Topic: Buy the DIP, and HODL! - page 390. (Read 137404 times)

Reading over and over again, I still don't get your points in full, but from the little I think you trying to say DCA is usually a long term investment and one should be able to abide by the risk of not selling too quick even after seeing the price increase a little. Yes, there must be a separate funds kept aside, called the emergency funds and also have a steady income as to be able to meet one's cost of living. It will be very unwise to live from one's Bitcoin portfolio, it is best to invest from the left over funds after much calculations of expenditures for the household and having set aside that for emergency purposes.

Investing in the DCA approach must be long-term and have the capacity to take risks. A separate fund must be kept for long-term holding as the family needs to be met from external sources of income from that separate schedule. If there is no different funding then Bitcoin will be held off for a long period of time. This holding can be affected to meet the needs of the family. That is why a separate fund is definitely needed to save Bitcoin holdings.

That is wrong thinking, and a lot of folks have been mislead into investing into products with "yield" and all kinds of gambling with their bitcoin because they fail/refuse to see that bitcoin on its own is already designed to pump forever (something that has a limited supply and also a short period of issuance - until 2140), so there is no need to attempt to earn extra yield on it or to be greedy about it.. in order to profit stupendously by merely holding it and accumulating it... and another thing is getting it before others because those who invest into bitcoin first are likely going to have benefits (kind of like Cantillon effect in bitcoin), which surely is not completely fair, but those who know about bitcoin and act upon accumulating earlier rather than later will likely be rewarded more than those who come to bitcoin later.


Sure it is possible to trade bitcoin and to still benefit, but many of us know that if you trade bitcoin you are running a lot of risks, unless you are mostly erroring on the side of mostly holding it, but still you could end up on the wrong side of a trade in terms of the most pristine asset that man has ever known.. so why treat bitcoin like a shitcoin.. and surely trading shitcoins would be less repulsive than trading bitcoin, yet you could get caught on the wrong side of shitcoins too, but at least they are shitcoins so it is not like you can expect them to have long term value like you can with bitcoin.


A lot of trading gurus end up on the wrong side of trades too, so they are all geniuses, until they end up fucking up, and there are quite a few examples of those guys..


I think that it can be o.k. if you limit it to a small amount, such as less than 10%, but the problem with degenerate gamblers is that they cannot limit themselves to 10%, there is a kind of gambling creep and sooner or later they are going to end up fucking up BIG time and it can be quite hard to recover from some of the mistakes when you start to play with large portions of your holdings... plus it does not seem to be a good use of time.. and maybe difficult to sleep and with a  lot of additional stress too... but hey some people consider those kinds of ways of playing with their finances to be exciting...


Investing can be interesting and challenging too.. even though some people consider it to be more boring than trading, but there are still ways to make it exciting and to potentially really get into analyzing various aspects of your investment, especially if you want to invest aggressively, but on the other hand, if you want to invest less aggressively, then you can largely set forth systems to mostly set it and forget it.. and maybe only look at it a few times a year to make sure you are mostly still on schedule.


There are a decent number of people who take a long time to learn and they continually make similar kinds of mistakes, since they just love gambling... but then sometimes you will hear from them and they will say that they are not into that anymore and they have found some other place to continue to make similar kinds of the same mistakes.


I think that you are mixing up the ideas of delayed gratification and greed, and sure there are going to be elements of greed, even when employing delayed gratification, but one of the angles in which greed goes wrong is to take chances that are not warranted merely because there is a focus on making more money in the short term and perhaps assigning too high of probabilities to the success scenarios without accounting for the downside possibilities.

Trading Bitcoin to me doesn't seem like gamble though it's risky but sometimes if you follow the right signals and watch the activities of coins in market cap. closely them you can actually make some profits from it just that the profit wouldn't be that much and people who trade Bitcoins are are only interested in the short term profit rather than being patient and enjoy a long term gain but however, every investor is entitled to how they actually want their investments to go so sometimes they do make profits from trading bitcoins.

Every system of investment is risky and it is important not to invest or trade with emotions as one need to be focused regardless of what the outcome of your investments may turn out to be. Trading Bitcoin isn't that bad if actually one can follow some basic trading ethics and principles then you can actually makes some cool profits from it though buying and holdling is still the best option because you're in control of your bitcoin and for now the main purpose of inventing Bitcoin is to acquire it in our individual portfolio and hold it till it attains it's highest ATH then you can decide what to do with it.

I think greed has nothing to do with us not doing well in our bitcoin investment journey. For me, greed is one of the factors that will make us hold our bitcoin for the long term, and it is also good for us to invest in bitcoin based on our greed level so that we can accumulate a large quantity of bitcoin that can give us the kind of profit we want from our bitcoin investment. But if you are not greedy enough with your bitcoin investment, you can be tempted to sell your bitcoin if you see a little profit from your bitcoin investment. There is a need for us to be greedy with our bitcoin investments if we intend to hold our bitcoin for the long term so that we can get the maximum profit from our bitcoin investment.

you are really right most newbies are being decieved by some influencers from social media or ads, most people testify their wins through ads and social media on how they make alot of cash by just trading a certain amount of money (making trading look like a get rich scheme) some even went further advertising their signals and most signals they advertise ain't free just imagine you buying for something that the losses in it are not negligible.

Like when I was into trading back then, damn I can't imagine what I went through mostly from the hands of shit coins it reach a certain stage that most of my Gmail messages where all about liquidation text gotten from the particular exchange am using. After making alot of loses then I realized damn!! Trading ain't for me.just imagine those hard earns I wasted on trading, I invested it I would have being in greater profit than the one I am in now. One thing I know is that making mistakes aint bad is part of us as Humans but not learning from those mistakes would be bad!!!
The reason why is because he does not have proper knowledge about bitcoin all he know about bitcoin is that he can use bitcoin pumb and dump (price fluctuations to make short term profiting) buy buying the dip and selling when risen with the use of certain leverages. The funny and crazy thing about trading any Damn wrong move may lead to losing all the profit you made in a week just in a day even the funds that are being traded. That why keep saying if you are newbies are you are craving of being a day trader I kindly advise you to just focus on spot trading,  the reason why is preferable if you trade a good coin (bitcoin) and its experience a dip whenever it's increase again beating that previous price you bought your funds would bounce back with it but in a scenario whereby you're future trading whenever it's experience a dip you may get burnt ( liquidated) expecially trading shit coins. To me hodl is still the best, you can put higher percent of your earnings in holding irrespective of your funds and leave some for emergency funds then if you have little to spare you can use it in spot trading.

I have actually met someone that said that holding Bitcoin is like keeping money dormant instead of putting it to profitable use. In his mind, trading Bitcoin is the fastest way to make good money and he was fully committed to getting the skills needed to make a kill off Bitcoin trading as he has seen the lifestyle of successful Bitcoin traders. I latter found out he has been following some self acclaimed successful Bitcoin traders on social media. I have actually seen a lot of them and the make trading appear to be a shortcut to wealth and will never tell you the real truth about it. So I have long discountenanced them and anyone who flaunt wealth claimed to have been made from trading Bitcoin because that is not the path I chose for myself. It may work for them but I'm not ready to gambling with something as important as my hard-earned money.

The reason for bringing this here is because there are a lot of new members I noticed that have join this discussion, so it is better they understand our general preference in this topic which is long term HODL of Bitcoin, how to start and sustain it. It has abundantly been clarified that the basic steps is ensuring that dependable source of income is established before thinking long term investment in Bitcoin because without it, HODLing Bitcoin will not work. When the source of funds have been established, then the money should generally be divided into three parts which are for basic needs, for emergency needs and then the part for investment. Each of this should be carefully calculated to be able to get them right from the beginning and when that is done, the journey of Bitcoin investment will become smooth and effortless without the panic and anxiety that many investors exhibit.

I have seen JJG mention 4-10years or longer than that in few of his comments, I think that is a long term investment even in conventional assets. Although some of us are HODLing way beyond that because Bitcoin is part of what I will pass on to the next generation. While the time range is just a suggestion, it is up to you to decide how long to HODL before you consider beginning to get some of the funds out probably when you are retired from active service because it is expected that during your accumulation phase you are still actively engaged in activities that earn you the money to invest in Bitcoin, use for your needs and keep some for emergencies.

I thought that I mostly already sufficiently explained what I meant, but let me see if I can give it another try.

Ultimately you are in charge of whatever you believe are your parameters for investing or to make your goals.

I think that my main negative reaction to Fuso.hp was the way he was specifically saying that a long term investor needed to have some kind of a specific timeline and maybe some other specific investment parameters at the time that he invests, and it largely sounded too strict to me, even if Fuso.hp might not be completely wrong.

Frequently it is proclaimed that we might be able to predict price or time but we cannot predict both, even though we might create various objectives in terms of timeline and we might even create certain objectives in terms of time, and maybe they might end up crossing over, but there are also circumstances in which we may need to have some flexibility too.

Let's say, that you start to invest into bitcoin, and you also have a real job, and you know that you are going to be quitting that job in 5 years and you are going to take whatever you have in terms of the job and also in terms of what bitcoin that you have at that time and you are going to start to live off of it and you have a specific location that you plan to move and you also have some planned activities and/or work and/or hobbies... and your Plan A will be followed  as long as the total is above $1 million (combination of bitcoin and fiat), but if the amount is less than $1 million but it is at least $700k, then you are going to do plan B, which still involves quitting your job, but you have a another job that you will do in order to make up the difference so that you can follow plan A once you reach $1 million.  You also might have a plan C that you would follow if the amount is less than $700k but more than $400k.

I don't see any problem with setting those kind of conditions on yourself, as long as you are being realistic about what is reachable and you have various kinds of plans for various contingencies.  I just have problems when there are suggestions that you have to have specific plans at the time that you enter into your investment because some of the plans might develop as you go.

For example, you might say that you are going to invest and every year you are going to reassess, and you are anticipating making big changes in your plans after investing year 4, 8 and 12, and you are expecting to reach  fuck you status by 20 to 30 years, but you are not exactly sure about what that is going to look like, but your plans to continue to assess every year and that you are likely to make big adjustments every 4 years could be tentative plans that end up working out or you mght make adjustments along the way based on how things are developing, so you cannot really nail down any specifcs from the start because at the very beginning you have hardly any clue about how it is going to go.

Maybe you start investing only in bitcoin at 10% of your income, but you know that would take you 10 years to get one year's salary expenses, so you have plans to increase your percentage and also to increase your income and to cut your expenses, but at the same time, you consider that you have to improve your skills and maybe even go to college in order to increase your income possibilities, and  a lot of this takes time and you cannot necessarily know how it is all going to play out right from the start even though BTC could be a part of your plan (and maybe even an anticipated central part of your plan).


You can come from whatever perspective that you like, and it is possible that you come for the number go up, but you stay for the revolution, or it could be that you come for the revolution and you stay for the number go up or it could be some variations of learning along the way and even changing the reasons that you are staying or perhaps choosing to leave.  People who study bitcoin enough are not going to be too likely to leave, unless they are retarded or get distracted into shitcoins (but then they might end up coming back anyhow).
 

Yes, people make those kinds of mistakes, and it seems to me that if you are really early in your bitcoin investment journey then you might be way better off just buying regularly, ongoingly and persistently and trying to front-load into your BTC investment, and if you front load into your BTC investment, then you are likely going to be more informed how to come to balances in regards to how to allocate new money that you have coming in... yet almost no matter what you would likely have to go through a practice of ongoingly accumulating and tailoring to your own situation, and sure you may well end up making mistakes along the way and not being comfortable with your choices, but if you are ongoingly attempting to learn, you are going to have better chances to reach some kind of a balance that you consider to be good for you even if some others might conclude that you have not reached a good balance..

so the most important is that you are comfortable with your own way of balancing how much to put where, when to do your injections into BTC or other assets, how to manage your emergency fund, float and reserves... whether you might spend time trying to increase your employability to make more money or maybe it would be better to focus on cutting some of your expenses or making yourself more productive in terms of how you are spending your time.. which can also include taking breaks from time to time, too.. or even spending some money to relax, even if you might find that it would be better to put that extra money into bitcoin.. not easy choices... but no one can really tell you how to strike those balances and if your allocations are sufficiently aggressive without being too aggressive and whether there might be advantages to saving some for buying on dips or to hold less cash and buy more right now,..

One thing that I have observed about these newbies that join the bitcoin community because of trading is that they were misguided and misled d by the so called influncers and exchanges. The reason why I said so is that any app that you downlaod that has an ad, an exchange app ad will be part of it, where the person will make trading look very easy by saying that you can turn $100 to $1000 within a day when you are trading with their exchange. Some people who have not heard about bitcoin, hearing it first will be about trading bitcoin. So everything is just a wrong introduction from the source that they heard it from.

In 2019,when I decided to know more about bitcoin through research, I saw a post on a social media platform how trading has helped the person double his money, but I am not good at anything trading, so I said to myself that if bitcoin is all about trading, then I don't think that I will be able to go into bitcoin. Not until I came to this forum and discovered that trading is a waste of time and with no guarantee that you will make profit due to the fluctuations in bitcoin price. I was happy when I first learned that to make profit and lower the risk in bitcoin is when you hodli for long and at the same time always keep growing your portfolio gradually.

I feel for those newbies that got into bitcoin to trade, because they have been decieved that bitcoin is a get rich quick scheme, and when they eventually jump into trading, they learn a hard lesson. This is why anyone that I am introducing Bitcoin to if I must, I only tell them about investing in a long term and to keep on buying regular with their savings, or the money that they would not need for a long period of time. I don't mention anything like trading so that I don't get blamed tomorrow. Those newbies that have been decieved that trading gives quick profit because they are advertising their exchange, it is better that you do your own research properly before jumping into trading. It is your funds, and not their funds, and when you use it to trade, you will be the one to face your losses and not them. So invest wisely and hodli for long using DCA strategy to increase and grow your bitcoin portfolio bit by bit. 7

So then what is our approach as long term investors if we don't have any time frame in our mind for how long we would be holding or investing in bitcoin before we sell or start withdrawing, if we don't necessarily need to have a specific exit time, then what should we consider as our aim for holding, cause I do know that most persons approach investing in bitcoin with a profit making mindset and for a while in this thread I've been on the fact that long term holders(with our old definition as persons accumulate Bitcoin for a longer time frame) do have bigger benefits than short term holders for the many reasons we have also established.
If time frame or having a specific time I would stay as an investor or holder isn't what determines a long term holder what does?


This is true, a majority of persons approach bitcoin for the get rich part, which has become more famous over the years because of the endless testimonies of people, a majority is still yet to be educated about any other empowerment bitcoin offers, and I think this is also based on usability and adaptation, most people still buy bitcoin for the sake of profit even if on the long term, this seems to be the case for me too and that's why I became a little confused and asked what should be our approach to bitcoin as long term holders.

So I think from this, it's not really bad to sell a little bitcoin with the aim of getting more bitcoin, but this could also backfire at you if the price goes higher and then you've sold your bitcoin holdings and you would have to now buy at a higher rate.

Please note that regardless of the decline that occurs it does not make your portopolio decrease in this case so there is really no need to worry too much when a decline occurs because your portopolio remains the same only the value of the fiat that we have has depreciated but when talking about the amount everything remains the same
As for the issue of selling things like this are actually quite sensitive because after all when we are not really serious about carrying out the plan well we will actually have problems with our thinking because the desire to sell is very high so when discussing this you need to focus on your original goal because after all this can be an amplifier for yourself in the end.

People with misunderstanding, these are different things altogether, the difference is like indulging in an activity that does not guarantee a 100% assurance of making money through it, though I see people that trade as though they are into it to make fast money, to me there is no short cut in bitcoin investment profit, most times when you think that you want to outsmart the market, you will end up being outshined by what ever tricks you use, bitcoin investment is meant for people with the spirit of perseverance and patience that's why hodling was introduced, why bitcoin has not collapse is because of the holding system, the premature sellers were bridged with this process, the future and continues existence of bitcoin depends on the hodlers that's why hodling will never go into extinction, people with long term holding mindset always smile whenever the time is ripped.

That is why we are not talking about trading and only focusing on investment and some strategies about DCA in this thread because we know that when thinking too long and expecting the price to drop further it will destroy your own conditions in purchasing and it changes the plan that you want to do from the beginning so with this when we already have a plan for the long term and have some purchasing strategies then indirectly we become less concerned about the price increase or decrease that is happening now because the goal we want to achieve is a longer term for the next few years.

Choosing a long-term investment is a choice not a misfortune so we have to choose correctly what we want to invest in and of course bitcoin is the right place for that. we have to distinguish bitcoin from others in this case especially when talking about the whole crypto then I think it will not be too relevant to the previous discussion because the initial focus remains on bitcoin not for others.

There seems to be clarity in your explanation as I don't even know what some users takes this thread for, some kind of shitcoins and altcoins thread? If anyone wishes to discuss about alternate cryptocurrency I believe the session is their to make or create threads as regards cryptocurrency but here we specializes and lay more emphasis about buying and holdling of Bitcoin for a long term just like you've clarified that monitoring ones investments would rather lead to tampering with ones coin that is being hodl because sometimes as a result of unstable prices of Bitcoin as it may rise or dip and in a case of dipping an investor that's always monitoring it's activities in the market might choose to liquidate the amount he is hodling already and would not be able to further DCA and more likely to sell off the coins and expect a dip to come in other to buy again and if the price keeps increasing then he might find it difficult to buy thereby buying and holdling bitcoin can be defeated and at the end of the day no bitcoin would be in your portfolio and it would be very unwise if a bitcoin investor doesn't have or acquire more Bitcoins before the halving because it's almost near as we have about 80 days to halving before the bull run begins.

those that prefer trading to long time holding mostly those that are trading shit coin, lolzz I just got to laugh for you to choose trading to long time holding you know that your skill in trading is pro. But still trading to me is not encouraging at all while most people dive into it is because they have generated this mindset that trading would make them more richer over night. And those kind of people mostly trade Like they are gambling using uncontrollable leverages in order to gain more profit but at the end up with greater losses.

I'm not actually downgrading trading or anything trading is actually profitable mostly for those with good skills and knowledge about it . But nothing like hodl. Expecially holding the right coin (bitcoin) you be stress free all you got to is to keep on accumulating more with the use of DCA strategies. And just always have the mindset that is gonna be a long term investment...

actually of a truth each investors is entitled to there investment decisions but however that doesn't mean that trading is the best option for them because is actually not advisable, however I still wonder why most people always prefer trading instead of long time holding, perhaps it could be there perception on trading because I no of someone that just venture into Bitcoin only because he has the orientation that he could make a lot of money through Bitcoin trading so he was propelled to venture into it thinking that it will works the way he imagine it to be and now he has lost half of his money chasing Bitcoin price movement, so perhaps if most investors especially the new ones on Bitcoin investment will be able to remove the spirit of greed and focus only on the future of Bitcoin there is every possibility that they will surely do well on there investment journey.

I agree with you on this. Most people make the mistake of investing in bitcoin when they do not have any source of steady income. They get to use all the money they have saved for a while or money gifted to them to invest in bitcoin, which is not the right thing to do. At all times, an investor should have savings or an emergency fund where he can run in case any live events occur in the future and he won't be caught off guard. Another mistake beginners make is that, after investing in bitcoin, they expect to live off the profit from their bitcoin investment. They have the conclusionn that bitcoin is a way of elimniating poverty immediately. While there is no certainty that bitcoin will give a huge profit immediately, they can only be successful if they are willing to hold their investment for a long time. I believe putting all our hope in bitcoin is a bad idea.Once we have started our investment, it is also good to diversify our income streams and not rely on our investment for our livelihood. It will surely hinder our investment unless a huge amount of money comes along to buy back the profits that have been taken. However, taking money from our investments is a horrible idea; it shows that the investor lacks self-control.

You sound mixed up regarding what is "long term investing," and you may well not have any kind of specific timeline for when to get out exactly, even though you might have some ideas in regards to when you might start to need the money, whether that is 4-10 years or further into the future.

Sure having some specific goals into the longer term, such as 5 years or wanting to reach a certain amount, could have some relationships to long term or maybe overlap with the idea of long term or difficult to achieve goals that may or may not be reached... so some of the ways that you are framing long term could also fit within the category of long term thinking about investing.. . but you do not have to have any of those kinds of specifics...

You could have long term plans and intentions to stay with your investment 4-10 years or longer, while also recognizing that you have discretion to change your mind at any time or that you might want to make sure that you always have some ways of exiting the investment, even if you are not planning to exit, but you want to make sure that you can exit if you feel that you need to (or change your mind and want to). 

Of course, you are less likely to be successful in your investment if you end up pulling out early.. so there is a lot of power in making sure that you can stay in.. but surely you also have complete autonomy over your own life and your investments, even if you end up screwing it up.. .. and there even could be some rare scenarios that getting out ended up being the right thing to do.


There could be scenarios that someone heavily DCAs on a weekly basis for the first 2-4 years invested into bitcoin, and then the next 2 years DCA's less frequently (maybe every 2-4 weeks) and buys on dips.. and then maybe the next 2 years DCAs about once a quarter and continues to buy on dips.. and then maybe the next 2 years only DCAs about once or twice a year and buys on dips and maybe thereafter ONLY buys on dips  and rarely DCAs.  So after about 10 years, he has coins that have various levels of cost basis and surely his earliest coins have compounded in value the most and some of his later coins might or might not be profitable... and if they are profitable may still be less than 100% in profits... so maybe if the guy might consider changing his strategy into something in which he might start to sell some coins or sell on the rips and buy on the dips or even just set up a budget in which he is cashing out a bit every month, perhaps less than 4% per year of his stash, but he may reach higher levels of stages of his BTC investment in which he ends up moving more and more away from regular buying and perhaps starts to include various forms of selling that may or may not involve attempts to strategize sells around the price.. and optional whether he buys any back or not... but he has more and more options the longer he is in and the longer that some of his earlier purchased coins come into higher levels of profits, which is also not guaranteed to happen, but if we invest in such a way that we are not worried about the money, we will find out the extent to which our options might have ended up increasing in regards to how long we had been accumulating BTC and in various ways over the years.


Your first paragraph is especially a good framing Wind_FURY. 

In that regard, bitcoin provides us with a lot of various kinds of empowerment that is not merely about getting rich - even though getting rich seems to have had historically been an additional benefit that people have been receiving by building their BTC stash and mostly HODLing their BTC stash through many years.

Some people only come for the get-rich part of bitcoin and they are focused on the getting rich part and not even giving any shits about the empowering part, and surely some of these people will evolve in their thinking and understanding of bitcoin, but some of them will never get over the mere monetary focus, which I suppose in several senses if still valid, even though it is incomplete and somewhat superficial way of thinking about and understanding bitcoin... ..

even though as long as we keep building and holding our BTC, we can have very good chances of being able to end up doing both, too.. whether our original intentions had been exclusively on one or another, it still seems that both will continue to play out in the coming years.. and there are some who even say that it is inevitably based on math, even though many of us realize that it is not inevitable, yet bitcoin is a pretty amazingly designed system.. that is likely to persist and even to go up in value, which surely makes it more beneficial to any individuals to be sure to employ consistent, persistent, ongoing and perhaps even aggressive (without over doing it) accumulation strategies.


Fuck shitcoins.

You do not look at the tail to figure out what the dog is going to do.. you look at the dog to figure out what the tail is going to do.

In other words the dog wags the tail, not the other way around.

In other words, shitcoins are almost completely irrelevant to long term BTC investing ideas, even though they might have affects on short term BTC price moves in terms of creating drama or other various affinity scams that they are involved in on a regular basis... Keep your eye on the prize and be careful in terms of how much you are allowing nonsense to distract you.


Be careful in terms of trying to employ various sustained withdrawal strategies too early, since it is not intended to be a trading strategy... also it likely is good to be in bitcoin for at least a cycle and a half for your earliest of coins to likely start to compound the most in value.. so there is value in terms of getting compounding effects in your BTC holdings prior to starting to withdraw coins... but if you believe that you have reached your own level of fuck you status, then maybe in the west that would be $2  million in value and $6,666 in value of withdrawal per month or maybe in some other place, you could feel good with 1/10th that amount which is $200k and that would be $666 per month.. which does not seem like entry level fuck you status to me, but surely I understand that it could be entry-level fuck you status for some folks...and if you were to employ conservative levels of withdrawal, it is likely that your withdrawal amounts (in terms of their dollar value - (especially their 200-week moving average value) would most likely continue to go up.

So for example right around a 6.6 BTC amount of BTC holdings would currently give you right around $200k in value in terms of the spot price, and at a 4% withdrawal rate which would likely end up allowing the BTC value to continue to grow faster than your withdrawal rate, you would be authorized to withdraw 0.022BTC per month and as you withdraw the withdraw amount will slowly go down but it still could be sustainable (and even growable) for many folks to withdraw at that 4% per year rate.   https://bitcoindata.science/withdrawal-strategy  ... 

The punchline still is going to be to be careful to not start to withdraw before you really have built up your bitcoin level to a stash that you are comfortable, because if you do start to withdraw, then you should mostly be presuming that your BTC holdings are going to continue to shrink in size, even if you might have some opportunities to buy back BTC with some of the proceeds that you had received in your selling BTC and the tool will even suggest to sell several months in advance at various stages when the BTC price is at various levels of percentages higher than the 200-week moving average, so for example if the BTC price is 14x higher than the 200-week moving average, the tool authorizes (and even suggests) that you might consider selling up to 59 months of your monthly authorized budget in advance, but for example, we would still need to use some common sense because if you had already sold 23 months in advance when the 59 months in advance prices were to be triggered, then you would ONLY have a remaining 36 months (59-23) in advance that you would be able to sell, yet I still would not consider the tool to be trading tool even though many of us likely realize that if we were to sell 59 months in advance, there may well both be difficulties in spending that amount of money in 59 months, but also we likely are going to realize that the BTC price does not likely stay at those kinds of high levels for long periods of time, so it is quite likely that within the next couple of years there would be opportunties to use some of the advance months to buy back some months and to be able to use the tool with higher balances that result from buying back months. and then you would also be able to continue to cash out within the guidelines of the sustainable withdrawal system once the months are bought back and reviving your ability to use the system... so maybe a lot of this sounds complicated because the tool provides guidance, but you still have to keep track of your own actions and the level that you had used the withdrawal amounts or that you had bought back some of the months or maybe buying back all of the months that were still remaining for you to budget yourself. 

And maybe my main point, along with the theme of this thread is to make sure that you have accumulated enough BTC before you start fucking around with trying to trade.. and it surely would become more likely to become more apparent how to treat your BTC stash and holdings once it starts to get to a size that you could start to employ some kind of sustainable withdrawal, an the sustainable withdrawal tool is to help to give guidances regarding how to not overdo your level of withdraw, and if you error on the side of being someone conservative when you start to use the tool but also conservative in your settings of how much that you permit yourself to withdraw, it may well end up being the case that the value in the holdings will continue to grow while you are withdrawing and you would be able to withdraw at more aggressive rates later down the road. and maybe still staying within parameters to keep the portfolio sustainable perhaps even in perpetual ways, in part depending on if the BTC price continues to cooperate with historical assumptions or there may need to be some adjustments to the assumptions if BTC price dynamics change in the coming years.


These are decent points about any decisions to sell when a person is wanting to get more BTC should be considered in light that the price might not ever drop back down, so usually the sell amounts would be relatively small, especially if a person is in BTC accumulation stages, and any one still accumulating is going to end up feeling quite uncomfortable if he sells some BTC but the price keeps going up and then he is accumulating a lot of cash and feeling a need to buy, so he ends up buying way higher than his earlier sell price.


We are not talking about crypto here, since we don't give any shits about shitcoins.

By the way, you did not use the word bitcoin in any place in your post, which may signal that you are actually lost and you posted in the wrong thread.

Now if you mistakenly used the word crypto when you meant to say bitcoin, then that might be understandable, but I don't see why anyone would want to use the word crypto instead of just using the word bitcoin unless: 1) he either does not know what bitcoin is 2) he just wanted to sound smarter to make it seem as if the same principles that apply to bitcoin applies to shitcoins too.. which surely is not true or 3) he is being disingenuine and purposefully trying to distract or mistlead the conversation (which I am not going to presume those kinds of bad intentions without further evidence). 

If you had not realized, you cannot apply the same principles to shitcoins as you would for bitcoin, since bitcoin is something that has value and the overwhelming majority (if not all) shitcoins are either affinity scams or something close to that in which they are just coat tailing off of bitcoin's security, and sure no problem that they exist and that they are being used to mislead and scam people.  That is the way the world works, correct?    Yet, we should at least recognize and appreciate that shitcoins (crypto), is not the same as bitcoin since their performance is nearly completely dependent upon bitcoin's performance.

If you have intention of holding bitcoin for a long time, you don't have any business watching the market. Your major aim will be to buy whenever you have money irrespective of the price of bitcoin. You wouldn't have to wait for a dip because there is no level that is established as dip, so you will keep waiting till you miss out. Just adopt one of the investment method and use it to buy bitcoin. When you keep waiting there every tendencies that you will divert the money to something else. If you are wealthy enough do a lump sum buy. If you are a low or medium income earner use the DCA and buy. The moment you have bought the bitcoin you are sure that you have used the money for what it was intended.

Also about pumping multiple times in the future is a mare speculation and nobody is certain about anything. So when you invest in bitcoin don't just have the singular mindset that it will pump and give you multiple profit. Also put in mind that things might not go the way you imagined. This will help you not to be affected in anyway if things go the opposite side.