Quote from: d_eddie on July 10, 2019, 02:40:45 AM

Quote from: bkbirge on July 09, 2019, 08:05:00 PM

I envy those that can actually trade the short term waves with enough consistent certainty to make a better long term profit than just holding. I'm not sure I've ever actually met one of those mythical traders, they might be unicorns. Grin

If aiming realistically and conservatively, it doesn't take a unicorn to do that. I guess more than a few such people are reading and writing these very pages. It doesn't even take a WO peep (well, just as a brainwasher maybe). Case in point: JJG's mom could do that almost in her sleep, but decided not to be bothered cause she prefers to enjoy life.

Gotta admit to the humor, which caused me to wonder, what I had said, exactly.

I thought that I had said that my mom gave up on BTC trading in around 2015 or 2016 after making a few failed attempts, and decided not to follow my system, to mostly HODL and she kind of became inspired by my mostly HODLing BTC, as well... but she decided to shave off some profits from her BTC after the price began to drop from $19,666 and she made her most profitable sale in around the $14k arena in late 2017.

I would conclude that she seemed to have made a lot of money by a kind of "winging it" whereby she sold a decent amount of coins at nearly 30x the cost of her initial investment.. She did not sell all of her BTC investment, but instead she sold about 1/6th of her then holdings... or something like that. I would hardly call that BTC trading.

Could have been a fluke, but surely such a willingness to HODL situation becomes a lot easier, when the BTC prices had gone shooting up in 2017 and her actual HODL had lasted long enough for her to realize a decent sell spot for a portion of her BTC, even though she carried it out after BTC's December 2017 price peak.

Seems like I tell so many partial renditions of this story that even I get confused about which parts of the story I may have missed. I had been thinking that up until now in total she had sold nearly 30% of her total BTC stash, but I am not really sure. But I am pretty sure that the most profitable portion of her BTC sales was the one that she sold 1/6th of her BTC holdings at around $14k in late 2017.

There was also a kind of repeated harping theme from me towards my mom in the past 9 months or so in which I was reminding my mom that she was becoming more and more elderly and she better figure out some kind of a BTC cashing out plan to start to sell her BTC at a rate of about 1% per quarter. She did not completely listen to me, because she delayed and tried to time the market because she did not want to sell any BTC in the sub $6k territory, if she could avoid it, but I think that my suggestion that she should liquidate some BTC had helped her to shave off about 3-4% of her stash around $11k since she had not sold any BTC during the whole of 2018 until just in the past few weeks or so when BTC reached $11k the first time this year.