Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Lucius
on 13/07/2025, 11:13:54 UTC
⭐ Merited by AlcoHoDL (1) ,JayJuanGee (1)
~snip~
I was thinking of "editing out" your post, but then I thought I should leave it untouched, as a reference to my reply.

You know, my sell order went through, and I felt odd about it, and I may have canceled it, had I remembered it being there, but still, I also felt happy and satisfied that I got some more chunk of fiat cash for "free". Free, in the sense that I consider my Bitcoin stash as a kind of "universe's free gift". It's kind of like "kissing the frog and getting your prince", so to speak. It's the reward for recognizing the value and ingenuity hidden in the Bitcoin white paper, for reading between the lines and realizing early enough that this has the potential to change everything in the monetary system of the world. Surely, there was a risk involved in kissing the frog, as there always is (there is "no free lunch" in the universe), but it was very small, in retrospect.

You're absolutely right, my average buy price is very low, under $2k to be more specific. As much as I despise fiat and the traditional monetary system, I know that it is (still) necessary to go through that system, in order to get things done. So, fiat is going to play a part in going from Bitcoin to realizing my dreams. I try to make that part a transitional one, hence the "...only when you must" part of my phrase above. Still, though, it's good to have a healthy chunk of fiat parked in a bank account, for low/mid-level value purchases here and there. The more Bitcoin one has, the more this makes sense, and the easier it is to achieve it. Also, many of us (myself included) are still employed, and still have a steady, healthy fiat income every month. At some point, the situation becomes self-sustaining, in that, occasional, even regular, moderately sized Bitcoin-to-fiat conversions do not affect the total fiat value of one's stash. In fact, one can keep spending their Bitcoin, and their stash fiat value can keep rising still. You can call it win-win, or fuck-you status, or whatever, but once you get there you can see things from a different perspective.

I believe that, in the end, one's actions when it comes to Bitcoin may be governed (at least partly) by psychology, inner feelings, desires and irrational thinking, rather than pure logic. LFC is waiting to sell 25% in order to buy back lower later on (I hope it doesn't bite him in the end...), others just shave off small amounts as needed to do what they want, some have purchased massively expensive things that wasted a large chunk of their stash, only to regret it later on. In the other extreme, mindrust got scared of the price dropping to nearly $3k, sold his 10 BTC and got $30k, while now he would have more than $1M.


1 BTC. This is the threshold to reach as of now, in my opinion. Anyone having $120k to spare, go buy 1 BTC and store it away in a Trezor or paper wallet. Don't overthink it. Do it. Had I done the same in 2015 I would now own thousands of Bitcoin.

Interestingly, today marks 10 years since I registered on this forum and I can say that I still have some of the BTC that I bought that year, as well as some coins that I collected on faucets during those years. I don't currently have $120k lying around unused, but let's say I've accumulated enough BTC over the past 10 years that I don't need to worry about what my retirement will be, and what most of these political clowns will do today and in the future.

By the way, Trezor is not bad HW, but I would only rely on an air-gapped wallet for long-term storage.