I would not characterize myself as much of a techie.. and sometimes the techies get caught up into shitcoins because they find the shitcoins to be more flexible in their programmability.. .. so I am not sure if techies get bitcoin earlier than others, even though they likely have a lot of advantages in terms of understanding ways to protect their stash.. but even some techies can get caught up in their own tech and screw things up which seems to have contributed to how Luke Dasher had ended up losing around 200 BTC last year.

When I came to bitcoin, I had a bit of a mindset in which I was wanting to hedge my already existing 20 years worth of investment, and I was kind of looking at "gold-like" hedges... so I had already established an overall investment portfolio that I had considered could overall sustain me if shit were to hit the fan.. so by the time that i was in bitcoin for a year or so and I had gotten to the point that bitcoin was around 10% of my overall investment, I still considered that the other 90% of my holdings could largely support me, if shit were to hit the fan.. .. so I was willing for that 10% to potentially go to zero or to merely equally perform with the other remaining portions of my investments, but another thing is that I thought that even if I were to build up my bitcoin (and potentially other new things that I might end up getting into) that it still could take 15-20 years for those supplemental investments to reach sizes of some of my other holdings within my already existing investment portfolio,

....and I was kind of wanting my bitcoin to come up to a size that would be similar to my 401k investments, so then I suppose I might have been considering some kind of ballpark appreciation that might by 30/30/30... with bitcoin serving one of the 30s.. but still potentially taking 15-20 years to get there... but instead bitcoin largely ended up reaching it's 30 part of the bargain within a few years.. I mean largely by mid-2017, the bitcoin had already reached sufficient appreciation that it was right around 30 with BTC prices around $3k or so.. so bitcoin prices went up and down in 2017, but even the correction back down to $3,100 and then mostly bouncing around between $5k and $9k for most of 2018, 2019 and even quite a bit of 2020 (we did not really get over $10k and stay there until the end of 2020.. something like mid-October).

Even with all of that volatility, there seemed to have been little value to be fucking around in terms of trying to get in and out of BTC in order to try to build the size of it.. Bitcoin was building its own size merely by my ongoingly attempting to take more of an incremental, measured and paced approach to it... and really there does not seem to be anything within bitcoin's current dynamics that should cause anyone to believe that its investment thesis is weaker today than it was in late 2013 or even 2014 or 2015.. and in fact bitcoin's investment thesis seems to be stronger than it was 8-10 years  ago, even if there might not be as much upside.. but why do we necessarily need to have 100x increases in our portfolio size in 5 years in order to be able to plan around likely (but not guaranteed) ongoing UPpity that is likely is going to continue but we cannot be sure how exactly it will end up playing out.. but we can still create and put into practices our own strategies that attempt to prepare for a variety of scenarios and even outline for ourselves best case and worse case scenarios while at the same time attempting to put more energies into the more base case scenarios even if we are also attempting to prepare ourselves psychologically and financially for the worst and best case scenarios at the same time...

It does seem to be quite possible to prepare for a variety of scenarios at the same time, which partially has to do with ongoing balancing of allocation levels... even while maybe trying to be somewhat aggressive with our bitcoin approach without crossing into being too aggressive that might cause us to get reckt (or to lose BTC that we would rather not lose.. but instead to keep building the BTC portion, even if sometimes it might feel like such building is going slowly).


Thanks, and surely just attempt to ongoingly practice. I make mistakes as well, and sometimes I don't learn and make similar kinds of mistakes.. and there may or may not be opportunities (or relevance) in terms of which mistakes to talk about... oh and also some aspect of bitcoin remain difficult for me in terms of changing wallets and choosing wallets and sometimes changing security practices, so you will likely continue to see me ask questions, in this forum, about some of those kinds of practices, and even seemingly smart people are changing their practices or learning code.. which I don't claim to know very much about some of those things, so there are areas that I might end up either neglecting and other areas that I feel more inclined to work on, including some bitcoin-related projects that I plan to do but I don't always get to them in a kind of fast way because there are other balances (or competing activities) in life too.


I had seen some other threads on the topic, so it is an interest area that I have, too.