I doubt that the best way to get into bitcoin is to lump sum at $50k in late 2021 (or perhaps early 2022), and then just sit on that investment, especially if the BTC price has gone down so much.

In other words, if you did your homework and you decided that you had conviction that bitcoin was a good investment at $50k, then you should be able to determine that it is good to continue to buy all the way down from $50k to our current $16k-ish prices.

Of course, you have to figure out what is your budget and what is your strategy, but seems to be too much of a gambling technique to merely sit on your hands and fail refuse to buy more on the way down from $50k to our current $16k-ish prices.

So what is going to be your technique for accumulating BTC?  What is your budget?  Do you continue to make various lump sum purchases of BTC at lower prices, or do you figure out some kind of a DCA strategy, or do you engage in a variety of strategies to DCA, buy on dips and to lump sum invest?

The ultimate particulars regarding how you plan to execute your strategies and how you actually execute your strategies will have to do with a variety of your own personal particulars - and again, to me, it seems that in many cases, just sitting on your hands and waiting is not a very well planned strategy - even though in some cases, sitting on your hands might be amongst the better of plays.... so ultimately, each of us needs to figure out those kinds of particulars for ourselves and hope that we are not too regretful about our way forward, even if we currently feel that we might have made mistakes in the past.

By the way, I would not consider buying at $50k to have had been a mistake - unless you over did it, and unless you were ONLY prepared financially and/or psychologically for the BTC price to go up, at that time.  But even if you have made some mistakes in the past with your finances and/or your psychology, there may still be ways in which you can go forward in a way that you attempt to prepare yourself for whichever direction the BTC price might go from here, even if you might to decide to just start buying something as low as $10 per week worth of bitcoin.

For sure, there was something weird about Sam and his whole situation (including going to supposed Billionaire status in a matter of months), and it is showing itself a lot more now..

funny how that works?


 

Who would'a thunk?

Oh, which by the way, reminds me that we do need to be taking responsibilities for our own actions.. --- are we really going to say to ourselves... I was gambling.. but "It was Sam's fault?"


Besides your shitcoin talk.. bitcoin is a protocol and not a company, so your comparisons are likely not quite on point.

So, even if bitcoin were to go below $1k, it would likely have decent chances to recover and proceed to have new all time highs - that is if we presume that it largely remains what it is in terms of development and code...

So for example we could have a massively coordinated state attack that comes right now and makes all exchanges in the USA illegal (and perhaps in other countries too), adn that could drive the price below $1k, but it likely will not kill bitcoin, and bitcoin could end up reaching ATHs again in 10 years or so.  I am not even going to concede that it might even be feasible to attempt to coordinate such a wide-spread state attack without backlash .. but we should not rule out the possibility of such desperation attempts that truly may well cause a lot of backlash. .and even considerable division within this country and also in various places in the world.. for example, bombing El Salvador and things like that..



I am not sure if I say that, exactly, but I do say that DCA tends to be amongst the best ways to get started in BTC, but then when we have been in a while we might have already spent a lot of time accumulating BTC - and we might supplement DCAing with buying on dip and lump sum investing, which sure are variations of DCA.. so I doubt that I am saying that there is any one exact approach.. even though I would say that there are target ranges of BTC accumulation such as somewhere between 1% and 25% for the newbie.. but then the longer that someone has been into bitcoin, they will need to figure out their own target accumulation level. which may well depend upon how long they have been in. and then also whether the BTC that they do hold are in profits, or not... and how much in profits... of course, these days, none of us are likely feeling greatly "in profits," even if we are actually "in profits".. but being down more than 75% from the November 2021 top is not feeling that great, currently.. .. which surely could inspire some buying on dip, and maybe DCA could be a way of "dealing with" the feeling of running out of money... because so many dips have already been bought.


For the reasons stated in my above post (and probably other reasons to), I no doesn't talk like that.  DCA is one of the considerations.. and not just those other two considerations that you listed as your proposed sig, Philip.

Whoa...


Bitcoin is dead?


Again?


Trolls are not Genie(s).. including (but not limited to) your dumb-ass self-absorbed lil selfie.


Not happy to hear that.

It is difficult to know what to say..

There are quite a few of us who keep less than 50% of our stash on exchanges.. but I know that sometimes there can be slippery slopes in regards to trying to carry out various trades.

I still think that I have around 12 or 13% on exchanges, even though there were times in which I had something close to 50% on exchanges (and it may have been more than that because I was actually a little bit unclear that one way that I was holding some bitcoin actually had a private key.. but I did not realize that there was a kind of share arrangement, so some of the vulnerabilities can end up getting out of hand.

On the positive side.. you know about bitcoin and other people do not know about it.. like 99% of the world seem to NOT know about bitcoin (some of them think that they do), yet I understand that knowing about bitcoin might not be very helpful, if you put yourself into financial (and perhaps psychological) stress that could disallow you to be even able to take very modest DCA steps that might ONLY amount to $10 per week.. and then work your way up to $100 per week after a year or so?   Of course, you know your situation better than any of us regarding what you may or may not be able to accomplish.

Short answer:  Yes.

It is likely way more difficult to take you seriously.  Do you have some shitcoin that you would like to pump?

Do you believe that price action negates either bitcoin's investment thesis or the sound money thesis of bitcoin?

Probably you are not a good source to answer these questions anyhow - since you seem to want to be critical for the mere sake of it.    


Yes.  If you do not understand what is bitcoin then it might well look silly.  Your seeming to believe that he looks "pretty silly" says something about you.


Yes.  People use one liners on twitter.  You had not noticed?


When I first saw your fried chicken post, I thought that you were saying:  "Winner, Winner, Chicken Dinner."  So thanks for clarifying how fleshed-out profound were your thoughts on the topic.  

 


Some of us noticed.   You talk in absolutes, but your practices do not align with your words... which either means you are talking your books, or you are engaging in exaggerations.

That's how it appears to this here cat.


Sounds like too much cash to me.

Where's the beef?


That's pretty fucking dumb, especially if you believe yourself to be a bitcoiner to have equal allocations in a couple of shitcoins, as if those shitcoins were even close to similar to bitcoin.

Seems a bit unfocused to this here cat.


Of course, everyone needs to figure out their own allocations, including how much interactions that they want to be doing with exchanges, and how much value to be holding on exchanges.

Of course, I am repeating myself.. so why say more at this particular moment?


I doubt you "need" an explanation for some vacuous and meaningless image.. from a shitcoiner wannabe /  bitcoin naysayer.

I will probably cry.

It protects users to ONLY give them something like 12 hours of notice to close their positions?


"Things" about to get REAL.


Something is "off" about your statement becoin - because even if we assume that the US Govt. is largely contributing to our current problems, I have difficulties considering that "Russia" might be "our solution" or that we necessarily need protections.

Have you heard of bitcoin?  Doesn't bitcoin play some kind of role in the solution and/or protection arena?

Who gives a ratt's ass? 


There is no "folly" in happening to be down on an investment, especially something like bitcoin.

Get real, nutildah!



"We" want the old nutildah back.

Yep... there seems to be a need to describe the meaning of these kinds of supposed factual points - even if true. 

Remember the rumors last week that FTX was holding all of El Salvador's bitcoin - and surely there ways to imagine the worse of scenarios - which really, if there had been a story about the country of El Salvador or even Michael Saylor being so dumb as to put all of their BTC on FTX, then that would have been worse than the BTC price going down situation that we currently have in front of us.

There may be some folks who are really scared out of their bitcoin's at these prices, or they fail/refuse to buy at these prices because of quite a few "scary" facts that may or may not be true (or could be true) and even some of them will end up Mindrusting.. because they "know for sure" that the price has to go down from here....

And, surely we really never know for sure when the bottom is in, even if the mindrust situation did seem like a solid bounce, but even that March 2020 extreme drop was scary when it happened.. similar to how a variety of our current "holy fucking shit" factual discoveries are likely scaring a lot of folks half to death (if not fully to death... literally, financially or psychologically)... 

So, some folks get paralyzed by scary facts.

Do we need to reassess whether our current cashflows are sufficient in order to sufficiently maintain ourselves in current times and in order to adequately/sufficiently prepare our lil selfies for the future?

I bought in about $500 increments from $20k-ish down to the lower $16ks - and I even currently have buy orders down from lower $16ks until the lower $12ks - and so there could be reflections about what to do... Just keep them the same?  Tweak them by changing their locations and/or their amounts?

There could be some other plans that I could make or take - but some kinds of plans I do not consider to be part of what I believe fits with my "ways of attempting to deal with these kinds of matters" - but still doesn't it always feel like we are in a somewhat "unprecedented" territory and we question the extent to which "this time might be different"?

Great.  Thanks for your elaboration. 

Even when I suggest that we are going through a lot of pain, currently, I am not considering that it would be a good idea to either bail ship or to sell on the way down.  My ideas about selling bitcoin is to sell on the way up and buy on the way down... and if you don't want to do either of those, then just HODL your way through those periods - and surely the odds are quite great that the BTC price is going to be greater 4-10 years down the road than they are today.. but how much greater is not easy to determine in advance.. just that the odds are good and the price is not guaranteed.   

Regarding your various mistakes along the way, those seem in the ballpark of similar to various kinds of mistakes that a lot of us make... and sometimes if we realize that we sold too much too soon, then we might end up back in BTC accumulation mode - even though we might have thought that we were starting to get close to graduating out of BTC accumulation mode... and so in that regard, even if we might consider ourselves to be a somewhat mature bitcoiner, we should not forget that accumulation strategies involve DCA, buying on dip and lump sum investment.. and even if we might have stocked up on bitcoin quite decently at BTC prices way lower than today's prices, at the same time, we might also have to remain aware that we might not get the same prices in the future.. so in that regard, we have decisions ot make regarding making sure that we are sufficiently comfortable that we are sufficiently and adequately prepared for UP.... just in case down does not happen before UP.

I know a person (maybe many of us know a person?) who largely accumulated most BTC around an average price of $500... so largely based on age and other factors, even though the stash was not very large, it was pretty much enough to live the remaining years 20-30 perhaps? without ever really needing to accumulate any more BTC.. .. just cash out $50k to $75k per year on average, and use that to supplement various other income sources - however, such plan did not go so well when mistakes were made and coins were not sufficiently and adequately preserved.. and so such person is back into accumulation mode.. even though such person thought that more than 3x the amount of desired BTC stash had been achieved... but now... not looking so great.. back to accumulating.. so what can be done... sometimes we are not serious enough about making sure that we are not separated from our coins (some relatively basic mistakes that are too embarrassing to describe)... and that our coins are sufficiently preserved.. and we are not being too greedy.. .. such as earning yield.

Also, what I am suggesting is that maybe you be careful not to make the same mistake of failing/refusing to adequately DCA right now.. .. and if you are not clearly and ambiguously in fuck you status or close to fuck you status, it might not hurt to figure out some kind of DCA level that is comfortable... since DCA'ing does not need to be an all-or nothing kind of situation.. and we can do it at any time, whether it is just $10 per week, $100 per week or some other comfortable amount.. that allows us to make sure that we are ongoingly clear that we are sufficiently and/adequately prepared for UPpity. .. and even if we believe that we might have graduated to BTC maintenance stage or to BTC liquidation stage - we also may well need to recognize that honest and realistic reassessment may well justify that we put ourselves back into BTC accumulation stage... even though we had presumed that we had graduated from that stage of our BTC journey... sometimes even if we are better off than a no coiner, we still may well be a low coiner, relatively speaking.. so we do need to figure out if we are being sufficiently and adequately aggressive enough in our ongoing BTC accumulations... even if sometimes it may well be uncomfortable.

On a personal level, for sure, I am also feeling like I am somewhat putting myself into a bit of an uncomfortable position to continue to buy and also to use money that I thought had been removed from my bitcoin investment... so it seems to me that if we know about bitcoin, we are almost obligated to continue to buy my lil precious and to continue to overinvest.. even if we have pretty strong conviction that we have enough.. that is a kind of ongoing uncomfortableness that I continue to feel in these price arenas, too.


Aka:  Speaking in platitudes.


FTFY

Grow up.


 


Oh?  You had not noticed that the price of our lil precious had been "changing" in the past few days (or would it be more accurate to say "week?"  seems like a week, but maybe a "half of a week?")?

I guess SBF and his shenanigans might not be relevant to deee cornz.. perhaps?


Probably, you are correct..


As always.

 



Those are usually fruitless mental masterbation exercises to proclaim that if we remove one thing from history then our current situation would be like that rather than like this.

Impossible to prove or know.. even if it sounds like a good feeling thing to proclaim it.


Even though I think that I know what you are saying (in terms of perhaps the size of your BTC stash not being "affected"), I don't know how you would not be affected at all by the craziness of our current crazy-ass BTC price performance - that first of all brought us below the 200-week moving average for longer than we had historically been below that indicator (largely 4.5 months so far). 

In other words, it seems to me that you are engaging in a bit of hyperbole for effect.

Now, in regards to your forum registration date, you seem to have been registered here for around the same amount of time as me, so sure it is quite possible that you have been able to do quite well for yourself, even if you employed relatively conservative BTC accumulation practices - and surely you would have prospered even more from a wee bit more aggressive BTC accumulation practices.

Surely there are quite a few of us from around that era who have done quite well for ourselves, even if we may have made a variety of mistakes along the way, so maybe you would like to share a bit more about your various strategies over the years and maybe some examples of places along the path of your journey in which you have learned some lessons based on either mistakes, luck, persistence or whatever other qualities and/or practices that you believe might have contributed to your financial/psychological confidences in spite of some of our current negative price pressure times.

I was pondering whether I should say anything about that Saylor interview.

Let me break my silence.

I thought that the interview was not very good - because it seemed to me that Saylor was not really answering the questions very well - because Saylor kept suggesting that bitcoin is the best, and shitcoins suck and even there are needs to regulate scammers - and even though there may be some correctness in points that he was making, I felt that the points were not really being very well expressed to get to the heart of the matter, even though it is possible that regulation could have fixed some of these matters, but it is almost acting as if there is a need for a world-wide government to regulate exchanges - and surely legislators are not going to carry that out in any kind of way that is going to be helpful in terms of empowering regular people to not have their money stolen or to have central parties engaging in fraudulent misrepresentations regarding their solvency and their use of client funds to gamble or to rehypothecate multiple circular propping up of the value of their Ponzi-scheme shitshow of appearances of value.. until the many houses of cards come crumbling down way quicker than anyone would have expected.. .. like going from something like $32 Billion to zero or even lower than zero in a matter of a few days.

It's not that I really disagree completely with Saylor - but it seems that fraud laws are already in place - so the vague calls for regulation seemed problematic in terms of solutions to the problem of attempting to re-inspire confidence of institutions in regards to the likely ongoingly good long-term investment thesis in bitcoin.

For me, it is surely NOT any kind of "hit it out of the ballpark" interview in regards to the sad times that we are currently going through with our ongoing negative price pressures on our lil precious..


For sure based on both recent events, and also where the BTC price is right now, the odds would not be very great that our current local bottom of $15,632 from about 2 and 1/4 days ago would be the bottom.

Of course, a guy might get in more trouble if he is not at all paying attention regarding whether his girlfriend is appreciating her bitcoin gift - and surely a teaching tool can play out in all kinds of ways, and if the gift is $100 or less, then it should be easy enough to keep adding to the gift in order to keep it at or above $100.. even though for sure, the abilities of the guy to serve as a provider (or a replenisher of bitcoin) is going to vary from location to location, and if the guy is having difficulties keeping a $100 balance up for his girlfriend, then maybe he could start with a smaller amount, such as $10.

I was largely attempting to make it a point to have fun with the bitcoin as a gift idea - which surely seems to have more likelihood to work as an interactive tool the more that a guy might be willing to have ongoing feedback with the girlfriend.. and surely, over time, the guy can verify whether she is interactive or just a little selfish bitch.. hahahahaha...   And, don't get me wrong.. I get the sense that a lot of girls like to show off, and there can be ways to figure out how to have a "show off stash" of BTC that would be a smaller amount, and then also to teach about having some kind of a stash that is more of a "keep private" and cold storage stash.  There are ways to have a variety of different kinds of stashes, and the more available it is, then likely the smaller the amount, and the more cold storage it is, then it can be a larger amount - to the extent that any of us might want to help a girlfriend or anyone else in our real world lives to establish these kinds of systems and to figure out various ways to potentially get utility (and perhaps joy) out of learning about and maintaining such various kinds of bitcoin storage systems.


Of course, any person who receives bitcoin may well need to be shown or to figure out how to make sure that the bitcoin are sufficiently stored, and if the phone is lost, then the coins can be recovered.  Surely not easy, and there can be a lot of varieties in the various kinds of wallets regarding how they are backed up and what might be the various vulnerabilities of the ways to store bitcoin.  Some people will end up selling their bitcoin because they become too frustrated with even trying to learn how to store or to back up bitcoin, and even a lot of us in the Bitcoin space for a long time can recognize and appreciate how it is not even easy to keep up with so many different kinds of ways to store bitcoin and sometimes even longer term bitcoiners can get confused and/or turned off about the various ways that storing their bitcoin can become frustrating and confusing.

Someone may well need to start another thread in regards to this topic and link to this thread, since OP does not seem to be active (has not logged in for more than a year and a half) and there are likely going to be a lot of new additions to the "hacked" and otherwise corrupted exchanges during this calendar year, and probably we are going to continue to witness quite a few more additional falling dominoes in the coming months.. likely even having ongoing fall out from the various ongoing catastrophes into 2023.

Yes.. I know a lot of no coiners who buy those kinds of lottery tickets, and I suppose that I am not really against buying them, so long as you have your bitcoin game sufficiently in place, first.


Whatever you do, you have to be able to sustain yourself.  i am not sure if anyone here would be willing to bail you out... ..

Anyhow, I would not be able to commit in advance.. and don't get me wrong.. sometimes i do attempt to help people out who make mistakes. .. but I am just saying that you cannot really count on that.. when push comes to shove.. so that is part of the reason that you have to make sure that you are not taking unnecessary risks...

Have you weighed the Trezor versus the ledger?   

I have no really clue regarding how many coins you are securing (or how much value), and I don't claim to be any kind of an expert.. but the Ledger does seem to be problematic for the reasons already described/outlined by me and the green avatar guy (no homo).


None of us are claiming any insider jobs so far regarding the Ledger - but I am not even claiming to have been looking into any claims - except of course, many of us heard about their data leak.. but that could happen to any company and it does not necessarily have to do with the centralization issues regarding the lack of open source of the secure element.


I don't really want you to breach any of your OPsec, and since we are in a public thread (and even addressing you too as an audience), I just wanted to describe some kind of a threshold value.. that might make a difference, of course, in the west $20k is not even that large of an amount if we are talking about entry-level fuck you status being referenced at $2million... .nonetheless, I am still trying to suggest that if you are securing larger amounts of value, then it is likely more important to spend more on security of those coins... or at least to put more efforts into it.. so I don't even want to breach your OPsec or even for you to admit if your BTC might be stored over multiple devices (locations), but if they are all on Ledgers, then that still would not take care of the centralization issue that seems to be a valid concern of some of the guys here (and I doubt that it is just me and the green avatar guy).. and hey I know that some folks (such as Jimbo) do not even believe in hardware devices because they believe them to be too potentially vulnerable... and that is not necessarily an invalid school of thought even though there can be some usability issues with the paper wallets, too.


This seems to be a side point... and I doubt any of us necessarily want to know too much about your security specifics, but you kind of asked for a bit of a beating when you were poo pooing the centralization issues that come from non-open source systems.. and I am not even claiming to know enough about some of the trade offs - except I surely would question putting either large sums of money (whatever that is for you) or large portions of my stash onto such a device.. even though peeps to agree to like that particular device for shitcoins, which should not contribute to reassurance regarding wanting to use if for sufficient/meaningful sized stashes of cornz.. .


I was ONLY suggesting that you might not be in the mood to sing your songs - whether a little bad or real bad, if you were to lose all your cornz because of keeping all of them on that problematic device (if you happen to be doing that).. I am not trying to pick on you for the mere sake of it..


Of course, each of us has full and complete discretion regarding how or if we accumulate BTC, how we maintain our stash and the extent to which we liquidate them, and also what risk management we employ.  I will have to pray (not gay) for you, even though I am not religious... 

I posted quite a few words yesterday - even in this here same thread.

I posted so many words yesterday - lecturing our good ole buddy, PhilMa, that I even wore out my lil selfie.

The BTC price ONLY went down to $15,632 so far, so it was not possible to buy BTC below that price...

We talking bitStamp in these here parts.

Helrow?


I think that you are trivializing the risk @sirazimuth.

In other words, there is a pretty decently large security hole in the hardware device that you have chosen to use, and I would also hate for you to lose your coins that are on your Ledger.. even if they are shitcoins because you are poo-pooing the values that come from attempts that are made in the bitcoin space by making various kinds of open source code.. so in that regard, Trezor (and other open source) suppliers are likely better than closed sourced suppliers like Ledger..  

Each of them have flaws and complications.. so hopefully, you will think about your coins and not end up becoming a loser due to your own willingness to trust in a place in which a pretty obvious flaw has been pointed out.

Now if you have less than $20k in value held on keys on that device, then maybe it is not a BIG deal;.. but if you might have more than that, then you might want to at least diversify some of your risk.. and the mere fact that "everyone else is doing it" should not justify taking those kinds of risks  - because we (likely beyond royal) would like you to continue to be able to witness you prospering, singing bad songs and throwing your excess money at gay/gey/gray subconscious tributations, rather than having to have to resort to eating cat food (which I hear is not very good for your spirit).


So .. .in other words..

Stawp doing you..


You dumb ass!!!!!!

 




 

I don't have any problems with ideas regarding attempting to evaluate and valuate bitcoin in terms of dollars, whether we are talking about current value or future value - because largely I have difficulties understanding what is the meaning of 1 BTC = 1 BTC, even though a lot of smart people talk like that... but such a statement about 1 BTC being equal to 1 BTC  still does not mean much of anything to me.. except for removing us into abstraction, fantasy and detachment from the real world.

It seems to me that we do not necessarily need to devolve into such meaningless (and vacuous) statements such as 1 BTC = 1 BTC in order to attempt to figure out that BTC is the soundest of money that we should be attempting to accumulate.. and at the same time, the dollar is likely to remain quite dominant as a very widely liquid currency for many years to come - but still even having a parallel dollar system and a bitcoin system, hardly seems to justify that any of us should feel that we need to completely remove ourselves from the dollar system, because a lot of goods and services continue to be priced in dollars and will likely continue to be priced in dollars for many years to come - even though BTC is also likely to continue to gain a lot of value relative to the dollar as it already has historically - even though in shorter-term periods, BTC is almost certain to be inevitably volatile against the dollar... though with ongoing longer term likelihoods that the volatility will be towards the upside for bitcoin.

So in that regard, it seems blind and fantasy to fail/refuse to attempt to consider both the value of the dollar and the value of bitcoin and attempt to adequately and sufficiently allocate to be able to have both.. have enough dollars to cover short term expenses, and attempt to continue to accumulate BTC or at least to account for NOT selling too many of them too soon as it is likely good to continue to accumulate them.. but each of us also has to be careful NOT to overdo it.. and/or to over invest in bitcoin in such a way that we are forced to sell more bitcoin than we would like to sell at a time that is NOT of our own complete and voluntary choosing.

I am not against supplementing cash.. but you have to realize that if you have a $15k per year maximum, then staggering them would be buying $1,250 per month, so then by the time the year comes, then you have one year worth of those bonds staggered... so largely you are tying your $15k up for at least one year, and then if you keep buying on a monthly basis, then you have new ones coming available on a monthly basis after the first year has past.

That can supplement a BTC buying strategy, in case you believe that you have enough BTC.. but if you are way under invested in BTC, then you might want to figure out your BTC strategy first.

And fuck shitcoins.. or stable coins.. there is no need to describe shitcoins or stable coins as a competitor to bitcoin because that is a different kind of a discussion and largely off topic if you are trying to figure out how to earn yield with shitcoins, and you believe that Ibonds are safer than getting involved in various shitcoins.

Also, regarding your continuing to bring UP this Ibond bullshit.. to the extent that you are even framing the situation very well, I second what Biodom says here.


What are you talking about?

Are you referring to these to articles or some other way that SBF has gone missing? 

1) Sam Bankman-Fried quietly deletes his claim that FTX customer funds are safe

2) SBF Scrambles to Cover Tracks After FTX Blowup


Link or it did not happen.

Hey we are allies in laddering.. Not trying to be too friendly... to uie-pooie.... because I tend to want to yell at you in recent times.. that's my current inclinations.. .

hahahahaha

  At some point a couple of months ago, perhaps?, I had changed my BTC buy increments to $500 increments too.. .so my lowest buys were in low $16ks and none of the mid-$15ks executed.. so far.. and surely I am not going to be hurt if none of those orders in the $15ks or lower do not execute...

So a rough estimate of the quantity of BTC that I purchased in the past couple of days would have amounted to increasing in my BTC stash by about 0.5% (more or less)... so the amount of BTC that is accumulated is not really a major amount of BTC buys relative to the stash size.. but it fits into my system, as such system is currently being implemented within the boundaries that I have established (which I am pretty sure that there is quite a bit of new cash in there too.. which kind of goes beyond what I would have preferred to have had done.. but it is what it is and I am comfortable doing it without whining about the choices that I made .. and/or the various adjustments that I deemed were appropriate to make.)..


Cheering for DOWNity is not becoming of a coiner.

Are you a "real" coiner?

Coiners do not cheer for down, unless they are not sufficiently and/or adequately pppppeeeeee pared for UPpity.

 


Aren't you the negative nancy to beat them all?  We could still have a few months of consolidating in the current price range and then end up doing a early 2019-like run.. that ... so whatever, you should not be getting so caught up into thinking that BTC prices cannot go up, when we already know that they can, and we do not need institutions to pump our bags.


Oh gawd.... 

You are getting even worse...

This is what you were talking like in 2018 too.. Acting as if BTC were correlated to equities and the overall market, as if bitcoin were a mature asset class. 

Haven't you figured it out yet? 

Bitcoin is not as correlated as you are making it out to be, even though it does seem to do better when there is overall liquidity in various markets, but I doubt that it has to have all the conditions that you are presuming that it needs in order to do better than various other asset classes... It's still the most sound money in existence and it has not lost those value gravitational aspects, even if some institutions might be too scaredy cat to take advantage of it, there are longer period for retail to continue to front run institutions - which was getting to be unfair when Saylor was telling all of his friends, and NOW Saylor's friends will be less likely to listen.. but that does not preclude others from getting in or even the fact that there are still Bitcoin true believers who have not been burnt as badly as you are theorizing them to have had been burnt.


Well.. Cheer the fuck up.  It is not as bad as you are making it out to be.


Yeah.. and bitcoin is not broken..

Tick tock next block, and also lighting is getting more and more developed as we go, too... King daddy is doing just fine.. so maybe you should figure out how to increase your 20 BTC stash instead of whining about it having had lost value in recent days...

In the bitcoin industry you are a loser.


a no coiner



begging



loser.







Hint, hint.... would you like to NOT be a loser in the bitcoin space any more?

This might be a good place to start accumulating sats, in case this bitcoiny thing catches on.


Well..

It looks like you still don't get it.. eXPHorizon.

You seem like a bitter no coiner.. and yeah, maybe you will start to chase the train at a later point?  Maybe in the supra $500k price range?  Perhaps?

Or maybe you will die a bitter no coiner?

And, begging?

That won't help, but some of us might need some help in the yard.. you might be able to do "outside work" .. probably you will not be able to be trusted to do "inside work" like cleaning the toilets.. ..   Outside work will need to do.. Maybe?  We will see.  Maybe you will figure out some way to actually reform yourself.. and yeah, if we might improve some of the prisons with some kind of a rehabilitation program that might help current nocoiners, those who fail refuse to prepare themselves to help themselves and bitter folks like you.  Perhaps?  Perhaps?  Not sure.. 20-30 years flies by pretty quickly...


Shit.  2025 is ONLY 3 years away.  Wo whether BTC will be UP or not is still to be figured out, but if you plan for 4-10 years, you might still be accumulating if you start now and through 2025.. and yeah, it may well take a while for you to really see results, since you seem to be your own worse enemy with so much negativity, failure/refusal to plan, so I question if you would even be able to follow a 4-10 year plan of accumulating so that maybe 20 years down the road, you might be able to stop cleaning toilets.. or whatever kind of work that you might be capable of doing, currently... not trying to denigrate janitors... they make pretty good money, relatively speaking and surely more honorable than a beggar... and surely they may well be more willing to work than a beggar.


I already responded to your assertions regarding what you are doing (or what you have been doing), and I am not even necessarily asserting that it is wrong, except perhaps the bragging part, and also the internally inconsistent part in which you were saying that you were buying US Govt bonds in order to get a yield (which would lock that cash up for 6-12 months before the yield even would kick in)..

In other words, you are trying to selectively spin what you are doing in such a way to brag about supposedly being right in whatever risk management and BTC accumulation you were carrying out.  

It seems that I don't really need to say more than what I already have, except maybe I will just supplement to assert that any newbie to bitcoin should be buying with DCA, and perhaps supplementing with buying on dips and lump sum investing.

If you have been in BTC for more than 10 years (and especially if you are into your 60s or later) I would think that you should have been mostly over most of your BTC accumulation - especially the regular DCAing.. but you cannot really ever preclude buying BTC on dips in situations like our current situation, so I would expect that many of us WO regulars are buying on these kinds of dips to the extent that we had not run out of money... and I doubt that it is even fruitful to get into explaining what I have been doing.. except just to reiterate that I am not really off of my system of buying on the way down and selling on the way up..

...and of course, since BTC prices had considerably overshot (to the downside) on several occasions in the past 6 months or so, I have had to make some adjustments, but surely 5 months of mostly sideways (and largely below the 200-week MA) has allowed for some abilities for me to make some adjustments to my cashflow and various ways that I attempt to deal with these kinds of situations (none of them are exactly alike but I have quite a few personal guidelines that have come from following my system for nearly 9 years and tweaking it along the way to tailor to my personal situation) and to continue to attempt to prepare for either BTC price direction.. including down as un-preferable as that may well have been..

..and I think that the beginning of the going down below the 100-week moving average in the mid-$30ks in early to mid-May, I made a whole hell of a lot of adjustments.. Initially, in early May, I had BTC buy orders ONLY going down to $20k, and then later (by Mid-May-ish) I adjusted them down to $17k-ish.. and then even later in June and July I made further adjustments down to $15k-ish.. and then even more recently I adjusted down to $14k, then $13k, and then currently at about $12k.. so I am not even without a plan if BTC prices were to go below $12k.. yet of course, that is not the preferred route.. even though I am surely NOT without a plan to deal with even lower probability situations.. as repugnant as that seems..

...and I have not been shy in stating that I had preferred that the BTC price NOT go below the 200-week moving average, or stay below the 200-week moving average, so when we first got into these BTC price doldrums of being below the 200-week MA about 5 months ago, the 200-week moving average was around $22k, and currently it is at about $24k.. so yeah.. we have spent a lot of time below the 200-week moving average.. even as the 200 WMA slowly has been going up.. but at a more and more slow and graduated pace...  and still our current BTC price has been staying quite a ways below such 200 WMA.. .. which is less than preferable.. but still does not mean on a personal level that I have locked myself out of attempting to prepare for either price direction, even if I consider some of my preparations for down to be not BIG plays.. but they are not absent, either.

.. and sure there are some other tactics, too.. including that if I were to need to spend some of my BTC, I would do it, even though I would consider that spending at such historically low BTC price levels (referring to the 200-week MA, again) would not be preferable either, even if such sales of BTC made right now at our current BTC price of $16,650 would still be greater than 16x profits for me in terms of dollars if we consider an average cost of $1k per BTC to be a reasonable and relatively accurate way to measure my own personal rough ways to figure costs per BTC in my investment portfolio..

so I am not feeling outside of options, or even like I need to shy away from criticizing some of the silly-ass and seemingly inconsistent and emotionally-laden ideas that you frequently spout out into the air (that seem to come with a quite a bit of lack of appreciation of what is BTC, too).. that might not be very good in terms of your frequently talking in absolutes and even suggesting that you need to mention some of your seemingly crazy-individual tactics that involve various kinds of shitcoins and even various likely-to-be wrong (or would it be more accurate to describe as "backwards?") ideas regarding hash-rate relationships to BTC prices.


I have heard that before.

MajorMax?  Is that you?