Quote from: Dictator69 on Today at 06:19:56 PM

Quote from: JayJuanGee on Today at 12:35:38 AM

I am not complaining, and I am saying that the Bitcoin portion of my investments are up right around 26x based on my use of $1k as my ballpark way of estimating my cost basis per BTC.

Ok, I got the answer here. Well, all I can say is no one can actually time the market. As you said you will be in more profit if you would have bought BTC at the price of $500 instead of $1000 (average). And I am glad you were save from all the scams occurred with those mentioned exchanges. I think you are a man of not become a scam victim to exchanges instead only to yourself or your decisions.

Your phrasing of this sounds weird because I had actually gotten my average price per BTC below $500, but the mistakes that I made along the way, had caused the average price per BTC to double... so it is like losing half of your stash, and if you had gotten 4.2 BTC for $2,100, so your average cost per BTC would have had been $500, but when you end up losing half of them, the total costs may well have stayed in the same ballpark, but the quantity of BTC ends up being 2.1 BTC rather than 4.2 BTC, and so therefore your average cost per BTC ends up being $1k per BTC rather than $500 per BTC due to mistakes that were made.

Quote from: Dictator69 on Today at 06:19:56 PM

Quote from: JayJuanGee on Today at 12:35:38 AM

In recent times, I have been admitting to having at least 0.63 BTC, but in the future, I might have to change the amount of my admission.

I thought you will not share how much BTC you have because people will start to judge you but I think you do not care about them. Well, I hope you will get the target of 1 BTC soon.

In the first few years after I got into bitcoin it seemed that quite a few guys wanted to try to get 100 BTC, but at some point a common BTC accumulation target became 21 BTC, and then it got down to 10 BTC, and then recently even 1 BTC was seeming unattainable by a lot of newbie normies, so many times many forum members were talking about setting BTC accumulation target levels that were manageable and symbolic, so that is where 0.21 BTC comes in, and my claims (admissions) of having more than 3x the amount that some newbie normies were trying to reach for their beginning BTC accumulation target levels.

It is already starting to make sense to start talking about these BTC accumulation level targets in terms of satoshis, whether the goal might start out to be 1million satoshis, and then maybe become 21 million satoshis and then maybe to shoot for higher levels after reaching those amounts and then considering bitcoin whales as those persons who have more than 1 billion satoshis.

Quote from: Dictator69 on Today at 06:19:56 PM

Quote from: JayJuanGee on Today at 12:35:38 AM

So if we might feel that we need $3,333 per month in passive income, then we might need to have $1 million of net worth, and sure that networth could be in a variety of different asset classes, and I was considering creating a thread about those kinds of cashing out concerns, but I was thinking about using 21 BTC as the starting

I would love to hear the plan but I doubt if anyone here having 21 BTC would care to act on that plan but still by sharing plan you might get to know a lot more from other members and members like me could also learn from it. But the invetment is huge here (21 BTC). There must be huge number of people here who might have 21 BTC or dollars worth 21 BTC at the current price.

Yes. I have already created some variation of that kind of a table for myself.. and I am just considering how to post that information and to put in the hypothetical 21 BTC (and I am thinking about using January 2021 as the hypothetical start date.. even though maybe it might be better to have it as more of a contemporary chart that can be built upon from a more recent point in history) and to discuss how to spend the BTC contained therein in a kind of sustainable manner based on movements actual BTC price relative to how the 200-week moving average changes.. .. and probably I would prefer to have a new thread.. .rather than putting that in my BTC investments ideas thread.

Once I decide how to put it together and to post it, then maybe i could provide link here.. but it is going to be more able sustainable selling. which this thread is not talking about. .but it is likely that many of us participating in this thread are building up our BTC stash in order to be able to later be in a position that we can live off of our BTC in a somewhat passive way, even if the BTC accumulation level target points will likely be different for each of us and also it could take some members 10, 20, 30 or more years before they get there.. and maybe some members will want to get there way earlier than their quantity of BTC holdings would justify... but of course, individuals choose what to do and when to start, even if they might end up making mistakes with how they end up carrying out their plans.