@jjg:
"sure someone like you, Biodom, remain so damned whiney about this whole BTC situation because you had never really been too bullish about bitcoin, including your somewhat whimpy allocation of a lump sum investment of around 20 BTC in 2015"
oh, my...that was just an EXAMPLE to calculate something.
Yes... exactly.. We are on the same page here Biodom the gnome...
you used that as an example of your mindset in terms of how to think about bitcoin, and largely is consistent with your perspectives about bitcoin and how to plan, strategize and invest in it.
Do you believe that I give more than a ratt's ass about your specifics? We are talking in examples anyhow.. at least hopefully without getting too much into fantasylandia spins, as seems to be your retrospective tendencies.
"I am not even proclaiming that my 0.63 BTC stash competes with yours, but I am saying that I had been employing the proper, substantial and meaningful tactics along the way."
It's not about the amount, it's about understanding bitcoin mechanics beyond coinbase, binance, kraken account.
Oh gawd.. You sound distracted.
There are a lot of ways to get exposure to bitcoin.. if someone is new to bitcoin, they are likely to just have their bitcoin in various exchanges, and also if they do not own very much bitcoin (or exposure) then they may also have their exposure through 3rd parties. There are a variety of ways to gain exposure, and for sure there are better ways to hold your own coin and to operate your own node, but not all people can do the more complicated of avenues.. but they are still valid in terms of their ways that they might decide to have exposure, including if they have some coins in cold storage (and could be considerable amounts too - including some ways to use lightning network that are evolving too).
You seem to lack such knowledge and, therefore, whatever you say, you cannot possibly call yourself an expert and "slap" people around.
You deserve to be slapped right at this moment in terms of your desire to be pretentious in regards to the various ways and various levels of technical knowledge regarding how people might hold their bitcoin exposure.
As I said before, you are in "not my keys, not my bitcoin situation"...only slightly better than mtgox.
Sometimes I do discuss a bit of my third party exposure versus what I carry in cold storage, but in this particular moment it hardly seems relevant in terms of whatever points that we had previously been discussing concerning overall investment strategies that may well help HODLers/BTC accumulators to plan and strategies their fuck you status levels, timeline and subjects that concern how some longer term strategies of ongoing interest such as DCA and HODL might be better than mere lump sum investing, even though surely lump sum and buying on dip can also supplement DCA and HODL strategies - while at the same time guys (and gal) have to tailor their strategies to their own circumstances.. and hopefully attempt some humbleness to it. and also exercise some care if they are trying to predict BTC price directions that might cause them to NOT invest in BTC when they should based on some folks prematurely calling bear markets when in fact it is quite more likely that we are in the midst of a correction rather than a bearmarket.. to the extent those kinds of assessments might make some differences in the buying/accumulation strategies of newbies or anyone else attempting to figure out their balance of DCA, lump sum investing, buying on dip, HODL and other potentially relevant BTC accumulation and maintenance strategies..
Continue to accumulate fiat that is inflating at 30% a year as you please, but spare us the "big brother/sister talk"...at least most of the time.
Actually - once you get to a point of 1) over allocation into BTC 2) fuck you status or even 3) super fuck you status, there are a lot more options in terms of stacking fiat also.. and surely maybe even having some extra fiat that has to be figured out what to do with.
Sure, if you ONLY have 20 BTC and your fuck you status goal is somewhere in the $20 million to $200 million price range, then you may well have painted ur lil selfie into your own little corner at least in terms of not either being close to fuck you status and having a lot fewer options in terms of the amount of fiat that your BTC could be converted into in current times - especially as compared with someone who had accumulated more than double that level (as we had discussed those scenarios previously). Of course, you can still continue to accumulate BTC because it still seems likely that we remain in quite early stages in bitcoin, even though you personally seem to have your own doubts and you seem quite inclined to just sit back like a bump on the log rather than to continue to actively invest when you are way the fuck short of your target.
I am not even trying to brag.. I am just pointing out that big differences exist when you are way short of your targets - even if you have been in this space for coming on 8 years.. but sure.. keep working your way, and maybe after this cycle and then one or two more cycles, you may well be in a lot better position and start to realize some of the actual dynamics of being overallocated, rather than merely theorizing about it. I understand that you said that you are not planning to sell your BTC no matter what, so we could likely presume that having 20-ish BTC after one or two more cycles would likely put you in a different status in terms of attempting to understand what it is like to be overallocated in BTC.. even if you had your initial fuck you status goals (of seeming to be $20 million to $200 million) to seem a wee bit higher than the ones that I thought would be generally more applicable when attempting to talk to a broader audience, such as the $2 million or so ones that I had suggested to be decently good as starting off fuck you status talking points that would be more generally applicable, even if your own personal circumstances are seeming to be quite higher than the general applicable ones.. to the extent that we can really take your supposed genuineness seriously at all.
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