcoin at that point.
So in some sense, it seems that bitcoin's investment thesis is so much stronger these days so that when i compare to myself in late 2013 and considering a 1-2 year investment timeline or longer, and so now we should be able to more comfortably create a 4-10 year or longer investment timeline... and that is not really with any kind of individualization, since surely we should be able to recognize and appreciate that individuals are going to have their own particulars, yet at the same time, just generally speaking, so many folks likely could have an investment timeline that is 4-10 years or longer in which bitcoin could be included in that.
People can do what they want, and surely, each of us have different experience levels, including how much time we might be able to spend attempting to learn about bitcoin, and surely, I never suggest that there is any compelling need to learn about bitcoin prior to investing, since reasonably low amounts of DCA can be started right away and the amounts of weekly-ish DCA can be increased to go along with the learning and a likely conviction that should evolve from increasing bitcoin-related knowledge, which also should have a pretty large likelihood of causing someone to create longer BTC investment timelines that end up with sustainable withdrawal theories and approaches rather than thinking in terms of short-term dollar values.
Many of us likey should not feel so great merely because we spent $50k on bitcoin and we were able to buy a $300k Lamborghini from that investment money... but then end up without any bitcoin.
I know a lot of forum members over the years who started out just looking at number go up and having fairly short-term theories that involved pretty much selling all of their bitcoin at certain price points, and many of those forum members have come around to more sustainable ideas of planning to mostly hold their BTC rather than cashing out for dollars... and it is not like they are even giving anything up in coming around to that kind of a mindset - except for maybe a bit of delayed gratification, since they still are able to cash out chunks of BTC at various points along the way... and so for example, if a guy ended up accumulating 40 BTC-ish between 2014 and 2017 and then maybe he ended up selling 10 BTC in 2021 and maybe buying half of them back and also enjoying the proceeds, and then he is still plugging along, whether he is cashing out every year or every couple of year, and maybe at some point, he might decide to sell between 0.2 and 0.4 bitcoin every quarter and still be doing quite well with that level of sales.. while still largley retaining the value of his stash.
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