Well take this guy I know he is in at around 25k
Simple math. Take the case of " this guy "
He buys 1 btc at the average of 25k from Nov 2022 to fall of 2023 it became became 93k.
So Sell off .3 coins get 27k
all cap gains is negated by dumping mined coins in Oct 2022 and having a 51k loss carryover. so the entire
27k sale "this guy" keeps.
This means "this guy" has 27k cash. This guy invested 25k cash back in 2022 and " this guy" still has .7 coins
Okie might be missing something here but wouldn't "this guy" have 0.7 BTC + what ever he invested back in 25k + 2k.
Did "this guy" lose the 25k he put back in?
If it all zeros out 'this guy" is 2 grand ahead. So bloodbath in terms of BTC crash can't happen to "this guy"
and at the moment "this guy" has .7 coins worth about 60k along with 27k. And he had 25k in nov 2022
There won't be a blood bath for him in BTC.
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Also many on this thread have 10 or more coins (not me) at under 20k invested. Ie 20k became 930k
Some simply shaved a coin off. they now have 93k (owe tax on it) after tax they may have 60k and 9 coins
left they do not worry about a blood bath.
If "this guy" lost it, you would have been better off holding and the 1BTC would be worth 85k(based on your .7=60k math).
you have zero concept of risk magement.
the 10 to 9 coin move means zero risk of a loss and retain profit.
while 9 coins can still grow.
It also mean you can have some enjoyment of your earning.
A lot depends on age and bloodbath avoidance.
which is the original post I quoted.
You are simply advocating 100% all in at risk of it all while I am advocating taking out 10% and ending the risk of no profit.
My way no matter what a profit was turned your way you simply are asking to be a victim of the blood bath
when you do not have to be.
I am happy you feel that way.
<snip> shit coinnery </snip>
I get it, I understand risk mgmt, essentially your taking out what you put in. Everyone's risk profile is different tho, and they probably have different investments and sources of income and are managing those risks across lots of things. The bit that gets me tho with BTC is when you take out the initial investment your losing some of your compounding value. BTC timeline isn't that long but say we go back to the early days until now, that 30% reduction in your compounding value of buy say in 2009 is astronomical with BTC priced in @ 85k today vs the risk of losing that 100% of your initial investment should everything go to zero/
I honestly anticipated this issue(from past investing experience), and only invested what I would be ok with losing forever. It would suck to lose it but the risk/reward is much better than the hedge play to recoup on initial investment in my circumstances.
I under "this guys" circumstances, risk profile etc might be different and there is justification to doing what you think is best. But seriosly did you lose the 25k?