Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 533. (Read 26467028 times)

Outflows from the Grayscale Bitcoin Trust (GBTC.P), may be reaching an equilibrium after months of investor selling,
Michael Sonnenshein, CEO of crypto asset manager Grayscale Investments, told Reuters on the latest episode of Inside ETFs.

Read/listen to the book 'Die with Zero' - Bill Perkins. Working for money (or in our case, waiting for Bitcoin to go up) is a trade-off against your only real asset your life time.
Memories and experiences you have earlier in your life have greater value than the ones you have later because of the benefits they give after you have had them. Sharing and using, wisdom and memories both have significant value to your overall life happiness. (I think travel experiences often give great returns.).

Think about your grandparents, as you grow older, you will end up wanting less and are happy to stay at home, in fact, health issues mean you probably can't travel easily anymore, and this is when those earlier 'experience' investments in your life reach maturity.  Bizarrely,  living in the moment is an investment in your future. So the earlier you have these experiences the greater the return.
Dying with zero doesn't mean forgetting about looking after dependents or risking running out of money, but it helped me think about getting the correct balance between living in the moment and thinking longer term.

In the case of Bitcoin,  for me it was about setting very ambitious objectives about the things I wanted (property, cars etc, but whatever is reasonable to you with your current BTC holding) , and when Bitcoin was at a sufficient price,  and I would still have at least 50% of my BTC remaining, I pulled the trigger. (actually, my trigger price was $42k, in the last bull cycle, and I part-exited at $55K, and paid all the tax due.)
But I always live by, "Never have no Bitcoin."

4. Conclusion and Recommendations

The most precious, creative and innovative period in your life is the 10-year period around the age of 32. Plan your career path to use this precious 10-year period wisely and effectively to produce your greatest achievements in your life.

The pace of innovations and technology advances is getting faster and faster and is forcing everybody to compete fiercely at the Internet speed on the information super-highways. The highly productive and highly efficient workplace in USA is a pressure-cooker and a high-speed battleground for highly creative and dynamic young people to compete and to flourish.

However, when you get older, you should plan your career path and financial matter so that you can retire comfortably at the age of 55 or earlier to enjoy your long, happy and leisure retirement life into your golden age of 80s and beyond. In retirement, you can still enjoy some fun work of great interest to you and of great values to the society and the community, but at a part-time leisure pace on your own term.

 On the other hand, if you are not able to get out of the pressure-cooker or the high-speed battleground at the age of 55 and “have” to keep on working very hard until the age of 65 or older before your retirement, then you probably will die within 18 months of retirement. By working very hard in the pressure cooker for 10 more years beyond the age of 55, you give up at least 20 years of your life span on average.

sounds like a not-your-keys-not-your-coins situation to me...

ETFs -> n00bs
n00bs -> weak hands

Gotta shake em out every cycle.