Ninjastic
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Re: Buy Buy Buy or Sell Sell Sell?
by
BitBakerr1
on 15/04/2025, 08:16:53 UTC
Quote from: JayJuanGee on Today at 04:45:00 AM
Quote from: BitBakerr1 on April 14, 2025, 07:21:27 PM
Quote from: JayJuanGee on April 14, 2025, 04:04:02 PM
Quote from: BitBakerr1 on April 14, 2025, 07:01:40 AM
Quote from: JayJuanGee on April 14, 2025, 02:08:46 AM
[edited out]
Wow JJG now I know the reason why you where selling your Bitcoin and still accumulating, that feeling of not having enough yet it happens and a some people are in such situations right now they don't really know if they have accumulated enough or not.
JJG you said what helped you really realize and have confidence that you had enough was when Bitcoin price going up from in the $500s in early to mid 2016 and into the $2k to $3k arena in mid-2017 surely such a move in Bitcoin will help someone know if he has accumulated enough or not.
It seems that each of us has to figure out how to valuate our BTC holdings in way that makes sense to us, and now days, I like to use the 200-WMA, yet back in the 2014-2017 time frame, I was measuring the value of my BTC holdings in the same way that an overwhelming majority of folks measure such BTC values, and that is using the spot price.

I think that using the spot price is a kind of default, even though the spot price inevitably is fluctuating so much, we still tend to wand to use it, and surely we might compare the spot price to our average costs per BTC, and perhaps if we get into being several times in profits, then we start to feel that we have a cushion from price corrections, and surely I was not immuned from that kind of thinking.. which these days I continue to believe it is better to attempt to use something more solid (and like a bottom price) like the 200-WMA to valuate our BTC holdings.

In any event, whether we end up being correct or in error, each of us likely has to figure out what kinds of ways to measure our bitcoin holdings in order to help us to decide wether we are going to stick to whatever course of action that we have or if we might change our course of action based on our valuation of our BTC holdings.
Yes each of us likely has to figure out what kinds of ways to measure our bitcoin holdings and when doing this we may also make some mistakes and from those mistakes we will know the right thing to do whether we will remain or change our course of action based on our valuation of our Bitcoin holdings.
I think reading your story can make it very easy for some else to figure out what kinds of ways to measure his bitcoin holdings because believe me some set of people won't be able to do it there self until they get support from someone, there are some investors that has a lot going through there head and they find it hard to think through some things and that is why this forum is very important people like you Sir JJG help people know how to go about there investment, from all this discussions a lot of people are learning and is making them take the right decisions in there Bitcoin investment.

In starting out with bitcoin, there is no need to know anything beyond basic math, so for example does your income exceed your expenses, and therefore you have discretionary income that you can use to invest into bitcoin.

Surely there may need to be some practice in terms of keeping track, but the level of math is not very high for either accumulating bitcoin or valuating the bitcoin stash.

I know that a lot of people like to get caught up upon bitcoin spot prices, so they can get thrown off by ongoing and likely inevitable bitcoin volatility, yet figuring out how to valuate bitcoin based on the 200-WMA (bottom prices) rather than spot prices does not take high level math skills, just practice of monitoring what you are doing and attempting to account for what you are doing... and those kinds of skills can get better with practice, and they do not need high level math skills in order to get better at them.
That's true sir, when talking about practice are you talking about the normal way one get involve in his Bitcoin investment, if yes then one can't really understand everything about Bitcoin before starting you must start before you can know everything, it means when you start Bitcoin investment as time goes on you start discovering a lot of things by yourself.
It is clear sir that getting involved in Bitcoin and continuing in it will give you all the skill one needs in his Bitcoin investment journey and make things easier.
Sometimes I see people talk about knowing everything about Bitcoin investment before starting which to me those not sound right because when it comes to bitcoin investment you will only know more when you get involved, is when you get involved you will discover what works for you because that person telling you about Bitcoin investment his ways and strategy may not even work for you I think what a newbie should have is just the basic knowledge about Bitcoin and then he or she can start no need trying to know everything.