Anyhow, Richy_T took his marbles and went somewhere else.. and whined the whole time about BIG blocker nonsense including supposed censorship going on within this forum.
Hunh huh... '
supposed' ... JJG tryna make a funny.
Know what's funny? I had a heart attack during december 2013 dump.
Now I will leave you wondering if serious or not.... I will just say that I have "the card" that enables me to joke with that as much as I want
Might be going down the TMI road, but health ideas should affect bitcoin investment ideas in terms of how much time might remain in your investment horizon, and what is your particular status whether accumulator, maintainer or liquidator.
Some people have real solid health issues that could spring up upon them at any time, but even younger people can sometimes be surprised by some kind of issue that comes up to make them more serious about considering their own mortality. Surely we have talked about it quite a bit in this thread, and I have even made some implications regarding my own thoughts about my timeline and how it might change.
None of us longer term holders really want to be considering cashing out any bitcoin during a dip, but if some additional health matters suddenly come up, we might change our viewpoint (back to having options) because we are already in profits, versus someone who is more clearly still in the accumulation stages - which might be anyone who has average BTC costs that are not clearly profitable and maybe in the less than 2x price appreciation arena rather than being in a 4x to 10x or more price appreciation arena.
Another thing is that some BTC HODLers may have gotten into bitcoin early (I saw part of your story in the BSV thread), but then they did not take the opportunity (by hook or by crook) to establish a stronger starting position, so their current accumulation of BTC remains ongoing because they feel that their overall stake still remains relatively low, even if they got started in bitcoin much earlier than others.
Actually, I recognize that I got started much later in bitcoin than some people, and even started buying BTC at way higher prices than their initial investment, but they made some BIGGER mistakes along the way regarding either cashing out too much or not buying enough on the dips, so then my BTC holdings ended up becoming quite greater than theirs. Of course, we all have boating accident issues, too - or something similar to that, so there is that concept, too.
The problem with life expectancy is that it is just that... an "expectancy". It is very rare cases when you know what your real "limits" are. For example, I could die tomorrow, in ten years, or even in 30-40 years. Heck, maybe there is a little chance for 50 more years (not unheard of in my family). That doesn't help to really change investment behaviour.
I mean, if I knew I only got 10 years left. Well, then I got more than enough to cover that with considerable better lifestyle/spending habits than I currently have. Without working. But what If live 30-40 years more? Then I don't have enough, so it is for that scenario that I need to keep making money.
Also, even if you have it all perfectly covered, sometimes shit happens. Like... you know, the tax agency (or an accident) decides there is reason to seize all your banking money and assets. Then there's the having some money outside the grid that I was talking in the post in the BSV thread.
So the thing is you never know how much money is "enough", even if you are not particularly "greedy". But, even if you already reached that point... there is still a solid reason to keep some (or even most) in an asset like Bitcoin.
Yeah, it would help to have a more precise live expectancy figure to be able to plan your financials... but that's not how life works. Maybe there are some pension/insurance funds that you could use (at a cost) that would cover you in case you end living much more than your statistical expectancy... but that's something I have not really looked into, yet.
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