I have a fantastic 345,000$ Samsung desktop monitor (2021 ATH price). Luckily it's only 85,000$ rn ... still using it though
You must be richie.
On a side note, there is always spend and replace. So if you feel that you are spending at the top, then you should not feel rushed to replace the amount of BTC that were spent... however, if you were spending at a point that was at or near the bottom, then it may well have been best to replace in a relatively prompt fashion.
On a personal level, I cannot measure my feelings each time that I spent my bitcoin, but my current memory is that I tended to be quite anxious to replace any BTC that I spent prior to early 2017.
During 2017, I was a bit less anxious in regards to whether I would replace spent BTC or not, but I would still would tend to have a bit of a plan to consider the setting of repurchasing possibilities and parameters... which may or may not end up getting met.
My memory is not 100% regarding how my spend and replace feelings would change, but frequently I would make some kind of attempt to have a spend and replace plan... yet if I were to have 10 BTC (hypothetically speaking) and if the BTC price went up somewhere between $50k and $69k.. and during that time, I had my regular practices of selling on the way up and buying back on the way down - however, maybe during the period in which the BTC price is within that price range, I might run across some situation in which I felt that I needed to spend some extra BTC - maybe spending 0.5 BTC extra.. and then at the time that I spent the extra BTC I would not know whether the odds are very great about whether I might be able to replace those spent BTC.. I might have a bit of an ambiguous feeling.. but I would still attempt to create a kind of tentative plan to replace those BTC if the BTC price were to drop.. and then if there might be some passage of time in which my allocated cashflow will be able to kind of make up for the extra BTC that had been spent.
Another scenario that I have experienced has been the need to spend additional BTC even though the BTC price has gone down considerably.
I feel that this particular cycle I have not really felt that I needed to spend too much additional BTC on the way down.. but there are always life matters, life events, expenses, and sometimes it is not exactly clear to me regarding how much I might be spending on consumption goods or how much I might feel that I need to have set aside for investing or possibly DCA or buying on the dip.. even though I will kind of ballpark make a plan that feels comfortable.. and then adjust it as time goes.. which might result in more and more fiat set aside and stacking and ready for dips.. and maybe some of that gets executed and some of it just sits there... as I already mentioned that for this particular dip, I had ONLY had money set aside for buying down to about $20k, but then in May-ish once BTC prices looked pretty convincingly like they might be going down to challenge the UPper $20ks again. and which would leave questions about whether lower BTC prices might be possible.. I started to make a variety of preparations for BTC prices to go lower.. so then the initial preparations were down to $17k and then later down to $14k and then currently the preparations are down to $10k-ish.. fuck.. hate to do it, but still there seems to be needs to put myself in a place of comfort.. ..
I have several times mentioned my short-fall in cashflow in December 2019-ish, and during that time, I felt that I had to spend around an extra 4% of my BTC stash in order to meet some of my cashflow shortfalls, and BTC prices were around $4k around that time.. .. I recall that within about the next 4 months, I was able to replace about 25% of what I had spent (which would have been about 1% of the total); however, for some reason I cannot recall being able to replace more than that, even though we did have the March 2020 drop in BTC prices.. It seems to me that at some point, I just reconfigured my whole BTC holdings, and it would have been still around 2-3% smaller than the amount that I should have had in December 2019... and surely, at some point, I also just lost track in terms of whether I was in a place that I should have had been or if I should be in some other place or if I should be thinking about how much extra BTC I had spent at a time that was not of my own choosing.
Maybe that is one of the advantages of having extra BTC..? I mean having more BTC than the allocated amount.. that had been established by me in about late 2014..
So, to attempt to put some concrete numbers on the matter, if we go with the hypothetical of having 10 BTC, and then there was a need to spend an extra 25%, which would have been about 0.4 BTC. So then the BTC stash was then at around 9.6 BTC, but then within the next 3-4 months, around 0.1BTC was bought back.. and it could have been that a bit more than the 0.1BTC was bought back, but probably a lot of the "where I should have had been" got lost along the way in terms of thinking about "where I am" rather than "where I should have been." .. and even having a similar story as cAPSLOCK, if I look at my BTC portfolio right now, it seems to me that largely I have a similar amount of BTC as I had back in December 2019.. .although for sure, maybe I would need to figure out everything that I have in terms of how many BTC versus how much cash versus how many other assets, and try to figure out? Am I better off right now, in terms of my net wealth and in terms of how many BTC I have, even considering my various projections of how many BTC (or how much networth) I thought that I might have if I had taken a snapshot of my financial projections in December 2019 as compared with where I am right now, including accounting for everything that has gone on between December 2019 and now. Am I better off than some other hypothetical version of myself or some other hypothetical version of what might have happened if I were to have had taken some other possible and reasonable course of actions different from the course of action that I had chosen to take? Personally, I cannot really complain. I feel pretty good.. even though it would b e nice to be in the same financial and psychological position but to have about 10-20 fewer years de edad.
Edit: I could not resist. I went back and I did a quickie look at whatever my overall accounting appeared to be in late 2019 and what I had then projected my networth to be for November 2022, and with a quickie look, the closest projection that I could find was around early October 2019, and I look at my actual current networth situation as compared to what I had projected in October 2019, and my actual networth is about 50% higher than the projected networth. Sure, you could criticize my projections as being too conservative, but the projections are not really very conservative at all. In other words, I had already projected that my networth would go up by a bit more than 20% over 3 years (which seems relatively conservative, no?); however, actual performance exceeded my projection by 50%.. so for example, if I had a networth of $100k in October 2019, and then I projected the networth to go up to $120k by November 2022; however instead the networth had gone up to $180k (which is 50% higher than the projection) - even with our current situation of a seemingly outrageous BTC price slump.. so I am not trying to brag or anything.. just providing a report and it is really hard to complain about those kinds of numbers... actual performance exceeding expectations..
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