....i also have issues with price of btc jan 2018 and price in dec 2018 going down 70% or some such
after I retired with the btc/crypto as such....bout pissed myself hodl'ing thru that (did dump 13 btc was not gonna un-retire..got back 5 btc still down 8 btc or so grrrr from
the hoard grrrr...after that dump i was more or less immune through that horror....so HODL'ing became easy...
.................
just tossed it in a trust for when i die
My lifestyle in no way suffers....still have expertise as boring...and be stealthy with my 2012 Ford Fusion SEL with only $32.K of miles
Of course, i recall your late 2018, since I went through something similar myself in regards to my having to sell some cornz towards the low of that late 2018 dippening, and then I was ONLY able to recover less than half of what I had sold.
My own situation was due to my budgeting for a construction project that I expected the bills to come due in late 2018 but also to be spread out into 2019, so throughout 2018, $6k was tested as support like 6 times before it finally broke down, and when it broke down, I found out that my bills were coming in earlier than expected and even higher than expected, which I probably already had around 1/2 the cash that I needed, but I had to sell some cornz to cover the other half, and for me that was then around 4% of my then stash.. and yeah, maybe I bought around half of what I had sold back. It is not a really BIG deal since they were 4x or more in profits, yet the sale was at a time that was not of my own complete choosing, and part of the problem was my presumption that the BTC price would not meaningfully drop below $6k, which it ended up doing.
Regarding the Trust, it seems a bit strange to pass money onto some likely undeserved folks rather than figuring out ways to spend it yourself, but sure, you already did (and decided) what you were going to do. You likely could be living quite wll with your stash even following a sustainable withdrawal strategy, and also able to earn quite a large income off of your holdings, without really depleting it in terms of the ongoing appreciating dollar value.
Let's say that right now you were to have
46 BTC (yes I know this is hypothetical, but did you see what I did there?), then your spot price value would be about $5.3 million, yet more importantly, your 200-WMA value would be a bit over $2.4 million, which largely means that you could perpetually draw $240k per year income from your stash, which means that you could easily update your car or not. You would not have to worry about money with that quantity of BTC. You could live of yourself a cost of living adjustment of 7% per year, and since $240k withdrawal rate is perpetually sustainable you could pass on that withdrawal rate to yur decedents (heirs).
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When trading or holding Bitcoin, you can see two sides of people’s moods: one is happy, and the other is stressed or angry. The reason is that people often buy a lot of BTC with almost all their money. When the price keeps dropping, your mood becomes bad, you don’t feel like doing anything, and small things annoy you.
But when your holdings are making a profit compared to your purchase price, your mood is very good. I’ve experienced this many times myself. My Bitcoin, along with Ether and Sol, once dropped about 60% below my purchase price. I almost went crazy and didn’t know what to do.
Then a close friend advised me that if possible, I should take some loan in dollars and buy more Bitcoin and Ether during this time. He said when the bull run starts, it could go 3–5×. I followed his advice and ended up making a lot of profit.
From this, I learned that it’s better not to invest all your money at once, but to keep some aside for dips. Now, with what I have, I can secure my future and my future children’s future. I am not married yet, but my plan to marry in 2026.
The lesson is that in bad times, don’t give up find a way to protect yourself from loss.
Your story is all fine and dandy as it relates to bitcoin, yet your wanting to include ethereum and solana into the conversation puts your mindset into question. Do you know the difference? Do you know that you are in a bitcoin thread?
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Sometimes I think Bitcoin was invented by some time traveler or Aliens lol... But the code was too imperfect at the beginning, so I think it was just natural evolution waiting to happen
ah ha?
You seem to be getting into the interesting question regarding whether bitcoin happened to have been invented or discovered.
Time to start moving soon, Bitcoin.
Equities and precious metals flying. It really is about time we started seeing Bitcoin go up in price.
Q4 is close, I hope for and expect a significant pump soon otherwise we have had a very weak 2025. Historically Q4 in bull runs brings violent surges upwards. I don’t see why it should be any different this time.
Survive September and we feast in Q4.
We have been anticipating for the cut on interest rate and if that happens, zoom to $125k.
Bitcoin still have strong dominance that could make this month very bullish.
I am optimistic to see Bitcoin take the bull step to a new all time high.
our
What if I tell you that such greatly anticipated interest rate cut already happened on Thursday.
Does the existence of those facts change your assessment in any way?
Poll
