That’s me until 2021 at least
Wow. Looks heavy as fuck.
you better keep carrying your shit as well
Whatever I do (buy, sell or HODL) remains very incremental because my long term investment took place over a considerable amount of time and continued to build on the stash.
Therefore, if I shave off 5% or 10% from my BTC stash for cashflow purposes, which would be a large amount for me, that would not be any BIG deal for the whole scheme of my BTC holdings or my overall BTC investment fund.
In any event, I continue to follow the main rule, which is buy on the way down and sell on the way up strategy, and another personal rule that I cannot sell any of my BTC unless I had bought them lower... .
By the way, as many might recall, over the years, I sometimes have helped peeps IRL get into BTC, and frequently, they will listen to me in the beginning, but also, frequently, they become smarter than me, so I have an acquaintance who largely had a $9k BTC average, and so recently, this peep kept selling decent amounts of BTC (high percentage of stash) in order to buy back lower. I kept recommending against this strategy, unless the peep bought the BTC lower, then the peep would be authorized to sell a decent portion of the part of the stash that was bought lower.
To some extent, the practice was showing that the peep was smarter than me because the peep's BTC stash was increased by something like 20% to 30% without injecting more cash. I continued to assert that sooner or later, the gambling strategy of selling BTC on the way down in order to buy back lower was going to back fire and cause the loss of most if not all profits, possibly including principle, which seems to have happened around $3,300. Peep is not saying too much, at this time, but I think that peep sold more than 70% of stash in the $3,300 to $3,400 arena. Not a place that I would want to be, currently.
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