So yeah if you are fairly young, then the timeline aspect can screw you up in terms of establishing an accumulation goal but then having to figure out how much that you would actually need to pull the fuck you lever in order to sustain yourself which could be a quite daunting projection in terms of the number of years or even your earning power if you are ONLY late 20s or early 30s as compared to someone who already entered into their 60s and likely has a much shorter time horizon and might not feel so compelled to conquer the world in terms of ongoing earning power.
I am still kind of assuming that you, shahzadafzal, are contemplating the top or possible tops in terms of your desire to accumulate more BTC, and you have not even come close to reaching your BTC accumulation goal, and that is part of the reason that you are expressing some anxiety in terms of what can be done (on a personal action level from yourself) in regards to BTC price swings that we largely know to be inevitable, but we really have few clues as to exactly when they might come - even if there are all kinds of trading theories including waves and some of that other bullshit that we could try to plug into bitcoin as a less mature asset class but has its own price performance models that help us to figure out how bitcoin's likely price performance fits into the other trading models.
Well i won't be denying your judgement in fact i would say it's pretty accurate... yes i would accept i'm still in the beginning of BTC accumulation phase.. my first BTC buy was in late 2017 so of course i'm late. and regarding the trading theories they all go above my head but i will believe if it's coming from someone credible.
.. and yeah, you want to incorporate selling into the formula.. I know I know.. and I do not recommend, unless it is very small amounts and a kind of profit taking kind of formula.. consider the
(SSS) - A Sane and Simple bitcoin Savings plan raking solution (even though rpietila.. rest in peace, was far from sane, there are some good ideas contained in that thread).
Wow i love it... that SSS analysis by rpietila is something... only wish if i had read it back in 2013 and its still valid but of course again it varies person to person and specially in today's market if you already own enough BTC let say in thousands you don't worry about acquiring more but spending carefully.
Well, if you work your fucking ass off in various ways, you can use money from what you have earned to buy bitcoin, including figuring out ways to cut your living expenses, such as vapourminer's favorite ramen noodles.. and you can use some or all of the saved money to buy bitcoin. You can also forestall on making expensive purchases, including depreciating assets, and consider whether it is practical to own such an asset or decide to rent a $2k per month property that you can rent out 2/3 of it for $1,500 and only pay $500 per month in rent rather than getting a place for $1k per month in which you would have to pay all the expenses, which could give you $500 or more in money to invest into bitcoin. Of course, your age, your skills and your ingenuity could make differences, and sometimes, luck can help too.. but maybe you prepare for being able to get x, y or z lucrative job, but you end up with luck and you get the xyz job that ends up being a better one than you had even contemplated but your preparations had help to put you in such a position.
keeping your many valuable advices a side this one i love the most hahaha... well i see some of you guys have already convinced your partners on bitcoin but my wife... well she never opposed my bitcoin investments in fact she will support me but whenever I would ask her to buy BTC for her she would say "better buy me a gold ring"... so yeah I guess now my ramen noodles savings only can buy me some more BTC.
You have to decide for yourself what is your status in terms of accumulation and if you need to be spending time in more lucrative activities. On a personal level, I have largely been on the forum for a bit over 7 years, but largely I had already reached a quasi-retirement status when I came to the forum.... and in my case, I had some business that I was involved in (in 2014, 2015 and 2016.. that I was trying to figure out ways to wrap up and get out of .. which also took several years to sort out.... but did not exactly require me to have to earn money from it.. even while I was trying to wrap it up. .. which probably ended up taking way more time than it should have.. but again personal choices regarding how to spend time and how much money is needed to be earned from some of the chosen activities.. or maybe what other benefits are derived from certain hobbies - such as maintaining health through exercise, even though it does not make any money).. so each of us is in a different position.
Yes true many factors come along... of course you aren't alone there are people around you effecting your decision and choices too. So you have find a right balance... many of friends are in bitcoin but i think in my close family it's only me.
Of course, you are going to get hate for your wanting to talk about shitcoins in this here thread... not that it might not be a potentially valid way of gaining more bitcoin (and maybe scamming others out of their bitcoin?), but it is NOT on topic in this here thread.... because, in part, such shitcoin topics have tendencies to devolve into shitcoin pumpenings, bitcoin naysaying and a lot of distracting off-topic devolutions, distractions and nonsense.. and ain't nobody got time for dat!!!! at least not in these here parts.. so take your shitcoin contemplations and brainstormenings to udder parts of the forum.. there are udder parts of the forum for those kinds of contemplations and brainstormenings (that are potentially valid, but off topic in these here parts).
Thank you I got my answer... but yeah i won't comment on it further
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