Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 947. (Read 26713229 times)

I was thinking about the following hypothetical the other day:

Let's assume that bitcoin goes to 100-300K (let's say, 200K average) this cycle and somewhere along the line you sell a substantial % to invest in property, luxuries, etc ( whichever you choose).
In 10 years afterwards, bitcoin goes to 5 mil, which means that you only "captured" just 4% of the potential value.

How would you feel about it? I guess, it would also depend on the remainder (that you didn't sell), but still.

Personally, I know that years later, I am not particularly fond of my decisions to sell AMZN, AAPL and TSLA early, even though I made very nice gains on them.
Sometimes, I consider these occurancies as my investment follies, but, again, you cannot be 100% efficient.

Of course, it is possible to NEVER sell btc and, basically, put this decision on the shoulders of descendants, but you cannot guarantee that they would be wise about it, right?
At least, I can't.

At some point, I would have to start to spend btc and this point is coming relatively soon.
Alas, to spend even a relatively small amount of btc on things like kitchen remodeling causes a bit of mixed feelings on my part as I contemplate the scenarios described above.
That could be one expensive kitchen 5-10 years down the road.
Withdrawals from IRA are taxable and I put all my stables back into the market during 2023.
I would probably do a mix of "things", but don't want to take on HELOC or anything like this.
Decisions, decisions...

If you haven't sold all the chairs by now and be all-in you can't be saved.

I’m speculating it will bottom out soon, there is more than likely a core set of investors and/or lth who will retain and not sell. I do think it’s getting close to the line maybe another month or so, and selling will dwindle to normal movement is t might turn out to be catalyst too for big uppity movements but that’s just a pie in the sky guess, I have nfi tbh.

Since GBTC converted to an ETF they have lost almost 50% of their AUM under management in less than 3 months. They started at 619k and are now at 318k

I'm liking those numbers and can't wait till it is at 100%. Another 3 months perhaps?

Since GBTC converted to an ETF they have lost almost 50% of their AUM under management in less than 3 months. They started at 619k and are now at 318k

I'm liking those numbers and can't wait till it is at 100%. Another 3 months perhaps?

Interesting to see yesterdays pump with such low inflows to the ETFs (one of the lowest so far?) at the same time GBTC dumping hard.
Although, most of the pump happened in the EU hours.