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You can HODL as long as you get to a certain BTC stack size first, and once you get to a sufficient enough size you can also sell whenever you need to.
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That's exactly where I am, and enjoying it to the max!
Thank you, Bitcoin, for the freedom you've given me.
Thank you, Halving, for showing me how to get it.
You must have changed your formula, since it seems that previously you felt that you needed a minimum of $110k (or something like that).
Surely, you likely realize that I use the 200-WMA within consideration of a multiple of the quantity of BTC in order to determine what is the minimum amount of BTC that is enough to support a given withdrawal level, so then once the quantity of BTC is above that minimum amount of BTC level, then there seems to be a considerable amount of discretion in regards to how to treat the excessive amount of BTC...
So let's say that any particular HODLer wanted to have a certain amount of confidence that his BTC stash would support an income of $80k per year, so then he looks up the suppressed state of BTC prices to see that
right now, he would need to have somewhere in the ballpark of 15.2 BTC or more right now to support that withdrawal rate. Again, emphasizing that right now withdrawal rates are suppressed based on the BTC price being less than 25% above the 200-WMA.
Yet if such guy were to happened to have 21.2 BTC or even more than that right now, then he knows that he has at least 6 extra BTC.. .. Accordingly, he could create a variety of plans around potentially spending some or all of those extra 6 BTC - since they are extra BTC, there is nothing wrong with spending all of them, even though he also appreciates the idea of having a cushion of extra BTC, so he may well purposefully choose to maintain the extra cushion and monitor the situation from time to time in terms of whether the cushion might be growing or shrinking depending on the extent to which he might choose to spend any of his BTC.
Of course, the guy would be in an even more precarious situation if bitcoin were to be his only source of income and/or his ONLY investment asset (besides maybe small amounts of dollars), since there would be more pressure upon a guy if he were ongoingly withdrawing from his bitcoin holdings and had no other source of income and/or savings or investment, yet if a guy also were to have around 40% more BTC than he needs to have, then he has a bit of a financial (and psychological) cushion.
Many of us also might realize that there may well be a stage in our bitcoin accumulation journey in which we are not sure about whether we have reached a status of having enough or more than enough BTC.
Ok. now it is coming back to me. Your formula is reaching some valuation that is a multitude of the spot price? And, it seems to me that some kind of valuation like that might have some troubles in being able to continue to carry it out if the BTC price had dropped 40% to 50% from its earlier prices. No? Might you not get knocked out of overaccumulation status if you are using multiples of BTC's spot price to determine the extent to which you have enough or more than enough BTC?
@Ermaios - You've turned out to be quiet the little scumbag, pansy-ass punk! Go cuddle with your Turk lover boy, you stupid little goatbanger.
FYI, you’re either a scumbag (you, Ognasty & co), or you’re not (me), you can’t just
turn.
GTFO. Don't you know nuttin'?
Of course, both BTCETFInvestor and OgNasty are scumballs, but they are scumballs in their own unique snowflake way. Just like uie-pooie. "We" should not be lumping all of our scumballs into one bucket.
Looks like price has returned to almost where it was (a.k.a. inverse Bart).
Of course, this is just noise, will not even register on a zoomed-out chart.
A good opportunity for no/low-coiners to buy.
Coiners with enough corn will have to wait it out (for the n-th time), or keep on selling small amounts as needed.
Tumbleweeds.
Edit: back down again. Even cheaper corn. note-to-self: stop looking at the 15-min chart!
I will admit that I attempt to temper any of my BTC selling behaviors, especially when the BTC price is in the ballpark of less than 25% higher than the 200-WMA. Right now the BTC spot price is in the ballpark of 15% higher than the 200-WMA.
Poll
