Quote from: Lambie Slayer on September 17, 2019, 09:54:23 AM

Bluebutts also seems to have a case of tarditus thinking JJG needs for Bitcoin to get to 100k to make money, the guy has been hodling good stash since 2014, pretty sure he is already set up well for life by the grace of our Lord and Savior King Bitcoin.

Of course, we have to take nearly everyone's assertions regarding their BTC stash or their profitability with a grain of salt; however, I would dare you to find meaningful inconsistencies in my representation of my BTC stash or my profits or even my trading practices which have remained pretty damned consistent even while tweaked and based largely on a BTC HODLing approach.

Anyhow, I had done a decent amount of accumulating of BTC in 2014 and brought my average BTC price down from $1k to below $400, and I also made some mistakes including getting hacked through sim porting, which moved my average price per BTC up to $750-ish. I have also lost some BTC on exchanges such as WEX (used to be BTC-E), so I consider those to be risks of the practice and probably, I should have taken more value off of that exchange while the getting was good.... but these days, I probably would consider my average cost per BTC to be somewhere above $750 but still in the three digits.

Chances are pretty decent that many of us who have largely engaged in HODLing and accumulating BTC have done quite well for ourselves, even if we may have made some mistakes along the way.

In my particular case, I was already pretty well off before I got into bitcoin, so the portion that I invested in Bitcoin was considered extra money on the side that I wanted to attempt to at minimum average the same as my other investments which had historically returned about 5.5% annually through the UPs and downs, even though I was also o.k. if BTC returned less than my historical investments because I was taking a chance on something that I considered to be new, interesting and a hedge (in case shit hit the fan, kind of a gold substitute).

It took a bit more than 2 years of investing into BTC (between late 2013 and early 2016) before I really started to feel that my BTC investment was largely holding its own. It was not quite to 5.5% profitable or better, but it was largely retaining its value in terms of how I had begun to play around with my investment (that is keeping some of my portfolio in dollars and some in BTC by selling on the way up and buying on the way down). It took more than 3 years of my investing in BTC before I started to feel quite profitable, and hey I had some decently pie in the sky bullish scenarios that would make me quite happy with BTC prices in the $3k to $5k range, and so that was a kind of BTC has made me rich range - so currently I would assert that I am about 2-3x beyond my most bullish (while conservative) expectations.

So really any more BTC price appreciation makes me more rich, but even going down to $3-$5k, I am still rich. So, I continue to feel decently confident in what seems to be the downside possibilities of BTC and the fact that I am doing quite well with my BTC investment, even at today's prices and even if BTC prices fall down to $5k. On the other hand, I believe it is more than reasonable that BTC prices are going to continue to go up from here and a lot of us HODLers and accumulators are just going to continue to become more and more rich.

I doubt that anyone who rummages through my old post is going to find any meaningful or material inconsistencies from the rendition that I provided above, and sure sometimes the way that I phrase my situation my change through time, but it seems to me that anyone who provides too many details is just playing too much with fire, in terms of OPsec. Accordingly, I believe that I have been more than generous with my details because I continue to come here to attempt to brainstorm with members about various BTC strategies and tactics, and for you fucking trolls and shills, out there, who fail/refuse to provide any of your personal details, then it is mostly difficult to take you seriously about any of your theoretical pie in the sky perspective... or even no coiner perspective regarding the supposed "future of BTC" blah blah blah.