You pervert.

Of course, there is a bit of weirdness in Munger's perspective.. at least in regards to asserting that he wished that crypto currencies had never been invented... and it's comes off as a complaining about something that already exists and whining about it.... and surely does show a kind of hostility when coupled with his desire that governments should focus on attempting to control "crypto" in a variety of ways.

I doubt that we can really argue that he is wrong in his desires that governments attempt to take strong stances towards "crypto,"  and largely he seems to be just vocalizing a perspective that he has and a battle direction that he believes would be fruitful - and of course, many of us already involved in bitcoin (or even crypto for that matter) are going to view Munger as a wee bit out of touch.. and maybe even a bit of a too little too late - and I suppose another angle remains the convolution of ideas about what is going on in "crypto" and what is going on in bitcoin, and surely from my own perspective, I get a bit perturbed when I see commentary that convolutes the ideas of bitcoin and crypto so it largely causes me to conclude that some of these purported financial experts do not know what the fuck they are talking about since they sometimes are not really ready, willing or able to distinguish bitcoin from crypto. and to make sure that their commentary (to the extent potentially valid) is adequately informed in order to better direct their concerns in ways that show that they at least understand differences between the concepts of bitcoin and crypto... another acknowledgement that many of us likely recognize is that likely some of the financial expert commentaries on crypto retains some advantages in both confusing the ideas and even purposefully convoluting (even if they may likely know better).

Oh gawd... I read through about 6 or 7 of the threads that you created and various responses therein...

At best you are a shitposter.

You may well be a plagiarizer as suggested by lovesmayfamilis in the various posts that he made including this one:


As I read through several of your nonsense and confusing posts dvndr007 that almost always had to be corrected or clarified by several members and also the many corrections that were made to you - including that you seemed to just ignore a variety of suggestions (including that you should read/study more about whatever topic you had been posting before writing and supposedly striving to educate/help people).  

At a certain point, I did not have enough patience (or will power) to continue to read your various nonsense gobbledy-gook it was hurting my head too much.

Edit: I ONLY saw Loyce's above response (that was posted about an hour before mine) after I had already written and posted mine.. so I am not sure if I need to further edit my above content.. such as remove links.. though usually I prefer to retain the references to earlier post contents contained within my responsive post because sometimes otherwise members will edit their earlier posts at a later time and then I get confused if I had not retained their various pieces of seeming nonsense within my responsive post (even though it is redundant and even though it takes up additional thread space to retain such seemingly nonsense history).

This thread is about bitcoin - we are not talking about buying "other coins" aka various shitcoins with this strategy... that may well be a topic for another thread.

Regarding your point about "seeking the dip,"  I find that phraseology to be a bit problematic, even though surely it is true that some folks do seek and/or hope for the dip - especially if they are early in their BTC accumulation journey.   Once you have sufficiently and adequately accumulated bitcoin and prepared for UP, you may well not be seeking any dip or hoping for any dip because you are better off if the BTC price goes UP.. however, if such dip does happen, you can still attempt to prepare yourself to take advantage of such dip rather than doing nothing or rather than merely losing value.

For example, I started buying BTC in late 2013 towards the top of that particular cycle, so for the whole of 2014, I was not really bothered by the BTC price going down for the whole year because I continued to buy BTC along the way.  Once I reached my accumulation goal towards the end of the year (2014), then I did not really feel any benefit when the BTC price would go down, so when it went up during subsequent years, I was advantaged by the BTC price going up because I felt that I had established a sufficient and adequate stake in BTC by the end of 2014, but there were many many times along the way that BTC prices went up and down, and surely the preference was always for the price to go up, but sometimes along the way, more BTC could be bought during dips (even though they were not really wanted or hoped for).

I feel that I was a bit lucky because I already had a lump sum that I could invest into BTC, and there are certain advantages (and comfort) that come from going through a whole 4-year bitcoin price cycle... but still it could take  any normie 1-2 cycles to really feel that s/he has established a sufficient quantity of BTC stake.. to feel sufficiently and adequately prepared for UP and no longer wishing or hoping for down.

What happened to various bulls and their bull vision?

 

Feels so lonely around these here parts..

 

Yes... of course, you said it.. but you have a track record of being quite ongoingly distracted.. so there is that angle to what you might consider as "fine", no?


Not a bad idea.

But are you ready, willing and able to actually "move on"


That's the "a-hole" threshold?  Who would-a-thunk.


I must be so dumb...

I still don't get it.

I am thinking about this.. .

the riding it out way of dealing with matters.

Surely, it's a possible approach/perspective.


Hahahahahaha

Another interesting perspective.

Which way we are going is like a stab in the dark at this point.. or a throwing a dart at a board with a bad arm or a random pulling of a jelly bean from a jar with a blindfold. 

Who knows?


Who knows?

Don't you just love a mystery?








Or do mysteries like this put you in to trepidation-landia?




Not sure if I understand who the "victim" would be.

Anyone know?


Anyone?

Anyone?

Probably some folks need to zoom out a wee bit.

Sure, we might NOT have made it through noman's land in one shot (seem that we did not), but that does not make bears in control.

Do you believe that the fucktwat bears wanted BTC prices to bounce back from lower $30ks in July/August and then to get above $46k  and then thereafter get into noman's land.

Fuck no, if they had their way (and if they were in any kind of meaningful "control") we would be in $20ks right now and perhaps having had a spikening downity into the sub $20ks.. before maybe returning into the $20ks and maybe even getting back into the $30ks.. but we are not there.. and we are not even close to being there... get a fucking grip.

King daddy is still in a bull run.. and surely there are some snot-nosed 14-year olds and quite a few gambling types who do not know how to control their gambling inclinations (in terms of using leverage), so of course the bearwhales are going to take advantage of those aspects whenever they can and how much they can, but does not put those dweebs "in control" - even if Janet Jackson were to be on their side.  hahahahahaha



Yeah.. of course, we did not expect it.. that is why it went there...

In retrospect, 39% still seems like a kind of "so what" even if it is a decently sized "so what," but still in the end of the day, there is nothing really that usual about such a correction level.. or the way it happened and/or whether such correction happens to be over yet or not.


You seem to be describing the situation badly.. not only in the fact that we have gone higher.. even if you characterize each of the highers as NOT sufficiently high enough for uie-pooie.. in other words, your complaining about not high enough seems like a big so what?



there is a wee bit more nuance than $30k to $60k in the last year.... but hey, you can see our recent year's BTC price dynamics matter however you like you glass half full negative nancy, that's your choice.. and hopefully you are not dissuading anyone else (who might be naive) from sufficiently and adequately preparing their lil selfies for Uppity.



Fair enough that you are considering that the odds are pretty decent that the top is not yet in.. yet I will take issue with you dear ser (is this our current spelling?) in terms of bitcoin being anything but boring.. If you had not noticed we are in the midst of the greatest wealth transfer in history, and would you not expect some ambiguity contained therein or you expect such wealth transfer to happen in a straight up fashion?  Status quo wealthy and traditional institutions have way more wealth and power than to just allow such wealth transfer without putting up a fight.. I surely would not be characterizing such a matter as boring, but hey whatever, you do you.. even if you seem to be quite wrong in your ways of expressing your various ongoing reservations regarding what is going on in bitcoinlandia.. you supposed bull wannabe #nohomo.. hahahahahaha


Oh my.

That's too bad.

By the way.. goat breath, you may well be lucky to even see one day that ends up actually below $40k in the coming year.. .not saying that it could not happen.. but the odds seem against uie pooie.   

Of course, I hardly have any clues regarding your particulars, but for sure we should be attempting to establish goals to never run out of cash to buy on the way down and never run out of BTC to sell on the way up.

Of course, there are a lot of discretionary aspects in regards to how to set up these kinds of matters.. and many folks likely realize that I don't believe in the concept of selling until you feel that you personally are in a decent enough BTC accumulation position to justify such a practice.. and surely selling should not have any kind of goal of being able to buy at a lower price, even if in the end, some kind of lower price might well end up coming (which surely happens quite frequently in bitcoinlandia.. but still not a way to accumulate more bitcoin)...

So, for sure, it can feel quite uncomfortable to figure out how to maintain a system that allows you to never run out of cash to continue to buy the dip... which can take a decent amount of work to establish and to feel out.. and surely the longer that we are involved in BTC the more likely that we should be able to figure out some various comfort points to maintain such balances.. and I will agree that all of this sounds all fine and dandy on paper because sometimes in actual practice there are some SNAFUs that are going to cause the running out of cash to buy more dip or even the weaning down of the amount of money that is left in the budget that it causes the amounts of the projected buys to be low as hell.. very low..  of course, for me, personally, I currently have buy orders already on the books that go down to $20k.. but there was a time in the past couple of months that my buy orders had barely gone to $25k.. and I was feeling uncomfortable with that... and of course, in late 2020 and into the early part of 2021 (nearly the whole of the first quarter), I was able to keep buy orders down to $9k... but some of that did get widdled away too based on some real life shit and attempts at personally balancing all my various personal factors (including some projects that I had agreed to enter into in the early part of 2021).


hahahahaha

Good way of rephrasing the matter.

Surely there seems to be some kind of dilemmas in the various ways to earn bitcoin or even to talk about that process in these here parts.. when the truth of the matter may well devolve into the practice of supporting shitcoins (and without talking sufficiently negative about such shitcoin involvements) while at the same time failing refusing to describe shitcoin involvement (or consciousness - involved in NFTs now..  look at me, mom...  blah blah blah.. )...  for what it is.. or maybe to talk about the matter in some other thread/forum.

I have my doubts.. but who knows?

By the way, it seems that my little theory about the "power" of noman's land.. has been somewhat (if not totally?) negated.

Oh well.

It was a good working theory while it lasted.   


hahahahaha

NOT looking good for PlanB... that's what he get's gor getting wrapped up in bottom nonsense that is just way the hell out there...

and even getting to $80k (the used to be top of noman's land) by the end of the year might be a wee bit of a struggle.. though seemingly more reasonably reachable than $98k or $135k.. even though sometimes we know that momentum has its benefits too... .. though surely I am personally expecting some kind of resistance in the sub $100k price arena.. while at the same time many of us likely realize that surprises can come to the upside.. just like they come to the downside, and part of the reason that we can call them a "surprise" is because we do not necessarily put much weight into their happening until they actually happen.. .. interesting that.



You would not want to go "too BIGGedly" during these dippening times.... rrrrrrrrriiiiiiiiggggggghhhhhhtttttttt?


hahahahaha

There is a kind of irony in that... and maybe we are kind of getting used to it...

The May 2021 drop of 50%-ish still has to be the highest in terms of quantity for some of us (in a relatively short period of time), but think about the total number of dropping from $69k to $41,972.. That is not an amount for ants.. ..it's 39%.



I see... you are going to go there...


Trying to play upon potential sympathies of udder peeps during these trying DOWNity times.. .












I feew sowry for ur wee widdow without stamina mousie...........

























NOT!!!!!!!!
 

That is part of the reason why DCA is a better strategy - even if it might be a good practice to also supplement your strategy with buying on dips and also lump sum investing.

Sure, you are not going to know either how far any dip is going ot go or how long it is going to last, even though you might be able to formulate some ideas about both how long it might last and how low it might go... and those formulated ideas might end up being wrong, so there might be some benefits to having some systematic locations in which you buy on the dip even if it might not be a precise science and each of us will make those determinations (and set up those kinds of systems) in differing ways to attempt to accomplish our own particular goals and to tailorize what we are doing to our own financial and psychological situations.

yes...it makes sense, and surely each of our situations are going to be different, so we have to be careful to NOT be engaging in too much gambling with our cashflow - especially if we have the income coming in through BTC... and there may well be some need to convert regularly, but then if you (which is any of us) end up in a place where we anticipated a downturn of Z amount but it ends up being a draw down of Z x2 or x3 or some way greater amount and then it ends up being draw down that we anticipate to last 6 months and it ends up lasting 2 years, we might really screw ourselves up...so in some sense we have to attempt to be overly conservative.. and to prepare for worse cases than we even expect to happen...

I know that these things can well be way easier said than done, and even I have been caught with less cash than I needed and having to sell some BTC at times that were not completely of my own choosing.. just to cover some expenses that I had known to be coming but they ended up being more than expected, came all at once and came right when the BTC price crashed nearly 2x lower than expected.. referring to the November 2018 crash from $6k to $3k.

When I was 18 years old, I could project my cashflow 6 months in advance, and that would tend to be ok.. because my finances were not very complicated, but the more complicated my cashflow became, the more that I had to attempt to project ahead and for sure the cashflow of the shorter term periods of 1-3 months were more immediate than the further out cashflow projections that can be more loosey goosey...   In recent times, I have tended to project my cashflows 2 years in advance with the most immediate cashflow projections or 1-3 months more strict and the further out more general, and frequently I can see if I spend some extra money now, there can be significant and meaningful ramifications on my cashflow 6 months or more in advance.

I supposed that what I am suggesting is that each of us likely have to keep more value in cash than we would have wanted to in order to make sure that we are prepared for extreme situations.. and yes, that can kind of suck because many of us are going to feel that our cash might NOT be working for us.. but if we try to keep too much value in bitcoin, we could really end up screwing ourselves out of bitcoin if we end up going through BTC overshoots in terms of price and time that go way beyond our expectations and we have failed/refused to adequately prepare... so yeah, even shaving off 1-3%  extra of your BTC stash could be painful when done at an inopportune time (but shaving off 10% or 20% or more could be quite devastating due to lack of adequate preparations because maybe we got too greedy in our trying to keep our BTC/money working but we end up being way overly allocated.. and not very realistic).


I doubt that any of us who have been in bitcoin for a while are underestimating bitcoin's volatility... so your desire to project some kind of a gotcha or "I am smarter than anyone else because I knew what was going to happen" blah blah blah.. seems a bit much.. but hey.. you do you... For sure, you are not the only person who likes to do those kinds of things.


Of course, the more of a BTC stash that you have created, the more that you can have various flexibilities, and sometimes it will be pretty clear that there is a goal to keep stacking sats because the stash is not large enough and for sure, earlier in time does cause some abilities to say that it is not likely that we will be moving back to those prices... so in 2018/2019 BTC prices bounced around between $3k and $20k but spent quite a bit of time below $10k.. so there surely can be some confidence that it is NOT too likely that any of us is goin got be able to acquire BTC for those kinds of low prices anymore.. it's not 100% sure, but there still can be quite a bit of confidence.. including using the 104-week (2 years) or the 208-week (4 years) moving average to attempt to figure out the most extreme of lows that might happen and may well not be sustainable if reached and for those are $28k and $18k for the 104-week moving average and the 208-week moving average respectively.

I was not asking any questions.  I was merely making some insightful observations... and for sure, if some of us may have already made it and others of us are waiting 1, 2, 3, 4, 5, or more cycles can be a matter of how we might set our objectives or our plans about how to get there and/or how to stay there once we arrive, and maybe even our speculations regarding how far the BTC price might need to go per cycle in order for us to feel in a sufficient position within fuck you status.. whether entry-level or further along and whether we believe that we need a few million.. or maybe even that we might need less or some of us have higher living styles and feel that we need more than $100 million or $200 million in order to feel that we have made it.

Quite a bit of variance between preferences and ideas about whether those preferences are realistic - whether getting into individual particulars or not.. or the past statements of individuals too.


That's true.  We (royal that is) are talking about a war.. which involves the greatest wealth transfer in history.

It's not necessarily an easy or straight-forward story as some might believe at first glance.  So there is that angle.


Toxie moxie..

You back?

you here to save us from our lil selfies?

Gloating is not becoming of a gentleman wannabe.

Oh wait.

Regarding your retest of $35k proposition, hopefully you are not failing or refusing to buy or disinclined to sufficiently and adequately prepare for UP based on such a seeming hope that may or may not happen.

I am not sure if I need to repeat that one of the BIGGEST errors in respect to bitcoin is failure/refusal to adequately and sufficiently prepare for UP.. so you can do all you like to prepare, hope or even wait for down, and if you get too greedy then you may well be in a much worse position than to just buy on a regular basis or to buy on the dip that you have in front of you rather than waiting for more dip.

Another thing is still having some fiat available.. just in case there is more down. I am not against attempting to prepare for down.. because surely many of us feel better to be able to buy some BTC on the way down rather than running out of money.. so surely there is that angle that exists as well... a kind of balancing to sufficiently and adequately prepare for UP while at the same time maintaining some kind of a system to buy on dips on the way down while not running out of money.. not an easy thing to strike such balance and seems to not be very good thing to make fun of people who may have already run out of money to pick up some more BTC (surely there are some of those guys in existence as well).

Parity with gold is just a stepping stone you fucking wwwwweeeeeeee-ing goofball.

bitcoin is anywhere approximately in between 100x to 1,000x better than gold, so 1x is merely a stepping stone on the way UPpity..

Stop being so limited in ur wwwwwwwwweeeeeeeeee   widow    thinkenings (to the extent any actually exist therein).

 


You speculate that you got it rough.. just consider being stuck in a body that has to write such 'splainings to have to respond to some of the lame-ass ideas (if you can call them that?) of you goofballs (#nohomo).

You seem to not understand BTC too well if you believe that $10k or sub-$10k is meaningfully feasible.

But, hey, you do you.


true dat.

There should be some kind of common sensical line between accepting and suffering when the BTC price goes down.. for example when your stash value lowers from $69 million down to $53 million (or something like that).. but there should not be cheering for it to go down to $50 million .. even if it ends up happening... just as an example.. ..

could we say the same?  if the stash holder were at 10BTC (or double at the Biodom level) had gone from $690k ($1.38 million) to $530k ($1.06 million) and then not good to be cheering for $500k ($1 million), right?


 

Fake news... dayum...

you do not get any kind of accurate word/character count when you are citing the text and also the quoted text..

Get a grip.. before you get the batslap that you have been working ur lil selfie up to (with your ongoing whinening about nonsense)....


hahahahahahahaha



#nohomo

But LFC.. the main reason that billy nocoiner set such a dumbass goal is because he does not want us to get there.. just like you suggested, he is not buying at any price.

At least Raja_MBZ has a somewhat possible target which is to meet the 200/208-week moving average which is currently just above $18k, so it could get up to about $20k/$22k in a couple of months.. but still does not seem very likely at all that we are going to be getting to the 208-week moving average unless we really do fall out of this bull market, which surely is also hard to believe given the so many macro-economic circumstances - or maybe there is a hope for another liquidity event and hoping that such liquidity event were to play out in some kind of way that would be similar to the March 2020 liquidity event and just does not seem that we get to cross that stream again and maybe the best case scenario with that might be something like $30k-ish..   

Personally I believe that it is not any kind of a bad thing to prepare financially and psychologically for potentially outrageous and extreme DOWN scenarios, even if they are NOT likely to happen... and for sure, Billy no coiner is taking these extremes that are quite further than what would be very likely at all to happen.. and likely it is for effect rather than practicality.. It's like those guys talking about sub $500 BTC prices throughout 2017 or talking about sub $1k throughout 2018 and 2019.. and many of us appreciated that that ship had sailed.. but did not stop them from talking about it and trying to scare (or motivate) peeps into believing that those kinds of low-ball BTC prices were still reasonably within the cards.


Well?  For me, I consider 8% to 10% to be dips for ants, and I consider 15% to 20% to be dips for ants if we had already gone up 50% or more in a relatively short period of time.. but currently our $51,556 is about a 25% correction, so it seems to be greater than "ant level", at least from my perspective... especially when we should be (we are supposed to be) (we are getting off schedule towards) going UPpity.. which is supposed to mean higher than $69k by this time on the clock...

It was all fun and dandy, king daddy, but now it is starting to become a wee bit annoying..

King daddy is annoying.

 

Hate for bears to get rewarded too much.. but hey.. shit happens.. ..even annoying shit.. and if we could just have some rewards of some shitcoins getting destroyed worse than bitcoin HODLers.. then at least there might be some consolations in that.. not sure if true, though... 

Just HODL those 20 BTC (that you bought for $6k-ish in 2015), and when BTC gets to $10 million-ish per coin (soon^tm)**, you will be set to spend your $200k per month passive income.

**maybe 2-5 more cycles - ish


Don't hold your breath.

Even if we were in an actual bear market - or flat for a couple of years - or end of the bull market, as you suggest, you are going to be lucky to get any coins below $30k..... .. and even then, the odds are not looking too good for even that....maybe I am just fighting the fact that we could actually have fallen out of a bull market yet - especially since we already had a 56% correction and then a recovery from that.. so accordingly, look at the 208-week (4 year) moving average at $18k or the 104-week (2 year) moving average at $28k or even the 52-week (1 year) moving average at $46k.. it is hard to appreciate that we might be moving below any of those amounts in the near future or even in the next 6-12 months.. and each of those numbers are continuing to trickle upwardly with the passage of time, too.

By the way, that reminds me that Raja_MBZ may be getting excited to the extent that he might want to get back into bitcoin, but I am still having my doubts about getting down to the 200-week moving average if he maintains that as his repurchase price arena goal... though he does seem to be distracted into other nonsense, anyhow... so there is that angle, too.

#metoo

Sucks, doesn't it?


 


Jupiter9?

Is that you?