-snip-
You might be considering that I am making the same point, or a similar point, but to me, it seems that my point is a wee bit different... so maybe it is difficult to communicate what I perceive to be important, yet frequently seemingly subtle, differences in the ways of framing investment approaches.. while trying to NOT be too critical.. but as I type, I am thinking that another aspect is that so many people retain somewhat subliminal ways of looking at bitcoin through the current fiat system, and I have been accused of the same because I frequently assert that people better fucking make sure that they project out their fiat expenses, and to assert that it is dangerous to go "all bitcoin." How many folks got reckt because of these kinds of misreadings?
Also, I remain a BIG advocate of the stock to flow model, even if the stock to flow model, may well need to be shifted downwardly on its axis and also there has also been needs to include other angles in terms of assessing stock to flow including how to prepare yourself psychologically and financially for either BTC price direction even while ascribing validity to stock to flow, but how many people (normies) got reckt for their seemingly overly reliance on stock to flow specifics? How many people are going to end up getting reckt here on out because they believe stock to flow is dead..? hahahahahaha Don't blame me when people get reckt and they they say "you said.. blah blah blah.?
Well, why didn't I get reckt? Yet? Consider that.
Actually, there are likely quite a few of WO regulars who did not get reckt.. but there may well be some portfolios that are doing better than other portfolios, but also depending on how they are being measured.. and sometimes it can be misleading to measure at specific snapshot times too... Nonetheless, we can still have our ways of making various arguments with one another and to say that "you should do this" or "you should have done that." It's up to each of us, if we consider whether to make any adjustments at this point or at some time in the future in order to perhaps have better feelings about our investment portfolios. .and hopefully, BTC's ongoing role within that.
I submit getting reckt is subjective.
Am I reckt? my mining income is no longer 32k/4 per month it is more like 4k/4 per month.
So 8000 a month is now 1000 a month Is that reckt?
For some that would be reckt for me it is not why is that? $0 debt.
Yeah it was nice making 8k a month for some months in 2021 and for some months in 2022. It is not so nice making 1k per month.
But $0 debt and a good power deal means I am ready for uppity.
A rebound for BTC means my mining rebounds.
flatline for BTC means I can expand my btc gear and my btc holdings.
So this year 2023 at 14-18k means I dca I buy some dips. I grow my mine.
or this year at 28-38k means I dca I keep mine size stable.
We all have plans one way or the other.
I am set in the 14-18k range
I am set in the 28-38k range
I am set in the 56-100k range
I am set in the 101-200k range
I am selling and stopping all mining or dca in the 200k+ range.
on the downside I am good till around 6k at 6k I am not sure what mining will be for me as my power may not be cheap enough at that price.