I doubt that many of the "royal us" truly experienced 1 or 2 digits..

but yeah, maybe i am being self-centered.. and of course, 2 digits were available just a month or so before I started on my bitcoin journey.. namely something like mid-October there was a dip down to $99, yet I did not get started until late November 2013... so by the time I was looking into bitcoin it was already bouncing around $1k, and the correction brought the price down to $160-ish even though the lowest I bought was $180, and it was only slightly more than half of a coin.

Otherwise, I get your point about being thrilled for such outside of expectations price performance that we are currently experiencing.


ON the path to this black and white, the lives of many bitcoiners have been getting better.  We do not have to make it to fuck you status in order to begin to feel the benefits of having the extra wealth, even if we are not really selling any of it... although I have been cheating, since 2015.


You are repeating and/or emphasizing the black and white.. and surely we can already see that historically bitcoin has shown itself as the best of investments that is fairly available to everyone/anyone with a discretionary income.  Of course, there have been people who have figured out ways to lose money or to underperform those of us who have largely errored on the side of accumulating and/or holding.


I think that you are preaching to the choir, since why would any of us consider bitcoin as a bad idea.  Even a lot of the bitter guys have been weeded out of these here parts.

Do you recall through the years there had been guys coming to this thread and talking down the price or talking their book because they sold too much too soon. 

There do not seem to be as many of those kinds of guys around here. 

I am sure that they still exist though.


We still have one of the greatest wealth transfers in history going on right under our noses, even though it can be difficult to see.

Sure there are some status quo rich coming along and sure there are a decent quantity of the poor who failed/refused to jump on board, but still, coiners are going to continue to receive the wealth over the no coiners, and in spite of so much seeming news out there about bitcoin, normies still largely refuse to jump on board, so ongoingly we have a lot of asymmetric information, and so many no coiners will be kicking themselves, and even the low coiners who took an overly whimpy approach to bitcoin will be kicking themselves too for not taking advantage of the knowledge that they had about bitcoin.  So many others will have to come to learn about bitcoin later, and realized that their mere hearing the name bitcoin was not enough information to actually cause them to understand bitcoin sufficiently, so they have to realize that they were to presumptuous in their thinking that they knew what was bitcoin, and they didn't know shit beyond something superficial like how to spell bitcoin or some other meaningless nonsense.


I think that even historically, if there were guys who took a fairly whimpy bet on bitcoin, such as investing $50 per week for 10 years, they still were rewarded quite handsomely, and yeah most of that came from their earlier years investing.. so the longer that we stick with it, even if whimpy, the payoffs tend to compound upon themselves..



There can be some practicality in regards to diversifying out of some of the wealth that is in bitcoin in order to preserve the wealth that had been gained.. so sometimes we will be leaving ourselves too vulnerable if we keep too much of our value in one thing, especially if that thing kind of ends up dwarfing any other investments that we had.. even my first 4 years in bitcoin, even though I had only invested around 13.5% of my quasi-liquid networth into bitcoin, it had some period that it ended up touching upon 90% of my networth merely through its growth.. and so those dynamics have not necessarily gotten better to the extent that I might not haver had sold as much as maybe I could have had under the idea of letting your winners ride, which has paid quite handsomely in bitcoin... yet there could be some value to just take 10% out.. since maybe even the 10% might be 3x to 5x more than what any of us invested into bitcoin.
 

I am not clear about what you mean?  Are you saying to take some off the table or not?

I am likely not even going to take my own advice about taking the 10% off  the table, and maybe some of us are being a bit overreactionary when we are complaining that LFC might be planing to take too much off the table .. and ultimately each of us is on our own in regards to the extent that we might be being practical in light of our own circumstances, yet some guys will still be persuaded to change what they were thinking about doing in connection what another member had said might be a practical way of dealing with their bitcoin holdings.
 

That is true.  There are already various battles and talking out of more than one side of the mouth coming from governmental entities, and Donald Trump's supposed love for bitcoin is not going to do a whole hell of a lot of good when any of us might be charged with some bullshit and we are having to give up some of our coins in order to "fix" things.



This is a puzzle beyond my grade level, even though you might be suggesting to sell in a way that is greater than what LFC is planning... but maybe I don't know how to interpret puzzles.