I don't think I agree with you.  In general (for most aspects of life) I agree that people deluding themselves or telling "white lies" to others to make them less sad/more optimistic etc. has a net negative effect, because it screws up the facts, and you need the facts in your decision-making processes to figure out the optimal solution.
However, I believe in trading it is well-known that people tend to be overemotional, and are often incapable of making rational decisions even if something is screaming "overbought" or "oversold" in their face.  Denying our emotional nature is self-delusion too.

Furthermore, I seem to get the impression that you think that my decision to look at it as "play money" will make me be riskier with my capital.  I don't think that is necessarily the case, because you also dampen the greedy emotions that lead to overinvestment in an overpriced asset.  At least, if you can do it right. I won't deny that I still thought/think about one day buying a house with BTC profits, or felt somewhat flustered/angry when the bubble collapsed that I didn't take more profit.  But I try minimize those thoughts when they occur.

Finally, I also believe that you can learn from your mistakes even without being (too) emotionally involved, perhaps even more so.  If I play a board game or a computer game, I strongly want to get better at it, regardless of the fact that there is no money involved.  But maybe that is because of my competitive nature when it comes to games, maybe I am just more emotionally involved to get started.  Could be that there is no right universal answer, and everybody needs to adapt based on their own character  .

I find it psychologically a lot easier not to look at it like that.  I believe if you start thinking that way, you get emotional and are more prone to mistakes.
Plus, I live happier if I look at it like 'play money' and 'lost the moment you start speculating with it'.  

I lolled  .

Indeed, bitcoin is by far the nicest way to transfer money  .

I would say the supply is pretty well-known, around 11M at the moment .

not much of a bounce is it?  Bigger drop to follow.

I think it's generally a good thing that there are bots (based on how they work of course).  They reduce the bid-ask spread or inter-exchange spreads.

Back to basics:
Btc is worth something because it has a use.  It can be used as money.  Money has value.

If you want to talk about price, it boils down to this: How much will it be used, and for what?  Is it the best money available? For everything, or only for certain niches? etc. ..

EDIT: of course, wheat and oil will always be used, bitcoin might not be, so its more risky in that aspect.  But imo, you can't say it doesn't have value.

I think volatility is indeed a big concern in developing countries, especially for the poor classes, plus the fact that they are in general probably less ingrained in the digital world.  
On the other hand, bypassing big infrastructure needs and probably less concern about financial regulations could make bitcoin very successful there.

Sounds like a good idea.  Hopefully they have a decent infrastructure, a capable crew and sufficient cash reserves to survive until this gets off the ground.

I bought peanuts so far (2-3% of my cash position).  More buy orders ready for if it falls deeper.

He isn't campaigning against bitcoin.  He is saying he thinks the price is overvalued for now.

Might very well be for the short term.  I am hoping it drops a bit further since I have some small buy orders under this level.

If it drops from 90 to 51 in one day, I ld call that panic...

I was thinking about proposing some sort of deal (I buy now for you, you buy with your money for me later), with a percentage in it for me, but its probably just asking for problems, I mean, exchanges can go down, funds frozen etc. ...  Doesn't seem worth it.

All the big ask walls didn't really matter when the bubble was going up.  All the big buy walls won't really matter now that we are going down.

Almost ready for the big drop...

Are you going to keep on necrobumping?

Rofl, priceless   .  It's embarrassing how many of those are true  , especially the 'foul bachelor frog' types.

Seems logical to me.  Otherwise, why would 1 buyer not have to pay while the other would have to pay?
+ you could change the amounts and percentage each time, no way to tell which money was lent out before.