Jan sucked for me, first in about 10 years I had to pause all saving and investing, even my dca here. I didn’t have to sell but was barely able to keep my head above water. I feel like I need to let WO know I fell off the buying wagon however back in the game for Feb. Good luck all, and reminder rl takes priority
Actually, that's a good reminder.
These BTC accumulation strategies have real life implications, and they have priorities too, and I have frequently mentioned that for a large part of 2015, I had decent reductions in my abilities to buy BTC.. which largely started in about mid-January 2015 and the worst part lasted for several months, even though I had some very small token buys of BTC in April and May, I was not really able to buy hardly any BTC between mid-January and May 2015, yet I was able to resume my regular buys in June 2015 - and they had been way smaller than my buys in 2014 (even though by the end of 2014, I had "told myself" that I had enough BTC).. and even with my various set backs in my ability to buy BTC throughout most of 2015, the remainder of 2015 between June and December, I was able to spend time to attempt to make up for my largely abstinence in BTC buying between mid-January and May, which still overall I was able to increase my BTC stash as it had stood in mid-January 2015 by around 11% for the whole year by the time we got to the end of 2015.
So even when i look at my past BTC holdings I can see various places in which mistakes were made - but still there had been a quite a bit of persistence in HODLing and accumulated that seemed small and relatively token as they were happening, but still built and built and built along the way.. which it would be difficult to imagine having had put large percentage of BTC in some kind of a "yield product," and presuming to have had been holding BTC, even though I can see that a lot of folks made those kinds of mistakes in the past year.. but I think that any of us might have months or even several months in which our cashflows might not allow us to continue to buy BTC, and then during those periods, we may likely be struggling to make sure that we are able to meet all of our cashflow and expenses (and maybe even cutting back on expenses and attempting to increase our incoming cash), so it could take some time to be able to "resume buying BTC" in the even that we believe that we do not have enough BTC and also in the even that we might consider current prices to be bargain prices relative to where we had projected our considerations of where we thought BTC prices would be in these times.
i think there may be outside influences that can help to multiplier the number of users, and this can be if the CBDC comes all the people can be familiar to the "blockchain money" and having a wallet etc, also all the old people who died its surely not an user of BTC, but most of the young yes, so we are up.
So if you already have some cryptocurrencies, in someway you always ended having some BTC i think.
But i don really like to put numbers or approximations because you know its really tricky to do.
Well? maybe I can give you some numbers?.. $100 per week? Is that a reasonable starting place?
We likely realize that if there are various CBDCs, in the beginning they might not have very many restrictions on them to make them seem cool and enticing; however, even normies don't seem to be that dumb.. even though sure, some of the folks are going to consider that CBDCs are part of the modern payment system, and surely there would be some ways to attempt to make them attractive, even though they have been saying some dumb things too in regards to the various ways that the CBDCs would be controllable.
So then some questions might be how are we already holding our value and do we have options, because if we already have BTC, then we likely will have more options, even though maybe we are going to be able to buy BTC with our CBDCs, but it is not guaranteed..
Maybe we presume that OLDer folks have already established their investment portfolio, and that might be part of the explanation why they are less flexible, but younger people are still building their investment portfolio and hoping to get to fuck you status at some time prior to their keeling over from old age.
So maybe instead of getting into details, we might presume that younger people can generate cashflow through labor, but then question how much that they are able to put into bitcoin ($100 per week? Some other amount?) and whether CBDCs are restricting their abilities to get into bitcoin versus "acceptable" investments. Yes, it likely helps if you accumulate BTC prior to CBDCs coming, but it still seems that CBDCs are quite a ways off in the west - even though there are actual ongoing experiments with them.. and it seems that in Nigeria there are some current battles in regards to the current implementation efforts, so learning can go on from both ends.. from the ones who are trying to implement CBDCs and from the ones trying to figure out ways to resist CBDCs, or at least hedge against them by having some other options, such as bitcoin and perhaps some other hard asset options that might work... to the extent that we can figure out how to hold our value and how to retain aspects of our sovereignty to the extent to which our sovereignty is ongoingly threatened with various restrictions in our abilities to transfer value and/or communicate with one another.
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