Yes I totally agree, however, before coming to the holding part, one should do research and find coins that are worth holding, as a lot of coins that I held on the last bullrun are now obsolete.
The recommendations in this thread do not apply to shitcoins.
We are talking about bitcoin in this thread.
In other words, fuck all the shitcoins (and that is every coin except bitcoin including ethereum and various other shitcoins that you might hold in high esteem and believe that they have some kind of value that does not hinge upon bitcoin's performance and security features). You can contemplate your gambling investment strategies in regards to those coins in other threads.
Yes I totally agree, however, before coming to the holding part, one should do research and find coins that are worth holding, as a lot of coins that I held on the last bullrun are now obsolete.
You can just hodl Bitcoin and other stable coins like Ethereum, finding a good new coin to hodl is very difficult and a lot of analysis is needed to make sure that you are not on the losing side, too bad that you lost a lot of your coins because of them being unpopular to the market. I wish that you would win back everything you lost back then.
Fuck ethereum. These recommendations do not apply to such shitcoin. Am I repeating myself?
![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
I was trying to accumalate right after every price drop in past rallies until 2018-2019 ico craze. After craze I lost my overall interest towards cryptocurrencies because I lost huge amount of money but I still bought some portion of bitcoin. And now I still made money, I realized bitcoin is too valuable to leave away. Strong hands always win as we are still in half early phase with Bitcoin. I also suggest people to buy everyother Dip ever happens.
You seem to be juxtaposing a vague concept that you refer to as "cryptocurrencies"...
Focus ur lil selfie...
Focus....
I was trying to accumalate right after every price drop in past rallies until 2018-2019 ico craze. After craze I lost my overall interest towards cryptocurrencies because I lost huge amount of money but I still bought some portion of bitcoin. And now I still made money, I realized bitcoin is too valuable to leave away. Strong hands always win as we are still in half early phase with Bitcoin. I also suggest people to buy everyother Dip ever happens.
I guess you already rich by now if you're accumulating from 2018 to 2019, I believe to those who buy bitcoin when it's low and hold for years they will win big. I tried to bought some bitcoin when correction happened and looking for an opportunity to sell when the price go up.
Nothing wrong with both buying and selling, but with bitcoin you need to keep in mind a few concepts when you are selling any of them. First concept is whether you have reached your accumulation goals, so in that regard, selling bitcoin should serve as a kind of maintenance and insurance strategy, rather than a strategy to accumulate more bitcoin (even though tangentially it can work to accumulate some more bitcoin but it still does not tend to be very good in the category of striving to reach accumulation goals).
Second, which does largely relate to the first, so maybe I am ONLY making one point, here, the amount of bitcoin that you sell should be decently small, and your BTC holdings should already be in profits when you sell. So you sell on the way up, not on the way down, and you sell only a small part that you know for sure is in profits. In my case, I had gone through my own situation and analyzed it quite a bit, but I had decided to sell ONLY in the ballpark of 1% of the value of my holdings for every 10% BTC goes up in value and that is after my BTC had been in considerable profits (something line more than 100% profits), and through the years, I have tweaked that sell percentage and I believe that I am currently selling much less than 1% for every 10% rise in BTC price, and I also use the proceeds to buy back BTC (like you mentioned) so if the BTC price goes shooting up or even if it has periods of correction, my quantity of BTC sold overall does end up being quite less than 1% for every 10% rise, and it is probably less than .5% these days..
I have not calculated out the exact formula recently.. but it is almost as if such formula does not really apply to my current situation since I am in something like 50x or greater profits (maybe even more), so such formula was more of a beginning framework for me when my BTC portfolio was in less profits and my BTC portfolio also involved what I considered to be "over-investing" in the sense that the amount that I had invested had exceeded my target accumulation which was meant to be 10% of my overall investment holdings, so considered to be "over-investing" from my perspective.. In any event, BTC's valuations have gone up so much that my "over-investing" of more than 10% had resulted in BTC price appreciation that caused BTC to be proportioned greater than 90% of the value of all my other investments, which also would suggest considerable amounts of liberty in ability to sell decently sized amounts of BTC without preoccupation about not having enough - which provides lots of liberties - even though after a considerable amount of thoughts regarding the matter (largely in early 2017), I do not subscribe to some of the traditional bullshit theories about forcing yourself to reallocate your investment portfolio on a regular basis to keep your holdings of whatever investment assets proportion to your initial allocation percentages, and so my practice has been more about letting my winner ride (which is bitcoin in this case), which is also an acknowledgement that the other portions of my investments that had previously constituted a bit less than 90% of my overall holdings remain in a state of being that they could continue to support me and my lifestyle even though now those holdings are ONLY worth less than 10% of my overall investments when we include the value of my BTC holdings into the mix.
So, I guess my overall point remains that there could be a variety of ways to consider how to invest into BTC based on which phase you are personally in regarding how much BTC you want to accumulate and then if you had reached your accumulation target how you plan to maintain your BTC in respect to your other investments and surely also there could be liquidation considerations that evolve too and maybe there might not be emphasis in liquidation stages unless there are reasons to consider that your timeline (life of otherwise) might be shrinking to 5 years or less.