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.

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.


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.

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).


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).

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.


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.  


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.

You are making good progress.... so thanks for continuing to work on building 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..

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.


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.

$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.

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.

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).

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.

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.

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.

I started about two days before this thread started, and the topic was already being discussed at various places around the forum for several days and maybe even a week before I started, and then this thread came a couple days later (after I had already started).


I have always had some kind of exercise in my life, but I think that in the last 5-6 years I had been doing a lot of walking-kinds of activities, and maybe only the past 9 months, I started lifting weights and stretching more, instead of walking so much.. so when the pushup challenge came, I had not been doing pushups or any other kind of body resistant exercise, but I thought that it was a good idea to try it out.. even though I was really not that excited about pushups until I started to really think about it more seriously.. then I began to warm up to the idea... so yeah I was not able to do 100 push ups in my first several days, and I had not been doing pushups for many years..  maybe close to 20 years. I cannot even remember the last time I was really doing body weight type exercises. even though I have had some other kinds of exercises that were more cardio in nature, even though I did have periods of time around 2017, 2018, 2019 of going to the gym to lift weights and swimming too.


Of course, go at your own pace... Since I started a system, I will probably continue to do pushups even if BTC reaches $100k soon.  I am not sure how long.  I will have to consider the matter once we get there... could be right around the corner, or it could take a bit longer to get there..I am thinking that $100k could be in less than a few months... perhaps even prior to the halvening.. but who knows?

I am not trying to coax out of you how many BTC that you have, but I am working with your discussion points.. so if you have been able to outperform DCAing and various kinds of BTC accumulation strategies by your trading and sometimes selling BTC to try to get more, then the more power to you... I suppose that I am just suggesting that the emphasis should be on BTC accumulation and buying until you reach whatever your accumulation (or over accumulation) goal is, and then you have more liberties to start shaving off BTC.. but you seems to have been so busy selling and then saying that you don't have enough BTC..

If you have enough BTC then there would not be any problem selling.. .. but the problem is selling BTC when you don't have enough.. and the specific amount of what "is enough" is up to you, not anything anyone else imposes on you.

I don't know if I can help you because you have to figure out some of these details yourself because I don't know your details.

One of the main ideas of buying BTC regularly by using DCA, Lump sum investing and buying the dip, you should be using your disposable/discretionary income.

So if you have an income that is between $600 and $2k per month (and maybe most of the time it is $1,200), and your monthly expenses are $1k per month, then most of the time, you only have $200 left over for investing, which is your disposable/discretionary income and you can use that for buying BTC.

However, some months you have lower income and some months you have higher income, so you have to build up your reserves and your emergency fund and to manage a good cashflow float in order to be able to continue to buy bitcoin when your income might be low or at least not have to sell any bitcoin for 10 years or more.

Emergency funds would not be used to buy bitcoin, but they are available in case your income dries up or your expenses out pace your income.  The more that you have investments, the more that you need emergency funds that are in cash and 3-6 months of your expenses.. so that you are not using your investments as your emergency funds.

Reserve funds can be built up for buying on dips, and you can already set orders for buying on dips - perhaps you could have orders for every $2k drop down to the $200 WMA.. and the 200-WMA is currently just below $32k.  You have to figure out how to allocate between your lump sum, DCA and buying on dips based on your budget, which is part of the reason to not be fucking around with shitcoins because it can take quite a bit of capital just to have a solid bitcoin buying approach and to protect yourself from getting reckt.

So, yeah, if you do not have good financial structure, then you could be forced to sell BTC at at time that is not of your own choosing when you should have had been ongoingly buying.. and buying in such a way that you don't end up recking yourself... whether you have to start with $10 per week rather than $100 per week in order that you have your other financial matters in order... and the better that you have an emergency fund and reserves, then the more aggressive you could probably be in terms of how much of your income you are allocating to bitcoin whether in a DCA manner or lump sum investing or buying on dips.

DCA is the better of any of the accumulation methods because it allows you to pace your buys, but if you are able to have sum lump sum come available, then you could consider the lump sum in each of the three categories.  Let's say that you just found out that you got a $2,400 bonus, and so all of that money could be dedicated towards buying BTC, but if you already have an income that you are buying regularly with DCA, then you may or may not DCA with the bonus money and maybe you just divide it into lump sum buying right away and the other half is buying on dips.  You have to figure out the allocations and which ones make the most sense to you... including what you think about BTC as compared with other possible investment (not referring to shitcoins) is only one of the 9 factors to consider and to get in order.

If the BTC price is continuing to move up then usually front-loading your investment helps to prepare you for up, but usually you still might have to have some money in reserves if the BTC price moves against you, including going down.

And, yeah when it goes down it might keep going down, so you don't necessarily know how much money to keep in reserves in order to keep buying as the price is going down... no one can tell you.. you have to figure out for yourself where and how you want to set and/or execute your buy orders if you are going to try to employ buying on dip techniques.

Most likely if you don't know what the fuck you are doing, then you should just start out establishing a budget for yourself regarding how much bitcoin to buy every week (or better said how many dollars that you have available for buying bitcoin every week) and then just do that, which is DCA.. and maybe it does not matter how much the BTC costs at the time that you buy it since your goal should be to just keep buying for the next 4-10 years or more while you might figure out at some point along the way if you might employ some other strategies from time to time... and ultimately you are responsible for any BTC accumulation strategy that you employ or don't employ, so don't come crying to me if you believe that you followed what I suggested and you end up feeling like you lost money because of your choices in your BTC accumulation direction.


Emergency funds are not for buying BTC.. it is to use in case your income dries up or your expenses increase to higher than your income.. so that you do not have to sell any of your BTC...

You can hold money in reserves for buying BTC on dips and also for buying when your income fluctuates.  There are a lot of strategies to structure these kinds of matters, yet usually the better of strategies is to ongoingly buy BTC on a regular basis using DCA, and yeah you can supplement your strategy with the other techniques, but you might not want to overly think the matter, especially if you are in your early stages of BTC accumulation, you likely should just be regularly accumulating, but you still have to figure for yourself how much of a budget you can make for regular buying and if you want to hold some of your money in reserves for buying on dips.

Link or it did not happen.

I agree that a guy with 100 coins may well be set for life.. just like he was in late 2022... even though the BTC price was ONLY around $20k at that time (sometimes less and sometimes more)



Yep.. Exactly.. you were struggling to consider what to do with your coin at that time and even suggesting that the guy with 100 coins should have sold.. and bought Ibonds, but that would have been dumb, even though the guy probably could have continued to make monthly withdrawals of his coins at a rate of 10% per year starting from October 1, 2022 and still would have plenty of coins today.. (and have right around 86.4 BTC right now).  Look at this calculation, and pay attention to the 200-WMA rather than the spot price.


You are saying that you got your belief into bitcoin in 2018?  so I can continue to harass you and say that if you had merely invested $200 per week into bitcoin starting from mid 2018, then you would have invested around $60.4k and gotten 4.8314 BTC.  That wouldn't be bad.


They don't really need to change what they are doing.  Even though they lost 40% of their BTC, BTC has gone up more than 40%, so they still have the same quantity of assets under manangement.


I'll have to see the options. 

I would suggest:

1) Sub $40k

2) $40k to $60k

3) $60,001 to $80k

4) $80,001 to $100k

5) $100,001 to $120k

6) $120,001 to $140k

7) more than $140k


"Technically" we crashed to $3,850 on March 12/13, 2020.

There are going to be a lot of folks coming to bitcoin much later than today, especially since only around 1% of the world's population own any bitcoin.. so the pump of bitcoin may well be a bit misleading in terms of suggesting either the maturity of bitcoin's adoption or its adoption rate - even though there are a lot of new entrants coming to bitcoin in recent times... namely the last 2 months or so... and surely some of them are hoarding and they will likely be making their coins available to later entrants.. and so we cannot be sure if prices will be higher or lower at various points in time, even though we should have decently good senses that the trend is ongoingly up.

Even though in bitcoin, we might still measure some kind of a strict short-term increase in interest, but largely if we have been mostly building and holding our coins for 6-10 years, then as some point, we have so many doublings and compounding upon itself, so that even a few percentage increase in BTC prices, might even be months worth of our historical wages, and so at some point it no longer makes sense to continue working....

It seems that my BTC holdings had crossed over into such territories in early 2017, and if you think about it, in early 2017, we had merely had just gotten over $1,250  or so, and just a little over a year earlier we had been bouncing around $250 for so much time, so yeah going from $250 to $1,250 is a 5x, but we all know that the BTC price did not stop there, so even if we ended correcting back down into the $3ks after going to $19,666 in late 2017,  the upper $3ks would have been 3x higher than the 5x that we had already experienced in early 2015, so largely we are already 15x up at that point, even at the bottom of the worst times in 2018 that did end having one more dip in early 2020... and even though we really did not know that $3ks were going to be the bottom for that period, at some point it came to be that we likely could rest assured that sub $3k would likely never be reached again, which was still 15x higher than the $250-ish BTC prices through much of 2015.

So, yeah if you did not stack your bitcoin until later, then you likely have higher numbers that you have to work from, and I still do not even like to use $250 as my number rather than using $1k as my number in order to attempt to be somewhat more conservatively realistic in regards to my own profits and various losses that I made along the way that likely end up taking out a few of my earliest doublings, since I am needing to start with $1k as my doubling number rather than starting with $250.

There surely are some guys (or there should be some guys) in these here parts that might be able to use sub $10k as their starting out number.. but they may well feel better to be a bit more conservative in their calculations, and so therefore they choose to use $10k as their costs per BTC, and so they still might be just amazed to have had ONLY been around 50% in profits in late 2022, but now they ar fining themselves to be more than 7x in profits... or at least have 7x their initial starting amount... so the value that they put in is compounding at seemingly stupendous rates.. and at some point it might start to make sense to just start to live off of their BTC.. and they might be able to figure out some kind of calculation for that.

I think that my latest formula is going to account for the fact that the BTC price is generally not even touching the 200-WMA, so it is likely that fuck you status in bitcoin could actually start around 25% lower than fuck you status within traditional (non-bitcoin) asset classes.. which also means that the withdrawal rate could be sustained at 6% to 10% rather than 4% in traditional asset classes.  But guys still have to do the work of both calculating what their fuck you status might be and then making sure that they either get their bitcoin holdings up to 75% of their fuck you status.. or some combination of traditional formulas that combine with their bitcoin holdings in order to get them over the fuck you status threshold...

.. but from my point of view, we still should not be using BTC spot price to be making these kinds of calculations, even though if we shave off some BTC, we will be doing it at spot price, so it is not completely irrelevant in terms of various kinds of rakings that we might make if we conclude that it is in our interest to make some rakings rather than merely continuing to let our BTC holdings ride or continue to accumulate to our BTC holdings if we might be thinking that we don't have enough of dee cornz, yet.


That is part of the funniness because even though the later comers are in multitides of profits, there does seem to be a difference in the exponential nature, and so we likely have difficulties considering anyone with costs in the $20ks to $30ks as OGs, but maybe if our costs are in the $10k or less then maybe that might be considered more likely to be OG... because there needs to be a kind of cushion, and so the lower that you go in the costs per BTC help, but then over the years you could stack way more BTC, so even if you costs are around $20k rather than under $10k, but if you have 5x more BTC, then you are likely way better off, even if you cost per corn is higher.

Otherwise, I agree with the idea of being able to relax and the relaxing is not necessarily ONLY about our costs per BTC, but also a bit of time in the market too.


"Technically" speaking that is 59.87% - so almost 60%.    I get that answer by dividing = $58.77/$98.17.