and I did not sell off btc like og did
Too bad. It’ll be 3+ years before another good selling opportunity.
I should mention I sold off a small minority of my BTC.
JJG sells off more (measured in a % of his holdings) in a four year cycle than I do.
If I sell off 10% of my stack once every 4 years at the top and accumulate it back through the bottoms while JJG sells off 4% of his stack per year and doesn’t accumulate any back. Who is more bullish?
I’m buying back $1,250 more BTC tomorrow, just like I did last month, the month before that, and will be doing for the next 21 months…
I did not know that we were having a "who's more bullish?" contest.
Interesting.
Part of my ongoing criticism of you relates to how smart that you are trying to act in your various spins of what you are supposedly doing, yet part of your underlying likely loss comes from your failure to stack and some of your earlier sales in which you were not able to get back your stack (such as 2017) yet you want to act like you are smarter than everyone else.. and a bit of humility would likely be a good thing - but you would rather brag and compete in regards to details that we could not confirm anyhow.
So yeah I recognize that you consider yourself to still be in your BTC accumulation phase, and whether that is due to your not having enough BTC or your setting your goals too high, I am not sure. You seem to subscribe to a school of thought that contributes to a mentality that you can never have enough, which I consider that to be problematic since I think that guys can get to a stage of having enough or more than enough BTC.
You seem to be describing my goals as if I were the same as you in terms of having goals to continue to accumulate bitcoin, which I am no longer in that stage of my bitcoin investment journey, even though from time to time, I might buy some extra BTC from funds that are not already in my bitcoin funds.
I have largely been following price-based sustainable withdrawal since 2015 - which does tend to result in buying back.
Time-based sustainable withdrawal does not tend to have buying back within its parameters, and I had set up a couple of my accounts to start following that since 2022, and those accounts had been selling way below the authorized amounts, so largely between 3% to 6% per year based on the dollar value of the 200-WMA - even though my theory is that 10% withdrawal per year based on the dollar value of the 200-WMA would be tolerable. Even within the first two accounts that were authorized to be able to sell, some of them pay in BTC or even transfer to other accounts (that are not under my control) that hold the value in BTC, so there seems to be a bit of refusal to sell the BTC, even though surely some of the authorized bitcoin is being sold (converted into dollars).
In recent times, I had authorized the ability of a couple more accounts to withdraw within the time-based sustainable withdrawal systems at about a 4% per year rate (for testing purposes)- yet those additional accounts had either refused to sell any BTC or sold BTC in fairly sporadic ways that ended up falling way below their 4% per year authorized rates.
You can see various aspects of my discussion of price-based and time-based sustainable withdrawal in
my sustainable withdrawal thread, and surely my ideas of sustainable withdrawal for either of the systems (price-based and/or time-based) tend to authorized BTC sales in ways that create expectations of not being able to buy back the BTC that had been sold, even though since BTC is quite so crazily volatile, quite a few buy backs end up happening, yet the buy backs (to the extent that they happen) are largely ONLY within about 5% of the sales price, so they end up serving more like maintenance and/or downside insurance rather than any meaningful attempt to grown the size of the bitcoin holdings.. so there isn't really any goal to accumulate bitcoin in any substantive and/or meaningful way with even the price-based sustainable withdrawal system.
Part of the reason that there is not much if any mission to attempt to accumulate more bitcoin is because I had already reached a conclusion somewhere between 2015 and 2017 that I had already reached over accumulation status - and surely my definitions of overaccumulation status have changed since then, even though there ends up being ingrained abilities to sell within the overaccumulated amounts without any necessity to accumulate more bitcoin.
Frequently I like to use the idea of an $80k income in order to attempt to explain, from my perspective, how overaccumulation status works. We don't even have to go back more than 10 years. Let's say that 10 years ago, a guy was in his mid 30s, and he had an income of around $40k, and he told himself that he was going to accumulate bitcoin until his bitcoin could support him with a income of $80k per year (largely double his income and I am keeping the numbers flat for ease of calculation). So let's say that the guy started to DCA into bitcoin at $150 per week (19.5% of his income - sure a pretty aggressively high rate) since January 1, 2016, and so by now, he would have had invested nearly $80k into bitcoin, and he would have had accumulated 22.9 BTC.
Also if he looks up how many BTC he needs to have
right now in order to sustain an income of $80k per year (with 7% increases each year), he sees that it would be a minimum of 13.8153 BTC, so he realizes that for some reason he had ended up accumulating right around 9.1 BTC more than he needs in order to meet his threshold standard of starting to withdraw bitcoin forever and ever and ever at the dollar rate of $80k per year and with a 7% raise each year. He is largely within overaccumulation status with those extra 9.1 BTC...and he has a lot of freedom in regards to how to utilize that extra 9.1 BTC or merely to just keep that extra 9.1 BTC as a kind of cushion.
The guy can employ time based sustainable withdrawal and/or price based sustainable withdrawal, and as long as he is staying within overaccumulation status (which should be easy with an extra 9.1BTC) then he does not need to worry about buying back any BTC, including that he can monitor the extent to which the quantity of his BTC cushion is shrinking or getting larger in order to see if he needs to take any actions to either decrease or increase his withdrawal rate.. .whether he withdraws monthly, quarterly, annually or on some other frequency.
at jjg my decisions in 2022 and 2023 are not what matter now.
Of course they do.
How you invest, allocate and/or change your allocations is a package (and/or a way of life), which is part of my point.
If you made a gamble and your gamble paid off, sure you feel good about the bets that you made and that they had ended up paying off, but it might not have had been a good practice to be gambling rather than investing - especially with something like bitcoin..
For sure, we likely try to figure out and follow good ways of accumulating BTC, goods way of maintaining our BTC stashes if we might have had gotten to a quantity of BTC that we would like to maintain.... or even a good way of entering into sustainable withdrawal, if we might conclude that we have enough BTC or more than enough BTC to sustain our withdrawal rate at a level that we would like to deploy
a wall report
the usual suspects out and about i see...delightful
i wish you all a joyous and bountiful year
just want to observe that there are clear times when accumulating is advantageous
dyor
D
W
Go figure!!!!!!
I was just talking about you in recent times... hahahahahaha
I am ready for more dip.
You are always ready for more dip.
That's how you roll.
[edited out]
I am OK with 76.37K (reached today)...js
We are in the WO thread, and in these here parts, we use Bitstamp, which registered $75,555 about 8 hours ago, as I draft this post. js
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