Anyhow, I am having some trouble relating to anyone who has known about bitcoin, and who had been into BTC for 7 years or so to actually have only in the neighborhood of 1 BTC.. even though I do understand that there might be ways of explaining it, it seems to not be a very good example of how to approach this asset class.
Being poor, being born into a shit situation/location, living paycheck to paycheck, and sometimes not even that..
Sure, and people who are in those kinds of situations should be investing whatever their cashflow might allow, and not more. Can we agree on $10 per week?
That gets you about 4.3BTC.. and that is NOT even accounting for micky123 saying that he had 21 BTC at one time, which suggests a whole other dynamic going on, including the fact that he has had some disposible income or he was engaging in deranged gambling which is surely not a recommended strategy whether rich or poor, even though rich can afford it more, but poor people seem to engage in such stupid-ass conduct too.
I understand that there could be some who might not be able to go as high as $10 per week, but still work with me on this.. instead of assuming too many facts that are not even presented by the case of micky123 that were presented.
That’s why I have been so adamant about NOT selling, because these lottery tickets are basically irreplaceable..
Lottery tickets? Not sure I would characterize bitcoin as a kind of lottery tickets even though bitcoin does seem to have an asymmetric upside potential.. which is a similar, but different concept from "lottery tickets."
Were, even at sub 10k levels..
Yes we were,... for a long fucking time. Snap out of it.
I’ve managed to get and hold onto more than one, but any pragmatic person in many of my past situations would have sold them all to keep up in real life, but I did not, and still will not..
Well maybe you have learned something over the years? Perhaps?
I’m doing much better these days, but not everyone have disposable income for wild investments..
$10 a week.. let's try that. I understand that not everyone has $10 per week, but micky123's assertion that he had 21 BTC at one time does seem to imply pretty damned strongly that he could probably put together $10 per week.. even if he had to try to get smarter during the process of making that sustainable for more than a few weeks.. and perhaps make it sustainable for 7 years or so? perhaps? perhaps?
On another note, I bet half or more of DT1 on this forum can’t even sign a half a Bitcoin, much less one whole Bitcoin.. Many not even 1/4 or even 1/10th a coin..
You can bet or speculate all that you like.. who fucking cares? Do they have $10 per week? Could have they put together $10 per week to be sustainable for the past 7 years? Then they would have had about 4.3BTC.. go figure?
How do you feel about most of the democratically elected community leadership on this forum (DT) don’t even have any skin in the game?
I could give less than two ratt's asses, even though you are making shit up to make your strawman argument and then to win an argument that you made up.. great job. You are quite the rhetorician.
Especially the 3rd world althunter circle with +10 positive trust each in a circlejerk for “finding alts” and being obsessed with leaving red tags.. Most not even having 1/4mm sat to rub together..
I don't hang out in those parts, so I don't really know.. and I am not even sure if it matters very much.. there are a lot of dumbass shitcoiners out there, and if they happen to be on the forum, then so be it. Maybe they might learn sum kind of thingilie sooner or later? Perhaps? perhaps?
Doesn’t seem like the most optimal situation to me..
While you seem to be a glass half empty kind of guy anyhow, so I sometimes wonder how you have gotten by this long in your life.
What do you think?
I think that you like to argue for the mere sake of it, and to make shit up in order to support some dumbass argument that hardly even relates to the points that I was making in my earlier post.. except perhaps tangentially.
Get a grip, eddie not ready.
Anyhow, I am having some trouble relating to anyone who has known about bitcoin, and who had been into BTC for 7 years or so to actually have only in the neighborhood of 1 BTC.. even though I do understand that there might be ways of explaining it, it seems to not be a very good example of how to approach this asset class.
It happens. That's life. Some of us were not in very good positions to keep or maintain or hodl and had to survive, even before the pandemic, even before the bear market.
Basically what eddie13 said too.
At some point, because I simply do not have enough sats, I will also have to "cash out" a little bit. Hopefully there will be more of it left so the "no exit strategy" will work in a few years.
As a mentor of mine once said, it is a problem of having "too much month at the end of the money."
I am still going to judge someone who had 21 BTC being able to put aside $10 per month for 7 years or longer and that might NOT be over invested.
If you want to describe some circumstances to defend your counter-thesis, then go ahead, be my guest. I still believe that I made a good point, and I am not failing and refusing to account for potential problematic cashflow areas that some people likely have.
Anyhow, I am having some trouble relating to anyone who has known about bitcoin, and who had been into BTC for 7 years or so to actually have only in the neighborhood of 1 BTC.. even though I do understand that there might be ways of explaining it, it seems to not be a very good example of how to approach this asset class.
Being poor, being born into a shit situation/location, living paycheck to paycheck, and sometimes not even that..
That’s why I have been so adamant about NOT selling, because these lottery tickets are basically irreplaceable..
Were, even at sub 10k levels..
I’ve managed to get and hold onto more than one, but any pragmatic person in many of my past situations would have sold them all to keep up in real life, but I did not, and still will not..
I’m doing much better these days, but not everyone have disposable income for wild investments..
On another note, I bet half or more of DT1 on this forum can’t even sign a half a Bitcoin, much less one whole Bitcoin.. Many not even 1/4 or even 1/10th a coin..
How do you feel about most of the democratically elected community leadership on this forum (DT) don’t even have any skin in the game?
Especially the 3rd world althunter circle with +10 positive trust each in a circlejerk for “finding alts” and being obsessed with leaving red tags.. Most not even having 1/4mm sat to rub together..
Doesn’t seem like the most optimal situation to me..
What do you think?
Well... i have been dormant for a while, only recently came back on. I do not regret converting my BTC into Fiat, especially since it gave me the freedom to not be in Debt! In hindsight, i can say that i made full use of the bitcoin i had, it actually all boils down to what makes you happy i guess! In my case, i used it for paying off my mortgage much faster than the 20 year plan i had (paid off in 2 years!). Paid off a new car, bike and went on umpteen holidays which is something my wife and I both love, invested in my hobby of diecast collection, which in itself is worth a fair bit right now!
Do i regret not having all 21 BTC, sure i do, i would have retired without a second thought if i had that kind of purchasing power but then i am looking at a retirement at 40 opposed to 50 which was my earlier plan and it is all because of Bitcoin!
Isn't micky123 making my case for me? He is not someone who is lacking in disposable income, and sure there are likely cases that are more desperate than micky123's in which some BTC have to be shaved off along the way, but I am also referring going from 21 BTC to less than 1 BTC.. and considering that as a problematic way of treating a BTC investment. I am sticking to my earlier points, and if people want to give some other facts for the selling of BTC and to justify it, then please, state your case or your hypothetical, which would likely be quite different from the factual circumstances described by micky123.
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