Are you still there and holding your bitcoins? What happened to your life after 10 years in bitcoin? Is there any changes?
I am using bitcoin for transactions and thus I do not hold a lot. I get payments in crypto and use it to pay for services which buy. Most of the services like hosting which I used to buy with paypal earlier now I do with crypto.
Your post is not really saying much of anything calonpa.
Again we are talking about bitcoin in this thread, not crypto.. whatever the fuck you might mean by "crypto."
Currently, bitcoin is not necessarily the best way to transact or to do payments, even though there are a variety of ways in which bitcoin might be superior as a payment method, it may not be a great way to transact for a lot of the various ways that people might want to transact, including questions regarding towards how many people are ready, willing and able to receive it.. while at the same time, lightning network is coming along but still likely is needing a lot more people using it in order to really become practical in terms of various ways that we might make payments or perform transactions.. whether in person or even over the net.. and there may well be some kinds of cases in which it might be good to transact in bitcoin... especially, if we might be considering various "unstoppable" ways that people might want to transact or even wanting to get out of the habit of transacting with various traceable payment methods.. which surely a lot of the tools are still being developed or have a long way to come in various bitcoin circles.. including perhaps a pretty large number of people who are not even getting into bitcoin, so then they may well give you a blank stare (if not a hostile response) if you ask them if they will accept a bitcoin payment or if they would pay you in bitcoin.
this notion of selling your coins is actually seen by many members here as some kind of abomination but the truth is no matter the level of investment or savings one is into there is actually a time that can possibly require you to temper with those coins or savings as that is the whole sequence of life @constantchanges.
You can do whatever you like in terms of selling your coins, but if you are being forced to sell your coins at a time that is not of your choosing, and if you are selling below your purchase price, it is likely a sign of poor financial management and poor foresight..
You can rationalize all that you like regarding various emergencies that might happen.. or to blame others for judging you because you lost money when you sold a lot of your bitcoin because you failed to properly plan or to engage an appropriate and meaningful buying strategy... and perhaps buying too many.. that you could not afford.
Well for buying back after sold, I think that does count anymore because the moment sold that portion of coins is gone thats just the hard truth there and if eventually you bought back, you are actually adding to your portfolio as you did not plan ever to stop buying bitcoin so I guess that just gonna count as a new investment added.
yes.. you could count it as a new investment.. so maybe you had a loss on one angle and a new investment on another angle. Some of the "creative" ways of accounting are fair, and some of them may well be a kind of rationalizing mistakes that were made.
I am not even suggesting that mistakes should not be made, and it is quite likely that a lot of us will make a lot of mistakes in our bitcoin journey, if we have not already made a lot of mistakes, and so it is mostly up to us regarding how we might consider framing our own BTC portfolio management or our accumulation strategy or even whether we calculate in terms of dollars or bitcoin or some other way of measuring that might allow us to manage our BTC holdings and/or other investments in ways that are fitting to our own particulars (psychology and finances).
The funny part of this whole holding issue is pretty simple if we all just understand that bitcoin is actually money and money is meant to be spent and also save if we have bigger plans with it.
The last time I checked bitcoin is more than just money.
But, hey you can frame it however you like and if it works for you, then so be it, but if you are trying to criticize holders, then it sounds like you are generalizing way too much... and maybe you need to particularize your supposed criticism (to the extent that any really exists) a wee bit moar better.
I have a friend who actually says he use to borrow from his own investment and that he is going to pay back but the funny thing is that he actually buys bitcoin on a monthly basis and his means of payback would actually be his monthly adding of coins to his portfolio. For me I just feel any coins touch from your investment is not a mistake as its your money and you actually have the right to use it so I don't know why people feel somehow when they use their money
You do understand that there are a variety of ways in which people might engage in accounting, and some guys/gals might be measuring different things than you?
Using bitcoin as a means of payment is one aspect of bitcoin, but it may not be necessary or correct for certain people depending on where they are at in their bitcoin journey including various geographical (jurisdictional) considerations that bitcoin hodlers might have. Another thing that tends to be worthy of consideration is that even though some people may not really understand Gresham's law, they still might be attempting to figure out the extent to which they might choose to spend one money (asset) versus another based on Gresham's law considerations.
For sure, there is some validity to what seems to be one of your criticisms of bitcoin in terms of some of the reluctancy to use aspects of bitcoin, and surely there can seem to be a bit of a chicken and egg problem in regards to the extent to which payment methods and routes will be developed when hardly anyone seems to be spending their bitcoin, yet I doubt that bitcoin's investment case is completely weakened by a lot of the reluctant to spend aspects that comes from bitcoin HODLers, and bitcoin continues to grow and its networks continue to grow, and bitcoin seems to be one of the best of places to keep a decent amount of your value, even if 99% of stores are still ongoingly reluctant to take it because it may well continue to seem that bitcoiners are not spending their cornz.
Some urgent needs cannot be predicted and this is a need that must be fulfilled immediately. selling some assets for urgent needs will save us even if selling at prices that are too cheap or don't have much profit. I experienced that several times while investing in bitcoin or altcoins. It was indeed unavoidable.
I think I've also experienced how the need becomes urgent when assets only in bitcoin are the hope but it doesn't meet a decent need and is only enough for the urgent need, with this I have changed the pattern where reserve funds must exist and choose several assets to diversify so that this will not interfere with bitcoin investment when there is a pressing need again, so it is indeed important to have a reserve fund and this must be managed as best as possible.
There is always a time in our life where we experience urgent need of funds, while being short of fund to fill the needs, we are forced to sell anything sellable just to fill the shortage of money. Even if you diversify if the fund of those other investments is not enough, you will still be forced to sell your Bitcoin holdings.
Yes.. of course, there may be times in which any of us could be forced to sell some or all of our bitcoin, but it seems to be that there are a lot of ways to minimize or even to avoid such circumstances by sufficiently/adequately preparing, including preparing for extremes.
If you fail/refuse to adequately prepare for extremes, and then you are having emergencies every year or every couple of years, that likely reflects more upon your poor financial (and perhaps psychological) management skills rather than the fact that emergencies do end up happening for the vast majority of people from time to time... but if they are happening all the time.. some reflection and adjustments may well be needed (and perhaps urgently and drastically needed.. like a slap in the face
).
Starting to invest when the Bitcoin price is still cheap enough and holding it for a long period of time, gives many advantages. Until the time I got a lot of capital to meet all the needs that have been hindering my investment.
That's bitcoin investing when prices are low anything can benefit you if you hold long term, and we know that even now it's important to hold bitcoins for the next 10 years again while prices are cheap right now, when other investments have worked out and all needs have been met, so it's better to return to planting bitcoin from now on for better profits.
If we are sure that Bitcoin is the most profitable venture, why divert our money away from it? Isn't it nice to maximize the profit?
It's nice not to over do it.
It's nice to not be greedy.
It's nice to know that since bitcoin remains such an asymmetric bet to the upside (if not the best that any of us will ever see) that we do not need to invest a lot or even to overly invest in order to potentially profit stupendously, or even to get rich as fuck from merely employing reasonable, prudent and perhaps aggressive approaches that do not devolve into overly aggressiveness that causes us to reck our lil selfies along the way. That is part of the definition of an asymmetric bet.. you don't necessarily need to invest a lot in order to have the potential of profiting a lot but it is not going to do you a whole hell of a lot of good if you end up recking yourself in the process because you got overly greedy when you could have been rich as fuck, you got greedy and stayed poor (or at least way less rich than you could have had been if you had taken a more prudent, patient and humble path to your BTC accumulation path and your BTC portfolio maintenance path that should attempt to ongoingly preserve a decent amount of the principle)
Financial freedom will be achieved if the investment can be maintained and run well so as to generate lots of profits. I have achieved many price targets. for now just waiting for the new ATH to be reached.
Financial freedom is that we use bitcoin without being regulated by anyone to send anywhere, but with bitcoin investment it is clear that it must be maintained at any time, waiting for ATH time is a good idea where you might be waiting for bigger profits to be achieved.
Financial freedom in a standard context is the state where we don't have to worry about funds in our future endeavors while financial freedom in a Bitcoin context is the freedom to do transactions or transfers without the need of intermediaries. In here I think we are talking about financial freedom in the standard context.
Why not both? Why not define financial freedom however you want? why not tailor your own ways of attempting to achieve financial freedom within your own meaning of the concept, and hope that you do not screw it up too much along the way... and that you are actually able to achieve goals that you set for yourself based on your own particulars?
I am unable to predict how my life will be in ten years under the bitcoin system. But during the time I've known bitcoin, I can say that my life has been wonderful and that I can be grateful for my dealings with it because it has never disappointed or let me down in terms of my hope that it would one day bring about the financial breakthrough that the world needs at this point in the current economic crisis.
That's about as vague and meaningless of a statement as anyone can make... yeah whatever, you feel better about bitcoin and you believe that bitcoin is great.. so what? Are you really saying anything about any particulars of your own journey in terms of where you came from in connection with bitcoin and/or what your current practices might be in order to prepare yourself for the future in terms of bitcoin, such as the next 10 years? Doesn't seem like it. But, hey.. you do you.
