Was 1386 a good year for one of your relatives, too?  Or perhaps a tree or mushroom that is still living that you currently have relations?

 

You were not able to buy below $8,500 and above $3,120 between about late 2018 and about May 2019?

Or did you feel that you were already too much invested in BTC?

I appreciate almost everyone here nearly equally, and unless I am having a BAD hair day, I ONLY look down upon bitcoin naysayers, altcoin pumpers, shills and trolls.    I even grant several opportunities to no coiners and fence sitters to redeem their selfies (especially if they are newbies)..... until they show themselves to be suspected of being of one or more of the other (look down upon) categories.

If you are not in one of those (look down upon) categories, or suspected of such, then you should have nuttin to fear (but fear itself).. and accordingly much better chances of me looking upwardly or sideways towards uie.  

By the way, how's your purported "leading indicator" litecoin and ur butt buddy charlie lee doing in recent times, in order to make indirect maneuvers at attempting to increase your BTC stash?  Not so great, koreckt?  

That focus on shit, here in these here parts, could be punishment from dee gods of karma because you had been pumping litecoin (tail) purportedly leading dee dog (bitcoin) theories in this here thread in recent times.  AmInotrite?  

Dee gods of decorum and good interweb fewings gonna punish uie and udder wannabe shitcoin pumpers who bring their baggages to this thread and try to assert (or imply) that their nonsensical baggage is "related to bitcoin," and hardly got nuttin to do with this here boi.    

Hahahaha... yeah, thanks, I saw that.

In the past several months I had been considering whether I should start leaving trust ratings.. and it just continues to seem like a BIG ass quagmire... Maybe some day, I might go down that path, but I just seem to keep sufficiently busy enough trolling the WO and bitching about orange coin go up and myselfie becoming too much richie.     

I am thinking that quite a bit has changed in bitcoinlandia (which would include this thread) in the past 7 months.  Early in 2019, we were kind of in the doldrums, and even a bit pessimistic about price, including yours truly.

Actually the drop from $6k to $3k had gotten me to conclude that our bear market status had been confirmed, which surely was not a good place to be.

Of course, in late March we had another revisiting of upper $3ks and even meandering and staying in the lower $4ks for several days, and in late March even JSHAW asserted that we were not going to see sub $3,900 ever again, and surely a lot of us, including yours truly, concluded that he was way the fuck too optimistic, and the odds were quite heavily against his assertion.... and what the fuck, he ended up being correct (so far, and seeming forever, absent some kind of real detrimental BTC circumstances to drag us back down there).  

So, yeah, even though April 1 broke above $4.2k, it took several weeks of staying in the upper $4ks and even the mid-May leg above $6k to really confirm that we were likely out of the bear market and even perhaps into a bull market.  We seem to have been in such bull market, ever since.. sure with a bit of a BTC price correction, but shit, what do you expect?   3.5x price appreciation in less than 3 months...  Sheeiiit.. as some folks might say.

So, same ole, same ole, does not seem to be the correct characterization of current status when a decent number of us, likely including yours truly, seem to be progressing towards a kind of inevitable richie status... timeline for such unclear, but jeeeezzz, seem like we remain on such richie path.. and not talking about RichieT, neither.

You ended up being correct that the upwardly pointed high beams did seem to point our then way.

You sure that you are not stealing that image from somewhere else? 

Or are you Arthur Hayes?

https://twitter.com/CryptoHayes/status/1168819268625944576

https://twitter.com/Eljaboom/status/1168872419530072064

I'm not bored.

I don't know if I really feel comfortable taking a lot of credit for the situation - because before bitcoin, I was already heading for a kind of comfort level and even early retirement based on what I had already built - but at the same time, I was understanding that when I was going to go into that kind of early retirement, I was going to continue to have to act frugally in order to really be able to maintain financial cushions and just to maintain my standard of living while knowing that many people go into retirement on a kind of fixed income that ends up NOT really keeping up with inflation.   

I also had a retirement fund (a kind of 401k) that I had considered to be pretty damned decent as a reserve, but in late 2013, I was going to have to find other investment vehicles  because I was no longer going to be contributing to that particular fund, so it would just sit there in a tax free status and also to hopefully grow somewhat in value based on various investment options that I had with those funds.  So, in late 2013, I started investing in bitcoin as a kind of way to possibly supplement my 401k, as a kind of option that was not absolutely necessary for my survival, but I had a kind of preference that if my BTC investment could at least average around 5-6% per year, over several years, then at least the bitcoin investment would be performing on a very similar level as the historical performance of the 401k.   We saw what happened in 2014 and 2015 and during that time, my investment into bitcoin was mostly negative during that time, yet by early 2016, I was feeling a kind of close to breaking even level of BTC performance, and surely by late 2016, I was definitely feeling that my investment in BTC was averaging greater than 6% per year, and it was outperforming my 401k.  By early 2017, matters got even better, and only a few years of BTC investment was actually getting close to reaching parity with my 15 or so years of 401k investment, and geez with a bit more passage of time, I was seeing BTC to become equal in value to all of m investments combined (and had surpassed the value of my 401k)...   

So, I think in part what I am saying that my BTC investment seemed to have largely been a product of my having had already accumulated a decent amount of capital before I had invested into BTC, so when the opportunity came along, I was not desperate at all and I just put a decent amount of that available capital into BTC.   When I was younger I would not have had that kind of capital available, so I have some difficulties really speculating about what my younger self would have done.. and maybe I would have ended up playing the matter in a quite less prosperous way?  If I were to have had the option as a younger me?



Actually, it seems to me that having the option to work or not has a decent amount of empowerment.  But then there comes a certain point in time in which a guy might choose to hardly work at all because it is not worth it.... Part of the matter depends on if a guy has some other ways to consider self-fulfilling ways to spend time, that might become way more tempting than either the obligations of work or the feeling of the status that provides.  On the other hand, surely there can be certain kinds of work that really don't seem like work, even though they do end up bringing in money and there can be decent satisfaction of knowing that you don't really need that money, but you are not inclined to deny the income - and may even decide on dedicating some of the extra funds to philanthrope or something like that just for shits and giggles.



Yeah.. I am not really sure.  There are likely some younger people who can handle that filthy rich status quite well.  I would not have minded having the opportunity, but I had always kind of structured my life activities in a way that I was NOT really pursuing getting rich quick or anything like that (even though I knew a lot of people who were constantly pursuing such, and that did not really seem to be my inclination).  I tended to take conservative and slow investment approaches, but I suppose if I had gotten such opportunity to get rich quicker or even if I had something like bitcoin that had allowed incremental and self-directed investing, I might have gotten into something like that and ended up taking a quite different path in life.

I have never been a blow all my money kind of a guy, and I am thinking that I would have still been able to figure out something that would have merely caused me to get rich quicker (than I had been with my traditional investments) had bitcoin been available to me during my youth... but who knows for sure?   maybe I would have turned into a blow all my money kind of guy like you suggested to be the tendency of younger peeps?

That's a fair assessment of something that is happening and likely to continue to happen in terms of the penny stocks (aka alt coins, aka shitcoins).  But, even with that theory, there may need to be a break out of one or two of the coins, merely to keep hope alive and to show that upwards escape is possible.

I am not going to invest in that crap, yet I can understand that whole potential for suckers in the altcoin space, even those not holding coins and wanting to get in to get rich quick remains   so damned BIG that there are a lot of suckers out there who might end up buying into that crap, and I am even hearing it marketed from time to time, even though we know that a lot of the various projects continue to play on the 2017 history.. and the possibility that such a season could repeat.

Even though I could see such outrageous exuberance happening in 2017, I did not buy into it because I was happy with my mediocre BTC performance whether we were 10x at $2,500 or 30x at $7,500 or even our ultimate 78x at $19,666.   There were some other coins that were performing better depending on how they were measured, and I did not give any shits about that, but during that process, there were a decent amount of folks bailing out of BTC (at least in part) and a large number either not holding any BTC or maybe only holding 10% in BTC.... but part of the problem may have been with that ongoing retail exuberance was that many of the snot-nosed 14 year olds might have only had access to a few thousand dollars as their initial capital, so they ended up becoming inclined to put everything into shitcoins.. and then maybe even attempting to ride them out for way too long, which ultimately even caused them to lose their initial investment, but they have likely continued to invest on the way down in a kind of martingale effort that has decent chances of paying off with something like bitcoin, but not so much with the shit coins that have decent chances to continue to go down and/or any temporary rebound of the shitcoin(s) continues to not be enough to get many of those folks anywhere near to above water in terms of their average investment costs.

Hahahahaha

podyx seems to blow with the wind.



Well, you must be a tad bit more brave of a fellow than myself.    

My mesmerization remains a bit scared, here.

That's all fine and dandy.  Yet, in this thread, we do not tend to care too much about making overall crypto market trends and assertions because those kinds of analysis tend to be too vague and are not really thread specific.. which we talk about king daddy bitcoin here.

Another thing that seems to be taking place, on the longer trend is an ongoing purging of the froth in the altcoin (shitcoin) market, so yeah, maybe some of those shitcoins will start to perform, but I believe that a lot of members here, apart from the trolls and shills kind of have a preference to see shitcoins getting purged more and more and more, so perhaps the overall growth of the "crypto" market is an indicator that is important to consider, but I doubt that it is as important as figuring how king daddy is doing relative to the other crap..

Also, I have held a kind of tentative theory that alt coins are going to get another pump, along with bitcoin, but the performance of altcoins in the past year or so, and maybe even moreso in the past 4 months has been lending more credence to a possible outcome in which even fewer of them pump (or have any kind of season), so that might even be a better scenario in terms of bringing the importance of bitcoin more to the front - since a lot of the altcoins tend to believe their path to pumpening success is to mislead folks into believing that either there is something wrong with bitcoin or that they are serving some kind of comparable role to king daddy.... which over the years, several of us, here in these parts, have found to be negative general altcoin attributes...

It might be o.k. 

I have been relatively frugal all of my life, even while my standard of living did increase, so there might be some difficulties to adapt - as compared with either growing up rich or even becoming rich in your 20s, then you might be able to really adapt by the time you are in your 40s.  In my case, I am older than that.  I already had more than 30 years of investing and becoming more and more rich with a kind of exponential growth that came with bitcoin and seems to have decent chances of continuing in the coming 3-5 years or perhaps less,  as we all kind of expect a bit of a boom and perhaps even another blow-off top to happen no later than the end of 2021, but likely sooner than that.

Didn't bitcoin raise you out of such appearances, yet?

We are doing well currently.

Well Rosewater Foundation, might be another story.

My point is that I believe that it is not necessary.  I believe that either BTC is going  to continue to perform sufficiently well, and even if it does not, for me, even if I have to cash in at these prices I am good (as long as prices are above $5k).  I have gotten to my current position because of BTC's past performance, and even if BTC does not perform as well as it has in the past, I am well able to cash out 1% per quarter without really putting my principle at risk.

I believe that other people can reach a similar status as me.  Overinvest into BTC and that way you have a cushion, even if BTC dips, you have sufficiently enough, and the extra earning of interest is NOT necessary... especially once you might have gotten past your accumulation stages, you are in either a maintenance or a liquidation stage  and ultimately you have already built up equity... Currently my equity is about 12x, so I don't even mind cashing out at $5k which would be about 6x, but I believe that I am never going to have to worry about cashing at $5k or below because in the next 3-5 years, when I start cashing out significantly, I am not going to have to worry at all.. I have plenty of money without having to worry about that kind of third party risk and bitcoin will likely continue to appreciate... and other guys (and gal) will have decent chances to put themselves into a similar situation as long as they have invested in BTC for 5 years or more... now if guys (and gal) are not able to put as much capital into BTC as I had been able to do, then it might take them longer.. maybe 10 years, but still that does not necessarily justify counting on that kind of an interest system in order to make your BTC based passive income plan function quite well.


Sure, ultimately it is up to you if you believe putting a portion of you BTC into such a plan is helpful overall and worth the risk.

I try to do my part, when I can.     

hahahaha

A blast flash from the past.   My how times have changed, so quickly... seemingly so... Is there any investment that is going to take us so far... and remember in early 2014... I may have been short-term correct, but in essence, I was wrong for about two years, because, if I recall correctly, we did not get back above $420 in any kind of material and meaningful long term way until May 2016.. and at that point, sub $500s became a thing of the past - even if we touched upon $500 briefly during the August 2016 Bitfinex flash crash dippening.

I know that I suck.

I am going to just keep with my plan to sell in the ball park of the same amount that I have been, which is about 1% for every 10% rise or 10% for every 100% rise, which has been working out quite well for me, and I never have to worry about either running out of BTC or attempting to time the top (or the bottom for that matter because some of the sale proceeds will go towards buying back BTC on dips, which seem inevitable, even if they are not really occurring during exponential price runs).

I cannot remember who said (I think marcus of augustus?) that once the BTC price rises 100% in less than a month, then you have a pretty good idea that the blow off top has been reached or is coming soon.  I am not sure if I am going to feel inclined to sell a bit more if we reach a "blow off top" of that significance (and even wondering if such a blow off top is going to happen again).  

A question could also be how much of a correction we are going to have.  One problem with making BIG sales amounts is putting a BIG value on any particular exchange, even if it is just for the period in which the BTC prices are high... sometimes it might feel like you are putting too much value on an exchange... and then making sure that your bank does not overreact, either... and the LARGE amount could get locked up, perhaps?  Perhaps?  Some of the BIG liquidation avenues seem to be getting more and more draconian with the passage of time, but if you attempt to clarify ahead of time, then could save some pains, perhaps?  Perhaps?

Will be curious if BTC plays out anywhere nearly as bullish as that projection, especially if you are expecting a similar trajectory in 2024.  I am not saying that it could not happen, but I just have a hard time imagining such a bullish scenario. 

I will have to be getting gold-platted elderly diapers. 

Won't know how to spend all of the money.

might have to start buying alts (like some other filthy rich peeps) in order to throw a sufficient amount of my money away.

I believe, but I am not sure, if I would want to live frugally like warren buffet in my old age.

8 apartments would be a full time J.O.B... even with a manager.  You are managing the manager, or they are taking a BIG ass cut.. hopefully, they earn their cut or are otherwise taking care of matters with sufficient due diligence?