^ I bought Bitcoin because i believed in it.
Now, guess why i'm still buying...
I guess that you are still buying because 1) your investment thesis has not fundamentally changed and/or 2) you have not yet reached a point of having enough (or having more than enough), which truly is not an easy place to objectively assess regarding how much is enough (or more than enough).
JayJuanGee, you are free to extend you existing spreadsheet with more useless numbers that Paashaas sold at $50k and $60k hoping to buy back significantly lower, using those free money to spend it all impeccably on cocaine, booz and hockers.
Get a life!
Thanks for the interaction, and I am glad that you were able to engage with the contents of my previous posts. Since you did not provide the exact reference, I am thinking that you might have had been referring to my referred-to below hypothesizing about Krubster's 2% sale and other background facts that he had mentioned.
I tried to project out some kind of a potentially reasonable cashing out scenario on paper that might regard any BTC HODLer guy who might have had largely got into BTC with most of his stash around $10 in 2012, and then suggesting living off of his stash since 2017.. so yeah, I know that I am going to be quite a bit off with the specifics of Krubster's exact scenario, yet some similarly situated HODLer/Accumulator's scenario might go something like this with a starting out stash of around 320 BTC (which leaves around 246 BTC after this month's cashing out).
Something like this:
Date BTC Price Buy Amount BTCbuyAmt BTC balance $ValueHoldings %BTCSellamt BTCSellamt soldValue soldTotal
10/15/12 $10.00 $3,200.00 320.00000000 320.00000000 $3,200.00
11/2/17 $7,000.00 297.60000000 $2,083,200.00 7.00% 22.40000000 $156,800.00 $156,800.00
6/20/19 $9,500.00 275.20000000 $2,614,400.00 6.00% 17.85600000 $169,632.00 $326,432.00
2/20/21 $56,000.00 257.34400000 $14,411,264.00 2.00% 5.50400000 $308,224.00 $634,656.00
3/20/22 $42,000.00 251.84000000 $10,577,280.00 2.00% 5.14688000 $216,168.96 $850,824.96
9/12/24 $56,000.00 246.69312000 $13,814,814.72 2.00% 5.03680000 $282,060.80 $1,132,885.76
9/12/26 $80,000.00 241.65632000 $19,332,505.60 2.00% 4.93386240 $394,708.99 $1,527,594.75
Yeah.. the format of the table does not look the greatest, but still, you get the idea that it seems that less and less BTC would be generating more and more dollar value, and surely the last row is a bit of a projection for 2 years down the road, yet there would be no reason to stick with a strict timeline but instead a bit of a ballpark idea. Even from this projection there might have ended up being some anticipation with the March 2022 withdrawal.. and surely guys who are still selling and living off of their BTC stash may well end up making BIG mistakes and still be able to do o.k. with bitcoin value continuing to grow throughout a mostly holding period that results in various sustainable withdrawals along the way.. even though I still proclaim that 2% over 2 years is way too conservative, yet I am also guilty of similar levels of failure/refusal to cash out enough BTC, and largely living off of my other income, even though Krubster seems to be implying that BTC is most of his income...so yeah, maybe I ended up fucking up my description of how something like a 2% withdrawal rate for 2 years income might play out.
Of course, it takes a bit of work to put such charts together, and historically I have done charts that include both selling and buying back, so if the buy backs are not complete or the buy backs are assumed to be zero, then whatever remains could be presumed to be for either consumption or investing into other assets/currencies.
Surely there could be some scenarios in which guys might attempt to allocate a higher percentage of their sales proceeds for buying back BTC rather than consumption and/or investing into other assets/currencies. You had not really given your various selling points, so I was presuming that you had sold too much too soon starting around the mid to lower $30ks in about October/November 2023 since that is about when you started cock-suredly proclaiming on a fairly regular basis that what goes up has to inevitably come back down, which surely would have had been a problematic position to be in, since we did not really experience any meaningful BTC price corrections until after March 2024..and even those have not yet been substantial since largely we have been mostly staying in noman's land between $55k-ish to $73k-ish, with only a couple times breaking below such range to $49.6k and to $52.5k.. and sure the BTC price could end up breaking below no man's land and staying there, but golly-gee-whiz-wally, I am not even sure if the odds would be greater than 50/50 for such a supposed break.
Your new set of claims of supposedly selling at $50k and $60k seem to be new and additional facts - that are not necessarily inconsistent with other fair inferences of your posts, yet there seems to be some selectivity in such factual representations that are difficult to believe - like a gambler who ONLY talks about his winners.. hahahahaha.. or tries to spin his losers in such a way that they don't really seem to be as bad as they actually were.
In regards to my getting a life, I thought that we were participating in a forum thread about bitcoin, so isn't participation in this thread about already having "a life"?
Your failure to include lambos in your list of consumption items shows that you seem to be a wee bit out of touch with known desirable things for any "real bitcoiner" should be stating that he wants to consume.
According to your forum registration date in late November 2013, you may have had been in bitcoin close to as long as me, and there could well be all kinds of ways that I could extend out spreadsheets involving variations of your factual circumstances to even show that you are still quite profitable in your bitcoin holdings, even if you might have fucked up a few times along the way by selling too much too soon.... some guys will learn their lessons about some of that, yet I doubt that even any of us longer term bitcoiners are free from making various mistakes along the way. You might need to give me a few more facts (or factual representations) if you want me to extend out a spreadsheet involving involving potentially reasonable inferences about your facts in regards to where you are as compared to where you should be or any of those kinds of matters.
Surely, frequently I don't have too many facts about any member that goes beyond his forum registration date, then usually I just go with a creation of a DCA projection as a kind of comparison point, so in your case, even if we were to go with a fairly modestly aggressive investment plan of
$100 per week from the date of your forum registration until present, we would have you investing around $56.4k and ending up with right around 46.23 BTC (which would
currently be a $2.7 million spot price value and a $1.8 million 200-0WMA valuation -really not a bad place to be with 47.9x profits and 32x profits respectively).
So if whatever you re doing is in the ballpark of those levels of profits, then at least you are not underperforming a DCA approach to your BTC... I actually proclaim to be outperforming a DCA approach a bit since I am proclaiming to have around $1k average BTC prices, so that would makd me in the ballpark of 39x to 58x in profits if we are using the 200-WMA and spot price as our current measures... and I would not even be that judgmental of guys who might have half those levels of profits or even double that area of profits.. it is kind of in a zone of reasonable variation.
Gold (up 25% since March) is telling the true Fedflation story that is coming, but no one is paying attention...
Gold is regarded by the markets as an inflation and economic change barometer, hence the price increases are a harbinger of shift in the monetary policy. A price increase of gold by a quarter since march could be an indication of the signals of price inflation or other issues affecting the general market. While many people may not pay attention to these movements, it is also important to ponder how shifts in the gold market can be beneficial or detrimental or can mirror general economic trends like the Federal Reserve policy.
Yeah, but how does any of that relate to bitcoin? have you heard of the topic of this thread, aka bitcoin?
Poll
