Quote from: Ambatman on Today at 08:39:54 PM

Quote from: JayJuanGee on Today at 08:32:32 PM

I hope that you are not currently in a loss (on paper) With your forum registration date being April 2023, it surely could be the case that you are in really early BTC accumulation stages.. so even someone who started accumulating BTC at $106 per week since the beginning of April 2023, would have had invested about $8k and would have accumulated right around 0.2 BTC (which would be just shy of $11k at current BTC prices).. so still seems to be in profits... at least for the moment.

Nope not really
My major Holdings should be around an average of $42K now.
Can't really tell since the last time I bought funds there never did check it out.
While my let's ride this bull run stash is around $54K
Was higher but fell since I bought quite a sum around $51K
I don't even know the average of my campaign holding, but really bothered about it much.
Maybe will start been anxious if Bitcoin hits $40K.

Of course there are various ways to calculate parts of your stash to have sub-averages and you can also calculate overall averages of your stash at various points of time too. .. and yeah if you have portions of your stash in different places, you might create your own formulas in regards to either how to calculate the matters and/or what you consider to be relevant.

Maybe also in your beginning years, you might not be as concerned about whether or not your stash is in profits or how much it is in profits or in the red, and even if you get to a status of starting to cash out, you might also start to consider other formulas as well.. and even with my own stash, I generally like to consider it as having right around $1k per BTC for its costs, so I can get some general ideas regarding where I am at... yet if I want to drill into analyzing certain sub-parts of my BTC stash, I may well come to differing calculations for that sub-set of my BTC stash.. .. so for example all BTC acquired through x, y and z means. Or all BTC acquired between January 1, 2016 and June 30, 2019.. or some combination of those categories... There could also be a categorizing all coins accumulated within a certain price range, though it seems to make less sense to characterize all BTC within a certain price range rather than a certain set of dates, even though there could be reasons for categorizing BTC buys in a price-based kind of a way.

Quote from: OgNasty on Today at 09:04:15 PM

Quote from: JayJuanGee on Today at 08:32:32 PM

Quote from: OgNasty on Today at 07:02:26 PM

We’re getting there. The leveraged longs are getting crushed and people are starting to panic. I imagine the selling to cover taxes from the mtgox distribution is nearly over. Maybe another month. From there it should be good times until more forced tax selling come April. Close your eyes for the next month if you didn’t sell at $70K and if you did sell at $70K in preparation for mtgox and you missed the $49K bottom, cross your fingers for a second chance.

Second chance for selling?

Wow just wow..

You really seem to be fiat-focused, and looking at 20% to 30% BTC price differences as if they were meaningful in the whole scheme of things. I have my doubts about traders being able to get ahead in these matters, as compared to someone who just accumulates and/or HODLs rather than getting worked up in a belief to be able to trade these kinds of price ranges.

Second chance for buying the bottom. I was speaking to the people who listened to me and sold at $70K pre-mtgox.

People who listened to you...

Oh gawd. Sometimes you are pathetic with your ego or at least you might have a little bit of a less arrogant way of framing the topic - though you seem to have difficulties being able to help yourself.

Quote from: OgNasty on Today at 09:04:15 PM

You seem in complete denial. While I constantly push diversification (because I’m not a moron) I am still irresponsibly long on Bitcoin.

I am in denial about what? Your supposedly being right and being able to foresee the future?

Many guys here are not trading or wanting to get credit for being supposed bitcoin price soothsayers, as you seem to want to be within such guru status.

You are suggesting that smart guys are traders, so they are going to have more BTC as compared to the ones who are largely just buying or perhaps the ones who are just holding after they calculate that they have enough.

Even if you seem to have difficult times appreciating that likely there is a certain value in getting towards a point that you have accumulated enough BTC or more than enough BTC, so that you don't have to try fucking around with selling in order to buy back cheaper when selling to accumulate bitcoin tends to not be a very good practice if your goal might be to accumulate bitcoin.

Buying to accumulate seems to be a more solid strategy, so you can do what you like if you want to sell in order to accumulate, then that is your choice, especially since it may not always work out so well, yet you don''t seems to be the type who is capable of admitting the times that it did not work out so well since you are so busy being perfect all of the time.

Quote from: OgNasty on Today at 09:04:15 PM

I’m sorry if you just took a 30% haircut on the value of your BTC. I didn’t. I own more Bitcoin now than I have in 6 years. I also have more stock and more cash. That’s how it’s done. If you aren’t sitting on personal all time highs in Bitcoin, real estate, stocks, and cash, maybe you should stop criticizing what I’m doing and worry about yourself.

First: I stand corrected for my reading your "second chance" as an opportunity to sell BTC when you were talking about an opportunity to buy BTC, yet I suppose either way, we are still referring to your wanting to tout your supposed trading skills that are not likely to be replicable.

Second: I doubt that I am competing with you, yet sure, maybe I am competing with some of your ideas, especially when it comes to your seeming belief that trading BTC is how you make profits in bitcoin, and even your suggesting that whatever bullshit BTC trading practices that you are promoting are replicable. It seems that the main way that you are suggesting replicability of the strategy is that guys are supposed to follow what you are doing or to learn whatever supposed guru trading techniques (and tips) that you are suggesting to be straight-forward to make more money than if they had merely just bought and mostly held their BTC.

There should almost be no reason that a guy in your situation (in terms of when you got into the forum and supposedly bitcoin) should even need to trade BTC if he would have had merely been accumulating BTC all along the way until the point that he got enough and/or more than enough BTC and not fucking around with trying to accumulate BTC through trading rather than the more straight-forward buying of BTC techniques...

And, even if we don't go by your beginning forum registration date in June 2011, and maybe we could suggest that you fucked up and you did not realize the power of bitcoin until nearly 2 years later, so then you got more seriously into bitcoin in May 2013 rather than June 2011, and so even if you had invested $100 per week of bitcoin per week since May 1, 2013, by now, you would have had invested nearly $60k, but you would have 70 BTC. I don't see why that would be a bad place to be or why you should feel some justification to trade BTC in order to try to get more of it and at the same time putting your BTC holdings at risk. So that would be around 60x in profits. Are you trying to suggest that you did better than 60x in profits with whatever trading bullshit that you have been supposedly practicing over the past 11-13 years?

Third: Regarding my own situation. I have frequently suggested that in regards to my bitcoin, I had largely gotten to a place in which I feel comfortable that my average cost per BTC largely floats in the ballpark of $1k per BTC, so surely in the November 2021 peak of $69k, I was around 69x in profits, and so when the BTC price dropped down to $15,479, I was ONLY about 15.5x in profits, and so at our most recent ATH of 73,794 in March 2024, I was nearly 74x in profits, and so now my holdings are back down to right around 53.5x in profits. Do you really believe that someone like me needs to try to trade his BTC holdings when they are greatly in profits in order to try to eek out more juice and put my holdings at risk?

Of course it makes a difference if I were to hold 0.63 BTC, or 5 BTC or 20 BTC or 70 BTC or 200 BTC or 536.45219917 BTC or some other quantity of BTC, since there is a bit of a multiplier affect with more BTC, even though the percentages are the same.

Even if the price performance of your BTC holdings have beat the price performance of my BTC holdings (which I largely doubt based on your own seeming desires to want to ~~gamble~~.. I mean trade.), do you speculate that your supposed outperformance (if such a thing were to be true?), should influence me to change my strategy, since my current strategy, from your point of view is not good enough? I get the sense that arrogant stupid-ass wanna know everything gambling personalities like yourself seem unable to acknowledge the overall superiority of a more conservative non-trading approach, especially in something like bitcoin.

And, yeah it seems a bit difficult to believe that after being in bitcoin space for about 2.5 years longer than me, you still seem to have some troubles recognizing and appreciating the investment angle for bitcoin, and you seem to want to show off as some kind of a wannabe know it all for your supposed trading acumen and your supposed abilities to identify BTC price-moving significant events.. and you want me to instead thank you for your charity and good will for sharing many of your supposed alpha trading insights with unappreciative folks, such as yours truly, participating in this thread.. Sure, this is a public thread, yet you seem to want to argue about how your vague and always better trading techniques are better, too.