Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 26/06/2021, 17:20:06 UTC
⭐ Merited by LFC_Bitcoin (1) ,vapourminer (1)
Someone who was here since 2011 has got to be a whale, maybe even a 'blue whale', unless they were into some "other" stuff early.
It figures.

vapourminer looks at his join date

*cough* or just stupid *cough*

He's ONLY presumptively a month richer than uie poo-ie.

im sure there are some from 2011 that are VERY well off. im also sure a lot of peeps from that same period crashed and burned HARD during those wild days. seriously fun times. paid my dues in lost coins, scam projects, failed hardware, failed wetware... you get the picture.

From what I have heard from you over the years, vapourminer, you have had some of the UPs and DOWNs that a large number of early entrants would have had, but I bet that on average, you are doing pretty well in terms of having maintained some stick-with-it-ness in terms of BTC. 

Sure I am not going to presume your BTC level of aquatic life category, but it would seem that a lot of early entrants to BTC probably were not able to hang onto their coins, and sure some of them got into shitcoins too, so they may have made money by scamming others or they may have lost it too since they ended up getting distracted, but I would think that even any member that hung onto Big fish or dolphin level of coins should not be presuming that too many mistakes were made because a kind of core level of coins were held onto.

Dancing around OPsec, but once we are able to reach a certain number of coins, sure we can spend and shave off from some of those coins along the way, but at the same time, each of us should attempt to establish the hanging onto a certain number of coins too. 

I will say even for myself, I have had some times in which mistakes were made - but I have retained some ongoing efforts to attempt to hang onto a certain number of coins (and sure that number of coins that I have been striving to hang onto has been adjusted through time), and a lot of this also brings us back to Gresham's law considerations, and if we are keeping some value in other kinds of assets (presumptively some of that is liquid, such as cash), then we should be attempting to figure out ways to spend from the other assets before spending from our bitcoin stash, especially when we seem to be in a dippening kind of stage..

Of course, if BTC prices are in an upwards and exponential price rise period, we might be able to carry ourselves a bit more like drunken sailors and perhaps end up spending a bit more of our BTC stash up to amounts that are within our consideration of how many coins that we are ok. with shaving off before going back to spending our less valuable assets/currencies such as cash.