Yes good job TeraDebBera... Keep your consistent downer message...  





Exactamente!!!!!!   One of your MOSTEST redeeming intrinsic qualities has been to always be more right than you were.        

I mostly agree with you, but never say never.... (even though I just did)... 

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.   

Patterns repeat until everyone knows about them, then they don't, but they still get talked about, as if they still existed.  hahahahaha

I thought that someone had posted in this thread the below one hour Edward Snowden interview link earlier (like less than a week ago), but I cannot find the post.  

The interview is from March 25, I believe?

https://www.youtube.com/watch?v=_Iisu0snIL0&feature=youtu.be&t=3076


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, he 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 the lightning network to evolve similar and possibly more powerful features due to the likely future greater bitcoin liquidity.

You buying some when you get back?  or what would be your "sufficient of enough dip" price point to buy?

All of your points seem valid, except your assertion that you "could easily have been locked out of my money for months."   First, you should always have your back-up seed before you do any upgrade, and you can put your back up seed into almost any wallet and get access to your funds.  Only a rookie would not safeguard his backup key, especially when most wallets also prompt you to save your backup key.

HODL is going long (or already have gone long).

Sure it is sad, but you can also read some of the details that bones provides to show that he has chosen some of his situation.



I think that you are right that investing a certain amount of money every month (or every week, depending on how you plan your budget) is a way to build the long term... that saved money can be $5 a week or even a smaller amount, and it should be set aside only after you have established an emergency fund and you have also gotten into the practice of making sure that all of your expenses are covered, such as not living off of your credit cards (that is spending more than you take in).

A problem with a lot of folks is they start to believe that the amount that they saved over the years, becomes a piggy bank that they can just cash out all or part at any time or to take profits too quickly and too much. 

So, living within your means, and not getting tempted by spending the amount that you have saved can be very prudent mindsets.  You are correct that it should not matter how much you make in order to attempt to stock away a small portion of what you make... and if you are having to draw into your savings, then either you have to cut back on your spending or figure out a way to earn more to cover all of your expenses.

Let's say that over the years, you have built up $10k into your investment savings, and then yes you might be able to move some of those funds around.  Of course, if you have a 401k, you might not be able to easily move those funds around, but there should be no reason to cash out of your 401k unless you are really sure that you can make up for the penalty that you are charged by withdrawing it.  But even if you can move the $10k around, that does not mean that you should start to gamble with it.. so yeah some of that might go into crypto and some might go into other kinds of investments.  I certainly don't recommend diversifying within crypto, unless you have established a decent bitcoin position first, and then you can branch out once you have bitcoin figured out.

Even though I made a lot of money in bitcoin, I still don't really feel any compelling need to branch out into other cryptos - even though I do happen to have a few other cryptos, but that was not really anything that I actively pursued beyond just playing around with a couple percentage points of the total value of my BTC investment.

Another point is that some people get into a mindset that they believe that they have to gamble because they are already in a bad position in order to make up for all that they lost out on... which is not a healthy mindset.  The most healthy mindset is to figure out a plan that works from your current position, rather than trying to make up all the shit that you screwed up in the past.  So if you have various expenses to cut, then you can do it, and if you have various high interests credit cards then you should pay those off.. by paying the higher interest ones off first.. and chipping away and chipping away to build and diversify your various investments while making sure that you living expenses are covered, and even establishing a cashflow plan that goes 6 to 18 months into the future, so you can see how much money that you have to spare on an ongoing basis and see that some months have tighter cashflows than other months.

I feel like a broken record, but in bitcoin, you should be able to make profits and engage in trading that largely builds up your BTC holdings without using any leverage.

Once you practice non-leveraged for a considerable amount of time, then you can add some leverage, but like d-eddie mentioned, very small leverage.. and perhaps work your way up with the leverage once you figure out some leveraging-like systems that seem to be working for you in the long term.

Problem seems to be that so many folks who dabble in trading are really gambling and seem to be attempting to get rich too quick, and maybe once in a while they get lucky, yet instead of locking in the profits, they continue to double down or to play with amounts that are too large of a percentage of the value of their holdings.

There is quite a bit of latitude with employers in how they create the 401k plans - and sure there are standards in place too.

Since about the 90s, many employers have begun to provide 401ks to replace traditional pension plans... Sure there are some employers who have both traditional pension plans and a 401k plan.

The matching portion is also variable, and most employers have limits in how much they match... They might match up to a certain amount per year or they might match a certain percentage of the employees voluntary contribution.

In the early days of 401ks in the 90s, the yearly maximum contribution was something like $5k, and currently it is in the $18k per year range.  There may be a few employers who will match the full $18k, but many of them are much more skimpy, if they actually have matching programs at all.

401ks are still a pretty decent investment because of both the tax deferral aspect and the employer matching, if they have such matching.

I am not sure if a BOT will solve issues of preparing for longer periods of dip beyond expectations, so your strategy is not correct, if you have not projected down, way past your expectations, probably into the $3k territory, at least, even if price only goes down to $7k.  In other words, you should not even be close to running out of fiat in these price territories, which really means that your buy orders are set up too wrong, and you are buying too much and not preserving enough..

You should just frame your likelihood of receiving merit as zero (like you already did) and give up.  

That is the best attitude.  

Furthermore, psych yourself into getting jaded, disgruntled and bitter, too - if you are not those things, already.  

Seems like you are going to have a great approach to merit and life in general, too.. Surely, you are inspiring me, and perhaps some other members, too.

Yes... .. might seem like joke, but each of us has to find our motivations from the inside to figure out our direction.  What is more valuable to our personhood?  Getting rich fast or getting rich slow?  Each of us are going to come to conclusions that are tailored to our own upbringing and values...... which surely causes the world to go around with variations of perspectives.  There might be some altcoiners who have decent perspectives yet sometimes if they become rich too quickly, then that richness might cause them NOT to carry out their original project that they had said they were going to do, when they ICO'd... and yeah others, had no intention to carry out any project, but instead were just trying to attract money to their pie in the sky white paper.

Those kind of consciousness feelings should not stop you from wanting to get rich, right? 

What is the most important thing?  Getting rich, right?

Well, yeah.

Part of the problem is that they all come out with ICO's because they are looking at short term ways to "get paid," perhaps they even leave bitcoin because they want to "get paid," and they are not happy in itself being involved in the greatness of bitcoin... so they make their own coin in which they can get paid... hahahahaha.. might work for some of them to scam the peeps, rather than really working on a meaningful project.

You might be correct, but one of the problems with your whole argument, is that you stated the same about 5 months ago, right at the beginning of the price correction (in other words, a problem with your analysis is that you presume too far into the future, even though you could end up being right, but such rightness is not because you saw the future..... hahahahahaha).

How they going to make money if there is not some scam or scheme?  Haven't you heard of vulture capitalism?  It is a form of taking something (such as building off of the good will of bitcoin), and then selling off the profits of the previous efforts without paying for those previous efforts.

Sometimes we see a bit of DOWN, for example, and then we see a bit more of DOWN and then a bit more of DOWN, and it could take bearwhales several days to eat away at the support and really cause the price to go DOWN.  The same thing can happen when going UP with the eating away at resistance....   As regular peeps, we cannot always know how much reserves that some of the whales might have and how many exchanges that they might have their coins to work their "magic."

So, yeah, I also prefer BTC prices to go UP, yet even the BIG and small upward BTC price surges can end up serving as a bull trap if there is not enough ongoing buying support keeping the price going in the upward direction.

We can remain hopeful that BTC prices could go shooting up because in the past couple years (2016 and 2017), we experienced decent price surges during memorial day, but really, I don't subscribe to that "seasonal" price prediction bullshit since in the end, any of us could get caught into some kind of false lull to expect seasonal bitcoin price performance when BTC is NOT a seasonal product - in spite of some HODLers seeming to wish or project such characteristics onto bitcoin.

You are setting yourself up for failure, if you are trying to make calls on such short time horizons.