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Its a nice feeling getting there a bit earlier, I have a pretty good plan from now until end of the year. Will re-asses again closer to Dec as I plan out next year. The over accumulation though gives me some buffer, the one decision I need to make though is whether i transition to maintenance or keep accumulating. I haven't quite got there yet, but I am thinking about it.
Likely it would be somewhat safer to consider these phases in terms of some kind of a spectrum, so surely when you are in your earliest stages of BTC accumulation you would likely be strict and aggressive so long as you have other aspects of your cash management in a relatively strong status. So within the transition to maintenance you become less and less intense in regards to how you accumulate, and maybe at some point you are ONLY accumulating on dips rather than accumulating all of the time (such as every week).
Surely the lines are not exactly clear, and so you might start to think of yourself as
still accumulating but more opportunistically, and maybe you are still spending a decent amount of your income on accumulating bitcoin, but you are feeling a bit less rushed about it.
That is really nicely put JJG, thats probably where I will end up at.
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I sometimes still have some problems with shaving some off, since I will become tempted to do spend and replace with my sales, even if maybe I might not replace as quickly as I used to do historical, but instead I will just put the replacement amount as some kind of a dip price (adding the amounts to my buy on the way down kind of BTC buy
orders).
Its really hard to imagine shaving anything off my stack which is very strange considering I will reduce stocks if i'm over exposed but I do think that I probably wont sell and buy back in the near term. I'm still trying to get my head around selling some, I haven't sold one satoshi since starting this, feels like bad omen when I finally do though.
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Gresham's law would suggest to spend from other sources prior to starting to draw from your bitcoin and also the more than your bitcoin sits without you drawing from it, then it should be in a position to tolerate higher and higher levels of withdrawal whether you make such withdrawals in a price based approach or in a time-based approach.
I'm setup like this, I almost imagine its like trench warfare and the artillery at the back is my BTC. Then all the trenches like front line, reserve line, medics camps etc are all the things I will have to go through to even get near the artillery!
There is a point though that I will start withdrawing from, for now its more time based but who knows what will happen in the future. I would really like to go through one more full cycle before starting any withdrawals but lets see what happens.
@Greyhats: Immediately stop your BTC accumulations!!!!!, and don't go into an overaccumulation status.. it is not worth it.. Ask Phil.. He knows everything (or almost everything.. that's why you probably already have more BTC than him..., which should be the opposite. hahahahahahaha).
Oh noooooesssss what will i do!
I had been thinking that I should have had said that "this is investment advice" even though it started with Phil.. I was the one repeating it.. so I should take some credit.. I know that some times guys get mad at me when I fail/refuse to put the lol in there or the Jk.. .. so each of us has to figure out how are we going to balance our investment portfolios or our bitcoin allocations based on all the available information, whether correct or incorrect and we also have to figure out the "seriously?" part.
Poor Phillip ya give him a lot of crap hah, but ya know around the time he was saying buy bonds I was like eh no I'm buying BTC. For now and hopefully forever that was the right decision!