Could be a little too early for this.


Might as well be optimistic.

I appreciate that philpma is continuously presenting kinds of dilemmas for us regarding what he is doing versus what other guys believe that he should be doing, and even his admissions about the mistakes of his past, in terms of not holding as much BTC as he should have, does not seem to cause him to HODL more BTC (at least from our perspectives of what he should be doing - because he does claim that he is accumulating more BTC (as a percentage) than he did in the past.. something like that).

Of course, he continues to describe pretty small levels of ongoing BTC sales that seem to be business cashflow related, so it tends to be tough to judge his whole package beyond considering that he admits that he does not have much BTC.,.so maintaining a business and engaging in personal BTC accumulation (or even business BTC accumulation) may well be two different questions (a kind of ongoing dilemma).

By the way, even in my own circumstances, I have created a system in which I have continued to sell BTC all the way up from $250... but I also proclaimed that in 2015, when I started this ongoing selling, I had quite overallocated into BTC.. which was a kind of target of 10% and reaching 13.5%.. and then subsequent BTC price appreciations brought my allocations to 90% levels..  I have always considered that once reaching overallocation in BTC, there is quite a bit more flexibility as compared with someone who considers themselves to still be striving to reach target allocation levels... whether that is 1%, 10% or some other number like that.

So for example, if I had 10 BTC in 2015 and the price went from $250 to $300, then my 10 BTC would have gone from $2,500 to $3k, so maybe I would have authorized myself to sell less than 1/2 the profits from that price appreciation.. the profits would be $500, so I would authorize myself to sell up to $250.. but never more than that (and largely I had never reached even close to my max authorization levels).

So even these days, let's say that were to have 2.3BTC, so when the BTC price went from $40k to $67k, the value of my holdings would have gone from $92k to $154k - which would have been $62k in profits, and even these days I might authorize myself to sell up to half of the total profits.. which would be up to $31k authorized, but in reality, I only end up selling around $20k (and that's with some real world expenses that had been being worked out through my BTC portfolio since April/May 2021... and even still "in progress" though in some of their final stages of everything getting back to "normal" or "routine" (if there are such things?).

Sure, maybe I am providing too many details too, but just saying that some BTC selling could be justified, rational and within systems - especially if there is quite a bit of overallocation involved (which many of us do not consider to be phillip's case, from what we have heard about it). 

Personally, I believe it is more justified when a guy might have never removed himself from the overallocated aspect in concern to his BTC holdings to then be feeling some freedoms in terms of shaving off BTC whenever he would like.. including taking a lump sum shavening at any point of his choosing because he might have been rolling over profits for a decent amount of time.. versus a guy who is still saying that he his in BTC accumulation mode.. and surely I am having trouble suggesting any kind of selling prior to reaching target allocation levels

For sure we can attempt to understand that for miners/or anyone earning an income in bitcoin, there could be some different dynamics, so the BTC sales are for business purposes and not part of any kind of cashflow that could be used for BTC accumulation - and even reaching basic target allocation levels which many guys should be targeting to do.. even though sometimes it could take several years to reach target allocation levels or even to reach what is considered BTC overallocation levels - whether that is exceeding your initial allocation levels of 1% to 10% or reaching some higher levels due to ongoing BTC price appreciation over the years - which may well end up reaching levels like 90% or more and additionally justify shaving off BTC profits from time to time.

Hmm, last real post was July 05, 2021, 08:57:40 PM and now today, a sudden flurry of posts by single-digit post count folks...
Looks like someone opened the SPAM floodgates  

ssd disk increases the boot speed of windows. For Linux systems, the boot time of the operating system with ssd and hdd is the same, or the difference is very small.
Why overpay for something that you can buy very cheap.
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Interesting price action around the highs, I expected more of a breakout honestly. Probably just a small breather before on the up, but being that we haven't really had a healthy correction since the 41k low I woldn't be surprised if we have a bit of a pullback/sideways for a while.

I noticed that the mempool spiked fairly high in the last 24 hours, profit takers again maybe?

Reasonable, yes. But... why don't you hodl for about 1-2 months and then sell a bigger chunk? Wouldn't that be more profitable? Or you don't believe in 2013 scenario playing out?  

https://www.bitrawr.com/difficulty-estimator

+3.5% increase in difficulty so far which should continue to increase, while the price is up about 8% from the opening price of last Monday which marked the opening of this difficulty epoch, at current prices and difficulty an S9 makes $5.7 a day, I still remember buying some of them for under a $100 bucks, they were making below a dollar a day back then, it's crazy how things have changed in the past two years, I wonder, if mining bitcoin will ever be as profitable as 2021?

Your thread title looks like shit. Change it.

With how current prices are moving and assuming that this continues on until next year, then you can definitely say that 80k is "bearish". But that's still a huge 'if'; and though it's likely to happen, I'd prefer to be realistic in a way that people need to remember that things aren't guaranteed.