(11-06-2019, 06:14 PM)JayJuanGee Wrote: Here's a link to a tweet of a nice looking chart for all the gold bugs who have been losing value to BTC and are likely going to continue to lose value to BTC.  Showing that with the passage of time bitcoin buys more and more gold or gold buys less and less bitcoin.  Go figure.  Who would have thunk?


https://twitter.com/100trillionUSD/status/1192032782912040960

(11-07-2019, 05:32 AM)JayJuanGee Wrote: Interesting to see how much the Cash App has been growing in respect to the purchasing of bitcoin.

As many realize, cash app has so far remained bitcoin exclusive; they do not, so far, deal with any shitcoins.

https://twitter.com/matt_odell/status/1192205598793895940

Bitcointalk-JayJuanGee Wrote:Bitcointalk-JayJuanGee Link

Bitcointalk-mindrust Wrote:Bitcointalk-mindrust Link
Haven't really made my mind about it but for now I am planning to dump %15-20 of my stash for every $10k increment starting from $50k and make the final blow at $100k.

I think that you are: 1) valuing your wealth too much in dollars, 2) attempting to time the BTC price movement too much, which is a) failing to account for the possibility of BTC prices going above $100k and b) not going to be able to profit if BTC prices go above $100k.  Furthermore, if you establish a more sound plan, you will both be able to support the bitcoin infrastructure more and possibly even personally profit more, too.  

O.k.  I do not mean this as any kind of hostile message.  Instead, I intend to be a friendly collaborator to outline a possible better approach and way of thinking about cashing out during such uncertain BTC price dynamic times.

Accordingly, I suggest that you tweak your plan a little bit in order that you are not engaging in as much all or nothing kind of thinking and you strive to always keep some stash in bitcoin.  Of course, do whatever the fuck you like, it is your life... hahahhahahaha  This is not financial advice...hahahahahaha... even though it is.   

Anyhow, instead of calculating dumping 15% to 20% of your stash from the amount of your original stash amount, calculate 15% to 25% from your stash balance as it evolves.  This is not going to cause a whole lot of difference in the amount that you cash out, but it will allow you to meaningfully stay in bitcoin in a variety of circumstances and thus to sufficiently hedge yourself.   Of course, you can tweak the numbers that I have outlined.

In other words, if you sell between 15% to 25% (which  I am going to readjust to 20% for calculation purposes) from the readjusted balance of your stash, you will never run out of bitcoin.  

Also, you are using $10k price increments which has the problem of 1) round numbers and 2) the problem of an amount that is set in terms of dollars which causes a lowering of the percentage each time you execute, so instead of calculating exact dollar increments, maybe you should start out selling BTC at around $47.5k (just in case BTC prices never [size=undefined](or take a long time)[/size] end up breaking above $50k), and then use something like 20% increments.  I got this 20% based on your $10k/$50k which is more or less 20% (of course, you can make the percentage lower or higher after you play around with it).

So I am giving a ballpark in which your sell ladder would look something like this:

[NOTE:  I could not figure how to format this table, here.  Thus, the table is much more legible at the bitcointalk link].


[table][tr][td]Sell Price BTC balance    BTCSell Amt  Pfolio$Value soldValue soldTotal
$47,478.00 7.00000000 0.00000000 $332,346.00 $0.00         $0.00
$47,478.00 7.00000000 1.40000000 $332,346.00 $66,469.20 $66,469.20
$56,973.60 5.60000000 1.12000000 $319,052.16 $63,810.43 $130,279.63
$68,368.32 4.48000000 0.89600000 $306,290.07 $61,258.01 $191,537.65
$82,041.98 3.58400000 0.71680000 $294,038.47 $58,807.69 $250,345.34
$98,450.38 2.86720000 0.57344000 $282,276.93 $56,455.39 $306,800.73
$118,140.46 2.29376000 0.45875200 $270,985.85 $54,197.17 $360,997.90
$141,768.55 1.83500800 0.36700160 $260,146.42 $52,029.28 $413,027.18
$170,122.26 1.46800640 0.29360128 $249,740.56 $49,948.11 $462,975.29
$204,146.71 1.17440512 0.23488102 $239,750.94 $47,950.19 $510,925.48
$244,976.05 0.93952410 0.18790482 $230,160.90 $46,032.18 $556,957.66
$293,971.26 0.75161928 0.15032386 $220,954.47 $44,190.89 $601,148.56
$352,765.51 0.60129542 0.12025908 $212,116.29 $42,423.26 $643,571.81
$423,318.62 0.48103634 0.09620727 $203,631.64 $40,726.33 $684,298.14
$507,982.34 0.38482907 0.07696581 $195,486.37 $39,097.27 $723,395.42
$609,578.81 0.30786326 0.06157265 $187,666.92 $37,533.38 $760,928.80[/table]


As you can see from the chart, you would start out at some number, such as $47,478 and you would have a certain number of BTC that for this example I hypothesize to be 7BTC.   You would sell in 20% price increments 20% of the value of your then holdings.  In this hypothetical the dollar value of your BTC holdings goes down, but it does not go down to zero.  The BTC that you hold go down, too, but of course they are worth more at each upwards price interval.  You will see that over time, that you have an accumulated cashing out value that far exceeds your earlier HOLDing value, especially once the BTC price gets to $100k (assuming it does) but even moreso, if the BTC price were to get to 1/2 a $million... which surely might not happen, but surely it should not hurt too much to prepare for such possibility and even other possibilities that are far beyond our expectations (which we know sometimes happens in bitcoinlandia).

Of course, if you were to create a chart like this with the formulas already contained therein, then you can play around with the increments and the amounts in order to figure out more acceptable ways to achieve all of your goals (of course, provided that BTC's price cooperates).  In my thinking, it might be good to cash out an amount that also allows your BTC $ value to continue to go up no matter what, even if it is just a percentage or two of price appreciation.

Bitcointalk-mindrust Wrote:Bitcointalk-mindrust Link
Also I'll buy back every piece I dumped if the price goes $10k lower from where I sell the coins.

For example; 

Sold %20 @ $50k. Now there are 2  possibilities.

 A) the price goes down for $10k to $40k and I buy back and increase the btc amount,
 B) It goes higher and reaches $60k. Then I'll domp et again another %16-17.

If A) happens in the first round  > back to hodling
If B) happens > again another 2 possibilities A) and B) but this time it's happening @ $60k.

Will probably play that game to maximize the profits till it reaches $100k. Not really decided on anything just thinking. I may completely ignore the "buy back" part too.

Your buy back part sounds reasonable; however, since you seem a little nervous about buying back, based on your last sentence, then maybe you should consider setting your buy back numbers to be quite extremely low, and if the BTC price never goes to such extremely low amounts, then you do not care, you just end up spending the fiat.  And, of course, if the price ends up going to your buy back numbers, then you are happy about that, too because you got a decent bargain in your buy back amount without even having to inject new fiat into your system.

(11-08-2019, 05:35 AM)JayJuanGee Wrote: Here's an interesting poll that was conducted by former US Congressman Ron Paul that shows that 59% of people would chose bitcoin to store their value (for a $10k gift, if they were forced to have to store such gift for 10 years).  Not sure about how accurate are Ron Paul's survey methodologies, but still showing an interesting result.


https://twitter.com/RonPaul/status/1191384535755317249?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1191384535755317249&ref_url=https%3A%2F%2Fes.beincrypto.com%2Fbitcoin-es-29-veces-mas-popular-que-el-dolar-como-inversion-revela-una-masiva-encuesta-de-excongresista-de-eeuu%2F
 


Above chart gotten from Luckmcfly

Here's another article on the survey topic showing very similar results from a few days ago, too.  
https://cointelegraph.com/news/ron-paul-survey-reveals-most-prefer-bitcoin-for-10-year-investment

(11-08-2019, 07:09 AM)Swordfish1010 Wrote:

(11-08-2019, 05:35 AM)JayJuanGee Wrote: Here's an interesting poll that was conducted by former US Congressman Ron Paul that shows that 59% of people would chose bitcoin to store their value (for a $10k gift, if they were forced to have to store such gift for 10 years).  Not sure about how accurate are Ron Paul's survey methodologies, but still showing an interesting result.


https://twitter.com/RonPaul/status/1191384535755317249?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1191384535755317249&ref_url=https%3A%2F%2Fes.beincrypto.com%2Fbitcoin-es-29-veces-mas-popular-que-el-dolar-como-inversion-revela-una-masiva-encuesta-de-excongresista-de-eeuu%2F
 


Above chart gotten from Luckmcfly

Here's another article on the survey topic showing very similar results from a few days ago, too.  
https://cointelegraph.com/news/ron-paul-survey-reveals-most-prefer-bitcoin-for-10-year-investment

I was happy when I saw the results of that poll. The future is now.

(11-08-2019, 10:29 PM)churros Wrote: Someone want to write a data sheet on crypto jobs?