Any OG who are like @philipma1957 are incredibly advanced for boomers.
Apart from a few boomers posting here...only 4-6% of people after 64-65 are into bitcoin (I read it somewhere-no source).
I am fine with his diworsification, albeit, disagree that litecoin tech is superior in any sense. Litecoin is a derivative, a copycat..silver to gold, so to speak.
Changing the whole 401K into bitcoin would have been incredible if done 10-11 years ago. I converted only 10% or so of my fiat resources into btc a while back.
Would it been better if I allocated 30-50%..sure it would be, but as Michael Saylor said: "I could have bought bitcoin at $100 when I [MS] first noticed it, but I bought it at $10000, when I needed it". Everyone pretty much buys it when they "need" it, either physically or intellectually.
I also understand the @JJG point about buying (or not buying i-bonds). There were other, much simpler ways to get interest last year, like money market funds, which are liquid, while i-bonds are not.
I think @philipma1957 is diversified (from what I gathered). Yes, maybe buying i-bonds when btc was at the lows of around $16K was ill-advised, but everyone only know it by now, not back then. Besides, Phil is doing the "work" for many of us (including myself) who is not currently mining, but verbalize about bitcoin.
@philipma1957-what is the Th value/power of your mine, if calculated back to just yourself?
Enough of JJG saying I sold at 16 k
I sold at 23.6 k in Aug
I set up a DCA in Nov thanks to JJG!
I set up ladder buys in Late Oct
My ladder buys of BTC kicked in last Nov
So I did buy
BTC at
*20.8 k on Nov 4
19.7 k on Nov 8
18.3 k on Nov 8
18.1 k on Nov 8
17.8 K on Nov 9
17.2 k on Nov 9
16.9 k on Nov 9
16.1 k on Nov 9
15.9 k on Nov 9
15.7 k on Nov 9. this was the best price I got.
*16.7 k on Nov 11
* 16.6 k on Nov 18
15.9 k on Nov 21 this was a bigger piece
* 16.5 k on Nov 25
16.6 k on Nov 27
* 17.0 k on Dec 2
* 17.2k on Dec 9
17.0k on Dec 12 this was a bigger piece
*16.9k on dec 16
16.8k on Dec 17 this was a bigger piece
16.7k on Dec 17 this was a bigger piece
16.8k on Dec 17 this was a bigger piece
16.8k on Dec 17 this was even bigger piece
16.4k on Dec 19 this was a bigger piece
*16.9k on Dec 23
*16.6k on Dec 30
My sales stopped on Aug 17 last year price was 23.6k
and a sale in June for 21.7 k
plus seven sales in May at 31k to 38k
those BTC sales allowed for the purchases in Nov and Dec.
As for value of the mine. It is setup and runs at a profit
zero debt on it.
JJG simply does not speak that accurately as to what my BTC sales and buys were for last year. Especially the sales.
The lowest sale I did was for 21.7k price pointI am not going to go back and check your posts.. so I hardly give too many shits.. but thanks for providing some details.. that may or may not end up supporting my suspicion that you sold more than you were able to buy back..and I had not even been claiming to know exactly, even though I suspected that you were not able to buy all of it back.. but surely I don't have any concrete information beyond suspicion, and not that anyone is going to reveal those kinds of details.. .. and expecting others to be able to achieve selling below the 200 week moving average and being able to buy back what they sold is risky (gambling) at best..
And, just to get some matters straight, I was merely saying that you had sold in the $20k range or below $20k and that you largely refused to buy back because you were waiting for lower prices (yeah I knew that you were doing DCAs all along)....
(and you are embellishing for sure when you are suggesting that I had ever asserted that you sold BTC in the $16k price arena.. even though surely I accused you of both pumping IBonds and refusing to buy BTC in that price range.. which surely must be the case, because I accused you of doing that while you were doing it and while BTC prices were in that $16k price arena) because you were both hot and bothered to use funds to buy IBonds and you were bragging about your sales in the $20k territory and your recommendations that IBonds were the best thing since sliced bread. I don't claim to know your specifics or even to believe that they are that relevant in terms of what you did versus the better of practices overall, including that newbies should have been buying BTC during that time rather than IBonds, and if you had not noticed,
the 200-week moving average was approaching $22k in May 2022, and it was passing through $24k (in the UPward bound direction) for most of November/December 2022 & January 2023, even though the BTC price spent a lot of time below the 200-week moving average for nearly 8 months between June 2022 and February 2023.
What's the point of content nobody can read? (I mean aside from humour, right JJG?)
¡¡¡¡¡¡¡Korectamundo!!!!!!!!There are some zingers that some of us might throw into a quasi-serious post merely for the potential humor that perhaps no one gets beyond the poster of such contents.