I really like seeing US policy turning more and more pro-Bitcoin. If the plan to establish a Strategic Bitcoin (BTC, not crypto) Reserve really goes through, we should expect to see a huge, possibly order-of-magnitude (10x) price increase in the coming year or two. It looks like 2025 will be a very interesting year for Bitcoin HoDLers, different from (and better than) past cycles. It could even mean that the "rinse and repeat" cycle strategy of some of us should, perhaps, be revised to something like "never rinse, buy when you can, sell when you must". I, for one, am very hesitant to sell large chunks at the supposed peak of this cycle ($200k? More?)... Will it really be the peak, or the beginning of a major long-term uptrend? Will there ever be a "Bitcoin winter"? Perhaps I'm too bullish and will miss the chance to multiply my stash by "selling high, buying low", but I just can't bear the thought of selling and not being able to buy back.
It's kind of sad that the EU does not follow suit and is still very anti-Bitcoin, but the US is bound to affect EU policy sooner or later.
Onwards and upwards. What a time to be alive!
Similar thoughts as mine...
As for MICA/TFR it seems like i will distribute a minor amount of bitcoin from cold storage to various regulated exchanges (like Kraken, Coinbase...) as well as unregulated, chinese exchanges, to maintain flexibility and still have BTC available on exchanges to convert to stablecoins and subsquently cash out in USD/EUR equivalent, in small amounts (sub €1k). Tedious but i really try to stay under the radar, not to evade taxation (because this portion of my corn is tax-free), but to avoid further complications like frozen bank accounts, unconvenient discussion with authorities and banking staff and what else you can think of in these regards.
Still, i will have to see what regulated exchanges need to know about the origin of my funds, to finally accept them for trading in a complient manner.
Regulations may be justified, but they don't have to be such a pain-in-the-ass for individuals.
It is likely true that sometimes we might need to cash out some parts of our Bitcoin on a regular basis just to be able to see that we can through whatever liquidation channels that we believe that we have, including if we might want to open up new liquidation channels in the event that we are feeling too stressed (or inconvenienced) in regards to whatever liquidations that we have.
Of course, given where we are at, the number of whole coiners is going to be much lower than the 0.26%, even in the best of equal distribution scenarios that we could imagine going forward.
Natural and/or spread out (or equal) distribution would rarely play out in a free market, and I can hardly imagine any scenarios in which more fair distribution could be attempted to be pushed upon the world and its bitcoin acquisition.. so one of the main solutions end up with individual action, and individual responsibility to try to figure out how to consider how to get as many BTC as they are able to get within their own limited circumstances.
Surely, if we consider so many rich folks, institutions and governments that are going to try to "stockpile" their own little stash, which likely makes it difficult for normies to hold even more than a million satoshis... which likely means that it would be good to buy those million satoshis sooner rather than later, since currently a million-ish satoshis ONLY cost a bit more than $1k.
Edit... and even a nice little buying opportunity as I edit this post.. perhaps we might be able to get some bitcoin for less than 6 digits? Perhaps? perhaps?.. that means more than 1 million satoshis for $1k.
A1C under 6= no diabetes, really.
Once you are diagnosed with Diabetes, it remain with you forever. There is no permanent cure of Diabetes and Blood Pressure so far. I have A1C under 6 but that doesn't mean my Diabetes is cured. If I deviate from my current eating and exercise pattern then A1C will start rising once again.
Doctors and literature about diabetes is not always accurate or true in regards to some of their claims about diabetes.
Surely there is type 1 and type 2 diabetes, and type 2 can surely be affected by changes in lifestyle and including potentially recovering some of the damage that might have had taken place to insulin receptors through historical bad diet and other bad lifestyle choices. Even if the body might not be able to reverse all of the damage, it might be able to get to a much better state based on better lifestyle choices, and yeah there could well be some genetic components that challenge some folks more than others, yet I would not get so steadfastly agreeable to some claim that diabetes is not reversible, unless maybe your particular circumstances are something related to type 1 or some degenerative condition that you might have.
I am also not suggesting that making lifestyle changes are easy or even that people make lifestyle changes that are actually materially enough or the right kinds of ones for their own body, since sometimes, again, the information sources might even directing you towards the wrong information, such as telling your that grains are healthy or failing to distinguish good fats from bad fats or even distinguishing that not all proteins are equal either... for example processed meat versus whole meat with the fat (including letting you know the actual nutritious value of ruminants that happen to have red meat and coincidentally a lot of nutrition too..especially if eaten with their fat and even organ meats)..
I hereby confess that today I sodled some at 105k+
As I'm bad at timing the market, we will probably go up soon...
Since 2016 I haven't sold anything from my stash... only forks and airdrops..
This is my way of celebrating the 100k mark ... there won't be any 100k parties anyways
0.1% of my stash turned into fiat... enough for ramen + egg for the next week!
Thank you Badger King !
You did the right thing. "Timing the market" often ends in losses, it's really best to sell on the way up, but be aware that i
f you sell more than you just need at the moment, you could well recover your stash with the extra money within the next bear market.EDIT: You guys may notice me posting more frequently again, since my actual daytime job is finished until February or so. It was very exhausting bc of tight deadlines but quite profitable, so i luckily don't have to sell Satoshis for a living.
That's really tempting, indeed. If I sell double the amount I can buy back everything at a 50% drop. Triple the amount, buyback at 33% drop and so on.
However I have also had the experience selling too much with the market going up afterwards and never coming down again.
That's still quite a trauma for me. The safe bet is probably the "only sell when you must" way. But your stash will decrease over time.. so yes, it's tempting !
I doubt that these are times to be selling more than you must.. but hey guys can do what they like, and we will find out later if they managed their holdings very well in the event that they are whining that they sold too much too soon. Hard to imagine selling 0.1% of your stash after being in bitcoin close to two cycles would be selling too much, but hey it is hard to know, especially if some folks had been whimpy in their accumulation of bitcoin, so then the whimpy ones would be in less of a position to be shaving off any of their stash, even though surely some of them end up selling too many cornz too soon, because they were never convicted about bitcoin (or perhaps even knew what bitcoin was) in the first place.
Holy shit just found out a buddy of mine died Nov 3rd, the weird thing is he was a insane trumper and has been frothing at the mouth the last 4 years and he literally died the day after his dream came true.
Life is short, and we never can know when the end might end up coming.
