You need to UP your posting game Zeunerts.
Anyhow, so back to the question about you, Zeunerts. What was your 2013 and 2014 experience like? What were you doing in regards to bitcoin during that time?
I had a change of nickname recently. I have actually written part of my history previously on different occasions. But I will try to summarize again.
The biggest regret is that I actually heard about bitcoin before 2013 and thought about mining it, but didnt. Its easy to say in hindsight. And its also not sure that things would have played out better, maybe I would have sold early(?).
But I stumbled upon bitcoin once again end of 2013, most likely because it was getting attention because it was getting closer and closer to 1000 USD. I found this forum and spent several nights reading and reading. I remember SlipperySlopes S-Curve.. rpietila etc. Then I made the decision to invest (avg 650-700USD/btc), a big part of my savings (I know, young and stupid). But I would survive without it. Spent the coming years in great loss, didnt sell any.
Made my next mistake by selling some in the 2017 bullrun, early. Experimented with shitcoins and ICOs etc. In summary though, I did better than most, I have probably more BTC thanks to that.
Going through everything from 2013 until today is quite the ride, all the ups and downs, all the china bans, declaring bitcoin dead 4716 times..
Since then, I have converted everything to BTC and tried not to touch it too much. If things play out well in the coming years, I will sell some - not too much. Its getting more and more scarce/valuable..
Yep.. if you sell some, then only you are in a position to know if you have enough that you can start to shave some off without regretting it, which apparently happened to you in 2017, and so maybe you are in a better position to figure out some kind of a way to shave off in a way that is comfortable for you. .which is something that I try to address in
my sustainable withdrawal thread, and
bitmover has made a tool in which we try to put those ideas into a format that guys might be able to use when they start to feel that they have enough BTC.. but then if you are not really into sustainable withdrawal then you might be more into raking your bitcoin profits, which is another attempt that I make in
this post terms of framing some tools for that in which I created an Excel spreadsheet and
fillippone had linked a GoogleSpreadsheet version for guys to plug in their own numbers.
Yeah, I have already seen most of those tools, thanks! Not sure which way I might go, but the general idea is good, and to have a plan going in to the next bullrun is good.
I have no plans to live of my BTC just yet (monthly withdrawals). I have a good enough income to use for everyday life, bills etc.
There surely can be questions regarding the extent to which you are still building your investment portfolio and/or leaving your investment portfolio to continue to appreciate in value.. whether you are ONLY in bitcoin and/or if you have other investments to draw upon and/or an income that is sufficient to support your lifestyle to whatever extent that you might be inclined to keep it the same or to move it to a higher level of spending.
There also could be times in which you start to get senses that you have too many BTC, including at the rate that you anticipate them to appreciate in value in the future.
You could have in mind the level of default entry-level fuck you status that I had outlined in
my entry-level fuck you status chart (which would be $2 million in value), or you could have some other target in mind that still may well include the anticipation that the number of BTC that you need in order to reach your target would be dropping, and then if you have your own customized entry-level in mind, then you might also start to anticipate that if there might be some multitude higher than the entry-level that you would like to reach prior to starting to draw upon your stash on a fairly regular basis. Well and I suppose that is when you get to some kind of an anticipation to start drawing monthly...
versus
the raking idea that is more purely around the idea of taking advantage of various exponential rises in BTC prices. .whether you plan to buy back after selling or not, there could be some thresholds upon which you would prefer to rake a little profits.. and to keep that value in another form (whether in dollars or putting into some investment or maybe just consuming it in some kind of a way), since many of us likely realize that one of the most inevitable characteristics of bitcoin remains its ongoing volatility that is about the most assured thing that exists with it (even if there are ongoing wishful-thinking claims to its stability.. which are not complete myths, but pretty likely spinnings of something that might be trending towards stability but still a long way off from stability - perhaps in 20-50 years best case scenario in the ball park of 10x to 100x gold's market cap.. perhaps, perhaps?), but we likely can have little to no confidence with the exact direction of BTC's ongoing and inevitable volatility, especially in the shorter terms of less than a cycle.. and even if directionally we still should be expecting the 200-week moving average (or maybe you like some other longer term bottom indicator?) to continue to trend (or is it "tend") upwardly.
After the excitement of the current broken resistance, i went ahead to check the
Fear and Greed Indicatorit was light green(cautious)yesterday and now it on the 79% rader point
Edt:
img src:
https://coinstats.app/fear-and-greedclose editWe might be in another dip soon as these traders are preparing to TP(take profit).Besides, there're resistance ahead to break
"We" always might be on the precipice of "another dip," but I would be careful about taking too much profits too soon based on some lame-ass theories regarding sentiment that might be "too frothy." There are traders who have had even better theories than that who end up getting their lil selfies reckt (or at least decently, and unnecessarily damaged) because they are spending too much time preparing their lil selfies for DOWNity while failing/refusing to make sure that they are sufficiently/adequately prepared for UP.
So good luck with your ideas of "down before up," that may or may not end up working out for you.
And regards to the supposed resistance ahead.. some of that has already been broken by getting above $50k.. and there is always some resistance.. and surely my own theory is that we don't get into no man's land until about $55k, so I am already implying some resistance between $50k and $55k, but still that seems to be a BIG so fucking what?.. let's see how it plays out.. .. and of course, we always should be prepared for both price directions.. but calling what you are doing, planning to do or suggesting that others do, "taking profits" causes me to speculate that you might not understand dee cornz very much too well... but hey, you do you... it's a free world, the last time I checked
(oh wait....).How is that "profit-taking" going for you @promise444c5?
For sure recent BTC price action has been exciting (whether we end up getting a correction from here or not), and even if I might prematurely be getting excited, especially since we have not even quite gotten out of the "don't wake me up zone" yet... but still getting aroused a wee bit.. and even considering the possibility of moving the bottom of the "don't wake me up zone" from $35k to $38k-ish..
On a related note, I also just posted the below in the Top
20 100 days in bitcoin thread.
I miss this thread 🧵.
Been too long.
You and me both philip
Need doogie to get on his pants and update this chart
Looks back edit ... hmm 2021 was 50K + ....
I may be a bit to influenced by the MSM (ponders napping again mumble that ETF got to me
Noted for record keeping (Note to self count days till we hit 100) From today
100 2021-04-21 55,375
We might be back in business soon? and even if the dollar is still a few thousand away from entering into the top 100, some of the other currencies might have had already gotten into the top 100, even though even the Euro's information (the raw data) does not seem to have been updating in the last month or so.
Breaking $69.000 ATH before halving is uber mega bullish.
Seemed like such a long shot, just a few months ago.. especially in October when Adam Back was predicting $100k before the halvening, and now even he is not looking so crazy.
This is also the end of the 4 year boom bust cycles IMO. With the ETFs we are now only getting a very small taste of the money coming in. There are multiple trillions out there that are going to flow in over the next few years and I don't think seeing the price between 200-500k would be that surprising. Sure, it would be nice if this money was coming in through self custody rather than ETFs, but that's not how people work. It also doesn't matter because bitcoin is free to all good or evil, rich or poor, asshole or nice, stupid or smart. Bitcoin does not care, it just is.
Personally, I am not going to write off the 4-year cycles.. even though they might end up falling into some kind of a wee different kind of a pattern due to some of the entrance of new money.
And so what? multiple trillion coming in? that just makes for the possibility of a return to a 100x or more blow off top (like 2013) or maybe a more modest 78x blow off top, like 2017, rather than our more or less relatively whimpy 16x blow off top of 2021.
By the way, $200k to $500k is ONLY a mere 10x to 20x if we might want to use $27k as our jumping off point... To me, that eems like a BIG so what? and not enough to even come close to calling death to the 4-year cycle.
In udder words.. careful in terms of your prematurely wanting to proclaim death the the four-year cycle.. merely based on a wee widdo bit of interluding excitementaningss..
WWWWEeeeeeeeeeee!!!!!
