Yep.. that's quite the gold standard.. "to live off of it"  My thinking is to keep building the next egg, and yeah, there could be either luck in the sense of trades that pay off or just merely the appreciation of the value of bitcoin that allows a person to "live off of it" combined with whatever other income sources that are available or produced by other assets.




Yep.. agreed... Part of the reason for participating in this kind of forum is to brainstorm with knowledgeable persons, and even if we do not agree with their perspective or approach, there may be ways that we can learn more about our own approach, why we do it and whether a change may be more prudent.... so yeah, we may face some dilemmas and even disagreements about what we want to do.. and maybe some of that may be fruitfully shared publicly, and I have traded some other discussions in PMs... if some of the details may be a bit too personal for either person.





In some threads, I have provided some fairly detailed disclosures concerning how I stack my intended trades, and I have even argued with some that my approach is nearly foolproof... possibly a bit of an exaggeration, but currently the approach seems to be working pretty good for me, and so far, I have not minded providing some of those kinds of details from time to time..





Actually, yes... It becomes so easy to get emotional and to do the wrong thing.. so in that regard a lot of people can get tricked into buying high and selling low... and so I agree, probably more people lose than win because it remains tricky, even when it seems simple.

  I get tempted into such myself when the market is going up, it is very tempting for me to buy and make a little on the upsurge when I should be selling and sometimes it is very difficult to sell on the way up because I want to make more and more and more and to time the highest point when I should probably continuously have been selling as it goes up because the price trend can reverse at any time and for no reason..  and the same happens to be true when the price is going down.. sometimes I want to sell on the way down and I have a tendency to get greedy on the downward trend when I should be buying and in the end, I don't want to get caught selling at the bottom of such an awe inspiring dip when I should have been buying at that time in the dip, and I sometimes have to coach some people (in the real world who I attempt to help with this) over and over and over  about not getting tempted to do the wrong thing at the wrong time.. and it is very difficult to help people to fight off the temptations to do the wrong things at the wrong times..  so if you build systems, you can stick to your plan and do only what you are supposed to do buy on the way down and sell on the way up..