Get the fuck outta here with your 'we' nonsense. You don't get to dictate what I do.  See? I do what I like. You got me on that one.. but I am sticking with my prior claims...  Perhaps some of us can stay in a decent mood, as long as BTC prices don't devolve too much from here (including the seeming upward rising wedge that is currently in the charts), but if "we" get another decently-sized price dip (perhaps below $6,500?), there may be a few more mudfights that involve naked flying.  It is not going to be no fat and happy mudfight, neither.  TLDR: perhaps if BTC prices stay above $7k, decently positive WO normie moods can be preserved... |
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$19,666 on that same date (December 16, 2017)... since we use Bitstamp in these here parts as our BTC ATH price reference point. |
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(A) Delete more posts trying to steer the conversation away from Bitcoin
(B) Delete more offensive posts (nazi-related, etc.)
(C) Both of the above / general increase in moderation needed
(D) The moderation has been fine
(E) We need less moderation / pure anarchy
(F) We need a new thread moderator
I voted (D), because I know I couldn't do any better than Infofront. A thankless job, almost invisible if swiftly managed. I would also like a few more distracting posts deleted - in the direction of (B), not A or C. The problem is drawing a straight line and, more importantly, spending the energy - physical and emotional - to implement it. Calling him out is really a bit unforgiving. Let's be honest: We all do take turns in engaging such unsavoury characters. I agree that the auto-propagation of /ignore's to direct quotes would be quite useful. TL;DR Necessary evil. Deal with it. Use that button if you must. Bitcoin is not just about money and tech, it's a cultural shift. Nazis are part of that. Get over it already. Hahahahahaha... nice one, Ibian. Trying to assert that Nazi-ism is not only related to bitcoin, but serves some kind of important spot in the whole scheme of bitcoin relevance... Gotta give you a bit of credit for your creativity on that one, even though your point remains a bit of a stretch, especially the way those kinds of topics are frequently presented in this thread.... |
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Yesterday, I had a $100 private purchase with a relative.
I know that some ACH bank transfers are free; however, after I discovered that my bank was going to charge me $3 to ACH transfer our $100 amount, we agreed to follow through with your transaction with bitcoin.
Let me say that I had done bitcoin transactions with this particular relative in the past (I had sent him $10 when BTC prices were $385, and about a year and a half later, I had sent him $30 when the price was $420), so I knew that the relative was somewhat familiar with bitcoin, but I also knew that the relative was very doubting about bitcoin. Therefore, I was a bit surprised that he was willing to do our transaction in bitcoin. Before he agreed to receive the $100 in bitcoin, I made a bit of a sniping comment about his seeming lack of bitcoin enthusiasm, and I said something about him not even being able to figure out what was a bitcoin address.... hahahahhahahaha..
Anyhow, he agreed, and I sent the transaction, and I even included a bit more (sent him $105 when BTC prices were about $8,372) in order to be assured that everything was covered and he would be able to cash out with at least $100 at any time that he wanted. Within less than 30 minutes of the transaction, he made his own sniping comment back at me and said that the BTC transaction was showing as pending as $104.81 - suggesting that it already lost value.
So I sent him back a text saying that he could cash out his bitcoin at any time and even though there are not guarantees, there remains a decent chance that at various points within the next 3 years that his received bitcoin will be worth at least 50% more than it's current value, and that there are not too many other assets that I would be comfortable making a similar kind of an assertion. As I type this post, BTC prices are about $7,500, and the value on my wallet is showing the value of the $105 at about $106.91.
Accordingly, I conclude that my yesterday's Btc prediction to my relative was fairly conservative.
Furthermore, with almost anyone getting into bitcoin, I feel relatively comfortable recommending at any Btc price point that they put at least 1% of their quasi-liquid investment value into bitcoin. Of course, any newbie bitcoin investor could increase that investment amount up to 10% and even though such an increased allocation would be more risky, it would not compose a very large amount of their total quasi-liquid investment capital.
Maybe some of you guys in bitcoin have been investing into bitcoin for several years, and maybe you did not put 100% into bitcoin, but you put a decent percentage, something like 5% of your initial investment into bitcoin? But probably now the value of your bitcoin assets is in the 40% to 70% or more arena even though you may have also pulled out some or all of your initial investment?
Is 40% to 70% allocation an Over-allocation into BTC?
I believe that my current allocation into BTC is about 75%, yet that allocation had grown to over 90% when the btc price had gone up to $19,666, even though my initial starting investment amount was in the 10% to 15% arena.
Am I Over-allocated into BTC?
My particular imbalance of value towards Btc came from Btc price appreciation over the past 2.5 years rather than from my putting that value into Btc but still doesn't seem to motivate me to want to pull out a lot of the value from Btc even when having such a volatile asset composing such a large percentage of my total does cause ongoing erratic value swings. Go figure.
I have very little faith in fiat currencies and definitely do not keep more than 5-10% in them at any one time. What country is stable enough to hold their fiat? Even investments denominated in fiat are still subject to the inflationary nature of the underlying fiat. If you look at the US, they are currently $20 trillion in debt with over $100 trillion in unfunded liabilities (meaning, future promised money will not be able to be paid by future taxes). The payment per year in just the interest on the debt is around $300 billion. The defense budget is one of the highest expenditures at $600 billion. Eventually the interest on the debt will be higher than defense spending. The only way to keep paying it will be to borrow more which makes the interest payment higher going into a debt spiral. The only way out of it is to either raise taxes (which will only go so far) or cut spending (never gonna happen) or the easiest thing to do is print enough money so that $20 trillion is not that much money (same as a loaf of bread). My thought is that they will choose the latter. What happens to your $100k in google stocks when $100k is worth a tank of gas? When I was referring to quasi-liquid assets, I was thinking about any kind of asset that you could invest into, and performing a kind of ball park estimation about what the value of those assets would be, and then considering investing (or allocating) a portion of the value of those assets into bitcoin. Since this is the dollar to bitcoin thread, we frequently talk in terms of dollars, and surely some of our assets will be directly in dollars, but some of our assets will be directly related to the dollar, such as owning stocks or bonds or some combination of index funds. When I got into bitcoin, I was not a newbie to investing because I had bought property and I had also dollar cost average invested into various kinds of stocks and bonds like products. There were times that I had also considered investing in PMs such as gold and silver because I had considered that so may of my investments were so tied into the value of the dollar that gold might provide a decent amount of non-correlation, yet some of the cumbersome nature of gold and silver and even attempting to verify that it is legitimate or figuring out how to spend it in an emergency, made me consider hoarding or even accumulation of pms to be very impractical. Even in late 2013, when I first started looking into Bitcoin, there seemed to be a certain gold-like and non-correlated value in bitcoin that brought a certain level of insurance (and hedging) comfort from putting a portion of your total assets into it (just so your investments are not so much tied to one thing - which I had considered to be the dollar). One other aspect of liquid asset might be assessing something that is not very liquid, such as a business that is worth $200k or something like that, but maybe the non-liquid aspect of it would cause a quasi-liquid assessment of $20k or some fraction of the value (merely because such business is not very liquid) - and similar calculations of liquidity may be made of other assets in order to determine how much to invest into bitcoin and what might be a 1% investment or a 10% investment... approximately. |
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First of all, I am not attempting to bait anyone...
Bullshit. The fact is that you only try to strike up conversation here on this thread, simply to pick a fight with someone and try to condescend them in order to somehow pump up your own ego and make yourself feel smart or important. You've done it countless times to many people here. How sad. That's like your opinion, man, which is over-reading my actions or my motivations. O rly? Here's a sample of how you talk to people. And this is just from the last 6 pages of your post history:
JJG's GUIDE TO WINNING FRIENDS WITH CONDESCENSIONGet the fuck out of here with your nonsense proclamation that.... If you are that dumb, then you are not trying hard enough... I am merely quibbling with the mixture of your nonsense points.... Sounds like a bit of an exaggeration... ...rather than recognizing the bullshit of your previous ideas.... Get the fuck out of here with your nonsense proclamation that.... I just conclude that you are so much embedded into a kind of gambling mentality and you are trying to play with all or nothing strategies, too much.... Only a rookie would not safeguard his backup key... ...but one of the problems with your whole argument is.... You are setting yourself up for failure... Who cares? Get the fuck over it... You are coming off as one of those... I'm calling you out on this one... Have you made any kind of point in your above post?... Maybe I take the most issue with any kind of claim that the market is stagnant?... Either interpretation of your statement makes little sense, especially if we look at actual facts... Perhaps you are getting caught up in the weeds a bit?... You are really beginning to come off as a crack pot... You seem to be just making shit up... I get the sense that you are just guessing... Aren't some of these seasonality cycle narratives a bit ridiculous?... Give me a break with your discussion of what you believe to be... Get the fuck out of here with your "only thing" FUD spreading attempt nonsense... Both of these are not very fleshed out concepts... Below, I am going to pick apart each of the strategies... For me, this is a bit of a nonsensical point... You seem to be causing your own issues and drama by attempting to defend your own posting... Each of us have our online personalities, and you don't like my online personality because you conclude that I am too mcuh meanie.., and apparently, I don't consider those "tone examples" of yours to be as problematic as you do. Let's get to the substance of what I am saying, rather than getting caught up on tone and concluding that I am on some kind of "ego driven" mission... In other words, get real torquey porkey... And, get the fuck out of here with your assertion that those tone examples are some kind of meaningful evidence of a problematic pattern of my ego are something, except they may well demonstrate that you are "too sensitive"   |
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Is 40% to 70% allocation an Over-allocation into BTC?
I believe that my current allocation into BTC is about 75% Yep basically thats how becoming over balanced would work out. When I invested 10% - 15% of my quasi-liquid assets into bitcoin, it took me a bit more than a year to reach the lower levels of that allocation, and I was NOT investing more than I felt comfortable in losing. In other words, I spread out my entry into bitcoin in order to feel comfortable with me reallocation. My other assets that were 85% - 90% of my total have not gone down in value, and they have gone up in value, too, but the bitcoin proportion has gone through the roof. I don't even feel close to being over-allocated in bitcoin, even though currently, it does represent about 75% of the value of all of my total quasi-liquid investment capital. Furthermore, I believe that my strategy to buy BTC as the price goes down and to sell BTC as the price goes up, causes me to feel additional comfort in my choice to keep my allocation without feeling stressed - and even the approximate 25% of my other investments seem to be enough for me to live decently comfortable on, if necessary... so my BTC (even though it seems to be a really large allocation) seems to be a kind of icing on the cake... surplus that is just subsiding there. I generally say 1% in gold helps alot, its heavy it counter balances alot :p but most people over estimate their free capital.
I specifically chose not to invest in gold because I did not want to have its storage costs and its lack of mobility. So, I don't see why investing 1% in gold is going to help me to feel any more secure when I don't feel insecure at the moment. By free I mean you have it to save for like ten years as capital not money before a bill comes due.
Some people who have already dealt with storing gold might feel comfortable with holding some gold.. sure. Property ownership can hold some of that similar concrete value, too, if you feel comfortable having a certain level of being tied down or some of the possible maintenance costs associated with property. I already have some property, too.. that surely is not very liquid, so it is partly already included in my 25% of non-bitcoin assets. Some dont subscribe to the idea of capital allocation and balancing so thats really upto the individual.
Of course, there is a lot of individual variation, also in terms of how mobile an individual might want to attempt to be. Taking more risky routes could pay off but the point is to avoid the risk, also thats losing some of the gains quite possibly
Risk? Like what? Putting some value in alts? Maybe some day, but likely not for me. I agree that any of us likely have to keep our minds open to some investment types that might cause us to feel more comfortable, and there is a lot going on in alts that could, someday, cause some motivation to put some value in the direction of various alts. |
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First of all, I am not attempting to bait anyone... You are just too fucking emotional...
<wordy words deleted>
 Fuck those charts... They were probably compiled from bcasher notes.  |
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First of all, I am not attempting to bait anyone...
Bullshit. The fact is that you only try to strike up conversation here on this thread, simply to pick a fight with someone and try to condescend them in order to somehow pump up your own ego and make yourself feel smart or important. You've done it countless times to many people here. How sad. That's like your opinion, man, which is over-reading my actions or my motivations. People give me shit, sometimes, too, and you don't see me go running off and crying about it. Furthermore, if someone is attacking me personally and also making some points, I don't tend to edit their post to "blah, blah, blah" while ignoring its substance and just focusing on the poor me part. You seem to be smart enough guy, Torque, but whether you agree with me or not, my observations are that you go into fantasy nonsensical land sometimes, and I have a right to express that opinion, even if I were to be wrong (which doesn't seem too likely... hahahahhahahaha   ) because of course, I am similar to you in regards to not too frequently admitting when I am wrong - because you gotta convince me, first, which is not too likely to happen. |
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Blah blah blah
Blah blah blah
Surely, your age slotting is not very helpful, and my response is likely going to just cause you to double-down, again, because you seem to like to argue for the mere sake of it, rather than recognizing the bullshit of your previous ideas down this age path.
Once again JJG, fuck off. All you ever do is try to bait people into a supposedly friendly debate, and then you fucking condescend them even when they are making perfect sense or are in the right. So fuck off, I'm done ever conversing here with you again. And pls don't quote me or try start something up again. You are a buffoon. Like a clown. A court jester. Nothing more. No one takes you seriously. Back to /ignore with you First of all, I am not attempting to bait anyone... You are just too fucking emotional. Second, I agree with a lot of your points, but sometimes you just go way the fuck out there into never never land with your pie in the sky observations, and then you double down on ridiculousness in order to attempt to make your points. Surely, it is sad that you cannot attempt to focus yourselfie on the actual substantive points rather than feeling as if you are being personally attacked, even though sometimes comments about your sensitive personality are made, whether by me or by someone else..... In sum, you surely do seem thin-skinned for these here interwebs. |
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(A) Delete more posts trying to steer the conversation away from Bitcoin
(B) Delete more offensive posts (nazi-related, etc.)
(C) Both of the above / general increase in moderation needed
(D) The moderation has been fine
(E) We need less moderation / pure anarchy
(F) We need a new thread moderator
I voted (D), because I know I couldn't do any better than Infofront. A thankless job, almost invisible if swiftly managed. I would also like a few more distracting posts deleted - in the direction of (B), not A or C. The problem is drawing a straight line and, more importantly, spending the energy - physical and emotional - to implement it. Calling him out is really a bit unforgiving. Let's be honest: We all do take turns in engaging such unsavoury characters. I agree that the auto-propagation of /ignore's to direct quotes would be quite useful. TL;DR Necessary evil. Deal with it. Use that button if you must. I found the new poll to be quite humorous, and to see that Infofront is interested in what the masses have to say on the topic. He surely does a decent job with moderation, and I believe him when he says that he does spend some time deleting some posts.. but also disclosing that he does not have the power to ban.. but I would imagine that if he wanted to get someone banned, there may be some weight there for him to report some of the more abusive patterns, which many of us recognize coming from the bug... |
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This is true. As Bitcoin continues to live on though, it will be the younger, newer generations of Average Joe that takes a chance with Bitcoin. They come into the working world with more disdain for the existing financial structure, less debt (except student loans), less skepticism of Bitcoin, less to lose and everything to gain.
Grandma and Grandpa ain't coming in droves, sorry. Grandma and Grandpa can't even afford to buy Precious Metals anymore, much less Bitcoin. Plus the MSM has mindfucked them to believe that Bitcoin is a scam.
Get the fuck out of here with your nonsense proclamation that regular Joes cannot afford bitcoin. They only believe that they cannot afford bitcoin, which seems to tie in with your overall point that they are being mindfucked by mainstream media. Ultimately, you and I are likely pretty close to agreeing, and probably I am merely quibbling with the mixture of your nonsense points that are embedded into your other relatively decent points.  Nah, I think you are just quibbling. Exactly... I am quibbling with your actual word choice, and I bolded such word choice in case you were to miss it. Grand fucking ma, buy a fraction of a bitcoin, you do not have to buy a whole bitcoin. If you are that dumb, then you are not trying hard enough. I still stand by what I said. With the exception of Jimbo and maybe a few other guys here over the age of 60, most I have met have zero interest in Bitcoin.
Sounds like a bit of an exaggeration. I understand the concept that there are a lot of fucking stupid people out there that don't want to know about BTC, but that correlation is not that likely to be about age rather than just being brain washed by mainstream media... In other words, stop with your nonsensical conspiratorial generalizing about age. They think it's a scam created by the gubmint to get everyone into their "centralized digital currency" in order to control them.
Yes, of course, that is a statement about a lot of misinformed people and not merely about age. They don't trust it. They trust PMs more.
ditto. NOT an age-related statement, or at least it should not be. Plus a lot of baby boomers are just flat broke and in debt. They are spending all their money on bills and trying to enjoy life.
You are fucking crazy to be stereotyping baby boomers like that. There are a lot of people who are broke as fuck and living paycheck to paycheck, and it is not too likely to be merely a baby boomer phenomenon. If you go younger, in the 40-50 yr old range, you find a lot of guys that are just flat out hostile towards Bitcoin, like it threatens their very way of life or something.
O.k.. now you are going to generalize other age groups?  You should of heard the vitriol that my (former) Accountant was spewing about Bitcoin in 2013. Thank god I didn't listen to that idiot and dumped him. Most guys in that age range I've talked to simply scoff and laugh at the notion of buying any bitcoin.
Many accountants and investment advisors are going to be sticking to traditional investments. So, yeah, it was better for you to drop someone who does not have the proper training or thinking, but it is not an "age" thing. I believe that you have to go down to the under-35 crowd before you start finding many people with an open mind toward Bitcoin...
Yeah right Go down to 14 and you get peeps who are smart about Ethereum and ERC20 related pump and dumps. Surely, your age slotting is not very helpful, and my response is likely going to just cause you to double-down, again, because you seem to like to argue for the mere sake of it, rather than recognizing the bullshit of your previous ideas down this age path. |
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Yesterday, I had a $100 private purchase with a relative.
I know that some ACH bank transfers are free; however, after I discovered that my bank was going to charge me $3 to ACH transfer our $100 amount, we agreed to follow through with your transaction with bitcoin.
Let me say that I had done bitcoin transactions with this particular relative in the past (I had sent him $10 when BTC prices were $385, and about a year and a half later, I had sent him $30 when the price was $420), so I knew that the relative was somewhat familiar with bitcoin, but I also knew that the relative was very doubting about bitcoin. Therefore, I was a bit surprised that he was willing to do our transaction in bitcoin. Before he agreed to receive the $100 in bitcoin, I made a bit of a sniping comment about his seeming lack of bitcoin enthusiasm, and I said something about him not even being able to figure out what was a bitcoin address.... hahahahhahahaha..
Anyhow, he agreed, and I sent the transaction, and I even included a bit more (sent him $105 when BTC prices were about $8,372) in order to be assured that everything was covered and he would be able to cash out with at least $100 at any time that he wanted. Within less than 30 minutes of the transaction, he made his own sniping comment back at me and said that the BTC transaction was showing as pending as $104.81 - suggesting that it already lost value.
So I sent him back a text saying that he could cash out his bitcoin at any time and even though there are not guarantees, there remains a decent chance that at various points within the next 3 years that his received bitcoin will be worth at least 50% more than it's current value, and that there are not too many other assets that I would be comfortable making a similar kind of an assertion. As I type this post, BTC prices are about $7,500, and the value on my wallet is showing the value of the $105 at about $106.91.
Accordingly, I conclude that my yesterday's Btc prediction to my relative was fairly conservative.
Furthermore, with almost anyone getting into bitcoin, I feel relatively comfortable recommending at any Btc price point that they put at least 1% of their quasi-liquid investment value into bitcoin. Of course, any newbie bitcoin investor could increase that investment amount up to 10% and even though such an increased allocation would be more risky, it would not compose a very large amount of their total quasi-liquid investment capital.
Maybe some of you guys in bitcoin have been investing into bitcoin for several years, and maybe you did not put 100% into bitcoin, but you put a decent percentage, something like 5% of your initial investment into bitcoin? But probably now the value of your bitcoin assets is in the 40% to 70% or more arena even though you may have also pulled out some or all of your initial investment?
Is 40% to 70% allocation an Over-allocation into BTC?
I believe that my current allocation into BTC is about 75%, yet that allocation had grown to over 90% when the btc price had gone up to $19,666, even though my initial starting investment amount was in the 10% to 15% arena.
Am I Over-allocated into BTC?
My particular imbalance of value towards Btc came from Btc price appreciation over the past 2.5 years rather than from my putting that value into Btc but still doesn't seem to motivate me to want to pull out a lot of the value from Btc even when having such a volatile asset composing such a large percentage of my total does cause ongoing erratic value swings. Go figure.
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Remember the good ol' days when this was the place to find out wtf was happening with the price?  I remember those days. Something I have wondered and I've been meaning to ask, what happened to that wall observer bot? The one that would post the depth chart every few hours? It appears to be gone completely. RichieT did a rage quit with his Chartbuddy about 2 years ago. He got all BIG blocker nutjobie, and at that time concluded (and still seems to hold such sentiments) that theymos was censoring his feelings too much, and he was going to take his marbles... You or anyone else with the possible skills who wants to could program a chartbuddy, and I am sure that anyone would receive a lot of positive praise for such proactivity.. likely merits, but maybe if the bot performed well, even a few folks would donate some token amounts of BTC (no guarantees, of course)? yea, i miss the old chart buddy,... he was nice. Chartbuddy did not talk back to nobody.. merely provided a stream of continuous edumacation, and could fill the thread for hours and hours, just in case live peeps were not interested in posting. |
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They changed bitcointalk policy due to NotLambChop's epic trolling.
I wonder how long it will take to do the same for this troll.
My suggestion:
Allow for auto-ignore of all posts quoting ignored posts.
What is your evidence that NOTLambChop caused some kind of change in bitcointalk's policies? Trolling has been going on since the beginning of the forum, and maybe the bot phenomenon is more common in the past year or two (which is after NotLambChop was banned). The merit system seems to be an attempt to address the trolling and bot proliferation issue.. but what meaningful and/or significant actions did bitcointalk take specifically in regards to NotLambChop, besides banning him? |
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For the market to grow like we all hope it will, regular people are going to have to come in droves.
No, this is wrong. Current fiat (or any asset) wealth is not distributed evenly across the population, in fact it is well-documented and heralded as being increasingly concentrated in fewer and fewer hands. By this reason alone, relatively very few have to come to bitcoin to replace fiat as the dominant wealth storage and measurement mechanism. This is true. As Bitcoin continues to live on though, it will be the younger, newer generations of Average Joe that takes a chance with Bitcoin. They come into the working world with more disdain for the existing financial structure, less debt (except student loans), less skepticism of Bitcoin, less to lose and everything to gain. Grandma and Grandpa ain't coming in droves, sorry. Grandma and Grandpa can't even afford to buy Precious Metals anymore, much less Bitcoin. Plus the MSM has mindfucked them to believe that Bitcoin is a scam. Get the fuck out of here with your nonsense proclamation that regular Joes cannot afford bitcoin. They only believe that they cannot afford bitcoin, which seems to tie in with your overall point that they are being mindfucked by mainstream media. Ultimately, you and I are likely pretty close to agreeing, and probably I am merely quibbling with the mixture of your nonsense points that are embedded into your other relatively decent points. |
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Remember the good ol' days when this was the place to find out wtf was happening with the price? I remember those days. Something I have wondered and I've been meaning to ask, what happened to that wall observer bot? The one that would post the depth chart every few hours? It appears to be gone completely. RichieT did a rage quit with his Chartbuddy about 2 years ago. He got all BIG blocker nutjobie, and at that time concluded (and still seems to hold such sentiments) that theymos was censoring his feelings too much, and he was going to take his marbles... You or anyone else with the possible skills who wants to could program a chartbuddy, and I am sure that anyone would receive a lot of positive praise for such proactivity.. likely merits, but maybe if the bot performed well, even a few folks would donate some token amounts of BTC (no guarantees, of course)? |
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...
way too many (valid) points for me to address.
Was watching this and I think he states what I was trying to say in a much more concise manner. Good thing as I was not wanting to come back in here and clarify point by point. ; https://youtu.be/_Iisu0snIL0?t=3076I watched your 1 hour video link above of Edward Snowden, and it appears to me that Snowden is being interviewed as some kind of bitcoin conference, yet Snowden does not really seem to know a lot about bitcoin or cryptos. Sure, Snowden is a bright guy, and he really seems to frame a lot of his world focus and views based on privacy and based on issues with the government, but it surely seems to me that he has not really consciously identified or prioritized the revolutionary nature of bitcoin. By the way, Snowden mentioned that he is a fan of zcash and monero, and he likes those coins for their privacy features - but he does not seem to appreciate the potential future contributions of Bitcoin's lightning network to evolve similar and possibly more powerful features due to the likely future greater bitcoin liquidity. |
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Perfect ..."then skim 10% or 20% off of the top and put into fiat"... Metal, Stocks, Real estate as well if you can Was having the same problem This solved it still doubt how much to sell and when but the skim makes you feel comfortable If it all goes away you got more than what you started at Cheerin I have rarely had to take any extra skim because I tend to sell on the way up and then to reallocate along the way... so every time that I am feeling out of kilter, I only have to skim 1% or so in order to get myself into a kind of comfortable rebalance. Another part of my cash that I monitor is how much fiat that I have available (within my investment system to continue to buy on the way down). If it appears that I am going to run out of fiat on the way down, then I have to make adjustments to my buying schedule to buy smaller amounts and/or to buy less frequently. Surely, for any of us who are BTC accumulators, it is uncomfortable to experience the BTC price going down, because we are more rich, overall, if the BTC price goes up, but there remain ways that we can attempt to maintain less emotionality towards price movements by keeping some dry powder... and just keeping faith that the longer term, whether that is 1 year or 3 years or 5 years, or perhaps longer, we are going to be able to cash out some or all of our accumulated bitcoin that are likely much higher than the average price that we bought them... Of course, the break even and the profit price points are going to differ from person to person, and a lot of the dilemma that seems to currently be occurring with long term BTC hodlers is whether to skim a bit of profits right here to feel more comfortable, but it is not tending to be a question of selling at a loss, so the question of selling at a loss would likely be a different one related to long term faith, and likely a need to either continue to buy or to HODL rather than skimming a bit off the top, at these currently down more than 60% from the top BTC prices. PS: By the way, don't blame me, if you skim a bit off, and you end up selling at the bottom because BTC prices go shooting up from here. In the end, you are responsible for your own actions and your own measures to feel more comfortable, and each of us needs to have enough comfort feeling in our decision(s) that we feel prepared for the price do go in either direction. We are NOT just preparing ourselves for one direction, because if you prepare yourself only for one direction, then you are gambling rather than really stabilizing your BTC/fiat holdings. |
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The biggest pump and dump in the history of the world. Kudos, Bitcoiners!
The dark side I sense in you ah hell, if that is the case it was a lot of fun....if it becomes 'Tulip City' so be it...I THINK I can squeak by till full retirement on my 3 year retire early gig...so I guess, anything beyond pulling that stunt off is gravy...(or my start on self-justification for not selling and in HODL mode...if it pans out to Tulips...a lousy 'go to hell' plan...but sheesh...most fun I've had these last 5 years since College...) a fun ride ..we will see if it ends in a glide....or a crash... You were here in 2013, this is nothing to worry about. Whale manipulation & mass accumulation stage. Don’t go anywhere until at least 2021. Maybe you have noticed a pattern, LFC? Searing seems to continuously talk as if he is getting scared out of his stash, but for some reason, he has continued to HODL on...... at least his online persona seems to have made that impression.  yes...befuddled I am indeed.....my fingers are getting tired hanging this ledge over the abyss, however... alas, in previous years 2013 to say Jan 2018 I was under the 'delusion' that I had an idea of wtf was going on... yep...that cat left the house I suppose someone can start a pool...when will Searing crack up and sell.....Ack! The biggest pump and dump in the history of the world. Kudos, Bitcoiners!
The dark side I sense in you ah hell, if that is the case it was a lot of fun....if it becomes 'Tulip City' so be it...I THINK I can squeak by till full retirement on my 3 year retire early gig...so I guess, anything beyond pulling that stunt off is gravy...(or my start on self-justification for not selling and in HODL mode...if it pans out to Tulips...a lousy 'go to hell' plan...but sheesh...most fun I've had these last 5 years since College...) a fun ride ..we will see if it ends in a glide....or a crash... You were here in 2013, this is nothing to worry about. Whale manipulation & mass accumulation stage. Don’t go anywhere until at least 2021. Maybe you have noticed a pattern, LFC? Searing seems to continuously talk as if he is getting scared out of his stash, but for some reason, he has continued to HODL on...... at least his online persona seems to have made that impression. Well, Searing is close to (if not already) 65 years of age and on a fixed income now since he retired. I realize he has some money from a 401k but now his overall wealth is probably fluctuating tremendously due to Bitcoin and it seems to me that his Bitcoin stash is what made him comfortable in his retirement decision. I can understand his concern. Yep, this pretty much sums up my cowardice....dump the BTC as a sure thing, keep the Alts ..if the Alts pump, I missed making more money because the BTC pumped...if the alts dump, well than obviously dumping the BTC was wise... but if bitcoin dumps then the alts will dump too...and I will be doubly underwater but yeah...essentially cowardice...on my part... I admit that I feel a bit uncomfortable making fun at your expense, but I have to credit you with revealing the real dilemmas that exist, even when HODLing within a decent amount of profits (which seems to be your current situation). Regarding a possible poll of "when Searing will crack?," that could be a fun one, but again such a topic would be at your expense, so such a poll could be a bit uncomfortable - except for the fact that you are acknowledging your own seeming precipice. Regarding your outline of possibilities in front of you, I just conclude that you are so much embedded into a kind of gambling mentality and you are trying to play with all or nothing strategies, too much. Why can't you be a bit more moderate about your approach without worrying so much? Figure out a proportionality between various coins that make you comfortable, and then once you get that proportionality, then skim 10% or 20% off of the top and put into fiat (if that is a comfortable amount for you), so that you will feel more comfortable in the event that prices of whichever crypto goes down. Personally, I would say fuck you to a lot of the alts, but you are seeming a lot more sympathetic to them, so perhaps, your allocation is going to end up way more heavily allocated in the alt direction that I would chose (and perhaps several guys - and gal - in this thread). |
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You buying some when you get back? or what would be your "sufficient of enough dip" price point to buy?
Just got back and no, I can't afford to take advantage of this lovely buying opportunity. I went down to do the paperwork (forking over a bunch of 500 peso bills and registering my constancias of ownership) on my second Mexican property, and ended up using up my fiat cash stash buying a third. I might actually have to (gasp!) sell a bit to make ends meet. It was an offer I couldn't refuse though, a full hectare with a well for $50kMXN ($2.5kUSD). Motivated vendor. Luckily, folks in those parts don't use banks. Cash rules. Well? Probably, it does not hurt to diversify a bit, and if you considered your property purchase to be decent, then your diversification in that direction could pay off. As far as "buying opportunity" in bitcoin, none of us can be sure about whether another "better" opportunity will come, but seems that over the past several years, you were able to acquire at least a decent sized stash in the below 4 digits price arena, and therefore, you don't really need to feel any kind of FOMO because of further price rises that might take place from here. On a related note, there are likely going to be a large number of folks who did not get into bitcoin earlier, and they recognize the exorbitant price growth to $19,666 - and they are "perceiving" bubble and "perceiving" have to correct to a "certain level" such as below $5k or below $3k, and if such price dip does not happen, then they do not feel comfortable getting in, and they miss out, again.  to repeat the pattern at some price point between $50k and $100k, perhaps? |
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