A few more gaffes like this, @jjg 'girl', and people might start to have more doubts about you.
You got this bot on the defensive now..
Oh shit. it's all down hill from here on out.
I should have been nicer.
If all you did was buying the ticket "bitcoin" on coinbase and 5 more exchanges and then exchange the former for USD, than I would say that peeps should hear NOTHING from you and slap YOU instead.... You are, basically, a fiat "person" (pretending to be a bitcoiner) with "not your keys, not your bitcoin" situation.
That's your theory? I thought that I had explained the situation of my lil selfie a wee bit better than that, no? to the extent that any of it matters, right?
Your theory seems to be that I sell way too many BTC along the way.. so therefore, I am valuing my wealth too much in fiat, right?
I have heard some version of this theory previously, but my explanations of what I have done should have largely negated these kinds of faulty perceptions, to the extent that they are based on some kind of an attempt of potentially legitimate claims.
Keep in mind some basic facts that I have consistently asserted:
1) I already had a pretty damned decently-sized investment portfolio before getting into bitcoin in late 2013.. In other words, my already existing investment portfolio was largely already able to support my lifestyle.
2) when I bought into BTC, starting in late 2013, and building the bulk of my investment (allocation) into BTC through 2014, that was largely intended as a kind of hedge of my other investments.. so sure, it would have been nice if the BTC proportion way outperformed the other aspects of the overall investment portfolio, but the amount invested overall was within a range that would have been decently tolerated (I would have not gone broke or had inabilities to maintain my prior standard of living) even if the BTC portion had ended up going to zero.
3) by the time late 2016 came (and it could have even been realized by me in early to mid-2017), I was already beginning to temper down my tentative considerations of either reallocating back to original proportions or to sell higher proportions of BTC on the way up, so in essence I was already doing the opposite of what you are proclaiming that I do - which was that I was hanging onto way more of my BTC than I had originally planned as the BTC prices were going up (and even speculated as being able to continue to go up). In essence my original plans were to either sell more on the way up in order to NOT become too overallocated into bitcoin or just to perform periodical reallocations... which are accepted and acceptable mainstream investment practices. Largely, I did not do those things. Largely I decided to reject those supposed prudent investment portfolio practices and just continue to let my BTC portfolio values ride - which is also thought to have been a wee bit more risky.. but I just ended up going down that path and I am still largely in that way of managing my BTC portfolio in ways that largely contravene a lot of traditional investment advice.
4) Even from just entering into bitcoin in late 2013 and continuing to think about the entry into bitcoin matter during early 2014 and even later with the passage of time, I had always agreed with the overall approach of buying on the way down and selling on the way up.. but really, throughout all of 2014, there were not too many points in time that my BTC portfolio was significantly and meaningful into profits, so therefore, I never did feel that I got into the sell on the way up stage of investing into BTC through all of 2014 and even into about half of 2015. By the time, mid 2015 came, I had acquired enough BTC in the lower $200s that I adopted a BTC management plan that included authorizing my lil selfie to be able to sell on the way up.
So I ended up dividing my BTC holdings into three categories: 1) those BTC that I acquired under $300 (which had about a $240 average cost per BTC), 2) those BTC that I had acquired since late 2014 (which had about a $340 average cost per BTC) and 3) my then whole BTC portfolio that had more than $500 average cost per BTC. My point is that I created systems to sell ONLY from portions of BTC that were profitable but only authorizing myself in very small degrees largely in order to attempt to prepare myself (psychologically and financially) better for any further BTC price downfalls that might happen. Furthermore, you already know about my claims about having had overinvested into bitcoin, so, in regards to having had "overinvested" I did not have reservations about selling off some BTC so long as they were profitable. So, in essence, my theorized systems to sell were very formulaic and an attempt to ONLY sell from profits rather than selling BTC in ways that would dramatically undermine my prior efforts to accumulate BTC. So let's say hypothetically that I had 10 BTC that fit in the first category, 20 BTC that fit in the second category and 30 BTC that fit into the 3rd category. I had authorized myself to sell from the profits, but only a percentage of the profits. So let's say that BTC prices went up from $250 to $300, so profits on 10BTC would be $500 (10 BTC x $50), so from those profits, I would not have authorized myself to sell any more than half of the profits, and many times the profits that were sold were way less than 1/2 of the profits because I developed a system that I monitored and also had ended up accumulating cash with the passage of time... so I had BTC to sell if the BTC price went up and fiat to buy if the BTC price went down. So you can perhaps appreciate that once the price went above $340, I had authorized to use larger portions of my BTC portfolio to calculate my authorizations and then when BTC prices went above $500, I was thereafter able to use my whole BTC stash as a way to measure my sales authorizations. And, surely the higher the BTC price went, the higher and higher the cushion, but surely also less desperation in terms of selling BTC in order to prepare for possible downity prices because sales of BTC had already been happening all the way back to $250 so there was already cash stacked up all the way down the price ladders.
5) Having had already established enough of an investment portfolio prior to getting into BTC allowed for an investment situation in which the BTC portion of my overall investment portfolio was largely intending to supplement those other portions, yet the fact that BTC prices exploded 78x during the 2017 price bubble (had a correction period) and then continued their price appreciation another 3x beyond the 2017 prices created a lot of surplus in a BTC portfolio that had already involved some overinvesting, but surely not desperation either in terms of feeling any kind of need to sell BTC along the way, but since the sales of BTC had always been quite moderate and way less than the profits that were being generated by the BTC, many of the BTC profits were being folded amongst themselves and among the overall principle. So even if I would not personally be able to proclaim 78x profits in 2017 or 240x profits in 2021 in my own BTC portfolio - I could still formulate a kind of rounding amount of $1k per BTC and proclaim 20x in 2017, 65x in 2021, and even round about floating profit levels of 45x to 55x as I type this post. In other words, there is no lack of flexibility due to having profits in the BTC portion of my overall investment portfolio... so if there are proclamations that I have been taking too many profits in fiat, those proclamations are way exaggerated in terms of neither accepting presented facts and merely seem to want to make shit up, in terms of someone who had like ur lil selfie (referring to Biodom) having had way underinvested in BTC and just wanting to ride the BTC price into profits hoping that BTC prices go to $10 million.. rather than being in stupendous profits already which seems to be my own case, even if we were to merely use $1k per BTC as a kind of round-about presumptive cost. of mine.
So, I remain quite baffled why uie-pooie (referring to Biodom again) want to make so many presumptions in regards to someone like me selling too much too soon, when my practice has largely been largely overweighted in the arena of HODLing BTC and not really selling too much beyond the attempted downside insurance aspects... and really largely my own case has ended up in someone who has created almost a crisis in the direction of needing to sell BTC because of both the overallocation but also in terms of the great amount of price appreciation that BTC has already had through the years, especially if we even go back to late 2015.
Now, sure someone like you, Biodom, remain so damned whiney about this whole BTC situation because you had never really been too bullish about bitcoin, including your somewhat whimpy allocation of a lump sum investment of around 20 BTC in 2015, but also your failure/refusal to really meaningfully and significantly buttress your BTC stash along the way, but instead you have just suffered from ongoing whining episodes through the years in terms of both your inadequate initial investment, but moreso about your failure/refusal to continue to meaningfully stack along the way in the subsequent 6 years or so. I am not even proclaiming that my 0.63 BTC stash competes with yours, but I am saying that I had been employing the proper, substantial and meaningful tactics along the way in order to neither feel psychologically nor financially butt hurt, as you seem to do.
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