Quote from: Gatorelf on Today at 10:09:45 AM

Quote from: somac. on Today at 09:50:01 AM

I just got back from seeing a friend. He's been in and out of Bitcoin since 2017 (lost money of course). Did the usual what about these shitcoins thing, which I dismissed as well as I could. Anyway he said he has been trying to withdraw as much equity from his home as he can for the last several weeks. Should get it in a week or 2. He then says he was going to buy bitcoin with it when it was in the 50s and now he's really glad that it fell because he's going to be able to buy much more.

He agreed with me that holding was the way, lessons from past sales learnt.

Foolish, I will say though that if you are in your 20's go for it lol... you can recover from losses in your early years and learn a lesson, not in your later years (50 +)

someone bought at $60k +, wonder how they are feeling right now

First of all, your reading comprehension skills seem to suck, Gatorelf - especially to believe that you are understanding the age of the bitcoin buyer because the word "50s" was used in the post... but hey, maybe that is just a minor point.

Second, I surely agree that age is a considerable factor for any investment including bitcoin. You do seem to be assigning the presumption of way too much risk to bitcoin, or maybe you are assigning way too much need for liquidity to 50s or late 50s (in terms of age). Each person is going to need to figure their bitcoin approach, and surely in recent years, I have been ongoingly asserting that any newly injected money into bitcoin should have a minimum of a 4 year time horizon before needing it... and so if the timeline is less than 4 years, differing factors will need to be considered in terms of lowering the amount put in and also attempts at timing the ins and the outs more strategically.... I will concede that having less than a 4 year timeline for any newly injected money into BTC does increase the gambling tendencies.. so greater cautions would be required.

Quote from: Sayeds56 on Today at 10:52:42 AM

Don't despair amid the inevitable setbacks that all investors face, especially during a crisis in the market. If the reasoning behind the investment was sound, stick with it, and it should eventually turn around.

https://www.investopedia.com/financial-edge/0511/the-top-17-investing-quotes-of-all-time.aspx

I like this one, and probably why I have so often been a fan of various investment strategies that have been attributed to Warren Buffet.

Quote from: machasm on Today at 11:33:15 AM

Quote from: somac. on Today at 10:23:00 AM

We're eating into the mempool, 1 sat transactions going through now.

I imagine that by the end of the day the mempool will be empty once again.
Heres hoping that Monday will start things off going in the right direction. Up!

We can ONLY hope.

Even Saylor cannot necessarily save us if the trend is against UPpity...

Help, help, help.

I hope that I am not sounding overly desperate.

Quote from: OutOfMemory on Today at 12:37:25 PM

Quote from: Gatorelf on Today at 10:09:45 AM

Quote from: somac. on Today at 09:50:01 AM

I just got back from seeing a friend. He's been in and out of Bitcoin since 2017 (lost money of course). Did the usual what about these shitcoins thing, which I dismissed as well as I could. Anyway he said he has been trying to withdraw as much equity from his home as he can for the last several weeks. Should get it in a week or 2. He then says he was going to buy bitcoin with it when it was in the 50s and now he's really glad that it fell because he's going to be able to buy much more.

He agreed with me that holding was the way, lessons from past sales learnt.

Foolish, I will say though that if you are in your 20's go for it lol... you can recover from losses in your early years and learn a lesson, not in your later years (50 +)

someone bought at $60k +, wonder how they are feeling right now

My wife bought at $60k+ Grin

She's feeling fine, because i taught her not to look at the chart for quite a while after buying. Regardless, she's #hodling so she won't care shit about this correction some years later.
Half of my buys turned to "losses" afterwards, in the long run every buy turned into a gain. This will continue as long as i hodl and the absolute top was not in yet.
Sure, i feel regretful when Bitcoin price is falling, every time. But it's because i think Bitcoin is much more worth than that and it should only go up (which it does, in the long run).

I don't want you to give away too much OPsec OOM, but I would like to ask you a couple of questions.

1) Do you and your wife keep separate stashes (or separate accounting of your stashes)?

2) You probably have answered this question before, and so goes to show that I don't really care too much about either keeping track and that sometimes we might need a contemporary reiteration of the issue (even if it might contradict historical claims/facts). Anywhooo... I would anticipate that your average cost per BTC (maybe it is different for your wife?) would be in the sub $7k range? Sure maybe I am wrong.. but whatever.. So my question would be whether on average your ongoing cost per BTC is really moving up very significantly, even if from time to time you are buying BTC way over your average price per BTC? Yeah I know that you have some ongoing projects that cause you to be regularly (maybe too regularly.. up to your discretion) dipping into your BTC stash.. which means selling considerably above your average BTC costs.. while likely reducing your overall BTC stash. Same kind of thing with your wife. I would imagine there is sometimes some BTC purchases that may well be considerably above her average cost per BTC but might not really raise the average price per BTC too greatly.. but maybe she has a bit fewer instances of cashening innenings.

3) Another aspect that your rendition of issues and considerations raises is the fact that sometimes any of us might be averaging our costs per BTC, and then in other instances we might be separately considering some of our individual BTC purchases, so I am not even suggesting that it would be a bad practice to engage in such variable ways of considering overall stash and individual purchases and also sometimes considering where to plug in certain BTC sales whether it gets accounted in terms of the overall stash or sometimes gets specifically matched up with some conceptualization, categorization or accounting of individual purchases.

Sure, lots of questions within the questions, and sometimes the raising of certain kinds of facts can both trigger areas of discussion and exploration and I surely don't mind sharing some of my thoughts and/or accounting on these kinds of topics either. Sometimes also, I might not know the answers to some of my own practices, accounting or categorizations of buys, sells or other transactions (which are largely the same thing) unless some direct questions are asked and maybe I answer such direct questions or I might avoid such questions or spin them in some other direction.. depending on whether I want to disclose anything.. again.. no need to break any opsec matters or even get into to many specifics, even though sometimes we might be able to figure out some specifics merely from having these kinds of interactions (whether real information or made-up information - aka disinformation).