JJG, I’m on about a bit of fun money, 4 figures in USD. I would never, ever, ever risk a serious amount of corn on leverage which is essentially gambling.
Hopefully we don’t dip more any way. Be interesting to see what happens tomorrow.
You likely realize that a lot of my tone was not directed at you personally because I already suspected that you were likely not even have been monkeying around with a very large percentage of your overall BTC holdings/value.
Another thing there are some guys who might appreciate that even 1% of their total BTC holdings/value is now adding up to a whole hell of a lot of money, so maybe they might not even want to monkey around with that amount of BTC holdings/value.
Maybe I should ask you on a personal level if you had ever even imagined having such as state of mind about bitcoin in terms of our having bounced between $28.6k and $65k, and largely a lot of us longer term HODLers are considering these areas as potential consolidation areas.. for surely, you had some nervousness in regards to whether $28.6k was going to be the bottom of this consolidation range, but even only a few years ago during our correction in 2018 there were quite a few of us
(not really sure if I was largely in that camp, but I was not completely out of it either) who were having some regrets about NOT selling more during the 2017 price run, and sure there were some of us who might have thought that we maybe should have sold 70% to 100% of our stash during that price run.
I will say that on a personal level I might have sold 12% of my stash, so maybe I was considering that it might have been nice for me to sell larger amounts, such as up to 20% or 30% and then bought back lower. Now some of those same people who had been more inclined to sell over 70% to 100% of their stash are struggling with even conceiving themselves to sell more than 50% of their stash.. .. and sure, even if they might be willing to sell more than 50% of their stash, they are not so easily convinced that there would be value in selling more than 70% of their stash.. too much risk in something like that, even if the price might end up correcting down quite a bit after our upcoming blow off top... whenever that might peak.. whether at the end of this calendar year or if the blow off top ends up dragging out into sometime into 2022.
I sold nothing in 2017 (apart from all the fork coins). I felt like an idiot for quite a while, missing out on life changing money at the time, not knowing if/when it would return. Luckily for me, my greed or idiocy in 2017 has served me well as I’m sure you can imagine, looking at the price today.
I sold 6 on the way up to the ATH this year. I actually managed to buy them all back on the way down to 29k & still have over six figures in fiat in my bank account.
Initially I was planning to sell quite a lot of my stash during this bull run (laddered sells every $5,000 from $50,000 to $160,000 if we’re lucky enough to go that high or higher). After much thinking, there isn't much else to put your fiat in is there. I’m mid 30’s, there’s certainly no point having vast amounts of fiat in the bank is there. I plan to sell possibly 30% (which is still a lot of money as you can imagine) & invest a bit in property & the S&P500.
I’ll have more than enough cash aside too which will get me through the next 3.5 or so years until we start the ascent in the next bull market.
I don’t want to sell 75% of my stash at maybe $100,000 & see $700,000 per coin or something in 2025.
Playing around with big money is not easy, is it.
We are an elite band of gentlemen, our decisions will shape the future of our family bloodline.
Show Posts
