JayJuanGee
Legendary
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Activity: 3724
Merit: 10330
Self-Custody is a right. Say no to"Non-custodial"
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Lucky me. I received an honourable mention from one who failed/refused to properly place a #nohomo.. you fuck. [edited out]
I have 3 paypal accounts with 3 different balances. Since buys made in Oct are now Longterm gain they drop off. My paypal holdings were far less than my coinbase holdings and my coin base holdings are less than my personal wallet holdings Since the paypal accounts were never part of a dca move and were only when I would get rebates paid to my paypal accounts they were very inconsistent. I think they are : 800 this one has a buy in nov and dec that drop off and count as longterm gain. I need to wait tiil dec 24 to cash the rest and have a solid loss on paper. 1300 did not track these two much 2400 Well, fair enough that you find it useful to categorize your BTC holdings in various categories... so surely, if you are wanting to make one point, then you can potentially accomplish that (or even experiment) with a portions of your BTC holdings, including the way that you had chosen to categorize it. In recent times, I had been striving to help someone in real life with some aspects of BTC portfolio management, and every time I assert that she should not be fucking around with any kinds of selling, but instead to get her accumulation level in a high enough status to thereby have more options. She continues to proclaim that she wants to do what I am doing without really adequately accounting for the fact that it has taken me 8 years to get to my current position, and also I had indicated that I really did not sell any BTC for the first couple of years that I was in BTC.. but even when I finally did decide to begin to shave off some profits, I justified such shavings through a recategorization of my BTC holdings into largely three categories, so that when the BTC prices were between $250 and $320, I really was ONLY authorized to use a percentage of the BTC from one of the categories in terms of calculating what I was authorizing myself to be able to do. So, even though I recommend that this person in real life does not sell any BTC until they reach a certain level of profits, I also realize that she is inclined to not listen to me in that direction anyhow, and if I want to attempt to play any part in continuing to attempt to be helpful, I had to assist her in recategorizing her paltry level of BTC accumulation so she would be able to still do something like me and not overly prejudice herself in the process.. Of course, she has trouble relating with the underlying concepts of my suggestions because she is not greatly different from a large number of people who want to get rich quick and want to gamble and a variety of motivations that cause them to do those kinds of dumb things in terms of their portfolio management.. so there frequently be dilemmas for any of us who want to figure out ways to be helpful for people who have high likelihoods to be engaged in ongoing self-destruction regarding their BTC portfolio management.
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ChartBuddy
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Activity: 2184
Merit: 1778
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 17, 2021, 09:01:38 PM |
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Toxic2040
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Activity: 1792
Merit: 4141
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December 17, 2021, 09:09:45 PM |
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AlcoHoDL
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Activity: 2380
Merit: 4231
Addicted to HoDLing!
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December 17, 2021, 09:17:06 PM Merited by JayJuanGee (2) |
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I've said this before, and I'll say it again because it's so important, yet few realise it: Look at the above polar graph. A full circle is 4 years, and the spirals never cross. This means that every single person who ever invested in Bitcoin, at any time since its birth in 2009, and waited for at least 4 years, ended up in profit. How much profit? The average 4-year profit is about one order of magnitude (10x) -- the average distance of adjacent spirals is 10x price increase. The longer (more years) you HoDL, the better -- the spirals always grow larger. tl;dr: Forget "short-term". Bitcoin is for long-term, virtually guaranteed profits. Buy whenever you can, HoDL, wait for at least 4 years and enjoy profits that no bank or stonk can ever give you. Few realise this, most just go into a buy-sell oscillation until their coins are snatched by the smart guys in the room.
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ChartBuddy
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Activity: 2184
Merit: 1778
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 17, 2021, 10:01:28 PM |
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philipma1957
Legendary
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Activity: 4130
Merit: 7952
'The right to privacy matters'
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December 17, 2021, 10:01:51 PM |
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Lucky me. I received an honourable mention from one who failed/refused to properly place a #nohomo.. you fuck. [edited out]
I have 3 paypal accounts with 3 different balances. Since buys made in Oct are now Longterm gain they drop off. My paypal holdings were far less than my coinbase holdings and my coin base holdings are less than my personal wallet holdings Since the paypal accounts were never part of a dca move and were only when I would get rebates paid to my paypal accounts they were very inconsistent. I think they are : 800 this one has a buy in nov and dec that drop off and count as longterm gain. I need to wait tiil dec 24 to cash the rest and have a solid loss on paper. 1300 did not track these two much 2400 Well, fair enough that you find it useful to categorize your BTC holdings in various categories... so surely, if you are wanting to make one point, then you can potentially accomplish that (or even experiment) with a portions of your BTC holdings, including the way that you had chosen to categorize it. In recent times, I had been striving to help someone in real life with some aspects of BTC portfolio management, and every time I assert that she should not be fucking around with any kinds of selling, but instead to get her accumulation level in a high enough status to thereby have more options. She continues to proclaim that she wants to do what I am doing without really adequately accounting for the fact that it has taken me 8 years to get to my current position, and also I had indicated that I really did not sell any BTC for the first couple of years that I was in BTC.. but even when I finally did decide to begin to shave off some profits, I justified such shavings through a recategorization of my BTC holdings into largely three categories, so that when the BTC prices were between $250 and $320, I really was ONLY authorized to use a percentage of the BTC from one of the categories in terms of calculating what I was authorizing myself to be able to do. So, even though I recommend that this person in real life does not sell any BTC until they reach a certain level of profits, I also realize that she is inclined to not listen to me in that direction anyhow, and if I want to attempt to play any part in continuing to attempt to be helpful, I had to assist her in recategorizing her paltry level of BTC accumulation so she would be able to still do something like me and not overly prejudice herself in the process.. Of course, she has trouble relating with the underlying concepts of my suggestions because she is not greatly different from a large number of people who want to get rich quick and want to gamble and a variety of motivations that cause them to do those kinds of dumb things in terms of their portfolio management.. so there frequently be dilemmas for any of us who want to figure out ways to be helpful for people who have high likelihoods to be engaged in ongoing self-destruction regarding their BTC portfolio management. I just tracked the PayPal holdings which would be all that I would sell since they cannot be pulled out as BTC third account is at 762 . A 3 dollar short term loss if I sell it all today. But if I wait till Dec 23 2020 I started with 100 at 30k so I could shift almost 150 of the 762 to long term. and the remaining 612 would be about a 53 dollar short term loss. second account is 1105 at a 234 gain, but 125 was purchased at 30 k and is past a year so that is around 188 of the 234 gain the rest about 46 is short term first account is 2659 at 359 gain 167 is long term which is worth 250 so not worth selling But looking at the three accounts the third one is going to be sold off maybe tomorrow. Since it does offset the other sales at profit a bit I think I keep account 1 and 2.
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El duderino_
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Activity: 2520
Merit: 12150
BTC + Crossfit, living life.
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I do prefer
Weekendpumps
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jojo69
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Activity: 3178
Merit: 4371
diamond-handed zealot
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December 17, 2021, 10:48:40 PM |
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ChartBuddy
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Activity: 2184
Merit: 1778
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 17, 2021, 11:01:28 PM |
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suchmoon
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Activity: 3682
Merit: 8935
https://bpip.org
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December 17, 2021, 11:02:20 PM |
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Good advice. Make sure to call Bitcoin a ponzi and tell everyone that you've shorted it with 100x leverage. OPSEC.
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bct_ail
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Activity: 2632
Merit: 2223
https://t1p.de/6ghrf
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December 17, 2021, 11:14:37 PM |
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I do prefer
Weekendpumps
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sirazimuth
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Activity: 3360
Merit: 3499
born once atheist
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ChartBuddy
Legendary
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Activity: 2184
Merit: 1778
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 18, 2021, 12:01:37 AM |
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dragonvslinux
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Activity: 1666
Merit: 2204
Crypto Swap Exchange
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December 18, 2021, 12:29:44 AM Last edit: September 10, 2023, 01:14:07 PM by dragonvslinux |
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Price just closed below the 200 Day MA for the first time since September, not a good sign by any means. It suggests $46K won't hold either, despite attempts to save it: On shorter time-frames price was harshly rejected by selling pressure, despite buyers stepping in to defend $46K, only to turn local support into new resistance: Next stop looks like the $45K buy wall that's growing. The $40K buy wall is otherwise starting to take form, but one step at a time: $44.4K is the last fib retracement level, the 0.382, but given the current price structure I wouldn't be too hopeful it will now hold. Retesting $40K range, like many have expected, is looking increasing likely, unless price can quickly reclaim the long-term MA.
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HI-TEC99
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Activity: 2772
Merit: 2846
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December 18, 2021, 12:33:43 AM Last edit: December 18, 2021, 12:50:06 AM by HI-TEC99 |
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I do prefer
Weekendpumps
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Bitcoldcash
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Activity: 13
Merit: 0
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December 18, 2021, 12:36:34 AM |
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"Crypto"? What the fuck is that? Jojo.. you gotta know better, no? Hasn't no one learnt you nuttin properly yet? Most important about mindrust =.......
He had invested X amount of FIAT and proudly announcement he had a positive exact amount of FIAT out of it.
Each person got his own goals, he achieved the goals he was chasing at.
Where can I send my crypto? I feel like over the years, we've seen these kinds of accounts come and go. They come in, talk a big game about buying Bitcoin because libertarian ideology and how they are going to hodl forever. Then in just a short time they quietly hit some pitiful goal and sell all, or quietly panic sell all. Then they disappear from the forum, never to be heard from again. Bitcoin has also been around a little while now. Many members of the community have passed away due to various issues. Some have gone to prison or fallen ill. I doubt it’s always about the money alone. While I’m sure there are plenty of people who have cashed out and are out living their dreams, I don’t know if we can assume that’s everyone’s story. Ultimately, I agree with you OgNasty in respect that there are a considerable number of stories out there, but seems to me that Torque is expressing a certain amount of legitimate skepticism regarding whether some accounts are actually being genuine with us in terms of their actual stories.... and also there is a certain level of dumbness that comes through the average JoeBlow, even if he is being genuine... come into bitcoin and acting like he has some kind of BIG plan while at the same time lacking in a lot of fortitude and stay-with-it-ness .. in terms of actions speak louder than words.. and talking a BIG game is not the same as actually sticking with the plan without whimping out along the way.
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jojo69
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diamond-handed zealot
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Bitcoin Is The Perfect Option, And Central Banks Will Have To Buy InIn essence, it has heretofore been assumed that the Fed would always be there to rescue markets. The tool chest includes quantitative easing, asset purchases and interest rate relief. But what happens if these tools do not work in the future? What happens if the market loses all confidence that continuously kicking the can down the road is only delaying an inevitable collapse, and that collapse starts to happen and cannot be stopped by any of the Fed’s tools?
A suitable form of insurance in this catastrophic event would have to be an asset that is not fiat based. It would be an asset that is “short” credit on all fiat currencies, that is not centralized, and that is portable and transferable over time and space on payment rails that are not controlled by the legacy financial system. Enter stage left: bitcoin.
A “put on a put” becomes a second derivative position. The Fed has essentially sold a put to the market. As the seller of a put, the Fed would use a technique called “delta hedging” in order to manage risk. If you recall from the explanation of “gamma” in “part one,” if the Fed is exposed to the gamma squeeze, in the event that the tools of the conventional Fed put do not work, and investors rush to exit traditional assets, what is the Fed to do? We argue that the Fed would have to buy the “put on the put,” i.e., the Fed would have to buy bitcoin.
This opens an interesting game theory conundrum. When the global markets (finally) figure out that all central banks are also counting on the Fed put, and since all other global central banks will fail before the Federal Reserve fails, then shouldn’t all other central banks commence buying bitcoin as soon as possible? Moreover, when the Fed does the same exercise and realizes it could be forced to buy bitcoin in a catastrophic leverage unwind — gamma squeeze — that cannot be stopped by any Fed fiat action, perhaps it would be wise to start buying bitcoin in the here and now, too.
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JayJuanGee
Legendary
Online
Activity: 3724
Merit: 10330
Self-Custody is a right. Say no to"Non-custodial"
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December 18, 2021, 12:47:40 AM |
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[edited out]
I just tracked the PayPal holdings which would be all that I would sell since they cannot be pulled out as BTC third account is at 762 . A 3 dollar short term loss if I sell it all today. But if I wait till Dec 23 2020 I started with 100 at 30k so I could shift almost 150 of the 762 to long term. and the remaining 612 would be about a 53 dollar short term loss. second account is 1105 at a 234 gain, but 125 was purchased at 30 k and is past a year so that is around 188 of the 234 gain the rest about 46 is short term first account is 2659 at 359 gain 167 is long term which is worth 250 so not worth selling But looking at the three accounts the third one is going to be sold off maybe tomorrow. Since it does offset the other sales at profit a bit I think I keep account 1 and 2. It seems a bit strange to me to be dickering around with such small amounts, and surely there can be some advantages to being married and filing jointly in these circumstances because it seems that if you are filing jointly, then you would not even begin to pay any capital gains unless your joint taxable income is above $80,800.... so with the numbers you are talking about, it just seems too small to matter very much. Of course, if you are filing as single the threshold is pretty low.. at $40,400.. so the exemption to tax on Capital gains may ONLY have limited application, but seems that when you are talking about amounts that are under $10k or even $20k, then maybe you might end up qualifying to have some of your capital gains to come in with that first level of exemption..
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philipma1957
Legendary
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Activity: 4130
Merit: 7952
'The right to privacy matters'
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December 18, 2021, 01:01:13 AM |
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[edited out]
I just tracked the PayPal holdings which would be all that I would sell since they cannot be pulled out as BTC third account is at 762 . A 3 dollar short term loss if I sell it all today. But if I wait till Dec 23 2020 I started with 100 at 30k so I could shift almost 150 of the 762 to long term. and the remaining 612 would be about a 53 dollar short term loss. second account is 1105 at a 234 gain, but 125 was purchased at 30 k and is past a year so that is around 188 of the 234 gain the rest about 46 is short term first account is 2659 at 359 gain 167 is long term which is worth 250 so not worth selling But looking at the three accounts the third one is going to be sold off maybe tomorrow. Since it does offset the other sales at profit a bit I think I keep account 1 and 2. It seems a bit strange to me to be dickering around with such small amounts, and surely there can be some advantages to being married and filing jointly in these circumstances because it seems that if you are filing jointly, then you would not even begin to pay any capital gains unless your joint taxable income is above $80,800.... so with the numbers you are talking about, it just seems too small to matter very much. Of course, if you are filing as single the threshold is pretty low.. at $40,400.. so the exemption to tax on Capital gains may ONLY have limited application, but seems that when you are talking about amounts that are under $10k or even $20k, then maybe you might end up qualifying to have some of your capital gains to come in with that first level of exemption.. Paypal was always a flyer. Not for investing as much for advertising. But It serves to illustrate what can be done with multiple accounts.
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