Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[LFC_Bitcoin]

horsey faced lesbian?

[Biodom]

https://www.medrxiv.org/content/10.1101/2020.02.12.20022418v1.full.pdf

ACE2 Expression in Kidney and Testis May Cause Kidney and Testis Damage After 2019-nCoV Infection

control the population!

That's a right kick in the teeth

People don't realize one thing: Mother nature doesn't f-ck around.
All stories about lab escape are irrelevant from a historical perspective.
We, humans, exist as a species for only 180K years, give or take, a very "young" species.
There are lots of us and we differ very little (0.1% or so at the DNA level).
Read the story of bananas. Once there is a dominant homogeneous species, it almost always gets wiped out, like prior banana "version".
What i am getting at is this: as planet is warming up (it does not matter due to humans or not) and our population grows and becomes more urban, further "weird" epidemics are inevitable.
We already got HIV, Corona, zika (affecting brain development), brain eating amoeba in fresh water, antibiotic resistance, etc.
I am afraid that we, humans, would be culled, which would suck big time.
As I was thinking about this, I remembered the "Children of men". Maybe artists/authors have a pre-cognition of some sort.

This all is too sad to think about, let's celebrate life which we are still having.

[Searing]

Anyway, I got back about 4 BTC buying it back from original 13 BTC I sold at $3,695 on 12/24/18 I think it was.

-ol
Brad, not trying to rub things in. But I'm curious how a savvy BTC guy like you who has been into BTC as long as you have sold near the exact bottom of the market?

Did you really think at the time that Bitcoin was going lower? Or was it for something else?

In hindsight it made sense. I was in HODL mode from real low (2013) till the ATH (what was it like 18k) and watching it go down to $3,965 seemed prudent to do.

I 'think' that the price went down to actually $3,400 per BTC. So again, with much, crying and tantrums like a 9-year-old child I sold.

So at least I learned my 'limits'.

Also, I had my original 100 BTC in 2015. I coulda/should just have 'stayed put'

But I did the whole ASIC mining and selling above and altcoins and the rest. If I sold BCH and BSV and the other forked

coins from this mess, that did not exist in 2015, I'd actually be ahead. Not sold such yet.

So with the above Altcoins etc all made off this 2015 move/groove/and hustle mining etc from 2015 till 2/14/19 when I stopped mining completely.

I would be right back at 100 BTC or a few coins over. Mostly due to BCH and BSV etc.

So what I SHOULD DO and am simply stalling is 'sell' those sh*coins to get back to 100 BTC and 2015 in that manner.

Of course in the last 3 weeks, most of my, I mean, really, sh*coins like LISK and Siacoin have doubled or more. Indeed all have. So I am a bit befuddled on how or

when to pull the trigger on this. One thing about Bitcoin and Crypto you usually look at the situation of price/buy a miner/hodl/ or whatever until it gets down to BTC and

Crypto's most basic question. Do I buy and HODL? Do I gamble on Equipment? Do I get this sh*tcoin or mine such or the other?

It is quite binary. Always distilled to one choice or the other choice.

So it goes. On all life-changing actions with the above BTC/Crypto/Sh*tcoins, I am fairly confident If I posted on Facebook my choices by flipping a coin from 2013 till now

I'd be no worse off then the half-ass guessing I've done in the past.

So now it is a fairly easy choice. I have narrowed my self-introspection on this in the following format.

My main 3 guessing games with BTC/Crypto at any given time/day/moment/and or year.

(1) BTC will (due to adoption level) drop to 1/2 of whatever the daily price is at the time you contemplate these  3 views. Again, the adoption level reached. And now at say

4x the price of gold would at this level act as a 'traditional stock market' investment on return year by year from this point on...ie...modest boring returns.

(2) BTC, taking whatever the current price is, as you ponder these questions. Will now, again due to adoption being reached say, from this price point on now goes

sideways in price and acts like a traditional investment stock market return year by year from this point onward..ie...modest boring returns.

(3) Same thought experiment as above with current price, whatever it is when you ponder these 3 coping mechanisms.  So this being the 3rd choice and current

price of BTC as you ponder this, BTC does its historical thing, price-wise and goes 'parabolic' and up 4x/8x/12x/18x current price, etc because of adoption as a store of value and use

in these uncertain times is NOT met yet. And BTC/Crypto will take on the adoption of gold or beyond as a store of value in the (coming IMHO) trying times. Why the heck not?

So for me, when it gets weird, I think of the 3 things above at whatever particular hour/day/time/year and/or BTC price. In that I've been in since 2013 and such, it seems much more

soothing to look at the 3 guesses above and just HODL. Anyway, how I make lemonade when BTC and crypto tend to speculatively go bat sh*t crazy using no logic I can fathom.

So the only real issue I have not DIRECTLY addressed yet (coward that I am) is when I am gonna dump BCH and BSV and my sh*tcoins to get back to a 100 BTC or so.

In that, in the last month, they have gone up 2x and 3x respectively on everything, so I am currently on the fence, on when to dump and convert such to BTC.

But I've made my peace with the great scheme of thing using my 3 part guessing game above. So again, everyone stumbles, it is how you pick your

self up and/or is the risk/reward worth it?

If the whole open-source decentralized BTC/Crypto universe goes *poof*. Replaced by National coins or Banker coins with the usual spin.

If they win this fight for the future of BTC/Crypto at least I can say I fought the good fight. Everyone has a limit they won't be pushed past. Above is my 'line in the sand' and

funky way of looking at stuff day to day as to not be 'too crazy' with this whole BTC/Crypto Speculation that I am involved in since 2013.

What we do on WO and in life with HODL'ing is called "Speculation". My status as of now. Of course, I cracked once and could crack again and sell some BTC. But for such to

occur I can state with absolute fact, that it is gonna have to be well, well, BELOW the $3,965 BTC price I cracked at last time. As to the rest of the above. That is why I call it a 'coping

mechanism' for something to do/justify be it wrong/or right.....guidelines.

So anyway, my 2 Shatoshi's worth on how I'm looking at things these days. Likely all is more than a bit delusional, but the framework works for me in both the dumping

of BTC be the price too low and I hope the same logic works when the price is too high by most accounts. Chump or Champ or Boom or Doom, we will be the first to know!

later

Brad

[P_Shep]

https://www.medrxiv.org/content/10.1101/2020.02.12.20022418v1.full.pdf

ACE2 Expression in Kidney and Testis May Cause Kidney and Testis Damage After 2019-nCoV Infection

control the population!

That's a right kick in the teeth

People don't realize one thing: Mother nature doesn't f-ck around.
All stories about lab escape are irrelevant from a historical perspective.
We, humans, exist as a species for only 180K years, give or take, a very "young" species.
There are lots of us and we differ very little (0.1% or so at the DNA level).
Read the story of bananas. Once there is a dominant homogeneous species, it almost always gets wiped out, like prior banana "version".
What i am getting at is this: as planet is warming up (it does not matter due to humans or not) and our population grows and becomes more urban, further "weird" epidemics are inevitable.
We already got HIV, Corona, zika (affecting brain development), brain eating amoeba in fresh water, antibiotic resistance, etc.
I am afraid that we, humans, would be culled, which would suck big time.
As I was thinking about this, I remembered the "Children of men". Maybe artists/authors have a pre-cognition of some sort.

This all is too sad to think about, let's celebrate life which we are still having.

This is pretty much how I see things. How long were dinosaurs around for? Millions of years. We're but a tick of a clock in comparison. Something will wipe us out well before the dinosaurs, and it'll inevitably be our own undoing. Whether that be climate change, genetically engineered bio-weapon, AI robots gone rogue, general war, over population, genetic engineering gone wrong, inadvertent EMP, and any number of other possibilities. We'll be lucky if we get another 100K years.

[bitserve]

^

I didn't want to say it (the actual BTC count) but Searing himself did it again... With almost 100BTC he still have, no one can dare to say he did not do well. He just secured some profits when he thought he would MAYBE need the FIAT to last till retirement payments come. A somewhat small (around 10%) percentual amount. And probably that made him be a stronger holder with the rest of his more than healthy stash.

So, considering it all, he is way far from being a "bottom seller" but a strong hodler... even if he did sell "some" near the bottom.

[gentlemand]

This all is too sad to think about, let's celebrate life which we are still having.

I spent a whole day watching nature documentaries a while back and came away with a feeling of overwhelming pointlessness. All anything alive wants to do is eat and fuck. It's not exactly meaningful. Rocks probably have more enriching inner lives.

That day I stopped worrying about the fate of the planet and refilled my fridge with CFCs.

There's an entire universe out there with other potentialities. There could be trillions of races of golden gods right now knocking out lovely watercolours and being nice to each other. We're nowt but noisy dust.

[strawbs]

This all is too sad to think about, let's celebrate life which we are still having.

I spent a whole day watching nature documentaries a while back and came away with a feeling of overwhelming pointlessness. All anything alive wants to do is eat and fuck. It's not exactly meaningful. Rocks probably have more enriching inner lives.

That day I stopped worrying about the fate of the planet and refilled my fridge with CFCs.

There's an entire universe out there with other potentialities. There could be trillions of races of golden gods right now knocking out lovely watercolours and being nice to each other. We're nowt but noisy dust.

[Large corporate boardroom filled with suited executives]

Exec #1 (Graham Chapman): Item six on the agenda: “The Meaning of Life.” Now uh, Harry, you’ve had some thoughts on this.

Exec #2 (Michael Palin): Yeah, I’ve had a team working on this over the past few weeks, and what we’ve come up with can be reduced to two fundamental concepts. One: People aren’t wearing enough hats. Two: Matter is energy. In the universe there are many energy fields which we cannot normally perceive. Some energies have a spiritual source which act upon a person’s soul. However, this “soul” does not exist ab initio as orthodox Christianity teaches; it has to be brought into existence by a process of guided self-observation. However, this is rarely achieved owing to man’s unique ability to be distracted from spiritual matters by everyday trivia.

Exec #3 (Terry Jones): What was that about hats again?

[Torque]

If I sold BCH and BSV and the other forked

coins from this mess, that did not exist in 2015, I'd actually be ahead. Not sold such yet.

Well just my 2 cents, but if I were you that would be the first thing I would sell instead of BTC if I needed the cash. 

[Ibian]

Oh and in regards to lethality: Calculate deaths/(deaths+cured).

Don't know why people keep using total number of infected. It makes no sense. Some of those people are going to die.

Because death occurs earlier in the disease cycle than cured state, (cured may be pronounced many weeks after the onset whereas death in a couple of weeks)
and especially at the beginning of the outbreak this figure will be weighted too far towards a high mortality rate, and equally makes no sense at this point.

You can easily see the error of using this method in the first few weeks, say 5 people died, but nobody has been declared cured, giving a 100% mortality rate.


Bear attempts look pretty futile, nobody else appears to be jumping aboard.

Again, some of the infected are going to die. And we don't know how many of them. We do know how many died and how many were cured. Convenience is no excuse for deliberately fudging the numbers. And it's not 5 people anymore.

I don't dispute that the numbers are fudged, I'm disputing that your alternative method to calculate the mortality rate is also wrong. Even if the available figures were correct, which they are not, there is no way to calculate an accurate mortality rate.Most likely, it lies somewhere between your value and the media's  value, with such a large range it's not very helpful.

(5 was a made up figure, to illustrate the error in the methodology.)

I don't see the problem. Infected people will either end up in the dead category or the cured category. What's missing?

People die quicker than they are declared cured. This difference means that at any point in time the dead is known, but the number who will be cured lags by weeks, weighting the statistic towards a higher mortality rate.

Ok, fair enough. But even if both methods are flawed, for the purposes of combating the virus it is probably better that people take it serious which they really don't when they see 2%.

[Biodom]

If I sold BCH and BSV and the other forked

coins from this mess, that did not exist in 2015, I'd actually be ahead. Not sold such yet.

Well just my 2 cents, but if I were you that would be the first thing I would sell instead of BTC if I needed the cash.  

All things considered and since the numbers were revealed...our Brad here would be at around $10mil if/when 100K...he'll be OK, lol.
$10mil gives you a 300K/year cash flow without even touching the principle. A nice pension, indeed.
Just don't use your coins to lend on some of these newcomer blockfies and celsiuses, me thinks.
Not your keys...

[HairyMaclairy]

[Biodom]

Around $10K (fractal-projected) in June-July area would be really tough on miners.
Maybe, $12-14K would be more amenable.
$10K is the same as $5k now, which is money losing for the majority.

[jojo69]

tough shit

they can tighten their belts and evolve, or mine at a loss for a while, which would actually be the wise choice

[Biodom]

tough shit

they can tighten their belts and evolve, or mine at a loss for a while, which would actually be the wise choice

evolve? aren't you in a good mood tonight? lol

[Lambie Slayer]

Watch how ez that dip gets bought up in BTCull $eason.

[bitserve]

[Searing]

^

I didn't want to say it (the actual BTC count) but Searing himself did it again... With almost 100BTC he still have, no one can dare to say he did not do well. He just secured some profits when he thought he would MAYBE need the FIAT to last till retirement payments come. A somewhat small (around 10%) percentual amount. And probably that made him be a stronger holder with the rest of his more than healthy stash.

So, considering it all, he is way far from being a "bottom seller" but a strong hodler... even if he did sell "some" near the bottom.

Again, what changed is I am in charge of an estate for future trust etc. The IRS does NOT like passing such $$$ on to future generations in the family. So basically I get a %

a month for NOT running off (as IRS expects) and blowing it on hookers and blow ... the estate remains more or less at the same price base to generate interest and grow
 
into the next generation. So for my 'modest' needs (I worked for 30 years with the dev disabled and deaf-blind) and no debts, it comes down to...meh.....my needs are being met

and I'm bored. So yeah the pressure is off to sell BTC/Crypto now (except dubious coins and when to sell dubious sh*tcoins and forks)...So you are correct. Modest lifestyle-wise (ie boring)

I can likely live to 200 on the monthly take. Sometimes it just pays to be dumb and lucky.

So indeed the 13 BTC did go to the last 1.5 years of lifestyle (now I'm 8.5 BTC down heh) But I can HODL at the

same lifestyle and have the monthly income to put some 'dust' into BTC and thus whine about stuff on here...again...retired and bored..so wtf....it is what it is.

My situation has changed and tossing more $$$ in my lifestyle at such is not gonna fix much.

So I can afford to HODL more so now than in the recent past. Of course, IF the next recession comes, or should I say IF not when, and I am

expecting a good 30-40% recession, with some pundits saying it will be 12 years rather than 7 years to come back from such. My views may change if my traditional investments

really tank.

Thus the good old (hopeful) HODL mode of 'Plan B' (and portfolio with stocks setup to 'maintain' rather than grow at my age of 65 years) I should be just 'dandy'.

Again, thus my 'bravery'. Circumstances changed. I sure do miss ASIC mining though, but current tariff, difficulty on any crypto, and big miners and 10c kWh electric costs
to
have really sucked the 'fun' out of that. So alas, 'attic mining' sales to eBay than to BTC and rinse/wash/repeat for dust is going to have to be entertainment enough for now.

It is not like my 100 BTC (now 91.5 BTC) is a big secret....in 2013..it was considered 'small potatoes' at $150 BTC. Everyone knew everyone's stash back then..big whoop!

But yeah, I have little risk in HODL'ing...even if price did drop 1/3 and I dumped....it all is still a win as all 'evolved' from a KNC Jupiter 550gh miner in 2013 that cost me

$5,131.80. It is not like 'any' money from my modest dev disabled deaf-blind job went into the BTC business for electric or whatever..so again, the risk to me is non-existent.

No matter how bad this all gets, I will always show a profit. It can be debated on IF I HODL too long or IF I SOLD too soon or any % thereof....but I can afford this modest risk.

when you consider the source of all the wrangling/LTC to BTC/Altcoin ASIC mining to BTC and other shenanigans I did to eventually accumulate my BTC is all based on

that first piece of equipment to generate/wrangle current hoard...well sh*t...what I'm stating is here everyone needs to get to a place of 'excess' in their own minds on BTC/Crypto

on what they can accumulate and HODL IMHO. Again, in my previous messages, I claim a 1/3 chance of BTC/Crypto going parabolic again. What if BTC goes to 50K? How prepared

are you to risk some to get much and of course the chance of the risking some and losing all? The scary point is what if we all are still in the early stage of BTC use and price?

What is MORE interesting to me is if I would have done sh*t in 2015 and just stayed in HODL mode, I'd be almost even with all the mining of BTC

and re-investing BTC into ASIC equipment and the rest, sure, it worked a bit better, but hardly worth just having the BTC sit around and have BCH and

BSV falls out of the sky on to my BTC addresses. So with my mining of 'dubious' Altcoins, from what I figure in actual BTC combining such, even with forked coins, I'd end up pretty

much in the same boat.

My point is there is a lot of 'running about' here and there in BTC/Crypto....only thing that makes sense to me is HODL and hope it does go parabolic. I tell people to get some 'dust'

for small risk and hopefully from now the same big or bigger rewards, I have gotten since 2013. Again, I expect the next recession to be a doozy.....some of that determines my

actions as well.

But 20/20 hindsight was a lot of frigging work mining, to end up in the same place as just sitting on hands in 2015 in full HODL mode.

Also, remember some of what I post is in storytelling mode ie...don't do what I did kinda thing if I can't laugh at my panic sell (not kidding about the 9-year-old yelling and

some tears selling at $3,965) well what fun is being on here sharing stuff.

As they say, BTC/Crypto is in the long-term a win/no-win scenario. I am at an age 65 years that maybe

I have 25 years left and will be grabbing cute female nursing home aides asses and croak falling out of my wheelchair from the excitement. So risk, meh!

Also, if you live long enough, the only currency in a Nursing Home is stories. You got a robe/toothbrush/shaver/slippers and rich as hell or not it is all the same.

The only currency is stories. Thus BTC works...great story....BTC dumps....sad story...rich as hell or poor as hell ..if you live long enough that is how it shakes out.

So...I suppose...I could blow a lot of my stash in the future. I have to have a real 'reason' above the lifestyle I have now. I don't need to pass money down...my relatives

younger than me are set. I'm single. No debt. So again, circumstances are such where this 'risk' people talk about with me is all about how much 'profit' me or my heirs

could come away with, in reality. I likely won't need to touch such. So I will either be praised for HODL'ing too long or damn'd for selling too soon. But again, in

the great scheme of things at my age...I'm trying to make everything an adventure..and whatever happens with BTC/Crypto it has been a 'hell' of a lot of fun since I started

in 2013. So for now, letting it ride and using 'attic mining' to clean out the stuff in the attic for cash to go into BTC dust for stuff to do.

Again, some of this is with what I tell is tongue in cheek....like for example when LTC was worth $1.80 and I was selling for BTC and I mined 12,969 of them....yeah..we

start talking about 'missed boats' and it is a whole nother thread......or looking at ETH page on ICO and at what was it $300 BTC too cheap to buy 1,000 for 1 BTC in the ICO.

I've been left at the dock more times at my 'ship that was supposed to come in' than a girl in trouble waving at the ships at sea wondering if someone will see me.

So yeah, you are correct, Chump or Champ or Boom or Doom....I can afford to take more risks that may be prudent for anyone else or indeed even myself...but retirement

and boredom are dangerous things..thus the attic mining for dust endeavors

Good to have goals.

Brad

[Searing]

Anyway, I got back about 4 BTC buying it back from original 13 BTC I sold at $3,695 on 12/24/18 I think it was.

Brad, not trying to rub things in. But I'm curious how a savvy BTC guy like you who has been into BTC as long as you have sold near the exact bottom of the market?

Did you really think at the time that Bitcoin was going lower? Or was it for something else?

He has admitted before that he panicked like a little girl.

his words

I get the impression that he is perhaps an older gentleman, I can see the allure of getting "something" out faced with the prospect of getting "nothing" out or waiting till you are old-as-fuck...

I am in absolutely no position to judge, having abjectly failed to harvest any benefit from the last bubble.  I actually typed "parabolic-er-er-er" at one point yet failed to sell due to greedfear.

The Mayor and I, leaning against each other sweating, horking into our NASA logo barf bags, hodling resolutely through the peak...

Emotions man, strong stuff.

You can't laugh at yourself what fun is there..but yeah watching $150 BTC at 1 BTC a day when I started mining Oct 18th, 2013 through the ATH and then the dump to $3,965...

yep, I cracked like an egg...but then again, at that point in time I did NEED the crypto to get me to 66 years and 2 months soc security and traditional investments...things

changed as in the previous post and I have traditional investment $$$ monthly now (that hell could really get hit in the future) so braver....but it is all about risk and reward

and again, having modest lifestyle all these years, except for the occasional toy or trip, when you do get $$$ for whatever reason the LAST thing you want is to raise your

spending lifestyle to what you think you need to be happy etc. That's a trap indeed. So again, from previous posts, my circumstances are right now ideal for HODL'ing due

to the above change in circumstances and my age of 65 and my retirement...and such. What do they say in the ads on T.V. 'conditions my a vary, not for everyone'

Brad

Anyway, I got back about 4 BTC buying it back from original 13 BTC I sold at $3,695 on 12/24/18 I think it was.

Brad, not trying to rub things in. But I'm curious how a savvy BTC guy like you who has been into BTC as long as you have sold near the exact bottom of the market?

Did you really think at the time that Bitcoin was going lower? Or was it for something else?

He has admitted before that he panicked like a little girl.

his words

I get the impression that he is perhaps an older gentleman, I can see the allure of getting "something" out faced with the prospect of getting "nothing" out

My way of thinking is that, if the following things are true:

1. You only invest what you can afford to lose,
2. Your quality of life is already at a decent level,
3. You understand Bitcoin tech,
4. You are not greedy,

...then you don't panic easily. You can HoDL down to even under $1k and not flinch. "Let it go to zero. I'm already doing OK, I don't really need it." That's what I say to myself when there's a big dip, and that's because of (1), (2), and (4). And if there's a big dip, I try to buy more coins, because of (3), but always respecting (1).

If you get scared easily and chicken out at big dips, you're doing it wrong.

Yep, this is true above "He has admitted before that he panicked like a little girl."

"Brad, not trying to rub things in. But I'm curious how a savvy BTC guy like you who has been into BTC as long as you have sold near the exact bottom of the market?"

Yep on the above....all them pesky 'real-life circumstances' below


Well, since HODL mode, except for mining and electricity and equipment, etc....I managed to HODL through it all from 2013 until 12/24/18 I dumped the 13 BTC.

But at that time (see previous posts) I had retired at 62 years at the ATH and was living off income from crypto until 66 years and 2 months and then I would
crypt
tap into my previous traditional investments at that point. Thus 30 years working with dev disabled/house paid no debt lifestyle...switches to crypto carry over

which I thought I had 3 years of altcoins to cover such ..burnt through that in 9 months with the dump/crash...again same lifestyle then without crypto and

66 years 2 months soc sec and traditional 'balanced' investments at my 65 years of age...again the same lifestyle. So again, retired with no change in money

or lifestyle or what I thought. So dumped the 13 BTC to get through next year or so with altcoins till 66 years and 2 months plan. ie thus panic and sold 13 BTC.

(hey, I only ran in the battle that one time..jeez). So my one great dump of any kind from HODL mode since 2013 and 13 BTC and dumping at the low was based

on panic and circumstances...I really, really was not gonna go back to work for another 1.5 to 2 years so yeah...I dumped 13 BTC indeed and assorted altcoins (at

least they were at the high compared to now)

Then as previous posts state had change in circumstances and monthly income improvement middle of 2019 ...thus the 13 BTC panic sale though understandable

was an overreaction..or not ..without the change in circumstances monthly improvement addition the 13 BTC had to go..since that no longer applies and such

I managed to worm back 4.5 BTC of the original 13 BTC sold in 2019 till now. So any way you are correct the panic did not come out of the blue, real-life pressures

did indeed cause me to panic sell, but one does not at the beginning of 2018 at ATH expect an 85% dump in BTC price and 95% dump in altcoins or whatever the %

ugly that it was. Anyway, circumstances have changed, discretionary money into my traditional investments does not seem prudent at this time, I expect a recession

thus HODL of crypto is probably a better bet now than it was even at these prices in 2018 given the current real-life and world financial health circumstances IMHO.

but what do I now... I panic sold 13 BTC at $3,965 USD...much angst...alas, lost the faith...a lapse in kool-aide drinking refreshment.

later

Brad

[JayJuanGee]

Currently, playing 'when to buy into more BTC game'...thinking I'll wait for a 'weekend weak dump' maybe?

Those currently who know my 'track record' on timing such, be sure to adjust your purchases accordingly, so you can

'mock' my 'timing' later.

(Hey, the wrong price at the wrong time is how I roll. On the other hand, if you HODL long enough ..it does not matter)

Brad

Well, I recall that you were selling items from your attic, and so you bought some BTC in parts of 2019 with that generated extra money.  

What is the source of the extra money that you have this time?  

Is it just extra savings that you have accumulated from your regular income over the past year or so?  

You did not want to buy BTC with that money earlier in 2019 as that money was coming in, but now, after BTC has gone up about 60% over the past two months you want to buy more BTC with that extra money that had been flowing in through the year?  The upwards BTC price movement, currently, is causing you to feel that you are underinvested in BTC because you are thinking that you might be able to get rich quick.. over the next 1-2 years?

I am not going to say that you are going to be wrong in that kind of 1-2 year period, even if it is unclear about whether you will benefit in the short run or have better buying opportunities in the coming weeks or months before the halvening.

These days, I prefer to think about any new money that goes into bitcoin to have at least a 4 year investment time horizon.  Of course, no problem if BTC


go shooting up from here, so then you would not have to stick with the 4 year investment time horizon thinking because once your injection of value is in profits you have options to pull it out at any time, but anyhow, since you and I should be in a similar position regarding having had already largely accumulated most of our BTC,  it seems strange to me that someone who had already largely accumulated in the 3 digits would be experiencing any kind of meaningful FOMO feelings after about a 60% BTC price appreciation in the past two months, not withstanding any inclination just to do a bit of dollar cost averaging investing from time to time, as money comes in, as heslo's above response suggests.

Caretaker for the estate. Money passes to me, I get some each month from the estate, I then watch manger of the estate and keep majority to pass on to nieces and nephews..that kinda

thing. The whole get around IRS thing using estate planning. Thus enough monthly income, that the crypto is not needed in retirement anymore. Or at least till we have another recession

or some such, thus the Bitcoin buying and the long HODL bet on such.

Also, attic mining!

I should call the nieces and nephews as I look at all the junk I likely can't toss (worth something) but likely will die the attic/storage. Thus call them up and say, "Come and

get YOUR crap out of my attic!" That would be the logical solution on stuff I'll likely hoard till then anyway. They inherit it then. Just do so now! They can sell it on eBay!

Just move the process up a little bit. That or me sell on eBay. (so boring to do).

Anyway, I got back about 4 BTC buying it back from original 13 BTC I sold at $3,695 on 12/24/18 I think it was.

I was pleased with sell when it went down to like to a low of $3,400 per BTC then. Er, now, not so much But 4 BTC back is better than the full 13 BTC down from that sell!

So anyway only 9 BTC down from original scream like a 9-year-old girl sobbing sale back then. Thus I HODL for less drama now.

I also can't let go of the fact that IF BTC and decentralized crypto dies on the vine and is taken over by banks (the blockchain) and such...I don't imagine fees for banks will go down..even

though for every fee still would be the top 1/2 of 1% or whatever usual $$$ ripoff.

With that kind of centralized control of crypto along with the current banking and finance system still in place it

is hard to imagine a world NOT full of Banker/Elite Trillionaires..in about 10-15 years. This assumes IF like that 1 BTC whale and you can move 1 billion in BTC for $26 bucks.

Imagine banks and the current elite controlling all that centralized blockchain coin but still getting current legacy fees like traditional banks on such.

Give that 100 years and we'd be under Royalty and everyone would be 'serfs' and onward and upward into feudalism again, IMHO. It would be bad indeed.

I'm 65 years old. I maybe, if extremely lucky, live another 25 years and be 'pinching' cute nursing aides in the Nursing Home, by that point in time.

So WTF, take a chance and HODL already. I may NEVER get that full 13 BTC back that I am currently down 9 BTC...but I'm trying to nibble it away.

I SHOULD dump my sh*tcoins and BSV and BCH, that fell from the sky on their forks and make the last 9-12 BTC up that way. But currently confused

with those sh*tcoins all pumping, big time! Some of which like LISK and SIACOIN I'm utterly befuddled on. But that is the other option of my plan to 'recover' those

last 9 BTC. But in 20/20 hindsight, indeed $3,400 coin was dire, so I should pat myself on back and that I only sold 13 BTC.  So 9 BTC to go till recovery.

Knock Wood! I am buying dust here now that it is under 10k again, so it seems the BTC flavored kool-aid drinking I did in 2013 still has some magical effect.

later

Brad

Well, yes, it is good that you have some extra income, but I really believe that there should not be any major concern to replace the 9 BTC that you sold (and were not able to make up), especially if BTC prices go anywhere close to fulfilling any of the price prediction models, such as stock to flow or the four year fractal model, so you could cash out 4-6% of your BTC stash per year in the coming 25 years (that is if you can live that long) and probably still end up with a decent BTC stash at the end of your life.. and have plenty of extra cash flow from the BTC along the way too.

Of course, if BTC prices end up tanking and not really going up anymore, then your cashing out approach might need to be a bit more conservative, but you still have a decent stash to work with.  There are plenty of folks who are still striving to get somewhere in the 10 BTC to 20BTC arena, so even if you are aggressively cashing out in the coming 10 to 20 years or so, you will still likely have more than 20 BTC at the end of the period.. or at least maybe somewhere in the 10 BTC to 20 BTC arena after cashing out the others at decent prices along the way.

Another thing is that your costs per BTC are well below the $1k per BTC amount, so you have decent profits on each BTC, too, even if BTC prices were to perform a bit more mediocre than the bullish price prediction models are projecting.

[JayJuanGee]

Anyway, I got back about 4 BTC buying it back from original 13 BTC I sold at $3,695 on 12/24/18 I think it was.

Brad, not trying to rub things in. But I'm curious how a savvy BTC guy like you who has been into BTC as long as you have sold near the exact bottom of the market?

Did you really think at the time that Bitcoin was going lower? Or was it for something else?

He has admitted before that he panicked like a little girl.

his words

I get the impression that he is perhaps an older gentleman, I can see the allure of getting "something" out faced with the prospect of getting "nothing" out or waiting till you are old-as-fuck...

I am in absolutely no position to judge, having abjectly failed to harvest any benefit from the last bubble.  I actually typed "parabolic-er-er-er" at one point yet failed to sell due to greedfear.

The Mayor and I, leaning against each other sweating, horking into our NASA logo barf bags, hodling resolutely through the peak...

Emotions man, strong stuff.

Seems as if you largely held through the whole thing from the top of the late 2017 price rise to present, Jojo......

I am, not sure if you bought more  BTC during the 2018 and 2019 lower prices, but if you largely held your BTC through that whole period, you are not in a bad position, right now.  Bitcoin is 10x higher in price than it was in the beginning of 2017 (a little more than 3 years), and that is not a bad thing.

Sure, profits on paper are not anything to laugh about, but historically we have seen that losses on paper, are not really A BIG DEAL either, especially in bitcoin, as long as the BTC investor has been able to hold onto his/her coins for 4 years or more.