Dec 9th 2021 $261k
bit rude
lemme see it then. yours
$261,000
Just imagine, wow.
You are not going to be a bit pissed off LFC because you had sold 75%-ish of your stash at around the $75k blow-off top fake out that might come around September/October-ish 2021? because remember you were planning to buy back lower? would you second guess that selling 75% might be a bit much at those lower prices, even though it will both bring you a lot of pleasure and it will lock in a lot of profits.. but then you end up missing another 3.5x? Sure your 25% is still riding, so you would not have missed out everything, even though you are feeling pretty rich as fuck with your 75% cashing out.
JJG, I’ll be 35 by the time the supposed parabolic rise starts. I’d be more angry at myself for selling nothing at around $70,000 if we collapsed from there than I would be if I sold 75% before we get to $100,000 only to see us touch something ridiculously high like $200,000.
I took nothing during the last bull & these 4-5 years have been tough. I refuse to sit through another cycle without taking big money out.
As long as you are comfortable, ultimately.
Of course, we are going to have to see how it all plays out, and surely I have not been suggesting to NOT take out anything. Probably closer to my suggestion has been to take out a little bit all along.. especially once accumulation goals are met, then even maintenance can allow for a kind of ongoing removing of value along the way, so with my ONLY speculating about your details (and perhaps kind of having some decent ideas where you are at), I still remain inclined towards emphasizing incrementalism and beating you up about it (of course, just rhetorically) from time to time.
Of course, in the stage of your life where you are at, finances/age or whatever, you still seem MOAR inclined towards accumulating than me, and I am more on the maintenance end of the spectrum... and I am less shy about various deviations into liquidations, here and there, too... So, surely, I had already made a representation that I had largely "over accumulated" in 2015-ish, so that also causes me less shyness in terms of liquidating a bit here and there.. and if you are not quite in that "over accumulation" phase, then you are going to look at aspects of the whole matter a bit differently from me... but I still will emphasize incrementalism, whether we are talking about you specifically or any other persons who are similarly situated.. which likely are a decent number of similarly-situated members who are actively participating in this thread or merely reading this thread.
Maybe I am a bit envious, too (don't read that as a hater, because I appreciate if some members might be doing better than me in terms of accounting for their age timeline or even other aspects of building their wealth through bitcoin), that you have already reached a kind of financial investment success (even by identifying and getting into bitcoin) that is outperforming any investment that I had been making in my 20s and 30s..? so there is that angle too.
By the way, each of us recognize that there is a pretty BIG difference between building wealth on paper, and being able to really live it up from the proceeds of the investments that any of us has made by pulling some of the value out of one investment and putting it somewhere else, including having some comfort in holding decent amounts of extra wealth in cash because we have wealth in other areas that are actually working for us... so yeah, pulling out some wealth from bitcoin and putting it into other investments, keeping some in cash and using some on hookers, lambos and blow can all be reasonable steps, also including making other upgrades to the consumption level and standard of living are reasonable steps, too... so surely not meaning to assert those to be potentially prudent and reasonable planning strategies.
things heating up big time. I think BTC will hit ATH this month, before correction until Oct-November....
(snip...shitcoinery
....)
Jay’s gonna give you a wuppin for that.
You must be new here....
infofront (or maybe someone else? Perhaps?) probably deleted the post, because I did not even see it... .. besides the snipped quote, here.
Edit: I saw another later post, by the above-referenced dweeb.... Probably his days are numbered in this thread, if he cannot at least figure out some kind of more subtle way to weave-in his shitcoin pumpenings.. but we will see.. maybe he will convince us all to sell our BTC for his shitcoins? Perhaps? Anything is possible, almost.
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