-snip-Fuck. She will be rich but she can never enjoy it now she is a ladder drone.
Ok... I guess I did see that one, and it seems that I was not as struck by it's humor, as you. Go figure.
On the interwebz, sense of humour has remarkable individual variation.
So, I really don't consider her to be following my lead very much beyond the initial choice to get into bitcoin and then to hold through a few of the downward bad periods.... which may have even caused her to be way more profitable in terms of percentage that she profited from what she had put in.
... which is quite a decent result for an elderly lady if you ask me.
Yeah... I already know that people have both a tendency to do their own thing and find their own way, and sometimes even a kind of willingness to gamble on a kind of "I know better" approach.
Surely, my mom made some small mistakes in her earlier days of playing around and experimenting much beyond what I had been suggesting, and I suggested that she had put a small enough money into bitcoin that she should stop playing around with it so much. If it goes to zero then she should just accept it, otherwise, just hold through the rougher periods of lackadaisical price performance.
I think part of the reason that she was able to hold onto her BTC for a decent amount of time - more than 10 months, with her portfolio in a decently large percentage in the red (I think more than 30%) was because she knew that I had invested more than her and my BTC portfolio was a larger percentage in the red.. and I had kept buying on a regular basis during those bad times in 2014/2015. Hahahahahaha... .
It all worked out and the portion that I had bought during 2015 had a higher payoff than hers, but I still think that overall, on a percentage wise basis, her whole portfolio had done better than mine, on average.
I told this story before, but I think that it bears some repeating, because some of my family members talk about my mom's situation from time to time, but there was a period in early 2017 in which my dad was kind of hounding my mom to take out some profits from her BTC holdings to at least get back her principle.. so that would have been in the $1k to $2k arena, and I told her that she could pull a bit out to shut him up, and maybe even to make herself happy, and I also told her that $1k to $2k seems to me like a bit of a dead man's zone in terms of selling - and that the price is likely to pass above such price arena... I said that I did not know any details regarding where the price might go and it could correct downwardly again, but it just seemed to be problematic to sell too much in that $1k to $2k price range. So, maybe in that way, I was a bit unclear about how much my mom may have skimmed a little profits and then rode the price all the way up to $19,666, but then got even more nervous when the price retreated into the $14k to $16k, so at that point, she did skim off a few profits there in order to buy something expensive that my dad had wanted, and they both kind of share it. Anyhow, in the $14k to $16k price arena, she cashed out nearly 4x her total principle amount, but that was only about 1/6th of her total BTC holdings, which she still mostly holds that remaining 5/6ths (except I think that she cashed out another 5% or so in the $11k arena in recent weeks.... but she did not cash out any BTC in 2018, even though I suggested that it would not kill her to cash out some if she thought it was necessary.. but she waited until the price had gone supra $10k to skim off a bit more profits and just realizing that she cannot take it with her.
So, a funny thing is that she has gotten many times her principle back and currently, her BTC investment is still worth at least 15x her initial investment amount... which should be a lesson to a lot of my family members who know decent amounts of the details of the story, yet almost no other family members have subsequently gotten into bitcoin beyond just dabbling here and there... making way less money than my mom and even losing money in some cases, which surely demonstrates that they want to go their own way and don't really want to listen to me or my mom (my mom does not say too much about strategy except to provide the conclusion that investing into bitcoin is working pretty well for her).
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