you want to retire solely on trading profits? when I try to decide if I could retire I just naively count my net worth and figure out if this could last for some decades. and the family. and the kids. and the kids of relatives. which feels I would never get there. and also: since selling 100% of stash is out of the question, (never more than 50% is the plan), the whole game needs to be played with half the sum to begin with.
then again, making a plan that requires to lose 50% of the best money ever created, is kind of stupid. it would be much better to retire on a plan like getting dividends from stocks or interest (like it used to be) from saved capital.

I hope some secure and reliable financial infrastructure will develop soon enough around bitcoin, that is letting bitcoiners keep their coins, earning interest in lending them out. or, even better, use part of btc stash as collateral to get a loan, and pay back the loan with bitcoin price rising over the long run.  I heard that is what rich people do/did with big/valuable real estate: they never sell it, all they do is using it as collateral for cheap loans, and then use the price appreciation of the real estate to pay back the loan. the family stays rich forever.

owning no coins in post halving period (where price usually explodes) is a tough one. you seem to have the commitment and the knowledge, so I am sure that you will make it back. good luck, mate.

what happened? you sold? 

muahaha haha.... those right wing nutters don't really take it well that twitter is a private company that can do on its platform what it thinks is good for twitter. they all rage about the fact that twitter does not want to be a fake news, covid denying, fascist, right wing platform.

and you know where they rage the most? on twitter.... 


why don't they just go to parler? I dearly hope Dorsey will kick all those hyperventilating, hateful fuckers out of twitter. on the other hand, it is so entertaining. saw a tweet yesterday of a lady that said covid was purposefully created to hinder trumps re-election. it got 7000 (or was it 70k?) likes

 

the farther back in time, the less clear everything was around bitcoin. I, for example thought at the beginning that additional protocols are important as a replacement chain should bitcoin go offline ( ) and that competition was good on protocol levels.

i had no idea that this was the start of the great plague of shitcoinery.

imho Vitalik will be remembered as the guy who coined the term "bitcoin maximalist" but no one will remember ETH. it is kind of ironic that is was vitalik who gave the bitcoin community its identity. before a bitcoiner was a bitcoiner. but a bitcoin maxi is a completely different beast. he tried to introduce this term as an insult. and in typical bitcoin grandeur, the supposed attack was morphed into something that made bitcoin stronger.

hasta la victoria siempre!

all the guys that can't sell at bull runs (like me) will be right here with you. hodling and getting ready for the next one. 

if the next bull is like 2017 bull, be prepared for several face ripping 30-40% corrections. that is how 2017 rolled. it will be hard to see the difference between the usual 40% corrections and the beginning of the the next crash after new ATH.  oh the fun. 

I wish I had your boredom. in it since 2013 and literally every bear cycle almost broke me in different angles. looking forward for the next opportunity to fuck up 

All IN

yes, reality leaves the moronic haters no choices. 2021 will be tough for them.

on stamp out of the last fourteen 3day candles, guess how many were red. ($)

one.

fun fact: somehow a tweet from Jstolfi got into my feed. hilarious. he is literally still shitting on bitcoin calling it a ponzi - almost asked him if he had plans to return to btctalk. (I heard he had logged in here as of lately).

now that they are all gone I almost miss them. but I guess not even the hardest masochist can stand the constant flak in WO for long.

sry for necroing. just stumbled over op headline...

guess the come back wasn't a lie. 

I know it is mean to rub it in but weirdly enough in Germany, after hodling for 12 months, the capital gains tax is zero. also: no vat when buying or selling btc. usually vat is at a sick 19%  (right now due to covid they lowered it to 16%, still face-ripping)   usual capital gains tax is 25%

that is a great read. what a sober take. impressed. the text is special because she is no bitcoin maxi but she uses maxi arguments. give this text to pre-coiners.

I like tone and I met him more than once and he is a nice guy. but tones political views are really weird. I wonder why the guys who shout the loudest about how non-political bitcoin is are also sometimes the ones who have very far right wing political agendas and are not shy to try to evangelize about it. telling folks what they should eat. telling people what is "good" art. telling people how they should vote.

having a deep understanding of btc does not make someone having a deep understanding of anything else.

roach and our guy Proudhon are incomparable. a nazi vs a bear that has scientific proof (confirmed!) for bitcoin going to $200 is not the same. I really do believe gembitz and Proudhon are the biggest btc whales in here. if I had 5k btc I would contribute with the same magnitude of deepness to this forum as them.


regarding chart: what are the bears trying to paint here? a double fake out? 

today I heard about the concept of bitcoin being financial atheism, a concept that Knut Svanholm draws in his book "Sovereignty through Mathematics". a bitcoiner is a financial atheist that refuses to believe what he/she cannot verify him/herself in a monetary system.

this relentless, violent, never stopping, idiotic dumping of the best money ever existed, e v e r y fkn time bitcoin moves up some tiny steps -- I will never get it. I know it is important. I know it serves the finding of the price. if one wants to sell, why not a limit order and let the price get there instead of pushing it down for everyone through market orders. we are obviously attacking ath soon. why dump now?

v8 said it before: they need to accumulate more. that is why they keep it down.

it was easter of 2013. strolling down a beach at the Baltic Sea. snow on the beaches. checking the price as it went over $100.
bitcoiners know where they were...

Dec 2nd 2013 (at home, felt like a god of financial decisions)
Jan 15th 2015 (at home, felt like shit)
Jan 5th 2017 (picking up kids from gym)
Dec 15th 2017 (at home, god again)



there were numerous additional boom or busts, of which I know exactly where I have been. it actually helps me to remember things of the past in the right order.



edited