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Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
philipma1957
on 02/03/2023, 03:53:04 UTC






 






What would you have wanted some supposedly "trusted" person to advise you?  Something like:

"go buy 80 BTC you dumb twat.  It ONLY going to cost you less than $300 at this time, which is about $24k, and you have enough to afford it.., so go out there and make the purchase, and perhaps in 8-10 years, 80BTC is going to bring you to fuck you status."

<big snip>

I agree.  Double digits is a great foundation.

Remember a few months ago, Philip had said something like 100 BTC is not enough, and those with 100 BTC better sell some BTC and they better get into cash and earn some yield with IBonds.. blah blah blah.. .. and holy fucking shit.. now versus a few months ago is not really very much different if we look at the 200-week moving average.. and so 80-100 BTC has been in the already fuck you status levels for about the past year or even a bit longer (even though BTC prices have not really been very cooperative in the past 9 months or so).

but yeah, I agree that it does not hurt to keep accumulating, but if someone is already at double digits in terms of their bitcoins, they have a decently good foundation that may well get them to entry level fuck you status (if we are presuming $2 million as the current threshold) within the next 5 years.. but could take a bit longer depending on specifics.. and surely it would always be good to be engaging in strategies in which the BTC either continues to build or at least does not go below certain thresholds that each person determines for himself/herself .. which is just getting to the idea of trying NOT to be shaving too much BTC off of your portfolio until getting into a pretty solid situation in which fuck you status is in sight within timelines that are personally acceptable.

Noobs should immediately start accumulating as much as possible, ideally reaching 1 BTC (or more, of course).

For sure, the more that can be accumulated the better.. and be as aggressive as you can without getting reckt.. There are some folks who can easily afford $250 or more per week, but there are some folks who might really be stretching matters to accumulate $10 worth of bitcoin per week.

Always have a backup plan and always be prepared for DOWNities.

That would be don't invest more than you can lose.. which should never involve ending up overstretching oneself in order that s/he has to sell BTC at any time that is other than of his/her own choosing... so yeah, buy BTC using DCA, Lumpsum and buying on dips, so each of those strategies would be good for any BTC accumulation strategy.. including that there could be some times that HODL is necessary if you run out of money when the BTC price is going down further than expected.. .which may well happen from time to time.. especially as anyone is getting used to attempting to follow a sufficiently aggressive and assertive approach that does not go overboard in terms of causing that person to get reckt or otherwise have to sell BTC at a time that is other than his/her complete choosing.

Buy when you can, sell when you must.

Jimbo?  Is that you?

That seems to be the strategy that applies once you either get to higher levels of maintenance stage in your BTC holdings and/or into liquidation stages of your BTC holdings, but not as applicable when in BTC accumulation stages.  I surely do not suggest any selling of BTC at all while in accumulation stages.. especially the earlier of accumulation stages, so selling is not a method for accumulating.. and anyone who might establish various personal accumulation strategies, there are a variety of ways in which such accumulation strategies can be formulated whether it is to target 1% to 25% of your investment portfolio, or to establish a certain amount of BTC, even if BTC might end up constituting some higher portion of your overall investment portfolio... and surely even someone who might start out with a decently sized investment portfolio (even $100k to $500k), it could take him/her 1 or two years or even longer to get the BTC portion allocated to the target level, and someone who might start out with hardly any income could take 10 to 20 years before really feeling that his/her BTC is getting him/her to the place that s/he wants to be in terms of being able to potentially retire early or to supplement other cashflows, and surely there are folks who take 30 to 40 years to reach fuck you status (or some kind of comfortable retirement situation), and some people do not even make it to such status, even if it seems that they did everything right.. and BTC could possibly reduce the amount of time by half or even more, but likely ONLY if being prudent and aggressive in regards to how to manage BTC accumulation in personally tailored ways that do not devolve into gambling or overdoing it so much that there is not sufficient guards in place to protect principle (also known as employing decent risk management strategies).
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For me to be in FU status today I need about 110 coins