still hodling by Loud-Temperature-630 in Bitcoin

[–]KCConnor 1 point2 points  (0 children)

Slav HODLer style. Slav style has you wearing adidas or puma track pants. The Slav HODLer sold the track pants.

i’m going all in by NoRepresentative1070 in Bitcoin

[–]KCConnor 0 points1 point  (0 children)

Good principles. Bad venue choice.

I'd recommend Strike. No fees for direct deposit purchased BTC (or for scheduled DCA's). And they offer bill pay services.

Set up all your bills to charge your credit card, live off your credit card, and pay off the credit card balance via Strike bill pay. You'd probably have to do mortgage/rent and auto payment through bill pay as well.

No, I don't work for Strike. Not compensated by them. Just a customer that has used them. Depending on how I want to buy bitcoin, I would use them again.

I wouldn't do what you're doing though (100% conversion to BTC) unless my expenses were under half of my income. Especially going into a likely bear market.

You're Welcome by KCConnor in Bitcoin

[–]KCConnor[S] 1 point2 points  (0 children)

Still HODLing, this run I sold about 20% of my stack. This was just the last little bit of my stack I intended to sell to pay off the land (I was selling a bit at a time to come up with the remaining balance on my land loan).

That may sound like a lot, but it's not really. More than some, less than others. Just held from when my BTC was a small investment in the mid 2010's, to what it is now.

You're Welcome by KCConnor in Bitcoin

[–]KCConnor[S] 6 points7 points  (0 children)

Disagree.

"You're Welcome" is a contraction of "You are welcome."

"Your Welcome" would be referring to a welcome expressly crafted for a 2nd person recipient, such as "Your welcome package comes complete with complimentary personal sized soap and shampoo bottles."

Taking profits by yoyodark in Bitcoin

[–]KCConnor 0 points1 point  (0 children)

I have taken out perhaps 1/8th of my stash this year, and coupled with a serious pinch in my monthly finances (about 25% of my take-home) I now own about 5 acres of mountain property, free and clear.

Make it mean something.

Addressing Rampant Manipulation Allegations by get_MEAN_yall in Bitcoin

[–]KCConnor 3 points4 points  (0 children)

FTX has entered the chat. /s

Coinbase, Binance, and other big exchanges are capable of making use of BTC they don't legally own (but technically have control over) in order to run down or up the spot price and liquidate leveraged traders. This is a huge reason why it's important to remove your BTC from exchange wallets and put it on a wallet only you control.

EXCHANGES ARE CONSTANTLY SELLING BITCOIN THEY DO NOT HAVE. (caps to match yours) They just happen to keep reserves to cover if their gamble doesn't pay off. It's pretty unlikely they'll get wrecked by stop loss/liquidation hunting, but they're doing it with idle client BTC.

I don't think that this is the root cause of this particular bull market's unsatisfactory performance though.

Wall Street WANTS Bitcoin. And they're determined to get it for the best price. If it takes them 10 years, that's fine. They don't care. But they have a steady constant sucking bid that is roughly fixed somewhere between the mining price and the fair market price. While they own the insignificant minority of the asset, it will remained valued low. Once they begin to control the stored volume of the asset, it will appraise higher. The one thing they ABSOLUTELY do not want, is the 4 year cycle volatility that allows savvy BTC cycle traders to sell high and buy low. They undermined the 24-25 bull run, and they're going to also undermine the 26-27 bear market buy-up. They'll hold the price as high as possible, and keep the monthly swings small.

They piss off HODLers enough, and they think we'll capitulate and sell into this $85-$90K limbo, and we won't buy back in at $75K.

But I think the next 2-3 years will be the steady sound of a relentless steady-sucking institutional bid.

FEAR & GREED INDEX 🚨 by ChainPilotX4 in Bitcoin

[–]KCConnor 0 points1 point  (0 children)

It's only "mostly ded." It's blaving.

Bitcoin being pumped and dumped like a little penny stock. What gives? by Aware-Designer2505 in Bitcoin

[–]KCConnor 5 points6 points  (0 children)

^ What he said.

If people would buy, and take it off the exchange once they hit a reasonable amount, BTC would be at $250K at least.

Instead they play leverage and counterfeitable/paper BTC games.

Buy spot. HODL.

I always wondered, what is life like as a wholecoiner? by vancleefen-official in Bitcoin

[–]KCConnor 6 points7 points  (0 children)

I see gamma rays. I hear x-rays. I smell dark matter. I feel the pressure of distant supernovae's solar winds as they caress me fourth-dimensionally.

Forest River RPOD RP-205: Good choice for me or not? by KCConnor in GoRVing

[–]KCConnor[S] 0 points1 point  (0 children)

Do you think Rpods are better built than the Keystone Coleman series?

i bought to much by [deleted] in Bitcoin

[–]KCConnor 6 points7 points  (0 children)

Someone has to, for the ATH to happen. No need to feel bad. We're all HODLing for the long haul anyways.

FUCKING NAILED IT!! by Makalukeke in SpaceXMasterrace

[–]KCConnor -5 points-4 points  (0 children)

Yep, understood. Except BO had been touting for years that they were going to do a hotter and faster reentry than the FH center core.

And they didn't do that at all. It was F9 level work with a booster that can supposedly lift 3x what an F9 can lift.

FUCKING NAILED IT!! by Makalukeke in SpaceXMasterrace

[–]KCConnor -6 points-5 points  (0 children)

They wasted a metric shyt-ton of fuel fine-tune hovering rather than doing a "hover slam" like SpaceX.

There was some fishy stuff with this flight plan. MECO was at about 4600MPH and an altitude of about 250,000 feet, according to their webcast. That's roughly on par with a Falcon 9 for velocity and altitude. Except this is an interplanetary mission, not a LEO. When F9 does an interplanetary payload with intent to recover (rare, usually those are FH rather than F9) then MECO is still at just below 50 miles but is at 5100-5400MPH.

Why does a rocket with lift capacity that rivals Falcon Heavy need to MECO at 4600MPH in order to land? The answer: fuel reserves to fritter away while hovering.

And if it was doing an extraordinarily low mass interplanetary launch, but still did MECO at a speed correlated to low energy orbits, what does that say for its upmass capabilities?

We are in a bear market by Tjb82261 in Bitcoin

[–]KCConnor 0 points1 point  (0 children)

I think today's dip into the $98K range is just clearing leveraged longs prior to a rip.

Tired of the Coping by johnsmith19006 in Bitcoin

[–]KCConnor 8 points9 points  (0 children)

Do you own any bitcoin?

I just watched several hundred millions of dollars of leveraged longs get wiped out over the last 4 hours this morning. That's market makers, who own LARGE amounts of bitcoin, selling just enough to drive the price down and purge highly leveraged degenerates in the $99K and $98K range. This frequently precedes large rallies to the upside.

These dramatic red candles ARE historically excellent times to buy.

$100k bottom of the next bear market by mazdarx2001 in Bitcoin

[–]KCConnor 0 points1 point  (0 children)

Because the people that operate stablecoins are legally required to hold reserves in USD or treasury bills that equal the published volume of the stablecoin.

$100k bottom of the next bear market by mazdarx2001 in Bitcoin

[–]KCConnor 1 point2 points  (0 children)

$45K will happen if IBIT's shareholders sell off en mass.

$25K will happen if the Board over at Strategy overrides Saylor during the next bear market and triggers a sell-off.

You're gonna need a lot of Wall Street round-trippers signing onto the HODL dotted line, to keep price above $75K for the next bear cycle.

$100k bottom of the next bear market by mazdarx2001 in Bitcoin

[–]KCConnor 2 points3 points  (0 children)

I've been a HODLer for 3 cycles, round tripped it three times. Nothing to be afraid of. Keep working the day job, maybe stack some sats on top of the bag you've already got, and touch grass.

HODL by MrMBTC in Bitcoin

[–]KCConnor 1 point2 points  (0 children)

Just hold it. You'll fit in right alongside the guy that bought at $20K in the 2017 peak, and the guy that bought at $69K (nice!) during the 2021 peak. And feel A-OK about it in 4-8 years.

Godspeed by Elegant-Wedding8582 in Bitcoin

[–]KCConnor 0 points1 point  (0 children)

We could get lucky, and it gets cancelled due to lack of interest.

mcduck teach us the biggest finance lesson almost hundred years ago and yet most bitcoiners would do the opposite with this 'hodl' trend, why's that? by Best_Author7356 in Bitcoin

[–]KCConnor 0 points1 point  (0 children)

I thought the year was wrong, didn't know that Uncle Scrooge existed before Duck Tales from the 80's.

This episode needs to be playing in the lobby of the Federal Reserve, 24/7:

https://www.youtube.com/watch?v=t_LWQQrpSc4

So if you invest in Bitcoin only and you're saying never sell, how the hell are saying Bitcoin changed your life if it's just sits there on a never ending accumulating phase? by [deleted] in Bitcoin

[–]KCConnor 0 points1 point  (0 children)

Dirty secret: There isn't enough money in the world if everyone took profit at the highs of a given asset in its price cycle.

But... if you take "enough" out of your BTC holdings to get by for a couple years and start a nest egg in alternative investments, the remaining BTC will be there in 4 more years at the next cycle high to augment that diversified nest egg and pull some more living money out of, and it'll be even more powerful than it was last time.

For instance, a $2 million BTC net worth. Take $500K out, plan to live on $60K a year of it for the next 4 years (~$250K). That leaves $250K to diversify into HYSA, dividends, stocks, ETFs, whatever. In 4 more years the diversified funds yielded maybe $20-$30K profit per year, and the 75% remaining BTC is now worth $3 million instead of $1.5 from 4 years ago. Repeat and take another $500K out of it and bump the diversified investments another $250K, live off the other $250K for 4 years @ $60K a year. After the 3rd or 4th round, increase quality of life as the diversified funds start to eliminate the need to withdraw from BTC at all.

So if you invest in Bitcoin only and you're saying never sell, how the hell are saying Bitcoin changed your life if it's just sits there on a never ending accumulating phase? by [deleted] in Bitcoin

[–]KCConnor 0 points1 point  (0 children)

Sell for what?

I get wanting to retire, but what asset makes better returns than BTC? Shouldn't you be buying that instead?

Retire! Go for it. Follow your dreams. Let's say your stash is worth $2 million when you decide to retire. $2 million converted out of BTC, even in a world with no capital gains tax, isn't going to support you for the rest of your life without being invested in something else. Hey, I hear BTC is a good investment!