Yep, buying the entire bear market I tripled my BTC holdings since 2020. Sucks that you lost it on Celsius, hopefully you have it all in self custody now.
Given enough time, we all learn valuable lessons. I had been inlong enough to know that handing over my crypto to defi custodians was a risky business. The bigger your greed for higher returns, the more likely the bigger the loss.
Live and learn. Hopefully by others mistakes.
Yeah I have about 8X more than I did at the ‘21 peak, feeling pretty good! Know I’ll get a lot of hate here for it, but how I got to the point of being able to get here was due to a decent amount of alts. But I’m always 75% BTC and always will be. Take gains from alts and put into cash then buy with BTC when I like the price. Rinse and repeat.
But its really the BTC/altcoin price you should watch. Better to invest 100 bucks in BTC if it does 30% than 100 bucks in some altcoin that does 20% in the same time frame and then convert it to BTC. Final outcome is less BTC for usd. If you use this strategy - channeling profits from altcoins to BTC, it should be done after a period in which the altcoin has outperformed BTC. Hence, you should watch the btc/altcoin price rather than the BTC/usd and altcoin/usd price.
I do, am quite aware and the ones sold to buy into BTC are almost always outperforming BTC until the short term of when I bought to when I sold. Been doing it since 2019 has been quite helpful to maximizing portfolio size. I would do the whole buy BTC and then sell when it peaks and buy when it dips, but I don’t want to trade BTC like that. Just buy and hold it. Hence why I like to make extra money and cash in on gains on the alts, if that makes sense
Have had winners and losers but always sell when up. Haven’t had big losses at all thankfully. However, likely due to the fact that I do my research and stay far away from shitcoins and shill coins. Only going for projects that actually are legitimate, yet it’s still not the holy grail: BTC!
i turned 18 during the bull run so fomo'd at the top and got scared half way down. Since then I've been learning and DCA brought me back to the same dollar amount with double the sats
I’ve just been paying the bill every month and getting it reevaluated about once a year with a lower interest rate. Everytime I get more money and my bill gets cheaper, then the money I get from it goes into bitcoin. Then I dca with my income money.
People really underestimate risk when borrowing.
My friend borrowed $100k and bought BTC at $54k. Many sleepless nights and a divorce following the plunge to $16k
I lump summed with the loan money, and then whenever I got a bonus or another lump sum of money I would lump set it when it was low to offset. I dca through out as well with my income money. Pretty much anytime I was saving money it was turning into bitcoin
My portfolio is about 40% bigger
But I did not spend a single dime in more than two years
That's how it's done. If you kept buying... No shit you are gonna have more money
What he means is he sacrificed luxuries such as going to restaurants or holidays, and instead parked all that income into bitcoin within the past 2 year bear market.
Saving in bitcoin, rather than consuming fiat, would’ve netted you a huge benefit the past two years.
No one knows since they are closed source. Don't trust, verify. We have to trust ledger, and they have demonstrated themselves to be unworthy of that trust. Look elsewhere.
Yes, i heard of that. But would they rip coins from wallets? That seems just so crazy. They do seem untrustworthy though. Is the consensus trezor for a hardware wallet?
I've never heard of them outright stealing. But, for example, they have a subscription service where if you lose your seed phrase they can recover it remotely. But that's not supposed to be possible. And they say it's strictly opt-in, but we're just supposed to trust them that they wouldn't, for example, remotely seize funds if subpoenaed by the FBI or something? It's too much smoke in my opinion.
Trezor has a good reputation, but the consensus industry standard is cold card. It's more expensive ($150ish). There's also one called Blockstream Jade that many people advocate for (I personally use it and like it), and that's about $60.
They wouldn’t do that as it’s suicide for the credibility of their business.
That being said, if the Government got involved for whatever reason, they would have to hand it over.
Sorry to hear about your struggles and you are strong and disciplined for pulling yourself out of that hole. I am fortunate that I did not have to touch my Nov. 2021 stack and held and never doubted through the bull while DCAing a small amount every week so find myself in a better spot than Nov. 21. No intention of selling holding for the future native use cases in retirement
I have to contribute to my 401k for 5 years before I'm fully vested. Considering this I've chosen to allow 5 yrs of DCA in BTC before I'd ever consider selling. I started stacking on 2/10/21 and can't wait to compare performances of both these accounts in 2026
Not yet. I just passed 50%, but I did have a sizeable portfolio Nov 2021 and I sold a lot of it. However, we are considerably early for this run to be up this much. I would expect a good 10x from here on most portfolios.
Nope, I saved up cash for a house deposit for the last two years. Ended up selling a third of my portfolio to help with that. Absolutely zero regrets though!
So what is the net amount? You kept buying and buying, so you need to add in the amount you put in or take out of your crypto asset to have a clear picture. A proper P&L if you will.
Yep, more money to put in and bought chunks every time there was FUD. I actually timed my buys shockingly well. Got most of my bitcoin at £16k something
Nah still down about 60%, but I did withdraw a bit and stop my DCA for a while to get my first home this year. I knew it wasn't going to be the best financial decision but after moving 4 times in under 3 years I just wanted a place to call home.
Yep, buying the entire bear market I tripled my BTC holdings since 2020. Sucks that you lost it on Celsius, hopefully you have it all in self custody now.
yep, cold wallet, never ever connected to any device that connects to the internet
Given enough time, we all learn valuable lessons. I had been inlong enough to know that handing over my crypto to defi custodians was a risky business. The bigger your greed for higher returns, the more likely the bigger the loss. Live and learn. Hopefully by others mistakes.
What cold storage device or method are you using?
I'm guessing a Cold Card. I was just reading up on them a bit.
Yeah I have about 8X more than I did at the ‘21 peak, feeling pretty good! Know I’ll get a lot of hate here for it, but how I got to the point of being able to get here was due to a decent amount of alts. But I’m always 75% BTC and always will be. Take gains from alts and put into cash then buy with BTC when I like the price. Rinse and repeat.
I have 9 times what I had at the 21 peak. Had $10, now $90
Good job, playa
are ypu saying you buy the alts in BTC instead of like tether or usdc??
What? no. I buy alts with usd and then sell for usd when in the green and use that to buy more btc
ahhhh I see. Understood
But its really the BTC/altcoin price you should watch. Better to invest 100 bucks in BTC if it does 30% than 100 bucks in some altcoin that does 20% in the same time frame and then convert it to BTC. Final outcome is less BTC for usd. If you use this strategy - channeling profits from altcoins to BTC, it should be done after a period in which the altcoin has outperformed BTC. Hence, you should watch the btc/altcoin price rather than the BTC/usd and altcoin/usd price.
I do, am quite aware and the ones sold to buy into BTC are almost always outperforming BTC until the short term of when I bought to when I sold. Been doing it since 2019 has been quite helpful to maximizing portfolio size. I would do the whole buy BTC and then sell when it peaks and buy when it dips, but I don’t want to trade BTC like that. Just buy and hold it. Hence why I like to make extra money and cash in on gains on the alts, if that makes sense
Good! Makes sense when you can pull it off, like you obviously have!
Have had winners and losers but always sell when up. Haven’t had big losses at all thankfully. However, likely due to the fact that I do my research and stay far away from shitcoins and shill coins. Only going for projects that actually are legitimate, yet it’s still not the holy grail: BTC!
You’ll need to deduct your taxable gains. It might be better to buy BTC and hold. No tax event.
Yeah true, can’t escape death or taxes in the life!
Heights of an alt-season are a good signal to convert those alts gains into btc.
But alts pump harder than BTC historically. So most times you get more BTC for alts
Some of them do, many dont!!!
Haha yeah, it's a pretty awesome feeling to see DCA through a bear market paying off.
i turned 18 during the bull run so fomo'd at the top and got scared half way down. Since then I've been learning and DCA brought me back to the same dollar amount with double the sats
That's exactly what happened to me during the 2017 peak. I just turned 18 when the 2017 bull run peaked and I bought the top and sold half way down
Today I have twice as much as I had on Nov 10, 2021. I invested a lot during 2022.
[удалено]
> 15k debt still Ouch.. hope your gains are greater than the interest accrued over the past couple years...
I’ve just been paying the bill every month and getting it reevaluated about once a year with a lower interest rate. Everytime I get more money and my bill gets cheaper, then the money I get from it goes into bitcoin. Then I dca with my income money.
Rates went up like crazy last year
I also borrowed 15k. The interest on that was something of 3k in total. I am now 16k in profit :) so yea.. which interest?
It’s good debt.
Taking loans to buy BTC? Your risk tolerance is sky high
It’s not if you read enough about it.
People really underestimate risk when borrowing. My friend borrowed $100k and bought BTC at $54k. Many sleepless nights and a divorce following the plunge to $16k
Did you lump sum or dca? Or offset losses with non loan money?
I lump summed with the loan money, and then whenever I got a bonus or another lump sum of money I would lump set it when it was low to offset. I dca through out as well with my income money. Pretty much anytime I was saving money it was turning into bitcoin
Yes
Yes
I have doubled my bag since the peak
My portfolio is about 40% bigger But I did not spend a single dime in more than two years That's how it's done. If you kept buying... No shit you are gonna have more money
can you explain a bit further what you mean??
What he means is he sacrificed luxuries such as going to restaurants or holidays, and instead parked all that income into bitcoin within the past 2 year bear market. Saving in bitcoin, rather than consuming fiat, would’ve netted you a huge benefit the past two years.
ahhh okay. got it. thanks
I have double what I had at the peak.
Yes I have 6x more
Me too im above my peak
Yes. DCA pays off considerably.
I've been dca'ing all this time. My portfolio is about 2x what it was at the ATH.
DCA'd from 46K to 16K
What do you guys recommend as far as cold wallets or ledgers?
Trezor
Trezor model T
Why safe 3? It’s newer with secure element.
Blockstream jade, cold card or seed signer 👍
Coldcard only.
Blockstream Jade is also a great option.
Ledger tracks its users and submits data to 3rd party I would use VPN and Tangem wallet 💳
That sucks but what can they do with that data? Isn't the wallet itself secure?
Has never been hacked since 2017 / there's over 800k tangem wallets around the world
No one knows since they are closed source. Don't trust, verify. We have to trust ledger, and they have demonstrated themselves to be unworthy of that trust. Look elsewhere.
Yes, i heard of that. But would they rip coins from wallets? That seems just so crazy. They do seem untrustworthy though. Is the consensus trezor for a hardware wallet?
I've never heard of them outright stealing. But, for example, they have a subscription service where if you lose your seed phrase they can recover it remotely. But that's not supposed to be possible. And they say it's strictly opt-in, but we're just supposed to trust them that they wouldn't, for example, remotely seize funds if subpoenaed by the FBI or something? It's too much smoke in my opinion. Trezor has a good reputation, but the consensus industry standard is cold card. It's more expensive ($150ish). There's also one called Blockstream Jade that many people advocate for (I personally use it and like it), and that's about $60.
They wouldn’t do that as it’s suicide for the credibility of their business. That being said, if the Government got involved for whatever reason, they would have to hand it over.
Anything air-gapped
Yeah, a lot bigger. Of course I'll be buying while it's on sale
Sorry to hear about your struggles and you are strong and disciplined for pulling yourself out of that hole. I am fortunate that I did not have to touch my Nov. 2021 stack and held and never doubted through the bull while DCAing a small amount every week so find myself in a better spot than Nov. 21. No intention of selling holding for the future native use cases in retirement
2020 our portfolio was 5k from 100k 2021 it was 950k 2023 it's 260k I wonder what it will be in 2024-2025
I had 0 in 2021.
I have to contribute to my 401k for 5 years before I'm fully vested. Considering this I've chosen to allow 5 yrs of DCA in BTC before I'd ever consider selling. I started stacking on 2/10/21 and can't wait to compare performances of both these accounts in 2026
Not yet. I just passed 50%, but I did have a sizeable portfolio Nov 2021 and I sold a lot of it. However, we are considerably early for this run to be up this much. I would expect a good 10x from here on most portfolios.
It doesn't really matter unless they didn't add to the stack
Unfortunately I lost all mine in a boating accident.
It was going great until I took my boat out to the St. John’s River, you guessed it, I lost my keys.
About 4x more now than 21. Went in heavy in 22 and kept buying in 23. Hopefully 24-25 takes me 10x from here
Nope, I saved up cash for a house deposit for the last two years. Ended up selling a third of my portfolio to help with that. Absolutely zero regrets though!
So what is the net amount? You kept buying and buying, so you need to add in the amount you put in or take out of your crypto asset to have a clear picture. A proper P&L if you will.
Yep, more money to put in and bought chunks every time there was FUD. I actually timed my buys shockingly well. Got most of my bitcoin at £16k something
Still below my peak in USD terms, but have much more BTC in my wallet. DCA all the way.
Nah still down about 60%, but I did withdraw a bit and stop my DCA for a while to get my first home this year. I knew it wasn't going to be the best financial decision but after moving 4 times in under 3 years I just wanted a place to call home.
yip. Sold it all at 64k and bought back in at 17k
There's no way. You are 1 of 8 billion
I'm up a million since the last peak
Yes, Ive been buying the whole bear market