O.k. Presuming that I might possibly have more than one bitcoin, that one bitcoin is a good goal, and remember how long it had taken Mindrust to get to 2 digits? I am not going to suggest that I am better off than him or worse of than him.. at least where he was at. He was proud of reaching 10BTC and then either the same day or the next day, he sold everything..... Fuck.
I'll say it again: poor Mindrust. One day he'll become popular like that bitcoin pizza guy by showing up on TV and telling his story of how he sold the bottom at ~$3800? Anyway, his story is just another hodling fuel for me. Sell now regret it later.
Did someone call me. xd
Selling from the bottom costed $40k+ now btc is going above $8k and possibly will keep losing while it keeps going up. Still though, I know how It felt when I was over-invested. That's something I don't want to experience ever again.
Got %1 exposure in crypto right now and it feels quite good actually. In time It will reach %10-20 probably and I don't want it to go higher than that. I don't expect anything more from this investment tbh. I'll mostly keep staying as cash in the next 3-5 years.
I don't see this disease going away soon. Still making my $50 weekly buys, no big deal. Got some alts like ltc and xmr too. (I am not %99.99 btc anymore) If these all reach their ATH's again, it'll make up for my losses last month. I don't expect anything more from crypto.
It is all about how you feel safe, well, I feel safer when I got more cash around. (no offense, I don't feel safe with an asset that is volatile af) Back to buying lottery tickets. If they go high, its good. If they go to zero, who cares. Stopped being greedy about it. It doesn't do good to me.
*I'll also be extracting cash out of it as long as it keeps going above %20 of my portfolio. (That's something I should have done since the beginning) Last month changed my views on making investments a little bit. (hopefully in a positive way)
Actually I don't have any negative comment on mindrust's situation or logic. Nor JJG's (even if they disagree w/ each other, haven't been keeping up with their dialogs).
Circumstances come by from time-to-time which may force us to make decisions that later on prove to have hurt... It's happened to me many times. My trading (not BTC, but SPY "puts" long ago) has demonstrated to me beyond a reasonable doubt that trading (gambling) does not work for me. Never could get the hang of it. Same with playing poker in casinos (referring to many bad sessions playing poker there, fortunately for low stakes).
And the circumstances forcing a premature or other sale of BTC or whatever can come from many sides... FOFOA (my go-to gold guy) has suggested to NOT own too much gold, as circumstances (medical bills, etc) may force one to sell part of the "stack" for needed liquidity,
and typically at a BAD time. Even as he expects gold to go to $55,000 - $100,000 per ounce.
"Circumstances" are a major reason that I like diversity and NOT pushing limits in owning non-traditional assets (and even traditional ones). Like mindrust, I like to keep a fairly ample supply of CA$H/U$D around, because "circumstances" happen.
Shit happens. Black swans and all.
I too am hoping my BTC will make a meaningful positive contribution to my (and my family's) overall financial position. Like mindrust, I am not (too) greedy. As I have no idea what will happen to BTC (nor even gold), I place my bets based on my perceptions of perceived probabilities vs. potential gains/losses (risk/reward), and I try to read up as much as I can.
Many (almost all of you?) of you guys are younger than I am. Younger people have more time to recover from mistakes, I do not.
Gold BTC Bearing Guy is proud to ride with the W.O. posse. But do keep in mind that all of us need to be careful and that each of us have differing issues.
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