Quote from: Troytech on Today at 04:26:38 AM

Quote from: JayJuanGee on February 28, 2024, 10:15:14 PM

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Thanks for giving a more in debt explanation on this, honestly I mostly confuse myself with each of them and I find myself interchanging them in sentences not really having the idea on what I am saying, but I think I'm all good now.

Floats can just be seen as disposable funds that are used for expenses, and this expense could be anything that we like, I could also use it to buy bitcoin if I don't have anything to do with it, so most times when I was referring to cutting down my expense to invest in bitcoin I was actually using a portion of my floats.

Float could be loosely allocated, or not allocated or even kind of holding a bit of a cushion, and there may be times in which you keep more float because you have more uncertainties about your various costs for the month, but once your uncertainty is resolved, you might be able to dedicate your float to something like buying bitcoin or going to the movies or maybe buying a steak rather than a sandwich.

Quote from: Troytech on Today at 04:26:38 AM

Reserves are more like that extra cash you keeps in case opportunities come in bitcoin, maybe a dip or some unexpected event, but I was also thinking still in the case of front running that if it price begins to fall suddenly and I've already used up most of my buying funds for the front running then I could fall back to my reserves to buy on those lower prices to balance my total buying average.

Yes... I tend to think of reserves as various kinds of funds that you might have that might be specifically designated for certain things, but since you had not spent it yet, you could change the designation, depending on how strict you are in terms of your own priorities. you could even specifically separate some of the cash if you were to strictly know that it is for bitcoin, but you are not sure if it is buying on dips or if there might be some other condition that you are not sure about, but you put it in a separate fund because you are dedicating it to bitcoin, yet since you had not spent it for that purpose, you could always redesignate it if some circumstances were to come about to meet your reason to redesignate those funds... so yeah you could be strict or general with your reserves and they are available for various kinds of spending and perhaps even presume that your emergency funds are solidly in place.

Quote from: Troytech on Today at 04:26:38 AM

I understand that emergency funds should not be touched unless in cases of emergency like health challenge and all that and it's good to have quite the size of emergency funds like up to 3 moths of allocation or 6 months of allocation to meet up with our investment size.

Loss of income too... Sure some folks have pretty solid jobs, and they might even have back up work that they could do if they were to lose their primary source of income, and there could be some reasons that you lose your income and you are not able to regain it.. and yeah that might be a health situation or something like that.

Quote from: Troytech on Today at 04:26:38 AM

Quote from: JayJuanGee on February 28, 2024, 10:15:14 PM

Quote from: Troytech on February 28, 2024, 08:11:40 PM

but nevertheless I am still watching the price and I think we might have a new ATH this year and there are some times that bitcoin also never returns to previous prices and if that happens I would be on a very positive profit on my portfolio.

We are already well into noman's land, so it would be difficult to presume anything other than the ATH being imminent.. and no man zone is between about $55k to $82k.. so the whole price area of no mans zone should be considered as imminent.. even if it might end up taking a bit longer than expected to play out.. In other words, we do not tend to hang out within 20% (in either direction) of previous ATH prices. Do with that information whatever you like.. because none of us know, but we should not be surprised to pass straight to $82k, or maybe we bounce around here in no man's land for a few weeks.. .. but either of those scenarios would be relatively short periods hanging out in no man's land.... and yeah, sure some other variation could happen.. but I would not get my expectations up too much for some other scenario... absent some kind of strong evidence in that direction.. .. .

This are some new terms to me, hope you wouldn't mind giving a more in depth explanation to this new set of senerio and knowledge.

None of us really know.. but generally if you look, back at bitcoin, it tends to move straight through the previous ATH price area that is right around 20% on each side of the old ATH... so yeah, we cannot count on it.. .. but it seems pretty dumb to be trading and/.or selling in these price areas and/or expecting the price to drop.

But surely we came into this no man's zone with a bit of passion.. so when the price moves fast, then it might be difficult for the buy support to keep up and to keep the price going up... but who knows.. we have so much ongoing shortage of BTC these days. .and a lot of demand for BTC on a daily and ongoing basis... so even if there are price drops, it seems that the price drops might not be able to last for very long.. but who knows? we cannot say any of these kinds of things with high levels of certainty.. because even if something has high certainty.. like 65% or 70%, it still would end up having 30% to 35% uncertainty... so low certainty outcomes happen all of the time, but then when we get to $82k, some of us might say, "I told you so".. even if we cannot really be sure about how long it is going to take and/or how many corrections there are going to be along the way... it is kind of like a feeling.. that may or may not end up playing out correctly in real life.