Quote from: Biodom on September 15, 2024, 10:45:21 PM

So far, my btc "number" has been on a gradually declining trend and I would like to reverse that.

I almost feel like attacking you for your revelation of this factual statement, yet I am going to hold back.. maybe just take a rain check on the matter, since sometimes it might not be worth it to get into some of these kinds of matters that involve when some of us might have reached sufficient accumulation and others are still accumulating, so in some sense there's gotta be some acceptance in regards how some of the particular numbers differ.

One of the ideas that I so frequently like to attempt to repeat is to keep focusing on BTC accumulation until getting to a number that you no longer need to accumulate.. .. yet many of us likely realize that even if we had been accumulating BTC as much as we might have felt that we were able to do, it is quite unlikely that we are able to accumulate even close as many BTC in current times as we would have had been able to accumulate in earlier times with way less capital... so there is a certain disadvantage to continuing to accumulate.. yet at the same time, if our stack might not be shrinking (at least) then with the passage of time the quantity of coins needed to reach fuck you status continues to go down..

...but yeah at the same time, there is a certain budget level that each of us needs, and we may well not had sufficiently considered that monetary debasement was going to continue at such wild rates, causing us to likely need more than double what we thought we were going to need at this time, and at the same time what ever continued debasement (and resulting inflation) does not really come back down since it is building upon new higher prices. .for the most part. For all intents and purposes, almost anything that is important (and yummy) has largely doubled in price since March-ish 2020.. and yeah, sure bitcoin is up around 10-14x since then, so anyone mostly hanging onto their BTC has been able to offset such debasement and inflation.

One thing is having the bitcoin on paper and another thing is using it.. but if any of us are still in our BTC accumulation phase, then we should be just ongoingly continuing to accumulate.. but yeah, if we had traditional salary and taditional expenses, there may well be ways that our disposable income within the fiat systems is not allowing us to buy as much BTC, which gets me to the question of how the hell someone in their accumulation phase is not building his BTC holdings, and even someone in his maintenance stage would at least be doing spend and replace so that his BTC stash should not be going down, especially over the past few years.. ..so for example comparing how many BTC that we might have this time around in the $58ks as compared with the two times in 2021 that we toyed with $58k-ish, so this time, in 2024, if we are either in maintenance stage or BTC accumulation stage then we should currently have more BTC than we had in either early or late 2021.. if we are in overacccumulation phase then it would be understandable that we might have less BTC around now as compared to what we had in mid and late 2021.

On a personal level I am thinking that the more that I currently have in regards to BTC and cash as compared to late 2021 has something to do with my bit of fortune in regards to the mistake that was made in June-ish 2023.. when I largely suffered from a windfall... otherwise maybe I would look the same and potentially with a bit less BTC now than I had in late 2021, since I am thinking that I should be more leaning towards BTC liquidation rather than accumulation - even though it is quite difficult to resist buying dips down to $15,479-ish and those various sub $20k prices at various points in 2022.. though surely some of that was a bit stressful. Although admittedly, I do have some flaws in my accounting too.. so there are those kinds of factors to try to really pinpoint beyond ballparking it.. so either I will say that I am slightly up right now.. or maybe flat.. but not really in a lower than category as comparing cash and BTC now with late 2021.

Quote from: Gachapin on September 15, 2024, 11:26:39 PM

Quote from: BobLawblaw on September 13, 2024, 10:01:32 PM

It'll be $58k again by tomorrow...

wrong by only a day

What's the rush, guys?

Cheesy

Quote from: Torque on Today at 02:31:36 AM

Gold (up 25% since March) is telling the true Fedflation story that is coming, but no one is paying attention...

"We" are paying attention.

Quote from: Biodom on Today at 04:14:16 AM

Personally, I expect deflation caused by AI instead.

Good luck with that.

Tongue