Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Well I did my part guys. Bought a whopping 0.1BTC.
That should stop the rot.
Wishful thinking and delusions of grandeur.
That should stop the rot.
Wishful thinking and delusions of grandeur.
Hey.. .do what you can do.
I think that several of us might be playing around with those kinds of ongoing small numbers that also can add up to a lot of value in the process of stacking.
I recall in about mid-to-late 2015, I was setting up my various buy and sell orders, and even playing around with $5 increments and I could only authorize myself to sell very small amounts, because some of my BTC portfolio had buy amounts that averaged something like $500 which was way more than the then BTC price of about mid $250-ish... so I authorized myself to sell such small amounts that were based on purchases that I had made that were sufficiently below the then BTC price.
My then girlfriend would ridicule me on a regular basis that I was wasting my time with such small amounts of selling and then subsequently buying. I kept telling her that it adds up, and really I am practicing and also generating a kind of insurance that is based on several calculations that include the size of my total BTC portfolio and also how much I make on paper when the price goes up .. but in the end, the goal was to both provide downside insurance and to stack sats (even though such "stacking sats" expression was not then in vogue).
Yes, and even after my laddered sell/buy apprentiship I kept being careful not to put the stack at risk and also being happy with as I call it, "Dust collecting".
After all, it makes 10% or something like that over a year... . What do u mean 10% a year?
I don't mean to answer for Ludwig Von, but I believe that I understand what he meant by 10% a year.
Ultimately one of the most common occurrences with bitcoin is that it continues to be volatile to both the upside and the downside, so people who ladder trades tend to be able to stack sats, which can rise to the level of increasing the number of your bitcoins in the neighborhood of 10% per year.. assuming a kind of volatility and assuming that when the price goes up and down that you are measuring, more or less from the same price points during time 1 and time 2.
Of course, these kinds of measurements might need to be averaged over several years because it could take a few years for bitcoin to return to a price point that it was a few years earlier. Also, if the BTC price goes down, then your value in dollars would likely be higher, but you would also have more BTC, and if the price of BTC goes up you would have more value in dollars because of price appreciation, however, if you engage in a relatively successful laddering, you would have accumulated more BTC overall, since in some manners, you would be attempting to measure your wealth in the amount of BTC that you would be able to accumulate at various price points, even though there remains a bit of a moving target in the measuring, like I already mentioned in terms of how long it might take for BTC prices to return to earlier price points.
Now, if you are merely gambling with your BTC stash or trying to spout out that you can make more money by trying to time the market (as you seem to be describing yourself as able to do.. and likely wrongly, because you come off as a fucking FUD spreading bearass troll), then in theory you might be suggesting that you could make way more money, but in practice, the vast majority of normal people have difficulties either timing the market or being able to meaningfully make money by trying to time the market.
Laddering can be a more assured mechanism to stack sats, whether you are able to achieve 10% in a year or if you might end up with much more modest results.. depending on some of the systematic ways that the laddering might be set up.. in terms of intervals and/or quantities.
Personally, I doubt that I make anything near 10% in a year, and likely my averages would be around 3% to 5% per year depending on how much price movement (especially back and forth) happens during any year and even maybe averaging over several years might give a better kind of overall indication regarding earning performance, consistency of performance or if such laddering might provide some other kind of value beyond mere returns, but instead providing a kind of peace of mind (which tends to be my main reason for doing it) in regards to being better able to deal with what seems to be near inevitable ongoing BTC price volatility.