What about doggie coin* and perhaps some of your other shitcoins*?

**Not meaning to troll you too hard (unfairly) or to inspire you to talk about shitcoins.. but maybe you could have added an asterisks ** and state "a few shitcoins too".. hahahahha.. Either you have completely exited from shitcoins or you failed/refused to be accurate in your description regarding how you are playing your bitcoin dollar balance that also likely involves some shitcoins.. even if they may well have some minimal role, they should at tleast be part of the quasi-relevant package.. even though many of us, including yours truly are going to get "on your case" if you try to go into details in terms of pumping your transitory? shitcoin ideas.. .


This was going to be one of my inquiries and even potential criticisms of some of the implications of your previously stated strategy, and part of my concern about those yield type products is that there can be a decent amount of risk of locking up your capital more than it should be.

I am not necessarily 100% against the dollar based product as long as you were to have sufficient investment in BTC and you are ready willing and able to lock up that much value into those kinds of products that you know are nominally appealing but not necessarily going to pay off in real terms.. But if you are able to cycle the product and therefore invst over the lock up period, such as over $1k per month, and then by the end of 10 months, then you might have reached your yearly maximum, but then also the earliest ones are no longer completely locked up so you have flexibility to continue to buy them on a monthly basis or whatever, so they are also available to you to cash out on a regular basis too. 

So if you already maxed your yearly allowance by buying over 5 months, you cannot even buy until next year, right?
 

Your thinking really sounds distracted..talking about staking bullshit... when most of it is ponzi bullshit to lure you into keeping value into various shitty products.. when is the rug pull coming?
 

I doubt that yield products are going to save you Philip.  Have you heard about bitcoin?  How is your bitcoin investment going?  Oh yeah, you forgot to invest into bitcoin because you ONLY consider bitcoin as way to earn short term cash, and you believe that buying mining machines is the same as if you were actually buying bitcoin.. like a kind of bitcoin proxy..

Oh my... May god save you... (if there is such a thing.. or might we say, "May the spirit of satoshi save you"?) 

I know that I might have not represented your position completely accurately.. but I ONLY can remember so much information about your seemingly silly priorities that seem to de-emphasize the holding and accumulating of actual bitcoin during times like this, even though you were pretty excited to acquire bitcoin when BTC prices were supra $40k.  Go figure.


Of course, many of us question whether the various shut downs were "on purpose" rather than being pure incompetence, and of course, there is a mixture of dynamics going on, and certain kinds of leaders are able to get traction. with agenda's that have malicious intentions, and I would not even contend that all of the malicious people are "in control" because they likely lose control on regular bases in terms of their attempts for "soft landings" and attempts to keep damages in the back yards of "other people."

Surely many of us believe that bitcoin is part of the solution towards protecting ourselves - while at the same time many of us get frustrated as fuck that we become more limited in ways that we can enjoy our bitcoin when there are a lot of seemingly reckless (and/or incompetent and/or malicious) leaders who are not ONLY on one side of the political spectrum.. even though sometimes we also might get caught into believing that one side is more right than the other side, which also is likely to be true.. but I cannot see the solution to be abolishing government.. even though sometimes people (including some of the smart bitcoiners) like to frame solutions in that kind of way, which also seems to be lacking in practicalities... bitcoin does not necessarily solve all things, even though we are likely to have more personal options when we are somewhat hedged in bitcoin (and perhaps even aggressively hedged in it. .to the extent that we don't overdo it and become a victim of our own lack of balance in terms of trying to stay alive (don't get reckt emotionally nor financially) during these difficult transitory times).

It's not funny - because markets move against long-term investors all the time, and many times, they do not get out of the investment merely because their overall investment is in the negative.  Many times, so long as the investment is solid, then sooner or later their investment will end up going back in the green (black), even if they do not do anything, but an even smarter move (so long as the investment is truly a good one), is to continue to add to the seemingly losing position while it is in the negative.

Of course, there are not any guarantees that in the long run the investment will end up coming back out of the negative - but many time investments with decently strong fundamentals (such as bitcoin) will end up coming out of their negative period, and continuing to invest in them (either by merely HODLing or buying more) will end up being a very wise decision that might not seem wise and/or prudent during the period that the investment is in the negative. 

Again, your supposed "joke" is not funny because you are striving to make Bukele, El Salvador and/or any other investor appear as if they are dumb when they are down in their investment - as if they should have known in advance what you happen to have found out in retrospect when the BTC price ended up going down. 

Your supposed "joke" is also not funny because it may well end up either not being taken as a joke and to suggest that folks should be able to know the price in advance and some people may well end up getting scared from investing into bitcoin for fear of ending up in a similar position as being the proclaimed "fool" - when more likely the better course of action would likely be for people who have cash to be taking prudent attempts to be investing in bitcoin during times like this.. and prudence might even mean that they should either be attempting to be aggressive in their bitcoin investment and even lump sum investing into bitcoin, rather than either a less aggressive DCA strategy or even a wait and see strategy - which might be something that supposed "jokes" like yours mislead people into such wrong financial and mental frameworks.


Well more specifically, bitcoin has nearly gotten through 13 years, and on January 3, 2023 it will be beginning its 14 years of existence and pumping out blocks every 10 minutes.  Tick tock, next block.  Bitcoin is amazing in the sense that it continues to run, and surely in its earliest of years, not very many people were paying attention to it because it hardly had any monetary value but also the circles of people who were hearing about it were likely either very technical or they were in cypherpunk circles - so in some sense bitcoin was not getting too much publicity - except through various word of mouth - and surely even though the internet can spread information - the ideas of bitcoin were not really reaching or sinking in for regular people.

It seems quite likely that even currently people are not really understanding bitcoin very well because there is a lot of confusion about money, assets and value, so bitcoin seems like a kind of fantasy money that makes little sense to many people in terms of taking it seriously and the fact that there are so many pump and dump "crypto" scams that likely cause reasonable areas of confusion for regular people to really start to understand what bitcoin is and what it is providing, attempting to provide and likely to provide into the future.

We should not be too distracted by bitcoin's unit price either, even though it does show stupendous financial appreciation in the past nearly 14 years, and maybe we can suggest that bitcoin did not really start to develop too much financial value until about 2013 or so.  Accordingly, maybe bitcoin's financial growth might ONLY be measured from a time in which it started to take off in value.. but then again, if we actually look at bitcoin's value in terms of its price and it's market cap, currently, bitcoin's market cap is around $360 Billion, which continues to be a pretty small market cap, relatively speaking - even though it had gotten up to around $1.2 trillion in market cap in it's latest 2021 top (when BTC prices were in the upper $60ks).

So yeah, right now, if we look at bitcoin and we compare it to gold, we can see that bitcoin's market cap is about 1/20th the size of gold, but it is quite likely that if bitcoin continues to do what it is doing with success, then bitcoin has about 1,000x the value of gold, yet it could take 30 to 200 years for bitcoin to reach such fair value in the market - which would require continued adoption and even ongoing development to continue to make software tools that people know how to use and are able to use and are available to people if bitcoin's adoption were to continue to increase more than 5,000x from it's current price in order to reach something closer to what it's actual value is likely to be based on various current addressable market considerations in the various ways that bitcoin is much more efficient to store the value of currencies and other assets in which value is currently being stored... so surely we still seem to be in very early days, and there are some folks who seem to be able to see the vision and to see through some of the ongoing price battles in recent times (if we might want to consider that the current price might be a bit depressed from where it should be in terms of where bitcoin is going... Don't get me wrong, merely because I am suggesting that BTC prices are currently suppressed, I would not consider that bitcoin prices could not continue to be suppressed for way longer into the future than any of us might speculate to be reasonable - given bitcoins seemingly ongoing strong fundamentals and strong use cases that substantiate its continued ongoing strong investment thesis).


I agree both with the idea that continued investment in bitcoin remains a good idea, and surely they have not gotten rid of the dollar, but instead bitcoin gives them options above and beyond merely being locked into ONLY the dollar which likely would have continued to have been oppressive on them, as it has historically done to a lot of countries who have been trying to advance their own world status.. and to become more developed.  Adopting Bitcoin seems to give more options, even if it also seems to cause El Salvador to be targeted for ridiculing and seemingly bullying attempts by the dollar-based dominant systems.

What's Crypto?


Well duh?


Wow!  No wonder you are currently buying dollars Philip.

You don't believe.

You don't believe.

You likely had a similar problem in 2012 when you registered on the forum and began mining bitcoin in order that you could amass those valuable dollars, and where did that get you?   

Nearly a no coiner after 10 years of dickering around with bitcoin (something in which you don't really believe).

Bitcoin is designed in such a way that it need not give any shits about what "China thinks" about it.

People are likely to going to be continuing to use bitcoin in China.

Remember 2016-ish?  The Chinese govt had largely frozen all of the Chinese jurisdiction bitcoin exchanges, and likely screwed a lot of its regular people from being able to participate in the 2016/2017 bitcoin bull run.  

Sure some of the chinese people within the jurisdiction might have been able to get back into bitcoin, and some may have realized that their government is working against them by trying to keep them out of bitcoin, but I think that we have seen quite a bit of evidence that merely one jurisdiction (government) being against bitcoin is likely NOT going to stop bitcoin, even though government restrictions do likely have material influential affects on people owh might have otherwise been inclined to get more involved in bitcoin absent the government intervention to make bitcoin unlawful or more difficult to "get into."


We (royal that is) don't care about efforts.

We (royal that is) ONLY care about results.


Waiting........

Edit:  Whoaza.... !!!!  Yours truly (ie this here cat, aka me) did not need to wait too long.. I recieved some results after about one hour, or just scrolling down one post, past dee chart buddy to see that the results had already been posted....https://bitcointalk.org/index.php?topic=178336.msg61150310#msg61150310  


Sorry that I had some doubts about your abilities to show proof of work..  

Quoted for viewability - and I made the pics a little smaller than the defaulted upload size.

Maybe I should have turned them upside-down too, in order that we don't have to stand on our heads to read the symbol?

It is funny that even regular peeps who might seem to be relatively smart don't even realize why they should have been trying to lock in their housing interests rates in the last year... I mean if they really feel that they would have been able to get a decently priced house or that they realize some of the difficulties buying in the last year due to price, also..

Within the past year, I had a mid-20s friend tell me that he was pre-approved for something like 3-4% fixed interest rate loan, and I told him that was a great rate to lock in, if he was going to be buying anyhow, but he seemed bent upon some kind of a belief that interest rates would be coming down in the future - and he seemed to be suggesting that an ARM would be better.. and I attempted to make my point a few times to favor the Fixed rate.. especially if he would be able to get 3-4%.. and he continued to act like a fixed rate would not be a good thing.

There's ONLY so much any of us can do.

I was having another conversation with another friend in his late 50s, and he was telling me that he had subscribed to various services (3 of them, I believe) to help him to trade various aspects of index funds, and to give him various tips about trends and Elliot waves.. and he had been studying these trading ideas for about a year, so he could get in and out of various kinds of index funds and to be able to either go long or to go short, and we spent quite a bit of time going back and forth with our ideas, and of course I was trying to prioritize longer term thinking, but he seemed to be set upon how he could beat index funds by trading them, and he was a bit upset that he had spent so many years building up a retirement fund that had a lot of trading restrictions, so he had moved some of that value into accounts that allowed him to trade (a portion of it), and he also thought that he was deceived in terms of his employers 401k not allowing some company like Blackrock to come in and to trade funds for him, even if it might cost some fees, he believes his funds would have been better with higher fees and more active management from a company like Blackrock.

My late 50s friend is not dumb, but it seems that there could be a lot of problems in which he fucks around with trading index funds and depleting his various retirement funds rather than his presumptions that he will be able to build them. including that he had heard about longer waves and 100 year cycles from Ray Dalio, too... so there are some lower targets that he is aiming for... in terms of those market wide index funds.

There is only so much we can do, including our attempts to insert Bitcoin into the investment package.. when people think that they have better ways to hedge their investments, and neither my mid 20s friend nor my late 50s friend own any bitcoin at all... and they do not really seem interested in bitcoin, except to nod along when I suggest that bitcoin should be one of their investment hedges, even if ONLY 1%.

Yes.. Depending on your region.. You may well have some challenges in terms of local products that you might have available and how much searching that you might have to do if you were to go to some kind of a speciality produce location - if you were to have one in your location.. and so in that regard, some locations do have more availability of pumpkins in their stores and with their farmer's markets this time of the year..  -

I would speculate that members would appreciate anything that might be close to a substitute (and even a painting of orange) of some level of demonstration that you had come up with some real world creativity that gets in the ballpark of the thread's theme... .. Like even some kind of a sweet potato or a squash could serve a a substitute.. and of course, it the vegetable is small, then it would have to contain more surgical kinds of carvings.. and not everyone would be capable to carry out those kinds of artistry.. even though historically, we have seen members come up with some interesting improvisations - even though it could be that those improvisations might not end up winning the contest - but who knows?  It's like a question of presentation, and I have been told that I surely don't have a very good track record in the area of something like food presentation.. but each of us have our real world limitations and our talents.. I suppose.  

One good thing is that you still have almost two weeks... ..  .. and even though ChiBitCTy said October 31, he did not give the exact deadline.. maybe we are talking about midnight UTC?  There might be a need to make the exact contest ending time clear (unless I missed that detail?).

Edited: By the way, I do believe that something like a watermelon could still serve as a pumpkin substitute (if you cannot find anything else that is closer to a pumpkin).. because the rind of a watermelon might be somewhat similar to the rind a pumpkin.. even though the rind of a watermelon might lose its composure a lot more quickly than the rind of a pumpkin.. .. but with either one, you are likely emptying the inside.. and maybe the pumpkin's rind is thicker than the rind of a watermelon but you could still carve a watermelon if you cannot find anything else.. it is at least bigger than some other vegetables (or is Watermelon a fruit?)

For sure, I am not really any kind of a fruit/vegetable expert beyond having had eaten both a watermelon and a pumpkin and even cut into the rinds of each of them in the past.

Edited 2: The more I think about it.  You are probably right Sandra.  The carving of a watermelon would be more difficult and challenging than a pumpkin because the rind is quite a  bit thinner than the rind of a pumpkin.. including the meat of the pumpkin does seem to help to hold it up after the insides of the pumpkin have been hollowed out.. so a watermelon might not be able to either support itself after the inside is emptied, and even if you could get through the whole process of carving a watermelon (like a pumpkin - and making it appear orange) you would be challenged the whole time of the rind of the watermelon collapsing or breaking while you are carving it.. ..so if you were to go down such a path, take your picture quickly before such art project falls apart or put some kinds of support beams within the watermelon to keep it from collapsing upon itself... ..

but I still think carving a watermelon would be easier than carving an ice sculpture, but maybe it depends upon what kinds of real world artistic and craftsmanship skills that you might happen to have?

I am going to pray that within the next less than two weeks^tm (I.e. soon^tm) you get ur selfie within possession of a knife, and use said knife to cut some holes into that pumpkin-like appearing object - at least one of such holes creating direct or indirect communications of some kind of a bitcoin-related theme, and then afterwards you take a picture of your results and upload such results on this thread within the next almost two weeks (before October 31.. the pumpkin carving deadline - which also happens to be the 14th anniversary of Satoshi's white paper - if anyone would like that as a possible tie-in pumpkin carving theme). .That's my prayer for you at this moment..

...and part of the reason that I am so seemingly demanding within my stated prayer is that you already have demonstrated that you have acquired a pumpkin-like piece of vegetable within your possession (which is way more than a majority of the making of progress towards halloween-bitcoin funzies - and furthermore, you have also demonstrated that you know how to upload pictures to this thread.. with BTC drawings contained therein.. so you seem to know the theme of this thread.

The ONLY thing that you may well be missing is some kind of a pumpking puncturing tool, which can be so simple as a knife (which is a pretty common instrument in all parts of the world) or some other instrument (even a sharp rock might do) that might allow you to poke some holes in that pre-carved bitcoin inspired pumpkin-looking object.    

Let us (royal?) pray for further progress (I.e. proof of work.. proof of manual labor - whether carried out by you or by one of your agents) from you within the theme of this thread within the next almost two weeks..  

Edited some of the above post with clarifications and additional specificity.

I don't really disagree with you Lucius - except that there still is a kind of snowballing effect that continues to take place in regards to the ongoing increasing knowledge that is building in broader segments of the population.. so even if bitcoin might ONLY currently be less than 5% of the world's population having any kind of investment into it at all, and even within the 5%, there is likely a Pareto distribution, like you mention in which only 20% of that 5% are carrying most of the weight of the bitcoin bags... which is largely showing how early we continue to be...

In other words, even those who hold BTC are likely underinvested - while at the same time, ongoing gravitation into bitcoin and the building of network effects, including ongoing recognition that bitcoin is the most valuable of assets - that continue to contribute to Gresham law type behaviors that build upon each other, even if it remains so difficult to measure how the masses are contributing to such growth, bottom support and even pushing the BTC price up - even while there are efforts to keep the BTC price down (suppressed), which surely seem that such BTC price suppression efforts are playing out pretty successfully currently with the BTC price staying so far below the 200-week moving average for more than 4 months.. .. which is not even speaking to the fact that in the short-term the BTC price can continue to be suppressed.. which seem ton continue to cause upside explosion potentialities - and not even sure how much exposure some of the naked shorters are going to end up having if the whole thing ends up blowing up on them with bitcoin prices going up and their running out of abilities to keep it down.. .. which continues to seem possible.. even if we also have macro narratives that continue to hold too.. including that bitcoin does also remain an asset that is very liquid and easy to sell.. but then relatively easy to buy, too.. cannot really completely shut it down like what happens in other markets..


Don't do it!!!!

You are not describing anything new.  Historically we have had periods of low participation, and also members complaining that the thread is dying - including that bitcoin is dying.. blah blah blah.... Other coins are more interesting... cheer, cheer, cheer...      Sure it can be more difficult to see those historical periods while not experiencing them live.


I am referring to ChartBuddy's sugar daddy (or is it baby daddy?), author (another word for pimp?), brain (the bot's bot), handler (principal).... Richy_T


Well?   You might be able to attempt to discuss such matter with Richy_T directly... or even browse through some of his various discussions (post history) of his programing/writing CB script...   Just don't make him mad because he can be a temperamental one, from time to time....  hahahahahaha (not that I have hardly any clue or that I am telling the truth... hahahahaha)..  

On the face of it, I would not speculate that programing something like CB would be very difficult; however, between about mid 2017 and early to mid 2021, when Richy_T took CB away (took his marbles) away from the thread (forum), there was quite a bit of discussion in which several of us, including yours truly proclaimed their "love" and "missing" of CB, and even proposed that someone might program a CB version 2 in order to replace our then missing CB.. .. and to my knowledge, no member stepped into such programing of a regular posting Bot in this thread space footsteps - and even attempted any such efforts to program such bot.. but when Richie T returned to the forum more acceptingly to some extent in around early 2021 and renewed participation in this thread (although he has not been very active recently), after several of us had to "somewhat beg" him, he was able to make some tweaks to CB.. to reactivate it, and CB seems to be even more reliable than it had been in its earlier days.. as far as I recall.. . although Richy did end up reducing CB down to Bitstamp ONLY rather than some of his earlier variations had three exchanges and maybe some other bells and whistles that might have been contributing to some of the less reliability....  

Ok.. you got me cornered.



I must admit it.


Yes.. they are speaking out of both sides of their mouths..... and there is a bit of a battle to actually give benefits locally, and then punishing the rest of the world because 1) the rest of the world is already used to the dollar as the reserve currency and 2) the dollar milk-shake theory is well into play, and other currencies are going to be continuing to invest into the dollar more, relatively speaking, than they are into various foreign currencies, because the dollar is the least weak of the shitty currencies.

Even though all of these factors are at play, it is not obious that bitcoin is goin gto play along in an exact correlated way..

So even if bitcoin is correlated in the short term, there are likely going to continue to be periods in which bitcoin continues to break apart from various other asset classes by either NOT going down as much as the other asset classes or by having short periods of over performance.

And surely , bitcoin has one of the advantages of being a new and emergent asset class in its earliest of adoption phases, but it also has advantages in terms of being a superior asset class as compared with any other asset class currently in existence.

I am not denying the power of owning actual property, so long as your property rights are appreciated, but property has some disadvantages in terms of both not being very liquid and also having had been pumped for so many years by the dollar pumping... so in that sense various property assets have been way more effected by the ongoing existence of free debt than bitcoin, including that bitcoin has an advantage of being personally possessed and even obscured in regards to its location or even knowing the amount that any of us might own.

You and I are not working with different facts, Philip, but it continues to appear to me that you are overly willing to accept that the dollar is goingt to be able to suistain itself relative to bitcoin, and I continue to have a decent amount of skepticism regarding what appears to be your ongoing underinvestment in bitcoin, even though you seem to continue to make the same mistake of believing the fact that you mine bitcoin is an adequate amount of exposure that justifies you holding less bitcoin than what I believe that you should be holding.. even though your holding level continues to be in your complete discretion and you have admitted to having had underinvested into bitcoin in the past, but you are still defaulting to the same behaviors(mistakes) of your earlier years, and you are likely going to continue to get bitten in the ass by your ongoing tendencies to be scared of bitcoin when the price is down...and your ongoing tendencies to get caught up with the trend and then employing tactics that cause you to do the opposite of what  you should be doing... so when the BTC price goes down you should be buying and holding.. but instead you are buying too little and even engaging in some selling.. .. so sucks to be you.. and I don't want to even get into analyzing all of the ways that you are doing the opposite of what you should be doing.. because I do not know too many details beyond some of the general pieces of information that you have provided.

and.. sure of course in the end it is up to you.. even when you have a tendency to overly present your likely wrong thesis (and wrong risk mitigation) in these here parts.


Channeling of proudhon is not a good sign.

The more you explain, the worse it gets.

 

Ok Boomer... Largely, Mr. Phil Ma... . You are admitting that you suck ass when it comes to making bitcoin-related predictions and even other kinds of predictions, and you have evidence to show how much you suck at these kinds of prediction-making activities - nonetheless, you continue to feel compelled into getting into specifics based on the seat of your pants formulas describing that momentum will continue in the same direction that it has been going and that you had erroneously employed in the past ..... because you are having funs.

 

In that regard, it's all fun and games, until someone's eye gets poked out.

ChartBuddy uses the Richy_T tool.

Of course, one comparison is current as compared with pre-pandemic tourist levels, but isn't another comparison of similar situated countries to see if the curves look different in El Salvador as compared with other similarly situated countries?  Your not mentioning that cross country comparison angle, seem to be implying that the cross country comparison has similar kinds of curves as the El Salvador numbers, so in that regard, you seem to be suggesting that El Salvador does not stand out relative to similarly situated countries.


Exactamente!!!

Although, we know that shitcoiners will go down there to try to pump their shit on the coattails of bitcoin.

We also know that bitcoin naysayers will confuse and muddy their assessment of what's going on by talking about "crypto" and who the fuck knows what they mean - especially when they sometimes won't even use the word "bitcoin," so frequently any of us might wonder if we are talking about the same topic or not.


I am not sure about the relevance of your data here KennyR because it seems to largely say the same as DdmrDdmr's data, except that DdmrDdmr's data goes two years further (up to present)... which largely is showing that overall tourism numbers in El Salvador had been on an upward trajectory and then the 2-3 years of the pandemic effect brought them way back down, and so now the overall tourist numbers are at the same place they were around the time that they started to dip.

There might be some truth that overall BTC tourism cannot be measured, even though we are hearing about all the bitcoiners who are supposedly traveling to El Salvador and who would not have otherwise have gone to El Salvador if it had not been for El Salvador's pro-bitcoin laws. 

We know that bitcoiners are going there and we know that they are attending bitcoin conferences and events in El Salvador, too.. but we might not be able to know for sure about how much of a blip (or measurement) there is on the data in terms of how many more tourists are ending up in El Salvador that can be attributed to the Bitcoin law and even the fact that there could be some contagion too.. so that the more people who go, then the more it could become a destination that people go to or consider going to when they would not have previously considered it or even would not have gone there.

A lot of people make that mistake - even very smart people.  There is a kind of temptation and a lure, and there are also misinformation talking points that play upon the inclinations that people have to invest into inferior products (as compared with bitcoin).  Bitcoiners could beat you with all the logic and reason in the world, and it is quite likely that you will still be lured in that shitcoin direction.  I am not really sure what is the solution, even though we have to recognize that people have to come to the logic of bitcoin at their own pace - and sometimes there could be some information that might get them to avoid or minimize such shitcoining, so I would not suggest that it is totally futile to try to present information to newbies to help them to have some shitcoin skepticisms.


Yes.. That's too bad.   Sometimes people will invest a bit of a side in bitcoin, but there can be a kind of building up of increased and increased gravitation of value into the things that are not really retaining value.  Sometimes people do not even get involved in shitcoins, but they gravitate towards more and more trading and then pretty soon they have traded away any stash in bitcoin that they had built.


Not making progress can cause giving up.  Sometimes we see members who sold their bitcoin too early (and sometimes they even make a profit), and then they had sold on the premise that they would buy back lower.. but then the BTC price does not go "low enough" below their sell point, and they never end up getting back into bitcoin because they psychologically prevent themselves from getting back in by getting too caught up on the idea that they have to buy lower than a certain price that they have placed in their head.


Ok.  Well maybe this time around you can get into a more solid plan that will help you into being more reasonable with your approach in terms of focusing on accumulating bitcoin or some kind of a strategy that helps to make you feel that you are making progress.  

Frequently, there is a need to be careful not to place unrealistic time frames on yourself because the reality of the matter is that many successful ways of building wealth take a decent amount of time to play out and to reach success.  So for example you are likely going to continue to have ups and downs in the value of your investment portfolio, even if you are building and investing in the right things, but after many years, (and even cycles), the principle is likely to start to compound upon itself, but if you never are able to build up your principle, then you are always spinning your wheels because you end up getting in and out of your investment and even screwing around in ways that are not sufficiently focused on ongoing accumulation that may well take 4-10 years or longer to really start to show compounding of value effects.


Yes.. That sounds good.  You might be able to see how your BTC is stacking up and to figure out if you might need to adjust your tentative plan, but it is good to attampt to try to figure out a tentative plan and you can even go through scenarios in which you might be able to see how your investment amount might change over time and then to be able to attempt to project out where you might be at in your investment value at various points to figure out if it might be beneficial to shave off small portions of BTC at certain price points.

Usually, you can project out a value increasing trajectory and you can also project out how you anticipate that it might change within a time frame, but you are not very likely to be able to match any kind of value increasing trajectory with a timeline that could happen quickly or it could take way more time than you expected for it to play out.. so you might have a tentative idea that your BTC might go up in value 10% per year.. and then project it out.. but if you have that in an Excel spreadsheet, you can have your 10% be a reference cell or once you have one scenario projected out, you could cut and paste and then change one or two variables in order to see how changing 10% to 5% or changing it to 20% ends up changing the outcomes so you may well end up looking at a variety of scenarios that show better cases scenarios and worse case scenarios in order to attempt to project in a way that you are seeing how you could create a plan that attempts to account for the various kinds of scenarios playing out and at the same time realizing that as a scenario plays out, you get more locked into that scenario so your future projections that you make at the later date end up being based on what actually happened rather than what you expected might happen.


I have more than 30 years of practicing investing and building up my investment portfolio, and in late 2013 when I got into bitcoin, even though I had already built up a decent investment portfolio, I had made a lot of mistakes in my investment portfolio in earlier years because one thing that tends to happen is that your investment portfolio might start to have values that are several times your annual income, so you get tempted to dip into it for investment into other things or maybe even for the purpose of consumption (buying something nice for yourself).

Let's say that you make $30k per year, and so you are aggressively investing with nearly 20% of your salary (would be $6k per year), and after 5 years, you have invested as much as your annual salary, and if your investment had not really gone up in value very much (including accounting for changes in the value of your own cost of living), maybe you would not be very tempted to dip into your investment if it largely has not appreciated very much in value.  

Yet, we can see from the earlier example that I had given you in regards to DCA investing into bitcoin, you can see that if you had invested around $30k into bitcoin over the past 5 years, then currently you would have accumulated around 2.83 BTC ($55k-ish at today's prices)... so perhaps if you end up having 2x value you would be more tempted to figure out if there might be some better places to use that value whether you would be wanting to invest into other things or wanting to use some or all of that value to consume with it.

People will frequently get tempted to dip into their investments before the investment has had sufficient opportunties to compound upon itself, especially when the amounts are available to them to be able to cash out some or all of it, and another thing might be that when you started to invest, you were not really too worried about the security of your investment, but as your investment increases in value, you have to take more serious measures to protect it or to make sure that it is NOT overly vulnerable.


Being aggressive in your accumulation can end up paying off... and I had used the example before of someone who had been investing $10 per week into bitcoin for the past 9 years, would still have a decent stash of BTC right now, but the one who was more aggressive and invested $100 per week would be 10x better off... So it can be good to be aggressive as long as you are not gambling or dipping into your living expenses.. because you have to make sure that you are not forced to sell any BTC at a time that is other than your own choosing.. so if an emergency comes up, hopefully you have ways to take care of the emergency without having to dip into your BTC.

Lookie uie pooie!!

Mr. Dictionario always in the pocket.  






What a nerd! even though technically correct.


Wwwwwwrrrrrrrrrrrrroooooooooooooooonnnnnnnggggggg day..

Thus... Not gonna do it  (even if you had said please)  



Hm?  Good catch..  

I am pretty sure there is a close to zero tolerance for plagiarism...

So likely Crazy_Bitcoin's days are numbered.  

I reported that particular post and linked your post as evidence in case you hadn't reported to moderator, and some members will post evidence of plagiarism in the plagiarism thread:  Re: Report plagiarism (copy/paste) here. Mods: please give temp or permban as needed

I doubt that you have adequately worked out your own hypothetical Crazy_Bitcoin... and Natalie Brunell doesn't look like no "guy" to me.. but hey what do I know?

If you have $20 million value and you have the choice to have it in dollars or bitcoin, you do not have to put all of it in one, and you have other choices where you can put that $20 million, too... so I doubt that you would ONLY choose between dollars and bitcoin; however, if dollars and bitcoin were your only choice, in the short term, you might be o.k. with 50/50 or something that has a high dollar amount relatively speaking.. I have a hard time considering wanting more than 30% in dollars, if I was given the choice right from here.

With the passage of time, the dollar is guaranteed to lose value.. anywhere between 2% and 40% per year, and currently it seems to be losing at least into the lower double digits.  With bitcoin we cannot really be sure, but seems to have pretty decent chances of gaining against the dollar in the coming 4-10 years.. maybe even in the next couple of years, but surely no guarantees.  

Do you have a more specific timeline that you would be considering Crazy_Bitcoin.  

Some of us have talked about $2million-ish being entry-level fuck you status in the west.. so having 10x fuck you status.. seems to give a lot of options, even if someone wer just wanting to sitback and to live off of that amount for the next 30 to 80 years, it would not even seem hard to manage, but if your ONLY two investment choices were the dollar and bitcoin, it would be problem to have anything more than 30% of that in dollars, currently or even considering a longer investment timline.

That amount is too easy to work with, and there would be more of a challenge if the amount was right at fuck you status.. such as $2 million or if the amount was 1/2 of fuck you status $1 million or a 1/4 of fuck you status $500k.. Those would be more challenging questions if that was all the money that you had and your only two investment choices were between dollar and bitcoin, then how would you apportion your investment, I would be more inclined to be in around 85%/15% weighted towards bitcoin, but I could see why some folks might prefer to have something in the neighborhood of up to 30% in the dollar currently, but I would have trouble considering any short term allocations of more than 30% in the dollar, if dollar and bitcoin were my only two choices.


I know that some people do NOT like the term "tolerance".. but there is likely some value in getting along with others.

#just thinking out loud.. and not even trying to be any kind of commie love dovey tree hugger.


Ah.. ha.. !!!!!!

Evidence.


The censorship police are out.

Trying to censor merit whores.    

What a world!!!!   What a world!!!

How about members here do not reach free-speech status in the WO thread until they have at least 100 earned merits under their belts.. and then once they reach 100 merits they can say anything that they like - except they cannot say the name of a shitcoin without placing a denigrating adjective next to it...  

Accordingly, from here on out:  If you have less than 100 merits, you have to address those with more than 100 merits as "sir" "senior guru" or "WO teacher",

and you are not allowed to chatter amongst other probationary members who have less than 100 merits because you have to learn from your elders (those with more than 100 merits)...

It is o.k. to be dumb in this thread as long as you are trying to learn.. and not just copying and pasting posts from twitter, but you have to have your own ideas contained within your post...

If you have less than 100 merits, you must have at least 10 of your own words to describe your post. even if you are posting content from another "source" such as twitter, otherwise your less than 10 word post will get deleted and you will be banned from the WO until you properly repent..... which "we" will have to figure out what is going to constitute a "proper repentance."    

Anything else?

All newbies who have less than 100 earned merits have to show proof that they own at least 0.0001BTC to participate in this thread. Otherwise, nope.. .. you gotta GTFO of here because from here on out , newbies gotta show that they have some stake in the game, even if they might be against BTC... They gotta show that they at least have bought some (at least 0.0001), so at least they know how dee cornz work... (even if bought on an exchange).

once you reach 100 merits, the restrictions will be lifted..   

Are you basing your insightful conclusions on the title of the thread?

Or maybe you come to such insights from the last few posts of the thread?

Have you even read this thread or other information about the Grascan BTC fund?

How are you coming to such profound questions in regards to this supposed mystery fund that has been in existence for about 8 years, but no one seems to know how it works?

There must be some conspiracies keeping information away from regular people like us out there, right?

No, we (royal that is) are just that base.. It's ONLY about stacking dee cornz.


3.5 weeks ago....




OLD.ancient. news.