Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1652. (Read 26714883 times)

I am surely not trying to disrespect any of your own personal discretion because each of us have to figure out the various kinds of balances that we are going to make, including the various ways in which we either get bitcoin exposure and/or the various ways that we might be able to hold our bitcoin in private ways and even categorize the various kinds of bitcoin stash that we have.

I am not even saying that any of these balances are easy, yet I still become somewhat uncomfortable when historically some people engaged in such whimpy bitcoin accumulation strategies and they had financial means in which they could have easily UPped their bitcoin accumulation game without even putting themselves at very much risk.. besides having to have some KYC bitcoin and also perhaps some temporary exchange (third party) risk depending on how much you might choose to keep on the various exchanges or if they may or may not allow for being able to withdraw the BTC.

I surely suggest NOT letting the perfect become the enemy of the good in terms of potentially unduly limiting your own BTC accumulations more than maybe your future self might have preferred you to do...and at the same time, you are totally in charge (and responsible) for your own ways of balancing these kinds of matters...

and I also realize that sometimes people will handicap themselves on purpose because they do not actually believe in bitcoin as much as they might claim to do.. (and there is nothing wrong with that).  We surely have had some people who had regretted their earlier whimpier approach to BTC accumulation, and then they realize later in life (after the BTC price is 10x or 20x or some other multitudes/magnitudes higher that they need to become more aggressive in their BTC accumulation.. and again there is nothing wrong with any of that because each of us "get bitcoin" within our own timing .. which may well end up being at a higher price than our earlier times in bitcoin.


That's true...

I had to LOL at this one..

 


I doubt that Saylor thinks like that.  You can listen to him and hear that he does not think like that.

In other words, there are no reasons to take profits in dollars.. or to trade or to get your investment capital back in order to lower your basis from $30k to zero.... if that is how you are thinking about it. No need to engage in that kind of selling currently or even if the BTC price goes up from here to $200k. . which results in Saylor's/MSTR's stash going from $5billion to $32billion.

You heard of the concept of letting your winners ride, haven't you?  Saylor seems to be a "let your winners ride" kind of a guy... and he can spend bitcoin as business expenses and remember he has his own BTC stash around 17k BTC or so.. maybe he has more, but geez, he is not even close to desperate in terms of places upon which he could draw some value, if he felt that he needed to buy another yacht or whatever.

Sure, he can do whatever the fuck he wants and even change is mind and/or his practices, but I see no reason to lock him into some kind of a box (or to make a prediction about what he is going to do that is surely discretionary and is not even the "best" thing to do, if we can even consider what might be "the best" thing to do).

__SNIP__

The price of bitcoin (BTC) appeared set to retake the $27,000 level early Wednesday, but the rally was turned back alongside a renewed slide in the U.S. stock market.

In mid-afternoon action, the S&P 500 and Nasdaq were each lower by about 0.6% – by themselves, not large declines, but both indexes are now lower by about 10% since the start of August.

Bitcoin is flat over the past 24 hours just shy of $26,200, but earlier in the day had risen above $26,800. The CoinDesk Market Index (CMI) is higher by 0.15%.

Yeb, it can be a condition where we are too focused on btc and don't care about anything because ambition is what acts instead of common sense but I also said before even if I can't afford to reach 1 btc but I will still be proud and show it later to my children and grandchildren (if I already have).
On the other hand I think trying as much as possible in making investments is also important and it can be used as a good goal for a target but if you are not able then there is no need to force it because in the end as long as it is any btc it will definitely be very valuable.

At the risk of my being redundant in this post as compared with my earlier post on the topic, I am not sure if you need to reach 1 BTC.. It is sort of an arbitrary thing to focus on 1 BTC when it might not be a practical goal.. but surely that is up to you and your capacities and your timeline. 

Any amount of ongoing BTC accumulation is likely to put you in a better place so long as you do not overdo it and cause yourself to have to give up some or all of your BTC...

So I would suggest to try to consider being practical in terms of whether or not it is a good idea for you to focus on an arbitrary goal of 1 BTC merely because someone else said that 1 BTC is good.. without even knowing your particular circumstances.

One of the best things that any of us can do when it comes to bitcoin is to allow bitcoin to help us to be able to figure out our own financial and psychological circumstances and thereby be able to tailor our BTC accumulation to our own particulars.. 

It seems like the economy is beginning to take a heavy toll on equities. I wouldn’t doubt it if we saw a 15% correction in the S&P 500 from here over the next several months. Interesting times as we await to see if a recession cancels out Bitcoin’s 4-year cycle. I’ll admit I’m not sure how it will react, but I know we’ll have our answer in the next two years.

O trust me my level of understanding is beyond your comprehension

Should I buy or sell?  

It seems like the economy is beginning to take a heavy toll on equities. I wouldn’t doubt it if we saw a 15% correction in the S&P 500 from here over the next several months. Interesting times as we await to see if a recession cancels out Bitcoin’s 4-year cycle. I’ll admit I’m not sure how it will react, but I know we’ll have our answer in the next two years.

Fun calculation:

On 1 August 2017, Bitcoin Cash (BCH) forked from the main Bitcoin (BTC) blockchain. If you had x BTC at that time, you were given x BCH. Consider the following 2 choices:

1. Keep the forked BCH,
2. Sell the forked BCH and buy BTC.

Picking option (1) in September 2017, your x BCH, then worth around x * $500, today would be worth x * $200 ---> 60% LOSS

Picking option (2) in September 2017, your x BCH, then worth around x * $500 would buy you x * $500 / $4000 BTC at that time, which today would be worth x * $26000 * $500 / $4000 = x * $3250 ---> 550% GAIN

For exact values, replace x with the amount of BTC you had at the time of the fork.

Prices are rough & rounded approximations of spot prices of then and now. The difference in outcome is so huge that the accuracy of prices used is almost irrelevant. We're talking about 1 to 2 orders of magnitude gain in picking (2) vs. (1).

tl;dr: Fork your mother if you want fork! Get rid of all your shitcoins ASAP ---> convert to BTC ---> wait. Tried & tested, never fails.

Better to look for it in the local section as it will be easier for you, the Seattle transection, and find out the most suitable person to deal with. For identity abuse, most people do not really care about it, as they might be unaware of the consequences, But it should be taken into count.

I am surely not trying to disrespect any of your own personal discretion because each of us have to figure out the various kinds of balances that we are going to make, including the various ways in which we either get bitcoin exposure and/or the various ways that we might be able to hold our bitcoin in private ways and even categorize the various kinds of bitcoin stash that we have.