[...] and the sells are $500 increments until $31.5k-ish then they go into $1k increments, and they slowly get bigger and BIGger and BIGGER... until $5k increments between $120k-ish and $150k-ish..
[...]
The royal we are already sorry for your loss. May I ask what is causing the compulsory selling (since $300 or so)?
Do I feel like punishing uie-pooie with a long post on the topic, or might I contemplate a way to be charitable and largely just proclaim that I am engaged in a kind of portfolio management strategy.. .and surely it seems that I have explained it quite a few times, yet maybe I did not go into every single detail in the sense that each of us does have to find a kind of BTC portfolio management approach that is sufficiently comfortable for our own situation.
Another thing that I have mentioned in terms of my motivation for such practice has been that largely between late 2013 and late 2014, I figured out that my own particular BTC accumulation goal was likely to be in a kind of harmony so long as I reached a 10% BTC allocation when calculating the whole of my quasi-liquid investment portfolio, and by the end of 2014, I had already reached such 10% target - but many of us already know what happened in 2015 (and if we do not know, we surely could look at a bitcoin price chart and see that bitcoin got caught in a mostly mid-$200s bottom for the whole of that year, and I started 2015 with around a n upper $500s per BTC cost per bitcoin, but as the year went on (even though I had some cashflow difficulties during that year) whatever bitcoin that I had purchased in 2015 had brought my allocation up to about 13.5%-ish and had also brought my average cost per BTC down to about $500 - if not going below $500 per BTC.
So in essence by the middle of 2015 I could already see my allocation progressing towards the 13.5% and by the end of 2015 I had largely reached it, and surely any sales that I was making wast to recognize and appreciate that I was at least 3.5% overly allocated based on my investments into BTC - while at the same time we likely know what happened in late 2015 and even into 2016 and 2017 (if not we can look at the bitcoin charts), which is even though I had figured out various formulas to shave bitcoin profits off on the way up, my overall allocation in bitcoin went from 13.5% at the end of 2015 to over 75% by the end of 2017 (in spite of my shaving off small amounts of bitcoin within my formulas/self-made
up portfolio management theories), and so sure the dip from late 2017 to various low parts of 2018, 2019 and 2020, still did not bring me below 45% allocation because largely I was using the proceeds from the sales of BTC on the way up to mostly be buying on the way down (an other angle of the BTC portfolio maintenance approach that I had decided to take).
I am not even going to suggest that my system is any kind of a genius system but it surely is not even selling a very large portion of the profits, no matter how I slice it I still consider what I am doing as overwhelmingly HODL and accumulate, even though it includes selling and buying back within parameters.. kind of robotic stuff that already can be seen in advance and the worse case situation is if the BTC price goes shooting all the way up to $150k and further and never comes back down, so then in those circumstances, maybe I end up selling 10% (or probably even less based on my current formulas)of my BTC holdings. which is a BIG whooptie-doo given that the HODLings would have had gone up 5x and then less than 10% ends up getting shaved off, it is still up 4.9x or whatever I don't even necessarily have the exact numbers figured out in any kind of way to know that my already existing formulas do not even sell very much BTC, even in the worse case scenarios of the BTC price going straight up.. and even with that.. we know that bitcoin prices do not even go straight up.. and even when the do go straight up they still end up coming back down, and I don't even necessarily want them to come down because my formulas already establish that I am worth way more (likely multiples - probably more like magnitudes more) when the BTC prices are up rather than when they go down.
It seems to me that I have argued an justified what I am doing several times in the sense that it is tailored to my own circumstances including my various financial and psychological details, and I largely share what I am doing, and I could give less than 1 ratt's ass if anyone wants to try to carry out some variation of what I am doing, and at the same time, I feel somewhat flattered when some people say that they are attempting to employ some variation of what I am doing, and surely maybe they employing their own version that might be correct or not so correct, but if they believe that it is working for them, then I feel somewhat flattered when they say that they had learned from my approach.. and sure at the same time, sometimes when I ask them what they are doing (to get into specifics), then I might find out that they are doing some things differently, which may or may not end up working out as well.
Another thing is that I know and I appreciate that sometimes I could play the swings bigger and end up profiting, but I am not going to do it, and it is really hard to know whether I am mentally capable of doing what LFC did in terms of selling off something like 25% of his BTC holdings in the mid $50ks and feeling comfortable to "wait out" some of his buy backs, and sure maybe he ran out of money too in terms of buying most back before $20k.. but then he was also holding out some money to buy back in the lower $10ks.. which surely we know that did not end up happening, but his system may have ended up financially profiting more than mine (perhaps).. there are quite a few angels in which either variation, or even some other variations can be justified.. so in that sense I remain comfortable with mine, even though surely I can see some things that I could have had done better, but I still have difficulties to make any extreme changes to a system that I feel is ongoingly working quit well for me, and largely seems to end up contributing to my psychological comfort to have both over-accumulated into a 13.5%-ish territory in late 2015 and then mostly not even selling very much of that overall overallocations that I had made.. even though people might speculate that I am selling a lot on the way up, and surely it might seem like a lot to some normies, but it still remains quite small portions of my overall BTC portfolio... even if we look at the next BTC price rise in 2021, I might have gotten to something like 90% bitcoin in my overall investment portfolio, but even the seemingly extreme drops in 2022 still did not even bring my BTC holdings below 70%
**.. which surely still seems like a PRETTY FUCKING BIG ongoing over allocation into bitcoin..but ends up being a kind of "let your winners" ride philosophy - and I still believe that I feel much better with employing a "let your winners ride" investment approach - when it comes to BTC based on my relatively small maintenance practices of selling mostly slivers on the way up.
**Oh, and by the way, I do recall that I did make a chart on June 29, 2022 (at the end of this link) that shows that I had gotten down to 63% in my BTC allocation at that time, which I may well have to go back and figure it out whether I did actually get below 70% at any point in this latest dip, and we know that the low of the dip for 2022 was in November, so I might have to go back through and revise that chart at some points, and sure maybe I did end up going below 60%, or maybe I was just attempting to exercise a wee bit of "artistic freedom" in the sense of the ball-parked nature of hypotheticals that relate to personal circumstances.... . and the fictional JayJuanGee.. blah blah blah did this, this and this.. which is not easy to accomplish while ONLY maintaining somewhat more than 0.63 BTC. And, look what you did bitebits.
You prodded me into saying more than I thought that I was going to say.
[...] and the sells are $500 increments until $31.5k-ish then they go into $1k increments, and they slowly get bigger and BIGger and BIGGER... until $5k increments between $120k-ish and $150k-ish..
The royal we are already sorry for your loss. May I ask what is causing the compulsory selling (since $300 or so)?
Caused by his excel suggestions?
One of my kids keeps selling his brokerage account every time justifying it by saying that he "rounds" it up...lol
Maybe that particular kid of yours is a "secret" or not so secret JJG fan, but so far, he has not gotten the formula application correct, yet.
Perhaps?
Perhaps?
[...] and the sells are $500 increments until $31.5k-ish then they go into $1k increments, and they slowly get bigger and BIGger and BIGGER... until $5k increments between $120k-ish and $150k-ish..
The royal we are already sorry for your loss. May I ask what is causing the compulsory selling (since $300 or so)?
?
some peeps have always have sells laddered and waiting.
cost basis has a lot to do with it. hard to lose when its below $100 usd
Fair point.
This guy
(aka vapourminer) seems to get it.
Poll
