Quote from: somac. on November 20, 2018, 07:50:51 AM

Quote from: PoolMinor on November 20, 2018, 07:38:48 AM

Quote from: somac. on November 20, 2018, 07:31:14 AM

I do both, but all profit goes back into more bitcoin, hopefully when the price drops (I absolutely consider myself a hodler though), but, I do have separate stashes for this, and I buy every pay day but I only started doing that when the price got back into the 6000s.

I did not sell at the top. I wish I did, but I thought it would get to my price, I was absolutely wrong there.

my goal is to grow my stash until ultimate price is reached then sell a portion. That portion will be for living and diversification. The remaining portion never gets sold, but I may buy things with it if buying with btc ever gets to be a common thing.

Thank you for the nice explanation. Sounds as though your strategy is working rather well then. Cool

I could have done much better, and it still all depends on if this thing goes up again. I'm a btc fanatic, so think it will, but history is littered with the corpses or fanatics. Of course I'll be fine regardless, it would just suck if it never comes back.

In theory, if we buy and HOLD, and perhaps sell a few BTC at what we believe to be the top, and then buy back some BTC on dips from time to time, without getting too radical, our returns should be somewhat in the approximate area of the overall market; however, I doubt that very many people achieve those market levels of return on any kind of consistent basis.

For example, from the approximate jumping off base price of $250 in mid to late 2015, the BTC price went up 78x to $19,666, and currently, the BTC price is a bit more than 18x, at more than $4,500 (as I type).

I might be around 6x in profits, give or take a bit and depending on how I calculate and depending on whether I am able to account for all of my coins, including how to calculate some of the value that is in shitcoins that I might be willing to write off but could be like a 1% hedge.. something like that?

Those values are on paper, because I would be really hard-pressed if I were forced to cash out all of my value at once, and surely some coins that I have in my calculation are lost forever and some caught up in a questionable statuses, and did I account for all transaction fees in my calculations of what I have? Ultimately it is expected that some mistakes are going to be made in calculations and also in buying or selling at the wrong time.