Post
Topic
Board Speculation
Merits 3 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
AlcoHoDL
on 10/02/2025, 07:49:11 UTC
⭐ Merited by hisslyness (2) ,JayJuanGee (1)
[...]

Oh by the way, I frequently tell the story of some construction costs that I had in 2018/2019, and quite a few bills ended up coming  due way too early than I anticipated, and it seems to me that at that time, I ended up selling around 3.5% of my BTC stash to cover my bills (and the  BTC prices might have had been between $4k and $4,200 at the time that I sold), and maybe I was able to recover around half of the amount that I sold.. but it becomes a bit unclear how much I was able to recover because surely when we sell extra amounts, we cannot always compare where we are at as compared to where we would have had been, even though we did end up taking a fork in the road and having to make the choice...and surely part of the reason I had to sell as much as I did is based on a kind of presumption that I did not care, and if needed I could  have sold around $6k or $7k.. but then all of a sudden trading prices dropped nearly in half...and then my bills were coming in...so  sometimes mistakes are made...but like right now, if I had similar bills, I probably could sell only less than half of a percent of my stash and end up with more cash (perhaps double the cash) than I ended up with selling 3.5-ish% of my then BTC stash in late 2018.

[...]

Yes... It happens...

My mobile phone now costs ~$12,000 (0.13 BTC when I bought it). I had plenty of fiat to buy it with that, but I used BTC for...reasons (BTW, I had pepperoni pizza yesterday -- paid with fiat). I guess we shouldn't dwell too much on our past BTC purchases, because it will likely feel more bitter than sweet (in some sense). Better to think of them as percentages of our stash, as you do above, which nicely demonstrates our stash's current purchasing power, which, hopefully for many of us, is near- or past-fuck-you status. So, yeah, we bought some stuff with our corn, but we can still buy a ton more stuff, and our purchasing power keeps going up forever, so it looks like we're OK to shave off small amounts as needed, to feed our often complex and sometimes illogical spending habits...