Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 23/03/2021, 03:13:03 UTC
I have offically joined the ranks of retired WO gentleman. Working just seems kinda pointless

I think this might be becoming a thing... my last day is April 2nd..  officially retiring early.  Sold a smallish chunk to diversify so that if we have an 80% crash, I can ride it out without selling the dip... but yeah.. mostly the same plan.   good feelings Smiley

8+ years later I'm retired with a close to double-digit $million fortune. What an incredible experience it's been.

Congratulations to all of you.

This could be an interesting poll -- who of us has retired thanks to bitcoin?
It's not my time......yet! too small of a fish.

Don't want to get into any of your specifics or your OPsec, but $50 per week for 7 years would have put relatively "small fish(es)" into a decent place... - nearly 22 bitcoin and a value of nearly $1.3 million - with "ONLY" about a $18.5k investment spread over 7 years.

I wish I'd have been that consistent dear JJG  Roll Eyes

Ok... fair enough.

Maybe can sum up your particular circumstance as: "mistakes were made," no?

So maybe you know what my next question is going to be? 

namely..

Have you done anything to attempt to learn from the "mistakes were made" aspect of your past actions (or non-actions) in connection with bitcoin?  Sorry to come off as pedagogical, but this kind of admission deserves some kind of a more action oriented response.. or at least to attempt to describe what steps that you may have taken to at least attempt to employ better practices.
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By the way, some of us might come off as godlier than thou, but likely many of us have made mistakes along the way too.. and sometimes there are decently practical and prudent explanations for such mistakes and maybe even some lackings in aggressiveness.. I surely have tried to share my mistakes over the years, and hey even in a process of not being consistent, there could be some other ways of making up for that lack of consistencies..

For me, I do believe that some of my investment mistakes have to do with 20-30 years before getting into bitcoin.. so I do understand based on my own mistakes about how sometimes a lack of cashflow can cause too much conservatism - which was probably a lot of my mistakes earlier on (before bitcoin), and some peeps have suggested that I have been overly conservative when it comes to bitcoin, too.. but I really have some difficulties understanding those kinds of comments, just overall speaking about things such as my continuing to maintain investments in 401ks and things like that - even after getting into bitcoin.

Usually March, is always a bad month for BTC... Probably will see again a good run from April and the TOP (or first TOP, if it is in 2 times) in June.

We are poor in march but rich before summer in both cases  Grin

March of 2021 has been pretty god-damned good so far.

We got an ATH ($61,782) on March 13, about dab nab in the middle of March.  How much better could you get?

Are you going to go from an actual good of an ATH in the middle of the month to saying that March was actually bad merely because we might not get another ATH all the way until next month or sometime after that?  Or perhaps you were going to suggest that March of 2021 was bad because the BTC price ONLY got to around 16x of the March 2020 price ($61,782/$3,850)?

In other words, I have some difficulties, no matter how you slice it, considering that you can come up with any stupid-ass narrative that bitcoin's price performance in March 2021 is bad merely because either you came up with it on your own, or someone told you, that March(es) tend to be bad?  even when honey badger gives no fucks about seasonality claims, even though peeps like to continue to make such correlation attempts.