JayJuanGee
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Merit: 10739
Self-Custody is a right. Say no to"Non-custodial"
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June 09, 2023, 12:02:09 AM Last edit: June 09, 2023, 02:05:24 AM by JayJuanGee |
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For sure, it can take a long time to build up your investment portfolio to a level in which you start to feel comfortable with the size.. maybe it starts to reach 1 or 2 years of your annual salary (or the amount that you need to live for one or two years), and then you may well start to feel the value of being conservative and building over the many years that it took you to get there.. perhaps it took you more than 10 years and maybe even close to 15 or 20 years to get to the level of having 1-2 years of living expenses in your investment portfolio... and sometimes as you get your investment portfolio larger, then it may well start to compound on itself in greater ways.. and surely the power of bitcoin has good potential to help any of us with the compounding effects of our investment and it is not as likely to happen if we are pissing around with trading rather than ongoingly building Going by your points here, it is eminent that we take cognisance of what category of an investors we belong to, many people thinks that this is what they get into and must within a short period of time behold it result in their hands, but bitcoin investment is beyond that, when you buy the dip, hodl the coins, get secured and leave the asset to mature to an extent of being profitable whereby you experience a massive increase on your investment. It usually take upto four years before such may occur since every halving takes place within this same stipulated interval, then comes the increase you least expect from your digital currency bitcoin which turn to a profitable investment or asset after your holdings, but hence if you can't endure this hodl for long the other alternative is to trade under a short term basis. I am not really opposed to anything that you are saying Dunamisx, and there could be some circumstances in which some folks might get lucky and lump sum buy BTC towards the bottom of a dip, and thereafter never really end up suffering from ever having their BTC stash to go into the negative, yet at the same time, I would think that the more common case would be to be continuing to buy into BTC, even if a relatively large lump sum investment might have strategically taken place in order to cause the investor to be in profits right from the start and to just continue to largely be in profits - even though also historically any one who suffers through dips that are 50% to 90% and sometimes lasting for years at a time can sometimes be shaken from his/her BTC accumulation (or even HODL) strategy, even if there had not been any intentions to do anything except to buy BTC for the long term.. and even the selling might have been considered to either be way into the future (such as 4-10 years or longer) or the selling might have been a thing that was not really considered to be any kind of core way of dealing with BTC maintenance in the years to come based on projections that there may well be better assets to sell and trade in (Gresham's law considerations - projected into the future). I guess that I am just saying that it is not easy to generalize what might happen to people in terms of suggesting that they have to have some period of suffering in the years that they are earlier towards investing into bitcoin, even though I agree with you that suffering does seem to be a frequent occurrence, even with rich people who invest into bitcoin... even though also many times rich people have some easier ways in which they can hedge the various positions that they take (whether in bitcoin or otherwise), and poor people might not have hardly any other investments (besides bitcoin and cash), and they might have some difficulties to hedge their position while they are still in the earliest years of their building their BTC portfolio (and even sometimes hedging too much too early, could end up being a costly behavior for poor people to employ, relative to more well-off people). [edited out]
....holding for long and using DCA method is the only way that your bitcoin investment portfolio can attain a great height and value. I would not say that DCA is the "only" method, since there is lump sum investing and there is buying on dips (the topic of this thread), even though DCA is amongst the best of methods to get started right away.. and hopefully, people who get started in bitcoin as soon as possible will end up tailoring their BTC accumulation approach to their own situation.. which may well mean to start out with DCA.. and then to figure out various goals that they have that are personally tailored.. that might take years to play out with various tweaks and adjustments along the way.. that hopefully relate to ongoing learning. and perhaps not devolving into those kinds of desperation and/or gambling strategies that you had referred to in your post Sim_card. Yea you are right,there are different method in which one can use to accumulate their coins not just DCA. It all boils down to the nature of your income during a given period of time. Buying at dip is always an opportunity for those who see the market as an opportunity for them to acquire more bitcoin when other investors are selling off due to panic,this strategy helps to buy large amount of bitcoin at a cheaper price. On the other hand buying at lump is for those investors who have plans to accumulate bitcoin when a huge amount of cash comes in and they invest it into bitcoin because they understand that bitcoin is a store of value and an asset to keep their funds away from depreciation,this practice is always done once in a while. The last set of investors are those who use the DCA method by accumulating their bitcoin gradually from their monthly income,a fraction of it is use to accumulate more bitcoin to their investment portfolio, due this strategy might not be regularly done due so some unforseen circumstances that can increase our emergency spending. I do accumulate my bitcoin in two of this methods but it depends on my present financial statues. I DCA every month and sometimes when I have a good cash inflow which I don't have plans for that huge sum of cash that came in,I immediately use it to buy bitcoin,so that my funds wouldn't be hit by inflation and I can also have a good significant amount of bitcoin in the next 8-10yrs because I use bitcoin as a store of value which I will benefit from in the long run. These are some secretes that some investors fails to understand and instead they will always be checking bitcoin price to see if it is pumping or dumping,all these will discourage them from the mindset of hodling for long and they will sell at the unexpected time. Either they will be carried away with the anxiety of the high price and sell off or they will panic and sell of when the price dips lower than what they bought. It does seem that you are attempting to be realistic in terms of trying to figure out the various ways that individuals can experience dilemmas during their earliest stages of BTC accumulation and those earlier stages of BTC accumulation might even last for 10 years or longer, yet I am not even sure if I understand what you are saying that your strategies are since you say that you regularly DCA'ing but then at the same time, you acknowledge that there are lump sum investing methods too.. but then in regards to the subject matter of this thread, you are not really describing how you deal with the issue of buying on dips (beyond largely just continuing to DCA and not stopping). Many of us have acknowledged that with DCA, you really do not need to stop, and you could merely just adjust your DCA size from time to time based on your own cashflow considerations, including that any additional lump sum amount of money that you might come across in your income or your yearly cashflow could also just be folded into a kind of DCA practice. Your forum registration has ONLY been a little bit less than a year, so it is difficult to project a long record.. I don't want to respond to you in a way that is not appropriate to your circumstances, but let's imagine that you had been into bitcoin for two years, and so in mid-2021, you started buying bitcoin, but you were new to bitcoin, so you did not want to become too aggressive, and so you started out at $10 per week, and then after a year or so, you decided to increase your weekly amount into bitcoin to $100 per week... so maybe once or twice a year you might get extra cashflow (let's say $1k bonuses or whatever twice per year..but you are not always sure if you will end up receiving them.. so you cannot spend them in advance) and then once you get each of the bonuses, you can decide whether to buy BTC right away and just lump sum into it, or you can decide to put that amount into your DCA, and maybe spread it out for 10 weeks or for 26 weeks or whatever period of time that you would like to do. Another possibility would be to divide your bonus into three parts. One part (such a third) is used to buy BTC right away, the second third is plugged into your DCA over whatever period you would like to apply it and the third part is set aside for buying on dips, if such BTC price dips happen.... It seems to me that the longer that any of us put these methods into account the better we likely will become in terms of deciding how to allocate our BTC buying/accumulating decisions, and we will also see how we might need to modify our approach as we start to see that our overall investment portfolio is getting larger and larger - whether our investment portfolio is in profits or not, we can see that through time, our investment portfolio (whether completely in BTC or having other assets) is growing and for sure we feel better if it is in profits, but the extent to which it is in profits might not be a BIG factor in terms of causing us to change our strategy beyond mostly attempting to make sure that we are managing our cashflow well and the extent to which we have sufficiently ensured that we are maintaining an emergency fund, and sure .. depending on the totality of the various other individual factors that we are considering, too. I think not spending your Bitcoins and holding them as if they were the last thing you want to get rid of is the most wrong thing to do because if the goal is to be able to spend them one day then how can we expect this to happen if it's not us the first to do it? And also spinning many Bitcoins would also help the growth of the network. While on this thread, I have really learned about the importance of holding Bitcoin for a long time. With discussion on how to hold our Bitcoin for a long time, I have also understood that there is nothing wrong with holding your Bitcoin for as long as you want, but a member of the quote above thinks it's very wrong to hold Bitcoin for a very long time. I think he is the one who is wrong in his thoughts, but what is your opinion about this? I just want to be clear. Responses are appreciated; please. Thanks. Bitcoin gives everyone free hand and access to do whatever they thought of with their bitcoin, it's not a do or die affair whereby after buying you must hold till finite. Don't quote me wrongly but just try to get my point here, I may decides to buy bitcoin today and sells in the next two to three months after which I think the little increase or profits gain from it is okay by me. Also remember that I may buy bitcoin and in few days interval urgency may come to me whereby I can decides to sell and settle the problems at hand but that doesn't mean I do not want to hold my bitcoin, but since there is no alternatives on how to get it sorted out I then decides to sell my bitcoin is not a bad decision I have taken so far. But main problem here is, If I could be able to get them back at that cheap price which I sold because knowing too well that bitcoin price can't be as same when buy this year and next year. Being able to utilized the opportunity given to us at a plater of Gold is another great deal which many does not know that opportunities never waits for anyone. As a fellow you have something good doing at hand and it happens that you just buy and sell without any reason is really bad because bitcoin is a Gem which is worth holding for long term. You are correct SmartGold01 that you have the discretion to do whatever you want, including overly investing into something (such as bitcoin) and not having your shit sufficiently together and being forced to sell 3 months later or 1 year later or some other timeline in which you end up selling your bitcoin at a time that is other than your own choosing because you over invested and you gambled and you were using money that should have had been in some kind of emergency fund.. and bitcoin is not a good emergency fund.. even though the more that you are in profits, the more options that you would have to keep some value in bitcoin as an emergency fund. Part of the rationale of not investing more than you can afford to lose would be that you do not have to sell any of your bitcoin at any time other than completely your own choosing and hopefully there can be a variety of options that could be arranged in which there are funds available that can be drawn upon and there are choices in regards to which funds might be drawn upon during periods in which it might seem that everything is dropping (except for dollars) and maybe some larger quantities of your value should have been in dollars rather than getting greedy in regards to holding too many bitcoin and having to sell at a time that is other than your completely own choosing. PS... By the way SmartGold01.. when I glanced at your profile (after I had already drafted this above response), I had just noticed that you had created a thread from February with my name in it.. hahahahahahaha.. ..
Strange as it may seem, I had not realized that such thread existed.. and no one mentioned that thread to me.. Within the next day or two I will try to take a look at it..
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Wind_FURY (OP)
Legendary
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Activity: 3024
Merit: 1880
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A successful bitcoin hodler is that person who can be flexible with the market price of bitcoin and come up with a different strategy which he will use to accumulate more bitcoin to his investment portfolio in the process of holding for a very long term,because he is prepared psychologically and financially, and has the understanding that some unforseen circumstances can be a barrier towards him accumulating even when he has reached the target quantity of bitcoin. He uses the three methods to accumulate more bitcoin to his investment portfolio,which is either buying at dip,DCA method or buys at lump because he understands what the size of his bitcoin portfolio will be like in the nearest future to come and stay strong on his focus,disregard of what he will pass through to achieve his goal.
In the middle of the confusion and the outrage caused by the SEC, a successful Bitcoin HODLer is also the person who judges the quality of his/her investment by the kind of enemies it makes, and Bitcoin has made some significant enemies out of those high-ranking bureaucrats who are working for the government. I believe that success shouldn't only be measured through how much value Bitcoin has made for you. It should be measured by how much you want to support its ethos. As a mere HODLer, support = HODL.
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Dunamisx
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 09, 2023, 08:16:54 AM Merited by JayJuanGee (1) |
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A successful bitcoin hodler is that person who can be flexible with the market price of bitcoin and come up with a different strategy which he will use to accumulate more bitcoin to his investment portfolio in the process of holding for a very long term,because he is prepared psychologically and financially, and has the understanding that some unforseen circumstances can be a barrier towards him accumulating even when he has reached the target quantity of bitcoin. He uses the three methods to accumulate more bitcoin to his investment portfolio,which is either buying at dip,DCA method or buys at lump because he understands what the size of his bitcoin portfolio will be like in the nearest future to come and stay strong on his focus,disregard of what he will pass through to achieve his goal.
In the middle of the confusion and the outrage caused by the SEC, a successful Bitcoin HODLer is also the person who judges the quality of his/her investment by the kind of enemies it makes, and Bitcoin has made some significant enemies out of those high-ranking bureaucrats who are working for the government. I believe that success shouldn't only be measured through how much value Bitcoin has made for you. It should be measured by how much you want to support its ethos. As a mere HODLer, support = HODL. Being a genuine holder, you're not expected to show fear on what is going on especially with the circulating news for fear of missing out, if a bitcoiner truly understand the difference he stand betw him abd someone who had invested on other cryptocurrencies, fear of missing out through the influence of the news shouldn't be a foncer because it will definitely affect your hodl, some may through these sell out even when it's not yet time. Some got carried away because they think the market is going bear and so could there asset go down completely to zero so they have to rush in haste and sell, being a bitcoin holder, you will have to learn and know how to react to aggressive news around the crypto network as well as being calm to hold on to your decision because those are nothing but sight attractions causing nothing but distractions on holders. The attack we are talking on may come through the government, other competing cryptocurrencies, influencers, scammers and many other sources for their own interest just in other to ensure they cause a stir to the bitcoin network which apparently has nothing to do with the market price, because the demand and supply is what majorly justifies this, you can imagine how grateful those holding this year would become by next year when we have already experienced bullrun after which Halving has taken place.
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SmartGold01
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 09, 2023, 11:19:08 AM Merited by JayJuanGee (1) |
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Bitcoin gives everyone free hand and access to do whatever they thought of with their bitcoin, it's not a do or die affair whereby after buying you must hold till finite. Don't quote me wrongly but just try to get my point here, I may decides to buy bitcoin today and sells in the next two to three months after which I think the little increase or profits gain from it is okay by me.
Also remember that I may buy bitcoin and in few days interval urgency may come to me whereby I can decides to sell and settle the problems at hand but that doesn't mean I do not want to hold my bitcoin, but since there is no alternatives on how to get it sorted out I then decides to sell my bitcoin is not a bad decision I have taken so far.
But main problem here is, If I could be able to get them back at that cheap price which I sold because knowing too well that bitcoin price can't be as same when buy this year and next year. Being able to utilized the opportunity given to us at a plater of Gold is another great deal which many does not know that opportunities never waits for anyone.
As a fellow you have something good doing at hand and it happens that you just buy and sell without any reason is really bad because bitcoin is a Gem which is worth holding for long term.
You are correct SmartGold01 that you have the discretion to do whatever you want, including overly investing into something (such as bitcoin) and not having your shit sufficiently together and being forced to sell 3 months later or 1 year later or some other timeline in which you end up selling your bitcoin at a time that is other than your own choosing because you over invested and you gambled and you were using money that should have had been in some kind of emergency fund.. and bitcoin is not a good emergency fund.. even though the more that you are in profits, the more options that you would have to keep some value in bitcoin as an emergency fund. Part of the rationale of not investing more than you can afford to lose would be that you do not have to sell any of your bitcoin at any time other than completely your own choosing and hopefully there can be a variety of options that could be arranged in which there are funds available that can be drawn upon and there are choices in regards to which funds might be drawn upon during periods in which it might seem that everything is dropping (except for dollars) and maybe some larger quantities of your value should have been in dollars rather than getting greedy in regards to holding too many bitcoin and having to sell at a time that is other than your completely own choosing. Any investment which investor is selling out of proportion to me it seems to be a misplacement of priority, such opportunity may never happened it's good to always have a spare cash at hand and not investing with all they have for any emergence purpose. Planning very carefully sometime always protects our investment, because we won't deliberately go alter whatever assets we had accumulated. But that notwithstanding, Everyone invested according their capacity also have the power and ability to sell at any given time without undermining what form and kind of currency they are actually holding be it bitcoin or altcoin, anyone who is holding bitcoin understands the potentials of it would never let it go in just a little blown of an air of hardship or problems that may likely arise. Drafting investment is a long benefits to the investors also help securing long lasting profitability which is more overly for long term investment rather than go for a package of short term. PS... By the way SmartGold01.. when I glanced at your profile (after I had already drafted this above response), I had just noticed that you had created a thread from February with my name in it.. hahahahahahaha.. ..
Yeah, there is nothing much attached to it just that I tried to scrolled down on your merits spray and I couldn't be able to finished it. I was wondering the kind of strength you used in giving out merits to users over here. Strange as it may seem, I had not realized that such thread existed.. and no one mentioned that thread to me.. Within the next day or two I will try to take a look at it.. I never knew you had no idea about it, was actually thinking Expert as you people always used a notification bots maybe if anyone mentioned your name you get notified by the bots.
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rachael9385
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June 09, 2023, 12:08:31 PM |
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BUT if we're lucky enough, I would suggest that you keep that you're HODLing Bitcoin only to yourself, not even your relatives and close friends should know. Believe me, wealth doesn't entirely change the person who made the wealth. It changes those people around the person because they know he/she has made wealth.
In my personal experience the "wealth change" wasn't that much during last ATH, but if Bitcoin surges to $1 billion, I probably should go into hiding.
Indeed, it's not just Bitcoin that we need to keep secretive. We don't know who is who, and we also don't know who those that are close to us are; we just have to play it safe first before we think about praising ourselves. That's why in this forum, privacy protection is among the things that's highly advisable to holders. Even if it's not Bitcoin holdings, it's important to always note that there are levels of wealth that we might be in possession of that we don't need to disclose to anyone. Because betrayal comes from envy, jealousy, and greed, if someone who is close to you knows that you are holding a huge amount of Bitcoin or some level of wealth, they can turn out to be the unknown enemy that we have been hearing about. If they can't harm you themselves, they will discuss you with the next person who will. Sometimes they won't do it because they want to take away all that you have, but because they just don't want you to have it. I guess you are very right on this because a man secrets is what keeps him afloat from others. I would not be having some certain amount of BTC and then disclosing it to my friends because I want to show a sign of wealth that would be stupidity and a sign of immaturity as well.
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JayJuanGee
Legendary
Offline
Activity: 3822
Merit: 10739
Self-Custody is a right. Say no to"Non-custodial"
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 09, 2023, 06:40:32 PM |
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Bitcoin gives everyone free hand and access to do whatever they thought of with their bitcoin, it's not a do or die affair whereby after buying you must hold till finite. Don't quote me wrongly but just try to get my point here, I may decides to buy bitcoin today and sells in the next two to three months after which I think the little increase or profits gain from it is okay by me.
Also remember that I may buy bitcoin and in few days interval urgency may come to me whereby I can decides to sell and settle the problems at hand but that doesn't mean I do not want to hold my bitcoin, but since there is no alternatives on how to get it sorted out I then decides to sell my bitcoin is not a bad decision I have taken so far.
But main problem here is, If I could be able to get them back at that cheap price which I sold because knowing too well that bitcoin price can't be as same when buy this year and next year. Being able to utilized the opportunity given to us at a plater of Gold is another great deal which many does not know that opportunities never waits for anyone.
As a fellow you have something good doing at hand and it happens that you just buy and sell without any reason is really bad because bitcoin is a Gem which is worth holding for long term.
You are correct SmartGold01 that you have the discretion to do whatever you want, including overly investing into something (such as bitcoin) and not having your shit sufficiently together and being forced to sell 3 months later or 1 year later or some other timeline in which you end up selling your bitcoin at a time that is other than your own choosing because you over invested and you gambled and you were using money that should have had been in some kind of emergency fund.. and bitcoin is not a good emergency fund.. even though the more that you are in profits, the more options that you would have to keep some value in bitcoin as an emergency fund. Part of the rationale of not investing more than you can afford to lose would be that you do not have to sell any of your bitcoin at any time other than completely your own choosing and hopefully there can be a variety of options that could be arranged in which there are funds available that can be drawn upon and there are choices in regards to which funds might be drawn upon during periods in which it might seem that everything is dropping (except for dollars) and maybe some larger quantities of your value should have been in dollars rather than getting greedy in regards to holding too many bitcoin and having to sell at a time that is other than your completely own choosing. Any investment which investor is selling out of proportion to me it seems to be a misplacement of priority, such opportunity may never happened it's good to always have a spare cash at hand and not investing with all they have for any emergence purpose. Planning very carefully sometime always protects our investment, because we won't deliberately go alter whatever assets we had accumulated. But that notwithstanding, Everyone invested according their capacity also have the power and ability to sell at any given time without undermining what form and kind of currency they are actually holding be it bitcoin or altcoin, anyone who is holding bitcoin understands the potentials of it would never let it go in just a little blown of an air of hardship or problems that may likely arise. Drafting investment is a long benefits to the investors also help securing long lasting profitability which is more overly for long term investment rather than go for a package of short term. We are not really talking about shitcoins here or the extent to which it might be prudent at all to include them in your investment portfolio, but surely each person does need to figure out those kinds of allocation matters - including the extent to which they might get involved in shitcoins - especially if they might already know about bitcoin and they are attempting to decide how much to get involved (or invest into) bitcoin. For sure there are ways to accomplish individual objectives, and some folks might have trouble really figuring out the various possible investments even if they might end up accomplishing the first most important step which is to figure out how much of a budget that they actually have for investments.. whether they have any discretionary income (extra income after accounting for their expenses), and then if they do have discretionary income to figure out the extent to which they might make changes in their life (or even have some upcoming changes in their cashflow/employment status) that would contribute towards their considering their cashflow into the future - once they might have had assessed their past investments (if any). So choosing assets to invest into is still only one part of the formula, and the likelihoods of getting stressed out over some of the current events (or dynamics in the macro dynamics) might partially indicate that the person is not having a lot of success in terms of figuring out his/her own finances and the creation of some kind of a road path in regards to personal finances will likely help with psychology and also likely help with choosing which assets to invest into, what proportions and maybe even various ways to make progress towards reaching staking level goals - depending on which assets are choosing and target levels that are chosen, too. PS... By the way SmartGold01.. when I glanced at your profile (after I had already drafted this above response), I had just noticed that you had created a thread from February with my name in it.. hahahahahahaha.. ..
Yeah, there is nothing much attached to it just that I tried to scrolled down on your merits spray and I couldn't be able to finished it. I was wondering the kind of strength you used in giving out merits to users over here. I am planning on making a response over in that thread soon.. maybe even today or tomorrow.. and I read through the first 3 pages.. so I am getting close to being able to respond.. .. and at the same time, there might be some things that you are asking me related to merit sources that I have no intention to really getting into any of the nitty gritty - and you likely can review various sources about merit sources, and even some of the threads in which theymos had introduced the addition of such merit source practice in January 2018. There are a lot of threads out there related to merits and merit sources... and this one is good to give you some numbers, comparisons of various members and even members sometimes making comments (or complaints) along the way.. of course, there is no need to read every single response inside those kinds of threads.. but sometimes you can still see that various discussions had taken place, and maybe even members complaining more in the earlier years.. but then maybe not complaining as much in recent times.. and maybe complaining about anyone who complains in recent times.. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) .... which I am not even suggesting that some of the current complaints might not be valid.. and I have even participated in some of those conversations without even wanting to necessarily repeat something that I might have posted about 1 or 2 years ago.. or maybe even my ideas have changed, or maybe I am not even wanting to discuss some things.. and then just telling the member to go back in history and to figure out some of those matters.. to the extent that the issues matter or if there might be a specific question that is tied into something that happened or why, then surely it could be a better frame for a question, rather than just generally asking about some kinds of things that might be answered by browsing through some of the threads related to the topic. Strange as it may seem, I had not realized that such thread existed.. and no one mentioned that thread to me.. Within the next day or two I will try to take a look at it.. I never knew you had no idea about it, was actually thinking Expert as you people always used a notification bots maybe if anyone mentioned your name you get notified by the bots. Yes.. there are some members who use those kinds of bots to notify them if their name had been mentioned in some forum post, or maybe if they are a bot, then they use themselves to notify themselves. I deny receiving any such notice prior to yesterday, and if I had received notice prior to yesterday, I did not recognize it, appreciate it or understand it.. sufficiently enough to actually realize that I "should" "look into it".. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) BUT if we're lucky enough, I would suggest that you keep that you're HODLing Bitcoin only to yourself, not even your relatives and close friends should know. Believe me, wealth doesn't entirely change the person who made the wealth. It changes those people around the person because they know he/she has made wealth.
In my personal experience the "wealth change" wasn't that much during last ATH, but if Bitcoin surges to $1 billion, I probably should go into hiding.
Indeed, it's not just Bitcoin that we need to keep secretive. We don't know who is who, and we also don't know who those that are close to us are; we just have to play it safe first before we think about praising ourselves. That's why in this forum, privacy protection is among the things that's highly advisable to holders. Even if it's not Bitcoin holdings, it's important to always note that there are levels of wealth that we might be in possession of that we don't need to disclose to anyone. Because betrayal comes from envy, jealousy, and greed, if someone who is close to you knows that you are holding a huge amount of Bitcoin or some level of wealth, they can turn out to be the unknown enemy that we have been hearing about. If they can't harm you themselves, they will discuss you with the next person who will. Sometimes they won't do it because they want to take away all that you have, but because they just don't want you to have it. I guess you are very right on this because a man secrets is what keeps him afloat from others. I would not be having some certain amount of BTC and then disclosing it to my friends because I want to show a sign of wealth that would be stupidity and a sign of immaturity as well. People show off their wealth all of the time, and maybe sometimes it could come back to bite them in the ass.. yet I doubt that the mere fact that someone shows off his/her wealth is a bad thing, so there is a kind of nuance in the ways in which someone might show off their wealth and also ways in which they might show off more information than they need to show... so for example, some early bitcoiners might not have had realized that showing off their actual wallet address.. and that they might have 100 BTC in that address or even 1000 BTC in that address, and then if that address had publicly (or at least amongst a certain group of friends/associates) been connected to the identity of a certain person, then there surely could be some traceability regarding if those coins are still there, or if some of them had moved or maybe even to show some financial relations or ongoing holding of the coins that could contribute to some vulnerabilities in the future that had not been recognized or appreciated in the past.. because maybe in the past, those coins were ONLY worth a small amount of money, but then in the present the amount has become very large (and very life changing for a number of people who might not be good people.. and who might try to attack such coins either physically finding real world vulnerabilities or perhaps finding other vulnerabilities in terms of how the coins are held.. and maybe the more scary part could be having our physical security put into jeopardy - and maybe even the person who is attacking does not have good information and if some earlier adopter gets attacked they might not even be able to prove the attacker to be misinformed in regards to his/her beliefs regarding the number of coins that the OG bitcoiner currently has control over or abilities to access.
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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SmartGold01
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 09, 2023, 07:28:50 PM |
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Bitcoin gives everyone free hand and access to do whatever they thought of with their bitcoin, it's not a do or die affair whereby after buying you must hold till finite. Don't quote me wrongly but just try to get my point here, I may decides to buy bitcoin today and sells in the next two to three months after which I think the little increase or profits gain from it is okay by me.
Also remember that I may buy bitcoin and in few days interval urgency may come to me whereby I can decides to sell and settle the problems at hand but that doesn't mean I do not want to hold my bitcoin, but since there is no alternatives on how to get it sorted out I then decides to sell my bitcoin is not a bad decision I have taken so far.
But main problem here is, If I could be able to get them back at that cheap price which I sold because knowing too well that bitcoin price can't be as same when buy this year and next year. Being able to utilized the opportunity given to us at a plater of Gold is another great deal which many does not know that opportunities never waits for anyone.
As a fellow you have something good doing at hand and it happens that you just buy and sell without any reason is really bad because bitcoin is a Gem which is worth holding for long term.
You are correct SmartGold01 that you have the discretion to do whatever you want, including overly investing into something (such as bitcoin) and not having your shit sufficiently together and being forced to sell 3 months later or 1 year later or some other timeline in which you end up selling your bitcoin at a time that is other than your own choosing because you over invested and you gambled and you were using money that should have had been in some kind of emergency fund.. and bitcoin is not a good emergency fund.. even though the more that you are in profits, the more options that you would have to keep some value in bitcoin as an emergency fund. Part of the rationale of not investing more than you can afford to lose would be that you do not have to sell any of your bitcoin at any time other than completely your own choosing and hopefully there can be a variety of options that could be arranged in which there are funds available that can be drawn upon and there are choices in regards to which funds might be drawn upon during periods in which it might seem that everything is dropping (except for dollars) and maybe some larger quantities of your value should have been in dollars rather than getting greedy in regards to holding too many bitcoin and having to sell at a time that is other than your completely own choosing. Any investment which investor is selling out of proportion to me it seems to be a misplacement of priority, such opportunity may never happened it's good to always have a spare cash at hand and not investing with all they have for any emergence purpose. Planning very carefully sometime always protects our investment, because we won't deliberately go alter whatever assets we had accumulated. But that notwithstanding, Everyone invested according their capacity also have the power and ability to sell at any given time without undermining what form and kind of currency they are actually holding be it bitcoin or altcoin, anyone who is holding bitcoin understands the potentials of it would never let it go in just a little blown of an air of hardship or problems that may likely arise. Drafting investment is a long benefits to the investors also help securing long lasting profitability which is more overly for long term investment rather than go for a package of short term. We are not really talking about shitcoins here or the extent to which it might be prudent at all to include them in your investment portfolio, but surely each person does need to figure out those kinds of allocation matters - including the extent to which they might get involved in shitcoins - especially if they might already know about bitcoin and they are attempting to decide how much to get involved (or invest into) bitcoin. For sure there are ways to accomplish individual objectives, and some folks might have trouble really figuring out the various possible investments even if they might end up accomplishing the first most important step which is to figure out how much of a budget that they actually have for investments.. whether they have any discretionary income (extra income after accounting for their expenses), and then if they do have discretionary income to figure out the extent to which they might make changes in their life (or even have some upcoming changes in their cashflow/employment status) that would contribute towards their considering their cashflow into the future - once they might have had assessed their past investments (if any). So choosing assets to invest into is still only one part of the formula, and the likelihoods of getting stressed out over some of the current events (or dynamics in the macro dynamics) might partially indicate that the person is not having a lot of success in terms of figuring out his/her own finances and the creation of some kind of a road path in regards to personal finances will likely help with psychology and also likely help with choosing which assets to invest into, what proportions and maybe even various ways to make progress towards reaching staking level goals - depending on which assets are choosing and target levels that are chosen, too. PS... By the way SmartGold01.. when I glanced at your profile (after I had already drafted this above response), I had just noticed that you had created a thread from February with my name in it.. hahahahahahaha.. ..
Yeah, there is nothing much attached to it just that I tried to scrolled down on your merits spray and I couldn't be able to finished it. I was wondering the kind of strength you used in giving out merits to users over here. I am planning on making a response over in that thread soon.. maybe even today or tomorrow.. and I read through the first 3 pages.. so I am getting close to being able to respond.. .. and at the same time, there might be some things that you are asking me related to merit sources that I have no intention to really getting into any of the nitty gritty - and you likely can review various sources about merit sources, and even some of the threads in which theymos had introduced the addition of such merit source practice in January 2018. There are a lot of threads out there related to merits and merit sources... and this one is good to give you some numbers, comparisons of various members and even members sometimes making comments (or complaints) along the way.. of course, there is no need to read every single response inside those kinds of threads.. but sometimes you can still see that various discussions had taken place, and maybe even members complaining more in the earlier years.. but then maybe not complaining as much in recent times.. and maybe complaining about anyone who complains in recent times.. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) .... which I am not even suggesting that some of the current complaints might not be valid.. and I have even participated in some of those conversations without even wanting to necessarily repeat something that I might have posted about 1 or 2 years ago.. or maybe even my ideas have changed, or maybe I am not even wanting to discuss some things.. and then just telling the member to go back in history and to figure out some of those matters.. to the extent that the issues matter or if there might be a specific question that is tied into something that happened or why, then surely it could be a better frame for a question, rather than just generally asking about some kinds of things that might be answered by browsing through some of the threads related to the topic. Strange as it may seem, I had not realized that such thread existed.. and no one mentioned that thread to me.. Within the next day or two I will try to take a look at it.. I never knew you had no idea about it, was actually thinking Expert as you people always used a notification bots maybe if anyone mentioned your name you get notified by the bots. Yes.. there are some members who use those kinds of bots to notify them if their name had been mentioned in some forum post, or maybe if they are a bot, then they use themselves to notify themselves. I deny receiving any such notice prior to yesterday, and if I had received notice prior to yesterday, I did not recognize it, appreciate it or understand it.. sufficiently enough to actually realize that I "should" "look into it".. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Thank you sir your words are very helpful to me and they are very informative. I have gotten few answers that was bothering me and I believe I won't disturb or stressing myself to get answers. Sometimes I am very happy having people like you around the forum who are willing to assist and educate any that comes across their way irrespective of their gender and region or religion
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Odusko
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 09, 2023, 07:40:44 PM |
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We are not talking about shitcoins here or the extent to which it might be prudent at all to include them in your investment portfolio, but surely each person does need to figure out those kinds of allocation matters - including the extent to which they might get involved in shitcoins - especially if they might already know about bitcoin and they are attempting to decide how much to get involved (or invest into) bitcoin.
We can not keep mentioning shitcoin or crypto in our discussions since we are strictly limiting our discussion to bitcoin only as our primary asset and single portfolio, there is no future in shitcoin so we must not waste our time analyzing the market and possible outcome, bitcoin holders know this better and are futuristic in they approach in the accumulation process whenever the market touched a discounted price ro hodle for the future gain and that can not be said with altcoin since their market is highly manipulative because of the over-involvement of their developers who will constantly manipulate the market just to cashout their own gains and eventually drain out the coin liquidity then possible exit scam on the holder., But Bitcoin on the other hand has a sustainable market price and no matter what comes the Bitcoin value remains intact unless you want to DCA at the wrong time because when it comes to Bitcoin, the entry price vs the exit price determines what the holder will walk away with be it gain or loses.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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Dunamisx
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 10, 2023, 07:17:39 AM |
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We are not talking about shitcoins here or the extent to which it might be prudent at all to include them in your investment portfolio, but surely each person does need to figure out those kinds of allocation matters - including the extent to which they might get involved in shitcoins - especially if they might already know about bitcoin and they are attempting to decide how much to get involved (or invest into) bitcoin.
We can not keep mentioning shitcoin or crypto in our discussions since we are strictly limiting our discussion to bitcoin only as our primary asset and single portfolio, there is no future in shitcoin so we must not waste our time analyzing the market and possible outcome, bitcoin holders know this better and are futuristic in they approach in the accumulation process whenever the market touched a discounted price ro hodle for the future gain and that can not be said with altcoin since their market is highly manipulative because of the over-involvement of their developers who will constantly manipulate the market just to cashout their own gains and eventually drain out the coin liquidity then possible exit scam on the holder., But Bitcoin on the other hand has a sustainable market price and no matter what comes the Bitcoin value remains intact unless you want to DCA at the wrong time because when it comes to Bitcoin, the entry price vs the exit price determines what the holder will walk away with be it gain or loses. You see, @Odusko, there are certain level you will get into and will definitely needs more explanation on something and in this aspect, when considering the discussion of bitcoin holding on a broad length, we cannot overemphasize or neglect the little diversion into other cryptocurrencies as well, the main purpose of doing that is just to juxtaposed the fact that there's a difference that needs to be taught and you cannot make such expression without settings out practical examples, this is not when the whole idea or discussion has been shifted into something else, both when you diversify, you make use of more unique ways to buttress your point and come back to discussion. If you are to also consider the bitcoin holders in respect to the current market price, the ongoing news, other cryptocurrencies and many more factors which could also cause a determinant to wether you continue holding or you release the asset and sell, a good example is to have a clear understanding that you're not expected to assume altcoins a good and profitable asset to invest or hodl, but bitcoin is the best instead because it will sure gives you rest, safe the stress, fear and gives you the profits required at the end of it all.
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fzkto
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 2282
Merit: 439
Cashback 15%
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 10, 2023, 07:53:39 AM |
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We are not talking about shitcoins here or the extent to which it might be prudent at all to include them in your investment portfolio, but surely each person does need to figure out those kinds of allocation matters - including the extent to which they might get involved in shitcoins - especially if they might already know about bitcoin and they are attempting to decide how much to get involved (or invest into) bitcoin.
We can not keep mentioning shitcoin or crypto in our discussions since we are strictly limiting our discussion to bitcoin only as our primary asset and single portfolio, there is no future in shitcoin so we must not waste our time analyzing the market and possible outcome, bitcoin holders know this better and are futuristic in they approach in the accumulation process whenever the market touched a discounted price ro hodle for the future gain and that can not be said with altcoin since their market is highly manipulative because of the over-involvement of their developers who will constantly manipulate the market just to cashout their own gains and eventually drain out the coin liquidity then possible exit scam on the holder., But Bitcoin on the other hand has a sustainable market price and no matter what comes the Bitcoin value remains intact unless you want to DCA at the wrong time because when it comes to Bitcoin, the entry price vs the exit price determines what the holder will walk away with be it gain or loses. Wrong reasoning. If you are solely a bitcoin maximalist, then it is understandable why you say that. But if you listen to common sense, there are very good opportunities right now to buy shitcoins bags and wait for the price you are willing to sell at. There haven't been prices like that since 2020, and it's silly to give up the profits you can get in a year or a year and a half for example.
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Sim_card
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 10, 2023, 08:23:39 AM |
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We are not talking about shitcoins here or the extent to which it might be prudent at all to include them in your investment portfolio, but surely each person does need to figure out those kinds of allocation matters - including the extent to which they might get involved in shitcoins - especially if they might already know about bitcoin and they are attempting to decide how much to get involved (or invest into) bitcoin.
We can not keep mentioning shitcoin or crypto in our discussions since we are strictly limiting our discussion to bitcoin only as our primary asset and single portfolio, there is no future in shitcoin so we must not waste our time analyzing the market and possible outcome, bitcoin holders know this better and are futuristic in they approach in the accumulation process whenever the market touched a discounted price ro hodle for the future gain and that can not be said with altcoin since their market is highly manipulative because of the over-involvement of their developers who will constantly manipulate the market just to cashout their own gains and eventually drain out the coin liquidity then possible exit scam on the holder., But Bitcoin on the other hand has a sustainable market price and no matter what comes the Bitcoin value remains intact unless you want to DCA at the wrong time because when it comes to Bitcoin, the entry price vs the exit price determines what the holder will walk away with be it gain or loses. Wrong reasoning. If you are solely a bitcoin maximalist, then it is understandable why you say that. But if you listen to common sense, there are very good opportunities right now to buy shitcoins bags and wait for the price you are willing to sell at. There haven't been prices like that since 2020, and it's silly to give up the profits you can get in a year or a year and a half for example. It is you that is wrong @fzkto...and you are underestimating bitcoin potential just because the price is not pumping as you expected. The best way to invest in bitcoin is to buy at dip and hold for a very long time. Which this is the best time for that action,but I don't think that you understand it this way,if not you wouldn't be talking about shitcoins. Shitcoins are centralized and can easily by manipulated in price to 100x profit and after so many people have bought it,thinking the price will keep on pumping. Before you know it the next day that value can rundown to zero,which makes it highly risky to invest in them. Shitcoins will end up putting Frustration,disappointment and great loss to their investors. Shitcoin cannot be held for long which makes it useless and unsafe to invest in it. Investing in shitcoin is gambling,which the probability of making profit is slim and you will also be worried just like when you are trading. I can buy my bitcoin and keep it till the next 15yrs,it will add value and might be 10x or more the amount that I bought it,but can I but shitcoin and hold it for ten years no. I can't even hold it for 3 months or more before it will depreciate to zero level. Invest wisely mate and think more of the nearest future than thinking of only today. Shitcoin prize will never get to your target prize that you intend to sell. Only bitcoin is the future hope amongst other assets,physical or digital
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Wind_FURY (OP)
Legendary
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June 10, 2023, 10:28:29 AM |
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To convince myself to keep HODLing during "testy" market moments is to keep telling myself that the Bitcoins I HODL in cold storage is a kind of time deposit placed in a secret Swiss banking account that cannot be touched until the right moment. That moment is when it's trading in a six digit price valuation+. That's why I don't have the same complaints when fees surge, because as a "secret Swiss banking account", you don't use it to pay for coffee transactions. I believe many of you don't want to be like the Bitcoin Pizza Guy. That was probably the worst trading decision of his life.
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SamReomo
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 10, 2023, 11:26:29 AM |
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To convince myself to keep HODLing during "testy" market moments is to keep telling myself that the Bitcoins I HODL in cold storage is a kind of time deposit placed in a secret Swiss banking account that cannot be touched until the right moment. That moment is when it's trading in a six digit price valuation+. That's why I don't have the same complaints when fees surge, because as a "secret Swiss banking account", you don't use it to pay for coffee transactions. I believe many of you don't want to be like the Bitcoin Pizza Guy. That was probably the worst trading decision of his life.
I agree with you and yes in the current condition of the market a Hodler doesn't have to fear at all because our main goal is to Hodl for a long time so that we can live a happy life after retirement. I don't think that 6 digit is enough to accomplish that dream of complete financial freedom. I personally know a person who bought Bitcoin when its price was over $60k, and the guy is still Hodling it in the hope of huge gains after the halving, but the true hodlers doesn't even care about the halving because they just buy it in the dips and Hodl for decades to come. I think someone who really wants to gain good returns from Bitcoin investment should Hodl it for more than a decade in current price range. And, even I personally know people who believe to Hodl their investment until they are over the age of 50. They are currently young and they are in age range of 28-31 years right now. So, it's more than two decades for them to reach that age, and I believe that they will be among the luckiest investors at that age. I'm sure that Bitcoin can grow very high in value after a decade or two and the ones who invest in it now could be very profitable after those decades. It's no less than a inspiration that Satoshi himself is Hodling more than $1 million Bitcoin and I'm sure that the inventor of Bitcoin is already above 50 in age. But, I personally believe that one should only buy Bitcoin when the price is dipped, because that way an investor could accumulate more Bitcoin over time and the final exchange rate could make his/her life financially stable for rest of the life. It's a investment that only intelligent people can understand and they are the ones who will be free from financial problem in old age. In young age it isn't hard to earn huge sums of money but as we age we might not have that much stamina and energy to work and earn, and that's why investing in young age is the best form of security for a peaceful, happy, and financially stable life in old age.
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Baofeng
Legendary
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Activity: 2702
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DGbet.fun - Crypto Sportsbook
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 10, 2023, 11:16:30 PM Merited by JayJuanGee (1) |
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To convince myself to keep HODLing during "testy" market moments is to keep telling myself that the Bitcoins I HODL in cold storage is a kind of time deposit placed in a secret Swiss banking account that cannot be touched until the right moment. That moment is when it's trading in a six digit price valuation+. That's why I don't have the same complaints when fees surge, because as a "secret Swiss banking account", you don't use it to pay for coffee transactions. I believe many of you don't want to be like the Bitcoin Pizza Guy. That was probably the worst trading decision of his life.
Good strategy, I guess we have to sort of re-invent everything on how we are going to see our Bitcoin and why we are holding it for a very long time. Not just for this testy market moments, but perhaps the end game of Bitcoin to us, because we will feel and be affected mentality, so we need to be strong and think outside of the box on how we are going to HODL for a long time. For me, just take it slow in the beginning, I might set a personal record to hold, let's say short term is 10 weeks. And if I can brutally manage that then I go for 26 weeks, at least half a year and see how it goes to me. Then why not go for 52 weeks? If I can do 26 then maybe another half a week can be done? And that's how I started though. Now if ever I see the market down, I'm not emotionally affected and just like what others do, just continue to accumulate sats in whatever manner we can and we will be good in the end. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) .
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JayJuanGee
Legendary
Offline
Activity: 3822
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Self-Custody is a right. Say no to"Non-custodial"
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 11, 2023, 05:45:14 AM |
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To convince myself to keep HODLing during "testy" market moments is to keep telling myself that the Bitcoins I HODL in cold storage is a kind of time deposit placed in a secret Swiss banking account that cannot be touched until the right moment. That moment is when it's trading in a six digit price valuation+. That's why I don't have the same complaints when fees surge, because as a "secret Swiss banking account", you don't use it to pay for coffee transactions. I believe many of you don't want to be like the Bitcoin Pizza Guy. That was probably the worst trading decision of his life.
Good strategy, I guess we have to sort of re-invent everything on how we are going to see our Bitcoin and why we are holding it for a very long time. Not just for this testy market moments, but perhaps the end game of Bitcoin to us, because we will feel and be affected mentality, so we need to be strong and think outside of the box on how we are going to HODL for a long time. For me, just take it slow in the beginning, I might set a personal record to hold, let's say short term is 10 weeks. And if I can brutally manage that then I go for 26 weeks, at least half a year and see how it goes to me. Then why not go for 52 weeks? If I can do 26 then maybe another half a week can be done? And that's how I started though. Now if ever I see the market down, I'm not emotionally affected and just like what others do, just continue to accumulate sats in whatever manner we can and we will be good in the end. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) . Something is wrong with your strategy since you are just "hoping" that you can hold longer and longer and longer, and so you seem to be doing something wrong.. .like you are gambling.. and you are so nervous to lock in your profits in dollars because you are worried about a correction.. I get the sense that you might be overly investing.. and that is what is causing you to feel so nervous but I doubt that I know enough information. A solution could be to merely shave off a small amount of your BTC stash at various increments on the way up.. that way you are hedging a bit better for down, yet one of the problems with shaving is then you might become nervous that you sold too much too soon if the BTC price keeps going up. I think that the punchline should be that you should be able to set forth a plan.. and maybe you just have not invest less and just never sell.. until maybe you reach some kind of goal in which your B TC stash is worth 3-5x your income, then you might rethink your strategy at that time.. so concentrate on merely building and buying and just buying regularly and buying on dips, and then once the value of your BTC gets to a certain price threshold where it constitutes something like 3-5x your annual income (or 3-5x the amount that you need to live for a year), then at that point maybe reconsider if there might be something that you might want to change in your strategy. Now if BTC is already 3-5X or more of your annual cash needs then maybe you need to set your BTC accumulation goal higher until you achieve that and recall that entry-level fuck you status is around 20-30x your annual cash needs, but there are varying ways to assess what 20-30x is, and you don't necessarily want to valuate BTC on the top price, and likely better to attempt to valuate BTC based on bottom prices, such as 200 week moving average or some other price (or way of valuating it) that you would consider to be a reasonably conservative bottom because no one should be considering themselves to be in entry level fuck you status and failing/refusing to account for the real world.. which includes that bitcoin has always been volatile and one of the most major guarantees of bitcoin price dynamics is that it will continue to be volatile, and not even really knowing for sure in which direction -= even though pretty damned decent odds of trending up, even though no guarantees of that, either.
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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salad daging
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 11, 2023, 11:55:55 AM Merited by JayJuanGee (1) |
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For me, just take it slow in the beginning, I might set a personal record to hold, let's say short term is 10 weeks. And if I can brutally manage that then I go for 26 weeks, at least half a year and see how it goes to me. Then why not go for 52 weeks? If I can do 26 then maybe another half a week can be done? And that's how I started though. Now if ever I see the market down, I'm not emotionally affected and just like what others do, just continue to accumulate sats in whatever manner we can and we will be good in the end. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) . I always manage what cash flow I have and I will not plan in the short term as an experiment because for me the longer term will be better even though you have adjusted to the goals at the beginning, I always want a week for each accumulation but when there is a sudden need such as one that cannot be avoided so I put it on hold a few weeks then move on again once the cash flow situation is back to normal and most importantly HODL is the main goal in a few years or even longer. Even though the market is down, there's no need to be too greedy, we've made notes every week for the accumulation of DCA and it's better not to miss it putting dollars into bitcoin is a little bigger and that's what I've wanted to achieve so far. So every year, I want there to always be an increase in the accumulation.
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Frankolala
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 11, 2023, 07:20:19 PM Last edit: June 11, 2023, 07:59:59 PM by Frankolala Merited by uche6215 (5), Chilwell (3), JayJuanGee (1) |
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To convince myself to keep HODLing during "testy" market moments is to keep telling myself that the Bitcoins I HODL in cold storage is a kind of time deposit placed in a secret Swiss banking account that cannot be touched until the right moment. That moment is when it's trading in a six digit price valuation+. That's why I don't have the same complaints when fees surge, because as a "secret Swiss banking account", you don't use it to pay for coffee transactions. I believe many of you don't want to be like the Bitcoin Pizza Guy. That was probably the worst trading decision of his life.
Good strategy, I guess we have to sort of re-invent everything on how we are going to see our Bitcoin and why we are holding it for a very long time. Not just for this testy market moments, but perhaps the end game of Bitcoin to us, because we will feel and be affected mentality, so we need to be strong and think outside of the box on how we are going to HODL for a long time. For me, just take it slow in the beginning, I might set a personal record to hold, let's say short term is 10 weeks. And if I can brutally manage that then I go for 26 weeks, at least half a year and see how it goes to me. Then why not go for 52 weeks? If I can do 26 then maybe another half a week can be done? And that's how I started though. Now if ever I see the market down, I'm not emotionally affected and just like what others do, just continue to accumulate sats in whatever manner we can and we will be good in the end. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) . Something is wrong with your strategy since you are just "hoping" that you can hold longer and longer and longer, and so you seem to be doing something wrong.. .like you are gambling.. and you are so nervous to lock in your profits in dollars because you are worried about a correction.. I get the sense that you might be overly investing.. and that is what is causing you to feel so nervous but I doubt that I know enough information. A solution could be to merely shave off a small amount of your BTC stash at various increments on the way up.. that way you are hedging a bit better for down, yet one of the problems with shaving is then you might become nervous that you sold too much too soon if the BTC price keeps going up. I think that the punchline should be that you should be able to set forth a plan.. and maybe you just have not invest less and just never sell.. until maybe you reach some kind of goal in which your B TC stash is worth 3-5x your income, then you might rethink your strategy at that time.. so concentrate on merely building and buying and just buying regularly and buying on dips, and then once the value of your BTC gets to a certain price threshold where it constitutes something like 3-5x your annual income (or 3-5x the amount that you need to live for a year), then at that point maybe reconsider if there might be something that you might want to change in your strategy. Now if BTC is already 3-5X or more of your annual cash needs then maybe you need to set your BTC accumulation goal higher until you achieve that and recall that entry-level fuck you status is around 20-30x your annual cash needs, but there are varying ways to assess what 20-30x is, and you don't necessarily want to valuate BTC on the top price, and likely better to attempt to valuate BTC based on bottom prices, such as 200 week moving average or some other price (or way of valuating it) that you would consider to be a reasonably conservative bottom because no one should be considering themselves to be in entry level fuck you status and failing/refusing to account for the real world.. which includes that bitcoin has always been volatile and one of the most major guarantees of bitcoin price dynamics is that it will continue to be volatile, and not even really knowing for sure in which direction -= even though pretty damned decent odds of trending up, even though no guarantees of that, either. If one sees bitcoin as his own necessity,just the way we need food to survive,this might give a better understanding on how one can be able to hold for a very long time. What I mean is that when you take bitcoin to become part of your life,you will know that you have to keep your coins with you till old age no matter what significant circumstances that befall bitcoin price,you wouldn't bother because you have seen it that it is part of your life. Long term bitcoin journey is just like you are building a house from the foundation to finishing. You start by buying a land after that you dig the foundation and block is been laid gradually,sometimes when you are short of cash inflow,you stop building for a while and keep on saving little funds to that when you put it together it can become a reasonable amount to continue to building project,sometimes when you have a huge amount of money,you remove a large part in the building as so on gradually your building is getting higher to roofing. You might end up building a bungalow or if you have the plan of building a bungalow,and getting to roofing,you observe that from your cash inflow you can build a story building. You will just ignore your initial plan of building a bungalow and go on to build a story building. After you have finished the building,you pack in and whatever gets bad in the building,you will amend it and when it is looking old,you can renovate it. There is a time in your bitcoin journey that you might be have some financial challenges in your cash inflow that you won't be able to accumulate more bitcoin to your investment portfolio and there will also be a time that you will use DCA method,the important thing is that make it your priority. The punchline is that you keep on spending till you pass on,to put shelter on your head. This is how to invest on bitcoin should be seen so that you can see it as part of your life,because in future to come bitcoin will be the shelter on your head when bitcoin price hits a huge amount. So let's see bitcoin accumulating and holding for long that we are building for our future to come and don't panic or sell in whatever price bitcoin is.
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Dr.Bitcoin_Strange
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 11, 2023, 11:49:50 PM |
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What I mean is that when you take bitcoin to become part of your life,you will know that you have to keep your coins with you till old age no matter what significant circumstances that befall bitcoin price,you wouldn't bother because you have seen it that it is part of your life. But this isn't a big deal, man, and it shouldn't be to any Bitcoiner if the person truly knows more about Bitcoin before going into it. The thing to do (possibly for me; I don't know what others think) is just look back at the price history of Bitcoin and note the great price crash of Bitcoin, then they will relize that it has even crashed by -99% in 2011, but yet it recovered big time. there will also be a time that you will use DCA method,the important thing is that make it your priority.
Every bitcoiner can use the DCA at any time they want, but it depends on the investor and how much they are investing. For instance, if the Bitcoin price drops to $20,000, I could just let go of DCA and buy up at once any amount I wish to buy because I am satisfied with the price dip, but perhaps, let's say, if it's trading at $40k, I can decide to do DCA because I am hoping that if I buy with DCA, there will be a chance that the price will go below $40k. Upon that, there are people that will still do DCA even if the price has dipped more. It might not go below that again, but some will still be waiting to DCA hoping that it will dip more, and after the price sees a big uptrend, that's when they start to regret why they did not just buy up at the point it was very low.
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iamsange
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June 12, 2023, 03:58:37 AM |
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Wrong reasoning. If you are solely a bitcoin maximalist, then it is understandable why you say that. But if you listen to common sense, there are very good opportunities right now to buy shitcoins bags and wait for the price you are willing to sell at. There haven't been prices like that since 2020, and it's silly to give up the profits you can get in a year or a year and a half for example.
Shitcoins often offer good opportunities at certain moments in the market, but Shitcoins are not a good choice long term although it may make sense to choose them at certain times. Because taking advantage of the moment to seek profits in the short term is indeed feasible because the benefits can be enjoyed immediately, but for those who have maximized themselves on Bitcoin it also makes a lot of sense in my opinion because currently Bitcoin is still good to buy using their respective strategies. Because remembering that there will also be better moments next year so this year can still be used to buy as much as you can, especially for Bitcoin. Personally, I also look at Bitcoin more often for now and buy it when the price starts to fall, although I also buy other coins at the same time because the price decline that occurs in Bitcoin also often provokes the price of other coins to decrease, so I can use them simultaneously.
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Wind_FURY (OP)
Legendary
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Activity: 3024
Merit: 1880
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June 12, 2023, 01:35:25 PM |
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To convince myself to keep HODLing during "testy" market moments is to keep telling myself that the Bitcoins I HODL in cold storage is a kind of time deposit placed in a secret Swiss banking account that cannot be touched until the right moment. That moment is when it's trading in a six digit price valuation+. That's why I don't have the same complaints when fees surge, because as a "secret Swiss banking account", you don't use it to pay for coffee transactions. I believe many of you don't want to be like the Bitcoin Pizza Guy. That was probably the worst trading decision of his life.
Good strategy, I guess we have to sort of re-invent everything on how we are going to see our Bitcoin and why we are holding it for a very long time. Not just for this testy market moments, but perhaps the end game of Bitcoin to us, because we will feel and be affected mentality, so we need to be strong and think outside of the box on how we are going to HODL for a long time. For me, just take it slow in the beginning, I might set a personal record to hold, let's say short term is 10 weeks. And if I can brutally manage that then I go for 26 weeks, at least half a year and see how it goes to me. Then why not go for 52 weeks? If I can do 26 then maybe another half a week can be done? And that's how I started though. Now if ever I see the market down, I'm not emotionally affected and just like what others do, just continue to accumulate sats in whatever manner we can and we will be good in the end. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) . The next halving will eleven to twelve months from now, and that doesn't point to when Bitcoin's new ATH will be. I usually accumulates slowly, then surges for several months and reaches its new ATH the year after the halving. I think if you want to set your new record for holding, make it not less than two years. It's also very good that Bitcoin is not crashing as much after FUD and bad news. It's probably the actual time for buying every dip? ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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