Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
philipma1957
on 10/01/2023, 02:17:53 UTC
you guys just jelly that i am taking advantage of this range day trading scooping up more btc with each wave.  Cool



I am picking up btc every fucking week time after time.

and I did buy more with three dips 12x

then I did with the dca 10x

the dca takes all pressures away.

and allows you the ability to always accumulate coin each and every week.


my dips buys were 15.7 ,15.9 ,16.2

and I do more coin accumulatation via mining coins than buying coins.

I did dip buys of gear and dca of gear since sept 15.

I added 9 miners

4 via dip buy
5 via dca buy


I plan to add more gear this year.

frankly fiat price of the gear so far was way more than 22x fiat units of btc.

over 10 fold units fiat  were spent on the gear as compared to buying btc outright.



so minning has gotten you a better avg price then DCA?

in a way minning is like forced DCA'ing.. interested that you've done both.

Actually if you can create proper power price for your mine.

You don’t lose money you simply make less when prices are low.


Now proper power price creation at the megawatt level is hard.

We are up to 300kwatts of ‘free’ power.

we have 175kwatts of gear.


I can’t lose money money is not quite true but more true than almost anyone.

Does it mean I am wealthy no.

As the ‘free’ power creation is really hard to do.

We have been working at do it since 2015. we are now at the max we can create at the locations we have.

300 kwatts an hour if it was 10 cent a kwatt is 30 dollars an hour. or around 720 a day or 21600 a month.

now actual power value is about 5 cents more like 10800 a month.

doing mining we are somethings splitting 30000 four ways.

or 5000 four ways each month.

so when times are whaling i made 7500 a month and when times suck I make 1250 a month.

So right now times suck I can do various things with my share.

I buy BTC via dca and I add gear.

Now I get tax breaks adding the gear and we are not filled up so I dca the gear more than buying the BTC.

yeah i could lose money if coins tank to zero.
if the gear gets wrecked in a flood or disaster.
but mostly I am always in a safer space then you will be via trading.

but you have a bigger upside or downside than i do.