I was going to act like you did not say that, but I couldn't help my lil selfie.
From my point of view selling at whatever price because you need the money, that is fine, and sure sometimes we might even trim off a few percentages of our stack.
However, selling to buy back cheaper those are rookie moves, whether we have reached over accumulation status or not.
Sure if you have reached over accumulation status, you have more liberty to throw away money, but still there really seems to be no need for that.
I know there are some guys in these here parts who do believe (and practice) selling to buy back cheaper, and there may be a few who end up getting lucky with such a strategy, yet it does not seem like a good mindset... even though last time I checked we live in a free world when it comes to our choices of how to allocate to bitcoin and the extent to which we are buying, selling or HODLing it.
Operating as a contrarian really is a counterintuitive concept when you see the bull market on full display and are trying to go against it, that is to go against the flow as the direction leading oposite is evident. I may not perfect calling every time but I am well aware that it is a dangerous game trying to sell to buy back at a cheaper price. Of course there are lucky people who have that strategy but that is not something I personally believe. When I am selling it is not out of a desire to outwit the market rather, it is because I actually need the money. And sure I might clip a bit off the top occasionally, but I am not out playing short term games with my stack. Even when I am at a stage that I have earned more than enough, the fact still remains that I do not see any need to spend money just because I like it. It would be best that I stick to my guns than run after dips that may never occur. It does not matter to me, people can do whatever they want with their Bitcoin however in my opinion, it would be the more cunning of things to stay quiet and remain on course.
