yep..that is pretty much true....I ONLY had the miner....from that miner to pump the income (yep legal with IRS too from day one) for ALL the stuff you mentioned flowed from this income...I worked with disabled
folk...never a lot of money in that ..thus the mining had
to stand on its own....also remember I fired up this KNC Jupiter BTC miner on Oct 18th 2013 and that day BTC was almost exactly $150 (I looked at worldcoinindex..but they don't go back till 2013 or I can't read
the graph) .....and I think (again if I remember right) I was making ONE BTC per day.....
and yeah, mostly was in HODL mode for everything ...except those things that were for mining....I also have a mess of Altcoins that more than make up for what you are talking about...for any 'slush' after the
BTC stuff...
so yeah, a case could be made that REALLY the only money I have in crypto 'out of my job' was the $5,131.80 usd for the KNC Jupiter of 2013.......so the revenue I have used/bought miners with etc...and what
I have left over in HODL mode..is indeed profits....thus a case again could be made that I 'mentally' could claim that anything above the $5,131.80 was profit..in that all the expenses for future expansion came
from that one machine....thus $513.18 BTC would be the most definative extreme example of denial of loss of $$$ after any number under that point for BTC (again not counting the significant ALT's slush on
the assumption I'd sell all that before getting to such an extreme point...
just the way it worked out....I retired as of 1/14/18 this year due to crypto...trying to use crypto to bridge the gap between 63 years and full retirement and traditional investments at 66 with soc sec etc
same 'dubious' lifestyle' $$$ wise if I 1) work 2) use crypto till 66 3) crypto goes tulips after 66 again, same modest dubious suburban ghetto lifestyle
so if it all goes tulips I am going to make t-shirts to befuddle those who will say 'I told you so' that say
Crypto: Allowed me to retire 3 years early, bite me!
Thus, if nothing else comes from the miracle of tripping over BTC in 2013....I can say at least that I man'd up and gave it my all....hell, I'm 63 years old ...I have worse problems then BTC and crypto going tulips!
(what do they say: write a book, plant a tree, make a fortune and lose a fortune......we will be the first to know I guess)
brad
p.s. the above while not exactly correct....is a way to look at it from the perspective of which I started.....(in the PSU's I'll have left over alone!) but as a mental viewpoint on the ups and downs of all this
stuff and how serious to take it all..it works for me.
Also as far as the work/time thing...even if it all goes tulips..I have not had this much fun since I was in University....thus it is a win also.
So if I understand it correctly, $513 is just a symbolic price point of your choosing that doesn't take into account alts and other profits. It's not that it is the right way to calculate a "break even" but if it works for ya who am I to say
If it, somehow, made you reach your retirement plan years early than you thought, then it already gave you some.
I also have a FAKE "break even" price which is the BTC price at the LAST time I sent FIAT to an exchange (just before the Bcash fork). If it ever reaches that price again (around $3000?) I will just send more FIAT and keep with my accumulation plan. In the meantime I just keep slowly increasing my stash by not withdrawing anything and trading.
Agreed on the time invested as some combination of entertainment and education "profit". I learned a lot about "money" in here which made me change some previous assumptions I had. It's been an interesting journey.... let's see what comes in the following years.
Actually, IF all the money I've made so far has come from the mining aspect that started with the knc jupiter miner at $5,131.80 price...thus my $513.18 low on BTC and still 'mentally' say all is good..
from a HODL point of view...that is how I look at it..IF I add the Alts and electrical panel and wiring and psu's left over when mining is done and all that ...it probably would be equiv to less than the $513.18 low
the catch is ...ALL MY MONEY MADE IN WHATEVER MANNER HAS COME FROM THAT FIRST MINER AND ONWARD...i may have some extra laptops and junk left over if btc goes tulips and not counting the alts
which I plan to spend on my 3 years early retirement (if the hoard lasts that long)
thus yeah as a 'mental exercise' for me to at least HODL my hard earned BTC over 5 years..that is the plan....(if I ride it down to doom) of course, I'm hoping 'eventually' it gets back to an All time high
so if crypto survives, it should get back to an all time high of 18k for a BTC it may take 1-20 years....but if it exists it should do that (even if it is all inflation)
if it does not..then my bet on HODL'ing the BTC and spending the rest from the mining is moot...
but my main thread again is, the 'extra cash' made all came from that first miner and onwards and upwards...NONE of my regular income was put into this stuff (my income was too puny)
so if I only paid $5,131.80 for a knc jupiter miner in 2013...and all that has been bought and used etc since then came out of mining onward and upward from that....
the worse you can say is I probably should have held btc and sold some in 2017 and stopped buying miners after July 2017....but the fact remains...anything I have of any note....old asic's psu's better electrical panel
in the basement etc...all has started from that first bit of seed money in the knc jupiter btc miner of 2013
so hell, if it all goes tulips it was a lot of fun...but as again a 'mental game' it can be looked at that way....(also could be looked at of having 2x the BTC in 2017...but them's the breaks)
anyway, so the distorted way my mind works looking at wtf I've been doing the last 5 years in retrospect....
brad
