"I don't get out of bed for less than $10,000 a day."
-Linda Evangelista
Oh yeah, well...
"Having my net worth increase by seven digits in my sleep doesn't even phase me any more."
-Bob Lawblaw
Yeah but, ya' know, it's all relative. Just imagine how Loaded feels.
Sure, it is relative to consider how BIG the numbers can be in terms of how much is being made in a very short time, and sometimes it will end up going down faster than it had gone up.
I am in the same boat in terms of what some guys (and perhaps gal) are feeling in terms of the strict quantity being made in a short time whether we are measuring hours or days or weeks as being higher than it ever has been, and I was kind of chilling even when we were losing value in the $10ks . and sure even though many of us (including yours truly) had been feeling decently nervous during our correction of one or two days from about $7,500 down to $3,850... So even if we have similar quantities of BTC as we had at those lower prices, we are likely getting some feelings of higher assurances that 4 digits is becoming quite likely not to be reached again, and even sub $20k is starting to feel like it might be a bit of a stretch to have that level of a plunge, in these times.. down to $20k would be about a 42% plunge given our current local top - as I type - of $34,719.
I voted sideways in the poll.
But honey badger seems to want to just eat my buddy sidewinder for lunch
Your "buddy" sidewinder doesn't know shit.. and been wrong since about $10k, more or less. #nohomo.
@ JJG #557483
Just trimmed a tiny bit of BTC today. Nice that I can do it for CA$H.
Your advice and acceptance of selling on spikes is very rational for those at my BTC level of knowledge or less.
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Carry on, all.
BTC moons, Gold/Bearing/BTC guy benefits nicely too. (I'll pass re alts)
Thanks... yes.. you are referring to this post.. (post number already has changed)
I try NOT to be rigid about any of these kinds of matters but there tends to be considerable value in making a plan and then attempting to stick with such plan, but not so rigid as to having to stick with it because we each have discretion over our own funds and how we manage such funds and we should be able to change or tweak our plans along the way.. without necessarily getting caught in the emotional hype of the moment (including BTC price moves that might start to feel outrageous).
Another thing that I attempt to emphasize is some kind of incrementalism that does not involve selling very much at any given time but be willing to never have the opportunity to buy back with whatever value that you had sold... Sure, if you get lucky, and you are able to buy back at a lower price, fine.. but you should be able to live with the fact that once you sell, you may well not be able to buy back at a lower price.