Imagine selling now if you didn't at $60k
Yeah, my cousin just ordered a 75-inch TV with the money he got by selling corn a week ago.
I've warned him that this will soon be the most expensive TV set he has ever bought in his life. He didn't listen to me.
Huh?
Which cousin is this one? This was not cousin BeerHoDL, the one that was working on buying the dip and had gotten coins at around $60k and more coins around $34k and was looking at some more coins at $30k-ish?
From my memory, BeerHoDL would have been in the negative (unless he just categorized a portion of his BTC that he had bought at $34k-ish, for example), so much of that would make little to no sense (not that no coiners make much sense) to be selling at a loss or even not much of a profit, right?
We have seen variations of this kind of behavior from newbies in the past, and surely not limited to individuals because sometimes even institutions have little to no delayed gratification abilities and they are striving to lock in fiat profits.. which seems to be quite short-sighted to several of us longer term coiners.
Fortunately, that cousin is not BeerHoDL! BeerHoDL has so far proven to be a true HoDLer! He hasn't sold a single sat. BeerHoDL's recap: he has invested $12k in total. Half of that ($6k) was used to buy BTC quite high (before the Elon dip), and the remaining was again split in half, of which the first one ($3k) was used to BTFD. the remaining fiat ($3k) is still locked in an order to buy BTC @ $30,500. Not sure if it's a wise choice to leave that order there and not buy now, but he wants it done that way, and it's his money, so I won't insist. More on his story
here,
here and
here.
The other cousin (the one who ordered the 75" TV) is a great guy, but he's a shitcoiner, who has played with the market since 2017, and overall has managed to only triple his fiat investment. I'm using the word "only", because if he had listened to me he could now have an order of magnitude more gains than he currently has. Eventually, he put everything in BTC, as I had always advised him. But now he decided to sell 2/3 of his BTC for some "home repairs", and keep the 1/3 in BTC, although I suspect they won't stay in BTC for long, I'm pretty sure he will "play" with shitcoins again... Out of the 2/3 he liquidated, he ordered the 75" TV, which will be the most expensive TV set (or any item really) he has ever bought in his entire life. BTW, this guy is not my cousin by blood, but my female cousin's husband, so
I'm referring to him as a "friend" in this post I made a while back. Another post of his story
can be found here.
Anyway, apologies to all WOers for burdening you with my cousins'/friends' corn affairs...
But we all like a little bit of gossip, don't we?Edit: Fixed typos.Regarding the highlighted portion of your penultimate paragraph. You should not feel bad, AlcoHoDL. These kinds of discussions are likely helpful to a large number of us.. whether we are newbies or perhaps longer experienced BTC practitioner wannabes... lot's of us can make mistakes, even if we are a longer term BTC accumulator that may or may not have transitioned into maintenance or even aspects of liquidation. Without reminders, we might sometimes not even remember where we are at with any kind of level of accuracy, sometimes, so reminders do not necessarily hurt a variety of peeps like us.
Detailed descriptions of various personal BTC-related investment (and even consideration) circumstances surely can help people to both understand what others go through and we can surely springboard discuss around these circumstances - and who is even saying who is right? People make their choices based on a variety of personal considerations, and surely some of us might consider that making 30x on an investment versus making 3x should be the preferable option (and even with less work), and sometimes we can also convince the other person to attempt to learn from his/her mistakes, but sometimes people get a certain level of satisfaction from satisfying their gambling desires, even though many of us may be attempting to lessen (or tame) our own inclinations to gamble when likely a more prudent approach with less gambling and a bit more conservatism
(of principle plus some gains) ends up being the better way forward.
Hahahaha
And furthermore we can call your cousin or your friend a "dweeeb" and hopefully fewer feelings are hurt. We also know the expression: "asking for a friend" which does not hurt to approach some of the BTC thinkening matters from that angle either.
Never imagined the WO hat to be a gateway drug for:
I propose collectively wearing above hat with laser eyes to $50k. @xhomerx10 can you do you magic please?
I know that lot's of people consider the laser eyes as a $100k matter, and personally, I give few shits about $100k - which may or may not be a significant bump in the road
for ants along the way UPpity.
In other words, I am considering my own use of laser eyes to be ongoing, whether $100k is reached or breached or not.. and yeah of course, many of us have ideas regarding both the price action history of bitcoin and considerations regarding how much weight to give such BTC price action history in consideration of future likely scenarios that may well play out.
I am surely find a lot of persuasiveness in proclamations that BTC price is likely to be less and less volatile in the future and even that the size of the exponential price rises during the four year fractals are likely to become less and less extreme.. so let's say we seemed to have gotten around 78x for the last price rise from $250 to $19,666 in 2015 to 2017, this time around maybe we get less than 40x from $4,200 to $168k.. and so perhaps the next time around we get something like 20x from $50k to $1million and so on and so on..
Not even saying that my ways of thinking are scientific, but instead some kind of ballpark ideas that may end up playing out somewhat differently, and on a personal level I hardly give any fucks because I already have more wealth than I am currently able to spend. On a personal level, I need to hook up with some kind of gold digging scammer who will help me to spend way faster, or at least teach me to become more creative with blowing larger wadds, while still able to enjoy such.
On personal levels, not bad problems to have, but still sticking to my guns that ongoing UPpity has surely NOT been ruled out - and it is not even feasible to be getting 50x to 150x price rises, even if they had historically taken 4 years to play out.. these just seem logically (and physically possible) more likely to have to come down, somewhat with the growth of BTC's market cap, even if more and more BIGGER players are ongoingly coming into BTC along the way.
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