~snip
And for sure, it is good to have financial practices that do not unnecessarily provoke emotionalism in terms of your ways of investing or thinking about your investment.. especially such a volatile asset like BTC that is likely going to continue to be quite volatile in the coming 20+ years.
9 years is quite a time and one definitely learn lots of things about crypto after spending so much time in a specific field.
I do have consent with you that never sell all your bitcoins as I told you I learned that through my sell off in this bull run.
he price is not guaranteed to correct back down, even if so many supposedly smart people believe that BTC prices "always" return down to earlier prices, and that is not necessarily true
Can't say about the future but till now bitcoin price has always came back after getting bullish. Even current price of 20k is very close to price of bitcoin before the recent bull run which is 10k, so I pardon to have a slight different opinion on that.
or even getting at or near fuck you status (a place in which you are able to quit your job and live off of your investments) or even getting to stages of reaching target
That's the dream of almost everyone here to quit his current job and live a Kings life while his bitcoin work for him or atleast get a good side income from crypto investment.
including that if a person might invest into bitcoin on a long time horizon (even for 10-30 years), they might not be looking at BTC price movements in the shorter timeframes, even though the young status of bitcoin likely warrants some kind of regular monitoring
.
That's I learned while I was investing in stock. Senior people said that if you are looking for real profit then invest in long term and stop seeing price on daily basis.
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