Makes me sad that I did not do anything when learning of bitcoin existence in late 2011 (price around $2).
For most people bitcoin required a couple of looks, or maybe it was just me.
I guess everyone gets btc price they deserve (research, commitment, courage/risk taking).
If you have 0.5 BTC you realize you knew about it in time that you should really have 5 BTC.
If you have 5 BTC you realize you knew about it in time that you should really have 50 BTC.
If you have 50 BTC you realize you knew about it in time that you should really have 500 BTC.
If you have 500 BTC you realize you knew about it in time that you should really have 5000 BTC.
If you have 5000 BTC you realize you knew about it in time that you should really have... Well. Fuck you, you damn genius.
So it goes.
Thing is...everyone up there... Which I imagine represents pretty much all of us... Is gonna be just fine.
Don't sell now.
I appreciate your provocative way of framing the issue cAPSLOCK, but I still question whether regrets regarding quantity of BTC accumulated need to be regretted.
Sure, almost all of us who are in bitcoin long enough are going to have mistakes along the way that cause our BTC stash to turn out to be smaller than our stacks could have been, but surely not all of those mistakes are due to lack of aggressiveness. Surely, some mistakes come from being too aggressive, too.
Maybe I am merely in denial regarding my own failures to learn from my mistakes, but so frequently, I attempt to justify my own behaviors in life by proclaiming: "I was acting upon the information that I 'then" had in front of me."
It seems to me that the older that we (are lucky enough to) get, the more likely that we are going to have more and more examples in which we could look back and Monday-morning quarter-back assess that we could have done z rather than our chosen combination of x and y. So, yeah looking back makes for so many possibilities to kick ourselves and hypothesize that we should have been able to choose better.. yet part of the problem is that we might not have been able to have had chosen better.. and the ONLY questions that we have in front of us pertains to how are we going to chose NOW based on what we know NOW? Are we going to continue to make the same kinds of mistakes (to the extent that they actually were mistakes?) or does our own balancing of all of our individual factors still end up leading us to a similar kind of conclusion.. .because if we really consider the matter, then maybe our faults of the past might have been that we had failed/refused to sufficiently consider the matter in the previous time, but really, if we had sufficiently and adequately considered the matter in the past, then there should be no reason to conclude that our decision for NOW that balances the upside and the downside possibilities is going to change right now.
Regarding "all of us being fine": that seems to be another provocation of the question regarding whether even folks recently entering BTC are going to objectively come to the correct conclusions - and many of us longer term BTC HODLers would suggest that the objective long term solution is to error on the side of HODLing and accumulating BTC.
Seems to me that there are a lot of folks, even in this thread, who might be ready, willing and able to vocalize HODL/Accumulate as the "best practice" but there still remain a considerable number of ways that they could end up having their BTC stash fail to grow in size.. and a few common ways is to speculate that: 1) selling some BTC now may well allow for an ability to buy back more at a lower price, 2) wait for a lower price to "buy on the dip," 3) fuck around with various shitcoins, ICOs, NFTs, DEFI and presume that such speculation is going to be more profitable than maintaining BTC focus, 4) fail/refuse to sufficiently/adequately keep a certain number of BTC separate from possible government/third party attacks on one's stash and 5) maybe some other ways that are not top of mind for me at the moment. My point is just that merely knowing about BTC and the best practices of HODL/accumulate is not going to sufficiently/adequately prepare any of us on an objective level to "do the right thing" in order to actually meet the goals of building wealth in the better ways that include maintaining a decently-sized BTC stash.
I am NOT even proclaiming that I, personally, have the better answers, even though I proclaim to have had tailored a pretty damned decent system for myself. I frequently get criticized for shaving BTC off on the way up.. and sometimes I also get misinterpreted as if I am suggesting that guys should shave off BTC on the way up because I am suggesting that such shaving off on the way up is ONLY a likely better practice after having had reached an over-allocation status.. but also even the complications of accounting can also make such practice of too much shaving off to become a way less preferred practice even than what I am making it out to be.. so even some of us (such as yours truly) who sometimes attempt to present our systems as fool-proof and smarter than thou, might not have a system that is going to be suitable for guys in other situations even if we presume that the system is actually sufficiently/adequately understood.
(the best part is at 2:11)
