I guess I misunderstood what you were doing.  If you are tending towards longs, but then frequently closing those longs in order to take profits in dollars, then the picture is going to be rougher to see those profits dimiinshing over the past nearly three months.

I was thinking more on the lines that you may have been going long in the past couple of years since 2015 and riding out the ups and downs to keep the longs, and if you measure your profits in BTC accumulation rather than short term profits, your portfolio would be very high in profits... because you could have bought at various points between a close to 80x increase in price and maybe still be a decent 5x or more, even with a lot of mistakes.

My average cost per BTC was about $500, so the best I could have done in a kind of linear way is 40x, and so dropping down to current prices would bring my holdings down to about 17x - however, since I had some screw ups that I am pretty much folding into my BTC costs of doing business, my best case scenario in the real world was only about 20x at the top, so then now taking a kind of worst case absorption of expenses, currently my holdings are largely in an approximately 8x to 9x range, which I still would consider to be an extraordinarily great return on a more than 4 year project, that largely allows me to be considerably in profits, even if BTC prices were to sink down to $1k, which seems to really be an extreme scenario, that does not seem very likely.

Means that currently you are in decent profits, correct?

Yes... "near"

goes over $10k when? 

There is no guarantee of either price direction.  Sure, we could be back over $10k in 24 hours or it could take 2 years or maybe there is some other outcome, right?  You don't get to set a condition on your price drop.

I have not really forgotten - because you tend to remind me (and others in this thread) on a regular basis. 

Nonetheless, I do believe that the same principle should apply whether you consider yourself a minnow or a larger holder.  Of course, there will certainly be some differences in approach based on whether you consider yourself to be in an accumulation stage, a maintenance stage or a liquidation stage, and that was the main point that I was attempting to make in my earlier post regarding whether you believe that you would be moving from a maintenance stage into a liquidation stage based on life expectancy considerations.

Interesting that you and some other small minds like to employ royal we assertions... especially when you devolve into quasi-nonsensical remarks.

As you may have gathered, there is a decently sized subjective component in personal merit distribution considerations in this current forum implementation of merit, which is likely not to change in any material way in the near future.

If there were not a large subjective component in this merit system, then perhaps a different system (such as the old system of ranking up based on activity and time) would be the system; however, if you had not noticed, in the past 6 weeks this forum has moved away from that past more objective system and is now operating under a newly tweaked system.... that involves subjective and quasi decentralized merit awarding.. and this new system is certainly being monitored in terms of whether it is achieving certain subjective levels of quality improvement, fixing some of the old spamming problems and whether the newly implemented system may need to be tweaked.

I feel so BBBBAAAADDDD in my having to edumacate you in basic common sense concepts on regular basis.

And when it comes to needles, I feel both bad, and scaredy kitty.

You can calculate a withdrawal schedule that attempts to estimate how long you expect to live, so as we discussed previously, there will be a bit of a problem if you withdraw everything in 10 years and you live longer.. so your withdrawal plan should account for a probability that you might not estimate your life expectancy accurately.

It be called consistency.





 

What kind of help do you need?  Oh recognition,.. praise..   Oh you mean merits?  That is called begging. 

Perhaps your request has not risen to the level of "excessive" merit begging, but in my eyes it adds up to annoying when anyone outwardly requests to be recognized for how great is his/her post - which seems to be a bit of a turn off.  Maybe it is just me, but I prefer a more subtle approach, either provide substance or humor or some other contribution that inspires me to conclude that you have moved a needle in a positive, rather than negative direction.   

If you can't SODL then either BUYDL or HODL... oh, no you would rather spread negative energy and COMPLAINL....

Currently, some of us (namely yours truly) hesitate to describe the act of "COMPLAINL" as "whining," per the recent request of one of our delicate fragile flower WO contributors, namely Rosewater...    

Relieve yourself of the stress and sell all BTC.  Good bye...     



 

Merely we have seemingly good odds for a dump, you really don't know whether the weekend as a whole is going to add up to a dump or a pump, so your asserted correlation does not seem to be evidentially substantiated when it comes to bitcoin's longer history. 

Merely because we are currently in correction period, since about December, you DONT have some kind of truth in a supposed and "inevitable" dump scenario..

Do you happen to recall between late 2015 and late 2017, we were in a bull run, and it remains fairly likely that we are still in that bull run (believe it or not), therefore, we had more than 2 years of largely weekend pumps, or have you forgotten about that, merely, because we are in a nearly 3 month correction period?

I know that stories vary, but your 1/10 seems a bit more optimistic, and, I would NOT be surprised if the number is closer to 1 in 30 who have more than 100 BTC.

The world is nowhere near as simplistic as you frame it to be. 

Centralized choosing about what peeps should or should not do has not worked very well, which would likely include attempt to categorize what is a good way to use time or not.

I seem to be repeating myself regarding the very basic generalization and fallacy that is in your description of what supposedly people are doing, which makes me speculate that you might be pretty inexperienced in the world and perhaps your education is not very high either.

Furthermore, You probably don't really understand what the fuck is trading, because your view seems to be so myopic about what it supposedly is. Have you heard of incrementalism?  Think about it.  Trading is not necessarily and all or nothing proposition because traders have the ability to decide how much money they want to trade with, which trading pairs, how large of increments, so trading could be a full time job, partially or fully by bots, done seasonally or a few times a year, or some combination of those or even some other variant that I have not outlined.

Get a grip, Pacman in your nonsensical attempt to prescribe what you believe to be "good" or "bad" for society, because at this point if you are not clueless, you are appearing as pretty low on the spectrum and especially lower because you have been making proclamation that you clearly have little understanding and/or grasp of details.

Sometimes we can see this kind of dynamic in the total coinmarket cap, and then we might get a kind of false sense that "it's happening" this time for sure, and then suddenly the alts and ICOs get pumped again.

Maybe this time it is for real?  Even though ICOs and alts have been getting quite a bit of negative press recently, there still seem to be a lot of gullible peeps out there who are willing to buy into "supposedly cheaper" coins.

I think that I need a quite a long death spiral before I believe that the alts are not going to just parasite their way back onto any bitcoin recovery that might happen in the near future.  in other words, it really seems that we might need a kind of long term blood in the streets before the parasites will release their grip on our bitcoin host... and I am not referring to bcash here as even close to serving as an arguable "host", because I consider them to be included in the parasite camp.

I don't see any need to denigrate people who may have found various ways to make money other than your own chosen way.

Yes, there certainly are valid criticisms of financial sector employment, but some of the systematic incentives should not necessarily be held against all individuals who partake in such kind of employment, even though some personalities or types of traders might be more annoying than other types.

I do like to refer to traditional banking institution manipulators as fucktards, so maybe I am contradicting myself to some degree when I attempt to suggest that there are quite a variety of traders and they should not all be lumped together and opposed to your profession (whatever that may be).

There is no need for diminutive in order for you to respond to the substance of my assertions.  I have nothing against you, but you do seem to be posting some unnecessary and contradictory nonsense in recent days that seems to be motivated to get folks to do the wrong thing (which is panic sell) based on some possible personal, and not even completely rational decision that you supposedly made to sell.  It's not about me being supposedly prickly, but instead about what the hell reason do you have for posting such seeming provocations?

Maybe you have trained yourself into being a kind of bot?   hahahahahha

Very difficult to keep emotions out of trading... even when you know better...   Always very tempting to sell on the way down and to buy on the way up, which is the opposite of what peeps should be doing when they want to be profitable with a long term bullish asset, such as bitcoin.

You should know that I am not quite capable (or willing) of putting matters so tersely.   But in a nutshell.... maybe

Sounds like you are rationalizing away your lack of foresight.  If it had been so great to sell a bit of your holdings, you had a lot of opportunities to sell on the way up and considerably above $10k...

Now you are just spreading bullshit and selling on the way down in a whimpy and whiny and rationalizing way.  Trying to justify it with us, for what reason?   Do you want others to follow?  Get the fuck out of here.    Take your profits, and be happy, don't try to speak out of both sides of your mouth in an attempt to get guys to do the opposite of what they should be doing.