Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Dictator69
on 23/09/2023, 05:05:28 UTC
⭐ Merited by JayJuanGee (1)
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.
I did not meant to rephrase things, but I got the point, we all made mistakes on we regret later but also learn from them too and by time we don't make those mistakes anymore, I don't know what mistakes you made that yours stash become half, but the suggestions you have made to me, emphasize the importance of emergency funds and you have always mentioned that, it means, you must be stuck in some that kind of emergency state. I'm just assuming. I hope you will not mind.

PS: I am actually quite late to reply, the problem is, my laptop was not working due to some exceptional errors and some blue screen issue. So, I have to use my old one and I just swapped the hard drives so I could access this account back. It is hard to read and make replies to you, that's why I thought I should wait for the laptop. I hope you won't mind late replying.

hehe, this laptop works directly, and during writing this reply, I mistakenly unplug the charger and end up losing the reply Which I wrote at first, Now I am writing it again. Unfortunately, the last reply was not saved.  Lips sealed

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.
That's because when you must have started the price of BTC were lower and people must have set higher BTC targets just because they can really buy them easily, but in relative to that, it is quite hard to accumulate 100 BTC for a normal person. That's why people are now talking in satoshi, they know they can not deal in BTC terms that's why.

You emphasized the importance of wishes getting expand, I recently read a topic in economic section, where the OP was conveying the message that, one must not fulfill his wishes that are so unnecessary instead they should invest that fund. But I think, if a person have a wish to not buy something or waste money on unnecessary things instead he wish to invest more then I think he should not ignore that wish.  Wink 

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. ..............
I will be waiting for that link, either this thread is relevant or not, we can at least share the links I hope.