Yeah, you don't lose if you don't sell, and that would be especially true if the kid was able to distinguish between bitcoin and crypto, because who the hell knows what he was investing in if he was referring to his investment as "crypto."

Another thing is to have enough conviction to continue to buy during the rougher periods, so anyone who got into bitcoin prior to May 2022 could be in profits by now, but would not necessarily be in profits by now if he might have front loaded his investment.  Let's say that he bought $50k worth of bitcoin in early 2022, so he bought somewhere in the upper $40ks, and surely if he bought at various points in 2022, he may well have been paying in the $50ks or even in the $60ks, so if he might have continued to buy over the next year and a half... so then let's do it...

Let's say that he bought 1 BTC for $55k (around the November 2022 ATH ) and then he continued to buy around $500 per week for the past two years in order to end up matching his initial front loading with another $52k and around 2.132 BTC.  So then he would have had invested $107k, and he would have 3.132 BTC ($118,390) which is right around 10% in profits based on current prices...

If he did something like that, then he would not be in a bad place, and sure of course, we could tweak the numbers and the timelines, but it seems to me that most times, the longer that any of are in BTC then the more likely we are in profits, especially if we emphasize accumulate and hodl through buying and not fucking around with either shitcoins or selling as a technique to accumulating more BTC... especially not beginners who are buillding their BTC stashes.


Yeah, it is appears that my HypoPhil is much more stringent in the ways that he sells his BTC, and of course there are ways that you can tweak the formula to sell more at specific times, such as not selling anymore than 50% upon a doubling.. but maybe even selling more than 25% if you had more longer term expectations, so it is more difficult to blame you for some of your concerns about holding too much BTC, and so maybe it still bothers me when some members blanketedly compare us, and it seems that I am employing my system quite a bit more more strictly than you, and even though I got into bitcoin in 2013/2014 rather than your earlier 2011/2012 dates, feel that I was never held back from significant consumption through each of the years and even starting in 2016, I was barely in profits with my BTC, but it seemed that my consumptive levels were going up.. and I have had some pretty decent consumption periods most of the years, but I did gravitate towards some deferred gratification and deferred consumption in 2022.. .. which kind of carried into early 2023 - even though I could have been consuming more, and even within my 1% per quarter of my BTC holdings, but I chose to under-consume during that time.

But yeah, if you have been consuming your BTC in amounts that are more than 4% to 10% per year and maybe even not attempting to figure out your consumption levels based on how far we are from the 200-week moving average, then you may well would have had been overly consuming from time to time, including but not limited to 2022.;. but those are measure and balances that you would need to figure out.