Any OG who are like @philipma1957 are incredibly advanced for boomers.
Apart from a few boomers posting here...only 4-6% of people after 64-65 are into bitcoin (I read it somewhere-no source).
I am fine with his diworsification, albeit, disagree that litecoin tech is superior in any sense. Litecoin is a derivative, a copycat..silver to gold, so to speak.
Changing the whole 401K into bitcoin would have been incredible if done 10-11 years ago. I converted only 10% or so of my fiat resources into btc a while back.
Would it been better if I allocated 30-50%..sure it would be, but as Michael Saylor said: "I could have bought bitcoin at $100 when I [MS] first noticed it, but I bought it at $10000, when I needed it". Everyone pretty much buys it when they "need" it, either physically or intellectually.
I also understand the @JJG point about buying (or not buying i-bonds). There were other, much simpler ways to get interest last year, like money market funds, which are liquid, while i-bonds are not.
I think @philipma1957 is diversified (from what I gathered). Yes, maybe buying i-bonds when btc was at the lows of around $16K was ill-advised, but everyone only know it by now, not back then. Besides, Phil is doing the "work" for many of us (including myself) who is not currently mining, but verbalize about bitcoin.
@philipma1957-what is the Th value/power of your mine, if calculated back to just yourself?
Enough of JJG saying I sold at 16 k
I sold at 23.6 k in Aug
I set up a DCA in Nov thanks to JJG!
I set up ladder buys in Late Oct
My ladder buys of BTC kicked in last Nov
So I did buy
BTC at
*20.8 k on Nov 4
19.7 k on Nov 8
18.3 k on Nov 8
18.1 k on Nov 8
17.8 K on Nov 9
17.2 k on Nov 9
16.9 k on Nov 9
16.1 k on Nov 9
15.9 k on Nov 9
15.7 k on Nov 9. this was the best price I got.
*16.7 k on Nov 11
* 16.6 k on Nov 18
15.9 k on Nov 21 this was a bigger piece
* 16.5 k on Nov 25
16.6 k on Nov 27
* 17.0 k on Dec 2
* 17.2k on Dec 9
17.0k on Dec 12 this was a bigger piece
*16.9k on dec 16
16.8k on Dec 17 this was a bigger piece
16.7k on Dec 17 this was a bigger piece
16.8k on Dec 17 this was a bigger piece
16.8k on Dec 17 this was even bigger piece
16.4k on Dec 19 this was a bigger piece
*16.9k on Dec 23
*16.6k on Dec 30
My sales stopped on Aug 17 last year price was 23.6k
and a sale in June for 21.7 k
plus seven sales in May at 31k to 38k
those BTC sales allowed for the purchases in Nov and Dec.
As for value of the mine. It is setup and runs at a profit
zero debt on it.
JJG simply does not speak that accurately as to what my BTC sales and buys were for last year. Especially the sales.
The lowest sale I did was for 21.7k price point
Poll
