It seems that I have almost as much cash as is worth my whole BTC portfolio [...]
Wut?!
(I think you have to explain your little selfie here a bit further.)Woops. Thanks for catching that.
I started to write my 'splaining, then I started to think that maybe it is good to remain a bit ambiguous, amorphous and even potentially internally contradicting on this point.
Largely, what I was attempting to say was that I think that I have as much cash as is worth the whole amount that I had invested in bitcoin.... at least within 20%.. ..
It's like one of those kinds of claims that should maybe stay a little bit vague and perhaps even unbelievable, but it is a kind of claim to assert that with the passage of time in terms of being in the bitcoin market, the various ups and downs of the BTC market, there may well end up being more and more cash in reserves to deal with the volatility and also a kind of sense that the amount of BTC that are held become nearly like a kind of house money... even though I proclaim to have around a $1k cost basis for any of the BTC that I hold.
I know that mileage may well vary in terms of how BTC accumulators/holders might deal with their BTC after they are mostly in a kind of maintenance stage rather than an accumulation stage.. which that is where I perceive myself to be, and i also appreciate that some folks might want to assert that anyone who has a lot of cash at this time when we are fairly low in the BTC price (like within 20%-ish of the 200-week moving average) is not bullish enough to be holding so much cash, and it kind of seems to me that just the longer that we are in bitcoin, we end up having more than enough or we get some senses regarding how much we feel that we need to make sure that we continue to have at various price points, and that seems to be where I am at... still way too many BTC, even though some people proclaim that you never can have enough BTC, and I am no Michael Saylor in terms of how I perceive him to be overly allocating... I feel that I am overallocated to BTC, but not in the same ways that Saylor (and his company) seem to be... and yes, I can hear you (and perhaps others) proclaiming that there is no way that a person could be overallocated if he is proclaiming to have nearly as much cash on hand as he had invested into bitcoin.. which is more or less the thing that I had meant to proclaim.
And generally speaking I never really claim to be holding a lot of cash.. I think that I had made some representations that my cash was around 2.5% or something like that of my BTC holdings... and gosh I had not done the calculations recently.. and my shitcoins tend to be less than 0.5%, even though sometimes prices will fluctuate, so I might have to do a tally.. maybe at the end of the month...
Surely we might realize that the BTC prices having had gone up more than 2.2x since it's November 2022 bottom should be helpful in these kinds of matters and also that I had "suffered" from a bit of a Binance US fat thumb mistake in June 2023.. which I probably still have around 25% to 35% more cash than I would usually have had partially due to that situation... and don't get me wrong wrong, I already bought back more than 50% more than I had sold in the process of the mistake in which outstanding BTC sales orders were executed from $31k to $140k-ish, even though I think that the highest sell order that I had executed upon me was around $130k, since around that time due to some technical limitations, Binance US had not allowed BTC sell orders to get set higher than the price that mine were, even though when I reset them, they did allow me to go up to $150k.. which was the place that I had all my sell orders on other exchanges that I had been using at that time. Is it now more clear, bitebits? Sorry
(but not sorry) for the error in my earlier word choices.
We want BTC at 40k within a week! Go BTC no-one can stop you!
Is this "we" that you speak of in the room with you right now?
Nice question and I have an answer for that. The "we" that I used was not to show that I have someone else with me in the room but I was referring to the members of the forum with same thinking.
Your explanation does not really help.
Most BTC holders want to have it at $40k and that's why I said we want it to reach 40k within a week.
That's a suckie approach too, since it comes off as a kind of white knighting that might cause some folks to puke. You know what is "white knighting?"
Everyone who wants BTC to reach $40k range faster is included in that "we" which I used.
Could be true, but it seems cleaner not to presume too much about what "we" might want.. but sure, use whatever words you like, when it would probably be better to express what you mean differently, to the extent that it might be a point that is worth making.
"we sure would like to get $40k by no later than November 1 - give or take 2 days." It is not necessarily a bad point.. especially since this thread is about price movements regarding what has happened, what is happening and what might happened... so sure, I will admit that maybe, perhaps or that it could be that I am acting with too much pettiness. As you were solder... wwwwwwwwwwwwwweeeeeeeeeeeeeeee away as much as you likie.
