Oh gawd.. 

You believe that Musk is the enlightened one, when it comes to bitcoin allocation strategies?


We can agree to disagree in regards to my having had quoted what I already know to be a dumb and disingenuine twat.


Wow.. Interesting.


Not going to get any arguments from me on this point.


I agree with the idea that there are certain kinds of choices in which you cannot go back upon, but bitcoin is not one of those choices.

You can jump on bitcoin at any time, even though it is quite likely that you will have more advantages to jump on sooner rather than later.

Oh gawd...  


Why?  Generally speaking, for a bitcoin HODLer, accumulator, there should be no reason to be "pissed off" in any kind of real and meaningful way.


Or is there?  





What memo (or happening in the world) did I miss?


You are starting to sound a bit dogmatic in your desire for lower BTC prices that may or may not happen.

There are plenty of times in BTC history that it did not dump again a few weeks later to retest the bottom, and in those cases, plenty of fence sitters, bitcoin naysayers, shitcoiners and nocoiner/low coiners got reckt.  Do you need examples (or can you look at the chart yourself?), or are you just going to state certainties about some BTC DOWNity price movements that are less certain than you are making them out to be.


You are asking for a batslap, aren't you?  Horey sheit!!!!!   

I can picture you at the Mickey Ds' counter now.

McD repp: "Can I help you sir?"

Homer:  "I would like the all natural option of the Egg McMuffin and coffee"

McD repp: [searching through the menu to identify the proposed item]  "I am not sure if we have the item about which you speak."

Homer: "Let me put it to you this way. It's the Homer customized variation of the Egg McMuffin and coffee"

McD repp:  [exuding a confused look]

Homer:  "let me try this again"

McD repp:  "great"

Homer: "I want you to provide me with the egg McMuffin and coffee but hold back on some of the ingredients in order that I maximize my 'all natural' experience with that item"

McD repp:  "this is not Burger King, you know?"

Homer: "I know that, but can we just treat it like Burger King for this particular order, especially since I am a frequent customer of yours.. but I just want to try something new"

McD repp: "we usually just stick with the items on the menu as they come, but I can check with my manager."

Homer: "I would really appreciate that, just this one time, of course"

McD repp:  "could you wait a few minutes on the side sir? and I will check with the manager."

Homer: "no problem, Mckey D's is my favorite restaurant in these parts.  I am a regular, and by the way, I make hats, too."  [steps to the side]

McD repp:  [serves about 30 customers in the next 15 minutes while Homer waits]

Homer:   [waits while looking anxious at the bitcoin price for the next 15 minutes]

McD repp: "o.k. sir, I checked with my manager, and she said that she is willing to accommodate you this one time, since she had noticed that you come here almost every day for the past 3 years - at least as long as she has been a worker here and got promoted up to manager.  Please state your request sir."

Homer: "Thanks.. I really feel appreciated.  I have been reading about this topic on the internet, and I would like my Egg Mcmuffin and coffee in the most natural way possible"

McD repp: "Ok.. sir.. I don't need those kinds of details, even though we appreciate your sharing, but can you just state your request so that I can make sure that we can do it?"

Homer:  "no problem.. I was getting to that.  Here's my request.  I would like my egg Mcmuffin and coffee with everything except hold the toasted English Muffin, hold the real butter, hold the lean Canadian bacon, hold the melty American cheese and hold the coffee."

McD repp:  "wow.. that is holding a lot of ingredients, yet I am quite sure that we can do it, since you presented your description of what you want so clearly and unambiguously, and my manager already agreed to accommodate you this one time."

Homer: "yes, it is part of my hobby to present myself clearly and unambiguously. That's why people request my hats....... I was born that way."

McD repp:  "We will get this done within a few minutes. Can you wait on the side?"

Homer:  "Yes.  I'm loving it"

McD repp: [goes to the back and returns about 15 minutes later with a bag and a box]  "here's your order sir."

Homer: "Thank you. I am going to eat this here, and I will be back tomorrow."  [takes bag, goes to table, sits at table, removes box from bag, opens box and eats egg with look of immense pleasures that are beyond the description of mere words]

I would not be characterizing any kind of correction down from $40k or $50k as a "small correction," even though relatively speaking, the crash might not be able to get down to the break below the current $17,593, but we are not going to necessarily know that while we are in the process of going through the correction, and furthermore, I am suggesting that the likely ongoing moving up of the 200-week moving average from its current $23k position to something possibly in the $25k to $26k or even higher position, may well make difficulties both getting back down to the 200-week moving average, going below the 200-week moving average and even being able to go something like 25% or greater below the 200-week moving average.. and yeah, we have already seen that the 200-week moving average is not exactly an impervious support level, and we have already seen that it can be broken and even go something like 25% below .. and surely it is possible that the BTC price could correct even further below the 200-week moving average, but surely it is not an easy thing to accomplish - even if the fucktwat status quo players feel that they have infinite amounts of cash to try to play these kinds of manipulation games with the BTC price... and surely some of the gamblers (and scammers within   BTC such as the 3AC, Celsius, Voyager and even coinbase/blackrock types.. or even the Tesla paper hand types) are not beyond bringing their own downward pressures upon BTC in order to attempt to shake as many coins as they can from HODLers.. and not even saying that the ones who cause (or contribute to) any potential BTC price fall (small or not) would be the beneficiaries of such downfall that they might end up contributing to.


Well, usually negative news is better if it is coupled by bearwhales taking advantage towards dumping coins with a hope that others are going to follow - which may or may not end up happening...sometimes it works, and sometimes it does not.


Yeah of course, macrofactors can cause liquidity issues that cause bitcoin to dump harder and faster than other assets, yet at the same time, bitcoin does not always act in the ways that are expected and that is why you can look through bitcoin's price performance history and you can identify various points in which bitcoin made certain kinds of bounces UPpity that cause it to really NOT be correlated with various macrofactors, even though in very large portions of its history it continues to be correlated with various macrofactors... so in essence, I am not denying anything that you say, but at the same time, we have to realize and recognize that bitcoin is a new asset class that cannot be safely pigeon-holed even though so many folks who fail/refuse to HODL their bitcoin get screwed by their historical failures/refusals to recognize and appreciate such reality about bitcoin as an asset class that is NOT correlated to any other asset class, even though it has a decent amount of its history that it "feels like it is" correlated.. blah blah blah... good luck with that.


You are presenting some ideas that come off as if they could be almost true.

 

Most likely, I don't really disagree with your overall points Doan9269, including the other similar optimistic points that you made at around the same time of this post in another El Salvador thread. 

Nonetheless, I think that it would be better to attempt to frame matters a wee bit differently from the way that you are framing them, because it is almost starting to seem as if you are placing way too much god-like status on Bukele, and suggesting that he is wiser than others and anything that he does is good and should not be questioned, which surely is a dangerous way to frame matters.

Surely, I believe that a bunch of the bitcoin naysayers and the El Salvador bitcoin critics are wrong in their various premature assessments regarding the failures of the bitcoin tender law implementation in El Salvador, even if sometimes they might be bringing up some decent points regarding some of the speed bumps that have come up and also that there are potentials that some of the matters might not go as well as the El Salvador government sometimes seems to be framing matters.

I am NOT going to deny that Bukele does seem to be a pretty smart guy on the topic of bitcoin, and he seems to also be in the practice of consulting with quite a few smart people in regards to the bitcoin topic, even though we likely do not know details of the vast majority of whatever consultations that he is doing on the bitcoin implementation topic.

There also are going to be needs to account for on the ground developments in regards to a variety of topics including whether some of the governmental leaders or even private sector influential people within El Salvador are having difficulties with the implementation of the bitcoin law and various ramifications, and even if there are some segments of the population that have varying  views on the topic, so even though Bukele appears to be a wise leader, he does need to continue to have interaction with the various interest groups (stake holders) within the country and/or to have people who are close to him who can adequately and competently carry out those kinds of interactive functions.. such as gathering information, assessing the information to figure out if tweaks to their practices and approach should be made.

There are some aspects of bitcoin (especially regarding the future) that no one really knows with high levels of certainty, even though there can still be high levels of confidence that there are good faith efforts to attempt to employ the better of the possible paths to attempt to maximize various benefits that come from the implementation of the bitcoin legal tender laws, and almost no good thing is not without some needs to reach various balances, and to attempt to rebalance upon the best information available while recognizing that sometimes mistakes might be made along the way, too... including that sometimes there might end up being some individuals who are close to Bukele and supposed to be implementing the bitcoin law that might need to be replaced or even to be moved to a position (duties) that might be better suited to their skills and abilities which sometimes might end up in tougher decisions regarding firing some folks who might have gone astray in the process of carrying out their duties or going beyond what was expected... or not being able to get to the competency level in which they might be considered as useful to having a position within the administration.  Lots of shit happens, and Bukele is likely to make mistakes along the way too... or even to be faced with choices that he finds really difficult to make... including several possibilities about how to go forward in which sometimes there is not any kind of exact obvious right (or correct) choice... but then once the administration makes the choice they might still present it as the best of the choices (which may well be a spin rather than the actual truth.. which does not even necessarily mean that they did anything wrong or that they were acting unethically even though some folks might genuinely and reasonably perceive their actions in that way).

The two of you are crazy.

Detached from reality.

Wanting to see the world in a way that it is not, and a way that you wished that it were.


 



Most of the time, I try not to get very much involved in the various interpersonal battles, yet inevitably there may be some needs to attempt to follow some of the matters in order to attempt to understand some of the context for various claims that members are making in regards to the conduct of other members or some of the changes in forum rules/practices that they might be suggestion to potentially be  solutions to the various problems that they perceive to be happening.

Over the years, I have had some mixed interpretations of some of the issues set forth by Timelord, and surely sometimes he brings up decent points and/or frames some of the subject matters in ways that are worthy of consideration and even might be ideas that no one else is raising and should be considered.. This framing of the merit source versus DT1 matter surely is not even close to one of the times that seem to be worthy of considering based on the way that Timelord is framing the topic.  

As almost all opposition responses have pointed out, Timelord's whole premise seems to be off since the DT system has different underlying goals as compared with the merit system, even though if we were to draw a Venn diagram with two topics like the one on the left below, we would likely see that there can be some overlap too (the A & B portion), but the mere fact that there is some overlap does not mean that they are the same thing in the majority of circumstances as Timelord seems to be wanting to imply with the way that he is presenting the topic in this thread.

I doubt that your linked post of one of my responses is very reflective of what I think, especially since I was joking when I responded to that, yet largely the essence still ends up being that we cannot really know if the price trend is going to continue to go up, or if there is going to be a meaningful dip prior to going up more or a meaningful dip ONLY comes after having had gone up more.

I made an even further response in this post, after member Moringstarr had posted a kind of "down before up" proclamation.

Even if from time to time, I make various proclamations about the BTC price direction, I don't really consider myself to be someone who is planning my own behaviors in terms of placing very much emphasis in trying to figure out which way the BTC price is going to go, and if you look at my various posts within this thread, I frequently try to provide strategies that are not very dependent upon which way the BTC price is going to go in the short term with a kind of presumption that down the road in the longer term 4 years plus, the BTC price is quite likely to be higher than it is today.. or any day that you can pick that ultimately the BTC price is going up so that if you are ongoingly accumulating BTC at any price, that you are going to be better off in the future (4 years or longer) as compared to how you are today by either staying in the dollar or investing in any other assets/currency... So in any event nothing is guaranteed when it comes to how the presumptions end up playing out.

So as far as specifically attempting to prepare, each person has to look at their own situation, and surely if anyone is in the earliest stages of BTC accumulation, then it seems to me that there needs to be an ongoing dollar cost averaging (DCA) plan that is in play, and surely that DCA plan can can be supplemented by buying on dips and lump sum buying.. and from my point of view, we just have to be careful in regards to allowing the perfect become the enemy of the good in the sense that we are never really going to be able to exactly time the bottom with any kind of precision, so we could end up screwing ourselves in terms of both finances and psychology if we overly invest in waiting for dips that may or may not end up playing out.


O.k... fair enough... the bottom of $22k-ish might not be in, yet.  What about the bottom of $17,593 from mid-June?  Is that bottom in?  And, if you have any ideas, or suspicions regarding what might happen, then what are you going to do about your suspicions? 

Are you waiting?  Do you already have BTC?  Hopefully, you are not selling much if any BTC at this price with hopes of buying back lower when lower may or may not come.

So largely you seem to be suggesting down before up, and any amount of UP would be limited by around $25k-ish at the most - or the BTC price would be breaking above the wedge?

Some others have suggested that we could get some UP before down, which could take us to $30k and potentially a bit beyond $30k before breaking back down.. and I suppose that would be the medium bullish scenario.

There are some outlier more bullish scenario proclaimers who are suggesting the possibility of a break out that would be similar to 2019 - so in that regard we could end up getting well into the $40ks in such a scenario and even touch upon $50ks... and even in a 2019-like scenario we did end up getting a break back back down into the $7ks in late 2019 - and I would not even count the March 2020 break down to $3,850 as being part of the breaking back down.

Surely here we have some looming macro circumstances that could cause a quite extensive breaking down of BTC prices after the November 2022 election or might not happen until early 2023- which breakdown might not feel as bad if we could at least get UP first.. then at least in those cases, we might not necessarily have to have another break below the 200-week moving average for very extended periods of time (maybe for a week or two at most), and I anticipate our 200-week moving average will be getting into the mid $25ks and even approaching $26k by February 2023.. so if we get another 25%-ish break below the 200-week moving average, that will take us close to $20k again.. and surely that seems like a scary scenario that is not totally outside of the realm of possibilities... I just hate having to rely too much on macro factors, even though we have seen that bitcoin can end up being quite liquid during times of crisis that have been referred to as liquidity events - and even though I don't really buy any of this correlation bullshit when it applies to either bitcoin as a long term investment or even that there are likely going to be various times in the near future that bitcoin is going to to a wee widdow bouncing up - whether that is 3x, 5x, 8x 10x or more before it goes back to playing along with the short-term correlation narrative that makes so many normies (traditional financial analyzers) feel better to act as if it is correlated in their little fantasy world.

Personally, I believe that the trend is going to continue  until it stops continuing.

Finally an interesting post, substantively speaking.  I wonder how many of us are not humble enough in terms of recognizing and appreciating our own knowledge level?  

A lot of us likely do know that we do not know certain things, and some of us might go through life with more cockiness than what is deserved in the direction of thinking that we know enough, but then we can still go through life while hedging or trying to temper for the fact that we are not sure, and we will go forth with a decent amount of hesitation.... how many risks do we take?  I would speculate that most people become more risk averse as they get older.. well that is if they have anything that they want to preserve.  Some folks might stay risk seeking because they have not really accumulated much of anything in life that they might be trying to preserve.


What are the chances that you are eating 100% egg?  Not very high with all of the bullshit of years gone by regarding how "real eggs" are supposedly bad for you... there have been filler products for eggs for at least 50 years.

>>>>>>>"The Egg Beaters product was introduced in 1972 at a time when there was a widespread public perception in various countries that any dietary cholesterol (at all) was horrible for cardiovascular health."<<<<
https://en.wikipedia.org/wiki/Egg_Beaters

And, it appears that some of the original egg substitute products were claiming to be 100% eggwhites, so were just filtering out the yolks, and the yolks are surely within competition of being the most nutritious part of the egg - but maybe it is most nutritious to eat whites and yolks together.. who would have thunk?

I did just look up the eggs used in the McMuffins (on the internet), and the internet claims that McDonald's egg McMuffins are using 100% real eggs... Go figure?  I should not be so skeptical about corporate foods.

In years gone by, I had seen informational pieces about the chicken mcnugget only being a minority chicken, so I was already familiar with the idea that McDonalds was using fillers in their products, and for some strange reason, prior to seeing that infographic, I had presumed that the beef patty was actually beef.. because I had eaten it previously, and it tastes like beef... so that is pretty scandalous to be using so much filler, and even less than 50% beef.


You mean I did all of that ranting.. and now you are saying that McD is now using 100% beef in their beef burgers?

Let me look this up.. I will be back and finish off this post, after I find out what the internet says... please hold.....

Ok... I am back. after a few minutes interlude.. not that anyone noticed... McDonalds say that they are using 100% beef.. so it must be true.. right?

https://www.mcdonalds.com/us/en-us/faq/burgers.html#:~:text=McDonald's%20burgers%20are%20made%20of,all%20that%20great%20beef%20taste.

Edit: and then I get further down the thread and see that Homer already provided this info... not that I believed that I had been engaging in cutting edge research.. but instead it turns out that I was engaging in redundancies. What else is new?


Please kind sir.. invite some WO of us (asking for a friend) peeps over for Torque gormet burgers such as yours truly and maybe some of the others that you really "like" in these here parts... .. and especially if $3 per person means that we get a whole burger to ourselves and do not have to share our burgers with either Torque or the Torque family members (#nohomo).

Clearly defining who is counted in terms of being a "bitcoin adopter" can be an interesting point, too.

How much BTC do a "bitcoin adopter" need to own in order to count?  Is one satoshi enough? How about 10,000 satoshis (~$2.34, as I type this post)

What about if you are in and out of shitcoins - which is almost like being into bitcoin (if we consider that you kind of know about bitcoin - not wanting to presume too much, here), but not quite a bitcoiner.. because you are really a low coiner or a no coiner.

Low coiners is another category, who likely own way less bitcoin than they should.. and a question regarding any low coiner (or even low coiner for that matter) would be about their financial status overall.... which leads us into two subclasses of low coiners to attempt to consider:

      Young person low coiner:  It should be considered somewhat normal (or socially acceptable) that a young person who is just establishing themselves in terms of financial independence from their parents might not really have any money invested into anything - and might have to take a bit of time to just get into the habit of setting aside investment money, so if such young person starts to establish a cashflow then part of their cashflow (anywhere between 1% and 25%) could be invested (and perhaps all of their investment initially into bitcoin until they get to a certain level (maybe once they get to $20k) that might justify diversification across assets (no diversification doesn't mean getting into shitcoins.. hahahahaha.. tempting as that might be)).. so for the young investor, who fails to set aside at least 1% of their cashflow for investing (and maybe specifically bitcoin?) might be labelled as a low coiner

      More mature investor low coiner  a more mature investor would be someone who has already established a somewhat meaningful investment portfolio.. .perhaps greater than $20k in value.. (sure a somewhat meaningful size is going to vary from region to region).. and with a more mature investor, to determine if they are a low coiner, then we might question whether they have reached their 1% to 25% allocation of their already existing investment portfolio into bitcoin?..  So a mature investor low coiner would be someone who has allocated less than 1% of their investment portfolio into bitcoin..
                                     Example Let's go further to show someone with more assets and who accordingly owns a $300k house, and an investment portfolio worth $300k as well.  So then such a person could assess how much equity that they have in their house - let's say $150k, and then perhaps assign half of their current equity as their total quasi-liquid investment portfolio to arrive at a figure of $375k.  So I would label that person as a low coiner if they have less than 1% of their total quasi-liquid investment portfolio into bitcoin (in this example less than $3,750 into bitcoin) which is a low bar, so an acceptable initial investment into bitcoin target range would be 1% to 25%, which in in this example would be to $3,750 to $93,750.  Anything lower than $3,750 would be less than 1% invested into bitcoin for this example and a low coiner, and even lower on the allocation target range (above 1% but close to the low side) would be whimpy but acceptable, and anything higher on the allocation target range (approaching 25%) might be aggressively investing into bitcoin but acceptable.  

I don't really expect to be around in 2062 either, and if I am I am going to need a lot of help with physical tasks.. so maybe AI could be helpful.. and I am not even sure how that might fit into the whole scheme of things - such as representing me or representing my wishes.

I am trying to figure out some ways in which to create institutions and practices that might outlive me, and perhaps Saylor is doing a similar thing - and to question what might be the state of Microstrategies or how such company might be composed by the time we get to 2062.. There may well be various Saylor companies that mostly revolve around bitcoin - and maybe some of them will still have some relationship to some of the current software development cashflow in which they are involved, too?

Yes.. your ford baby lambo seems  to have had cost more than my latest disclosed stash by 27% (0.8/0.63) - that's 127% of my latest disclosed BTC stash   

And by the way if you are in any way balancing your BTC stash level with considerations of purchases, whether you are considering utility, investment or recreation (consumption), there is likely little to no difference if you had sold BTC to make your purchase or if you had used fiat or some other way in which you chose to buy such item rather than buying cornz with such.

Don't get me wrong, I am not against purchasing items whether for investment or consumption, but I am against folks who are buying various items for the mere sake of buying them in order to show that they are rich, in the event that they have not established a decent investment portfolio or alternatively reached fuck you status or something decently close to fuck you status, and new cars are surely a depreciating asset.

Cannot know with you, shahzadafzal, if you have already decently established your BTC stash in order to be failing/refusing to buy BTC with that value that placed into such baby lambo

Also, I am not always going to say that new cars are a unwise purchase, and the needs of people are going to vary too, in terms of how dependable they need their car to be (that is if they need a car) - which may end up causing such car to be a utility item more than a luxury item, but I do recall in my youth quite a few of my peers spending a lot of money on new cars way before they should have been able to afford such new cars while they failed and/refused to make actual investments (or to set aside a portion of their income into investments)... .. 

that baby yacht seems to have cost you nearly 1.5% of my latest disclosed stash.... (0.00937/0.63)


The experience better be worth parting that many of my lil precious!!!  

Also, watch out for gators... we saw some scary pics/videos in these here parts in recent times.  #justreminding

For sure, survival is part of the name of the game, and if you can make it through these down periods without losing all of your coins (or at least not too many of them), then you are likely doing well.... and you are likely doing even better if you can pick up some more coins during periods like these.

My own situation is still somewhat ambiguous because surely I was buying on the way down, and I even felt that I had to allocate some fiat towards bitcoin that had already been allocated towards other fiat spending matters.. but I reconsidered the situation and redirected some of those funds towards bitcoin.

I had mentioned earlier that I had felt some need to get involved in a bailout of someone, and surely that bailout is looking like way more than I had even considered - so I am still trying to figure out ways to spin some of that in ways that are mutual interest to me.. I am kind of feeling like Sam Bankman Fried - even though I do not do shitcoins.. but I feel like I am kind of on the bailout side of matters.. and thinking of ways to advantage (or at least not be damaged) by engaging in such.

At the same time, we still have to figure how to deal with the rest of what might be ongoing consolidation in terms of trying to be prepared for either UP or DOWN in the short to medium term, and even trying to figure out where we are at currently.. what is our price range? At what point would it be reasonable to start to feel comfortable that the bottom is in?  I have been shifting around in regards to that number too.. but I am pretty sure we have to get a decent amount above $30k before starting to feel that the bottom is in.. .. but that still gets us back to the need to account for both price threshold on the way up and how much time it takes to get there... we could have a quick upburst, or we could have ongoing trickling in the higher highs and higher lows sense.. .. so even if we know that some downs are inevitable, the short term questions still likely involves whether we get up before down or down before up... even though in recent times we have been staying within striking distance of making new highs within the consolidation.. and maybe breaking above $25k might get us some more spurt up... what are the odds?  Any more negative pieces of macro in the near term coming out?


Yes, we know that these various kinds of propaganda issues exist with the media and with the government, and sure there might be more areas of desperation in times like these in which all things seem to be collapsing.. and even worse, in some ways, as compared with previous times, yet the question still remains what are we going to do on an individual level.

Bitcoin Bunny (BB) suggested bitcoin as being part of the solution, even though BB continues to talk about the so many problems in the world, so I would imagine that even he does not believe that bitcoin can fix all of the crazy-ass things - at least not in the short-to-medium term and effectively as long as most of us will be living, we are going to likely continue to be in a kind of transitional state of affairs in which bitcoin is going to serve as part of the solution for a lot of us.. and it is likely even governments and media are going to end up coming around to bitcoin, too.. but probably NOT without any kinds of major battles and ongoing spreading of confusion for many decades to come.

In the mean time, how much of a bitcoin holding might serve as a solution, and how are we going to carry our bitcoin during these trying times, because if we want to be members in society, we likely need to continue to have feet in each of these worlds in order to not become a target, either.  

I am not sure about the proper balance for each person, even though I continue to try to employ what balance I believe is reasonable and prudent for myself and given my own circumstances.... After you answer some of the questions about how many coins to accumulate, then you have to reach it, and then these are not static matters because hopefully each of us are still able to use our coins to our advantage, and how much can we shave off at a time in the event that we do not have fiat to spend first.  I was talking with one of my relatives who tells me every time that I see her that she should have listened to me in 2014 about buying bitcoin .. and what can I do except keep saying the same thing even though her situation is getting worse and worse.. because she is on a fixed income pretty much and getting older and older and unable to do stuff, so everything that she has is in her house.. she does not have hardly any other liquid assets and her cashflow really seems inadequate for maintaining anything close to her prior living when she had been working more and able to earn more income.  I cannot exactly tell her what to do because she hasn't been listening to me since 2014, even though she likes to talk about it.. but if we get into anything in the direction of her taking some kind of action, she changes the topic or her eyes start to glaze over.  She's not ready... and there is ONLY so much that I can do to save others from themselves.

At first I had not noticed the article was from one year ago.. so we need to take that into account, as well in terms of what calculations that the power plant operators might have been making last year versus how they might reconsider the matter this year with bitcoin having dips bringing it perhaps 1/3 the price as it was at various points last year... but still in the end, many of us know that bitcoin can be a quite profitable investment so long as you don't get too greedy about matters, and you are able to figure out ways to balance your cashflows so that you do not get overleveraged in one direction or another.

When we attempt to figure out what various enterprises might do, or how they might choose to balance their use of debt, and various ways to create cashflow so that they can potentially accumulate both bitcoin and cash in order to sustain their operations, we know that sometimes they end up getting into trouble because they might overly leverage in one direction or another - and even with something like attempting to run a hydro power plant with a purpose of accumulating bitcoin, I would consider it a better operation to attempt to attempt to employ some kind of a hybrid model in order to serve the public with electricity at the same time as mining bitcoin, even though they may have concluded that the bitcoin portion of the business is more profitable, and part of my rationale would be that a power plant may have had public funds in the past, and there continues to be various kinds of ways that the public has concerns over its own energy costs and have beliefs that the public has an interest in benefiting from energy production - especially if there have been various ways that the hydro power plant might have been involved in providing electricity to the public in the past and might have received various kinds of public funding at various points in its life, too.  Another thing when any kind of industry has potential with interfering with the water supply (or flow) and there might be questions about whether the public has an interest in those kinds of activities, even if they might be completely on private land.

I guess that part of what I am trying to say is that there could be some potential for public (and/or governmental) backlash if such a hydropower plant were to be 100% dedicated to mining bitcoin rather than figuring out ways to proclaim that the public interest is also being served by providing electricity, too... and what that divide would be might be discretionary within the plant rather than having such production imposed by governmental entities.. even something like 50/50 could be a starting point or even a target point, but it might not necessarily be the best way to allocate such operations, and maybe even the owners and/or experienced people (experts) in the various industries of bitcoin mining and/or energy production would know until they put the operation into practice for several years to find some zone of operation allocations that they believe work for their particular plant based on a variety of considerations, geography, infrastructure already in place, upkeep of the infrastructure, bitcoin price and difficulty level fluctuations, changes in the regulatory environment, etc etc).

Oh?  I was confused about being able to see my IP addresses from the last 30 days from the link that you provided, and initially I was thinking that when you posted that link, you were able to see the contents of the page that I saw when I clicked on the link (which was my IP addresses of the last 30 days)..   Then I realize that it was merely a link for each person to see their own IP addresses for the last 30 days and you could not see my IP addresses..  

Thanks for that.  I did not realize that I could see that information about myself.

I will have to ponder on this whole topic a bit more.  I would only be starting by adding one at a time, and then if at some point there might be more than one person helping me out, then at that point I might want to consider whether it would be feasible for them to share the same account that had been established for that, or if a new account might be in order.  I think that some of it will become more clear once I write out my OP in regards to why I created such an account and the thread that I intend to create that would end up being the work of such account (and hopefully would grow and evolve with the passage of time).. I don't know how much of a teaser I should give, but it has to do with figuring out how to fund projects and then to subdivide various accounts that would be used to fund such projects.

By the way, how do you find the IP addresses?  I would have thought that ONLY admins would have been able to see that kind of information... any member can find that kind of information?

I thought that we already had a "drastic dump" when we both went below $28.5k around June 11, and then we went below $22,300 which was the then 200-week moving average, and then we even went 25% below the then 200-week moving average down to $17,593 on June 17, and we mostly stayed below the 200-week moving average for a month and barely recovering from that in recent times because se are still just only so far bouncing less than 10% above the 200-week moving average, which is now at about $23k.

Yeah, sure we might get another "drastic dump,"  but Jesus fucking Christ, why be looking a gift horse in the mouth in order to fantasize about more "drastic dumps" when you have already been given some pretty damned good ones.


hahahaha.. that's another way of saying a very similar thing.  Why get greedy when we already have a good thing.... but the no coiners say, "I see your 'good thing' and I want to make it MOAR better."  We have seen it plenty of times, the perfect could end up becoming the enemy of the good.

For sure there are problems when employing various levels of gambling and the more leverage you add, the more risky it is.

One thing that recked a whole fuckload of people in this last dump had to do with their using services to try to get "yield" on their bitcoin, so when you try to be greedy with something like bitcoin, you can really end up getting bit badly, and since bitcoin is already designed to pump forever, and bitcoin is one of the greatest asymmetric best that has been available to a wide number of normies, then why mess up a good thing by being greedy... when just plain vanilla bitcoin is already such a great bet in and of itself.

I understand that part of the point that you are making, Wind_FURY has to do with newbies starting out with so little capital that they almost would be justified in employing gambling techniques in order at least get up to a larger sized built up portfolio, and I just consider that your odds of getting to a larger sized portfolio are better built with strong principles from the start rather than employing gambling techniques in the start, and in that regard, it is my viewpoint that you are in a much better position to gamble some of you investment portfolio (perhaps no more than 10%), as long as you have already built it up with reasonable and prudent practices, rather than fucking around with gambling with it.. and I just know so many folks with gambling mindsets and they can never get out of their gambling mindset, and for that reason, I still think that it is better to attempt more sound strategies and then later maybe gamble a bit with some of the holdings, but one thing that happens when guys build their portfolio based on prudence, they have decently good chances to not even want to be screwing around very much with gambling techniques.