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Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
OutOfMemory
on 03/02/2025, 08:18:53 UTC
⭐ Merited by JayJuanGee (1)
I'm prepared for downity this time.
Hope u're all too.

My laddering sells started at $100k, so if we go lower ($90k was "max pain" price of expired options), i will buy in again, otherwise my old van will be replaced this year.

Wow.. you seem committed to being a low coiner and/or selling too much too soon.

These are smallish (not too much) and incremental (not to soon) sells. Most of my stash is kept untouched. This is the first round of taking profits from my oldest holdings, these are tax-free, with a little exception (see below).

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Also you are selling to buy back  cheaper, which is  a "no, no"    

Possibly buying back cheaper, or delivering to the "spending" pot. In hindsight, it was a "buying back cheaper" event, partly. The gains from these buys are taxable when i sell these back-bought coins for fiat, however. So the "gains" aren't that much, also not that bad.

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But hey you can do whatever you like, even dumb things... .except you are bragging about it on the WO, which deserves some kind of a bat slappening.. maybe   a baby bat, just for fun?   .. .but yeah, we might not have to worry about batslappening you since the market might help to teach you a little lesson.. perhaps? perhaps?

Another thing is that you should not be selling any BTC unless you mostly already have enough or more than enough, but any sales that you do should be on the way up, not on the way down.. so you need to go back to bitcoin  HODLer 101 school.
We are on the way up, aren't we? So i don't completely understand your point here.
As i wasn't supposed to be bragging, just telling that i begin to take a small part "off the table", which was planned for 2025 anyway.
I think i have mentioned that last year here?
Baby-Batslap accepted  Wink

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All in all, less than 50% of my payout goes into expenses, the reamins, which are less than 60% of the part i decided to sell, will be used in the next bear market to restore my Bitcoin balance.

The mere fact that you are anticipating some future payment so that you can buy more bitcoin should not excuse you from being dumb in regards to selling BTC, expecting  to buy back cheaper, but  really just selling BTC because you think that Larry Fink and Michael Saylor don't happen to have enough cornz.

And another thing... I thought that you were still awaiting a hearing (or a decision or something) in regards to your potential upcoming payout, so in other words, the money is not in the bank, and you don't have any guarantee of any payout until the fat lady sings, am_I_not_rite?

I have guarantee by "legal certainty", which relies on three (!) preceding trials in the same case here. It's the fourth time, just because someone isn't doing his/her job well at the insurance company. Rumors say they always try to kick people out, because sometimes they are not educated well enough to bring this to the court and some are even to weak, sick or tired of doing so. The problem here is that the insurance doesn't know about the laws as good as myself. It's purely their fault that i have to go through this, but i have got a lot of stamina.
Second, the final hearing should have taken place half a year ago, but the attorney of the insurance thought he is too clever and started to doubt the wording of the medical expert (the one the judge addressed to examine my condition), so the expert had to write a follow-up, which had to be revised by the court again, to just emphasize the result of the original examination.
Apes at work. As the insurance company, i would fire the idiot attourney (they have many). Can't wait to explain the law to him (again) in the court room.

Buying back cheaper saved some Sats from Saylor, instead. This time i was confident because of the options those CME option expiry figures gave me. I only rarely pull off such trades, because i want more of that Bitcoin as a result, not less. The lower back-buys didn't trigger, so they go tax-free into the car later this year. Also not bad for me.

Of course, this makes me less of a hardcore perma-HODLer, but not completely (by far, considering the relatively tiny amounts these trades are about).

But yeah, as i already said, Baby-Batslap likely deserved. Ouch, but no bruises  Grin