Your country does not matter. You have to consider your own particular circumstances... sure there might be some difficulties in upgrading your income, but still the percentages depend upon your own situation and how well you are able to make sure that you are investing enough without over doing it.. . and like other members mentioned, there might be some months in which you are only able to do 5% and other months in which you can do more than 20%, and there might even be strategies that you employ that allow you to attempt to be creative and even to plan things out like greyhats mentioned above the use of Excel and/or google spreadsheets to really attempt to be granular in regards to what you are doing, if you believe that it might be more helpful than sometimes figuring out ways to increase your cashflow by a bit more or reducing your expenses or other things like that.

Interesting way of describing a situation.


seems like the new way of the world, no?  These kinds of restrictions are not only acceptable, they are probably encouraged by law makers.. . but sure, maybe it would not hurt to let the congressmen know about our disagreements with these kinds of obstacle/interference matters.


Have you ever heard of fake walls?

nuff said.


If you have an amount of fiat burning in your greedy lil hands that you want to use for the purchasing of BTC, but you don't know what to do, then what you going to do?  

My suggestion. Divide that amount of fiat that you have into 3 parts, and then reconsider the matter, and if you still don't know what to do, then divide each of the three parts that you just divided into another 3 parts (that second divide will end up giving you 9 parts).  Then reconsider the matter, gain.  If you still do not know what to do then just continue with the process of dividing the parts into three and reconsidering the matter, and then it seems that sooner or later you are going to figure out what you would prefer to do in accordance to your own preferences and balances rather than just performing ongoing maths, or else you will fall asleep (or die trying) from the maths and sciences that would be coming out of the process of ongoing dividenings and indecision in regards to trying to analyze what to do with at a bunch of "almost" worthless divisions of fiats.

I think that part of the calculation should be that if someone is able to save/invest 33% of his/her income on an ongoing basis then after 3 years, that savings/investment would have amounted to approximately 1 year's salary.. yet still another question remains whether the investment/savings is performing sufficiently well in light of the cost of living changes, and surely with bitcoin we have a decent amount of confidence that it will perform quite well relative to other places in which money/value could be stored.. but at the same time, it still could take several more years to get to something approaching fuck you status.. which is where you could afford to quit your job. .and that would be to get to the point in which your investment is stablely 20 to 30 times the size of your annual income and/or expense needs. 

Getting to higher amounts does seem to provide more options, but surely only if we continue to figure out ways to make sure that we are responsible in the ways that we are growing, preserving, and then perhaps later spending from our investment portfolio  whether that is strickly BTC or if it might evolve into the inclusion of other assets over the years in terms of ways to give us a sufficient level of confidence in regards to when we do start to feel that we can either draw upon the funds for expenses or other ways of maintaining the wealth and making it functional in terms of our own needs  once such wealth is achieved..


You are making some pretty BIG assumptions Winterfrost.  Yeah, sure maybe more people should be able to invest, but they just are not doing it.. and surely they are not even close to 30% so assuming that 30% is reasonable or easy seems to be quite out of touch with what people are actually doing.. which is likely hardly anything, and the more investing savvy are more likely in the 10% arena.  Sure there are outliers who invest higher, but we should not be presuming that outliers are normal.. when normal people don't do that even though maybe they should.. but then we get into mixing the what is with the what should be, which seems to be part of what you are doing in your little Winterfrost fantasy.


I would think that if someone spends 4-10 years investing 30% of his/her income into bitcoin, then they likely would not need to have as much of an emergency fund after getting several years into the investment because the investment can start to serve as the emergency fund...

When anyone is a beginner to investing, they have to make sure that they have an emergency fund, but as a person becomes more and more assets and wealth, they are going to have more and more resources in which to draw upon to address any emergency that might come.. and surely I am not suggesting being sloppy with any kind of financial management, but the fact of the matter is that rich people do not tend to easily get shaken out of their investments, especially if they have spread themselves out a bit (which is diversifying and not necessarily into shitcoin) as their investment portfolio grows...so if a person has been able to invest 6 years at 33% then that person would have 2 years worth of salary and perhaps even 3 years worth of expenses (since they live off of only 70% of their salary) saved up just from the amount put in, and if the investment or parts of it do fairly well, then there could be some bonuses in there, even though we cannot necessarily presume investments will end up outperforming other places that we could have had put our money (including out performing how cost of living goes up), which can frequently be reasons for having financial and psychological cushions in order to better prepare ourselves for a variety of scenarios.


Surely the amount is not going to necessarily be 10% for everyone, but your point still stands about not necessarily realizing the ramifications of your over doing it until some time that you might end up suffering a pretty BIG loss and then maybe not even realizing where you went wrong exactly... so yeah, sometimes there can be advantages to either being extra conservative or just moving up slowly rather than making changes too quickly and then getting yourself into a pickle (financially and/or psychologically) that you had not expected to get into.

That is not true.  There is no need to fuck around with shitcoins.

There could be some newbies to investing that might well start out by only having one investment until they get up to a certain size in which they start to feel a need to diversify.. but diversifying does not necessarily meant to go into shitcoins.

What are the thresholds to diversification might be another question, yet frequently this idea of some kind of need to diversify both distracts people from one of the best investments available (if not the best) and also may well cause them to dilute an already decently small sized budget, and it could take a while merely to establish funds dedicated to bitcoin that might be used to DCA, buy on dip and lump sum..

as well as further funds that may be needed to get cashflows in order (take care of some debt and to make sure to build an emergency fund, which should be basic investment themes that are even more important in the beginning stages than getting distracted by dumb ideas of diversification, as if getting distracted into shitcoins is going to be helpful to anyone, especially newbies... which surely many of them may well get distracted easily into shitcoins based on not really understanding the difference between bitcoin and shitcoins or even understanding with any kind of high level where bitcoin fits as in terms of its investment thesis.. which may not exactly be needed to know all of these things in the beginning even though it does not seems to help to be suggesting that there are needs to know about shitcoins more than just the mere basics of staying away from them, which means, not to diversify for the mere sake of diversifying (until maybe you have some kind of a reason to diversify).


Surely.. similar to what I am trying to say.. but you (Sim_card) said it first in response to Blitzboy... but surely it is a repeating theme, including one that Blitzboy seems to continue to weave into his posts from time to time.

You are right with the implication that 30% is a lot to be investing into bitcoin and/or otherwise saving, jossiel..

Most people have trouble saving any income and frequently, 10% of their income can be a reasonable and even a somewhat aggressive target for a lot of people (even though surely some people have more discretionary income than others and if they make a lot of money, sometimes they can live a kind of minimalist lifestyle and end up getting up to decently high savings/investing levels).  Many of the normies can make quite a bit of progress just by going from near or at 0% to 10%, and surely if they can invest/save more than 10%, then the is o.k. as long as their other financial matters are in order.

It seems to me that the longer that we are in bitcoin and probably the more kinds of activities that we are engaged in with our coins, the more opportunities that we have to lose coins.. and I am not even necessarily referring to getting involved in shitcoins, which could be another way to lose coins.  One of the good things about having had accumulated more than enough coins, the losses sometimes will just feel like a part of doing business.. but at the same time, there can be some painful thoughts in regards to how to potentially prevent the same kinds of losses - and is it worth it to go down certain paths, maybe even becoming a bit of a bitcoin recluse - and not interacting with our coins in the world, to potentially be more safe. 

I don't deny the existence of security through obscurity as one of the potentially valuable parts... and surely I still think that there are a lot of difficult things with bitcoin, and trying to figure out ways to help some of the newer folks in onboarding and practicing somewhat safe practices.. at least safe enough that they kind of have some ideas regarding how one way of holding coins might be preferable and figuring out why some kinds of practices are adding risks that might be lessened with some safer practices and better organization.

There are so many folks who don't even have a back up of their phone, and I am sometimes having trouble blaming them, but it seems that some kinds of back ups should be in practice for all of our data, even though surely the kind of data that has monetary value attached to it. and in the current subject we are talking about bitcoin serving as a kind of monetary value that is attached to data, and so the value being attached to the data contributes towards justifications to get more serious about our data, especially our bitcoin data... seems so abstract, and it kind of is, but when feeling the HLB that it can help to materialize, some of the abstractness might start to feel more concreteness.


Hahahaha.. you had not noticed the first time that OOM had mentioned the Ledger incident in order that you could bond with him over your Ledger commonality.  OOM did receive a bit of a lecture on the matter, and not sure if he might be considering switching, but if he ended up buying another Ledger then sure, he is in a similar camp as you.. not exactly the same camp, but similar.. we are each unique little flowers (doesn't flower sound nicer than snowflake?), by the way... so no flower is going to tell another flower what to do, even though "we" (the other flowers) may well choose to lecture your little fartie flowery ass.

Chart buddy Sandwich as "they" like to say

with JJG as the bread, this time.


That's another problem with memory that may well have had happened to many of us. We might use some of our passwords so frequently we don't even really know them, and there had been some times that I needed to enter a password, but it was in a different context, and I could not remember it for my life, but when I got back to my other context, and then I went to enter the password, it was like right there... it is like the difference of typing it on a computer versus maybe having to say it orally in some other place, and then it is like your fingers know it, but your mouth doesn't know it.

So the "practically etched" could surely give a false sense of security in terms of how we might not even know how we know and how we remember, but when we get into some other kind of situation, it is like we revert to some other state. like if we were a monkey (or a bot) rather than a man (or woman for that sake, are there really any women?  jajajajajaja).


You likely realize what you are doing is not really right, AlcoHoDL, but I don't really know any kind of a correction for it.  We all likely do it to some extent, and we don't really know what might trigger us not to remember some of the basics, or what we thought were basics...all of a sudden some of the basics are missing, and how many pieces do we need to have in order to solve the puzzle, and how many pieces can we afford to have missing and still be able to solve the puzzle.

I am not saying that I know, and I am not even saying that I know which things I am relying too much on my memory and maybe I need to write some things down or to go through the motions so that I don't remember them.. and how do you know that you went through the motions on all of the things that you need to know?

Yes, the other side of the coin might be writing too many things down.. and even that could become a bit of a puzzle if you write it all down in order that you remember, and then after 2 years you have written down everything, so then you go back to the beginning to review what you first wrote two years earlier in order to go through all of it... but then what happens if the way that you wrote it and the way that you think it does not really jive... so you have to stand on your head and have someone pour a diet coke on your left foot, and then you will properly remember it.


You realize that buddy does not do cents?  In other words dollars is the lowest digit, and it is not even Buddy's fault.. because around a year and a half ago, Bitstamp changed its order books so that the buy sells have to be in dollars, not cents.. .if that makes any sense?.. just letting you know... would not want to get your hopes up that buddy is going to suddenly show cents out of the blue.


My comment is: "no comment"

I had not recalled that you compromised down from 2x to 1.5x.. even though you posted such in March..


Yes.. I am remembering posts from around 5 years ago and you were talking about ways to overly complicate keys.. so yeah, I may have misspoke to imply that you actually lost coins or said that you lost coins or that you might have been close to losing coins due to overly complications.. but you likely did post something about it, even though I cannot remember exact details that might not really matter too much in terms of the point about over complication can be a way (and is a way) to lose coins...and even reasonable, smart and diligent people likely lose coins from time to time.


Exactly.. it's like de ja vu all over again seeing you say these things in your own words, rather than me trying to inaccurately parrot you..


If you think about it, one of the issues with Luke Dasher was that he had his own system, rather than following a more basic open source system that would have had probably given more protections than his have had created his own system that was probably good, but was not  sufficiently peer reviewed.. not that we have to have everything that we do peer reviewed, but it may well be better to follow tried and true basic systems rather than outsmarting ourselves with a good system that might have, like you said, one little flaw that ends up fucking up the whole thing... because once years pass by, it might become nearly impossible, if not completely impossible to resolve, especially if we don't even know the whole package, for example if two things go wrong, then we are missing more pieces that make it difficult to know the total size or if we have all of the parts.. even in the right order.


You don't want that... because remember, we talked about hypnotism... when we meet in person, I will try to get you drunk or maybe I will trigger you into some kind of an outburst in which you splurt out the private keys... hahahaha


I won't argue with you on that part.


ditto, amen.. etc etc etc. that's what I am you are talking about

It doesn't seem to me that you are saying anything different from me... even though you are saying it differently from how I said it, but our conclusion still seems to be the same, which is to emphasize investing rather than trading... even though I am accepting that some folks might trade  so I suggest a limit of no more than 10% for the very beginners and 30% for those who have been trading longer, even though surely I would not even want to go as high as 30%, but we know that degenerate gamblers (traders) will want to go up to 30% and they will even want to go higher than 30%, just like the original post stated with 50% 50% as if that were even close to reasonable.

Yeah, but we cannot go by "often" because sometimes it does not end up in "down" but instead ends up in continuation of "punishment mode" over and over and over, until so many of the shorters just give up... "We" have seen such punishment mode happen many times in bitcoin landia, and it is not easy to know when it is going to happen or whether it is happening as we are observing it.  Do you need any examples besides maybe just my pointing to April to June 2019?  

Yeah, there are other examples, so you have been around long enough to be able to point to them yourself, and regarding whether "we" might be at such a point in the cycle or not is still to be seen.. no one really knows (except maybe some folks might know that how much value that they have on the sidelines that they are going to continue to put into bitcoin and some of the rest of us might not know about their convictions in regards to their spare cash, since our $thousands or $100s of thousands or our $millions does not even come close to the levels of spare cash that some folks/institutions/governments might be willing to throw into the pot upon the development of certain price movements) until after it already happened, then we are like holy shit. .and then maybe at that point we may or may not get a correction.  I am not even saying that is where we are at, but we could be at a place in which support is sufficiently bolstered enough to be there.


I doubt that BTC price movements are that easy to describe or to predict how they will play out, but you are likely correct in terms of the need for a bit of time to consolidate before the next leg that could go in either direction, and surely even if we end up going up rather than down, there could have had been some benefits towards consolidating for a while so that when the next UP comes, then there are more shorts in place to reck.


Surely that is pessimistic to be seeing support as being so vulnerable.. but hey, no problem you can believe whatever you like.  I hope that you are not making your bets based on such... in other words, there is nothing wrong in terms fo being prepared to buy more if the price goes down, but gotta be careful in terms of either selling or even low coiners/no coiners failing/refusing to buy BTC at these prices based some kind of a belief that downity has high odds of happening (or that downity is near inevitable).

Oh my, aren't you all worked up over nothing.


I kind of wished that you would have had said "professional trolls" and "liars" rather than "trolls" and "professional liars," then at least you would have had been more accurate in your descriptive attempts at a snipe.


You are digging ur lil selfie in deeper and moar deeper.

Don't you have anything better to do?  Weren't you at least going through a prior stage of describing some of your "hot babes" experiences?  Have your hot babe experiences run dry?  Maybe the hot babes got annoyed with your personality?  or lack thereof.  hahahahahaha

Maybe work on getting back to improving your hot babe experiences, then at least you might be able to cheer up ur lil selfie and maybe even produce some off-spring, not that I should encourage such things, in your case it might be better to NOT enable you in that direction.


Ok.  don't then.. No problema.


Again, you are back to being sweet.

Can you make up your mind about whether you would like to be sweet or you would like to be the lil turd that is in your more true nature (or are you just acting like a little turd because your that's how your handlers prefer it).

Why not actually get involved with some substantive discussions of lillie fiend, rather than trying to be a lillie fiend wannabe... This lillie fiend wannabe is not really working so well for you anyhow, is it?



Sure, I might have misunderstood, but I was not presuming the use of shamir.. I was merely presuming having a seed and then splitting it into two parts.. So I may well have had been confused about what it was/is that you were/are doing.  Accordingly, I thought that they were in plain text, so maybe partially I was asking for myself, but also for anyone else who might not have understood what you meant by what seemed to have had been a back up that was split into two parts.


I tried to look up Xor but I don't really understand what that is.. I guess it is creating a hash and then reverse hash or something like that, so yeah, maybe I am missing something in regards to what you are doing since I don't really know how to xor anything... at least not so far in my bitcoin journey (or otherwise in my personal life - not that I know about.. maybe I had been XORing things without realizing that was what I was doing all this time).


Well that was what I thought was my main point...(Or question).. so that if you have ONLY one back up, then that could be dangerous, but if you have two back ups that would be better with some sufficiency in terms of different locations.. and sure none of us necessarily need to know details, but mostly inquiring upon the different locations having had been taken into account.  On a personal level I have a few different locations that I trust, but it is not like anything is exactly locked in time, and there could be times in which passwords are being updated in which the information is all located in one location. which could sometimes make systems more vulnerable when the parts are brought together, to the extent that they might need to be or if there might be some other way of updating the various parts without necessarily bringing the parts together.

So in some sense I am not necessarily specifically wanting to talk about you, but to talk about some of these kinds of vulnerabilities that any of us could have when we are either creating our back up systems or if we might be administering our systems from time to time.... including that sometimes when I am travelling, I might create new wallets and/or passwords for new products and/or services, but these might have temporary back ups that are not as adequate as my more permanent back ups, but I might not update my longer term (more permanent) back ups for several months and maybe even it could approach a year before some of the later created systems (passwords and/or seeds and/or other important information) get merged into the older (and considered to be more permanent and cold) back up password systems.

Some ways of holding coins are easier than other ways, and personally, I consider that it is not easy to attempt to stay somewhat vigilant in the ways that we are holding our keys and the various ways to try to back them up without necessarily leaving them vulnerable to others while at the mean time sufficiently preserving them so we do not lose them to our own complications and/or oversights.

Didn't you yourself, AlcoHoDL, either lose some bitcoin or maybe even come close to overly complicating some of your wallets?  Or, am I getting you mixed up with another member?  The more I think about it, I am pretty sure you told some stories of how some ways of storing keys might become too complicated, especially with the passage of time and thinking that we had sufficiently documented in order to trigger our memories, and then viola.. we are struggling to remember and/or figure it out.. so if we are sometimes struggling with our own systems, then how are we going to be passing those coins down with someone else being able to read our notes and/or fill in the gaps, even if the coins might be hiding in plain sight.

So far there is no easy solution, and it seems that it could be a while before easy systems come.. because some of us might currently be able to program our clock on our VCR (or microwave), but others struggle, and even us in time 1 know how to do it, but in time 2, we may have had forgotten how to do it, and did we keep too much information in our heads presuming that we were going to remember when the time comes.. but the time ends up being 15 years later rather than 5 years later.. where did all that time go?

I agree with you that there are some people who do happen to maintain both a trading stash and an investing stash, and how much is allocated in each would be a personal decision... Personally, I believe that any more than 30% allocated to trading is going to put a person in the wrong mindset, and there might need to be some other guidelines in place for the trader, so that s/he does not continue to deplete the HODLing (investing) stash if the trades are happening to not go very well... no more than 10% in shitcoins and no more than 30% in trading, and perhaps if someone puts 10% into shitcoins, then s/he would ONLY be able to put up to 20% into trading because there is almost no way to justify being into shitcoins as anything other than a form of trading..

And, yeah in this thread, we are not talking about trading, so in that sense, any kind of acknowledgement of trading should probably be aimed at deemphasizing it and/or giving it way less than anything close to 50/50 as if it were something that any regular people should be considering, even if we know many of them are lured and propagandized into believing that there is some kind of benefits to including a trading strategy, when that surely is not the case for an overwhelming majority of people and probably an overwhelming majority of people should start out small if they do want to dabble in trading and maybe even limit that to less than 10% of their BTC stash, and if they engage in those kinds of practices, then they will be prioritizing the right thing, which is investing rather than trading and/or gambling, but on the other hand if they feel that they learn the trading skills, then maybe they could increase their allocation to no more than 30%.. not 50%.. 50% is just crazy and probably even professional traders should not be doing that... but hey, they can figure that out for themselves, even though here, we are neither addressing the concerns of professional traders and likely we should even be de-emphasizing trading so much as to only acknowledge its potential usefulness as being a very small portion of our BTC allocation in the event we were to want to attempt to dabble in such likely to be stressful, time intensive, and even likely to be losing our money practices.

These ideas of an attacker and decoy wallets becomes quite complicated for regular people and even for people who are just trying to be practical and spend their bitcoin in various ways having some hot wallets and some cold wallets, but sometimes moving coins from hot wallets to cold wallets and sometimes the other way around, and surely maybe there are ways to mix coins and to make the decoy wallets seem more plausible, but how much time do we want to be spending on the matters of making our decoys more and more plausible. 

For example, we go through various efforts to make our decoys plausible, and then if it ends up that the attacker happens to have information about 3 out of 10 of our wallets, and we give him our decoy wallet #6, then at that point s/he has information about 4 out of 10 of our wallets... and we might not even know, until we are being beaten with the $5 wrench, about which wallets s/he has information and which ones not...and if we are being beaten, our thinking might not be as clear as we wished as it would have been under such scenario.

Surely one of the best defenses may well to be attempting to not be telling the whole world about our bitcoin wallets, and so if we are interacting and transacting, there may be ways to get used to rotating through hot wallets and decoy wallets so that there are no real ways for the attacker to really know about the other ones that may or may not exist, and so yeah, how persistent is s/he and is s/he trying to get us to give over bitcoin that we don't have.. but s/he has "good reasons" to believe that we might have more than what we are proclaiming to have during the waterboarding process.

I am glad that you did not have any bad intentions to bring up shitcoins and to engage in sloppy thinking/writing on the topic, and sure maybe sometimes it can be difficult for some newer members to appreciate the difference between bitcoin and other projects, yet there are ways to either not talk about them, but at least if you do decide to include talking about shitcoins in a bitcoin thread, then at least you would describe them in a context that mostly focuses on bitcoin and perhaps just mentions the various shitcoins as a side note.. and of course, members have differing ways to express themselves too.. and surely some members are not very used to communicating in English, so those can sometimes be reasons for mixing things up a bit more.. so don't get me wrong, johnsaributua, I am not trying to discourage members who are genuinely wanting to share their experiences and perspectives and even who might disagree upon whatever points are being discussed in the thread.. which sometimes might include the various ways that we try to accumulate bitcoin, but we might be dealing with a lot of shitcoiners in the process of being able to buy bitcoin.. maybe in peer to peer ways or with minimum levels of KYC, which also can be matters that confuse members in their attempts to figure out ways to accumulate BTC on a regular basis.. and/or the challenges of trying to buy on dip if you are dealing with peer to peer, then your peer might not like it if you are trying to strategize your buy in such a way that you are trying buy on the dip from him/her.

Perhaps your post would improve and even be a bit more topical in regards to this particular thread if you figured out how to talk about bitcoin, rather than using meaningless words like crypto. and sure there were a few times in your post that you said bitcoin and other crypto so that helps to be more specific regarding what you are talking about and you even mentioned tether, so surely there are some places in which stable coins might be used in order to potentially be more tradable in terms of being pegged to dollar values.. but still, in this particular thread we are talking about bitcoin, so you are deviating quite a bit from this topic when you refer to vague shitcoins and even describe "crypto" as a kind of market dynamic.. but your referring to "crypto" as a market dynamic is misleading since there is no "crypto market dynamic that would not be better described by talking about and focusing on bitcoin's market dynamic first, and if you still believe that you need to refer to shitcoins, at least you would be framing the matter in terms of bitcoin first rather than speaking vaguely about what you perceive to be going on

So sure maybe you find useful to be dabbling in shitcoins, since apparently you seem to have some peer to peer abilities with getting value from some shitcoins in your area.. perhaps?  .. but still many of us in this here thread could give less than two shits about your fucking around with various shitcoins, if that is what you are doing and talking about.. since this thread is about bitcoin.. and so there are probably some forum threads (or create one) that you can talk about what you are doing with various shitcoins, but here is not a good place for such slippery slope and distracting gobble-dee-gook discussions.   

That is a strange thing to say.

Bitcoin is at the price that it is at, and so usually if people proclaim that the "fair value/price" of bitcoin should be $x, then there would be some need to say what is the factor(s) that is (are) keeping bitcoin from being $x. which is about 2.353x higher than our current prices.

You just have a feeling?  or are there some factors that are interfering with bitcoin being that price?

you should likely realize that there are not too many good answers to my questions (because it calls for the suspension of reality - of what actually happened and maybe why the BTC price happens to be where it is at right now), and which is part of my criticism for your proclaiming that BTC should currently be at $80k-ish rather than at its current price of approximately $34k..

You cannot merely toughen your way out of this problem that you seem to have had rightfully identified.

If someone is poor as fuck, then if their investment goes up 2x they may well think it is amazing, and if they are able to hold until a 10x comes they might not be able to resist selling too much too soon. 

The formula to deal with being able to hold is likely going to vary from person to person in terms of their figuring out position size and maybe even buttressing their bitcoin investment with other investments, so it might not be a bad thing to shave off some bitcoin profits at various places in order to NOT have too much value in one place, especially if bitcoin might have ended up being their only investment. or if they just have a limited number of investments, there may be some ways that they have to figure out how to be able to deal with some level of moderation.. which also might include just continuing to hold the BTC but investing smaller amounts or directing new cash that comes in towards other investments or just savings in order to be able to buy more BTC on dips.. and where those thresholds are will not be easy, and I would not even suggest that their solution is toughening up.. because they might actually be in a position in which they need to diversify in some kind of way (which might involve some selling of BTC) in order to NOT be so drawn towards withdrawing (selling) too much too soon.


I cannot disagree with you on this point, and some investors will be lured into thinking that they need to trade - which an overwhelming number of people do not have very good trading skills, and there might even be too much luck involved with trading so that in order to make trading into a skill rather than luck, there has to be quite a bit of planning that goes into the positions that are taken.. .. .. but at the same time, there could be some ways to sell small amounts on the way up to offset inclinations of trading, but another way might be to just shave back on some of the accumulation during high price rises in order to use that money that otherwise had been invested into bitcoin to either buy on dips or to just let it build up in order to not feel so compelled to sell the BTC that is held and might be going up quite a bit in value and even fluctuating a lot in value, but if someone has a decent amount of cash (or other kind of value on the side that is not fluctuating as much as the bitcoin price, there could be some assurance in having that option on the side).

I don't mean to pry too much, but what happens if something happens to your wallet, so then you go to use your seed (hypothetically, maybe you had not accessed that seed for 3-5 years) and then once you try to retrieve your back up seed and put the two pieces together, one of your two pieces of paper is missing, damaged or otherwise not sufficiently readable?  

What I am getting at is that I hope you are not just relying on one back up.  

Another question would be if your wallet and its back up happens to be in the same house (or location) at the same time.. what if your house burns down? or gets hit by an asteroid (alien spaceship) and completely destroyed?   In this second scenario, you had both your regular and your backup destroyed at the same time... and that could also be a problem of having ONLY one back up, and I am not really opposed to having one of the back ups in the same building as the wallet (the primary), but there seems to be a need for some kind of locational diversity, even if it might be a separate building on the same property... but yeah, some folks might feel that they don't really have second buildings, and so maybe those people might get stuck with some kind of safety deposit boxes which ends up being a bit of a hassle since almost two safety deposit boxes might be needed unless there might be some ways to disguise the backups in plain sight.. which I would suggest is not an impossible task, even though it could end up in confusion for anyone who might not know the instructions for how to untangle the puzzle.

By the way, none of my questions are meant for you or anyone else to provide specifics regarding their own practices, and/or even if there might be some family members involved, there could be a kind of system in which a family member agrees that I am holding something personal in their filing cabinet or their safe or in one (or two) of their books or something in which, they might need to know not to throw away or to destroy, in the event that I am not visiting them on a fairly regular basis to be able to ensure that the location and/or the contents of the location is not messed with.


ah ha!!!!!!!

I see an admission, there.  


If true, that seems neither "sweet" nor unusual enough to be pointed out as any kind of a "gotcha."

Please

'splain

selfie.

That surely could be one of the factors about $5 wrench attacks coming from a private party or maybe even from an institution or a state.  The attacker might believe that they have uncontroversial information about the existence of 5 wallets, when ONLY three exist, so no matter what the BTC HODLer strives to achieve, he may well find himself in an impossible situation in which he is likely going to get beaten over and over and over based on the wannabe know-it-all's wrong information.