I knew we’re always going to start uppity but I’m an impatient bitch.
You have done pretty good for yourself over the years, so hopefully you can figure out some level of balance in regards to how much to sell during this time around to make sure that you have enough cash.
I understand the feeling of not really wanting to sell any BTC if I have a feeling that the BTC price is going to go up, yet I have found that keeping decent amounts of cash on hand tends to help me out to feel that I am never really running out of cash - or getting the feeling that I am BTC rich and cash poor... .. It does happen once in a while, but I try to balance out my BTC to cash ratio in order to mitigate those "cash poor" feelings that can sometimes happen when the BTC is either stagnant or feeling like it is going down more than it is going up.
The balance is going to be different for each of us, yet it does seem that the longer that we are in bitcoin (and we did not sell too many too early), then we likely should have a sufficient amount of flexibility and even extra bitcoin within our portfolios to "work with."
this is pretty damn good. over 50k for almost 8 months in a row just a tiny 1 day dip under 50k
Pretty damned bullish for a lot of the selling and naysaying that had been happening for the past 8 months, yet the net sellers are going to likely end up looking pretty stupid since they likely were expecting to be able to buy back lower, and that really has not ended up working out too well... at least so far not, and gosh, anyone still believe we are going below the 200-WMA in the next 6-9-ish months or so?
Right now the 200-WMA is slightly over $40k, and sure there is a chance of going down there, but it would be tough for anyone banking on that kind of a correction that may or may not happen..
..and gosh we also heard so many folks suggesting that we need to consider something like our March2020 incident, and I have no problem being prepared for something like a March 2020 incident, yet it becomes problematic for those guys who had been banking on such an event.. and so either selling and/or failing refusing to buy to prepare for UP.
Poor one out for Germany selling around $55k to $57k and the GOX coin fudsters also selling with dip expectations.
To me, 860K is bonkers...many people would be at least rich-lite (or well off) with just 3-5 btc.
There was a time when 1k seemed bonkers (RIP Risto). Though I do concur with the sentiment.
Risto.. A Shakespearean, or perhaps even biblical tragedy of a human.
I remember him well...he came up with that
SS (safe withdrawal system) that @JJG extended extensively.
I am still amazed that very bright people sometimes have severe mental diseases (he had something that was diagnosed similarly to Van Gogh's).
Maybe there is not much between genius and mental disease...witness John Nash and quite a few others.
Remember the irony.. since Risto called it SSS.. safe and sane... Don't forget the "sane" part.. I quote Risto's SSS plan at various places in my investment plan ideas, yet more of a kind of inspiration in regards to what to do after reaching enough accumulation or over accumulation of BTC.
..........so I started to consider that I had gotten into a state of 0ver-accumulation - or a conclusion that I had too much BTC, so I was not really sure about how to deal with my over-accumulation status, except to create a plan to be able to sell BTC on the way up, some variation of Risto's SSS plan.
The more pure versions of Risto's plan would be to sell on the way up at something like 10% for every doubling of the BTC price, while discretionarily figuring out a starting point for the BTC sales, and then sticking to such a selling on the way up plan with no expectations to buy back any of the sold BTC.
My own variation included both possibilities, which was considering the possibility that the BTC price would go up and there would be no corrections and/or abilities to figure out when or if to buy back, and there might not be any advantages in actually buying back.
Let's see: Any pictures of trains?
Edit: 6 pages back, not one train. What the hell happened to WO?
Ouch!!
I take note of a lot of flames in your recent posts, homer. Perhaps observing too many auroras in recent times?
