Quote from: sirazimuth on Today at 06:05:11 PM

Quote from: True Myth on December 10, 2023, 11:03:24 PM

...... Thought this might be a helpful point of view for others who did not start buying BTC at $10 a coin.

I didn't start buying at $10 a coin. I started mining at around $250 a coin . But regardless, had I bought several at $10 a coin,
(Oh how I tried, but gave up in the end...skeptical, scams etc...)
I, like most other sane folks (who did the same but succeeded), probably would have dumped most, if not all, at $100 a coin. And would've been quite happy about the profit.
(then shortly thereafter, kicked ourselves for not being psychic)

There are not too many forum members who started to buy in the $2-$32 per coin arena.. or even other times in which the BTC price was below $32..

Even starting in 2013, the BTC price was still returning above $32, but then did not get back down to that price, even though it went up to $263 in early 2013 and then corrected back down to the upper $60s and then spent a bit of time in the $80-$120 before it shot up to $1,163 in late 2013 and then corrected back down into the $200s at the end of 2014 and stayed there for most of 2015... so yeah, maybe some of the folks who were in the forum in 2012 might have been able to get those sub $32 coins, and at the same time does it really matter, because there are some forum members who were into bitcoin kind of early, but they did not hang onto their coins.

So surely the lower your average cost per BTC, the easier it is to see the exponential nature of compounding effects, in which the value is compounding upon itself... and maybe we also have to end up going to average cost per coin, even though surely some folks do end up messing up this average cost per coin calculation by completely selling all of their initial investment and then proclaiming that they are only invested into BTC with "house money," which may even play out as a kind of whimpy way of being into bitcoin, even though I have also proclaimed that I have as much cash floating around that is the same as the whole amount that I invested into bitcoin, but at the same time, I also proclaim to have right around $1k (or maybe $999) per BTC as my costs per coin, and also I proclaim to have right around triple entry-level targets of bragging to hold more than 0.63 BTC.

$10k per coin is not exactly seeming as cheep as $1k per coin, but surely some of the guys who are in the middle with $3k to $5k per coin (that would have had been mindrust coin costs if I remember correctly), so surely the lower the number, the easier it is to see the BTC price go up as much as your average cost per BTC. which I suppose is a kind of compounding to the extent that any of us can keep track of these kind of matters.

Another thing is to attempt to do the best that we can, and if we are in the earliest of days of BTC accumulation, it is not like we can turn the clocks back, and we have to deal with the facts in front of us, and surely anyone accumulating BTC in the past 1-3 years is even feeling pretty good right now, and of course, the longer you have been accumulating the better, but at the same time, at some point we get to a stage in which we might start to conclude that it could be that we mostly have enough BTC... and we move from our accumulation stages and into our maintenance stage, and sure we might not completely abandon BTC accumulation, but we are able to look at BTC from a new perspective based on our own consideration that we have crossed from BTC accumulation and into BTC maintenance.

How many BTC is that? what is their average costs per BTC? Those are both considerations for determining are we yet ready to transition from our BTC accumulation stage and into our BTC maintenance stage.