Why seek or trade your accumulated Bitcoin in the first place? I believe we all came here for the future, and sewn that Bitcoin has remained valuable and trusted, we are keen on continuous accumulation.
I am not going to assume that I know the goals of other people, or even that they know their goals, even though at the same time, I am going to continue to suggest that investing is better than trading, especially when it comes to bitcoin.
Surely, guys can do whatever they like, but when they try to promote trading as if it were the smart thing to do, then that is going to irritate me since an overwhelming majority of people (probably in the 90% or more territory) would be better off to either not trade at all or at least limit their trading to some small portion of their bitcoin holdings... such as less than 10%.
Nonetheless many guys (who probably don't know any better) are going to argue and promote trading as if it were the obvious way to play bitcoin, which it has not been, and it is likely not going to continue to be the right way to play bitcoin.
It becomes a different scenario when an investor chooses to trade his accumulated Bitcoin just because he wants immediate gain
Sure, he wants to get short term dollar profits, yet the dollar is not a good thing to hang onto, which means that there is a need to spend them, and so sure there can end up being some short term pleasures to get some extra dollars, yet these guys who have been trading are really hard pressed to be the returns of the accumulator and holder.. especially the longer the time horizon, such as over a couple of cycles... and frequently not only do they not beat the holder, they likely end up being in much worse of a position than if they woudl have had just bought and held... and stayed focused on accumulating bitcoin through ongoing, persistent, consistent, regular and perhaps even aggressive buying of bitcoin.
compared to when life or difficult situations has forced him to do so. To avoid the second reason of selling as stated, that's why we opine for a build of emergency funds and other back up funds to avoid such scenario warranting an investor to think of trading too early.
I am pretty sure that LOCKACO was talking about purposefully trying to figured out when to buy and/or sell rather than referring to situations in which he had not adequately managed his finances. He is trying to proclaim that there is some kind of value in trading, and seemed to be regretting that sometimes the trades do not go as they were expected to go.
But when the decision to sell is due to the first reason, you just want to sell because you want to make immediate gains from the pump, then I think it's actually not right, because that same portion that would be sold now can give you double or triple of the same gain made now in the nearest future if it was allowed to remain.
Some guys who are lacking in a long term vision (or long term staying power) conclude that it is o.k. to shave off some profits or to use their bitcoin as an emergency fund, as long as the bitcoin is in profits, so they may well end up selling at various points and perhaps making decently good profits, yet no where near the profits that they would have had been able to make if they had just kept holding through the ups and the downs and as you suggest to create abilities to be able to support their expenses (even surprise expenses) by moderately investing into bitcoin and building/maintaining sufficiently large enough back up funds.
Ovwr the years, we have seen people who sold too quickly, for reasons best known to them later regretting their actions. Even in a normal business, like buying and selling of goods, a business well structured with future plans and has lasted for years tends to bring greater productivity or profit compared to a business of 1-2 years or so. 4-6-10 years or even above is a great time for your Bitcoin to yield you great value. So why the rush to trade? Buy and Hodl, that should be the plan, that's what I represent.
Even your plan to get in and out of bitcoin in 4, 6 or 10 years might not be a good idea, especially since bitcoin is a paradigm shifting technology, and it seems that it is better thought about as a lifetime investment rather than to consider at which points you are planning to get out of it.
It seems to me that if you get your bitcoin to a certain size then you may well start to live off or your bitcoin (or at least have your bitcoin supplement your lifestyle at the point that you have reached in having more than enough BTC.
People or investors must fight the urge for immediate gains from Bitcoin investment thereby making them to sell rather too quickly. Even thouyits there personal investment and nobody has the right to lecture them on when to sell or not, it's wise we critically analyse the market and understand that long term hold of Bitcoin is the real deal and the proper way to getting more financial value out of it. Buy and Hodl.
You are not going to get any argument from me in regards to these points.
The day starts with these push-ups and I do three sets of push-ups throughout the day. I try to do as many as I can in three sets but I'm consistently putting as much pressure on my body as I can. I'm trying to gradually increase it and see how much I can increase it. Today I increased it by one, doing three sets of three push-ups.
10[edit]0k, LeyMonte, 19, 1147, 2025-09-18
Is that correct? You only did 9 pushups?
I looked up your day 18 report and it looks like you had done 1,084, which means that you did 63 pushups for the day, which would be 21 per set, perhaps?
[edited out]
You are absolutely right that Bitcoin has been one of the best-performing assets of the last decade. While its price is volatile on a daily, weekly, or even monthly basis, its long-term trend has been one of dramatic appreciation.
The Power of "Accumulation" and DCAYour approach of "ongoing, persistent, consistent, regular, and perhaps even aggressive accumulating of bitcoin through buying only" is essentially a description of Dollar-Cost Averaging (DCA), a strategy many investors use. This method is so powerful because
it removes all of the risks and emotions associated with trading.
Ongoing buying does not remove all risk, especially if the BTC price does not end up going up in price at some point.
Guys also need to assess that they are spending within their means, yet they are ongoingly going to be in bitcoin, so the trader might not be in bitcoin when it drops in price, and surely bitcoin can drop in price in the short term and it can continue to drop in price even for extended periods of time.
It Automates Discipline: By setting up regular purchases,
I never said anything about automating purchases. I prefer manual purchases, even though automated purchases could still work for some folks who don't want to be actively buying bitcoin on a regular basis.
By definition, if someone is going to set automatic purchases, they need to set them in such a way that is not going to end up causing them to spend beyond their discretionary income, so they might have to set them up more whimpily than what they might be able to accomplish with manual buys... but even with all of that taken into account, automatic buying might work better for some people who don't want to think about and dedicate time to buying bitcoin on a weekly basis (or whatever might be their buying interval).
you are forced to stick to a plan.
Huh? Who is forced? You can choose how much of a priority you give to bitcoin, so yeah, you can force yourself, but I would hardly call a voluntary decision as being forced. If you are purposefully setting up buys every week you are forcing yourself.... but that is not force, since you can force yourself not to at any time too.
You buy when the price is high and when the price is low, which over time, gives you a lower average cost per Bitcoin than if you had tried to time the market with a single lump-sum investment.
If the price is going up, then you don't end up with a lower average buy price. You only get a lower average buy price if the price goes down.
One of the advantages of DCA is pretty much being able to buy as soon as money comes available and tailoring it within your budget, and sure you can pick a set amount or you can vary the amount depending on your discretionary income.
The reason that price is not very much of a factor is because there is an ongoing assumption that the long term trend of the asset (in this case bitcoin) is going up, so even if it goes up and down in the short term, that overall if you are buying the average of the market, then 4-10 years or longer down the road, it becomes quite likely that your average buy price is going to be much lower than the then current price.
It Reduces Stress: You don't have to watch the charts all day. You are not worried about daily price drops because you see them as an opportunity to buy more Bitcoin at a discount.
Sure. That part is true. if you are ongoingly buying at any price, then you likely become less worried about the extent to which it is up, down or sideways in the short-to-medium term.
Even though you are hoping that it ultimately goes up in price, it likely would be better for it to not go up in price too rapidly while you are in your earliest of stages of accumulating it.
It Focuses on the Long-Term Vision: This strategy is rooted in the belief that Bitcoin will continue to appreciate over a long period. It's an investment in a technology and a network, not a bet on a price chart.
True.
The "Overaccumulation" Concept
Your point about "overaccumulation status" is a fascinating one. It suggests a point where a person has enough Bitcoin that they no longer need to accumulate more and can even start to use it. This is a very different mindset from a trader who is always looking for the next opportunity to sell.
It is not completely my idea, even though I have been emphasizing it for several years, and even tried to build some models around it... so in some sense, my building on it and trying to tailorize it to bitcoin has allowed me to come up with some arguments that seem to be more tailored to bitcoin, even though ultimately guys might consider that they have other investments or ways that they might want to graduate from one stage to another stage in their building up of their wealth so that they can reach some kind of stage of financial independence - most likely being a combination of bitcoin and dollars (fiat) but also would likely feel stronger to have other assets within their holdings, especially once they actually reach over accumulation status... but in the meantime, if they are in the stages of building their assets, it may take time to both build their assets, but even they might have a stage of maintenance that causes them to neither be buying or selling for a period of time before they might graduate to being in a selling stage.
Building wealth can take a long time, so a person goes through accumulation stage and then maybe is in a maintenance stage prior to getting into a sustainable withdrawal stage, yet a person who is not getting old by the time they get to their sustainable withdrawal stage may well continue to earn income through work, which may or may not affect his bitcoin investment in the event that he continues to work after he has reached overaccumulation status with his BTC.
For a long-term holder, selling is not the goal. The goal is to accumulate a sufficient amount of a valuable, deflationary asset.
I don't know if we can generalize like that, but once a person reaches overaccumulation status, he can sell within the overaccumulated amount, so long as he is not selling faster than it is growing in value, but if he is still earning income from other assets, then perhaps he would sell from his inferior assets before selling from his superior assets, and bitcoin remains the apex of assets, so it would be the asset that would be sold last, in the event that other assets are available to sell first.
Selling only becomes a consideration for major life events
If you have other assets to sell first, then you would sell them first, but yeah, if the only asset that you have is bitcoin then you would sell it for major life events.
or when the person has reached a level of financial security where they can use their Bitcoin for "spend and replace" without diminishing their core holdings.
I consider spend and replace to be something that is done during the period that you are still building your holdings. Once you reach overaccumulation status, there is no need to replace, and replace becomes optional. Surely there can be instances in which a person has excess cash and/or other assets, and they would convert those into bitcoin, since bitcoin is a superior place to keep assets (and/or value).
Ultimately, your perspective is aligned with what has historically been the most successful strategy for most people in the Bitcoin space: HODLing. The short-term gains of a few successful traders are often dwarfed by the consistent, long-term returns of those who simply buy and hold, avoiding the pitfalls and stress of active trading.
If you look at bitcoin's price performance over a couple of cycles or longer, then it would be difficult for any trader to be able to beat a buy and hold strategy. People can still do what they like, even dumb things, such as trading bitcoin, or trying to trade bitcoin. That is their choice.
My question before the day is over, is! When then do you think is the write time to sell your accumulated profit on bitcoin, because i know for sure that the market is volatile and unpredictable.
SO WHEN DO WE SELL
Have you reached overaccumulation status yet?
If not, then you keep buying until you reach overaccumulation status.
But yeah, ultimately, you can do whatever you like. Even dumb shit, which is continuing to try to trade, even when you recognize that trading is an inferior practice.
10[edit]0k,JayJuanGee,589,127360,2025-09-15
I made a mistake on my 589 day, and it should have had looked like this. No need to change the table, but I just wanted to clarify).
JayJuanGee,589,127430,2025-09-15
JayJuanGee,590,127565,2025-09-16
JayJuanGee,591,127670,2025-09-17
100k,JayJuanGee,592,127830,2025-09-18
Poll
