I consider the idea/suggestion of investing no more than you can afford to lose to also apply to investing.. not just trading and/or gambling and maybe it applies more with volatile assets like bitcoin, even though the reality is that there is no sure investment - even though some investments are more volatile and/or risky than others.

And, sure are characterizing bitcoin as something that is more of a stable investment - and surely that seems to increasingly be the situation with bitcoin, even though there continues to be risk with bitcoin, including but not limited to the risk of it going to zero.


Sure, we are likely going to be in profits if we hold and continue to buy bitcoin, but it could still take 2-3 years or even longer to really get our bitcoin holdings into such a place, and there might even be some guys that might take either more than a whole cycle to get into profits and even otherwise to get some decent bitcoin holdings, and sometimes based on their own cashflow situation, they might actually have to buy more bitcoin at higher prices rather than lower prices if they had been able to buy more bitcoin earlier.  So their average price per BTC might be higher than other folks, but the main thing would be that they continue to accumulate BTC without being so worried about their average price per BTC (even though they also keep track of their average price per BTC, too).  


Ok.  We can acknowledge that a lot of folks might come to something like bitcoin or anything else without really having any kind of a long term plan and even if they have a long term plan, they end up not having conviction about it in such a way as to stick with it, but so what.  The mere fact that a lot of people are like that does not mean that they should not be approaching bitcoin with a 4-10 year or longer timeline for their investment.. .. so then if they come to bitcoin from that perspective from the start, then maybe they would make their investment in such a way that they would be able to stick with it.. perhaps investing 10% of their income or figuring out what is their disposable income and investing 50% of their disposable income or some kind of a investment approach that is long term sustainable.  The mere fact that most people do not do that and most people have a gambling mindset with gambling tendencies, that does not  mean that they cannot (or should not) be striving to create stronger systems that are long-term in order that they would be able to stick with whatever system that they create, such as even a bitcoin accumulation plan that might mostly involve DCA, but also might allow for buying on dips and lump sum buying.


It still sounds to me like a BIG SO WHAT?  Yes people are greedy and inclined to gamble and short-term thinkers, but it still does not mean that we should just follow the path that most people do.. so your observation about the way people are seems like lazy thinking in terms of your own attempts to figure out what you might want to do in terms of your own approach to investing and/or your own approach to bitcoin.  Hopefully you figure it out sooner rather than later, in order to create a longer term investment time frame for your self that does not cause you to engage in the same kinds of ineffective things that many (and sure perhaps most) people tend to do.


If you are considering long term investment and store of value, then you are not necessarily immediately concerned about profits, even though sure it is nice to have profits in the long run, but profits would not necessarily be a central motivating force, but instead perhaps wanting your asset to largely either hold value or slightly go up in value as compared to other places that you could put such value, and if you are not quite sure where to put your value, then you would place it in multiple things besides having it all in one place, and surely not necessarily referring to shitcoins, even though some folks will make those kinds of choices, but instead other kinds of assets classes as compared to bitcoin (or to offset bitcoin) might be things like stocks, bonds, properties, commodities and cash/cash equivalents.

It seems to me that in your example of having a goal of getting to 5 BTC, there might be some recognition of the ability to sell and/or to play around with the extra BTC if that same person had actually gotten to 6 BTC, so then the extra 1 BTC ends up being a overaccumulation cushion... that allows for more freedom.. so then maybe the 5 BTC becomes somewhat untouchable, yet the extra BT are able to have more flexibility in terms of whether some of them might be sold at various points.

Sure, 5 BTC might be enough too for a person who might be considering about 4 BTC is enough .. so 5 is more than enough..

And, so reassessments can be made at various points in regards to how much is enough and how to calculate how much of the stash might have more flexibility in terms of potentially setting various sell price points or even selling certain quantities on regular bases on on  timeline and with formulas that you might calculate yourself.  My sustainable withdrawal thread goes over timeline and also price-based sustainable withdrawal considerations.

Fair enough.


I am pretty sure that the Eth boys are still not very transparent in regards to how many coins there are exactly, including but not limited to that early 2014 premine.  The supply question has never really been very verifiable as far as I have understood.. but the Eth folks seem to consider that to not really be much of a problem.

Wasn't there some verify the block questions that even came 6-12 months earlier than their other stupid ass 2022 movement into POS, which should have gotten people understanding that ethereum was constantly changing itself without much for parameters or even straight-forwardness in regarding whatever new thing it had decided to become..

You’ve never been completely patient. 

It is likely that several of us will have variations of differing perspectives regarding how to consider the selling of bitcoin with the potential of buying back at lower prices.

My own personal perspective is that if you are selling your bitcoin with the expectation of buying back cheaper, then you have the wrong ideas about the whole matter - in other words, once you get to a sufficiently large enough bitcoin stash, you should be able to consider any BTC sells  that you make to be "extra bitcoin" that you do not really need, so in that regard, you sell them without any expectations of being able to buy back, and yeah sure if the BTC price ends up dropping, then you can use the money that you generated from the sales of BTC to buy back BTC.. so also the selling of BTC on the way up could be like an insurance policy, but you are not selling a large enough quantity of your BTC that you are going to feel that you no longer have enough or that you need more, so maybe when you buy back if the BTC price drops, you are largely just replacing the ones that you bought and the size of your BTC stash might not be changing very much.. since you have to take into account transaction fees and also tax ramifications that can vary between jurisdictions.   

So yeah.. I am thinking that your level of experience and the fact that you got through a whole cycle does not justify your selling of BTC as much as your ability to calculate the size of your stash in terms of either having enough or more than enough. .and surely there are various tools that you can create for yourself in order to consider these kinds of matters, including some kind of a raking system that makes sense to your own personal circumstances.

Yeah.. difficult to know.. He's a bit of a flip flopper, and he surely does not seem to be bothered to go along with UPpity when it is happening, but also comes out with a lot of negative nancy zingers, maybe even since about November 2023 or so talking so many times about returns to $20ks and then later talking about returns to $30k and even recently returns to $40ks, but none of that seems to be working too well... so yeah, he might have sold too much too soon. and still has hope to get back some of those cornz.. while at the same time, he may well be waiting a long time including considering that sometimes there can be some benefits to just taking the "L" and perhaps getting some corn at higher prices (but yeah, hard to know if we are not exactly familiar with the details).

There are plenty of us who go through boughts of bear talk or negativism.. but yeah, how the hell should any of us feel justified proclaiming that we are in a bear market when even today, there were only 26 days with lower higher weight-traded prices.. so I have a hard time considering number 27 as exactly "bearish".. but yeah, people frequently use the wrong words when they might mean to say that we are in a correction within a bull market rather than bearish.. but yeah, anything short of the ATH of $73,794 from mid-March could be considered a correction.. yet even that sounds kind of weird when saying it out loud, so yeah, we might say failure to go up is not necessarily meaningfully bearish. but yeah, failure to go up for a whole 2.5 months and even potentially going on 3 months, but even that hardly seems like it is anything to really get too worked up about - since another way of considering the matter is that there has been a lot of negative ammunition thrown at bitcoin, but it is still going up (or at least failing to significantly go down).. and yeah, sure we can hardly ignore that the BTC spot ETFs are continuing to buy bitcoin at a fairly high pace while at the same time self-custody and privacy is attacked (at least in rhetorical kinds of ways.. and yeah targeting of some individuals can be discouraging too.)..

Edited above paragraph clarified one point and improved flow.


Who fucking cares about 20% or more corrections, and even if they continue?

We already should realize that bitcoin can have 30%, 40% and even 50% corrections in the middle of a bullrun.. ..

But, yeah, whatever, it is not that we are going to necessarily agree and if you want to call the 2021 top as April and I prefer to call it as November then that can be another way that we interpret the data differently.

Yet, we do not even need to use 2021 as our ONLY example since we can also see several pretty damned large corrections in 2017 too.. and even if we are no longer int 2017, there likely can be similar kinds of BTC price performance dynamics that include bull markets (and bull trends) that have very large price corrections contained therein including going way past 20% and still not knocking king daddy out of its bull market (bull trend).

I think that frequently my main points have been that the more that you know the more aggressive you can be in your bitcoin accumulation, yet in the end, each person has to figure out the finer details for themselves in terms of how aggressive that they might want to be and how to employ the various BTC accumulation strategies (of DCA, lump sum and/or buying on dip), and they also should be figuring out their investment timeline, and other various personal factors, but the mere fact that they still have things that they are figuring out should not stop them from getting started, but they might still have to tailor the level of their aggressiveness in accordance with how solid they feel in regards to each of their 9 factors and/or any other considerations that they might feel that they need to take into account.

I am not going to complain at all, including considering that we have ONLY had 26 days in all of bitcoin's price history that performed better than today - furthermore, I am surprised when I hear talk about out supposedly being in a bear market.. which seems almost pure ridiculous when we are having (printing) BTC prices that are in the top 30-ish..

Yeah but if you are talking about "crypto," even when you are meant to refer to bitcoin, you are quite lost, just in making that word choice.  It is like you are trying to sound smarter for choosing some kind of a word that is supposedly smart?  yet we are still in a bitcoin thread.. so if you meant to talk about bitcoin, then why not use the word bitcoin, otherwise who is going to know what you are talking about?  Are you wanting to say that bitcoin is just part of some other kind of movement.. bitcoin just fits in there?  That would be dumb, even though I know a lot of mainstream folks present those kind of vague and misleading kinds of talking points.


Sometimes you might consider that people are making predictions, yet you still need to make your own preparations for what you are going to do.  I have stated that I believe that there are pretty good odds that the BTC price will go between $120k and $180k in this calendar year and then have a higher price point in 2025  than in 2024.. but who cares what I say, because even if I state that there are pretty good odds that the BTC price is going to go up, I am not making any kind of guarantee - even if you might read it that way or describe whatever I said as a prediction.

Likely the more important thing is to have some ideas in your own head about how you are going to treat your own BTC price accumulation and if the BTC price ends up going in one direction or another you are not too overly shocked by whatever ends up happening.. ..


Of course, after the fact, we can see that any of the better of approaches to bitcoin would have had been to error on the side of mostly accumulation, especially over something like a 9 year timeline.

Another thing we might be able to see is that it is possible that a lot of mistakes could have had been made over something like the last 9 years, but if the main outcome was to accumulate BTC, then it would have had become more probable that at least some level of profits (and increased options) would have had been achieved. 

Surely we cannot really know how the next 9 years are going to go, and personally, I would consider it to not be very likely to be able to achieve the same level of returns in the next 9 years as had played out in the last 9 years, since perhaps we might proclaim that BTC price starting points 9 years ago may well been somewhere in the ball park of mid $200s, yet even if some guys might have made mistakes and ended up with some where in the ballpark of $1k average costs per BTC, that still would have had been decently well to have something like 67x profits as perhaps compared with 150x-ish profits.. .. and even smaller levels of profits might also have had been acceptable.. in the context of figuring out if mistakes could have been made.. yet BTC were accumulated at various points throughout the last 9-ish years.

Even just a straight forward $100 per week investment into bitcoin would have resulted in about $47k invested and around 26.7751 BTC accumulated (currently valued about $1.813 million).. so right around 38.6x  profits.. which still is not a bad place to be.. even if the amounts might not have been the same and even if the level of profits might have been somewhat less exponential.

You must be new here.

"We" (royal perhaps?) do not talk positively about shitcoins and/or "blockchain" in these here parts.


A bear market.


Oh gawd.   


Horey sheit...


Is that a lost puppy that I see?

Nothing wrong with you explaining Zackz5000.. and there is the reference to reading the OP too (first post of the thread).. ..

So I would think that the OP would be amongst the best of places to start to get a summary of the thread, and did Makus actually tell us that he had actually read the OP first?   I think not.

Yeah, maybe Makus had read the OP, and he did not understand it, and that would be more than fair that someone reads the OP, but still does not understand what to do, yet if Makus had read the OP, and if he was confused by it, then he could tell us that he had already read the OP and he was still confused and then he could direct us specifically in regards to which part of the OP is confusing.. but at least then (if he had read the OP and done a bit more looking into the matter) we would know that he had already done a wee bit of the basic investigations into the matter.

The most basic things that beginners (newbies) need to know is about their own personal finances and not about bitcoin.

So the main thing that they need to know is whether or not they have a discretionary income and a kind of ballpark idea of what it might be, and surely they might have really shitty financial circumstances, which would mean that they need to invest less rather than more while they are sorting out their particulars.

There may be some need to figure out information regarding from where to source the first bitcoin purchases, yet in the very beginning there may well be absolutely no need to figure out how to achieve self-custody, even though self-custody may well be some kind of goal to get to that point in a fairly soon period of time after starting to invest into bitcoin (yeah, without self-custody it is price exposure and not ownership of actual bitcoin, yet knowledge of self-custody is not a prerequisite in terms of getting into bitcoin). 


Surely, I am not of the position that a newbie needs to learn about self-custody prior to getting started (with bitcoin price exposure), and I frequently suggest that the main things to know is about some ballpark ideas about your disposable income being enough to get started investing into bitcoin, whether that is starting with $100 per week or $10 per week or some other amount that fits into the newbie's financial/psychological situation.. and yeah, there may well be some needs to error on the side of conservative, if the newbie might not have a strong grasp of his disposable income beyond merely having ballpark ideas that he has a disposable income.

Another thing that other forum members refer to is having conviction about bitcoin, and surely there might not need to be any kind of strong conviction to get started, yet the lack of conviction and/or knowledge about bitcoin may well justify investing less aggressively during any process to build such conviction.. so yeah, maybe there is enough of a conviction to start to invest $10 per week based on the recommendation of a friend, but then later there might be increased conviction that allows the same person to increase the weekly amount to $100 or some higher amount...or to take other investment actions depending on their actual disposable income and other aspects of their financial situation, including various considerations of their 9 factors that can be built upon and studies. .and even tweaked for years down the road, yet not even having strong grasps of all of the 9 factors would not prevent from getting started into bitcoin, but having strong grasp of the 9 factors could well justify becoming more aggressive in terms of bitcoin investing, if that is what the newbie considers to be a reasonable/prudent approach based on their assessment of those matters..


One of the better things about bitcoin is that it is not a business, so you can choose your level of commitment with way less knowledge and/or skills. .and you can figure it out as you go.

Bitcoin has a potential to open the door to a lot of folks who otherwise would not be in a very good position to invest. .but yeah, they still have to be careful to not overthink some of the comparisons.. and yeah, it can still take a long time to really get to know bitcoin (and still not really know it very well), but even with all of that, an overwhelming majority of the world's population remains either low coiners or no coiners, and perhaps somewhere in the ballpark of 99%-ish, so the default idea in regards to bitcoin is to get started rather than fucking around with comparisons that either do not fit very well or they suggest waiting or needs to study bitcoin more....  blah blah blah.


In your example, if a guy is buying bitcoin with 25% of his expenses (50/200), then after about 4 years, the guy would have invested a whole year's worth of his expenses into bitcoin.. .So that would not be a bad place to be in terms of building a BTC holdings that has greater chances of getting him to fuck you status or some kind of a status in which he can start to employ sustainable withdrawal.

I wonder how important your ideas about profit taking is?  Sure we want to be in profits or even presume ourselves to be in profits with the passage of time, yet if the guy in your example continues with his practice of investing 25% of his expenses into bitcoin per year for 12 years, he has therefore invested 3 years worth of his expenses into bitcoin at the 12 year mark.  So then maybe the other question might be how bitcoin ended up performing over that time in order to allow the amount invested to grow at least with the cost of living increases and perhaps more than that. ... even though there are no guarantees...

So I am not necessarily going to presume regarding how much profits the guy might be in, yet I would suggest that the value of his holdings may well help to guide him in regards to whether he needs to continue to invest/accumulate bitcoin or if he might bd ready to start to employ some other strategies that might either be just maintenance or perhaps getting into various kinds of withdrawal practices, whether that would be time-based withdrawals and/or raking kinds of strategies.

Surely we make our own assessments regarding where we are at and how we might want to replace and/or supplement our income with bitcoin withdrawals if we happen to get ourselves into such a position.

It seems to me that sometimes folks get their investment into bitcoin wrong because they might prioritize it beyond their considerations of their disposable income.. so then they get into trouble.

Sure, there is no problem prioritizing your investment into bitcoin, but it still has to come from your disposable income rather than some abstract decision to buy $100 per week of bitcoin no matter what - and then you end up not even having enough to cover your expenses or otherwise putting yourself into a predicament that could have had easily been avoided with a tad bit more appreciation regarding your budgetary (and psychological) balancing considerations.



There is nothing wrong with your ideas of cutting some of your discretionary expenses down to amounts that end up prioritizing bitcoin, but that is a different question in regards to whether you are prioritizing bitcoin beyond your discretionary income.

Yeah, you may be able to drive a Toyota rather than a Lambo.. no problem. You may be able to go out to eat 1 per week rather than 3 times per week, and there are a variety of ways in which our own choices of expenses are deprioritizing investing into bitcoin, but that still does not mean that investing into bitcoin can either go higher than discretionary income or that it makes sense to cut some expenses that may well be important to your quality of life in other ways including that if you choose to eat really cheap food, you might end up with health problems that could have had been avoided.. or even there might be needs for you to take your girlfriend/wife out for dinner (or other ways of spending money on her) from time to time in order to preserve your relationship... or some kinds of normalcies in your life that sometimes involve expenses.. including in some of your social circles, you might sometimes need to spend money on friends/relatives, even though maybe they don't deserve it or appreciate your spending on them, but there might be some needs to preserve various relationships with people that sometimes will cost money and take away from your ability to buy as many sats as you might prefer to buy in that week (or that particular month).


You seem to be fighting with the idea of discretionary income, which seems like a semantics fight rather than a substantive fight... since surely you seem to realize and recognize that there may well be limits on how much any of us is able to invest into bitcoin on a weekly/monthly basis and there are ways that we can attempt to prioritize our expenses.. or even work on ways to increase our income.. .. so yeah, no problem with providing examples in which priorities might be changed and still be within bounds of discretionary income in order to invest into bitcoin or however else a person might choose to invest his time, money and/or energies.


I agree with almost all of what you are saying Justbillywitt; however, I find very little value in any kind of idea that any of us should be striving and/or able to achieve perfection in terms of our bitcoin accumulation and/or our balancing of our priorities.

Personally, I think that it is better to consider the matter in terms of some kind of a balancing of making decently good choices within a range of possibilities that give us more and more options the longer that we do it.. so that we are likely just trying to do a good and comfortable job rather than getting it perfect, and sure, I am not suggesting to be sloppy or anything like that since from time to time we might identify areas in which we can tweak one direction or another, and we can even choose whether or not to tweak, and maybe the tweak might not even be much better than our earlier set path, but we can still attempt to make various kinds of improvements from time to time, yet I doubt that we are necessarily achieving perfection, even while at the same time, we might feel that we are achieving a certain level of comfort in terms of balancing our own finances and psychology.


Churchillvv is not making a completely invalid point, since he might be saying that a guy who might have $100 in transportation expenses, might choose to buy a car or buy a lambo rather than a Toyota, so that guy might not be adequately grappling with his discretionary income because he is creating expenses that are higher than he needs, and he should be prioritizing bitcoin and cutting back on some of those expenses.. .which sure sometimes that may be possible and sometimes it might not be as practical as Churchillvv seems to be suggesting.  Sure, another thing, which seems to be part of Churchillvv's point, is that some folks might consider their Lambo as a transportation expenses, which truly it is partly a transportation expense, but the Toyota might be more practical and there might even be instance  in which it might be better to use public transportation, take uber or some alternative to actually owning a car - except maybe in the case of a business, the car might be specifically used for direct work reasons.

Hopefully with those kinds of ideas of "taking BIG profits," you do not end up selling too many BTC too soon.

If course, you have been registered on the forum for nearly 9 years, so you may well have had a sufficient amount of time to accumulate enough BTC that you are pretty much able to shave off some BTC profits at any time that you would like... and such a condition might not really be very common with folks who have not been in BTC more than a whole cycle (at least). 

That is a weird way of saying it... When you use the expression "at the moment," it is like you are recognizing (or emphasizing) temporary pump and dump opportunities in bitcoin, and surely we can never really know "at the moment" kinds of considerations, even in regards to bitcoin.. which the opposite seems to be part of the rational that anyone taking a 4-10 year or longer investment timeline will not necessarily be focusing on bitcoin in regards to "at the moment" kind of investment considerations when getting into bitcoin or when adding any more BTC to his/her current BTC stash.

It is also not easy for any newbie to merely consider bitcoin as an "at the moment" kind of an investment, since it could take 4-10 years or more just to build the size of the BTC investment, unless the person actually has abilities to front load his/her bitcoin investment, which truly an overwhelming majority of folks are more able to invest into bitcoin and/or anything else in incremental kinds of ways rather than having a bunch of value hanging around that they can put into bitcoin... so yeah, in essence, at the moment seems more like a trading kind of a consideration rather than the way an investor would think about bitcoin.


I don't mind waiting as an approach for someone who might have had already bought a decent chunk of BTC, so then they are already prepared for UP...

So maybe someone is brand new to bitcoin within the last 2-3 months when this thread started.  So if such a hypothetical person were to have had come to bitcoin, and quickly evaluated his financial/psychological circumstances, and considered that he has around $3k income per month, about $2,200 per month in expenses, and about $6k saved up that he could invest into bitcoin, and maybe he had decided to invest $3k or more of his saved up amount into bitcoin and he decided to buy $100 worth of bitcoin per week, so then he still has that $3k and he is not sure if should put more of it into bitcoin or not, since he is already buying $100 per week.. and yeah, even right now if he has the $6k and he invests half of it right away, then maybe the other half is considered waiting money.. but still whether or not he employs the practice of buying $100 per week is up to him, but at least he put some value into bitcoin and he is not merely employing waiting as a strategy. 

Sure, some guys may come to bitcoin and may have even more precarious financial/psychological circumstances in which they have debt or they have not really figured out their disposable income because it varies every month, and they might not even have much if any savings, float, emergency fund, reserves and so they may well need to start in bitcoin more slowly and conservatively, yet even having some complicated financial/psychological circumstances would not necessarily justify that they wait rather than getting started in regards to buying some bitcoin and figuring out their financial/psychological details as they go.


Well, yeah, for the guy who is waiting rather than getting started right away, there might be a bit of an assumption that allowing the dollars to build up is a better way forward rather than putting some value into bitcoin right away.. so yeah if someone has really messed up finances and psychology, waiting may well be their idea of the better approach, which I still am not going to presume that folks are not able to figure out how to put $10 into bitcoin and to perhaps figure out some way to minimally invest while they are working out their details rather than presuming that their allowing cash to build up is the better move.

Sure, it is true that once the money goes into bitcoin, then it is better to consider that money to be locked away for 4-10 years or longer, so in that sense, there is a need to make sure that whatever is put into bitcoin is not going to be needed for 4-10 years or longer, but even with that kind of a consideration, I believe that waiting is not a good way to frame the matter... but yeah, position size may well have to be really small during those initial weeks and/or months well such a presumptively unorganized person is getting his/her financial/psychological matters in better order while beginning the earliest of stages in regards to how to invest into bitcoin.


I doubt that there is any need to get overly focused on profits for one or two cycles or more depending upon how much a person might be able to start to invest, and yeah, I don't have a lot of sympathy for folks who are coming into bitcoin and treating it as a trade of less than at least a whole cycle rather than treating it as an investment of 4-10 years or longer.


You have a strange way of expressing yourself STINKYBEE in regards to the various possible perspectives that guys might have in terms of wanting to get into bitcoin. Surely people are going to have all kinds of perspectives in regards to bitcoin and some of those perspectives might be good and solid and others not very well informed, including the fact that bitcoin is so damned immature that is still is quite likely that less than 1% of the world's population owns any bitcoin, and even the ones who own bitcoin may well not really know what they own, or what is the reason to get into bitcoin beyond its number go up technology.


For sure, I agree with the idea of not getting distracted into shitcoins, and to figure out bitcoin first, even though surely shitcoins are not going to be going away any time soon, and there are likely going to continue to be a large number of folks who continue to be distracted into various shitcoins or even distracted into failing/refusing to holding their own bitcoin rather than  the various "conveniences" of holding bitcoin on third parties -  which truly is mostly just price exposure and perhaps less valuable in terms of recognizing, appreciating and not getting distracted away from bitcoin's true value in regards to self-sovereignty and being able to hold your own keys.

Surely, even some of the more experienced bitcoiner may well be getting somewhat frustrated by some of the various attacks on self-custodial wallets and various kind of privacy preserving ways of transacting and/or holding coins.  So the answers are not always clear and/or straight-forward, even if we might be referring to ongoing number going up technology and why bitcoin prices might be continuing to go up.. including that surely there is ONGOING recent demand for bitcoin that is coming through spot BTC ETF products that do not complement the self-sovereignty and/or self custodial (or even privacy) qualities of bitcoin, yet those recent products are opening a lot of doors to folks (or even institutions and governments) who previously had more limitations in the ways that they would be able to get bitcoin price exposure.


It is likely worthy of emphasis that bitcoin is bought through discretionary income that is most likely going to be measured in dollars (or other local fiat) for an overwhelming majority of persons, so the figuring out of how many bitcoin to buy or even how much in profits the BTC might should likely not even be any kind of central concern for 4-10 years or longer, unless of course, a person had been able to front-load his investment into bitcoin.

So, yeah, there is nothing wrong with keeping track of how your bitcoin investment is doing, and it may or may not even be profitable in the beginning years, and surely there is no guarantee that it is even going to be profitable in the longer term either (the 4-10 years or longer period), but at the same time a calculated risk is being embarked upon in which there should be consideration that the most that can be lost is 100% of the investment, while at the same time there are a large number of scenarios in which the investment into bitcoin may well be quite profitable and even quite profitable compared to other places that a person would be able to put his/her value, time and energies.. so the asymmetric upside potential of bitcoin remains a calculated consideration and each person has to figure out his/her own level of investment into it with extra money that they have available and that they could otherwise be spending that money on other things (other than bitcoin), and so choices are made that may or may not end up paying off, and so the choices are not always comfortable - even for folks who have been invested for a long time in bitcoin, even though surely it likely feels better to have your bitcoin investment to be in profits rather than not.. .. but there also needs to be some consideration that being in profits should not be something that is presumed as if if were guaranteed (by the way @Marvelockg, I am not presuming that you are engaging in any presumptions that bitcoin is guaranteed).

I cannot really be sure regarding how the topics could overlap in terms of how we might talk about the effects of runes and ordinals (inscriptions too) on bitcoin, and including potentially our own personal financial considerations that might involve how much that we might want to get involved or financially dabble in pump and dump baloney as compared with just building our BTC holdings and/or engaging in other practices to try to protect our BTC holdings during many times that there might be both ambiguities in the market but also congestion on the blockchain that might cause some of our UTXOs to either unspendable or uneconomical to spend.

On a personal level, I don't really have any problem with guys who are tempted to gamble in various ways, including if they might see some potential areas in which they might earn more money - yet we know with bitcoin people might end up getting deceived and distracted away from bitcoin, as the prize possession... so if there is such a great asset such as bitcoin itself, why add additional risks when you have nearly a sure bet (yeah, I know nothing is guaranteed, so we have to account for even bitcoin not being guaranteed either)...

I know for you personally (Wind_FURY), many times you have claimed to come from a kind of impoverished starting point, so then there is a bit of an implication that you are having to struggle to build the size of your BTC holdings, so perhaps you are not even close to being in a position to having enough (or more than enough) BTC, so your distraction into other ways to increase your BTC stash seem to be greedy rather than practical, so maybe my own punchline consideration would be regarding how much of your BTC are you willing to put at risk in either your diversion of BTC into gambling on runes, decentralized finances, ordinals/inscriptions or whatever other bullshit pump and dump nonsense that you are identifying to potentially be profitable?  If we are talking less than 10% of your BTC holdings (without cheating about it), then sure, that might be within the realm of reasonable in order to satisfy your urges to gamble and to try to get rich quicker than you otherwise would be able to with a more pure bitcoin approach.

Also, I am not really opposed to the idea of learning about something through putting some money into it, even if there might be a bit of a waste of time element to the whole matter, yet we still come down to putting limits on ourselves so that we do not get too diverted from actual wealth building and if you are claiming to having poverty-stricken circumstances, then you likely already realize that it can take 30-40 years in traditional investment scenarios to build wealth and potentially get to fuck you status (and many folks do not even get there after more than 40 years investing and doing all the right things in traditional investments). 

So, bitcoin potentially gives you a chance to actually get to meaningful and significant wealth building in perhaps less than half of the time as traditional investing 15-20 years and maybe even higher chances of actually getting to such a wealth-built status, so why fuck it up by potentially getting greedy and/or overly dabbling in shitcoins (runes etc) merely based on the fact that you might be feeling somewhat wealthy based on your already 8-ish years in bitcoin (congrats, I see that you just passed your 8 year anniversary on the forum - can't be claiming newbie status anymore.. hahahahahaha).

So.. yeah, even folks who had been modestly investing in bitcoin over the last 8-ish years might have made a lot of mistakes and still be feeling that they are doing somewhat well in terms of their own bitcoin investment performance levels.  This can happen with any investment in terms of the psychological components of a wealth effect that might contribute towards more spending, risk taking, withdrawal of capital and/or even temptations to diversify that might not be reasonable/necessary - while at the same time, it might be difficult to recognize and/or appreciate the value of sticking to the earlier course of action that would be to be continuing to stay focused on the prize (bitcoin in this case) and not getting lured into shiny objects that may well merely be serving as ways to separate you from the bitcoin you have so far built to date and also the bitcoin that you would continue to be able to build by remaining focused on ongoing accumulation of bitcoin rather than other "possible things that might (or might not) return more."

I think that we are getting used to non-substantive sorting, and of course, intuitively there might have been some desires to sort by number of pushups or something like that.. and it probably does not matter too much even though sometimes people will look through lists and try to figure out how it is substantively sorted.... Whatever you are doing is good.. seems to have easier chances of spotting potential duplicates....


Strange that some of the latest push up report updates did not get captured in the latest table?

I first noticed mine, and I did not see any errors in it, and then I looked at the two previous ones of Ognasty and Zackz5000, and they were not updated either.  Something seems out of place regarding the latest script run:




There might have been some others that were not included.  I did not go back further in my research.


It can be difficult, and surely there are some guys who have more difficulties in their schedules based on their kinds of activities...

so currently part of mine is to try to average around 40 per set and 5 sets per day, so there are some sets that are only 30 and some are 50-ish, so I am also trying to pay attention to that... but in the beginning I was doing as many as I could, and I started out with 3 sets per day and worked my way up to 5 sets per day.  so far, in my 108 days of doing pushups I have not done fewer than 3 sets in a day nor more than 5 sets in a day.

I am not sure what could work for you.. maybe start out with just 2 or 3 sets and maybe don't be too demanding on yourself, and once you get used to it, then you can increase your number of sets and/or your number of pushups per set... Try to make it easy to accomplish and just try to keep it in mind each day, whether it is triggered by getting up or some other activity.. such as before you eat.. (I don't feel as good if I do my pushups right after eating).


Exactly!

Even worse if you ended up getting demoted.  


That is a lot of pushups.  I did have one day (on May 7th) that I did 60 pushups every set, so my total for that day was 300, and it was not easy.. and since the 10th, I have been sticking to around 200 per day.. at least for now..

If you provide a pushup report in the correct format, then your name and pushup results will be included in the table.

100k,JayJuanGee,108,21610,2024-05-22

I am not sure what to say besides just providing my report.  Maybe I will just mention how today went.

I believe that my first two sets were somewhat normal, and then I was going to do a 3rd set before I went to run some errands, and I also had a meeting scheduled, yet I forgot to do my 3rd set, so then when I got back home it was a bit after 10pm, so I was reminded that I still had 3 more pushup sets, so yeah, those last three sets were in a bit of a crammed timeline, and it was not bad to mix it up a bit, even though spreading out my sets through the whole day seems to be less stressful when it is possible - even though I will admit that if I do several sets early, there is a bit of relief to already have them out of the way, so that is part of the same justification for my feeling better to do higher quantity pushup sets in the beginning of the day rather than waiting until later in the day, so that the end of the day will feel less pressure with the quantity of pushups needed in order to reach right around 200 pushups for the day, which now, I am very close to two weeks of averaging 200 pushups per day.

I think that these points have been sufficiently explained, especially since the punchline is that you have to figure out for yourself in terms of your boundaries, and yeah, if you end up going over the boundaries, you might not realize until it is too late.  How can anyone else figure out those kinds of matters for you?  You gotta figure out how much of an emergency fund, reserve and/or float that you need based on your own balancing of matters.. and yeah, I cannot tell you that if you are worried about it, you should error on one side or the other.. that's up to you, but if you know all of the various factors with which you are working, then your putting them to the test and balancing them out with the passage of time, you are going to likely find out how much to put on one side or another he and there probably is no "perfect" balance, but instead something in the ballpark of feeling comfortable and/or sufficiently comfortable.. but maybe also a bit uncomfortable at the same time.

But yeah if you are stacking bitcoin for 4 years or more and you are getting close to having a whole years income/expenses in bitcoin, you may well start to feel more comfortable, but yeah, maybe you won't and maybe you might consider that you have to do more or change your tactics.. How can anyone else tell you how much of a balance you should enter into?


Why?  If you are a brand new investor, then why diversify?  and diversify into what?  shitcoins?  How about you have an extra disposable income of $100 per week that you are investing into bitcoin.  You want to diversify into something else with that?  Your $100 per week is not going to go up, but instead it is going to get diluted, and what good would that do?  Dumb idea to diversify for the mere sake of diversifying.. However, if you have accumulated 1-2 years or more worth of income/expenses in bitcoin, then sure maybe at some point it might start to make sense to have some other investments...

It seems to me that you threw in the idea of "diversifying in order to offset risk" because you wanted to sound smart... but without a context it makes little sense, unless you are just spouting out shitcoin talking points within a bitcoin thread.


Don't overinvest, then you won't have to worry about taking any out for 4-10 years or longer, and even if you have some kind of a goal of accumulating a whole bitcoin, that seems kind of dumb and arbitrary.  If you are starting now, and you are investing $100 per week, you may well not reach $100, even after 10 years of investing.. actually I doubt that you would.  You might have a chance of reaching 1 whole bitcoin if you invest $200 per week, but still who cares about how many BTC that you accumulate?  you invest according to your dollar budget and you likely want to accumulate as many as you can, whether that is 0.21 BTC, 0.5 BTC, 1 BTC, 2 BTC or some other amount in 10 years or whatever might be your intended BTC accumulation timeline.

The best time to buy bitcoin is as soon as you can - especially if you don't have any.


Waiting is not an investment strategy, especially with bitcoin.

Good luck if you believe that waiting is a good investment strategy, you are likely going to need it, since you may well end up regretting that you had failed/refused to prepare yourself for UP.. and you were too busy preparing for down that did not end up happening as much as you had expected it to happen.  It probably sucks to be you, especially since you seem to not to recognize the importance in accumulating BTC.