Imagine buying in Dec 2017 at $19,326 just to see it at $21,326 after 5 years of HODL.
Imagine you bought it in Dec 2017 at $19,326, ATH at that time. Everyone called you dumb because you purchased the ATH, and it's dumped hard and touched $3236 in December 2018, which was the lowest of that year.
Imagine you bought it in November 2021 at $68,789, which is ATH so far, and everyone is calling you dumb now because it's touched $21,100 today, and you also regret it.
Imagine you are in 2027, and the Lowest price of Bitcoin this year is about $75K, and you think the same as today. You bought it in November 2021 at $68,789, and it's $75,000 now after five years of holding.
#HoDL
One of the values of both DCA and buying on dips is that hardly anyone has average BTC costs that are even close to ATH numbers. They shouldn't if they have any kind of meaningful level of actually trying to employ a prudent - rathe than a gambling strategy.. Think about it.. peak price of $19,666 in December 2017.. BTC prices dropped down to $6k-ish as quickly as February 2018.. and then BTC prices were largely bouncing between $6k and $10k for close to 3 years until September 2020 with quite a few additional opportunities to get BTC between $3,200 and $6k..
...and probably nuff said.. except that I hardly have any sympathy for anyone who in fact got stuck with average BTC prices in those higher levels and I hardly consider the actually price of buying BTC at those top of the BTC price to be a handicap except for just some desire about whining in regards to a situation that could be mitigated.. and a more relevant factor of average cost of BTC that can be used to mitigate a decent amount of the mistake or whatever you want to proclaim buying at high prices to be..
I bought my first BTC high my lil selfie at around $1,200 when the actual spot price was $1,100 (probably less than that) in late 2013.. but the BTC price peak had only gotten to $1,163 in that time frame, but I did not whine about it for the next three and a half years before it finally got back into profits.. Many of you probably know what I did.. which seems to be way more powerful than whining. at least there should be some objective concessions about those kinds of factors.. especially when talking about 3 years or 5 years or whatever whining timeframe that you would like to proclaim to be holding you back.. when it is more likely your mindset holding you back rather than the facts being actually as negative as you are wanting to make them out to be.
I like skinny butts I cannot lie.
People STILL talking about Microstrategy getting liquidated. You know, I think there are some folks out there that would LOVE to pick up that money.
But what circumstances could even exist for the price to go back to 3k? I just do not see something like that to be sustainable at all even if we have cascading margin calls for all the Celsiuses out there...
I would so buy a whole coin at 3k though. If Saylor had to sell them. I am sure there are at least 150k more like me. heh
Surely, I am wondering if I would have much if any dry powder left if we would go below even $12k.. so getting down to $4k would be holy shit. .wya the fuck out of dry power.. at least that is my projection of where my cash would be at... I have a hard time considering being able to hold onto cash all the way down.. at some pint may of us would end up going into a kind of HODL status.. and no longer able to buy..
By the way, I have already made at least 6 significantly comprehensive adjustments to various aspects of my BTC buy ladders and several times took way more cash out of reserves that I had thought had been already pulled ut of Bitcoin.. so that old cash is already back in bitcoin.. even though a decent number of those new cash orders have not executed.l though It seems ot me that some of them have executed too.. I mean.. not expecting to go below 100-week moving average and then various other lower BTC price points that also fit into the "not expecting to go below" category, too.
In my latest restructuring of ladders from just a couple of days ago I had gone to bed, and then I had to get up because I had an "ah ha" thought which involved: 1) changing the amounts of BTC scheduled to buy in the buy orders below $20k, 2) changing the increments between each of the orders - making them tighter, 3) increasing the overall quantity of dollars that I allocated to them and 4) moving the buy orders down to lower prices -below $15k.. (again hoping that they do not get filled)..
.. so after I made all the above tweakenings to what made my lil selfie MOAR comfie, I went back to bed.. and then after about 30 minutes lying there contemplating the potentiality of sheep, the sheep were not coming, and I had another ah ha moment that caused me to get up otra vez..
fuck..
I went back to the computer.. and 1) lessened the spread between buy orders and sell orders, 2) changed the quantity of sell orders, 3) changed the amount sold for each of the sell orders which still added up to the overall same amount but just that they were spread out more causing them more likely to get hit more frequently, 4) made the increments a wee bit tighter too.. and 5) revised my short-term going forward plan in regards to how buys sells will be reset after they are triggered . either price
.high spread them out quite a bit more and even made tighter increments...
Prior to the two above tweakenings, I had thought that my earlier tweakenings that had happened when the BTC price was around $25k had made me sufficiently comfortable.. but then after these latest tweakenings.. I began to feel even MOAR comfortable.. about as much as can be accomplished absent winning the lottery or something like that, and my odds for winning the lottery seem to be very low, especially since I rarely play it (absent someone buying a ticket for me against my will).. I am kind of against playing the lottery.. at least from my personal practices point of view.
Let's see how long this set up lasts.. .. I am speculating that I may well have to tweak again if the orders down to about $17.5k were to get filled..
fuck..
hope it does not happen..
By the way.. these kinds of manual adjustments do not seem to be the kinds of ones that any bot can really accomplish.. and of course, there could be ways to set up a bot to carry out orders within current BTC price dynamics, and for sure if the price dynamics change then the bot may well have to be re-programed in various ways too.. Bot programing experts do likely know how to NOT get themselves into too much of a pickle, and they had probably learned by their earlier getting into pickle or pickle approaching circumstances in their earlier bot programming experiences.
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