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761  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: March 15, 2024, 02:00:55 PM
40 days in the books for me since starting this challenge. That’s 4,000 push-ups! I’m glad to see Bitcoin rallying so hard with the hope that we will soon be able to declare victory over this challenge. With a little luck we’ll get there before the halving so we can all get some much needed rest for our muscles.
Just 10 days for me.. In a very short time I have tried to make some variation in my quality of life, although I have increased my push-ups but only slightly.I'm a bit fat so it's hard for me..actually I'm doing 6 push-ups, 2 times a day, afternoon and night. Just I going to walk in the morning. I'm feeling nice participating with you, I haven't lost weight yet but I hope it will if I do regular push-ups.

You started this thread with a push-up of $100k of bitcoins with a good will and I think your aim was initially successful. Now bitcoin price is going up and down from $70k to $72k...maybe it will take some time to reach $100k...I think if the price doesn't reach $100 a in this session then you can open 2nd session again or next 3rd session..Just like we can't do 100 push-ups at once, splitting the session. You can split the session too.

I just shared my idea.

It is good that you are doing something rather than nothing, but it seems that you need a certain number of reps for each of your sets and then maybe even adding more sets per day, and I am not sure how you get that, because 2 sets of 6 pushups in a day do not seem like very many.. .. and maybe there could be ways to do modified pushups in order to get more reps.. if you are not already doing modified pushups in order to increase your reps.. and maybe work up to 3 to 5 sets per day or something like that.. and maybe add 1 more push up to your sets every few days.... If you are doing full body pushups and ONLY getting 6 pushups, then that might be too much strain on you body, and so it would be good to work up to a set of 10, even if they are modified... 3 to 5 sets of 6-12 pushups per day might be really making progress... and so that would be 30 to 60 push-ups.

In contemplation of your goals and maybe how much weight you are pushing, this article has some suggestions regarding number of repetitions and sets.

Quote
If your objective is strength or power (think: heavy lifting), the textbook advice is to perform 3 to 5 sets of 2 to 6 reps per exercise. For hypertrophy (building muscle), the sweet spot is 3 to 4 sets of 6 to 12 reps. And if your objective is muscular endurance, shoot for 2 to 3 sets of 12 to 20 reps.

The article talks about adjusting the weight to meet your goal, and of course some of our considerations in this push-up challenge may well be a little bit different since some of us are spreading our sets of push ups through the whole day. My own reason is that I get tired, but surely some younger whipper snappers would be able to do their 100 pushups in a few sets, and they might not even need to spread out their sets very much and get their 100 pushups within an hour...

Many of us seem to NOT be in that good of shape, and we are not necessarily young whipper-snappers, and so yeah there could be a question of priority too if you are combining other exercises with your pushups because if you are just building up from a state of not doing exercises and then now you are doing daily exercises, you don't want to overdo it since if this is mostly a daily routine and we should want to stay in the game, at least until $100k.. and maybe if we build up some good habits some of us might want to continue some variation of daily pushups, it would be good to have some pushups in there every day and maybe some attempt to emphasize push ups and maybe trying to get up to more than 20 per day in order to work towards getting to 100 - even though for some of us, it might not be possible to get to 100 per day any time soon. so we just do what we can, while hopefully continuing to build ourselves, without overdoing it..
762  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 15, 2024, 03:36:04 AM
Poor again.
oh well.

Dinner....

It’s over. Seriously though, it’s funny the way human behavior works. I too am sad seeing this drop and it feels like the end of the world. However, it’s important to remember that we just dropped 4 days worth of gains. That’s basically nothing. We’ll see where it goes from here, but I don’t think we’ve come close to the high of this cycle yet.
I calculate it as a 7.1% drop from the top to the bottom (that is $68,555/$73,794.. that maybe took 13-14 hours to play out....

.. yet a so far recovery our recovery 4 hours later is right around 4.15% which would be $71,400-ish/$68,555.  Yeah the numbers do not mean the same thing when measured on the way down versus on the way back up. and yeah maybe this recovery is going to be a fake out and we are going to have more droppening.. but still.. wake me up when we get some correction that is either deeper and/or more sustained.. maybe more than 12% would be interesting (or worthy of news) and maybe lasting for a day or so rather than a few hours... that might be helpful to any potential DOWNity thesis.
chartbuddy    has   45880 posts
philipma1957 has   44992 posts

grand total of 90872 posts

when honey badger tops us?

March 2024
April   2024
May.   2024
Later then may?
never?
Of course, both of you are going to keep posting, so it is a moving target, so I am thinking May-ish.. but yeah, you never know... we could get a blow off top (meaning a period of temporary overexcuberance) that crosses above such threshold in April.. I have a hard time with it happening this month.. maybe giving it less than 22% odds for this month... but still nothing to sneeze at - up to 22% odds for this month.
As much as I want to predict this I am not jinxing it by predicting it.

I hope it is soon

I mean if we are given five choices, which you have given, then we try to guess the most likely to happen.  You have covered all of the possibilities, so maybe we could boil them down to 100% and assign odds to each one.  What is wrong with that?

Here's my ballpark off-the-cuff attempt to assign actual probabilities to each of the choices (based on current data and my own thinking about the matter).. .which currently shows May with the highest results.. but what the fuck do I know?

March 2024 - 17%-ish
April   2024 - 24%
May.   2024  - 29.5%
Later then may?  28%
never?  1.5% or less

Total = 100%

Please note that earlier I had assigned 22% odds to March, but now after I filled in the whole spectrum of possibilities, I had to down grade my own assignment of my own March numbers from 22% to 17%-ish, so I filled in the other possibilities for each of the answers to make them add up to 100% in total.. and then also to show how I resulted at May 2024 as the highest probability...

You will also see that my May results are not even greater than 50%, but if you add up all of my numbers for March, April and May, I am probably giving too high of odds because they add up to 70.5%-ish which seems a bit outrageous when I think about if that is even realistic to have that high of a probability assignment to such a thing.. but for now, I am going to stick with those numbers..

I have no problem being wrong and I am now thinking that I might be overly bullish with these actual numbers.. especially since life is full of surprises, yet I am doing my best based on what is in my thinking at this particular moment based on a scenario that you presented that already shows that it contains all of the possibilities so whatever we do, our numbers have to add up to 100%.

Bitcoin is still volatile in both directions...sigh.
Nothing unexpected, though.
Now, in addition to somewhat crooked exchanges and overleveraged retail, we have WS traders on IBIT.
They would probably jerk it up and down 5-10% every day.
From their perspective, 5% down, then 3-7% up beats "boring" 2% down/up.
I am trying to control my emotions by looking only at the BIG picture, which means to ignore daily volatility and check only the weeklies chart, leaving it to @JJG to check on the 200 wma  Cheesy

No need to worry.. bitmover has helped me and helped everyone else who is willing to attempt to help themselves.. including uie-pooie to make it easy with a tool that compares the location of the BTC spot price with the 200-WMA.

Yes, your lil snide remark in regards to the supposed importance of BTC's spot price will not go unnoticed, and if maybe you were to focus a wee bit MOAR better on the 200-WMA, you would be able to use that information as a kind of chill pill.

Remember that almost always dee cornz is filled with volatility (it is one of the closest things to inevitable that we have in bitcoinlandia), and furthermore what else should we expect in the midst of a war that involves that we are in the relatively earliest of stages of the greatest wealth transfer so far known to mankind.

In other words:  Get a grip... and calm down.


https://www.reddit.com/r/shittymoviedetails/comments/11gwirl/in_the_film_airplane_1980_theres_a_joke_where_a/

hahahahahahaha

we ded?

Maybe this is the correction that dragonvlinux was trying to warn us..?  
763  Economy / Speculation / Re: Top 20 days for Bitcoin on: March 15, 2024, 12:39:26 AM
Big drop, all the way to 3rd place.

Now we have a whole week of top days... top week.

I think it is all still running pretty damned tight, and look at how close between 2nd, 3rd and 4th places... and I am somewhat happy that we did not end up revisiting and filling in the $70k slot, since it was looking like a possibility for a while earlier today if we would have gotten some more correction that might have had been even lower than the $68,555 that ended up being the local bottom.

And please note that the volume of trade seemed to have had been quite a bit higher during the period of the correction rather than since the recovery - which seems to have been playing out more as a trickling back up (in terms of trade volume)... which tends to support the idea that those who are trying to push the BTC price down are not having a lot of success to get others to follow them in terms of dumping coins (since we know that when a lot of coins are dumped at once, that is not an organic play but instead a smaller number of actors).. so if they are trying to be profitable and somewhat sustainable, then they have to try to buy back the corn that they sold during their attempts to push the price down.. which may well end ups costing them more money than they would like to spend on such an attempt to get the BTC prices to go down and to stay down.
764  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 15, 2024, 12:25:22 AM
Poor again.
oh well.

Dinner....

It’s over. Seriously though, it’s funny the way human behavior works. I too am sad seeing this drop and it feels like the end of the world. However, it’s important to remember that we just dropped 4 days worth of gains. That’s basically nothing. We’ll see where it goes from here, but I don’t think we’ve come close to the high of this cycle yet.

I calculate it as a 7.1% drop from the top to the bottom (that is $68,555/$73,794.. that maybe took 13-14 hours to play out....

.. yet a so far recovery our recovery 4 hours later is right around 4.15% which would be $71,400-ish/$68,555.  Yeah the numbers do not mean the same thing when measured on the way down versus on the way back up. and yeah maybe this recovery is going to be a fake out and we are going to have more droppening.. but still.. wake me up when we get some correction that is either deeper and/or more sustained.. maybe more than 12% would be interesting (or worthy of news) and maybe lasting for a day or so rather than a few hours... that might be helpful to any potential DOWNity thesis.

chartbuddy    has   45880 posts
philipma1957 has   44992 posts

grand total of 90872 posts

when honey badger tops us?

March 2024
April   2024
May.   2024
Later then may?
never?

Of course, both of you are going to keep posting, so it is a moving target, so I am thinking May-ish.. but yeah, you never know... we could get a blow off top (meaning a period of temporary overexcuberance) that crosses above such threshold in April.. I have a hard time with it happening this month.. maybe giving it less than 22% odds for this month... but still nothing to sneeze at - up to 22% odds for this month.
765  Bitcoin / Bitcoin Discussion / Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 on: March 14, 2024, 11:35:56 PM
El Salvador is a fool for doing this. I highly suggest everyone to sit back and watch how this country will crumble because of Bitcoin. Encouraging Decentralised currency and making it tax free is not a good idea at all. There are so many things wrong with this but I seriously can't be bothered typing all that but anyone smart enough and knows how the world works will surely know what I mean  Smiley

People here are not going to know what you mean, unless you explain how you happen to be so supposedly smart in regards to the soundness (or lack thereof) of El Salvador's finances.

If you are making extraordinary claims then you need evidence (perhaps extra ordinary evidence), and more than just mere assertions of supposed logic that is based on your feelings about how the world supposedly works.
766  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 14, 2024, 07:11:26 PM
Gambling, speculating, investing.

Gambling on one end is the equivalent of throwing a die in the air and hoping it lands where you want it to. In contrast, investing is buying an asset that you can logically justify has a chance of increasing in value over the long term, all while accepting a level of risk that you consider reasonable.

Putting money into crypto assets is speculative at this stage as it holds characteristics of both gambling and investing.

One can justify that certain crypto assets have a chance of increasing in value over the long term. For instance, if mass adoption were to take place. However, gambling categorisation comes in because significant blindspots don't allow individuals to adequately consider the level of risk, such as how governments will choose to regulate crypto assets and which crypto assets (If any) garner mass adoption. These unknowns can have significant impacts on pricing.

I hope this helps us to understand the difference that when you hold bitcoin and when you stake bitcoin

You sound really lost.

Are you sure that you are in the correct thread?

Yeah, your last sentence shows that you are not afraid to use the word bitcoin, yet other than your actual use of the word (twice), you are not showing yourself to have much of a clue in regards to what is bitcoin, beyond what a mainstream pundit or a bot would garner from reviewing various mainstream sources.  So yeah, maybe if you were to spend 50 hours or more studying bitcoin you might start to get a bit of a clue.. perhaps? perhaps?  Sometimes it takes a bit longer, especially if you are starting out with a lot of bad information and trying to present yourself as if you actually know something about bitcoin.

to be fair the current strategy of someone who acquired coin at sub $1000 usd will be somewhat different in someone who entered at $60k.

but the main part.. the hodl part.. thats the important part.
You are right. Different individuals with their own unique strategies.  

Whatever happens, the mantra is hodl until forever ends which is the the individual's point of satisfaction with their asset accumulation.

Those sound like dumb and/or short-sighted approaches to personal financial management, especially when bitcoin accumulation is in the mix.

Generally speaking, BTC accumulation is the first stage, so you should be accumulating until you have enough.  I suppose HODL is contained within that concept - but the more important thing is continuing to build by ongoing buying...

Once you have enough, then you have more options, and sure there might be a period in which you are neither buying nor selling, but you just have enough, and maybe that is a kind of HODL.. HODL until the time comes to start to sell some, whether it is selling as the price goes up or selling on a regular basis, and perhaps even buying on dips.. but without necessarily significantly depleting the value of your BTC holdings, even though at some point you will go from a point in which your BTC holdings are going up and the maybe some later point where they are flat and then even later when your BTC holdings might largely be going down because you are spending from them.

Surely the pattern does not have to play out the same for everyone, and so there could be folks who have ever increasing flows of fiat that they could spend from sources other than their bitcoin - yet at some point there does seem to be some logic in spending some of your BTC, especially if you may well recognize that you have overly accumulated it.

Shit coins are equivalent to gambling and gambling is for losers. One can invest few bucks in shitcoins for fun but real focus and most of your capital should be going to Bitcoin alone. 1 bitcoin is difficult.
Investing in bitcoin is also gambling.
YOUR RIGHT!

Only your the HOUSE.
If you are the house the odds are in your favor.

If you are gambling the odds are against you.
"The odds are in your favour" is IMO quite an understatement with regards to BTC.

The ongoing persistent spot price volatility seems to cause a lot of confusion in regards to a wide-spread failure to recognize/appreciate bitcoin's value proposition.. and so many of us who have been studying the space for a while portray signs of dumbfoundness in regards to how so many normies don't seem to get it (literally and figuratively).

Been doing that everywhere lately, not sure if lazy or mind is just too old.

No more riding motorcycles into trees?  #askingforcontext
767  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 14, 2024, 06:04:40 PM
So close to a new ATH.

We touched $73679 again but didn't pass it.

Soon.
Shit coins are equivalent to gambling and gambling is for losers. One can invest few bucks in shitcoins for fun but real focus and most of your capital should be going to Bitcoin alone. 1 bitcoin is difficult.
Investing in bitcoin is also gambling.
Getting out of bed is gambling.
^ This. And I might add: Even NOT getting out of bed is also gambling. Every fucking decision in life is some sort of "gambling"... and there's nothing wrong with that.

... Then there is the distinction between degenerate gambling vs rational gambling... but that's a different matter I CBA to discuss now... Those that know, know.

I hate to get caught up in any kind of argument that is devolving into semantics rather than meaningful attempts to assess differences in the kinds of risks that any of us might take in the way that we allocate value, whether we are choosing long term investing versus shorter term plays that might be trading and/or gambling (depending on how they might be played).

Just because everything can be assessed in terms of risk, that does not mean that everything is gambling, but yeah there are gradients, so that one persons assessment of probabilities of upside and/or downside may well end up being different, and one of the things that can come with investing and/or trading is a kind of lopsided investment that might ONLY measure the upside possibilities, and then that may well end up skewing behaviors into more risk taking than might otherwise be realized if a more thorough assessment had been made.

Don't get me wrong, I am not even against gambling, trading and/or taking some risks - even in terms of the employment of some investment strategies, yet some of the risk taking would likely be moderated by position size, if there had been some assessment that certain kinds of allocations might be on the risky side.

Maybe just to reiterate part of the reason this area of inquiry came up is within a context of comparing bitcoin and shitcoins, and so maybe some of us (including yours truly) becomes further triggered when there seems to be attempts to equate bitcoin and shitcoins, even though there are aspects of commonality between them, yet at the same time in this thread, over the years, we have had to express a lot less tolerance to bitcoin denigration that relates to shitcoin pumpening because such tolerances leads to just a ongoing slippery slope of never ending attempts to suggest which shitcoin might happen to be less shitty and potentially worthy of investment... which even if there might potentially be some good arguments, we are still devolving into off-topicness and opening too many cans of worms when even attempting to entertain those lines of reasons... so in that regards we are frequently better off with quips to "just say no" to shitcoins rather than potentially engaging in any arguments of subtle distinctions between shitcoins and bitcoin in the event that such at thing theoretically were to exist.



Shit coins are equivalent to gambling and gambling is for losers. One can invest few bucks in shitcoins for fun but real focus and most of your capital should be going to Bitcoin alone. 1 bitcoin is difficult.
Investing in bitcoin is also gambling.
Very not like gambling….
Investing is USD is not gambling as well. Surely, you will end up losing money.


For sure one of the things that we know about the dollar is that (so far) it has tended to lose value at a fairly steady rate, so it is not as volatile, yet at the same time we know the trend is down based on the way the whole system is designed around it.

So yeah, you are right, investing in the dollar is not a gamble, since the rate of loss is pretty steadily known.. even though there might be some short periods of greater or lesser loss.

Of course, we should realize by now that bitcoin is the opposite of the dollar, even though it remains quite volatile based on both how new it is and also some of the battles around its adoption... but yeah, not everyone knows about the price direction of bitcoin that many of us have figured out and some of the ETF oriented folks are starting to catch on, even though some of them might not realize the value of holding your own keys, yet.. .. but at the same time, a large part of the whole underlying value of bitcoin is the ability to hold your own keys - and so more and more folks will learn about that with the passage of time, even though the ETF still do not have a clear and direct path to transition from their custodial holding of the BTC versus being able to "in kind" transfer over the BTC to any person who might want to convert from third-party custody and into self-custody.
768  Economy / Speculation / Re: Buy the DIP, and HODL! on: March 14, 2024, 04:45:04 PM
Before I got into the digital asset space, my uncle was going on and on about having this shitcoin and all that. Trading was his thing and he was in more valleys than peaks, and HODLing didn't make any sense to him. Well in Bitcoin, HODLing is how to do it.
Everyone is always stuck to his level of understanding about something, until they see someone that will bring them to limelight. and I think you will be in a better position to tell your uncle that trading is not profitable. You must prove some important fact to let him know how important holding is. although I know it might be difficult to change his way of doing things or perspective. But it's a matter of choice. Like me initially when I came to this forum newly I came with the notion of trading and holding shitcoin hoping for a greater days ahead not knowing I was waiting for worst days ahead. And as time passes I realised I was fooling myself all around this year's. Untill I started holding bitcoin . Although I nearly gave up on bitcoin when the price has dip, I would have even sold it off. but as I was coming to this thread I was motivated to keep HODling which I did. Now my btc portfolio is growing impressively and am happy as a holder and I have regretted not using the money I used to buy shitcoin those few years to buy Bitcoin, by now I would have made more profit than ever.

The emergency fund is also another important thing. Life some few days ago I had an emergency call of my sister in-law who was critically ill and was rushed to the hospital, there was no money to commence treatment, no body had emergency fund with them for the treatment to commence so I have to use my emergency fund to take care of the bills without touching my bitcoin HODLing till she came back from the hospital, everyone was asking me where I got that amount from? I was just saying its the lord doing. Where as it was my emergency fund. I now realise the true meaning of emergency fund and how important it is. I am looking up to receive my weekly payments to still replace my emergency fund let it not be dry to the extent of touching my bitcoin holding when it's not yet time for usage.

That can be part of the problem and the dilemma of actually having money because there are so many folks that are not very responsible with their own money, and they have no reserves, and when we build up a bitcoin investment - not only do we end up having money in bitcoin, but then we need to maintain an emergency fund and reserves so that we will not have to dip into our BTC investment.. so it could be a bad thing to deplete your emergency fund based on something that might not exactly even be your own emergency, and then end up experiencing your own emergency prior to your being able to replenish your emergency fund... .. so yeah a lot of times it can feel as if th e emergency fund, reserves and float are just sitting around and not really doing anything.. but then all of a sudden when you need them, then they can surely end up coming in handy.
769  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: March 14, 2024, 04:33:30 PM
To me I am already becoming tired of the push up. I don't know what is wrong with me, I am just being lazy this days to meet up to my daily target per day, but each time I come to this thread I see that people are very much active on the push up challenge, it gives me the impression to still further more because it is good for the health. If it where not for the motivation of people a lazy fellow like me could have quited lolz.100 push up all the way!

Maybe you are trying to do too much?

In the last few days, my number of pushups per day have been coming down and also the number that I do per set is coming down, and I still feel very sore, so I am just trying to adjust to a period in which my total number of push ups is going to be lower until I might start to feel more energy to do more pushups... I still have a daily average of 135 push-ups per day, so I do not feel that I am short-changing myself, even if my average also ends up coming down.

So other guys who might be doing 40 or 50 pushups per day, it would be difficult to consider that number to be too small, even though sometimes guys might have to split their pushups into more sets per day.. and I am not sure if it would be a good idea to have more than 5 sets in a day.. even though guys could differ in that kind of a judgment, so we can consider 3-5 sets per day as a reasonable goal... with my own continuing to be 5 sets per day, but I could see that if I might feel busy on some days I might want to do fewer sets and so even 3 sets in a day seems acceptable.. especially for any of us who are continuing to do the pushups daily even if our quantity might not be at exactly 100, we are doing an amount that feels reasonable and/or meaningful to our own situation.

[edited out]
You are right! because when you start something painful like push-ups you will feel a lot of pain in your body which is excruciating. In this case you can take some break, 1 or 2 days it can be very good for you, the next days start push-up. as me.
You can continue doing morning and evening push-ups in 2 steps, I pumped in the morning and evening and was able to complete 26 push-ups today. It's great improvement for me. And physical improvement will take 2 or 3 months, first it will have negative effect on your body and when you continue daily then you will see your improvement. Even the people around you will see your physical improvement. But in this case you have to stay on push-ups for 2 or 3 months every day.

If there is a goal to try to stay on track and to try to stick with the challenge, then I don't see any reason to completely skip push-up days, unless maybe you are injured.. but maybe just do 1 or 2 sets of push ups in the lower days.. just to push yourself in terms of continuing to make progress and building and to stay on schedule and in the spirit of the push-up challenge.  

For example, there have been several mornings that I had tried to do my first set of pushups somewhere between 8am and 10am.... and so I was considering doing my first set today at 9am.. but I felt sore and I did not really feel like doing them, so I waited until 11am and then I did my second set at 12 am.. .. so I am feeling a bit better now, but I am still keeping a little bit lower quantity of push ups.. and I will see how this goes over the next few days and to see maybe if I might start to feel that I can start to increase again, or maybe I will just stay at a lower quantity of pushups per day.

By the way, reading some posts in this thread. also inspires me to make sure to keep doing pushups every day.. it is almost like having a work out partner that makes you go to the gym instead of skipping that day in the event that you did not have a work out partner.
770  Economy / Speculation / Re: Buy the DIP, and HODL! on: March 14, 2024, 03:47:08 PM
.... disciplining oneself to have a good psychology, inorder to build a good portfolio .
I think that if you are able to put your finances in a comfortable place, then you likely do not need as much discipline regarding the psychology, and the psychology will follow from having your finances in good order, and also psychology follows when you have built up a good sized BTC stash and you are in profits.. but until you get to that point, your building of your financial systems should be helpful in terms of giving you peace of mind that strengthens your psychology.. since you will more likely have systems in place in which you are prepared for the BTC price to go up or to go down or to go sideways.
this is absolutely true.
At every stage of your Bitcoin accumulation journey, there are major factors that could stand to bother you.

At the start, it's more of sorting out the right plan to work with which is basically a function of  your financial strength and you might just need to decide if you're financially strong enough to buy in bulk or settle with the DCA method and when doing this, there is really no need to bother about any sort of emotional or psychological whatever. You have to face the visible fact that your finance is either strong enough to buy in bulk or isn't.

At the point when you've accumulated a good amount of satoshis in your portfolio and then the market is bullish and you're also at a good profit, this is when you've got to work on your emotional and psychological prowess that will help you become disciplined and patient enough to building a good portfolio. It's not always an easy thing to keep your emotions in check when you're in profit and what some persons would normally do is to sell out some of there holding and reinvest it whenever there is a DIP. But the issue has always been if the market will go as DIP as they would normally expect it to and the obvious answer is , even if it doesn't, as long as you're buying to hold for much longer period of time, you're definitely going to be in profit.

Those are some good points Winterfrost, including that the very earliest stages would be setting up a short term plan that is largely just focused on establishing a kind of initial stake, and perhaps getting other aspects of your financial life in order - since any kind of investing is likely going to cause us to have to be more disciplined with our personal finances, while at the same time if the asset class is very volatile (and even controversial) such as bitcoin, there is even more needs for making sure that your financial house is in order while in those initial stages of building.

So then at some point further down the road, there may well come various temptations regarding whether there might be some advantages to trying to sell some of your stash and to rebuy, and these kinds of temptations can come, even when guys should be clearly in their fairly early stages of building their BTC stash - yet since each guy enters bitcoin at a different point in his investment (or life) journey, he is likely going to be faced with the dilemmas at points that cannot be classified very clearly, yet I would still contend that if the guy does end up concluding that it would be good to shave off some BTC with hopes of buying back lower, that he is only leveraging with relatively small portions of his overall stash and that he stays focused on accumulation through ways of buying, even though there could be some situations in which selling some might be a good hedge (while balancing and realizing at the same time that he might not be able to buy back the sold BTC at a lower price).

[edited out]
Yeah I gat this point correctly,  that is having a certain level of preparedness in terms well planned funds allocation and being much ready in taking the necessary measure as regards to balancing up with your investment in terms of when the price is goes down  and when  the price goes up in order to ensure you are accumulating good size of Bitcoin in your portfolio and seeing that your overall is in profits, that is true when an idea investor takes an appropriate measures in his accumulation process he has the rest of mind needed to grow his asset.

There likely will be times in an investment that it might not be clear whether progress is being made - especially a guy might be continually buying, and maybe even over 6 months to a year or even more, it seems that the value of his investment is going down rather than up (as measured in dollars), so he could become disoriented and disenchanted by those kinds of dynamics - but at the same time, he might see that his BTC stash size is continuing to go up and maybe even his cost per BTC is continuing to go down, which should cause him satisfaction even during the seemingly tough times that might not even be clear if they will resolve - since we also know that there is no guarantee that bitcoin will recover from every crash, so we have to be prepared for those kinds of possibilities, even if we still assess bitcoin as amongst the best of investments (if not the best of investments).
771  Bitcoin / Bitcoin Discussion / Re: HODL bitcoins, you can do it! Look at HODL camp map to build up strong hands on: March 14, 2024, 02:45:13 PM
Maybe a formula that I would use to determine if you have enough bitcoin would be to consider what is your annual expenses in the standard of living that you would like to enjoy and multiply that by 25, and if your BTC stash (as measured by the 200-WMA) is within 75% of that amount, then you likely are at the entrance level of having enough which means that you are likely ready to start to employ some kind system in which you are drawing upon your bitcoin stash, whether merely on price rises or maybe you want to just start to withdraw regularly on a monthly basis.. or some other period that is comfortable for you.
👍
A simple guideline that's modifiable to meet the requirements of each individual.

Maybe if anyone likes the above formula, then i could give a specific example to attempt to flesh it out.  Let's say that a person has been investing into bitcoin for several years, so he has already built a BTC stash, and he would like to get to passive income of $3,000 per month, and so that would mean that the ONLY thing that he has to do for the income is just to keep track of the accounting.  No more need to do any work for that money, so any extra work would be optional because he has considered $3k per month to be enough.

That is $36k per year (12 x $3k) and if we multiply by 25 that would be $900k, and if we multiply that by 75% that would be $675k.  If we look at the 200-WMA right now, then coincidentally 21k BTC would meet those requirements.  You can see that here.  Depending on the BTC price, you could choose to just start to withdraw $5k worth of BTC per month, and the amount of BTC would vary between 4% currently and maybe even 10%, and I personally consider those numbers to be sustainable as long as we would be using the 200-WMA as our way of valuating our BTC, and if our withdrawal rates are low, the dollar value of our holdings (in terms of the 200WMA) will continue to go up, even though the amount of BTC would continue to go down from continuing to draw upon it.

Now the other thing is that if you do not currently have 21 BTC and you consider that you might never be able to get to 21 BTC, then you would merely have to project out into the future (and you can use my entry-level fuck you status chart for that - to see how the 200-WMA/Bottom is projected to move up), and so in one or two years, you would likely ONLY need around 10 BTC to achieve the same results.. and so far in bitcoin the amount of BTC that you need has continued to go down, so it is merely a matter of figuring out your target amount and your target timeline, to keep building towards being able to potentially get to a point where the paths of both quantity and time cross over.

There are no guarantees, but continuing to work in a certain direction allows for the possibilities of increasing your chances in which your timeline and your quantity of BTC will cross over to a high enough amount for your personal situation.

I advocate that holding bitcoin is the safest way to invest, but I am not saying that it is the way to make the best profits. Just because you like safety with moderate profits doesn't mean everyone likes safety and peace as much as you do. Each person has different investment preferences, strengths and skills. I have been making profits from trading and using those profits to reinvest in many different projects. So why should I stop trading just because you and some other people are not making profits from trading? DO NOT imitate others but also do not impose your thoughts on others.

Why do people who cannot make money from trading start thinking that it is not a good investment method? Just like altcoins, many investors are profiting from altcoins, memes... while bitcoin maximalists go around saying bad things about others. Would doing so help us deliver better returns than those investing in altcoins?

Investing and trading are not even close to being equal, and so trading and getting involved in shitcoins deserves to be bashed, especially since an overwhelming number of normies are going to be way the fuck better off to not get involved in trading, but focusing on building their BTC stash through various forms of buying, whether DCA, lump sum and/or buying on dips.

Anyone who wants to figure out some formulas to trade BTC and/or get involved in trading shitcoins, is going to need to spend a lot of time and potentially money in terms of diluting their ability to invest into bitcoin if they are trying to make money by buying and selling whether it is bitcoin or some shitcoins.

Another problem with trading bitcoin is that historically it has trended up, so there is already a formula in place in which you advantage by merely buying it, so why screw up a good thing by wanting more when there is already a good formula that already exists?   Most likely an overwhelming majority of folks are not going to be able to trade more profitably than just buying and holding bitcoin. and sure there could be some exceptions and people can do whatever they like - especially if they might have some special skills that most people do not have.

Look at your own situation @Iranus.  Have you been able to beat a fairly strict DCA strategy?  You have been involved in this forum since the beginning of 2016, and so if you had invested $100 per week into bitcoin since the beginning of 2016, you would have had invested nearly $42k, and you would have $15.1106 BTC (currently valued at nearly $1.1 million - which would be right around 26x profits).  Are you doing better than that?  And even if you are? Why do you need to do better than that?  

Historically many normal and not sophisticated people could have been just doing their normal job and/or or life activities and invest into bitcoin on a regular basis and gotten a 26x return over the past 8 years.... why fuck around with trading and more likely having worse results.  Go on @Iranus tell us if you have beaten those results with your own supposed equally good approach to bitcoin and/or shitcoins.

For sure, past results do not guarantee future results, yet bitcoin remains with a very strong investment thesis, and likely even a stronger investment thesis now versus what it was in 2016... so I see almost no reason or justification for an overwhelming majority of normal people to even come close to getting tempted by the lures of trading and/or getting involved in pump and dump bullshit that is also known as shitcoins.  

Diversify and trade, but never underestimate Bitcoin's power. Safety is important, but so is wisdom and long-term vision.

There is no need to diversify and trade.. especially for new investors. It can take a long time to build up an investment portfolio, so there is no need to complicate matters with distractions and dilution of value in terms of believing that there are any needs to diversify. 

In bitcoin, you can start out by only balancing out your cash levels and your BTC, and then maybe once your BTC and/or cash levels build to a certain large size of one or more years of your income, then at that point there may be some need to consider whether and the extent to diversify into things like equities, properties, commodities, bonds and/or cash equivalents (surely not referring to getting involved in shitcoins as a means to diversify).   

People will reach a threshold in which it makes sense to diversify at differing points of their own balancing if they might have too much value that they are holding in only BTC and cash and it might start to make sense to diversify, but we still need to be careful to not overly dilute our bitcoin investment, and for example someone might consider that they are going to take out some of their BTC investment in order to buy property (which is likely an inferior investment for a lot of reasons), and so sometimes it might not be worth it to diversify in certain assets if it is going to overly take too much capital away from such a great investment like bitcoin, yet people will sometimes get excited and/or mixed up in terms of what is an investment versus something that might be ONLY partially an investment but with a lot of other baggage such as depreciation, expenses and some burdens of the physicality that need to be balanced into the considerations.
772  Economy / Speculation / Re: Top 20 days for Bitcoin on: March 14, 2024, 01:44:08 PM
Also, are you able to publish both the USD/BTC and the Euro/BTC at the same time and on the same table (side by side)?
Not yet.  Soon.  Perhaps™.   Grin

You are making good progress.... so thanks for continuing to work on building it..
773  Bitcoin / Bitcoin Discussion / Re: What does BTC mean to you? on: March 14, 2024, 04:08:14 AM
Bitcoin means a lot to me. But I couldn't buy them at right time. now it is very expensive. let see in future I would buy some bitcoin and gain financial freedom through it.

There is no time like the present.

Waiting is not a strategy to prepare for UP and also to build a long and enduring investment into bitcoin.. so in that regard it takes a long time to build a bitcoin investment, so if you want to work towards financial freedom through bitcoin, then get the fuck started... and tell us how you are building rather than how you are waiting for a better entry point that may well not come.

You should already know with a forum registration date from December 2017.. You have had  alot of opportunities to buy since your forum registration date.. and what have you been doing?  Just waiting for a better entry date?

I personally started buying bitcoin at the top of the 2013 price, and yeah it took me a few years to get into profits.  With your forum registration date,  you could have been in a similar situation as me and building your BTC holdings from the start, and probably you would have had been in profits by mid to late 2020.and in a great position right now.. even with an ongoing buying strategy and many times to get in..

If had invested $100 per week since December 2017, you would have had invested $32.8k, but you would have nearly 2.7 BTC... Surely not a bad place to be.

In our latest run up, we have hardly had any meaningful corrections since October 2023.. and largely maybe we can go all the way back to November 2022 and suggest that there have ONLY been a few corrections since then that were greater than 20%... do a lot of people who have been waiting to get into bitcoin since November 2022 and maybe even earlier than that, and the right thing would have probably been to just jump in and do what you can.. and build your bitcoin holdings... which likely could take a newbie 10 years or longer to build up a bitcoin holdings.. so surely it is better to get started than either to wait or to continue to whine about how it is supposedly too late for you while BTC prices continues to go up and you continue to remain a whining no coiner who fails/refuses to act and just continues to say it is too late, when that is truly not true... and it is still not too late, but I imagine that we will find you 5 years from now still whining that you haven't bought any coins yet..
774  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 14, 2024, 03:39:57 AM
[edited out]
.....One must have a plan where he must gather bitcoins before he start thinking to sell some of his holdings. How many Bitcoins are sufficent is a subjective question. So some people 100 Bitcoins are low while for many getting even 1 bitcoin is difficult.

I would suggest that how many BTC is not completely subjective  - even though it is based on the setting of subjective goals... So if someone might tell you what his goals are, then you would likely be able to determine a quantity of BTC that would likely satisfy the goal.

So for example, if a guy tells you that in 10 years, he would like to be able to have a monthly income of $5k without having to do any work - beyond just keeping track of his various accounts...   Then at that point you have some ideas of an approximate number of coins that the guy might need to work towards getting, and I would say that if he works towards getting close to 5 BTC for the middle of 2034, then that would likely be more than enough to meet his goals... and perhaps even 3-4 BTC might be enough... yet we cannot really know, so then he should work towards getting to 5 BTC within the next 10 years.. which may or may not be doable for all people, and if it is not doable.

Then if he changes his goal to the same kind of idea of cashflow, but with a back up target for 15 years, then I would suggest that by mid-2039, then he is likely ONLY going to need around 2.5 BTC by mid-2039 in order to reach that same objective of having a monthly income of right around $5k.. so then he has something that he believes that he might be able to reach, and if he speculates that inflation might eat away the targets, then surely maybe he could try to shoot for more BTC and to have some cushion in his goals, and so we can largely ONLY attempt to give some directional guidelines that might need to be adjusted with the passage of time...yet I would still suggest that aggressive accumulation of bitcoin should be part of the formula, and the details can be tweaked at various points along the way.

Shit coins are equivalent to gambling and gambling is for losers. One can invest few bucks in shitcoins for fun but real focus and most of your capital should be going to Bitcoin alone. 1 bitcoin is difficult.
Investing in bitcoin is also gambling.

That sounds like a statement from someone who does not understand bitcoin and/or mixes up bitcoin with shitcoins as if they were the same thing when they are not.  Do you know what is bitcoin?

In other words, Bitcoin is not a shitcoin.

Let me put it like this.  There are quite a few reasonable, sober and prudent ways to invest into bitcoin without devolving into gambling, which relates to both position size and even how to employ the various means of accumulating bitcoin through mostly buying techniques, not selling to buy more or trading or using leverage or using other complicated financial instruments in the way to build your bitcoin stash, and such techniques would presumably be within the disposable/discretionary income of the person getting involved in bitcoin.

If you are using up too much of your disposable/discretionary income and/or you do not manage your money properly, such as your emergency fund and/or your reserves and your float, then you would be devolving your bitcoin into a gamble rather than an investment.. and the same thing has to do with selling BTC as a strategy to accumulate more BTC (aka trading), employing those kinds of strategies and the employment of leverage and financial instruments would also be gambling.. so there are a lot of ways to invest into bitcoin rather than gamble with bitcoin.. especially again, since many of us should likely realize (including you VOD) that bitcoin and shitcoins are not the same things, so it is quite dangerous to mix them up in terms of how your frame (and conceptualize matters) and the kinds of strategies that you put into practice.
775  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 14, 2024, 02:10:07 AM
That’s how bitcoin dominance should be calculated



Edit: it’s $1.43T

https://x.com/wclementeiii/status/1768042299299123357?s=46&t=EYlgQnpcCaCtcz2k1MwkNg

the room for growth is amazing.

It could go to 10 trillion by 2030

$10 trillion seems to be part of the base case for this cycle.. .. and yeah it will make a lot of us excited, but it would be far from outrageous to make it to that level in this cycle.
776  Economy / Speculation / Re: Top 20 days for Bitcoin on: March 14, 2024, 01:20:44 AM
Alright. Back on top again.

That's 7 days of top prices.

What a week.
Remember in 2017 when we skipped $13k, so then there was a question whether we would ever revisit $13k (which we did), so now we have skipped $70k , and we were very close to skipping $72k.. but we ended up falling in $72k.. so maybe there is a question regarding whether we will ever fill in a number for $70k or not.

don't mean to jinx the question, but there is going to be some day in which we will end up skipping over several thousand and never revisiting that price area again.. and I think that we are getting into prime territory to be able to skip over several thousand of price slots.

Yet, none of us can really know how it is going to play out.. even if we have some ideas (and theories).
I am hoping to see 80k very soon.

So far the UP has been so gradual that it is seeming sustainable and not really crazy, so yeah we might have some down corrections along the way, but we seem to just have a steady push for UPpity that even seems justifiable based on the ongoing buying that we know is taking place through the BTC spot ETFs.. so yeah.. a problem seems to be that we might get too comfortable with ongoing up, and then finally at some point the correction ends up sticking.. yet I still have trouble envisioning any sticking correction prior to getting through noman's land.. and yeah, i still would not be surprise to end up being wrong.. but yeah grinding up to $82k does not seem to be out of the question.. but that surely does not seem to be a stopping point unless we go there too quickly.. or maybe if we go to $95k too quickly, then that kind of over exuberance might trigger some kind of a lower and longer correction period (kind of like the one that we experienced in early 2021 when we went from $20k to $42k and then we ended up having a week long correction back to lower $30ks and perhaps slightly in the upper $20ks prior to resuming UPpity.

I know that some people are concerned that this price run up is happening too soon which partially relates to the price rise happening prior to the halvening, so perhaps that is causing some people to either sell their BTC in this price range or to wait for a dip to buy more BTC, and there seems to be some errors in that kind of thinking, and most likely if we are able to continue to trickle up into the 80s and then trickle up into the 90s, then it will be much easier to break straight through $100k... yet on the other hand it seems that if we go up too soon.. without these little baby corrections along the way, then we could get caught in a larger and longer correction zone.. yet at the same time, the ETF buyers are going to have to start buying in order for a larger and longer correction to really hold up.. so I am having some problems seeing the longer and larger correction unless we get some blow off momentum.. and even going straight to $80k in a day or two probably would not be enough.. even though probably going into the mid-$90s within a week or two might end up being too much too quick.. just thoughts off-the-cuff.
777  Economy / Speculation / Re: Top 20 days for Bitcoin on: March 14, 2024, 12:24:48 AM
Alright. Back on top again.

That's 7 days of top prices.

What a week.

Remember in 2017 when we skipped $13k, so then there was a question whether we would ever revisit $13k (which we did), so now we have skipped $70k , and we were very close to skipping $72k.. but we ended up falling in the top part of $72k.. so maybe there is a question regarding whether we will ever fill in a number for $70k or not.

don't mean to jinx the question, but there is going to be some day in which we will end up skipping over several thousand and never revisiting that price area again.. and I think that we are getting into prime territory to be able to skip over several thousand of price slots.

Yet, none of us can really know how it is going to play out.. even if we have some ideas (and theories).
778  Economy / Speculation / Re: Buy the DIP, and HODL! on: March 14, 2024, 12:11:37 AM
.... disciplining oneself to have a good psychology, inorder to build a good portfolio .

I think that if you are able to put your finances in a comfortable place, then you likely do not need as much discipline regarding the psychology, and the psychology will follow from having your finances in good order, and also psychology follows when you have built up a good sized BTC stash and you are in profits.. but until you get to that point, your building of your financial systems should be helpful in terms of giving you peace of mind that strengthens your psychology.. since you will more likely have systems in place in which you are prepared for the BTC price to go up or to go down or to go sideways.
779  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 13, 2024, 11:39:58 PM
O/T

I'm all for this.

Future cars could ditch touchscreens and bring back buttons – all in the name of safety
https://www.techradar.com/vehicle-tech/hybrid-electric-vehicles/future-cars-could-ditch-touchscreen-and-go-back-to-physical-buttons-all-in-the-name-of-safety

Bye bye no stalk Tesla.

Bunch of dumb asses and those convinced "it doesn't matter, it's just as safe".  Roll Eyes
A touchscreen for some media stuff and gps is fine, but I can never understand why it became so widely accepted to literally remove every button in the car and add it on the screen.. A bunch of morons, lol. I welcome a buttons & knobs comeback!
The wife of some billionaire recently drowned after her touchscreen enabled Tesla erroneously backed up into a pool.
https://nypost.com/2024/03/09/us-news/angela-chao-made-panicked-call-before-dying-in-completely-submerged-tesla-on-texas-ranch/
This was widely posted.
I would NEVER buy a car in which I would have to take my eyes off the road to activate drive/park/reverse or window swiping.
Very interesting article and interesting comments:

"If it was non electric car she could have simply and literally rolled down the windows."
-"Roll down the windows ?  What are you driving a 1972 Chevy Corvair"

What happens in a submerged Cyber Truck?
The windows are supposed to be bullet proof, right?

Yeah.. how many of us maintain a glass breaking hammer in our car so that we can escape in an emergency like that?  

They say, even with mechanical doors, you cannot open them with all of the pressure from the water.. I suppose by the time that you are completely submerged and then you can hold your breath long enough, then the water will equalize in such a way to be the same pressure inside and outside the car.  Then you can just leisurely open the door and then swim to safety... Drowning in a car surely seems like a grueling way to leave this world.
780  Economy / Speculation / Re: Buy the DIP, and HODL! on: March 13, 2024, 11:14:20 PM
[edited out]
This is damn impacting , breaking down in a way even some one new to this space would get it once . Now those that normally mistake emergency funds for reserve would get the difference now. Where most people missed it is that whenever there's decrease in price one would take as an opportunity of using lump-sum strategy to buy the dip using their emergency funds instead of having a reserve funds for such occasion. Which may lead to one not able to meetup with his expenses and endup developing the habit of tampering with their investment, I've already Started reserving some funds already, but I always make my emergency funds more without letting it affect my DCAing .

It seems to me that some of the members are handling their extra funds in the right kinds of ways, but sometimes we are mixing up the categories and then maybe arguing semantics (which are just the meanings of different words), yet some other times, members seem to have no sense in regards to how much of a cash cushion that they might need to have if they start spending from their extra cash, and if they end up experiencing some kind of emergency, then they end up in more trouble because they end up having to treat their bitcoin as an emergency fund, which surely should be what anyone investing should be trying to avoid.

If we build up our investment in bitcoin, then we have more of a responsibility to have organized finances (and psychology too) that will prevent us from ever having to cash into our bitcoin unless it was on conditions that we had already established for ourselves, and if we are a new investor, it is more likely that we would be waiting many years.. maybe even 4-10 years or longer, just to build up our BTC funds before we might start to consider strategies that might involve selling some of our BTC.

So, yeah there are different kinds of classifications of funds, but then there are also differing ways that we might be triggered to buy bitcoin, whether it is a regular DCA, or buying on dip or lump sum... .. and lump sum and buying on the dip are not necessarily the same thing... I don't even necessarily recommend that newer BTC accumulators hold back large amounts to buy on dips, but instead maybe they have some money that is set aside for various price points, such as if you have $2k in reserves then maybe you would have $100 for every $1,500 that the BTC price drops which would be 20 BTC buy orders all the way down to $38k or something like that... .. so yeah you don''t know that if the BTC price is going to dip but you have some money available to buy at various stages if it were to dip... .. but then maybe it does not make any sense to hold back that much money for buying on dips, especially for a relatively new bitcoin investor..

So let's say that a guy had already been buying $100 per week of BTC pretty regularly for more than a year (since the beginning of 2023) and he had invested $6,300 and accumulated right around 0.21 BTC so far, and he is not in a bad place right now, but he still feels like he has not accumulated enough BTC, so he continues to buy $100 per week of BTC, and that pretty much is a high  portion of his extra income.

Yet, for some reason.. out of the blue, he receives a payment of $2,400 extra that he was not expecting, and so maybe other parts of his financial life is already sufficiently in order, he has around 4 months of an emergency fund and he has some reserves already in place for buying on dips, so then he has to decide what is he going to do with that extra $2,400 that is in his budget?  He could decide to front load invest 66% of it (around $1,584) into bitcoin, and then add the other 33% ($816) towards buying on dips and/or DCA..... or maybe he just decides to divide it up 50%/50%.. or maybe he decides to just put 1/3 in each of the categories since he is not as convinced that the BTC price is going to go up from here.. so sometimes those decisions are made partially based on which way a guy thinks the BTC price is more likely to go and/or if he feels that he already is sufficiently prepared for buying on dips or if he believes that he is lacking in one area or another.. he has to weigh what the impact of his decision on the remainder of his balances.. which surely we would think he wants to be somewhat aggressive in his bitcoin accumulation without overdoing it.. yet at the same time, there is no perfectly correct answer about what he should do and align the balances of his funds.  

Lump summing right away would be front-loading the investment, and saving it without investing (and maybe preparing for a dip) would be lump summing on dips, but again, I personally tend to think that it is better to spread out your buying on dip purchases, but if you are more bearish than me then maybe you spread those buy orders to lower amounts and hope that you are not left holding a bunch of fiat that you could have had otherwise bought bitcoin with.. again, there is no perfect answer.

@Obim34 explained the difference between emergency funds and reserve funds well.. yet I would just add that reserve funds could be designated for buying BTC on dips too... so there could be general reserve funds that are not exactly specified for what they will be spent, even though there could be a variety of possibilities, including going on a date or out to dinner or some kind of extra expense that may or may not come about, or there could be specifically designated kinds of reserve funds, and yeah, sometimes people will keep certain categories of their reserve funds in separate accounts so that they the do not mix them up or that they do not accidentally spend into them.. which may or may not be necessary since you could merely classify funds within one account, but sometimes any of us can end up being forgetful and make mistakes if we don't force ourselves to actually separate some of our funds.... which, for example, might even include presetting some BTC buy orders on exchanges with some of your funds so that if the BTC price drops to such levels in which your buy orders are preset, then those funds will be used for buying BTC on the dip.. but you could end up cancelling those orders at any time before they fill if you change your mind or you want to redesignate those funds for something else.
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