Buy Buy Buy or Sell Sell Sell?

[Jostern]

I think holding and continuing to buy.. .and continuing to buy is likely one of the better things to do to continue to reinforce the practice of accumulating bitcoin until reaching a status  of sufficient or overaccumulation.. which surely I think will take many normies 4-10 years or longer to reach such status of overaccumulation unless they are able to either front load their bitcoin investment or perhaps to be able to invest into bitcoin at high levels of their income.

Having bitcoin is the best thing one can ever think of to be financially stable. Accumulating it is not difficult, as some people think; it is very easy to do so. If people are so comfortable in holding fiat, I don't see why they shouldn't hodl bitcoin comfortably for years, which will yield good profit. The DCA method is there for investors to accumulate bitcoin easily with just the amount that they can afford consistently. Bitcoin investment is a good opportunity indeed that shouldn't be taken for granted because it is an investment that everyone can partake in. It doesn't discriminate, selecting only those who are financially capable; it is an investment for everyone, irrespective of what one earns as income. It is high time for people to learn how to be patient to hodl comfortably and get good profit investing in bitcoin.

Bitcoin investment is not just for everybody there is an exception to this, those struggling to take care of their basic needs that doesn't have a discretionary income is not eligible to invest in Bitcoin, your financial capability must be strong enough to take care of your important needs before considering investing in Bitcoin because that is the only way you can buy and hold for long term, Bitcoin is good and can be profitable over long term but it is not just for everyone as you said, we can only make  it more clear and understandable when we say that Bitcoin offers equal opportunity for anyone that is ready to invest because anyone is allow to invest within their own level of discretionary income, because you saying that Bitcoin investment is an investment for everyone it might include those that doesn't discretionary income and those that have which is wrong.

Yes, although there is an investment opportunity in Bitcoin for everyone, not everyone is suitable for investment. Generally, if those who do not have a discretionary income are interested in investing, they may save a little for a while, but they may lose it very soon, which is why it is necessary to consider whether they have the ability to invest or not. Only those who have a discretionary income are suitable for long-term investment in Bitcoin. With this discretionary income, they can increase the accumulation of Bitcoin in the long term by following DCA. The point that has been emphasized here is that if there is no strong income opportunity, especially if there is not enough money at the end of the week or month, then investing in Bitcoin is not suitable.

Not having a strong income opportunity shouldn't even stop or discouraged an investor not to start up his bitcoin investment provided he has a discretionary income he is good to get started and gradually increase his financial strength along the way I believe we don't necessarily need huge amount of money in other to get started with the little income an investor can still be accumulating Bitcoin gradually using the DCA strategy to accumulate every weeks or months and hodl for long and also be planning on how to increase your financial strength so you can still be consistently accumulating Bitcoin with out any thoughts of selling soon due to insufficient discretionary income to accumulate Bitcoin with.

You are absolutely right, you don’t necessarily need to have all the money in the world to build your Bitcoin portfolio, as long as you have a good stable income you can build you Bitcoin portfolio gradually and you can continue accumulating and building your portfolio by adopting the DCA strategy to accumulate the most important thing is to be consistent and patience in accumulating your bitcoin and also planning to HODL for a long time which is the more suitable way of accumulating and maintaining your portfolio. Bitcoin is volatile, in as much as Bitcoin is unpredictable doesn’t mean we should not hold or stop accumulating. Being volatile should be one of the reasons why we should never stop accumulating until we get to over accumulating for a long term project.

[Silikiem]

I consider bitcoin to be a lifetime investment, so once you reach overaccumulation status, then you would start to have the option to sell within the overaccumulated amount, and so I do not consider bitcoin to be an asset in which you might spend 4-10 years or more accumulating it and then you sell large portions of it or even all of it.

After reaching the accumulation limit of more than say 10 years of doing it and bitcoin is already in the range of $500K, it will sell bitcoin partly for sale because the goal has been fulfilled from the initial investment plan.
So I will not continue to hold for as long as possible, there is a time to sell but now is still not the time because it is still planting and until the harvest arrives after 10 years.

You are absolutely right there is always time to sell. And I don’t think that we can keep holding for a lifetime, The primary goal of someone that is investing in bitcoin should be accumulating for as long as 4-10 years then at that point you have achieved your goals and you can try selling little by little so you don’t have to sell all your investments. At this point a newbie should be more interested in accumulating and getting to over accumulating.

Selling off your bitcoin investment is not a good idea for someone whose original strategy was a long term goal, In this aspect there’s no set years or time, you just have to keep accumulating because if you say 4-5 years, what if at the end of this the target isn’t met, so the ultimate strategy is to keep accumulating. Even if you have an urgent financial need, that’s not a good reason why you should sell because as an investor you’re ought to always make arrangements for your emergency funds, because this is mostly one of the reasons why people tend to sell off part or all their bitcoins portfolio, sometimes due to a little downturn in the market after several years of holding you start panicking to sell, that’s never a good reason for someone whose original strategy is to hold for long term. The least you could do is that if you noticed you’ve accumulated enough even more than your target, you can decide to just take out your profit and still continue with your accumulation.

[Sonia_123]

You are absolutely right there is always time to sell. And I don’t think that we can keep holding for a lifetime, The primary goal of someone that is investing in bitcoin should be accumulating for as long as 4-10 years then at that point you have achieved your goals and you can try selling little by little so you don’t have to sell all your investments. At this point a newbie should be more interested in accumulating and getting to over accumulating.

Beginners who want to realize this early are very lucky beginners and also very good because in the early stages of investment, anyone must be more diligent in making accumulations with Bitcoin which they must buy more often with the income they already have from their current job. As for selling, I think it is a simple thing that can be done by anyone as long as they have seen more benefits from what they have invested so far, namely Bitcoin. So there is no need to bother to understand how to invest in Bitcoin as long as we ourselves have the desire to do it in the long term with certain targets from each individual.

It is foolish to sell your entire investment after the investment period ends. Because you have been investing for a long time and you have kept your holdings until your time limit ends. If you sell your holdings after that, then you will have to start investing again and you will have to wait until your time limit ends to sell your holdings. But if you do not sell your entire holdings, you can sell some amount of holdings during your need period which will be able to meet your needs. If you can keep your holdings in this way, then it will be good for you.

Someone who wants to sell Bitcoin after keeping it for years, I think it is done on the basis of a fairly large profit because if not for that, I am sure that someone will not sell all their Bitcoin assets except to cover the sudden needs that they are experiencing at that time. I actually also quite agree with what you said , but maybe for some people who have found more benefits, they will definitely not be able to resist the temptation to sell everything for that. So things like that still depend on the wishes of each individual when they want to sell their own ownership.

It is not advisable and it's not a good bitcoin portfolio management for you to sell all your bitcoin portfolio as once because you have more benefits/profits. This is like you selling your establishment because it has worth a lot in your eyes when the establishment is still generating good profits for you. Bitcoin investment is more than an establishment because of its compounding value overtime. After selling all your bitcoin that you took a very long time with sacrifice to build, what is next. Holding fiats that will depreciates in value or investing into something else?

That's a very good point there, and of course selling our bitcoin at once seems to be a wrong method in my opinion. However, I think the best method of selling our holdings probably  when we must have reach the status of overaccumulation is by selling some amount which you know is okay for you as an investor, but the amount is not supposed to be more than 30% or in such a way that you won't find it difficult in trying to build back your portfolio that's in my opinion, Instead of selling all our holdings at once. I could imagine how long it will take for an investor to build back his portfolio to it's normal standard, and most of them can decide to give up after they must have Considered the time/ years which they're going to spend in building back the portfolio, because that strong determination which they had when they were still new into bitcoin investment is no longer there.

It is true that selling your Bitcoin holding at once is a very wrong approach and again before you will even decide to start selling your Accumulated Bitcoin you must make sure you have accumulated enough you can't just start accumulating newly and quickly start selling is wrong.
When it comes to the method that should be used when selling your Bitcoin according to JayJuanGee he said that selling 10% for every time that the BTC price doubles is a very conservative approach and I agree with that and I think using this approach will help you maintain your Bitcoin investment and prevent it from running dry, some set of people use some approach that makes them run dry there Bitcoin investment which is very wrong when you have accumulated enough you need to use a method of selling that will help you maintain your investment and selling 10% for every time that the BTC price doubles is perfect.
You can go through this thread to JJG's Bitcoin Investment Ideas (Sustainable Withdrawal / Portfolio Maintenance) also to guide you more.

Some persons, don't intentionally sells off their investment like that,but due to situations they are forced to since they have good fraction of Bitcoin, they sells it off if they want to sell, some persons sell off their investment that they must have accumulated for a long-term period due to health issues because there is nobody to assist them financially for their medications, while some sell off because they are dieing and don't have any trusted person to transfer their inheritance to, and so they sell it off to fulfill their last wish if they have any, or eat up all their money before they die, so that the effort being made buying and accumulating their investment will not be a wasted effort

[JayJuanGee]

This is my exact sentiment here buddy, selling all at once is like saying that you are no longer interested in making money or you are saying indirectly that you will be dieing tomorrow, so their will be no point having any Bitcoin anywhere, because even Elon musk the richest man in the world now is still investing, because he is still looking to make more money, so why selling off all your investment and start afresh if he is going to start again at all.

It is foolish to sell your entire investment after the investment period ends. Because you have been investing for a long time and you have kept your holdings until your time limit ends. If you sell your holdings after that, then you will have to start investing again and you will have to wait until your time limit ends to sell your holdings. But if you do not sell your entire holdings, you can sell some amount of holdings during your need period which will be able to meet your needs. If you can keep your holdings in this way, then it will be good for you.

Well I don't think it is even that easy to sell all the Bitcoin one have accumulated for years just that like, the only time it can be that easy to sell everything is when that particular investor didn't have a good fraction of Bitcoin is his or her portfolio because if an investor has a good fraction of Bitcoin in there portfolio then selling everything won't be that easy because the investor will calculate how long it took him or her to get to that height.

Moreover, any investor that wants to sell all his or her investment should at least have a good plan of what they will use the money for else it becomes a waste and a reckless decision and even the investor will regret after selling and didn't make good use of the money. So anyone who has plan on what to use the money for, I don't see anything wrong with that so long as they have hold for a long term and they have gotten a good return from it.

Why selling all off once, in as much as you have reached your over accumulating stage, you must have made some good amount of profit, why not spend the profit and continue with still the over accumulating.

Once a person reaches overaccumulation, there may well not be any need to continue to accumulate bitcoin, and any accumulation of bitcoin, after reaching overaccumulation stages would be optional.

If a person is engaging in sustainable withdrawal after reaching overaccumulation (whether price based and/or time based sustainable withdrawal), there would be no need to withdraw more than the overaccumulated amount, so the goal would be that your bitcoin holdings stays in overaccumulation status until such time as you might need the priciple based on health and/or age considerations... otherwise you can perpetually continue to withdraw from the overaccumulated amount without ever running out of BTC... of course, if you are spending from within the limits of your overaccumulated amount, then the value of your BTC, including that in the overacculated amount is growing faster than you are spending it.. until such time as you purposefully decide to reduce the principle based on age/health considerations.

If I were you, i will only be spending my over accumulation and profit, then hold on to my capital and still continue accumulating because holding Bitcoin for 4-10 years, you must have achieved x10 of the money you used to buying Bitcoin, therefore getting at the peak/over accumulation of your Bitcoin and selling all at once to start from zero level again is not wise and unhealthy for an investor to practice,if you are so eager to sell reasonable amount of your Bitcoin, you can decide to sell half of your accumulation and not all, because you can still get good profit from it to do what ever other business or plan you have in mind.

We cannot presume that our BTC holdings have 10x'd in profits, yet if we put a year's salary into bitcoin and bitcoin had 10x'd in value, then it is quite likely that we are getting near what could be threshold fuck you status (an ability to live off our bitcoin and to replace our income)... How much we accumulate beyond our threshold level might help to establish how much we might be able to increase our standard of living to higher levels.

We should not be trying to give exact guidelines since any of us should be attempting to particularize the value of our bitcoin and how we might manage it to our own situation, and surely I think it would be bad to be selling large portions of our bitcoin holdings and putting ourself back under overaccumulation status, since that might justify that we have to go back to accumulating bitcoin since we no longer have enough (or more than enough).  

The more that we exceed our threshold accumulation level, the more options we have, and even at some point if we might have barely made our threshold overaccumulation level, it seems that if we are valuating our bitcoin holdings based on the 200-WMA value, then quite likely after 3 years or perhaps even less, our withdrawal rate will likely double merely from the passage of time (even if we had not added more BTC to it, as long as we were not withdrawing, either).   There are a lot of ways that we can choose to manage our BTC holdings in terms of keeping adding, stop adding but don't withdraw, stop adding but withdraw at a reduced rate, stop adding and withdraw at a maximum rate and/or variations of these ways of managing our BTC holdings with targets of continuing to allow it to grow or perhaps to merely keep it stable in value or perhaps to reduce its value over a certain period of time.... The BTC holdings are sustainable as long as they are not being reduced greater than the rate that they are growing.

What do you mean by investment period ending? Wait, are you saying someone can invest in Bitcoin and decide from the beginning that he will sell after a given number of years? That is funny because I'm just imagining what he will do if there have not been reasonable profits during that period, will he sell at loss? I don't see this as an efficient way to go about investing in Bitcoin because it has a chance of breeding frustration and loss of confidence and even money. Besides, someone who have this plan may be tempted to invest beyond what he should with the hope that he will recoup his investment when he sell. Some may even go as far as borrowing money to invest which is never advisable.

While investing in Bitcoin, it is good to give some room for time-based growth and not force the market to vomit profits at a set time. This is why it is strictly advisable to only invest discretionary income so that there will be no pressures to sell at a particular time.

I agree with most of what you said, yet I don't agree with your assertions about how to weigh borrowing money, since you said that it is never advisable to borrow money, which seems a bit strict and/or closed minded in terms of assessing individual circumstances and loan terms.

For sure, there is value in terms of having some flexibility in our investment timeline, and we may well even vary the amount that we invest over time too.. based on various reassessments of our own capacities and our chosen lifestyle.

[edited out]

I see that some still don't understand why they should invest in bitcoin from any other assets of investment, even though we may also regard this from the way some are less informed about the use of bitcoin for their asset preservation and investment that could yield more than other forms could give them if invested over time, the security is there, we have control over our digital asset and we choose when to start, buy and sell or for how long we are going to hodl bitcoin, if you could discover these along with me, seeing the increasing rate of bitcoin as national reserve by some prominent countries is a good example that anything that can withstand the effect of inflation over it value is worth going for.

I can understand how some people might be hesitant to sell any of their prior investments in order to reallocate into bitcoin, yet even if someone might have been investing for 10 or 20 years and they may have built up an investment portfolio that is worth 2-5x their annual income, they still might want to consider that it might be valuable to figure out some kind of an allocation to bitcoin, but they still might have dilemmas about how to reach their target bitcoin accumulation level whether their target might end up being somewhere in the 5% to 25% amount or even some other target level that they would like to allocate towards bitcoin.

Maybe an example might help?

Let's say that a person is in his late 30s or early 40s,and he had been investing from his work salary for the past 15 years, and he invested around 15% of his salary into various index funds like a 401k and perhaps he owns property too... and so his income had started out in the lower $20ks, but he got promoted and received raises and cost of living increases, so now he is earning around $50k.  so maybe he invested around $60k over the years, and maybe his investments had largely doubled in value.  So they are currently worth around $120k.. but the guy would like to be able to get to a point of being able to withdraw at least 20% higher than his current income.

If he invested 5% to 25% into bitcoin, then that woudl be somewhere between $6k and $30k, but he might not want to deduct from his current investments, even though at his curent income rate, he is really ONLY able to invest at most $200 per week... which he realizes that it would take him around 3 years to reach $30k invested, so he may well try to figure out some kind of way to sell some of his current investments in order to reallocate into bitcoin, or some other ways that he is able to increase his weekly investment amount higher than $200 per week.. and surely there could be some employers that match contributions, so he might not even be incentivized to divert his income from his other investments into bitcoin, sine he would not receive the matching amount.  

Each person can be left with dilemmas in regards to getting into bitcoin, even if he has already established himself in other investments prior to getting into bitcoin.. but surely the guys with other investments are going to have more options than guys who are barely getting started and even guys who also might have to spend time making sure that their emergency fund has enough funds to give some protections to their BTC investment.

[edited out]

It is true that selling your Bitcoin holding at once is a very wrong approach and again before you will even decide to start selling your Accumulated Bitcoin you must make sure you have accumulated enough you can't just start accumulating newly and quickly start selling is wrong.
When it comes to the method that should be used when selling your Bitcoin according to JayJuanGee he said that selling 10% for every time that the BTC price doubles is a very conservative approach and I agree with that and I think using this approach will help you maintain your Bitcoin investment and prevent it from running dry, some set of people use some approach that makes them run dry there Bitcoin investment which is very wrong when you have accumulated enough you need to use a method of selling that will help you maintain your investment and selling 10% for every time that the BTC price doubles is perfect.
You can go through this thread to JJG's Bitcoin Investment Ideas (Sustainable Withdrawal / Portfolio Maintenance) also to guide you more.

I agree that I said that cashing out 10% every time the BTC price doubles is a fairly conservative approach to price-based sustainable withdrawal.

Also, I am pretty sure that I said that selling 10% every time that the BTC price doubles is one of the possible portfolio management (and sustainable withdraw) methods that becomes available after reaching overaccumulation status.  Guys will sometimes start to employ methods of selling BTC prior to their having had reached overaccumulation status, and to the extent that my opinion matters, I do not agree with selling BTC prior to reaching overaccumulation status unless you are engaging in spend and replace or you have some kind of an emergency or you are cashing out due to age and/or health concerns.

[SilverCryptoBullet]

I agree that I said that cashing out 10% every time the BTC price doubles is a fairly conservative approach to price-based sustainable withdrawal.

Also, I am pretty sure that I said that selling 10% every time that the BTC price doubles is one of the possible portfolio management (and sustainable withdraw) methods that becomes available after reaching overaccumulation status.  Guys will sometimes start to employ methods of selling BTC prior to their having had reached overaccumulation status, and to the extent that my opinion matters, I do not agree with selling BTC prior to reaching overaccumulation status unless you are engaging in spend and replace or you have some kind of an emergency or you are cashing out due to age and/or health concerns.

It is a very good sustainable withdrawal while almost giving good chance of buying back and having nearly same or even more amount of bitcoin later when price has pull backs, corrections, drawdowns or crashes.

When Bitcoin price doubles, your initial capital can be doubled too but it's very rough assumption because it depends on your entries and prices of accumulating bitcoin before. If DCA strategy was applied well, your average entry price would be not too far from a half of Bitcoin price (let's say its doubling price at a time of your taking profit action), so withdraw 10% of your investment capital is good.

With remaining bitcoin and capital, you can reaccumulate bitcoin in next dips without big decrease in your total bitcoin amount.

[JayJuanGee]

I agree that I said that cashing out 10% every time the BTC price doubles is a fairly conservative approach to price-based sustainable withdrawal.

Also, I am pretty sure that I said that selling 10% every time that the BTC price doubles is one of the possible portfolio management (and sustainable withdraw) methods that becomes available after reaching overaccumulation status.  Guys will sometimes start to employ methods of selling BTC prior to their having had reached overaccumulation status, and to the extent that my opinion matters, I do not agree with selling BTC prior to reaching overaccumulation status unless you are engaging in spend and replace or you have some kind of an emergency or you are cashing out due to age and/or health concerns.

It is a very good sustainable withdrawal while almost giving good chance of buying back and having nearly same or even more amount of bitcoin later when price has pull backs, corrections, drawdowns or crashes.

When Bitcoin price doubles, your initial capital can be doubled too but it's very rough assumption because it depends on your entries and prices of accumulating bitcoin before.

If you have some kind of a spreadsheet program (such as Excel), it is pretty easy to keep track of your average cost per BTC at various points in time, and surely having a spreadsheet, there are all kinds of things that you can keep track of.

Surely, sometimes there could be confusion regarding some of your purchases and/or even your sales and/or other kinds of conduct that you engage in regarding building and/or maintaining your bitcoin holdings, yet you should still be able to come up with various average cost per BTC on various dates for your overall BTC holdings or even for BTC holdings that fall within smaller categories (perhaps based on dates acquired).

If DCA strategy was applied well, your average entry price would be not too far from a half of Bitcoin price (let's say its doubling price at a time of your taking profit action), so withdraw 10% of your investment capital is good.

With remaining bitcoin and capital, you can reaccumulate bitcoin in next dips without big decrease in your total bitcoin amount.

You are talking about trading.  I have been specifically recommending against trading bitcoin.  Bitcoin is amongst the best of assets and you want to fuck around trying to trade it?

One of the things about reaching overaccumulation status it can take 4-10 years or longer to get to such status that would then allow you to start to sell from your overaccumulated amounts, but if you are fucking around with trading, you might never reach overaccumulation status because you are too busy waiting or strategizing for BTC price dips that may well not end up happening... so you have way less likelihood of staying focused on bitcoin accumulation and getting to overaccumulation status which then would put you in a situation where you might start to employ price-based and./or time-based sustainable withdrawal strategies. 

If you are fucking around with trading, you are likely just diluting  yourself with the wrong focuses, including getting excited about small and meaningless levels fo profits and proclaiming that you are winning when you are not... but hey, whatever.  Each of us is responsible for our own bitcoin portfolio building and management and we live with the consequences if we end up fucking up and not being able to turn back the clocks to fix our screw ups.

[michellee]

Some persons, don't intentionally sells off their investment like that,but due to situations they are forced to since they have good fraction of Bitcoin, they sells it off if they want to sell, some persons sell off their investment that they must have accumulated for a long-term period due to health issues because there is nobody to assist them financially for their medications, while some sell off because they are dieing and don't have any trusted person to transfer their inheritance to, and so they sell it off to fulfill their last wish if they have any, or eat up all their money before they die, so that the effort being made buying and accumulating their investment will not be a wasted effort

Agree with this because I have been in that situation before. But fortunately, I have emergency fund that I always prepare monthly just in case I have an urgent situation. So I don't sell too many satoshis but just help to cover the emergency funds if that funds can not cover it. It is why you need to allocate some money for emergency fund to cover your health issue or other urgent situation so you don't have to sell your Bitcoin. Until the time to sell is come, you will have your chance to enjoy your profit and prepare the funds for many things.

[Ricardo11]

Some persons, don't intentionally sells off their investment like that,but due to situations they are forced to since they have good fraction of Bitcoin, they sells it off if they want to sell, some persons sell off their investment that they must have accumulated for a long-term period due to health issues because there is nobody to assist them financially for their medications, while some sell off because they are dieing and don't have any trusted person to transfer their inheritance to, and so they sell it off to fulfill their last wish if they have any, or eat up all their money before they die, so that the effort being made buying and accumulating their investment will not be a wasted effort

Agree with this because I have been in that situation before. But fortunately, I have emergency fund that I always prepare monthly just in case I have an urgent situation. So I don't sell too many satoshis but just help to cover the emergency funds if that funds can not cover it. It is why you need to allocate some money for emergency fund to cover your health issue or other urgent situation so you don't have to sell your Bitcoin. Until the time to sell is come, you will have your chance to enjoy your profit and prepare the funds for many things.

Many people do not understand the importance of an emergency fund at first, but when they face a real situation and need money, which forces them to sell their holdings at a loss, then they realize the real importance of an emergency fund. An emergency fund should be mandatory to sustain an investment in the long term, because unexpected situations naturally occur in a person's life, no one can ever say that he will never face unexpected situations, so a good emergency fund must be prepared with realistic thinking in mind. With a strong emergency fund, an investor never has to sell his holdings at a loss and he is able to hold his Bitcoin holdings for the long term.

[tiCeR]

Remember the times when everyone thought that 1 mbtc is like having dust lying around the wallet. I have never looked it up, but I can imagine that lots of wallets have been abandoned or not been paid attention to because back at the time there was only 1 or 2 mbtc left in it. I am sure that a lot of consolidation transactions took place when bitcoin began to rise to these impressive prices.

I expect something similar for satoshis to happen. 1 satoshi is roughly 0.1 cents now.

Satoshi (sats)      Bitcoin                        U.S. Dollar
1 Satoshi            0.00000001 Bitcoin      $0.000941
10 Satoshi          0.00000010 Bitcoin      $0.00941
100 Satoshi         0.00000100 Bitcoin      $0.0941
1,000 Satoshi      0.00001000 Bitcoin      $0.941

If bitcoin goes 10x, and this can happen faster than many people think, 1 satoshi is 1 cent.

I have been around when nobody was talking about 1 mbtc (millibits), now it has become the standard unit in most cases. The next step will be μBTC (bits = 100 satoshi) and that is when 10x is achieved and 1 bit is around $10.

That is why I recommend not treating any smaller left over amounts in wallets as dust and instead make sure private keys are kept and not thrown due to the disbelief that it could ever become worth something. I am sure there are so many dead bitcoin wallets out there when owners thought it is not worth noting the PKs because those few thousand satoshis aren't worth it.

I literally experience this before the bullrun started I usually do some swapping of token so then when I swap any token to bitcoin in my exchange there’s always this leftover of small unit of bitcoin and I don’t even take notice of them , so when the bullrun started I was having like 4,168 sats and I was not aware of it but after the surging in prices to the range of $60k I found out that I was having an extra $2.5 , then I found out that it was those little unit I didn’t even care to notice that have increased to that $2.5 , the funny thing is that one day may be it would have turn $4168 , then bitcoin price would be in the price range o $100,000,000 ( just saying ).

So is good to always keep your seed phrase safe , because one day that unit of bitcoin you considered small may turn up to be something beautiful someday .

Yes and you can only guess how many wallets there are with what the owners considered to be "dust". I have had that several times and it reminds me these minimum withdrawal amounts that exchanges imposed upon their users and therefore countless of satoshis couldn't be withdrawn. The exchanges can consolidate when fees are low and some of the exchanges don't even exist anymore, which means they don't face the risk of users trying to log into their accounts again.

The term "dust" has changed significantly over the years. 1 mbtc, which is 100,000 satoshis, used to be dust and many users thought it won't ever be worth moving that dust.

But I assume there is a shift going on in users' minds when they look at their wallets with leftover satoshis. The way these wallets are maintained or looked at has changed I suppose.

[Solokan]

I consider bitcoin to be a lifetime investment, so once you reach overaccumulation status, then you would start to have the option to sell within the overaccumulated amount, and so I do not consider bitcoin to be an asset in which you might spend 4-10 years or more accumulating it and then you sell large portions of it or even all of it.

After reaching the accumulation limit of more than say 10 years of doing it and bitcoin is already in the range of $500K, it will sell bitcoin partly for sale because the goal has been fulfilled from the initial investment plan.
So I will not continue to hold for as long as possible, there is a time to sell but now is still not the time because it is still planting and until the harvest arrives after 10 years.

yes it is a good idea to sell some of the btc that we have collected for a long time because the goal has been met and after getting a big profit and indeed if the btc price is already in the range of $ 500k it is indeed time for us to enjoy the results of our hard work that we have collected for years.

yes it is true of course if at this time the price of btc can still be said to be cheap and of course the profit is not big if it is sold now and it is true that now is the time to buy or can be called the planting period and after a minimum of 10 years we hold it and the target has been achieved then it will have good potential to sell a little btc and enjoy the benefits of the investment results.

but what is certain is that I personally will also sell some btc when the time comes and there is certainly some btc that I will hold and will be inherited by my children because of course btc will definitely be even better in the future for example more than 10 years from now and it is not impossible that btc will be able to rise to a price of $ 1 million dollars. so yes at this time I think I continue to be enthusiastic about dca.

[laijsica]

You are absolutely right there is always time to sell. And I don’t think that we can keep holding for a lifetime, The primary goal of someone that is investing in bitcoin should be accumulating for as long as 4-10 years then at that point you have achieved your goals and you can try selling little by little so you don’t have to sell all your investments. At this point a newbie should be more interested in accumulating and getting to over accumulating.

Beginners who want to realize this early are very lucky beginners and also very good because in the early stages of investment, anyone must be more diligent in making accumulations with Bitcoin which they must buy more often with the income they already have from their current job. As for selling, I think it is a simple thing that can be done by anyone as long as they have seen more benefits from what they have invested so far, namely Bitcoin. So there is no need to bother to understand how to invest in Bitcoin as long as we ourselves have the desire to do it in the long term with certain targets from each individual.

It is foolish to sell your entire investment after the investment period ends. Because you have been investing for a long time and you have kept your holdings until your time limit ends. If you sell your holdings after that, then you will have to start investing again and you will have to wait until your time limit ends to sell your holdings. But if you do not sell your entire holdings, you can sell some amount of holdings during your need period which will be able to meet your needs. If you can keep your holdings in this way, then it will be good for you.

Someone who wants to sell Bitcoin after keeping it for years, I think it is done on the basis of a fairly large profit because if not for that, I am sure that someone will not sell all their Bitcoin assets except to cover the sudden needs that they are experiencing at that time. I actually also quite agree with what you said , but maybe for some people who have found more benefits, they will definitely not be able to resist the temptation to sell everything for that. So things like that still depend on the wishes of each individual when they want to sell their own ownership.

It is not advisable and it's not a good bitcoin portfolio management for you to sell all your bitcoin portfolio as once because you have more benefits/profits. This is like you selling your establishment because it has worth a lot in your eyes when the establishment is still generating good profits for you. Bitcoin investment is more than an establishment because of its compounding value overtime. After selling all your bitcoin that you took a very long time with sacrifice to build, what is next. Holding fiats that will depreciates in value or investing into something else?

That's a very good point there, and of course selling our bitcoin at once seems to be a wrong method in my opinion. However, I think the best method of selling our holdings probably  when we must have reach the status of overaccumulation is by selling some amount which you know is okay for you as an investor, but the amount is not supposed to be more than 30% or in such a way that you won't find it difficult in trying to build back your portfolio that's in my opinion, Instead of selling all our holdings at once. I could imagine how long it will take for an investor to build back his portfolio to it's normal standard, and most of them can decide to give up after they must have Considered the time/ years which they're going to spend in building back the portfolio, because that strong determination which they had when they were still new into bitcoin investment is no longer there.

It is true that selling your Bitcoin holding at once is a very wrong approach and again before you will even decide to start selling your Accumulated Bitcoin you must make sure you have accumulated enough you can't just start accumulating newly and quickly start selling is wrong.
When it comes to the method that should be used when selling your Bitcoin according to JayJuanGee he said that selling 10% for every time that the BTC price doubles is a very conservative approach and I agree with that and I think using this approach will help you maintain your Bitcoin investment and prevent it from running dry, some set of people use some approach that makes them run dry there Bitcoin investment which is very wrong when you have accumulated enough you need to use a method of selling that will help you maintain your investment and selling 10% for every time that the BTC price doubles is perfect.
You can go through this thread to JJG's Bitcoin Investment Ideas (Sustainable Withdrawal / Portfolio Maintenance) also to guide you more.

Some persons, don't intentionally sells off their investment like that,but due to situations they are forced to since they have good fraction of Bitcoin, they sells it off if they want to sell, some persons sell off their investment that they must have accumulated for a long-term period due to health issues because there is nobody to assist them financially for their medications, while some sell off because they are dieing and don't have any trusted person to transfer their inheritance to, and so they sell it off to fulfill their last wish if they have any, or eat up all their money before they die, so that the effort being made buying and accumulating their investment will not be a wasted effort

You are right that investors in Bitcoin do not want to sell their valuable assets so easily and circumstances may force them to sell. As I think there may be reasons for someone to have health problems and a decrease in income stream. The decision to sell long term Bitcoin holdings without any logical reason can be painful for an investor. There may be better ways to divide the Bitcoin savings for heirs than to decide to not sell as distributing Bitcoin fractions among themselves which can make them more profitable in future. They should be recommended to save regularly to maintain a longer-term portfolio. According to most experts, the decision to increase purchases during the few weeks of correction period for Bitcoin wave recovery can provide a special motivation for long term investors.

[I_Anime]

The term "dust" has changed significantly over the years. 1 mbtc, which is 100,000 satoshis, used to be dust and many users thought it won't ever be worth moving that dust.

But I assume there is a shift going on in users' minds when they look at their wallets with leftover satoshis. The way these wallets are maintained or looked at has changed I suppose.

Am gonna spread this knowLedge out to some folks because this is very vital , most folks have the habits of abandoning their little assets in their wallet and they end up losing every access to that same wallet which may cause loss of funds .

The funny thing is that there are folks at that would have make it big in this bull season but because they assume their asset where dust then they up abandoning and losing their access to their wallet , because having a left over of  0.005 BTC when the price of BTC was around the range of $1000 it will worth $5 and some folks would assume it dust  but now at the rate of $100k that would have left the folk with $500.

So no matter the how small the left over may have seen then we should keep the wallet seed phase safe because that leftover may worth something tangible as time goes.

[Derekfunds]

Some persons, don't intentionally sells off their investment like that,but due to situations they are forced to since they have good fraction of Bitcoin, they sells it off if they want to sell, some persons sell off their investment that they must have accumulated for a long-term period due to health issues because there is nobody to assist them financially for their medications, while some sell off because they are dieing and don't have any trusted person to transfer their inheritance to, and so they sell it off to fulfill their last wish if they have any, or eat up all their money before they die, so that the effort being made buying and accumulating their investment will not be a wasted effort

Agree with this because I have been in that situation before. But fortunately, I have emergency fund that I always prepare monthly just in case I have an urgent situation. So I don't sell too many satoshis but just help to cover the emergency funds if that funds can not cover it. It is why you need to allocate some money for emergency fund to cover your health issue or other urgent situation so you don't have to sell your Bitcoin. Until the time to sell is come, you will have your chance to enjoy your profit and prepare the funds for many things.

Many people do not understand the importance of an emergency fund at first, but when they face a real situation and need money, which forces them to sell their holdings at a loss, then they realize the real importance of an emergency fund. An emergency fund should be mandatory to sustain an investment in the long term, because unexpected situations naturally occur in a person's life, no one can ever say that he will never face unexpected situations, so a good emergency fund must be prepared with realistic thinking in mind. With a strong emergency fund, an investor never has to sell his holdings at a loss and he is able to hold his Bitcoin holdings for the long term.

It is not actually like people don't understand the importance of emergency funds they do actually but rather some folks or let me say traders chooses to buy with everything they have so that if there is any market uptrend they will make plenty profit which is wrong mindset because you can not actually tell if Bitcoin will pump immediately after exhausting your money. As an investor, I know one can not actually know or measure the emergency funds that will be good to handle any situation that may comes but at least have and keep if first because it is better than having emergency than not having at all and we all know what they means when challenges come up.

[Aanuoluwatofunmi]

$104,000 as at this morning is exciting, i want to warmly congratulate those that have invested when the market dump to $74,000 and hodl, now they are in profit, same applies to those who had invested at anything below $80,000 or $90,000 respectively, because they also would have realized something by now, while for those who had missed out by selling when the market plummet, i wish they never do so, maybe this could be an avenue for them to learn and develop a more thicker skin as they plan reinvesting again with time.

[michellee]

Some persons, don't intentionally sells off their investment like that,but due to situations they are forced to since they have good fraction of Bitcoin, they sells it off if they want to sell, some persons sell off their investment that they must have accumulated for a long-term period due to health issues because there is nobody to assist them financially for their medications, while some sell off because they are dieing and don't have any trusted person to transfer their inheritance to, and so they sell it off to fulfill their last wish if they have any, or eat up all their money before they die, so that the effort being made buying and accumulating their investment will not be a wasted effort

Agree with this because I have been in that situation before. But fortunately, I have emergency fund that I always prepare monthly just in case I have an urgent situation. So I don't sell too many satoshis but just help to cover the emergency funds if that funds can not cover it. It is why you need to allocate some money for emergency fund to cover your health issue or other urgent situation so you don't have to sell your Bitcoin. Until the time to sell is come, you will have your chance to enjoy your profit and prepare the funds for many things.

Many people do not understand the importance of an emergency fund at first, but when they face a real situation and need money, which forces them to sell their holdings at a loss, then they realize the real importance of an emergency fund. An emergency fund should be mandatory to sustain an investment in the long term, because unexpected situations naturally occur in a person's life, no one can ever say that he will never face unexpected situations, so a good emergency fund must be prepared with realistic thinking in mind. With a strong emergency fund, an investor never has to sell his holdings at a loss and he is able to hold his Bitcoin holdings for the long term.

Besides that, an emergency fund is not just prepare for the first time but it need to add continuously based on the allocation money we did. When you have an urgent situation, you will not feel that it is difficult to use just your emergency fund without selling your investment. So there is no interference between one allocating money with others and you will not have a hard situation because you do the right allocation. Our investment will be safe while we can cover our urgent situation with the emergency fund. If they don't prepare this, they can do that now because it is not too late to recalculate your money and how much money for every allocation.

[Tmoonz]

$104,000 as at this morning is exciting, i want to warmly congratulate those that have invested when the market dump to $74,000 and hodl, now they are in profit, same applies to those who had invested at anything below $80,000 or $90,000 respectively, because they also would have realized something by now, while for those who had missed out by selling when the market plummet, i wish they never do so, maybe this could be an avenue for them to learn and develop a more thicker skin as they plan reinvesting again with time.

Yes it calls for excitement seeing Bitcoin hitting above the $100k ballpark but it is nothing to be overly excited about because it is least expectations of what will happen, for those you talk about that bought when it was 74k, and below 80, $90k I hope that they are still holding and not to be carried away by few dollar profit because it pays more when we allow our portfolio in Bitcoin to regenerate and compounded over time but yeah it is only certain that there are still those that will sell for short term profit especially in time like this but it is a reality that Bitcoin holds is potential in a long term.

[SuperBitMan]

Now Bitcoin is $103k and some set of people will see this price as the best time to sell and make there profit some will even decide to sell all there Bitcoin.
Those who has overaccumulated can sell part of there Bitcoin Because it has doubled but those who are still on the journey of accumulating should continue, this is not the highest price Bitcoin will get to so let's not be quick in selling now because Bitcoin has hit $103k.

Bitcoin is a very good investment I so much love how is growing and I still don't understand why some set of people are afraid or scared to invest in Bitcoin we can clearly see that Bitcoin volatility those not affect bitcoin growth, before this year will end Bitcoin will grow more bigger.

One thing I believe is that the more Bitcoin adoption the more it will rise in price, congratulations to New Hampshire for adopting having a Bitcoin reserve.

[Jostern]

Now Bitcoin is $103k and some set of people will see this price as the best time to sell and make there profit some will even decide to sell all there Bitcoin.
Those who has overaccumulated can sell part of there Bitcoin Because it has doubled but those who are still on the journey of accumulating should continue, this is not the highest price Bitcoin will get to so let's not be quick in selling now because Bitcoin has hit $103k.

Bitcoin is a very good investment I so much love how is growing and I still don't understand why some set of people are afraid or scared to invest in Bitcoin we can clearly see that Bitcoin volatility those not affect bitcoin growth, before this year will end Bitcoin will grow more bigger.

One thing I believe is that the more Bitcoin adoption the more it will rise in price, congratulations to New Hampshire for adopting having a Bitcoin reserve.

The fact that Bitcoin is $103, I feel that is a brainer for people who are struggling to invest, there are some investors who will see it as a great opportunity to sell and make profits: But instead of deciding to sell now, I think it’s a grate opportunity to keep investing and accumulating consistently because we never can tell what the future holds for Bitcoin, The volatile nature of Bitcoin has made it a successful asset to invest and hold for a long term purpose. I don’t think there is any reason to sell now, but instead right now is to continue accumulating until we have over accumulated. Now is definitely an opportunity to keep stashing and accumulating consistently and aggressively.

[Barikui1]

Some persons, don't intentionally sells off their investment like that,but due to situations they are forced to since they have good fraction of Bitcoin, they sells it off if they want to sell, some persons sell off their investment that they must have accumulated for a long-term period due to health issues because there is nobody to assist them financially for their medications, while some sell off because they are dieing and don't have any trusted person to transfer their inheritance to, and so they sell it off to fulfill their last wish if they have any, or eat up all their money before they die, so that the effort being made buying and accumulating their investment will not be a wasted effort

Agree with this because I have been in that situation before. But fortunately, I have emergency fund that I always prepare monthly just in case I have an urgent situation. So I don't sell too many satoshis but just help to cover the emergency funds if that funds can not cover it. It is why you need to allocate some money for emergency fund to cover your health issue or other urgent situation so you don't have to sell your Bitcoin. Until the time to sell is come, you will have your chance to enjoy your profit and prepare the funds for many things.

Many people do not understand the importance of an emergency fund at first, but when they face a real situation and need money, which forces them to sell their holdings at a loss, then they realize the real importance of an emergency fund. An emergency fund should be mandatory to sustain an investment in the long term, because unexpected situations naturally occur in a person's life, no one can ever say that he will never face unexpected situations, so a good emergency fund must be prepared with realistic thinking in mind. With a strong emergency fund, an investor never has to sell his holdings at a loss and he is able to hold his Bitcoin holdings for the long term.

Besides that, an emergency fund is not just prepare for the first time but it need to add continuously based on the allocation money we did. When you have an urgent situation, you will not feel that it is difficult to use just your emergency fund without selling your investment. So there is no interference between one allocating money with others and you will not have a hard situation because you do the right allocation. Our investment will be safe while we can cover our urgent situation with the emergency fund. If they don't prepare this, they can do that now because it is not too late to recalculate your money and how much money for every allocation.

One major thing most Bitcoin investors don't know is that emergency funds should be treated the same way we accumulate Bitcoin consistently because as our stash of Bitcoin is increasing, it's very much important that our emergency funds should also be increasing so that it can withstand any serious emergency situation that may arise in the future, but if your emergency funds is small, if it can't take care of your basic needs for like three months minimum, then just know that your investment is seriously at risk, because their are some emergency situation that are big enough to even swallow your holdings if you have no robust emergency funds aside to handle such, in times like that.
So what am trying to say is that we should try to pay much attention to the size of our emergency funds, because when it's bigger, our Bitcoin holdings is much more secure, and will not be tempered with no matter what life throws at us.

[Solokan]

$104,000 as at this morning is exciting, i want to warmly congratulate those that have invested when the market dump to $74,000 and hodl, now they are in profit, same applies to those who had invested at anything below $80,000 or $90,000 respectively, because they also would have realized something by now, while for those who had missed out by selling when the market plummet, i wish they never do so, maybe this could be an avenue for them to learn and develop a more thicker skin as they plan reinvesting again with time.

of course this is a very happy moment for those who are already strong in holding btc and yes of course those who bought btc at a price below $100k must be happy because now the btc price has gone up high. but what is certain is that it is very unfortunate for those who panic selling btc and experience losses because they sell at a lower price compared to the purchase price. but hopefully for those who lose, they can learn from their experience that selling btc at a low price and losing is a bad step.

but what is certain is that with the increase in the price of btc, it is certainly clear for those who invest long-term is a good thing and of course btc will not disappoint those who hold btc for the long term. yes but what is certain is that even though the current btc price is rising above $100k, in my opinion it is still good to do dca and of course it is stored for the long term. of course the current btc price is still considered cheap when compared to the future btc price.