Wow!!!!

A lot of bitcointalk references in that 32-minute video... and even feel kind of sorry for Jimmy.. even though he got a lite sentence, it seems kind of ironic that the US Govt was able to seize the coins, and questioning even if there was an actual crime committed - including that the US Govt is claiming that they have a right to any coins that had passed through Silk Road.. a bit of an overreach, no? What else is new? 


A name change every 4 years... until 2140.

@theymos... make it so....>>>>>>





Oh?  You already tried. 
 

 

No need to give up yet..

Maybe if you mention that you would like an automatic name change every 4 years until 2140, then he would be more receptive to that kind of "creativity?"  an almost turing complete kind of a request.

Moving does not seem to be practical advice.  How to fix from within?  How to subvert?  Of course, no one is advocating breaking laws, and so we can sometimes have tensions between speech and action of individuals and what some other individuals might want you to do or not do... Are they really representing the interests and needs of the people?  These are likely not easy decisions for any of us who might be in jurisdictions in which we do not always agree with what kinds of rules are in place that may well restrict certain important aspects of our lives, liberties, properties.... interactions and transactions of value.


You were too busy hanging out with proudhon (and phil, perhaps?) and his maths/sciences, while preoccupied about MOAR downity...

and gosh, who would'uve thunk that sub $10k was not very likely.

I doubt that it is safe to assume that if a Bitcoin ATM only offers buying BTC, and does not offer both buying and selling, then there is some kind of a malicious plot - because there could be a variety of reasons that a machine might ONLY offer buying BTC that might include regulations or it might include logistics.

Sure, it would be better for society overall if all Bitcoin ATMs were to offer both buying and selling - but we do not live in an ideal world, and sometimes things happen for a variety of reasons that don't always make sense on the surface.

I was a little bit confused by your use of the term "bitcoin Marxist," but when I read further through your post, it seems to me that you meant to say "bitcoin Maximalist" not "bitcoin Marxist."


In other words, you seem to be focusing on bitcoin first, and considering bitcoin as the better of the investments (as contrasted with getting distracted into various cryptos.. or shitcoins... yet in the part quoted from me above, I am trying to refer to trying to engage in practices that do not necessarily involve selling your BTC unless you have reached a certain level of BTC accumulation in which you can comfortably start to feel comfortable selling some of your bitcoin when it reaches certain levels of profit, but still mostly maintaining a lot of your bitcoin stash rather than selling it.


Yes... even though profitability is NOT guaranteed, but still if we have a decently long investment timeline, it may well be the case that we are able to profit quite stupendously from a philosophy and practice that largely involves ongoing and persistent stacking of sats.. which are likely to become much more expensive with the passage of time.. especially if we are considering many years down the road, whether that is 5-10 years as you mention or perhaps a bit of a longer timeline, if you are able to have such a potentially longer timeline.


I believe that it is not good to proclaim that people are not going to be able to buy bitcoin in the future or that they will not be able to afford bitcoin or that bitcoin will not be a good investment in the future. 

It seems that the fact of the matter is that bitcoin is designed to pump forever.. (or go up in value forever), and even though it is likely going to cost more money in the future to buy the same amount of sats that we are able to buy today, it still is quite likely to be available for anyone to buy, even if they are likely going to have to pay more for it in the future as compared with how many sats they are able to purchase today with the same amount of value.

In other words, it is likely always going to be a good thing to invest in bitcoin, whether now or in the future, especially for anyone who happens to be a no coiner or a low coiner, even if it is going to cost more money for them to buy sats the longer that they wait, and sure some people are currently not able to buy BTC because they are too young, they do not have income or maybe they have not been born yet, and those people are still likely going to want to accumulate bitcoin in the future and to attempt to hold bitcoin as compared with other places that they are going to be able to place their value (their time, their energies, their finances).


Those all sound like good plans - because it is quite possible that if you have been accumulating bitcoin for a while, then 5-10 years down the road, you are likely not going to be able to accumulate as many bitcoin as you have already accumulated (or that you are in the process of accumulating currently).  I find that with myself too.. I had accumulated some bitcoin between 2013 and 2017, and I even used to buy bitcoin in 2015 with some extra cashflow that I would get.. for example, I might get some extra cash like $100 that came to me based on some kind of a good that I sold and/or a service that I had provided, and in 2015, I would take that $100 and I would buy $50 worth of bitcoin, and use the other $50 for living expenses.. so that $50 would get me 0.2 BTC (because BTC were around $250 during most of 2015). 

It was not easy for me to buy bitcoin in 2015, because the BTC that I already held (that I mostly bought in 2014) were actually in the negative through much of 2015 (since my average cost per BTC was around $550 through much of 2015), and there were several people (no coiners.. I am not even sure if there was such thing as a low coiner back then... hahahahaha).. telling me to sell some BTC and/or not to buy anymore BTC because they thought that bitcoin was not a good investment and likely to continue to go down in price.  Those people are surely regretting that they did not buy BTC in 2015, and some of them have still not bought bitcoin... so it can take a while for people to figure out that it is good to buy some bitcoin, and if they are skeptical about bitcoin, then maybe they just buy a smaller amount of it, rather than failing/refusing to buy any.

You misquoted that post Sayeds56...  I did not say that... it was karabiber.. so I fixed it in this post..

It is difficult (and maybe not realistic to hypothesize like that) to just pick a lump sum price, and to say that I could have afforded to buy 100 BTC for $12 each and then mostly have had been able to hang onto them for 12 years blah blah blah... when the fact of the matter was that you were shedding BTC for almost all of those last 12 years... except maybe more recently you are trying to figure out how to hang onto more BTC, but you still seem to have an ongoing dollar biasness that makes it difficult for you to hang onto your BTC...

That's part of the reason that dollar cost average buying is better for really solidifying a position is that it can end up taking place over a decently long time and will also have better chances of facilitating strong hands and longer term thinking in regards to maintaining the stash ... and don't be trying to sell BTC in order to buy more BTC at cheaper prices. even though surely if you are in a business (the mining business) that causes you to have regular income coming in through BTC, then you are somewhat of a forced seller.. but you still need to figure out your HODL mostly cold storage targets along the way.. so let's say even if you had regularly screwed up and you are kind of continuing to regularly screwing up (maybe you cannot be fixed), but just for the sake of other members who might find themselves in similar situations, there are needs to accumulate and to keep some of that value in cold storage so that you are not tempted to sell it and to try to buy back later..

Sure selling small amounts of BTC on the way up might be o.k... but ONLY small enough amounts that you are not really depleting your principle.. although with more elderly people who are  getting into their 60s or even late 60s, they might not really be in any kind of accumulation stage anymore but instead either maintenance or even perhaps quite likely liquidation stages.. so once you get to a more elderly stage, you likely are considering ways to spend your wealth.. but if you are not sure how many years that you might be living then you may well be teetering more between liquidation and maintenance and maybe not even trying to spend too much too quickly.

None of us can know the exact solution for anyone else.. even though we may well realize that if we have an investment timeline that is 4-10 years or longer, then we may well be mostly trying to focus on BTC accumulation through the three most common BTC accumulation methods of DCA, buying on dips and lump sum investing.. while at the same time keeping a kind of eye on the prize of making sure that our BTC is mostly growing while we are in the accumulation stages, and if we spend any BTC, then we are doing spend and replace

Hopefully replacing with more BTC than the quantity of BTC that we had spent, even if it might cost us a bit more if we don't time some of our spend and replaces very well... and shit does some times happen.. including mistakes sometimes happen along the way too.. maybe the mistakes are in a state of almost inevitable.  For sure, I am not even suggesting that I am free from mistakes.  I am still making little tweaks here and there to continue to figure out ways to take advantage of my mid-June Binance US windfall in which I ended up with quite a few extra Tether USD.. since within hours (or was it minutes) of the actual windfall, I had pretty much bought back more than 125% of the quantity of the BTC that I had sold, just so that I could at least lock into place that I would not end up with fewer BTC out of the whole situation.. so even if I already feel that I have more BTC than I need, I did not want my mid-June windfall to cause me to have fewer BTC than I had planned to have had - even though I had received a premium price for many of them, and even if I used all of my remaining USDT to buy back more BTC at these here prices, I would be able to buy a decent quantity of BTC --- and part of my point in referring to mistakes is that no matter what any of us might do (or decide to do or to plan) then there are going to be dilemmas and potentially a variety of paths forward and some paths are more obvious than others, and some paths have a variety of tradeoffs that need to account for personal factors. and the various better solutions (since there are probably more than one) are not always clear.

It would be dumb to invest in crypto currencies.

But it would be smart to invest into bitcoin, and to figure out your position size in accordance with your level of feeling bullish or bearish about it, but everyone should get the fuck off zero if they do not own any bitcoin (or if they ONLY own small or symbolic amounts of bitcoin, then they also likely need to UP their bitcoin game), and therefore perhaps a 1% allocation into bitcoin if they are relatively whimpy and skeptical about it and perhaps up to a 25% allocation if they are more bullish and aggressive about it.. .and at the same time, getting started is one thing with something like a 1% to 25% allocation, but after getting started, it would likely be better to try to learn about what is bitcoin and also to individually tailor your bitcoin allocation and/or targets (and accumulation strategies) in ways that are more aligned to your own particular individual circumstances..and views about how bitcoin might perform as compared to other assets is only one of the categories to try to figure out in order to attempt to be a somewhat informed bitcoin investor.

Your uses of the term "cryptocurrencies" blackened515 likely demonstrates that you don't know bitcoin or that you are just being sloppy with your language use, which hardly makes any sense if you are actually trying to talk about bitcoin rather than some vague and amorphous concept that you lump into a vague and amorphous term (namely crypto currencies) that you might have heard some other "seemingly smart" person use.. but if such other person(s) use such a vague and amorphous term without actually accounting or particularly contextualizing bitcoin, then such person(s) probably are not as smart as they might seem to be.

Are you trying to use reverse psychology? 

There's no way that you really could be cheering for DOWNity, amInotrite?


Oh?  .........wait.....     I forgot.. you want get back to your soothsayer wannabe numerologenies.. even though that voo-doo science barely even works, half the time... even though you surely continue to swear by it.. and even proclaim that it's working on a regular basis.. You are surely going to have to come up with some kind of a new theory when the BTC price starts gravitating around some other price point.. ... will it be your whining about $50k can't be breached to the upside or maybe it will be your crying about the inability to get over $100k? .

 


Yeah.. there might be some circumstances in which your house is storing value at a greater rate than the cost of living, but for the most part it is merely causing you to lose money less quickly than the renters.  The renters are fucked even worse, especially if they also do not otherwise invest in anything... since it seems that the vast majority of any kind of investment that many (most) people make is into their houses or if they might have a 401k at their job, and some people do not even take advantage of their 401k plans, but it would be the other place in which there might be investments. .. otherwise people are less likely to have investments or to be in a practice of investing in things that might either keep up with inflation or perhaps outperform inflation in small ways (maybe lucky ways if they don't fuck it up too much).   

Bitcoin might not completely resolve (fix) these matters, but it does seem to give some decent potentials for outperformance of the cost of living rises.. that surely is even likely to beat both property ownership and also stocks and commodities.. even if there are not exactly guarantees, there do seem to be pretty decent odds that bitcoin is going to continue to outperform all other asset classes - and if you are whimpy about such an idea then take a smaller bitcoin position and if you are more bullish about it, then take a larger position.. working out the details of how much of a position to take, whether to reallocate or diversify are also questions that likely have to do with our ongoing living in ways that in order to be practical (and living in the real world with expenses and also various kinds of volatility (should we call them battles resisting the greatest transfer of wealth in history?)) we are likely going to need to keep some value in various fiat systems and in bitcoin.. without getting too greedy and still having bitcoin to cross over the finish line at various points in time (without losing it or getting it taken from us at various points in our short lives when we might need it).

Aren't Phoenix, Breez and Blixt trying to accomplish some kind of a semblance of self-custody?  These three all work on IOS, and surely there are likely some other wallets that try to be somewhat user-friendly and perhaps are trying to be self-custodial too.. and I don't claim to really know all of the trade-offs.. .

Of course, Bluewallet requires running your own node, though they did previously let you connect to one of their nodes (and hold coins there) - which caused Bluewallet really not to be self-custody, and Muun wallet has some weird swaps that end up not being as lightning network dependent/reliant as some folks had been presuming.

Rather than my somewhat lame attempts at categorizing lightning network wallets, maybe it is better to show how darthcoin categorizes the various level of custodial versus non custodial lightning wallets and their various features?

https://darthcoin.substack.com/p/lightning-wallets-comparison

The HODL concept does not necessarily work for "crypto" or "shitcoins," so anyone needs to be careful in regards to employing HODL with various scams, whether ethereum or any other shitcoin you need to consider your exit... stocks also might be similar.... of course, you could pick various index funds, and so if you ultimately determine that the stocks have long term fundamental value, then HODL would work for the various stocks that may well have long down periods.. and sure of course with any investment you might end up being wrong, so HODL would not work if the fundamental value and strength of investment thesis is missing or maybe if circumstances have changed with such investments in order to contribute towards a weaker investment thesis for whichever asset (stock, properties, commodities).

In terms of bitcoin versus shitcoin, then surely it should be quite possible to figure out that bitcoin has a strong underlying value and therefore a strong investment thesis, yet since we realize that it's upward price trajectory is not guaranteed, we have to figure out an appropriate size of our investment into bitcoin in which we are either able to HODL through difficult periods or to add to our bitcoin position.  Those kinds of fundamental assessments are way less obvious when either speaking about shitcoin (crypto) generally, or even if we might go into each of the problems with the various coins that might have pump and dump possibilities, but not likely the same kinds of fundamental values (or strength of long term investment thesis) like bitcoin..

..so even though I personally suggest not to fuck around with shitcoins or to use vague terms like "crypto" when talking about what kinds of investments to make, if any of us do decide to have some allocation to shitcoins, we should be attempting to more particularly assess them.. and to figure out the extent to which HODL actually will work with those kinds of coins.. and not to be conceptually or descriptively lumping that crap in with bitcoin in vague kinds of uses of language.. because their is no such thing as investing into crypto - unless you really are getting distracted and involved in various scam products (ways of looking at the space) or even some of those crap "crypto" index funds that might cause you to falsely believe that you are investing better because you are "investing in more than just bitcoin," which likely just means that you really do not know what bitcoin is otherwise you would not be getting so distracted or lured into such products or ways of talking/thinking about how bitcoin relates to various shitcoins.

Of course, m2017 points out one of the more important things that OP had left out of his presentation of the important things that need to take place, which is action, and it is possible to start to act in regards to your investment plans right away and right from the position in which you are at, including planning is a kind of action.. but there is also the various actions of actually starting to set aside money on a regular basis and to build capital - including realizing that if we merely save money, then it is not likely going to appreciate in value.. and in fact, the money that we save will likely decrease in value faster than we can save it, and that is part of the justification why there are needs to figure out and find ways to invest into things beyond merely saving and building money that is not even keeping up with the cost of living increases.

The action from the start is to figure out your own situation, and how much money that you coming available to yourself on a regular basis, whether that is looking at your cashflow weekly or monthly or some other logical basis that makes sense to you.

Besides cashflow you need to consider how much bitcoin you have already accumulated (if that is part of your investment portfolio), your other investments besides bitcoin (including cash reserves), your view of bitcoin as compared with other investments, timeline, risk tolerance, and your time, skills, goals (investment/lifestyle targets , which includes figuring out the extent that you are in BTC accumulation, maintenance or liquidation stage) and your abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.

Figuring out each of these categories and putting a plan in place is a kind of action, and maybe it takes you a few days to put together a plan, or maybe it takes you a month or longer, yet I would not let the perfect to become the enemy of the good, because you should be able to get started investing (especially into something like bitcoin) while you are clarifying the various categories of information that I outlined above.  Get started sooner rather than later and continuously tweak your plan, whether you start out by investing $100 per week, $10 per week or some other amount that you think is a good starting point, and then as you continue to build your investment, then you can tweak your approach and even figure out your goals more specifically.. and so maybe we know your long term goal might be to become rich.. such as reaching a kind of fuck you status (which means that you do not need to work anymore for your income) or maybe you just want to have more options or to live more comfortably than you do right now (with fewer worries about money). .. but you still do not need to figure out each and everything before you get started, including that you can start with a small enough amount that you know that you will not miss and as you get more stake in the game (such as accumulating bitcoin), then you likely become more informed about which direction you should continue to pursue and which aspects that you need to tweak involving how much BTC you believe that you want to accumulate and then how to get there whether it involves DCA, buying on dips, lump sum buying or a combination of those kinds of BTC accumulation techniques.


This is exactly one of the facts of our modern lives.  Every single fiat is decreasing in value so rapidly that we are not able to just build up our cash - without the ongoing eating away of the value because it is likely to decrease faster than we can add to it, and sure there could be scenarios that you have built up enough cash that you are set - even though one of the concepts of maintaining your value or even living off of your savings would be to be able to live off of the interest (or the yield) rather than living off of the principle.  So there never really have been good ways to hold cash that allows you to live off of your interest, and it seems to have had become more apparent in recent times as compared to earlier times when it seemed that some of the currencies held their value better than others, and even now, the dollar is considered amongst the best (if not the best) of the fiat currencies in terms of holding its value, but many of us likely appreciate that the dollar is not in a very good position in terms of the likelihood that it is going to be able to continue to hold its value and not deteriorate greatly in value (which means that everything is going up in price in exponential ways, and we need to have our investments/savings to be able to keep up with that.. and even better yet, we want our investments/savings to perform better than the cost of living increases.. so that we become richer by what we had chosen to invest into... whether bitcoin or some other ways in which we allocate our portfolios to various assets, such as stocks, property, commodities, and/or cash equivalents including bonds (and I am not referring to investing in shitcoins, since that seems pretty dumb unless you are already rich then maybe you can fuck around with putting some value into that crap).


This is a good point, and we need to figure out ways to build our investment portfolios into decently large amounts before their values start to seem like life changing amounts, and even if we were investing $10 per week, it is going to take us 2 years just to get up to a $1k investment. but a $1k investment is still better than nothing, even though we might realize that we might need to figure out ways to increase the amount that we are able to invest if we are really expecting to be building life changing amounts, and I am not even criticizing the person who is ONLY able to invest $10 per week or less, because each of us can ONLY invest as much as we are able to invest, even if we are able to identify where to invest (and perhaps that would be starting out with bitcoin, and perhaps there might be ways that we try to manage our cash in terms of how we invest in bitcoin)..

so it can take a decently long time to build an investment portfolio, and if we realize that in traditional investing, it sometimes can take 30-40 years or more to build an investment portfolio to significant/meaningful levels, and we cannot necessarily conclude that bitcoin (or any other investment) is going to considerably short-cut how much time that we might need to build our investment portfolio, but there are still ways to attempt to be aggressive in our investment (without being overly aggressive that we end up recking ourselves) in such a way that we are increasing our chances to be able to reach our goals in much shorter times than 30-40 years, and perhaps we are able to cut the timeline in half our maybe greater.. especially with something like bitcoin included in our plan (and our portfolio), but we still likely need to be prudent and reasonable in our bitcoin accumulation approach, even if we might still attempt to be somewhat aggressive about our accumulation too (and I am not talking about trading in order to accumulate BTC, but just being aggressive in a variety of ways that we set aside amounts to build our bitcoin holdings -  while at same time, if we come to realize that we are building certain kinds of skills that might allow us to accumulate more BTC without putting our principle at risk, then there is nothing wrong with employing more advanced techniques once we have spent time learning about and honing such more advanced bitcoin portfolio management.

So I think that part of my point is that there is both planning and action that results in ongoing learning so that there is ongoing tweaking of plans based on learnings, and the tweaking of plans does not even necessarily mean that the overall course of action is changed. but just that some strategies might be tweaked from time to time that might involve cash management or how to buy BTC with DCA, buying on dips and lump sum investing when we know that it is nearly inevitable that bitcoin's price will continuously and ongoingly change on a regular basis.

Good.  So are you now prepared for either up or down rather than ONLY being prepared for down?... or did you go to the opposite extreme, so that now you are ONLY prepared for UP, but no longer prepared for down?

You do realize that it is possible to simultaneously prepare ur lil selfie for a variety of scenarios, right? ... for down, for up and for sideways.. .. or a combination of those scenarios.


Looks like a bit like Gerald Cotton might have looked like in 2011.

Sure I don't mind the idea of trying to earn bitcoin from signature campaigns or even other kinds of internet related efforts; however, not everyone can get a sufficient amount of BTC price exposure by engaging in internet kinds of work rather than merely employing some kind of skill that they might already have in order to earn fiat and convert such fiat to bitcoin. 

So surely there can be a variety of ways to get bitcoin, yet I would be careful that some guys/gals end up relying too much on trying to get KYC free bitcoin, and then they end up missing a large number of possible opportunities to increase their bitcoin stack (and bitcoin price exposure) in more significant and aggressive ways. 

Sometimes it also might be a good idea to increase some of the work that you do in the real word, even if you don't earn very much fiat, and use that extra money to stack sats... while at the same time, there are not guarantees that the extra efforts to be aggressive in your bitcoin stacking is going to end up paying off, but it can be a good kind of asset to build up and to secure privately in a way that you end up having options in the future, even if the amount might not take you to fuck you status but it still might end up having some decent chances of appreciating as the years pass - especially if you might have a decently long investment time horizon that is 4-10 years or more maybe 20-30 years into the future.


I agree that there are various ways that your efforts to invest in bitcoin can play out, and likely success has to do with taking a position size that is suitable to personal circumstances, and then perhaps continuing to add to such position with the passage of time in order to reach accumulation goal levels.  People might get greedy and overinvest, and sure some people make the mistakes of underinvesting or selling their bitcoin too soon. 

It can take a decently long time for a new investor to build an investment portfolio, and surely an older investor might be able to invest into bitcoin more aggressively by moving some already existing investment asset values into bitcoin.. so the investment approach should be tailored to the individual circumstances to try to invest (accumulate) bitcoin sufficiently aggressively and ongoingly, but not so aggressively that you end up getting reckt..


...and in the meantime, many of us should understand that normal investment strategies can take 30-40 years to build up and play out, so if there are ways that you can cut that in half and gain fuck you status (or some other goal) in a shorter time, such as 15-20 years, then you would be doing very good with such an approach.  If you think that you are going to cut the investment timeline into just a few months or less than 5 years, then you likely are engaged in practice that is known as gambling rather than investing.

I agree with everything that you say DanWalker - but nonetheless, you are framing trading as if it were a prudent approach to bitcoin management, as if it would be prudent for a person to completely sell their BTC at any point in time and to hold such value in dollars (or perhaps some other asset such as real estate, commodities, equities, bonds that are acquired from such BTC sales), and there surely are ways to consider your BTC holdings in such a way that the BTC HODLer is not selling large portions of his/her BTC.. but instead perhaps shaving off some BTC at various price points as the BTC price goes up.. and in that way, there can be greater preparation for the BTC price to go in either direction rather than taking chances in the practice of predicting tops (or the seeming error of valuing wealth in dollars - and a lot of other assets that have relatively strong correlations to dollars - which seems to be both the outcome of selling too much of your BTC too soon and the value of actually holding onto BTC as a so far seemingly non-correlated asset).

It's not about capital size, it is about how you manage it and you place into different categories, and surely if you are in your beginning stages of building an investment portfolio, it can take many years for the amounts to start to get bigger and Bigger and BIGGER.. but similar principles apply even if you are dealing with small amounts.

A thing that I frequently recommend to beginner investors is to NOT diversify and to focus on building your investment portfolio with one or two assets, and as the size of your investment portfolio (and perhaps even your cashflow or the amount that you are able to invest) gets bigger, then you are more able to spread out, but the mere fact that you can spread out does not necessarily mean that you should spread out.

In that same light, there could be some truth to any claim that "I don't have enough income in order to split it into categories," then if you are correct about such a claim, then you may well need to figure out how to prioritize categories, but you still should keep in mind that the three categories exist in order that you can also figure out how you might want to move between categories in case circumstances change (or start to dictate that such change might be preferable).


That's what all degenerate gamblers say.

 


Oh?  Those are usually not very good ways to present your ideas... but whatever do what you wish.


I have sent you merit from time to time, but usually not when you are talking nonsense.

Up your game and it is likely that merits will follow.. no guarantees of course, and I am not even claiming to be any kind of a sugar daddy because there are plenty of others who will send merits to quality posts, and frequently it is better not to ask,... even though surely there are guys who do like to ask (even when engaging in such "asking" behaviors in somewhat subtle (indirect) ways.


That's your own fault if you are vulnerable to FUD.

Up your game, WatChe.... figure out a system in which you are NOT so emotional about BTC price moves... yeah, emotions cannot be completely removed from the situation, but there are strategies to cause them to become more manageable... no one is claiming it to be easy to be a bitcoin HODLer, but your abilities to be able to manage your emotions better does seem to improve with the passage of time as long as you are trying to manage your investment, and therefore, it is more and more likely that your portfolio will go into profits with the passage of time (and going into profits is not guaranteed either - especially if you are continuing to fuck around with shitcoins, #justsaying).


None of us should have to look at your numbers and to see that they are wrong.  Did you just make up those numbers?

Just looking at January, February and March.. they are all wrong.. Why are you providing wrong information? you fuck.


Those are fairly decent points.  I will have to take them to my handler.


Protip:  No bot should perform his own psychological review upon himself. 


Guaranteed? or no?

For starts, I doubt too many of us give too many shits about your dabblings in that shitcoin ethereum, and to the extent to which we can take you seriously at all must be taken with a grain of salt - especially if you are having troubles with your representations in regards to bet proposals that had not been worked out, and had been motivated by your talking a BIG game in the first place and my attempt to get you to put some money behind bet terms - of which we were not able to work out... which seems to have had worked to your advantage since you probably would have lost - since the bet would have had been for BTC prices much lower than the $15,479 price that we had reached (at least so far)..and the bet terms would have closed by March of this year anyhow.. so that might have been one of the items that we did not contest.. but still with any bet all of the terms have to be agreed otherwise, it is a no go... which is what happened in our bet discussions that had followed your BIG DOWNity spoutenings... that seemed to have had not happened as grandedly as you had been wishing.

I doubt anyone here would want you to not have any bitcoin, even if you seem to talk some nonsense.. which may well be talking your book.. which surely is not completely outrageous, in and of itself... we all do a bit of that, I suppose... if we might be biased towards up or down.. and maybe there can be some variance in terms of long/term short term positions that any of us might take, too.


Bitcoin has a difficulty adjustment, so I am sure it could tolerate falls down below miner costs.. even though surely it would be problematic to be going to such historically low numbers for other reasons .. such as questioning confidence in it.. or perhaps some inabilities to sort out pricing mechanisms in order to purge any of the outrageous levels of manipulation to bring them back to the reality of bitcoin as a strong asset/currency (based on its scarcity and various built in incentives around mining).

Yes.. right now.

You can choose to buy some or you can wait until later when the price is likely to be even higher.  That's up to you regarding what to do.. and how to do it, if you decide to do it, rather than merely wishing that you had done something earlier.. and the fact of the matter, is that you ONLY have now.. there is no such time machine that will bring you back and then you still fail/refuse to act and whine about it later.


Fuck shitcoins.

You sound distracted. 

Think about bitcoin first.. that other stuff that you mention about "paved the way for further innovation in the form of cryptocurrencies and blockchain technology" is gooble-dee-gook.

Yeah.. wait for your lower price (referring to armanda90).

That may or may not end up happening..  then you end up FOMOing in at $50k because you really wanted to buy, but you were too greedy to do it right away.. and you don't even have to buy all of it right away.. but hey people have to make their own decisions, and we have seen a lot of examples historically of guys who were waiting for a lower price an then they become bitter because they failed to buy and they thought for sure that they were right about a lower price was going to happen, and such lower price did not end up happening.

I am pretty sure that most (if not all) of the BATMs that are buy only, they still are accepting cash.. that is their main value proposition.  If you are using credit/debit card to buy bitcoin, then you would not need cash for that, but surely those kinds of machines would seem to be way less useful.. and so why not just have an App for that?  In other words, the physical presence of a machine seems to be useful for dealing with cash whether they have both buying and selling of bitcoin or if they ONLY have buying.

I have been investing in bitcoin for a bit more than 9.5 years, and it seems to me that bitcoin is performing in a way that is better than I anticipated at the time that I came into bitcoin, given all world events and all that was attempted to be speculated at the time that I got into bitcoin.   Sure, I was somewhat aware of a variety of discussions of various upside scenarios for bitcoin, even trajectories for million dollar bitcoin "someday."  Nonetheless, it seems hard to really argue that bitcoin has not already been successful and continues to be successful, rather than suggesting that it could have had been even more successful than it has been - since it has supposedly been held down.  I would imagine that any of us getting into bitcoin around 10 years ago, would have expected that there might have had been some battles along the way, and overall it seems that bitcoin has fared pretty damned well in the whole scheme of things - maybe even better than a lot of less good or even bearish scenarios that could have had played out - instead of what has already happened, which is quite amazing if you really attempt to think about it from the perspective of someone who might have had been getting in 10 years ago.. rather than whining that bitcoin could have done better than it already has done... What do you expect?  straight up to $1 million from zero (or $100) without a few battles along the way?

In regards, to its future performance, it seems that the investment thesis for bitcoin gets stronger with the passage of time, rather than weaker - even if there is likely to be less upside (as compared with the last 10 years).. but even if there is less upside, the solidness or strength of any investment should be considered in terms of both its upside and its downside, which continues to suggest bitcoin is amongst the best of current investments that anyone can make (is available to anyone with lesser barriers to entrance in comparison to other kinds of investment possibilities -  and sure there are some learning investment barriers that anyone will have to try to figure out in terms of their own personal circumstances).


This is a dilemma that each person has, and it seems to me that if you don't have enough bitcoin, then you have to keep stacking and you need to combine DCA, buying on dips and lump sum to the best of your abilities in accordance with your own circumstances which are considering your cashflow, how much bitcoin you have already accumulated, your other investments (including cash reserves), your view of bitcoin as compared with other investments, timeline, risk tolerance, and your time, skills, goals (investment/lifestyle targets, which includes figuring out the extent that you are in BTC accumulation, maintenance or liquidation stage) and your abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.

No one can tell you how to figure out each of your circumstances, including what are the likelihoods that the BTC price might dip or maybe we will never see lower prices ever again.. it is difficult to know, but it is still possible to be prepared for either (and both at the same time) scenario.


We are not talking about selling BTC in order to accumulate in this thread, and if your goal is to accumulate BTC, it is generally not a good idea to sell BTC in order to attempt to buy back lower.  If you are trying to accumulate BTC the better of strategies are to ongoingly buy it in various ways until you reach certain targets of high accumulation, profits and perhaps even having your shit together in regards to a variety of ways that you have value stored in a variety of places (I am not referring to having value in shitcoins)...

If you want to talk about fucking around with selling BTC to buy back lower (as if that were a good strategy.. I have my doubts), then take that nonsense somewhere else.. I know a lot of people engage in such gambling dumbness as if they were investing (and building wealth), but that's not what we are talking about in this thread.


You are correct that there are likely some strategies that MSTR/Saylor can employ that you are not able to employ until you have a sufficient diversification of assets and also cashflow too.

You might be able to still employ similar strategies as MSTR/Saylor, but surely it tends to not be a good idea (or even necessary) to employ even close to as much leverage as MSTR/Saylor seem to be employing in order to be successful, and one of the great advantages of bitcoin continues to be that it is such a great asymmetric bet to the upside that you really don't even need to employ a lot of capital in order to potentially profit stupendously from investing into it..  Of course, the more aggressive you are (without over doing it), then the better that your asymmetric bet to the upside has potential to pay off.. .. but each person has to be careful not to overstep his/her own personal boundaries in terms of making sure that s/he has enough money to cover all expenses, including emergency expenses, and sure some people might choose to deprive themselves of various pleasures because they want to be somewhat aggressive in their bitcoin investment amounts, but they also might find themselves regretting their level of sacrifice in the event that bitcoin does not end up performing as well as they had been hoping it to perform - because of course, even though there is an asymmetric bet to the upside in regards to BTC investing, the outcome of UPwardly movement (whether talking short, medium or long term) is not guaranteed.


Thanks for clarifying.   That sounds like a pretty strong, reasonable and prudent strategy. 

For example, as cash is coming in, sometimes there can be times in which we might have $300 per month extra coming in (that we are able to invest into bitcoin and that we can differ investing it right away), and then all of a sudden one month, there might end up coming in an additional $3k that comes in, and then we might be faced with a kind of dilemma in regards to how to allocate that extra income that came in that we had not expected.  So there might be ways that we try to be flexible in order to account for some new circumstances, and maybe when the extra money comes in, we might end up dividing that money into various parts rather than just employing it into one category, and the three parts that I like to think about in terms of how to divide such money in regards to possible bitcoin purchases are:  DCA, buying on dips and lump sum... we could divide the extra $3k into 1/3 each.. $1k for each category. .or we could allocate however we believe better helps our own particulars that might not end up being 1/3 each but instead weighted in one area or another that we might have believed that we had been previously deficient in terms of our own bitcoin or fiat allocations.


Fair enough.  So of course, each of us should realize that the BTC price might fall below $30k, but it might not.. and it may never again fall below $30k.. we have to be prepared for either scenario and of course give the scenarios the weight that we believe is most appropriate to our view of matters, and none of us is going to be 100% correct, and maybe we do not need to be 100% correct, if we design our own set ups in such a way that we really do not need to be correct, and there are thresholds that cause us to buy or cause us to engage in other tactics, such as allowing our fiat to build up.. just like you mentioned..