You are going to need more than 0.21BTC then.
Hi JJG: I see you repeatedly mention that figure and I wonder why. I remember years ago it was said to try to get your hands on at least 1 Bitcoin to secure your future . Perhaps 0.21BTC is the new 1BTC? I guess with the increase in demand, and price, with 7 billion people living in the world, having 0.21BTC can secure your future. Is that so? That's the explanation I give but I'm not sure if that's what you mean.
For sure, I am not suggesting that anyone should stop accumulating BTC way premature if they still have the ability to keep accumulating and they have not reached their goals, yet. The punch line to the current target of 0.21BTC is a kind of realistic acknowledgement that accumulating 1 BTC is starting to become way out of the reach of a lot of people - so we should want to attempt to stay realistic for the vast majority of people in terms of helping them to set reasonable targets that they can reach and then perhaps keep on moving the targets upwardly (if feasible and reasonable) once the lower targets are reached.
Sure of course, there could be a bit of a problem if a guy were to actually reach fuck you status, and then he has no diversification at all or hardly any diversification (and I am not talking about getting into shitcoins), because then he would be in a vulnerable position in terms of having all of his wealth in BTC - especially when it is so volatile...and having all your eggs in one basket is not likely to be increasing either your comfort level or your options... and again fuck shitcoins, I am not referring to them.
It seems that when I was first getting into BTC in late 2013, the BTC price had gotten up to $1,163, and there were quite a few bitcoin regulars who were still gravitating on a kind of goal of accumulating 21BTC as their kind of starting out point (or maintenance point).. and sure there were some of the longer-term members who might not have been too wealthy or anything who would have been still focusing on getting their stash into three digits, such as 100+ BTC, but for sure, we could start to see that with the passage of time that 100 BTC would become more and more problematic as an entry point, and sure, I am pretty sure that 21BTC still did seem to be a decent and realistic accumulation goal through 2015 and perhaps even decently into 2016.. but even that 21 BTC became harder and harder to proclaim as an entry accumulation target for newbies... so yeah, it went down to 10 BTC. .. and then 1 or 2 BTC, and surely Poker Player you can likely appreciate why 1 or 2 BTC is not really very realistic currently as a BTC accumulation starting goal for a vast majority of normies, and so therefore, we seem to be gravitating down to something like .021 BTC as being something to start to aspire to as a starting BTC accumulation goal.
Don't get me wrong, because starting goals do not necessarily mean that is where anybody should be stopping, but surely it seems to be a good practice to attempt to establish realistic starting goals.. and it surely would likely become more complicated in terms of assessing any individual's particular financial and psychological circumstances, and so that will frequently lead us to other areas of discussion regarding various kinds of goal setting that might happen above and beyond some of those initial BTC accumulation strategies.
You may have noticed that I had been getting into it with Biodom quite a bit in recent times, and one of my recent criticisms was his assertion that it might be reasonable for someone to just lump sum a large amount of BTC.. and just sit on his investment for 10, 20 or 30 years.. he used 20 BTC bought in 2015 as an example... so yeah, a guy could have easily bought 20 BTC in 2015 for somewhere between $5,000 and $6,000 and just sat on that investment until now and even from his perspective sit on the investment while hoping that the BTC price goes up to $10 million or something like that...
And largely I responded to him.. fuck that nonsense.. and fuck the idea of just sitting around and not ongoingly investing into bitcoin, when you had already assessed BTC to be a good enough investment and to put $5k to $6k in 2015. I was suggesting that such a lump sum strategy that does not have any follow up is a quite a bit underconvicted in terms of both recognizing the actual strengths of bitcoin and also taking reasonable and prudent strategies to attempt to help yourself to reach fuck you status faster and in a more actively managed way rather than just (whimpily) sitting on one lump sum purchase (or set of lump sum purchases) and praying that the BTC price goes up.
So, for sure when we talk about setting those initial BTC accumulation goals, they might seem a bit whimpy in the beginning, and sure there might be some people who are poor as fuck and they are not even reasonably able to invest $10 per week into bitcoin.. so sure we have to recognize those kinds of situation, and try to figure out if they could still continue to profit from ongoingly investing in BTC and not get tempted into cashing out too much of their BTC too soon merely because BTC prices appreciates.. so I suppose that I am not even suggesting that everyone is going to be able to reach fuck you status even when they might be attempting to be as aggressive as they can in terms of how much they are able to stack aside BTC, but these days it does seem that 0.21 BTC (it is about $10k as I type this post.. not pocket change for sure) is a kind of reachable first goal.. and people gotta start somewhere.. and even some people lose their whole BTC stashes in various accidents, and they may well have to get back on the BTC accumulation horse and set reasonable and reachable targets.. sucks for some of those people, but we all have to attempt to be realistic too in terms of assessing how much money 0.21BTC is to some people to be able to set aside - and even worse for some people who had already had a habit of living from pay check to pay check and they have to fix their habits including their thinking that everyone else is living pay check to pay check so why shouldn't I.. (some people have no choice, and maybe it is more difficult for BTC to help them.. even though 0.21 BTC may still be a reachable starting goal that may well have to be moved down further on down this particular BTC price cycle.. not sure yet.. time will tell.. no?)
Oh by the way... sometimes we might be talking about reaching fuck you status and then other times we might be talking about how close we might be to reaching fuck you status, and sometimes we might just want to suggest something about our own status that might be within the relatable parameters such as maybe already having had reached and surpassed the currently acceptable normie reachable goal of 0.21 BTC.. or we might disclose that we had reached one of the past goals, even in 2017 when the goal was something like 10BTC but then later on seemed to be in need of moving on.. even though there were some peeps who had stated that they had temporarily reached 10 BTC (i.e. mindrust for less than a day.. if we can believe him).. .. but yeah.. maybe even soon after mindrust had said that he had met the 10 BTC goal in March 2020 (and BTC prices went slightly below $4k during that time), it seemed to have been harder and harder to reach such a goal, because the BTC price only seemed to have had gone up from there.. and since March 2020 BTC prices went up in a kind of BIGGEDly way if we really look at the whole matter... and I suppose that is where we started having to go to 1 to 2 BTC as our starting goal.. and we even started to use $10k as our kind of starting out price point for this particular run.. even though $10k had even seemed to be a kind of relatively solid BTC price gravitation point even in September 2020.. but even our BTC price battle grounds in the area of more than 50% correction off of $65k causes a lot of us to tentatively consider that $10k to $20k BTC prices are fantasylandia.. which may have allowed for keeping 1-2 BTC as reasonable BTC accumulation entry points.. and surely, there seems to be sufficient and reasonable basis to also consider that it is no longer really realistic for normies entering into BTC to be having goals so damned high as 1 BTC..... so for now, the 0.21BTC is going to have to work.. and many of us are likely consideration that 0.21BTC is working for now.. but we are not really going to have a lot of confidence that we are going to stay here for very long, even though we did seem to spend much of 2021 in such a place that 0.21BTC has been somewhat within reach of the normies as their BTC accumulation starting point.. .. reassessments are likely going to be made in the coming couple of years in terms of actually seeing where the top of this cycle might end up and then how far the correction might come down.. and so we can suspect that we might be downgrading from 0.21BTC.. but it is not a given.. that's for sure... even though 0.21BTC does still seem to be reasonably prudent and valid... for now.
Another by the way... I have come across a whole hell of a lot of BTC newbies over the years who seemed to have a lot of screwed up thoughts in the beginning, including the lame ass presumptions that many of us have about being way too fucking late to bitcoin.. and surely, I am not excluding myself from being a similar kind of dumbass and that I stayed relatively insecure for a few years in terms of wondering if I had accumulated enough BTC.. so BTC price volatility can really do that to a lot of us normies, including a decent amount of confidence that we lose during periods of seemingly extended BTC price dippenings.. .. but if these guys stick to their guns (and even if they have a kind of fucked up low level of cashflow that they can spare) I have seen so many of them proclaim that they ended up acquiring way more BTC than they thought that they would be able to acquire.. so for example someone with a 0.21 BTC initial goal might end up reaching way more BTC than that.. and just say to themselves.. "holy fuck, I did not think that I would be able to do it." but it happens quite a bit and even sometimes it does take a few years too.. and sometimes tragedies too.. so there is all of that going on when setting goals, trying to stick with the goals and setting new goals that only become practical and meaningful after the lower-level goals have already been met (or exceeded).
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