@JJG : just to be sure, what's a low coiner ?
Dear bitcoin please stay in 20s for 4-5 days more. I want to top-up on my next salary.
Yes, #metoo. Buy some and add some more steps to my ladder.
I try not to be too judgmental in terms of people making choices for themselves and even assessing their own personal finances to figure out how much to get into BTC ad to figure out their target BTC allocation level.
The best that I feel that I can do is to attempt to give some guidelines, such as:
1) get the fuck off zero or
2) consider a beginner level allocation into bitcoin to be anywhere between 1% and 25% depending on your assessment of the matter and how aggressive that you want to be
3) consider beginning with figuring out your various finances and psychology and starting with something like $100 per week investing into BTC, but of coursed, if you live in a location in which you only earn less than $2k per month, then you might not be able to afford $100 per week, and maybe $10 per week or less will have to do. You gotta be careful in terms of not overinvesting after considering your own cashflow, which includes considering your expenses and having an emergency fund.
A low coiner is someone who is way underinvested into BTC based on his own various circumstances and could be anyone who accounts for the 3 above categories, but still underinvests. .even though able to invest way more based on his own circumstances.. .so it is difficult to categorize exactly what is a low coiner but just that s/he fits into a category of way underinvested, and not just merely whimpy but really whimpy.. overly whmpy.
I thought you meant an absolute value (0.1BTC or 1 BTC or X BTC) but I guess as an overall investment it makes more sense, and also means I'm more of a BTCer than someone with 10 times more BTC, but many millions in the bank.
I need to find that 100K$ job though, anyone with US citizenship wants to marry me ?
I did not really want to proclaim any kind of specific number for what would be a low coiner, because there are both psychological and financial factors and also just figuring out budget and BTC accumulation strategies (if BTC accumulation were to become a goal/target).
Let's say a hypothetical person had an investment portfolio of $100k, and a total income of $40k per year (so an extra $500 per month that could be invested into bitcoin). Maybe if that person invested less than $1k into bitcoin and less than $50 per month into bitcoin I might consider that person as a low coiner.. but it depends, because at least even such wimpy investing person such as this one is getting off of zero and each of us need to start with our BTC investment somewhere .. but if that same person has an investment portfolio of $200k 5 years later, and they only have $2k of bitcoin.. that seems pretty damned wimpy from my perspective..
Maybe similarly, if someone who is richer and has a $1 million investment portfolio, and a $140k yearly income with about $2k extra per month that could be invested into bitcoin, but instead of being sufficiently aggressive or assertive in their BTC investment, they invest less than $10k into bitcoin and less than $200 per month.. but it is still something rather than nothing, even though it is seeming to be a wee bit whimpy relative to their overall income and assets.
Think Positive.
That will be Progressive
Be Smart
Haha that's me in 2018.
That's me in 2013, 2017 and 2021.
I had a goal set, sell at 100k. That worked out well, not.
Why would you wait until $100k? And, if we had gotten up to $100k how much of your stash were you going to sell ? 100% or just 50% or some other amount?
Part of the solution seems to be to sell at various points on the way up, and never sell all of it.. maybe not even half of it (but surely there can be different points of view regarding how much and at what price points), and my portfolio management thesis has been to sell as if I were never going to buy it back ever again which causes me to sell relatively small amounts of less than 1% for each 10% price rise. or something in that ballpark.. and most likely I could be a bit more aggressive in selling, but so far I have not really felt like being aggressive in terms of selling..
But let's get back to crypto
What is "crypto?" Does it have some kind of relationship to my lil precious?