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.

Of course, you can start at any time.  We still do not have anyone who is making a list of all the push-ups by the members, so each of us is just keeping track on our own in terms of how we want to do these daily push ups.

Surely, I don't advocate for trading in order to build up your BTC holdings, yet if you are in the stage of building up your bitcoin holdings, then the best way to do that is to continue to buy in various ways, whether DCA, lump sum buying and/or buying on dips... so then once you get enough or more than enough BTC, then you can start to sell them as the price goes up... so then there would no longer be goal to have more BTC as the price goes up.

So one of the BIG questions relate to how much BTC (satoshis) is enough and when you can conclude that you have enough and you are in a position in which you can start to feel comfortable to start to sell some of your BTC as the price goes up and/or just on a regular basis as a percentage of your holdings to sell regularly as a source of your main income or to supplement other income sources that you have.

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.

Maybe you can list the options?  I did a quick look at the Bitcoinity exchanges for the Euro, and it appears that Kraken has more volume than Bitstamp, and yeah, not very many of us would be excited about using coinbase if there are other options.. https://data.bitcoinity.org/markets/exchanges/EUR/30d#rank_desc

 I know for bitcoin Bitstamp is preferred, and it probably would not be a problem to use Bitstamp for the Euro if they are relatively reliable for the Euro (meaning largely reflective of trade volume based price), but we also might need to consider if there might be other options that might be more reflective of BTC prices in any particular currency that we discuss - Euro in this case, yet I see that for the Euro the only option that has more trade volume than Kraken is Coinbase, and Bitstamp is third, so yeah, maybe Coinbase could be acceptable for the Euro.. Does anyone else have any opinions on such topic?

In regards, to any of the other currencies previously listed GBP, CAD and JPY, can you get raw data for those currencies on Bitcoinity?  From your link of explanation in regards to Bitcoinity, I cannot see from where you are getting the raw data - especially when I click on the Export CSV and/or XLXS, all I see is date and some other number, which I presume to be the quantity of BTC traded on that date, but that would not enough for you to generate the trade weighted price for the day based on that information.

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)?

Sure.  You might have developed some bad habits, especially getting involved in shitcoins and then trading in and out of them.. so even if you build up a bitcoin portfolio, you might end up reverting to some of your bad habits and your bad ways of thinking.

None of us can fix your situation except for you, and probably, if you figure out some kind of plan and then just focus on it, then if you get your finances in order, then you can become more and more aggressive in your bitcoin accumulation.. but part of the problem is that the first 2-3 years, it can take some time to build up a bitcoin holdings and then to be able to continue to build from there.

Almost everyone has thoughts of being too late, yet you have to consider that right now, there are probably ONLY around 1%.. or maybe a bit more at best of the world's population of normal people who have any kind of stake in bitcoin, so you already have a lot of advantages because you probably have some bitcoin and you are already familiar with some of the dynamics of bitcoin, probably including how to hold bitcoin privately.. and if you don't know some of those kinds of things, you are in a place to be able to learn those kinds of things since you have already shown interest in the space for about 6.5 years.

Another thing when you invest into something like bitcoin, you need to put yourself into a position in which you will not be panicking.. so you can establish both a practice of buying BTC very regularly (something like once a week), and you can also make sure that you have an emergency fund and a reserve fund to serve unevenness in your cashflow, but also to give you abilities to buy more BTC when the price dips.. and if you have been practicing not so great cashflow management, it can take time to both learn about those kinds of skills, but to put them into practice.

We talk about a lot of the ideas in this thread, and I also talk about some of the ideas in my investment ideas threads, yet probably the main points is that you tailor some techniques to your own individual circumstances, and you put them into practice, you learn from your putting them into practice and then you tweak your plan from time to time in order to improve the ways that you are implementing your plan to your own financial and psychological circumstances.

Of course, if you have such strong inclinations to gamble and to get involved in shitcoins because you are trying to speed up the get rich quick process, there could be ways to still pick out one or two shitcoins, but don't invest any more than 10% of your bitcoin size into the totality of your shitcoin investment, and sure it might not be a good idea to retain any involvement in shitcoins, so to completely cut them off, but if you cannot help yourself there might be ways to put pretty strict limits on your shitcoin exposure, so then to contain your gambling tendencies.. but part of the problem of a gambler is that they are tempted to do more and more and more, so their tendencies to do more ends up eating into their capital, rather than building their capital.. which investing into bitcoin would be building capital and it may well take 10 years or more to really build up a bitcoin investment portfolio, yet at the same time, you are still likely going to be far in front of your peers.. since an overwhelming majority of people don't really know what bitcoin is and even if they might think that they know, they have not taken any action to get started investing into it.

We might be mislead into believing that bitcoin adoption is either mature or that the amount of hoarding that is going on with rich people and institutions is causing BTC's price to become unreachable, yet I think that still should inspire normies (like you) to buy and to invest into bitcoin rather than waiting any longer or getting distracted into shitcoins and/or trading (gambling).. .. so even if there are a lot of rich people hoarding bitcoin, we are still in early days and they are likely going to push up the price, but they are likely going to be pushing up the price over a couple of cycles rather than immediately.. even if we also might experience some rapit price appreciation of bitcoin both this year (in 2024) and next year (in 2025).


Generally speaking, shitcoins are in and out kinds of things, so you do not tend to advantage from holding them over the long term.. but yeah you never know, there might be some shitcoins that end up having some longevity. but that still does not mean that it makes any sense to try to figure out which shitcoin is less shitty so that you might get some performance that might largely just be paralleling bitcoin anyhow.. and so your reason that you want to get into shitcoins is to outperform bitcoin, and so yes, that is called gambling rather than investing.. and there are a lot of people who are tempted and distracted into such.. and sometimes it might even work.. but it still probably not worth the amount of stress to try to figure it out and to employ luck rather than sticking with the more solid investment, which is bitcoin... .

So, again, if you are going to fuck around with shitcoins, if you at least limit them to no more than 10% the size of your bitcoin investment size (without cheating about it), then you will at least limit your exposure to them.. but yeah gamblers have difficulties limiting themselves.. so in the end, you are the one who decides your own allocations to shitcoins and/or your willingness to subject yourself to ongoing gambling and largely delusional and distracting ideas.

I probably was overstating my position, and to attempt to explain, since 2015, I largely had assessed myself to have had been in a state of over-accumulation, which allowed me to feel comfortable selling coins without worrying about whether I had enough, yet part of my ongoing problem had been that much of the time I kept the money available for rebuying coins, so largely I had been of the position that I had no treally been injecting new money into bitcoin since 2015 - even though the records are not really clear about whether new money had been coming in, and many times, it is my impression that I have not been injecting new money into my investment, but then in late 2022, my cash reserves had gotten so low that I did end up injecting more money into my cash reserves that were authorized for bitcoin sales.. - especially during that period in which the BTC price was below $20k for several months, yet at the same time when the BTC price returned in to the upper $20k and then even more assurance after October 2023 that our November 2022 bottom of $15,479 was in.. There was going to be no more bottom, so there could be some assurance to pull out the extra money that had gotten inserted into the system on a seemingly temporary emergency basis.

So technically there is still buying with money that is already in the system. .and that would be how it should be preferred, and my net selling of BTC should be greater than my net buying of BTC - even though several run throughs of my sustainable withdrawal system, as shown through bitmover's rendition of it, shows a kind of back testing through the simulation tool that even really aggressive levels of BTC withdrawal is likely going to end up with the dollar values continuing to grow, especially if we measure BTC's value from the 200-WMA.. and that even works through back testing of more recent periods especially something spanning over the last 5 years and a 30% per year withdrawal rate. I could not even come close to those levels of withdrawal which is largely showing that my withdrawal rate that is much smaller than even the more conservative levels... and I have been more into following the rake tool instead of the above linked monthly sustainable withdrawal tool.

Oh, and yeah, thanks for pointing out the glassnode data, and surely we have ideas how people act in theory and maybe sometimes we can see what they are doing in terms of the data that is available, so surely if a lot of guys start to release their coins between $73k and $120k I would be very surprised if enough coins were to be released in order to keep up with the seemingly increased demand that is coming through current BTC spot ETF inflows and the additional ETF inflows that are expected to continue to increase through 2024 and 2025  - and yeah, we could end up being surprised if such BTC spot ETF inflows do not continue to increase and put demand on BTC, so in some sense, we cannot necessarily take the inflows for granted... or even take for granted regarding how many current BTC HODLers are going to be willing to take some or all of their coins out of cold storage in order to sell to Blackrock, et al.