Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
ive never panic sold btc but, like you, ive sorta "panic bought" things, which is basically the same. of course in 2011-2013 or so there was a lot less confidence in btc so the ability to turn majick internetz money into real stuff was an easy sell.
ive looked up my prev mining addys when i gpu mined btc as i wanted to sign messages saying those addys were mine for various purposes if needed. cringworthy is an understatement as to the amount btc that i mined. ive got a small fraction left, and thats all that matters. its a win in my book. no regerts.
TL;DR: HODL is the best stratagy.
I guess you and Searing share the factor that you were earning some of your income in BTC rather than in fiat, so one thing that puts any BTC earner in the lead of a fiat earner is that s/he is forced to consider his/her HODL strategy ... or allocation regarding what is the ratio of BTC to fiat. So, there is an implied knowledge of BTC, and a likely conscious measure regarding how much of that value needs to be treated like a longer term investment versus used for daily living expenses.
it is a different mindset. i had a strategy for mining that worked for my situation as far as how much was long term vs play btc. but also consider at that time i wasnt in in for the long term value that may or may not moon/crater at any moment. it was for fun and belief in the tech. i wanted to use it. not just collect it.
i still have that respect of course. but with the 50 thousand percent increase in value (or whatever it is) now greed factors in
