....... humans must whine about something...
Referring to yourself in the third person, yet with a descriptive undertone..
I got a chuckle out of that.
It's like saying: "we humans think like this."
A real human wouldn't say that. 
$110k is just a threshold that loosely and indirectly relates to my "fuck-you" lever. And it also kind of cements the 6-digit order of magnitude (which, again, doesn't really mean anything).
1) I don't want to beat a dead horse, but spot price reliance on fuck you lever seems quite problematic from my perspective.. even though I don't have any problem with the idea of price-based (meaning uppity threshold) and/or time-based withdrawal points.. yet this particular focusing around $110k seems to be a kind of price-based, as if you were to have an order (let's say 1% of your stash) waiting to be cashed out there, but that seems contrary to what I would presume for your to consider any kind of a place to shave off some cornz....
The horse is dead, but if dead cats can bounce, then so can horses...
Of course, I wouldn't let spot price alone control my "fuck-you" lever, but not everything a human does or thinks are based purely on logic. $110k is just a threshold, a mental marker that I have set, and not at all related to any sell orders. Your presumptions are largely correct. I don't think this is the time to be shaving off any amount of corn, except if you absolutely have to (doesn't that apply every time?)...
I think that we can get to certain levels of profits that it does not matter when sales are done, even though sure there may well be inclinations to shave off as the BTC price is going up rather than going down.. so thresholds might really matter as much once crossing above them to a high enough amount.
So like I like to point out that if my cost basis is averaging around $1k per coin, then why would it matter very much if I sell some at 103x profits, 130x profits or even if I were to sell some at 60x profits?.. sure there might be a bit of a preference to sell at the higher amounts and to sell when the BTC price (and the profit level) is going up rather than down, but it might not make a whole hell of a lot of difference, especially if the amounts are relatively small.. even if they were 1% of the stash..
If we go back to the example of a person who might have a goal of having 21 BTC (this example I used in another thread), yet the guy has 35 BTC, so even if he ends up selling 1% of his stash at a bad time.. which would be 0.35 BTC, he might not really consider that selling to be that much of a BIG deal since he has a BTC stack size that is right around 66% higher than his target stack size.
2) getting a bit of a distance between $100k seems reasonable, but 10% hardly seems reasonable in terms of counting on anything... maybe 25% to 35% above it, or maybe I am asking too much? how did $1,100 work out in regards to $1k? We did not stay there very long. How did $11k work out in regards to $10k? Same thing.. It was not much of a thing.
You are not asking too much. Had it not been for my special $110k threshold, I would also pick a 30% margin as a healthy distance from the 5-->6-digit crossing point. I expect us (I mean, the price) to surpass that 30% margin very soon, maybe Q1 '25, dare I even suggest we'll see a 100% margin (i.e., price doubling) quite soon, with the usual wild bounces up and down on the way. We may be in for some major Trumpolining next year, but with a net-positive effect.
It could be in the cards, yet it is really difficult to know, and we cannot consider matters to be guaranteed, even though ongoing UPpity for 2025 seems to have decently good odds.
At some point I have to fix my Up prediction table to maybe even figure out my own currently assigned numbers that are sort of floating in my head.
Sure it is better to be going up rather than down, and I truly have been speculating that our last 10-ish days since we first crossed over $100k (seems like longer, right?), we have just been spending time preparing to punish the fuck out of the so many folks selling at or around $100k who have not yet bought back... so why would the punishment stop at $110k? Or why would $110k have much if any meaning?
No meaning. They will (continue to) be punished, that's for sure.
Right around 99% of the world's population continuing to fail/refuse to either buy any bitcoin or enough bitcoin.
Sure, I have little to no idea what is going to happen.. but I would not be surprised to see $125k to $135k without any kind of a meaningful correction.. Admittedly, sometimes it takes time to go up or down or to figure out which way we are going, yet in the end, I'm going to be surprised if there were any meaningful correction in these here parts, and $110k seems almost the same as $95k to me.. and yeah, maybe it is all in my head, since we know that many times minority scenarios end up playing out.
No one really does (have any idea what is going to happen). But if I had to bet, my money would be (are) on continuing the uptrend. Give it some time, and $100k will be far behind us. Happened with $100, $1k, $10k, at a time when adoption/acceptance was nowhere near the degree it currently is. And the supply is capped to under 21M BTC. Cliché, but true: 1+1=2 and 1 BTC = 1 BTC.
preach on.
$1M is the same. What's wrong with $900k? Or $1.1M? Human psychology... Just look at ChartBuddy when price is close to those nice, round, decimal numbers...
People do love round numbers, and historically in bitcoin those round number loving folks have tended to get screwed when they sold too many bitcoin at such round numbers... but yeah, in regards to $10k, we did end up coming back to that one quite a bit between January 2018 and all the way up to October 2020.
Yup. They do tend to get screwed by such round numbers, and some (mindrust, for one) even get screwed by DOWNity "outliers", like the one you mentioned. What was so special about $3500? Oh, that's right, the volatility. Scary thing.
Normies get screwed on the way up and on the way down, and even if any of us try to help them, they still cannot help but to end up screwing themselves, since they do not know how to keep accumulating or at least to just hold.
I mentioned previously someone I helped to get into bitcoin in mid-2021-ish.. so such person started accumulating $50 per week, even though I recommended at least $100 per week, but such person ended up selling around $25k which might have had been around break even prices, and then also such person ended up buying back in.. presumptively higher and then also ended up getting socially engineered out of the remainder...so it can be difficult, even if we might spend quite a bit of time with people, and this person is not dumb. works in a professional field has college education and even post bachelor's degree professional licenses.. but still.. problems with money management.. and problems with sticking with a fairly modest plan in relation to the person's income and other financial resources.
It does not seem to hurt holders as much as it hurts those who have not yet bought.
Cats like me don't know why but they do.
Probably you have squinty eyes. Cats do that as a sign of trust and affection....
yup cats do the slow blink thing to basically mean "im ok youre ok" so slow blink back, look away and then ignore them. its the cat way.
I never thought about that way of attempting to communicate with cats. I gotta try it next time that i come upon a cat communication situation.
"We" learn the most important kinds of life hacks in these here parts.
...I had an idea recently that I wanted to present here, just for fun really. We have been in a range from about $99k - $103k for weeks now. Why might that be?
Perhaps because some HODLers (myself included) wanted to have a record, a "souvenir", that they sold some BTC at over $100k. A psychological thing. In my case, I just sold a smidgeon of BTC at a (bitbo.io) price of a bit over $103k. But, Gemini (my exchange) does not actually pay that. They take about 2% of the selling price (plus a fee). So, I only got my sale proceeds at an actual price of about $101,250. That is the first time I actually have a sale of BTC at a real price of over $100,000.
I would speculate that there are rather many who would take a slice of their HODLings for that psychological 6-figure sale. They did it! They can show their friends or family that they sold over $100k! What geniuses!
That might also mean that when those HODLers take that souvenir, there might be somewhat less selling, and BTC price can resume its upward march...
^--- The above is just a thought. I don't pretend that it means much or anything. I just present it, well, as something that that you all might enjoy or make you go "Hmm"...
I know that you just love selling your BTC, OROBTC.. hahahahahahaha
At the same time, you are likely correct that a lot of normies are selling too many of their BTC too soon at or around $100k, and implicit in their selling of their BTC in that price arena, just like you seem to have some subconscious inclination that $100k is a high price, so all of you dumb money folks are likely going to get fucked by being so naive in regards to both what you are investing into and/or your failures/refusals to appreciate that bitcoin is likely going up from here (including that bitcoin is likely 1,000x or more undervalued..even though it could take a couple of decades or more to reach 1,000x more from here. which is $100 million per coin)..
The price is likely hanging around $100k for longer in order to get more of the not so smart money to be selling at around these price ranges.
Sure there are some guys with 100x or more in profits, so it might not really matter very much to them if they sell at $100k or if they sell at $80k or $120k, yet there are probably quite a few folks who are also scalping off small levels of profits (whether 2x, 3x or some other smaller amounts) and they may well not be looking too smart if they hardly even accumulated any BTC and they are never going to be able to accumulate enough Bitcoin to be able to get back the amount of BTC that they had prior to their around $100k sales of whatever BTC that they had..yeah and some of them are selling with an expectation to buy back cheaper, and even if they don't sell their whole stash, they may consider that selling 25% to be safe, when they really should not be selling any since their BTC stash is not very BIG in the first place..
I know that his historically you have been selling way more bitcoin than what I would have had presumed to be prudent, yet we are all free to chose which assets to sell, when to sell and how much to sell, including I already understand that you may well ONLY be selling 10% or less of your BTC stash.. or maybe you are ONLY selling around 1% so it is kind of a BIG so what as far as you are concerned, since perhaps you have some kind of reasonable systems that work for you, including that you have a fairly mature portfolio, as compared to folks who are still building their wealth... so there can be considerable differences in terms of how folks are going to end up being greatly impacted by their selling too much of their bitcoin too soon, merely because they are looking at some short-term fiat gainz (locking in the gainz).
We likely should consider that more than 99% of the world's population are low coiners or no coiners, so generally speaking an overwhelming majority of the world's normies should be buying coin rather than selling, even if there are perceptions that they BTC price is high, but yeah, they may well end up just having to buy back at higher prices if they ended up selling or they are going to have to buy at higher prices because they see their dumb money friends selling and bragging about their short-term dollar profits... especially once they realize that they don't even have close to as much coin as they should have (or they wished they would have), which will likely ONLY become apparent when we are at higher prices, perhaps $150k, perhaps $180k, perhaps $240k or some other variant, some folks will realize that the sold way too many coins at $100k, just because they were dumb and failed/refused to sufficiently figure out the value proposition of the asset that they had held.
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