Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
reminder for everyone. New weekly candle is starting with a pump. This is it. Buy or cry.
I'm broke.
A brake of my car got defective, also the lawnmower, gotta pay therapy bills (fully refunded, but later in october).
I will still continue with lump-sum spending next month, though.
This is strange OOM... You are at least a 2-3 year bitcoiner, no?
4y almost exactly.
Quote
You should have gotten your cashflow shit together by now, no?
Yes, but there are some unexpected costs this month. Once they are covered (and recovered) i can buy corn again.
Quote
I am not necessarily blaming you for both potential cashflow management issues and perhaps some feelings of necessity to draw more from your BTC holdings than what might be in your preferences, due to ongoing expenses.. anticipated and perhaps some expenses that are not so much anticipated. But you know, even if expenses are not anticipated, ideally, there should always be some anticipated of the unanticipated.. and that is why many of the more insightful of long term investors strive to keep some balance in their monies which includes abilities to draw from a variety of funds, including NOT being so overinvested in any assets that the withdrawal would be at a time that is anything other than a time of their own choosing....
There's that too, i just don't want to draw money from my BTC holdings. I just would need to buy back later at a higher price.
It's OK for me to just park money in BTC, for mid-term later use, but i already did that with the house extension and maxed out the amount.
So my BTC stash reached #hodl figures again and i will only add to it. Remember the original long term goal: 1 BTC per family member.
This month i can't add anything to it, maybe next month, depending on how things go, but the month after the next, i can add a wee portion of mBTC most certainly.
I guess now you can call me a BTC maxi
Well, it seems that I was misunderstanding some of your facts, and you proclaim that you are failing with your cashflow because you are NOT able to stack as many sats, and that seems to be a lesser sin than I thought that you were selling some of your sats.
so I guess it could be worse.. Not being able to stack during an uptrend is not as bad of a place to be, and surely if you needed to shave off some sats on the way up, that is not a bad place to be either.
Of course, if you are still in the process of reaching your target BTC levels, then sure, you should not really be selling any BTC then, just buying when you can, and sure, if you have to buy more at a higher price based on a kind of DCA schedule that got interfered with based on your cashflow issues, that also would not be as bad of a place as I had been imagining you to be.
I stand by whatever other points I made in my earlier post, whether they were based on erroneous presumptions of underlying facts or not.
buddy doing heavy lifting. a nice back to back 52 then 52.5
I think I will not do any sales today.
maybe tuesday or thursday.
I think I will not do any sales today.
maybe tuesday or thursday.
Exactly... !!! Sometimes you might end up overdoing it.
And you would not want to be doing that.
Rrrrrrrrrrriiiiiiiiiiiiiiggggggggggghhhhhhhhhtttttt?
buddy doing heavy lifting. a nice back to back 52 then 52.5
I think I will not do any sales today.
maybe tuesday or thursday.
I think I will not do any sales today.
maybe tuesday or thursday.
why sell at all?
1% $ loan against btc at 25% LTV at Celsius (you can borrow up to $2 mil).
That 1% interest is most likely deductible as well, especially if you have a LLC.
NOT a financial advice and, personally, i haven't taken such loan yet..but I also don't sell btc.
If you only have 20BTC, why would you want to sell any? especially if you are waiting for BTC to get to $10 million-ish? and also, if you believe that you need $200 million to get to fuck you status.. hahahahahaha