Using Bitstamp for a while now. Their KYC was a pain especially asking where my money originated from. Had to search bankingslips from 2013 and up.
Will ditch them later this year returning where i bought all my coins at Dutch Bitcoin exchange Bitonic using their OTC desk.
Bitonic KYC is pretty much standaard requirements. Will sell a bunch and buying some back in 2026.
After the 2028 halving pump will be the last time selling.
Remaing coins will stay in cold storage for the rest of my life. Suddenly a "boating accident" scenario happend.
I suppose it could be possible to be successful in terms of selling some BTC in 2025 and then buying back in 2026, especially for any of us who may well have options and also we might not even be selling so much BTC as to take ourselves out of overaccumulation status.
Part of my problem is if guys actually expect any guarantee that they will be able to buy back cheaper.. so in regards to selling, there could be some situations in which buying back cheaper is not achievable, so in that regards there is some needs not to sell too much.
Regarding the not selling any more after 2028 that seems like quite the fiat way of managing holdings and even perceiving that it is prudent to take out value in fiat rather than merely just planning to regularly take out value from BTC while keeping most of the value in BTC rather than keeping it in fiat. From my perspective, there seems to be an already planned scaredness (scared-i-cat-i-ness) to keep most of the value in BTC...
Even though I believe that I am perceiving BTC management differently, I can concede that it is not unreasonable to take large chunks of fiat value out of BTC at various points in time...and even spreading out such anticipated withdrawals to be once every 4 years or something like that.. but from my perspective, proclaiming never again needing to withdraw from BTC (such as after 2028) seems a strange way of conceptualizing future BTC management.
Would be extremely disappointed if BTC will not break $200,000.
Makes 2 of us
3 of us.
I think that part of the justification for incrementalism - whether price based and/or time based is that none of us should be planning our BTC management on certain prices needing to be met - even though surely many of us might have a bit of structured expectations in which we might be holding back a bit of value so that we do not cash out too much BTC too soon with an anticipation that the amount of BTC that we are planning to cash out would get more return as long as BTC prices go above certain amounts... yet at the same time, we are potentially creating problems for ourselves if we are overly structuring our own BTC management and/or sales of dee cornz around those kinds of expectations.
Would be extremely disappointed if BTC will not break $200,000.
2013 top of $1,000 —-> 2017 top of $19,000 —-> 2021 top of $69,000
We are seeing diminishing returns, there is no doubt about that. We have paper Bitcoin and who knows what else suppressing the price. I am not sure if we hit $200,000 this year. Obviously I want that but I think we fall short.
I have a pretty strong sense that we have quite a bit of paper bitcoining going on.. and surely it would be nice to see some of that paper bitcoining blow up in their faces to the upside rather than to the downside, even though surely that is likely too much wishful thinking.. .. with the various abilities of fucktwats (likely status quo richies) to get away with their various ongoing abilities to take advantage of various currently existing fiat and status-based (insider-based) systems.
You could be correct that we have to be careful in regards to our expectations of upside.. yet we also know that if status quo rich folks had their way in regards to bitcoin, we would still be under $500.. so the status quo rich twats do not always get their way.. even when they may have hedged their own status and/or positions in a variety of ways.
Would be extremely disappointed if BTC will not break $200,000.
2013 top of $1,000 —-> 2017 top of $19,000 —-> 2021 top of $69,000
We are seeing diminishing returns, there is no doubt about that. We have paper Bitcoin and who knows what else suppressing the price. I am not sure if we hit $200,000 this year. Obviously I want that but I think we fall short.
I mean, diminishing returns is expected when you have something that is growing from basically nothing. If you look at actual market cap value added, you'll see quite a different picture being painted by the same data...
In the 2013 cycle we added millions to the market cap. In 2017 we added billions. In 2021 we added over a trillion... How many trillions will be added this cycle?
Your statement is accurate though and I agree with the expectation. I think a top price between $130K-$170K is most likely, occurring sometime between the beginning of September and the end of November. It's more fun to call for a $700K top, but I think for me personally, I'll be looking for high volume peaks as soon as September hits.
We are roughly 3 months away from me turning from a SUPERBULL to a BEAR. At that point I expect I will become public enemy number 1 in this thread again. Get your insults ready!
You are likely "too 'smart' for your own good."
**..... hahahahaha
**Especially since you seem to know way more than guys in these here parts.. ~
Little help JJG
| Date | | $ invested | | BTC Accum | | $ Run total | | BTC run total | | 200-WMA value | | BTC spot value | | 200WMA | | Spot | | Difference |
12/1/21 | $32,400 | 0.7324 | $32,400 | 0.7324 | $13,060.16 | $41,754.86 | $17,832 | $57,011 | 3.197117541 |
3/15/22 | $20,000 | 0.504159314 | $52,400 | 1.236559314 | $25,223.34 | $49,054.31 | $20,398 | $39,670 | 1.94479851 |
6/1/22 | $32,400 | 0.79681 | $84,800 | 2.033369314 | $44,980.16 | $64,795.35 | $22,121 | $31,866 | 1.440531622 |
12/1/22 | $32,400 | 1.5 | $117,200 | 3.533369314 | $85,323.80 | $60,728.02 | $24,148 | $17,187 | 0.711735962 |
12/12/22 | $20,000 | 1.16952225 | $137,200 | 4.702891565 | $114,063.93 | $80,424.15 | $24,254 | $17,101 | 0.705079575 |
6/1/23 | $32,400 | 1.43 | $169,600 | 6.132891565 | $161,558.76 | $167,090.63 | $26,343 | $27,245 | 1.034240595 |
6/17/23 | $20,000 | 0.759676378 | $189,600 | 6.892567942 | $182,777.12 | $181,460.64 | $26,518 | $26,327 | 0.992797345 |
12/1/23 | $32,400 | 1.1 | $222,000 | 7.992567942 | $232,407.89 | $301,415.72 | $29,078 | $37,712 | 1.296925511 |
2/9/24 | $20,000 | 0.44113106 | $242,000 | 8.433699002 | $259,892.87 | $382,367.05 | $30,816 | $45,338 | 1.471248702 |
6/1/24 | $32,400 | 0.61062 | $274,400 | 9.044319002 | $318,613.27 | $610,265.42 | $35,228 | $67,475 | 1.915379812 |
12/1/24 | $32,400 | 0.49197 | $306,800 | 9.536289002 | $396,738.23 | $920,375.86 | $41,603 | $96,513 | 2.319856741 |
6/1/25 | $32,400 | 0.38 | $339,200 | 9.916289002 | $475,595.14 | $1,038,116.46 | $47,961 | $104,688 | 2.182773503 |
Whoooo.. Yeah.. Thanks. That looks much nicer than my one.. .. ..
I already edited my above post to add
this better formatted variation.. with my adding bold and purple for the amounts of $20k that I consider to be 4 different hypothetical lump sum supplemental amounts.
At JJG I am not ready for up.
The real question is what does one do to get ready for up if they can spend
10 a day
20 a day
30 a day
40 a day
50 a day
60 a day
70 a day
80 a day
90 a day
100 a day
These are not easy questions, since investing into bitcoin and being as aggressive as we are able to be over a decently long period of time takes time for the position to flesh out and to ongoingly consider that I have gotten enough bitcoin to be ready for UP. .. so if you had been hoarding cash in excessive ways then it can be difficult to just tell you to change your ways and to invest all of that into bitcoin when you should have had been investing it into bitcoin all along, even when we first crossed over $100k it was not clear that we were necessarily going to have a correction, but we ended up going through such correction for something like 4-5-ish months... and do I know that the correction is over? I doubt that I know.. even though surely it seems that we had a post election Trump pump and then a correction from that Trump pump which may well justify that we can resume Uppity..
And, yeah, I would tend to recommend deferring investing into bitcoin when we already have the money, even though sometimes there can be justification to defer the investment into bitcoin with DCA because the money is not really available, so the DCA still ends up being mostly an investment into bitcoin as aggressively as we are able to as the money is coming in.
So if you already have the money, then usually there would be a consideration of how much of that to buy right away, how much to defer by DCA and how much to defer by buying on dips.. dips that may or may not come.
Ongoingly I feel like batslapping you for hoarding so much cash, but that is your way, and it is not really a thing that anyone else can impose on another since you have to figure out your ongoing level of aggressiveness and/or whimpiness, since none of them are completely wrong. yet it seems to me that when we are accumulating bitcoin and building our position to prepare for up, we should not be focusing on price but focusing on getting to a point that we have enough or more than enough BTC, which (like I attempted to show in the example of my earlier post) may well be a process that takes a whole cycle or even two cycles, unless the investor is able to front load invest into bitcoin and get to such a point that he has enough or more than enough.
You like to trade as a way to attempt to accumulate bitcoin, so I consider that to be a much inferior process, especially when it comes to getting to overaccumulation status, since there may well be no real assurance of even being able to ongoingly continue to accumulate more bitcoin and to make progress in the accumulation department in order to get to a point of sufficient accumulation or over accumulation, and it seems to me that ongoingly you are not even engaging in a process that focuses on accumulating bitcoin through buying only.. .. so it is kind of difficult to keep spounting out the ideas.. and even now you are saying that you have a bunch of cash and you don't have enough bitcoin to be sufficiently/adequately prepared for up, and even if we concede that you screwed up in the first 9-ish years of your bitcoin accumulation journey and you only started focusing accumulating bitcoin in 2021 (like the above example that I gave), we would just be lying to ourselves, since you have not even been doing that... you are ongoingly trading and failing/refusing to focus on buying only strategies, which like I mentioned several times take time to play out.
You also have admitted several times that you like to take profits within the same year or two.. so you hardly have any clue about compounding value.. which is also something that is quite difficult to kick in if guys are ongoingly turning over their bitcoin and ongoingly taking profits rather than mostly letting their bitcoin holdings ride.. for maybe a whole cycle or two.. prior to starting to then get to a point where sustainable withdrawal might start to make sense.. because after a whole cycle or two, then sustainable withdrawal ends up being based on bitcoin that likely had chances to compound several times.. (sure no guarantee of compounding, but the idea to build and let the bitcoin ride does end up providing opportunities for compounding or the bitcoin value).
I realized buy PayPal and using cash and just hodl could get
me ready for up given enough time to stack the coin.
Yeah.. but you cannot resist... Do you even have any coins that you have held through a whole cycle at least? .., so yeah, you know the ideas and the theories, but you are practicing different ways of managing your holdings which I personally have my doubts about how profitable it can be to be getting in an out rather than mostly just letting them build up and ride until getting to o overaccumualtion status.. or at least some status where the coins transition to some kind of sustainable withdrawal even if they might not constitute fuck you status and even if they might ONLY be supplementing other income sources..
It also stops the issue of letting PayPal know where the coin came from.
Do one thing on PayPal
use cash to buy coin and never spend the coin.
So my PayPal stack is okay.
Personally, I don't have any PayPal because I had some issues with them around 7-ish years ago.... yet I believe that I understand your point and I largely agree with some variation of it.. even though it becomes problematic to keep very many coins on exchanges, I do have several of my bitcoin addresses in which I had withdrawn from one exchange or another (KYC coins) and then I largely keep those addresses marked and ready to send the coins back either to the same exchange or to some other KYC exchange, so if any of them ask me from where I got the coins, the coins would have had likely been sitting in the same address or some chain of addresses in which they are known to me as KYC coins in which I largely know where they came from.
Surely sometimes I lose track.. so I am not claiming it to be an easy process to try to keep track and/or to keep those coins separate.. but there still can be priorities to spend certain coins with peer to peer and then other coins are KYC coins.. and yeah.. it is a pain in the ass, and maybe we should not have to engage in those kinds of self-monitoring efforts.. .. and for sure with an elderly guy like yourself, many of us may well consider that exchanges should not be giving any fucks about you since you have various sources of official income.. but still sometimes accounts are flagged for reasons that are beyond our own abilities to anticipate.. ..
..and it can be quite aggravating if some of hs might consider that we have a variety of accounts set up, but if we go to cah out some of our coins or to move some of our coins into exchanges or out of exchanges, then surely it could be frustrating if our wallets, BTC addresses and/or accounts are flagged or blocked and likely it is worse if they get flagged while on an account and we are not able to remove the money, but at the same time, it could be frustrating if we feel that we are running out of places that we could liquidate our bitcoin if we might need to accomplish such.. .and surely it does not seem like a good practice for us to have to keep our coins with third-party custodians in order to accomplish our ability to get in and out of our cornz... which surely many of us should be also trying to practice direct transactions with peers, merchants, friends, relatives and/or other ways of directly transacting.. yeah.. buying goods and services and/or even sharing the costs of lunch or the bar tab could end up being reasons to transact with our peers with some of our coins.

Hahahaha
that is quite funny. My first time seeing it, it got stuck, and so it is much more funny with frame changes.