when ethereum flash crashed on coinbase some traders made insane gains (millions USD) and some lost out. coinbase reimbursed those who lost money but let those that made money alone. in short they covered their mistake.

https://techcrunch.com/2017/06/24/coinbase-is-reimbursing-losses-caused-by-the-ethereum-flash-crash/

this exchange should follow that example and eat the loss.

had an old buy order at 49.9k that popped. just luck and laziness on my part as i dont redo my sell/buy points often.

everyone knows that lasers come out of ones nose, ala K9 in Dr Who. any other place is just.. well.. wrong

the bolded part it the issue (seems to me) most here are just long term hodl mode peeps.

but please explain, i wouldnt mind it. im not too bright but am good at learning from my mistakes. ive run napkin math and i almost always would have come out ahead if i straight up hodled btc instead of trying fancy stuff like that in my endeavors of the past. because it was too easy to lose compared to the almost 100% gaurentee that btc will rise over the long term.

hodling is hands off, just sit back and relax mode. perfect for me. fancy stuff you have to actively watch and worry about.. nah ill pass at the moment.

ive been selling into this latest bull run, many of us have and do sell on these bull runs.. and with no intention of trying to buy back lower although it happens sometimes. dont ever forget to pull some profit when the good times are rolling.

its a balancing game, long term btc vs fiat for near term. just be aware you most certainly will have another bear season. dont get stuck selling btc at a horrible price if something unexpected is needed and you need to pull from your reserve stack.

personally however i think this party is just getting started.

many of us just sell as needed for some project or timeframe or whatever.. and whatever the price is at that point is what it is. so personally i will sell at levels that make sense to me for my purpose at that time.

otherwise, many have held through several ATHs and the following bear years and if we didnt sell then why would 100k be any different.

this

a better question is do you have a fiat exit strategy.

much of my stack is from gpu mining from 2011-2012. one thing i did is sign the payout addys for the pools i used with my name and what the pool or whatever was, plus the approx gear used. those will have the whole payout history from that pool. thats if you still control those addys of course. i also have receipts from the GPUs and pics of the rigs, screenshots etc.

see if you can find anything like that.

we will see. wife and i are (still! long story) waiting for our covid tests to come back. mild symptoms. i dont think we have it but isolating from each other and masks in the house until we get the results suuuuuuucks. at least we are over HEPAd indoor air wise with all the HEPA air cleaners we have (pretty much 2x what we need - allergies pets etc) and great ducting/airhandler for the geothermal. so any shed virus floating around looking for a good time should (hopefully) hit a dead stop sooner or later in the filters. with decent (and a bit of redirected) airflow anyway.

been around since 2011 (not that really matters) and this one does seem like it could have some serious legs. all to better to stumble with of course. but

if i doesnt hit 60k USD today.. well ill just have to go back to napping until it does.

that "math" word. whenever i see that in a sentence it means we are rich, right? like all sciency rich and stuff.

good times ahead

sweet


instead of breaking ground with the traditional gold shovel, how about a gold plated rusty pipe to make that 1st mark.

math math math. bleh

only number i need to know: $52,842 USD @ bitstamp

i do have some btc in segwit addys here and there.. on my phone and my trezor wound up with one from me not paying attention setting it up. so i will use segwit for smaller transactions. but i dont really do a lot of small stuff.

my mo is ill send an amount to an exchange to cash out, enough to finance my latest nefarious plan for world domination for a bit, and then just use that. and, well, since *everyone* accepts legacy.. long term corn is in legacy format for that reason.

i havent even bothered reading about the "3" vs "bc1" segwit addys yet. and ive been in this since 2011 lol wtf am i lazy af or what heh.  i just know that legacy will last forever no maintenance needed.. well unless the quantum cats show up. dont we need to move it all once the quantum stuff gets near?

so basically, i should move my sells to ~200k from instead of merely ~100k USD like now.

got it.

I like your thinking.

i actually just put in sell orders that are over $100,000/coin. felt odd kinda - almost surreal - thats like something i didnt expect to do for long time yet (least year or maybe two i figured soonest).

ill keep my legacy addys for the most part. i dont care about the bigger fees (as opposed to segwit) as its generally just a small fraction of the overall amount transferred anyway. i try to plan ahead and liquidate what i think ill need in the coming timeframe plus a bit of slop just because i know im an idiot and like shiny objects.

but yeah this messes up small transactions but isnt that what L2 is for?

sorry for my olde skoole legacy fixation. just another hobby for me.

you forgot the most important things.. have fun and live well. the corn spent on your own self improvement most always pays big dividends.

we can always burn fiat

i think he mentioned area already planned for solar arrays and some wind turbines.