Comment · Tue, February 9, 2021 · ND Owner
MisterYouAreSoDumb
Original post in this thread
M30MM100 · 183 points
I just want to say thank you to MisterYouAreSoDumb. The man is incredibly knowledgeable, highly professional, levelheaded, and a tremendous asset to the nootropics community.
He can undoubtedly retire and spend the rest of life operating a coconut farm on a tropical island but he’s on a mission and continues to serve the community.
P.S. MYASD - I read your message the other day about Bitcoin stressing you out - try not to stress about Bitcoin 😉 I’ve been in it since 2013 and I won’t start selling until it’s north of 100k 🙂
What they were answering
GettinWiggyWiddit · 2 points
Do you have a price target for btc? I know you’ve had skin in the game for a while so I’m sure you’re playing with house money, but is there an exit strategy or are just hodling till the final Bitcoin is mined?
u/MisterYouAreSoDumb · ND Owner
I think this bull run will top out around $130,000. I thought the last one would top around $10K, and it shot to $20K as a blowoff top, so I might be undershooting this one, too. Only time will tell. If it blew off topped at $200K I would not be surprised. I have predetermined sell points for my holdings. I am going to scale out as they get reached. One thing I have learned is to not try and time the tops and bottoms. Come up with a plan well in advance, set everything in motion to pull the trigger on that plan, then DO NOT break it. The only regrets I have are from breaking my plans. Because of that, I sold some BTC last night. It's my first time in a long time. However, it hit my price target and I executed. I think this run is going much higher, but I needed to take some off the table. I have a LOT of fucking crypto. I was getting uncomfortable with how much I was holding. I've been in this a long time and really have not sold much. I've basically sold once back in 2017 to help pay taxes for the company and expand our lab. That's it. Now I sold some more last night. It was only like 10% of my BTC holdings, though. I have not touched the other coins yet.
I can't express how stressful it is watching holdings fluctuate as much as crypto does. I had to watch my holdings drop by $5,000,000 after that last bull run. I don't care who you are, that's fucking rough! This time I have a plan and I am sticking to it. I will ride this wave and have fun with it. I will always hold some BTC, though. I will never be fully out. However, I am not going to HODL through another 70% drop. I will scale myself out, then scale back in at certain price points. I have OTC accounts that I trade with. They are available 24/7 365 for me. I pull up the chat, tell them how much I want to trade, they give me a price, I have 10 seconds to accept or reject, then I have 24 hours to settle after I accept. Easy peasy to trade large amounts of crypto without having to worry about slippage or exchange fuckery. No reason for me to HODL and not ride the movements this time. I am all setup to execute my plans this time without headache. The liquidity in the market these days is insane compared to when I got in. The ease at which I can trade crypto is light years ahead of back then. It was a royal pain in the ass to buy BTC back then, much less other coins. Now I can just pull up a Signal chat, get a quote, say accepted, and send a wire or BTC transfer within 24 hours. Super simple.
It's pretty weird for me to be here. I predicted this all happening in 2013. I told everyone that would listen to me. Hell, I told everyone here on Reddit, too. Anyone can go back through my post history and see. I have been yelling at anyone that would listen about Bitcoin for pretty much 8 years. However, predicting something and actually watching it happen are two totally different things. BTC is fucking $47,000 right now! The first BTC I mined was 81 CENTS. Eighty one fucking cents! It took me a few years to really convince myself crypto was the future, so I did not hold from back then. I used all my BTC for, uhh... things. LOL. However, I have basically been accumulating and holding since the $100 range. It's almost 500X from then. I'm sitting here looking at amounts I had never even personally dreamed of only a handful of years ago. Shit is weird. I am strapping in and mentally preparing to look at numbers that are just fucking stupid.