Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Zeunerts
on 13/02/2024, 12:43:28 UTC
⭐ Merited by JayJuanGee (1)
You need to UP your posting game Zeunerts.
Anyhow, so back to the question about you, Zeunerts.  What was your 2013 and 2014 experience like?  What were you doing in regards to bitcoin during that time?
I had a change of nickname recently. I have actually written part of my history previously on different occasions. But I will try to summarize again.

The biggest regret is that I actually heard about bitcoin before 2013 and thought about mining it, but didnt. Its easy to say in hindsight. And its also not sure that things would have played out better, maybe I would have sold early(?).
But I stumbled upon bitcoin once again end of 2013, most likely because it was getting attention because it was getting closer and closer to 1000 USD. I found this forum and spent several nights reading and reading. I remember SlipperySlopes S-Curve.. rpietila etc. Then I made the decision to invest (avg 650-700USD/btc), a big part of my savings (I know, young and stupid). But I would survive without it. Spent the coming years in great loss, didnt sell any.

Made my next mistake by selling some in the 2017 bullrun, early. Experimented with shitcoins and ICOs etc. In summary though, I did better than most, I have probably more BTC thanks to that.

Going through everything from 2013 until today is quite the ride, all the ups and downs, all the china bans, declaring bitcoin dead 4716 times..
Since then, I have converted everything to BTC and tried not to touch it too much. If things play out well in the coming years, I will sell some - not too much. Its getting more and more scarce/valuable..

Yep.. if you sell some, then only you are in a position to know if you have enough that you can start to shave some off without regretting it, which apparently happened to you in 2017, and so maybe you are in a better position to figure out some kind of a way to shave off in a way that is comfortable for you. .which is something that I try to address in my sustainable withdrawal thread, and bitmover has made a tool in which we try to put those ideas into a format that guys might be able to use when they start to feel that they have enough BTC.. but then if you are not really into sustainable withdrawal then you might be more into raking your bitcoin profits, which is another attempt that I make in this post terms of framing some tools for that in which I created an Excel spreadsheet and fillippone had linked a GoogleSpreadsheet version for guys to plug in their own numbers.

Yeah, I have already seen most of those tools, thanks! Not sure which way I might go, but the general idea is good, and to have a plan going in to the next bullrun is good.
I have no plans to live of my BTC just yet (monthly withdrawals). I have a good enough income to use for everyday life, bills etc.