I really don't know if $124k was the top or not. I know that i'm holding out for too long too often, which makes me bad at "timing the market".
Still, i remember LFC is much better in this regard, but in a market situation which is as complex as today, even he could be wrong.
But what i know for sure is that each Satoshi i sell is no longer mine.
#sellwhenyoumust
Every Bitcoin we sell is a mistake in the long term but life comes at us fast. I have enough Bitcoin to fund my life until I die and leave an inheritance to my kid.
That doesn’t mean I want to be a wage slave and struggle by HODLING everything to the grave. Bitcoin is here to free us from misery and improve life. If you can upgrade your life because you bought early, by selling some corn you should do it.
I just can’t reiterate how much this cycle has disappointed me. I just can’t justify selling any more at this price, if I was going to at 109k then I should have done so in January, sickening really how poorly Bitcoin has performed in 2025. You can guarantee though that as soon as stocks have a big correction or we go into a recession, Bitcoin will shit the bed and dump more than everything else.
Maybe the best opportunities are selling more near the top of cycles and buying the blood in bear markets because simply buying, for example today & HODLING, isn’t going to give you any better returns than the stock market for 3-4 years at least.
I really wanted to send you an smerit, since the first part of your post relates to shaving off profits along the way and figuring out ways to have bitcoin to help us to either live our lives without worrying about working as much and/or maybe to be able to provide ourselves and people around us with more comfortable situations (perhaps more options?) - especially when we live in a world in which the robbery from us has become more obvious by the ongoing debasement of the dollar and other dollar-related assets that have been inflated and perverted based on irresponsible dollar-based (and other fiat-based) policies and practices.
You are wrong when you are looking at short-term performance of stocks and/or any other asset and/or commodity - even though sure such numbers can be spun to provide fuel for your ongoing exaggerated whining points.
You seem to get the number go up aspect of bitcoin, but something is missing in your whole way of thinking about matters, and I am not sure where to place it without getting into repetition of prior zoom-out themes.
Maybe you have certain favorite persons that you follow on Twitter or some other bitcoin related places that cause you to go along with their thinking? In recent times, I have seen some pretty smart people with similar dumbass posts like you - and it is like they stocked too much mental energy into the inevitability of UP... as if bitcoin is guaranteed.
Sure, I understand that something seems a bit off, like we are getting manipulated by fractional reserves - but that might not even be true.. There might just be too many whiners? I don't know.
By the way, I heard that "the facts" are that we have been completely flat since January of this year (Trump's inaugeration), which is not even completely true.
We could have had argued that we were completely flat from December 2017 to December 2022, too... which is almost pure bullshit spin, even though argued as "facts."
The arguments that other assets / commodities are outperforming bitcoin are lame as fuck too. You guys arguing such points should go invest in the various inferior crap that you can identify to have potential (or probability) to outperform bitcoin, whether it is gold, certain stocks or whatever. Good luck with that, and beforehand I should just wish to you to have fun staying poor.
After the fact we are always going to find various out peformance of certain assets - hindsight is 20/20.. yet bitcoin has been the best place to be, and likely will continue to be the best (or at least be risk-weighted better) place to be. But hey, your milage may vary and you can fuck off into those other assets.
Don't get me wrong with my strong language, since I am not against diversification, as long as you are not too dumb about it, and you make sure that maintain decently strong allocations to bitcoin, especially if you have gained your high allocation to bitcoin mostly through BTC outperformance of other assets, which is likely the case with an overwhelming majority of guys who had done the vast majority of their investment into bitcoin prior to 2021.
Even a guy who got into bitcoin fairly late in 2020 may well should have had pretty decently strong chances of having an average cost per BTC that is at or below $10k per cornz.. which truly is not a bad place to be right now with holdings that are minimum 10x to 11x up. .right now as I type this post.
Another thing, don't get me wrong about my willingness to devolve into spot price thinking (since those are the prices that we buy and sell our BTC, to the extent that any of us are still buying and selling our BTC very much).. but anyhow, the main way of valuating our holdings is through the 200WMA
Even a guy who got into bitcoin at the top of the 2017 bullrun and mostly attempted to front-load his investment into bitcoin by investing around $100k into bitcoin for 3 years between 2017 and 2020 would likely have had accumulated at least 14 BTC, and truly the guy would be in a good place as long as he continued to hold until today, he might even be in a position to start to sustainably withdraw from his BTC, yet I would argue that the minimum needed for sustainable (meaning perpetual or forever and ever)
withdrawal at $80k per year, he would need to have at least 14.6655 BTC right now in order to start such sustainable withdrawal practices at that $80k per year rate.Early birds who had been fairly aggressively accumulating bitcoin in their earlier years, like you seem to be such a person LFC, should have plenty of cushion to be able to start some kind of a sustainable withdrawal of their BTC and to not really need to worry about the BTC price - even though maybe part of your problem might be that you want to withdrawal at a rate that is beyond your stash size... and even that is not necessarily a problem in bitcoin for guys who have patience (and enough time and health - and you said that you are not even very old) to be able to pace their withdrawal rate to potentially withdraw a lower rates (referring to dollar value) in current times in order to be able to withdraw at higher rates (referring to dollar value) at later points down the road.. We have no other investment better than bitcoin in order to really do the numbers and have some level of confidence that we are not going to get rug pulled down the road.
By the way. Happy Whitepaper day.
Splashing out on FLAVOURED noodles!?
Get you!
mr moneybags over there
Perhaps slightly more than 20 years ago (in the early 2000s) I recall going to a HongKong style chinese restaurant that was next to where I worked at the time, and I would get duck noodle soup (to go), and I would eat it in my office. I am pretty sure it was right around $4.99 (or something like that), and I bet it would cost close to $20 for the same thing, if I could find such a place.. but they were those same kind of egg noodles... Of course there's were likely not from a Ramen pack.. The new $5 is $20.
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