I guess I am just going through a kind of stage in my life that I am trying to be a bit more mobile... Even though I got rid of quite a bit of material items, I am only having marginal success with being as mobile as I would like.... but I still see one of the advantages of BTC to be that it can be moved around, relatively easily.. but still there could be some questions and even changes in best practices regarding staying on top of securing the stash and all that kind of stuff..

Who gives any shits about what traders on trading view say?  What do peeps in WO thread say?  Even then, take with a grain of salt.  Even then, what the fuck you playing around with 90% of your stash?

You seem to be setting the barriers for "good times" too high, and there is no need to get all depressed merely because bitcoin does not go above $13k in the coming months.

Furthermore, we can  stay above $7k and bitcoin would still be bullish, even though $7k would constitute a 50% correction.



We already had a 30% correction down to $9,614 within the past weeks, so perhaps another correction would be reasonable, but I doubt that it is a condition precedent in order to go up to $17k-ish.


Hm?  Maybe Arriemoller's response was better than mine?    

That's what I am saying... knowingly and purposefully posting of a banned member seems like it would be against the rules.. It's called ban evasion, and members who facilitate such might end up putting their own account(s) at jeopardy by serving as an agent of a banned member.  Might have to start reporting these kinds of posts because it is not fair to the rest of us, and there have been several of these kinds of posts from shelby done by several members, even members who should know better.

My numbers are going to change if I were to add in my other investments, and sometimes I do not really look at them too closely in terms of doing a total roundup for this kind of discussion for this thread, yet more than 60% crypto related (and 96% within crypto is bitcoin), and 401k is around my biggest out of the non-crypto because I have been tryin to get out of properties for mobility and flexibility, even though i have some property interests too... and some other kinds of investments that provide mostly passive income... and no gold, silver or PMs at the moment... and now that I look at it, as I type, I see some of my round about numbers are off, too... so whether I need to particularize, even for myself would be some more work.

It is one thing to talk about your diversification within various crypto, bitcoin versus shitcoins versus fiat, but another thing to talk about bitcoin versus other investments.  I believe makrospex was referring to the former not the later.  Of course, he mentioned that he had a house, car and blah blah blah.. and he might even have other investments such as gold and stock.  Personally, I believe that we are way too soon to be making large allocations into crypto, whether bitcoin or otherwise, and if we are talking overall investment, I think that 1% to 10% in bitcoin would be reasonable, and higher allocations would be a bit risky. 

Of course, some of us have had so much appreciation in our bitcoin holdings, so that even if we may have started with an intention in the 1% to 10% range, I believe mine got up to about 13% or 14%, then that investment allocation likely grew, and I believe mine grew to a much higher allocation in the 70% plus arena, and I decided NOT to reallocate, flying in the face of traditional advice and let the house money ride to a considerable extent... while employing insurance strategies within the investment to sell some on the wayside  up and to buy back on the way back down...etc etc etc.

I don't really plan my life around any possible black swan, but sure, black swans can come in a whole variety of circumstances, and so I guess there is some prudence to plan for a kind of set of unknown unknowns.

On the other hand, I do kind of pick on our resident PM troll in this thread, because he seems to be putting some kind of high end stakes into PMs, perhaps 20% or something like that, for a kind of Armageddon event that likely has less than a 1% chance of occurring, so I do not understand why to invest more than 1% or so (with some margin for error) into an event that has less than a 1% of happening.. and in other non Armageddon situations, bitcoin is going to serve as a decent hedge against the dollar that is better than gold, so I really don't get why he hangs out here pumping PMs as if they were the solution.

O.k.  Fair enough...  Maybe I just got lost trying to follow the various ideas...... so more or less makes sense, and overall I kind of like the idea of 90/8/2... but I also would not want to sell 5-6% of my BTC to get to such a point... so maybe I am just happy with where I am at.. especially since it seems like we are kind of on the precipice of up.. at least at the moment... even though we know that BTC can sometimes also suddenly surprise us with a 30% to 50% correction for no apparent reason.. even though we just had nearly a 30% quickie correction about a week ago to $9,614...and we have bounced back.. .would be a bit strange to have another one... but who knows with bitcoin?


Edited to add further response to edit 2:

Hey... if we are getting to know each other, then it could take a bit of time, and sometimes there could be some possible forgetfulness or even mixing up the circumstances of one member versus another.., and of course, you seem to be newer to this particular thread, so I was trying to get some idea about your perspective.. so of course, sometimes certain details might seem helpful to one person but not so helpful to another... so perhaps we could just write off any possible misunderstanding or confusion, here, as either "getting to know you" ambiguity or stylistic differences?   

Of course, I know that fiat is not crypto....

I was trying to ask you a question about whether you have any fiat that might be set aside that is dedicated to buying bitcoin in cases that bitcoin might drop or some other scenarios.

I let you know what are my current holdings, which actually is a bit higher than I had expected towards a kind of BTC bias, so I am o.k. with selling some BTC as the price rises, and maybe cause my BTC to fiat holdings to become a bit more balanced.. maybe 94% BTC to 5% fiat to 1% shitcoins would feel a little better for me.. I am not sure.  I think my BTC to fiat ratio has been a bit high ever since we broke below $6k, and perhaps some of my cashflow got mixed up or something, but I have kind of been aware of it, but a bit unwilling to rebalance it on my end, for some strange reason.

Edit: Upon further review, perhaps you may have kind of answered my question, but comes off as kind of ambiguous, if not self-aggrandizing with the additional part about the kids etc...

What is your percentage of fiat?  (by fiat, I mean fiat that is dedicated to buying crypto on dips or otherwise, not other fiat that you might have nor other fiat based investments that you might have)

I think my total right now is about 96% BTC, 3% fiat and 1% shitcoins..   

In other words, next 24 hours are critical^tm, boys.


Personally, I believe that it is a bit optimistic to expect a new AYH within the next 24 hours, but hey, the world of bitcoin is full of surprises... and you won't find me complaining about happening to become more rich if it does happen to happen.

Define "end of day"

O.k.  Fair enough. regarding fucking and taking care of teeth, I might share those sentiments, but not together with you at the same time... because I am not interested in meeting any of you fuckers... intimately or otherwise.


Regarding fucking as well, I am interested in hookers, lambos and blow mostly because it sounds good; however, so far in life I have not directly paid for chicks but I do understand that any nice girl likes to be treated to a good meal that might end up being costly for her but not so much for me, which I enjoy such, too...  I might substitute lambos for other nice transportation and LFC caused me to realize that I really don't know what I would do with blow because I would not like to put my longevity or health at risk, so I am not too interested in going down that path, even if I have a lot of money to spare, so I may have to substitute in the blow category, too...  and accordingly, it seems that everything is a substitute, even though hookers, lambos and blow sounds so good when you say it or even when you think it.

Well, when it comes to my own representations, I am not counting future potential profits as if they were in the bank, so if you ever read my calculations of profits or  even my calculations of what I plan to do, I largely base my assessments of my doing good based on progress that has already been made or current price rather than projections of future price, which in my mind are far from a given, but we can still anticipate that past bullish price performance (especially recent bullish price performance) has made the odds of UPwards price movement to become much more likely than they were previously. 

For example, few of us had expected over a 3x upwards BTC price movement in less than 3 months, and even after such 3x price movement occurred, many of us were bracing ourselves for a possible 50% price correction or even greater, but again we are back above $13k.. which is even more bullish than we had anticipated... so those price movements, and even the more than $1,500 price increase in the past 48 hours should provide some comfort regarding bullish scenarios and even negating some bearish scenarios, even though the vast majority of us realize that there is almost nothing that is a given, except for the price movement that has already happened, and surely we have cause to celebrate what has already happened, in spite of what might happen, good, bad or ugly.



Again, I don't know what you are saying exactly, because some of the representations made were based on price movements that already occurred, and I think that if we label a price target, and in your example it was $1million to $10million, I doubt that anyone was banking on those kinds of numbers any time soon in the next several years.  Some guys have been talking about $50k and $100k, and even that is merely a set of probabilities in the coming years, rather than a given.... so sure it is one thing to be drunk with gains that have already been made, and another thing to bank on future gains.  If the gains have already been made, then they could be cashed out today or surely they run a risk of losing value, so I doubt that any guy is oblivious to those kinds of risks by keeping a decent amount of value in BTC.



O..k.  Perhaps.   You are not really saying anything different than any other bullish person in this thread, are you?  And, you might even be placing higher odds on achieving such numbers?  Seems like a lot of us have difficulties putting exact expectations on such numbers, or even an exact timeline, but there remains decent comfort to see BTC to continue to perform with upwards bullishness and good news that continues to make those kinds of numbers seem reasonable, even in the next few years, if not sooner  (like tomorrow... just kidding).


O.k. that seems to be in the realm of possible expectations too... but I would imagine that most would tentatively conjecture that future corrections might not be greater than 85%... but of course, we have to be prepared for larger extremes, which likely most long term bitcoiners already have been through that drill several times and realize that it is something to prepare for both financially and psychologically.


I think that we know that, but recent BTC price performance has still been very good, and even news about BTC fundamentals has continued to be very good, too... so a lot of the bullishness has been aligned, even though bad scenarios can happen.. which is not the current state that we find ourselves.


That's the spirit!!!!!!  We should be in a time of excitement and thrill regarding where we are at.  Of course, we can prepare for negative, which always should be the case, but currently, we are in a very good situation.. with prices bouncing above $13k, even if prices correct to $7k in the coming months, there seems to be ongoing upwards and seemingly bullish BTC price pressures, at the moment.

Are you trying to ruin dee moo, Biodom?

If a person has value in an investment, whether bitcoin or otherwise, there can also be some freeing up of other money/value... or at least freedom to spend money in other locations, whether in a bank account or other resources, because he knows that he has the value in the investment, such as bitcoin. 

Of course, he can make adjustments to the value on the investment depending upon the hypothetical time that he is going to cash it in, or even to have some tentative reservations of the value based on not knowing exactly when the investment is going to be liquidated.  Real property tends to be much more cumbersome to liquidate than a 401k, and gold would likely be difficult too, absent having some avenues of liquidation.  Bitcoin seems to be much more easy to liquidate, even though some of the liquidation avenues might change from time to time, including the fact that bitcoin is only 10 years old, so liquidation avenues have changed during that time too.. so one of the costs of maintaining bitcoin could be having some ideas about what liquidation avenues might be available for amounts chosen to liquidated and when.

Hahahaha... That is probably a decent summary of the differences.

I do believe that my system does allow for a certain amount of overinvesting into BTC because it is a kind of fool proof that is good, whether you are a fool or not, and I would be too chicken-shit to follow your system because both I have little judgement when it comes to BTC price direction, and if I do develop judgement, my judgement tends to become so damned conservative that it would likely take me too long to profit from such judgement (in other words, my judgement tends to function as a lagging indicator).  

In other words, as you have already suggested, I prefer not making any judgement when it comes to BTC price direction predictions, but instead, just doing, which "feels good, man."   I also like to kind of over-invest in a system of buying BTC on the way down and selling small amounts on the way up that seems nearly fool proof, which has made me very, very rich....... and also provides me with decent downside insurance and upside spending money beyond my prior imagination.

Gotta admit to the humor, which caused me to wonder, what I had said, exactly. 

I thought that I had said that my mom gave up on BTC trading in around 2015 or 2016 after making a few failed attempts, and decided not to follow my system, to mostly HODL and she kind of became inspired by my mostly HODLing BTC, as well... but she decided to shave off some profits from her BTC after the price began to drop from $19,666 and she made her most profitable sale in around the $14k arena in late 2017. 

I would conclude that she seemed to have made a lot of money by a kind of "winging it" whereby she sold a decent amount of coins at nearly 30x the cost of her initial investment.. She did not sell all of her BTC investment, but instead she sold about 1/6th of her then holdings... or something like that.  I would hardly call that BTC trading. 

Could have been a fluke, but surely such a willingness to HODL situation becomes a lot easier, when the BTC prices had gone shooting up in 2017 and her actual HODL had lasted long enough for her to realize a decent sell spot for a portion of her BTC, even though she carried it out after BTC's December 2017 price peak.

Seems like I tell so many partial renditions of this story that even I get confused about which parts of the story I may have missed.  I had been thinking that up until now in total she had sold nearly 30% of her total BTC stash, but I am not really sure.  But I am pretty sure that the most profitable portion of her BTC sales was the one that she sold 1/6th of her BTC holdings at around $14k in late 2017.

There was also a kind of repeated harping theme from me towards my mom in the past 9 months or so in which I was reminding my mom that she was becoming more and more elderly and she better figure out some kind of a BTC cashing out plan to start to sell her BTC at a rate of about 1% per quarter.  She did not completely listen to me, because she delayed and tried to time the market because she did not want to sell any BTC in the sub $6k territory, if she could avoid it, but I think that my suggestion that she should liquidate some BTC had helped her to shave off about 3-4% of her stash around $11k since she had not sold any BTC during the whole of 2018 until just in the past few weeks or so when BTC reached $11k the first time this year.

Only two more days of averaging above $10k and 4 digits will be gone forever, from the top 100.  Will it happen?  Will it happen?

Don't get distracted by that watered down referent... Yeah, they can put all kinds of coins into it, but the reality of the matter is that bitcoin is king, even if they put a bunch of other crap in there that even could cause BTC to shrink to some minor percentage of the total... They will probably put libra and the dollar in there some day too.  So who the fuck cares regarding the exact number?

Either one... we all know what is being referred to, no?


Better yet..... in other words, exactamente, yefi!!!!