Quote from: Biodom on September 01, 2025, 05:17:26 PM

Quote from: bitmover on September 01, 2025, 04:46:37 PM

Quote from: Hottiek on September 01, 2025, 04:34:56 PM

That's just it. I have been telling myself every cycle I am going to shave some off.... But the only viable option I can come up with is to "buy more." I am not greedy at all; I have no real responsibilities, no need for a bigger house or nicer car. And you can only buy so much Hookers and Blow... Now what??? As I am really not interested in trying to take over the world... Pinky and the Brain style...What else is there to do???
K

retiring early is the greatest luxury there is.

I dont need a big house or an expensive car. But I want to Quit my job in the next few years while I am still young

Strangely, I never wanted to quit any job..hey, maybe I should make them fire me so I can retire

That said, some people take relative idleness in spades...going to gym daily, picking up new hobbies, volunteering, etc.
Somehow, for me, a regular job gives more structure to a daily life.

Part of the "problem" in bitcoin, if we can call it a "problem" is that we ended up winning the lottery, especially if we errored on the side of accumulating and holding... even the whimpy ones still ended up winning the lottery as long as they did not sell.

I don't completely disagree with you, since there can be some jobs that create a considerable amount of satisfaction and even self-direction and/or a sense of belonging on a team - especially if you agree with the missions of the team and you feel that you are being treated fairly.

At the same time, winning the lottery does have to change the variables, especially if you had put in enough that you can pretty much replace all of your income, perhaps in multiples or even magnitudes.

We should not be generalizing about any job having possible issues in regards to causing us to believe that our energies could be focused elsewhere.

Quote from: WatChe on September 01, 2025, 05:47:50 PM

Quote from: JayJuanGee on August 31, 2025, 07:39:07 AM

Doesn't that sound a bit strange to you? You are selling while are still accumulating.
And, sure maybe that will work for you since you are planning to sell with an expectation of being able to buy back more with the same money that you received from selling it.

Personally, I don't consider that to be a good strategy for guys who are still accumulating, even though I understand that guys do it and attempt to do it, and some of them are able to do o.k. with such a strategy and others would have had been better off to just stay focused on BTC accumulation.

You are taking chances, but it is possible that it could work out for you. Perhaps.

Yet at the same time, if a guy is still in BTC accumulation phase, he is more assured to continue to increase his stash if he just stays focused on buying and perhaps to find money from other places when he wants to buy things.. . but yeah opinions will differ regarding these kinds of matters regarding the hows and the amounts to play with when trying to catch waves.

My humble submission is that in life we have necessities and it's up to you whether to full fill these necessities and live a good life or keep saving money. I need money for few things and I am glad that I have Bitcoin who helped me out. I told you I bought a new car just because my previous car was 16 years old and it's time to replace it. I recently installed solar system in my house and now I don't pay any electricity bill, my kids sleep in AC and don't have to worry about the electricity bill.

I can go for hodling but for that I have to make a compromise on these things.

I am not proclaiming that you should not increase your standard of living - because for sure it can make sense to increase our standard of living as our wealth is going up. I just question that if you are concededly in your BTC accumulation phase, it is hard for me to make out how it can be financially prudent to sell out of one hand and buy with the other... but yeah, apparently, you have figure out a way to make it work and to balance your situation...

So yeah, you can run the numbers yourself and see that you are both improving your standard of living but you are also drawing from your BTC and causing it to not compound upon itself and also causing the stash that you build to be way smaller than what it otherwise would have been, even though you are increasing your standard of living along the way.

We have a lot of examples of folks who did all kinds of amazing things with their bitcoin over the years, and for sure the longer that time runs, the greater the measured differences, and sure, it could be that you did the thing that was best for you and for your family.. That is what you are supposed to do... yet there are all kinds of people who spent 100s of bitcoin on houses in 2014, 2015, 2016, 2017 and these days their houses might have gone from $300k to $1.2 million (2x to 5x appreciation in price), but the bitcoin that they used (or could have had bought) went up 100x or more. They still feel good about what they did.

Similar is true if you bought a car and solar panels and various matters... and yeah it is up to you to do the calculations, and sure, it could well be the case that you had no other options, except to use your bitcoin.

Your timeline is not as long, and sure in some ways I have been warming up to the idea of overinvesting into bitcoin and then using some of the profits from the overinvestment as a way to prematurely shave off some profits.

In the end, you are the one who has the numbers and were able to weigh your options whether it was the right way to do it or not.. but yeah, maybe it ended up working out for you that you put a certain extra into bitcoin and cashed out at various points along the way in order to pay for expenses and/or needs while you continue to accumulate bitcoin... like you caught one of the waves and you did not really have any other options available.

It also might be too close in time for you to do a real comparative analysis in regards to options that you had available versus the option that you took and the consequences that were available.

Even with myself there have been times where I did not really realize the impact of what I did until much further down the road... .

Quote from: Hottiek on September 01, 2025, 07:12:10 PM

Quote from: Findingnemo on September 01, 2025, 06:35:04 PM

Quote from: Hottiek on September 01, 2025, 04:34:56 PM

That's just it. I have been telling myself every cycle I am going to shave some off.... But the only viable option I can come up with is to "buy more." I am not greedy at all; I have no real responsibilities, no need for a bigger house or nicer car. And you can only buy so much Hookers and Blow... Now what??? As I am really not interested in trying to take over the world... Pinky and the Brain style...What else is there to do???
K

Go and get married and that's it. You're done. Cheesy

Permanent Bear market.

NNNNOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO THANKYOU!!!!

It is your duty.

Sometimes there is value in "sharing." Don't shirk your duties, expecially now that you know that you are in overaccumulation status and you have the dilemma of making sure that you spend enough.

Quote from: philipma1957 on September 01, 2025, 08:08:46 PM

Quote from: ChartBuddy on September 01, 2025, 08:01:14 PM

Explanation
Chartbuddy thanks talkimg.com

124.5 to 109.2

is -12.289%
so do we go up say 109.2 to ~~136.04%~~$136.04
that would be +12.289% of the ATH

You gotta zoom out a bit, Phil.

A lot of this is just short-term noise.

Quite likely we are going much further than $136.04, and I doubt that there is any kind of exact pattern even if we might be able to see a pattern when we look in retrospect... .. and i don't even see much value in figuring out the size of various waves that may or may not come.. yeah, we likely have good ideas that up is not over, yet, and we also have ideas that up does not tend to happen without downs, even though historically we have had some periods of ups without downs... yet we cannot count on it, so why try to act like we can figure it out, rather than just going with the flow.. we are still largely bouncing around at the top of the range since early May (ie top 100 days). and largely continuing to push higher numbers.

Quote from: Biodom on September 01, 2025, 09:11:37 PM

Quote from: serveria.com on September 01, 2025, 08:55:41 PM

Quote from: Biodom on September 01, 2025, 04:19:58 PM

I thought about selling some, but then could not decide the "why" portion.
Converting btc to fiat feels a bit silly and I am in no need of a bigger house..at least, not yet.
One observation: the market feels a bit neurotic as far as the mood is concerned.
Maybe too much change (on the market and socially) is occurring too fast and the market has difficulty "digesting" the info properly.

Well, it's obvious - buying back later at a lower price. LFC_Bitcoin is my role model here. Apparently, the guy managed to sell near the top and buy back during bear, increasing his stash considerably. Cool

Sure, I get the intent...it is the execution of BOTH trades at a correct time that is difficult to achieve.

Many sold at ATH+20-30% in 2017 only for btc to go up another 15X in just a few months.
I sold some back then too after listening to one Vinny Lindham about the presumable crash due to the first fork (all my fault, of course).
I had another small sell in 2020 after we recovered to 10K from $3.8K.
The logic back then: we are surely going into a depression as businesses are closing and unemployment is rising...recovery is just a temporary dead cat bounce, allegedly.

Thankfully, on both occasions I sold a little so it is not relevant in a big picture.

Those are some pretty painful disclosures Biodom... and surely sometimes the sell and buy back later ends up working, and it usually is not pretty.. Even LFC's situation in 2021/2022 is far from text book perfect, since LFC sold somewhere in the mid $50ks when it was going down, but it was not clearly going down because it was bouncing around his sales price for a while, so that we could call him names for a while, before it finally crashed down and he ended up being correct.

Quote from: serveria.com on September 01, 2025, 08:55:41 PM

Quote from: Biodom on September 01, 2025, 04:19:58 PM

I thought about selling some, but then could not decide the "why" portion.
Converting btc to fiat feels a bit silly and I am in no need of a bigger house..at least, not yet.
One observation: the market feels a bit neurotic as far as the mood is concerned.
Maybe too much change (on the market and socially) is occurring too fast and the market has difficulty "digesting" the info properly.

Well, it's obvious - buying back later at a lower price. LFC_Bitcoin is my role model here. Apparently, the guy managed to sell near the top and buy back during bear, increasing his stash considerably. Cool

I doubt LFC's buy back was the greatest either, and he made some purchases with the money, so yeah maybe he bought most of the BTC back in the $20ks and he might have still had some cash for buying some BTC below $20k too...

He might be able and/or willing to give some further details.. yet I doubt that the details are really pretty even though it did seem to work out fairly well.

Yet LFC might not want to say anymore than he already said.. There have been some of us who have also had some lucky plays, yet there are ONLY so many details that we are ready to give and./or repeat to the extent that we might have had already given some of the details (or at least as many as we want to give within this context - even though sometimes we can have learning experiences too. .. which might be one of the reasons that it would be nice to get mindrust to come back to the thread and reflect upon his March 2020 situation again and the fall out, too, even though mindrust seems to have become a bit more strident in recent times).