I'm just using different words to pretty much assert that I agree with you.
There are so many things "happening" in the bitcoin space, that it is very difficult to even attempt to keep up with following the many things.
There some days came that I was saying "Shit, how the heck will I be able to cover all these bullish news and put them into the thread
"And some other days, some news REALLY makes my day.
I believe we are addicted to Bitcoin, aren't we ?
Sure, yeah, a kind of addiction, which is not necessarily a negative thing. It may be better characterized as a time-sucking hobby, but anyhow, BTC price movements and dynamics in the crypto space are mesmerizing.. and more mesmerizing the more that guys have invested into it.
I think that I have a very decent system in place to protect my BTC investment, yet I think that the volatility of BTC does still require me to maintain some vigilance over my investment and to protect it from downside risk, which may not be the case as much if my holdings considerably appreciate in value (which is seeming to be likely in the coming weeks).. but yeah, cannot get too smug about expecting something that has not yet happened.. .. so gotta continue with guarded optimism.. aka a kind of addiction.
For me, it's an addiction I don't want to cure from.
To be cautiously optimistic is good and healthy, but life sometimes requires us to be CRAZYYYYYYYYY
And the most euphoric word for me that makes me high, is to be called, CRAZZZZZZZZZZZZZZZZZZZZZZYYYYYYYYYYYYYYY
and I admit this Edit : It's enough to tell you that I'M ALL IN
Actually, it is nice to see energy and enthusiasm, so I cannot really lecture anyone about that.
My kind of conservative nature may have some to do with my age and maybe a bit to do with my personality, too.
I don't really necessarily want to get into too many details about my actual personal circumstances, but I have kind of habits when it comes to investing over the years that have fairly profitable for me.. and once I have built a kind of nest egg, there is a certain desire to protect it.
Over the years, I have not always been right about investments, but I know that when younger, there was more of an ability to lose a lot or to not profit much, and then there is time to make up for such losses or lack of profits.
Possibly bitcoin may be a bit more risky and adventurous than my other investments, I am not sure, but there is a certain amount of interaction and activism that I have embarked upon with bitcoin - and maybe some of it has to do with the excitement of the newness of it all, but also the ability to make adjustments and calculations regarding positions that I take and have taken on a 24/7 basis? there are plusses and minuses to the ability to trade 24/7.
You know, wow, when I first started with bitcoin, my target was to consider investing into bitcoin somewhere between 5% and 10% of my quasi-liquid assets within about 1 year (taking an initial bite at the matter in the 1st 6 months and not committing for sure to the project), and in fact there are quite a few ways to categorize and calculate assets (and the extent to which those assets are liquid or become liquid with some efforts), and it seems that I was mostly successful with my goal in the first year (which would have brought us to January 2015, which was kind of a low-ish price point for BTC)..
So, anyhow, the matter kinds of plays out in an interesting way because I continue to invest small amounts into bitcoin during the year 2015 and to trade starting in October 2015... but anyhow, BTC price appreciation seems to have brought my allocation in BTC to around 30%.. and I kind of accounted for the possibility that BTC prices could appreciate, but I did not work out all of the details in my head about how to proceed if such were to occur... and currently, my plan is to allow additional appreciation in BTC and to kind of attempt to offset some of the downside risk of that growing allocation by playing around with the allocation of dollars and fiat within the part that I consider to be my BTC portfolio.
Currently, my BTC portfolio is at 92.3% BTC and 7.7% fiat, and I have even created a chart of BTC allocation target lists, that I may need to tweak again from time to time in the event that I change my mind about some of the matters, whether I am bullish or bearish in my views.
My current projected BTC allocation chart looks like this:
Price BTC Allocation (remainder in fiat)
$200-350 = 97-99.5%
$350-450 = 96-99%
$450-550 = 92-98%
$550-650 = 90-95%
$650-850 = 85-93%
$850-1,250 = 84-92%
$1,250-2,000 = 83-91%
$2,000-3,000 = 80-90%
$3,000-5,000 = 55-84%
$5,000-10,000 = 50-80%
