You could be correct regarding some sticking points around $60k (and of course, based on where we are at, how we got here, including our having had spent around two months-ish (perhaps even up to three months for the psychology of some peeps), I am personally a bit more sympathetic with the idea of a possible sticking point in the mid $50ks)  - but it does also seem that we cannot even presume that sticking points would occur at both $55k and $60k - instead it might be more logical that it is either one or another.. not both.

Think about it this way.. We have pretty much inched our way all the fuck up to $50k, and we only had one kind of mediocre correction between $42,600 and $37,100.. hardly even enough to write home about even though it did cause some whining about our only being in a dead cat bounce.. blah blah blah..

So, sure I don't give too many shits if king daddy goes straight into punishment mode and we largely whiz up to $80k-ish within 4-8 weeks and with hardly any resting periods, but I still would be questioning the solidness of buying support to be able to keep up between $55k and $80k, in the event that we do not experience some kind of decent BTC price correction before getting to $55k - whether that happens soon or continues to take advantage of what seems to be ongoing UPpity pressures for a few more thousands of UPpity movement.

So my thinking is that if there is no correction until we get past $55k, then it makes more sense to get a correction somewhere in the upper $50ks..

I have also learned to try NOT to get too surprised by anything, even while I am ongoingly "I told you"ing folks about where we are at.. and so many of them remain nocoiners.. so I just ongoingly wonder and wonder and wonder when they are going to get in.. are they waiting for $1 million coins or what? 

A kind of side story:  yesterday, one of my uncles mentioned something about since I have bitcoin that I am going to be able to do whatever I want when bitcoin reaches $1 million, and I asked why the hell would I personally need $1 million per coin.. I said for rounding off purposes, we could just figure that my costs per BTC are around $1k, and I am wondering if he could even imagine why someone in my position would need any more BTC price appreciation in order to be happy.. why do I give any shits if BTC reaches a million or not?  Sure, I hope BTC does not go back below $20k.. and I am even doubting the possibility of that ever happening again, so if we have spot price profits that ends up being around 50x in profits for me and a kind of guaranteed ongoing profits of 20x, then why would I need more than that.... I said that is already amazing profits, and I am not even saying that bitcoin is not going to $1 million.. I said that there still is no other investment that is as good as bitcoin.. even given current market conditions

I said sure, maybe if I buy a helicopter, then my problems could be solved because so many people get rich and they buy helicopters and then they crash their helicopters when they had a lot going for them. .Maybe it is not a good idea to buy a helicopter, then.  I had some other frustrations talking with seemingly committed no coiners.. and just seems crazy.. that so many of the no coiners still do not want to budge... when?  when?  when?  I don't know.. they may well wait until we get to FOMO position.. and we are not there, yet.. even though they consider that we are already in FOMO status.. and we are quite likely not.. not yet.

Thanks for your confession, Toxicmoxic.

You are forgiven.

You know that when I proposed the poll to infofront $30k support had not yet been broken, but within the day by the time infofront posted the poll, $30k had been broken, so $25k did start to feel pretty damned close to where we were at and odds in that direction started to feel quit strong..

 I consider myself to have only been about 51/49 in favor of $50k - largely because I considered that we were still likely in a bull market.. yet I also felt that the bull market would not have even been negated with a break below $25k or even a break as far down as $20k.. depending on how long the BTC price were to stay down there, too...

So, surely $50k before $25k was a bit of a long shot..and really remained a long shot until we broke above $38k-ish ... furthermore, it seem to me that many of the current poll votes for $50k ONLY came in recent times.. and in the beginning several weeks that the poll was up.. seems that the votes were quite a bit evenly split between $50k and $25k.. .

So, you seem to be thinking that breaking above $50k is going to bring us into a kind of no man's zone.. but then once we get to $60, then do we get to $65k easily?  

How far is the lack of resistance in your opinion.. if you might be asserting that? or maybe you are only saying $50 to $60k is no man zone.. but then it would bring us so damned close to $65k that in my thinking it would be hard to stop at $60k once we were to get there...

In other words, where do we stop?


PS......Within $30 of $50k now... fuck the poll....

Their(sic) might have been some deeper meaning their(sic), vapourminer ruinin dee moo.... .

 





You see what I am trying to say .. ?  (see below)


That's what I'm talking about.. though you (Copetech) said it moar firstly....


He said that?

Oh my!!!! I had not been closely following that soothsayer wannabe to get MOAR betters insights of price direction nuances.


Regarding the actual BTC price.. and the real world of BTC price dynamics.. :

Bouncing within $460 within the past couple of hours (Edit: fuck those old numbers (from 5 minutes ago), we got UPpity movements, as I type this post that are breaking within about $221 $112 of $50k as I am typing my postening), so gosh a question of actually meeting $50k (to negate the poll) and then subsequently whether meeting and exceeding of $50k might allow for some relief of resistance for a few thousand dollars of additional UPpity.

I am still thinking that $55k is the entry to no man's land so there could be some resistance at that point, but might we have a similar kind of resistance at $55k as we had at $17,250 in December 2020?.. but that December 2020 cannot really be any kind of correct comparison point (because it was part of this same cycle and a part of breaking through new ATHs that subsequently ended up playing out as a new ATH each and every month for the next 4 months between January and April), and shit, I hate to go back to 2013 to attempt any kind of comparison because that either might lead to the wrong conclusions because it is so far back or at least need to account for 2013 almost being a different bitcoin in terms of the number of tools available to go in either direction (and liquidity channels too), and now with also better understandings of various bitcoin fundamentals through more sectors....

But, then we also have the actual idea that December 2020 might have been a different part of the cycle, while still being part of the same cycle and even if we do not end up getting four months of new ATHs there could still end up being break outs to the UPpity that play out more in a comparison to December 2020 rather than a comparison to things happening in 2013.. including that the second 2013 blow off top was relatively short - in terms of maybe only a couple of months from about late September to early December.

And sure maybe a need account for some of our current macro-dynamics - even though I would venture to wage that bitcoin is quite likely more influenced in price performance dynamic ways to the three current BTC price prediction models rather than macro-dynamics - but even with my having those kinds of inclinations -there is not really anything bettable. how do you wager a bet except maybe just betting on the underlying or just betting on the fact that bitcoin is likely going to continue to follow some of the patterns that we expect in spite of various other macro-dynamics and even perhaps attempts of some folks to pigeonhole our stubborn lil buddy into various kinds of categories with macro-dynamic explanations that fail/refuse to account for the three price prediction models...


And, how does it make you feel, good ole mule buddy?

 


Edit #2: This $50k poll is really feeling like a done deal now.. for reals.. ..

Only $41 to go as I type.. it's inevitable.  You heard it here, first... well, after you heard it before me from Phon through AlcoHoDL.

Edit #3: Infofront better get to work on a new poll, ASAP.... 

OPsec, richie.. opsec..

Nice selfie, though.   

Oh gawd...  

I thought that we (of course Royal) were starting to make some progress with uie - poo-ie.

So you are saying that you have/had taken an aggressive stance to your BTC accumulation through the past about 7.5 years?

Not a whimpy stance?   Your proclamation of the "hypothetical" friend who lump sum invested and bought 20 BTC in 2015, sat on his ass and prayed for BTC to go to $10 million was just a hypothetical, and did not represent anyone you actually know?  especially not ur lil selfie?

O.k.  Maybe based on your own representations and whinenings, it is not fair for me to conclude that you ONLY lump sum invested into BTC in 2015.. and you have been buying BTC all along (on the BTC price dips, right?)- even during the many periods in which you had been suggesting that you were worried about more DOWNity in the BTC price that ended up not happening, which is not ONLY during your proclamation of a bearmarket in the lower $30ks about a month ago, but you also made a decent number of those kinds of DOWNity proclamations on a fairly regular basis when we were at $10k too, and other times you stated that you were preparing ur lil selfie for DOWNities that did not end up happening.  You were stocking up on BTC during those times that you were whining about more DOWNity right?

Sure sometimes DOWNities do end up happening but your implied story of supposedly being a Mr Tough BTC accumulator and ongoingly buying BTC (like a pro) just does not add up, especially given your level of ongoing and opportunistic whinenings when we do go up rather than down and frequently contrary to your various DOWNity proclamations along the way.  

Maybe you need to 'splain ur selfie a wee bit MOAR better, no?  so that some of your words and actions make some more senses, perhaps?


There's gotta be a chance..

Ever heard of Jim Carey?


Without getting into too many particulars, it would be something like 0.21 BTC x 3.  In that regard, I have achieved about 3x of what a newbie would be aiming to get to in current times.  Helrow? have you heard of 7331, you turdtwat?

Well.. I don't see if there should be any necessity for a competition because guys come to these matters from differing perspectives and even from differing financial statuses.

So likely there would be more utility in considering competing with ur lil selfie and your own circumstances, and surely we should already be able to appreciate that you Biodom had fucked up in some pretty decently BIG ways, and there should be no real problem with the fact that you had actually fucked up pretty BIGGEDly, but the problem becomes that you have been trying to argue as if you had not fucked up. .. and sure, after I read your post another time, I can see that maybe you are backing off of your position a bit to admit that you had been the one who had been somewhat overly whimpy.. so yes that might well be a step in the right direction.. if I might be giving you some benefit of the doubt in that regard, perhaps? perhaps?

For the sake of trying to learn from mistakes, I pretty much already made the comparison of the Biodom who had ONLY lump summed BTC in 2014/2015 to get to about 20 BTC of lump sum investing and sat on his lump summing without further investing along the way, and that Biodom (even if it is not exactly your circumstances) ended up with only 20 BTC, versus another more aggressive Biodom who would have DCA'd into bitcoin at around $100 per week for the next 6 years and could have ended up with an additional 22 BTC with that level of retrospective BTC accumulation aggressiveness. 

Of course, we cannot really know when any one of us would go from a kind of whimpy Biodom status towards a more aggressive Biodom status that included ongoing DCA.. and so ONLY uie pooie can really determine those kinds of determinations of what to do and how to do it for yourself including considering whether there might be anything in your current tactics that you might need to be changed in order to help you to help yourself and your BTC perspectives a weeeeeeee bit MOAR better.

Sure, in recent times (while we were in the lower $30ks), you quite forcefully proclaimed that we are in a bearmarket and you were anticipating BTC prices below $20k and perhaps as low as $15k.. so there is some potential that could be a problematic mindset if you or anyone else had failed/refused to adequately and ongoingly stock up on BTC when we had up to a 56% discount from our mid-April high BTC prices (and likely during an ongoing and not appreciated nor recognized bull market).

Sometimes it seems to me that you have not been learning very well from these kinds of BTC price dynamic things or even how a variety of folks might strive towards BTC accumulation in such circumstances in order to sufficiently and adequately prepare for UP (just in case it happens), so even if you are not able to learn from your own historical screwy perspective and propaganda attempts, maybe some other folks might be able to learn.. at least to attempt to NOT be so wimpy, to make sure that they are MOAR better prepared for the possibility of UP and maybe they will even pass you up in terms of getting to fuck you status before you do, especially since you seem to have had been struggling in some of your own ongoing learnenings regarding what is deeee daddy.

I will admit though, even if you ONLY have 20 BTC versus a hypothetical 42BTC that you could have had with a more aggressive approach, it is still going to be quite difficult for a whole hell of a lot of normie peeps to catch up to, even your whimpy status.. so we can see actual evidence that time in the market has a lot of value that can beat a lot of the other strategies that are coming to the bitcoin party later (even if those later strategies might be better).. and also we know that we cannot change the time that we come to the bitcoin party (especially if we just got here), so we just have to try our best to do what we can in terms of what we perceive to be our own best interest as we come into this space, and hopefully start to accumulate some BTC.. rather than waiting too long on the sidelines.


Hahahaha

And, then after you snapped to your senses, what was your second thought?

Asking for a friend.

Oh ?  Which part did you read?  My recommendation to be a bitcoin whimp.. hahahahaha..

I do admit that I do tend to emphasize that guys (and gal) should do a decent amount of self-reflection before taking a kind of aggressive BTC front-loading stance, but I also attempt to suggest that people get started right away.. at least in terms of setting up some kind of BTC related account or figure out some ways to get and to hold BTC.. so yeah, if they have no damned clue about what they are doing or why bitcoin and various other distractions (such as the common dumb shit - "what about x, y, z shitcoin?"), then surely I still would say that they just start with something whimpy, such as $10 per week while they figure out their shit.

I had another one of my cousins telling me the other day how he had made a good deal because he got a discount on the 2021 Diesel Dodge Ram truck that he bought in terms of his trade in and the whole transaction was the reason why he had not taken any kind of position in bitcoin since we had spoken in around December 2019... so yeah, sure there can be some some utility in having a good running vehicle and even to use that vehicle for work, but I still question why not both.. or even if the truck was as needed as his passion seemed to be making it out to be... and gosh not even that he is dumb but he does seem to be having some troubles considering how much new vehicles depreciate.. and there is likely some value in having some other kinds of investments with what seems to be some of his decent cashflow.. not all guys in their mid-20s or so are going to be able to buy new trucks.. but not sure if they should either.. even though that is their decision to make, ultimately... most likely payments involved too.. I did not really get into some of the details because we were kind of considering the matter from differing frameworks... ... so where is a guy like that going to start into bitcoin, besides perhaps first getting off zero.. and perhaps $10 per week.. even though we know that he is probably around $1k per month for his truck payments for the next 5 years or so.

The battle for $50k seems to be ongoing, but sure, the trade volume does not seem to be very high, at least not so far.

So, as I type this post, within the past 20 minutes king daddy has gotten within $167 of negating such still existing pollening.

You are not really saying anything too much different from me, except perhaps you are aiming at some kind of seemingly blind conviction that fails/refuses to attempt to account for individual particulars including psychology and finances.

In other words, we are not all starting from the same place in terms of our finances nor our psychology, especially in regards to an asset such as bitcoin..

yeah, we can start out with some ideas about "get the fuck off zero" and some of those basics, but then once we get past get the fuck off zero I doubt it is practical to assert that people should go all in.. that is a bunch of bullshit because normies are not going to do it.. and normies are all over the place in terms of their thinking about finances and their practices.. so there is some value in attempting to work with people from where they are at rather than hypothesizing them to already be in some kind of fantasy place that might have been reflective of where you were at when you got started, but even if you look at ur own lil selfie, and if you are honest with ur own lil selfie, you are likely going to appreciate that you were not likely very enlightened at all about bitcoin when you started, and you may well were not even enlightened about yourself and your then financial practices.

Bitcoin can provide a vehicle for any of us to learn more about ourselves and also to figure out what is going to be our investment goals.. and we might well need to stand before we walk, walk before we run, and run before we try aerodynamic moves.  Probably a vast majority of us made some mistakes along the way too, and some of those mistakes have related to ways in which to attempt to tailor our bitcoin investment to ourselves which is not only learning about bitcoin but also learning about ourselves, too.

Are you proclaiming yourself to the be exception?  the one who knew everything right from the start?  that seems a pretty damned rare beast to me, even though I have seen quite a few people proclaiming to have known stuff way before they could have even reasonably known.. the baby genius is also a fantasy rather than a real thing that exists.

Ps:
By the way, don't get me wrong.  A lot of normies are likely to screw themselves out of some potential profits because they end up being quite hesitant, whimpy and lacking in conviction and lacking in front-loading of their BTC investment, but it still does not take away from the fact that the vast majority of people are going to have to build their conviction.. Maybe even someone like Saylor had to spend a few months studying up on bitcoin before he went into BTC pretty damned aggressively from the start (but is he very typical of any kind of normie?  I doubt it).  But even if we attempt to analyze Saylor's initial getting into bitcoin a bit over a year ago, he became more aggressive with the passage of time in terms of just investing cash reserves at the start, but presumptively as he learned more he became more aggressive in terms of figuring out various ways to use debt (or potentially be able to draw from other kinds of seemingly creative debt.. that also is likely very available to the vast majority of normies).. but even Saylor's earliest aggressive use of cash reserves (wasn't it something like 70% from the start?) would be way the hell more aggressive than most normies just getting their foot in the door of a kind of investment like bitcoin and getting their investment level up to between 1% to 10% of their investment portfolio would be challenging to achieve for a lot of normies who are not willing to move so quickly, decisively and aggressively, even if it may have been for their own good to get their investment size up there faster rather than slower.

How "charitable" of you to be thinking about our future, in advance.   


Yeah.. sure.. we should give that diptwat some benefit of the doubt, no?

 


It would be really difficult to generalize, and sure your earlier assertion of 80/20 ignorance versus enlightened does tend to be a decent ballpark starting point even though we could presume some higher levels of conviction for bitcointalk members and perhaps even a bit more higher levels of conviction for WO regulars.. but sure we might still not be that far differentiated from the presumptive 80/20 Pareto distribution.

There are also a decent variation in the accumulation and HODLing styles amongst us, and surely there were some folks who frontloaded BIGGEDly when they first got involved in BTC, and others who did not, and surely some of the lack of frontloading might not even really be by choice, depending upon where a person might be in life in terms of cashflow and even whether s/he might have credit too.. college students might be a great example of someone lacking in cashflow.. and even if DCA might help, it might still leave those kind of categories of people way "under-invested" relative to their bullishness of the topic.

The complaining guy seems to be right, especially if the boss is proposing 100% paid in bitcoin, unless there is a way to tailor the amount received in bitcoin versus dollars. 

I had never been one to regularly invest much more than 10% of my ongoing cashflow into anything - at least from my cashflow perspective.. even if there might be spurts from time to time that I would end up investing more, and sure there had been times that I was more aggressive on investing because my income so vastly exceeded my monthly expenses.

Of course, if I were to be in the process/midst of lump sum investing or transferring funds around from one investment to another (BTC or otherwise), then I might be willing to be more than 10% of the payroll cashflow.. but still makes me nervous to be playing around too much with my cashflow or to have my money coming to me in an investment form that I might not be able to invest that much money as it comes in - especially presuming that in 2013 and even today, it seems that every single debt or expense that I have is somehow denominated in dollars... even if there may well be other payment options.

We should not mix up payment options with denomination practicalities.

I suppose even if some of my debts/expenses were denominated in bitcoin, I would still be doing some of the overall calculations to figure out how much that I should allocate in bitcoin versus dollars at that particular time and as the money is coming in (presumptively), so surely nice to have some balance in these kinds of ongoing controlling of the allocation matters.. and options too.. even concerns if there are fees involved to convert back and forth might be a practical/substantive matter to weigh.


Of course, bitcoin has a kind of unique supply curve, but it still has market cycles.. at least so far...

You are right that there are some similarities and differences to the wood market, but there is some straining of comparisons if you attempt to describe too much about bitcoin when comparing it to wood.


$50k is so close that it is starting to feel almost inevitable... even though we can never really determine what is going to happen with bitcoin, especially in the short-term and especially in the future.. even if a kind of supra $50k feels damned close to a done deal.. and our current pumpening from just the past 15-20 minutes has brought us a mere $286 from touching upon $50k.. which surely would resolve the poll and put Infofront back to scrambling (not eggs, either).

I have a hard time appreciating how being a "crypto" analyst is relevant to this thread.  And gosh using such term as a marketing ploy causes me to consider that the person might not even know what bitcoin is.. is there a shitcoin angle here?

In other words, does the laser-eyed chick know any widdo ting-a-lie about bitcoin?  Now knowing about bitcoin may well be helpful and relevant to this thread.. including you, ImThour, using/perpetuating such nonsense term without explaining what you mean by it.. anything there?  anything?


What else is new?    An admitted nocoiner (who also begs for BTC) suggesting some other possible investments.   

One of the best pieces of advice is to get your ass off of zero first before you are proposing various ways that you might consider supplementing your BTC holdings into various other kinds of holdings.

I am not even against investing in various other assets or currencies (not talking about shitcoins), but get a hold of your bitcoin strategy first.. that's what we be talking about here, especially during the greatest wealth transfer in history, you better have some kind of bitcoin strategy... we been through the numerous ways that bitcoin is superior to gold.. and of course, the actual market seems to be recognizing those various ways too.. and if we look at bitcoin's market cap and bitcoin's market cap, sure bitcoin has less than 1/10 the market cap of gold - but so many of us have already considered that bitcoin is better than gold, likely in the 100x to 1000x (or perhaps more) better than gold category, even if it could take a few more cycles for BTC's market price to get closer to some semblance of its real value..

Now, if you get to a certain level of BTC, maybe even to some level of fuck you status, then sure, you can throw some money away into some shiny stone/coin/or whatever you want to call it.. that is likely nice to look at and even feels good in your hand.. Yet one of the problems remain that even gold collectibles are quite likely to be losing their value because of gold spot price having its lunch getting ongoingly eaten by our lillie fiend, aka king daddy.... so it may well be better to buy some of those rocks, even the collectible ones after getting your shit together with bitcoin first.. .. first get off zero, then establish some target accumulation levels, then perhaps get close to fuck you status or into fuck you status before spending your money on ongoing depreciating asset classes.... including some of the collectibles that are not as BIG of collectibles as the rarity, present utility and likely future utility of bitcoin.

That's great.

Just consider how many peeps who got scared from this most recent 56% dip that lasted 2-3 months.. and sure we are not even fully recovered from it yet (even though it is seeming quite convincing that the bottom is in) - and of course one additional levels of complication with GBTC, because they dipped even further in their going from a premium to a negative.. while they also reflect spot price too... so they had a dip of their premium that arguably started 4-5 months before BTC's spot price started to fall in this latest dip.. with a double whammy.

Many of us wee peasants could have gotten paralyzed or even run out of money on the way down, but a DCA strategy would still suggest to at least hold some of your money aside to be continuing with the DCA strategy, whether it is $10 per week, $25 per week, $100 per week or some other amount that might be more or less aggressive depending on personal financial and psychological circumstances. 

GBTC would not have been so easy as to allow for such "peasant" tailoring... at least not the initial product, even if more tailoring might have been possible for some of the guys who are able to participate in GBTC secondary markets... complicated, no?

And the guy who directly bought BTC through all of this time including the one who aggressively directly stacked BTC for $100 per week over the past 8 years would have already gotten himself about $2.5 million in current spot price value (about 55 BTC), which surely puts that same DCAing guy in the league of some of the GBTC investors (even if he might not have initially qualified for getting into GBTC when he first got started into buying BTC directly).

 Of course, mistakes are frequently made along the way too and people do not necessarily learn a focused technique when the first get started in buying BTC .. and the volatility can really throw off a lot of people, but they can still evolve into a more aggressive and consistent DCA strategy - and hopefully without messing up his/her own cashflow along the way and hopefully not getting scared out of his/her DCA strategy that so far has been proven to be one of the best of strategies in staying actively involved in BTC accumulation - and the longer the time doing it, the better it has been historically for the DCAing accumulators involved in BTC.

One of the problems of the peasant could be that s/he might not have any other investment or any other investment opportunities, so s/he might get scared away from ongoing BTC investing in a DCAing kind of way because after a while and s/he might start to accumulate so much relative wealth in BTC, then s/he may start to feel way over allocated into BTC at various points when the BTC price is going up.. so anyone involved in BTC for nearly 8 years has gone through close to two full cycles, even though many of us will suggest that the first full cycle might feel like the worst in terms of feeling some financial/psychological insecurity, but even the longer term BTC accumulator.. might get scared away from some of the ongoing DCA'ing too and part of that might well be due to the considerable outperformance that BTC has historically shown, relative to any other investment category.. which can be quite difficult to manage financially and psychologically.

Let's consider the possibility that the one who had been able to be more aggressive with $100 per week might ONLY have an income of a couple thousand per month.. so gosh when their whole BTC holdings has appreciated to such relatively large sums of money.. there are going to likely be many points along the way in which they are going to be very tempted to either draw from their BTC holdings or to put such value into other investments (which none of us can really blame them from having and even acting on such temptations).  Sure, I am not talking about reallocating into shitcoins here.. I am just referring to equities, property, PMs and even cash. even if maybe the ongoing investor could still consider that BTC remains as the best of investments and they could still continue to DCA into BTC - even if they remain vastly overallocated in BTC.  These are tough decisions for a lot of us, even for many of us who have been in BTC for a long time, even though the first full cycle is likely the most difficult, relatively speaking in terms of getting to a larger BTC investment portfolio size, which could also tempt normies into screwing things up in one way or another.. so none of us is completely immuned.

Who cares?

Since he starts out by misdescribing history by failing/refusing to recognize how the 2017 block wars and forkenings were resolved, including how the market also spoke in terms of the winner (BTC if you do not recall?), then why would we give any shits about how he assesses where BTC might happen to be at this particular moment..?  

Seems to me that BTC happens to be in a kind of pumpening stage of a cycle and it started around April 2019.. but taking a while to get to where we are at and around 5x higher prices from a year ago and also likely within the midst of more UPpity of this portion of the cycle - with a recent dip that challenged the concept of whether we are in a bull market or not and such recent price rebound of the past month seems to be resolving in the direction that we are continuing in a bull market (and we never left, in spite of desperate attempts to scare folks out oftheir coins.. and sure it worked for some).  

Of course currently, there may well be some uncertainties regarding how long this bull run will last, how high it will go, which shitcoins might get pumped along the way (if any), and likely the quoted twat is pumping some shitcoin talking point to naysay bitcoin while pumping some supposed benefits of various shitcoins that supposedly do things better than BTC..  So are we interested in exploring the depths of shitcoin talking points when they cannot even fairly describe how we got to this here place, except that we know that bitcoin naysaying tends to happen more extensively during BTC bullruns and some (more naive) bitcoin HODLers get tricked out of their bitcoin because they want to explore the nonsense of some shitcoin that might even pump better in the short term than our beloved grandpa bitcoin?  You going to get rid of your grandpa and go with some gimmick filled house of cards?

For sure, I am not suggesting that anyone should stop accumulating BTC way premature if they still have the ability to keep accumulating and they have not reached their goals, yet.  The punch line to the current target of 0.21BTC is a kind of realistic acknowledgement that accumulating 1 BTC is starting to become way out of the reach of a lot of people - so we should want to attempt to stay realistic for the vast majority of people in terms of helping them to set reasonable targets that they can reach and then perhaps keep on moving the targets upwardly (if feasible and reasonable) once the lower targets are reached.

Sure of course, there could be a bit of a problem if a guy were to actually reach fuck you status, and then he has no diversification at all or hardly any diversification (and I am not talking about getting into shitcoins), because then he would be in a vulnerable position in terms of having all of his wealth in BTC - especially when it is so volatile...and having all your eggs in one basket is not likely to be increasing either your comfort level or your options... and again fuck shitcoins, I am not referring to them.

It seems that when I was first getting into BTC in late 2013, the BTC price had gotten up to $1,163, and there were quite a few bitcoin regulars who were still gravitating on a kind of goal of accumulating 21BTC as their kind of starting out point (or maintenance point).. and sure there were some of the longer-term members who might not have been too wealthy or anything who would have been still focusing on getting their stash into three digits, such as 100+ BTC, but for sure, we could start to see that with the passage of time that 100 BTC would become more and more problematic as an entry point, and sure, I am pretty sure that 21BTC still did seem to be a decent and realistic accumulation goal through 2015 and perhaps even decently into 2016.. but even that 21 BTC became harder and harder to proclaim as an entry accumulation target for newbies... so yeah, it went down to 10 BTC. .. and then 1 or 2 BTC, and surely Poker Player you can likely appreciate why 1 or 2 BTC is not really very realistic currently as a BTC accumulation starting goal for a vast majority of normies, and so therefore, we seem to be gravitating down to something like .021 BTC as being something to start to aspire to as a starting BTC accumulation goal.

Don't get me wrong, because starting goals do not necessarily mean that is where anybody should be stopping, but surely it seems to be a good practice to attempt to establish realistic starting goals.. and it surely would likely become more complicated in terms of assessing any individual's particular financial and psychological circumstances, and so that will frequently lead us to other areas of discussion regarding various kinds of goal setting that might happen above and beyond some of those initial BTC accumulation strategies.

You may have noticed that I had been getting into it with Biodom quite a bit in recent times, and one of my recent criticisms was his assertion that it might be reasonable for someone to just lump sum a large amount of BTC.. and just sit on his investment for 10, 20 or 30 years.. he used 20 BTC bought in 2015 as an example... so yeah, a guy could have easily bought 20 BTC in 2015 for somewhere between $5,000 and $6,000 and just sat on that investment until now and even from his perspective sit on the investment while hoping that the BTC price goes up to $10 million or something like that...

And largely I responded to him.. fuck that nonsense.. and fuck the idea of just sitting around and not ongoingly investing into bitcoin, when you had already assessed BTC to be a good enough investment and to put $5k to $6k in 2015.  I was suggesting that such a lump sum strategy that does not have any follow up is a quite a bit underconvicted in terms of both recognizing the actual strengths of bitcoin and also taking reasonable and prudent strategies to attempt to help yourself to reach fuck you status faster and in a more actively managed way rather than just (whimpily) sitting on one lump sum purchase (or set of lump sum purchases) and praying that the BTC price goes up.

So, for sure when we talk about setting those initial BTC accumulation goals, they might seem a bit whimpy in the beginning, and sure there might be some people who are poor as fuck and they are not even reasonably able to invest $10 per week into bitcoin.. so sure we have to recognize those kinds of situation, and try to figure out if they could still continue to profit from ongoingly investing in BTC and not get tempted into cashing out too much of their BTC too soon merely because BTC prices appreciates.. so I suppose that I am not even suggesting that everyone is going to be able to reach fuck you status even when they might be attempting to be as aggressive as they can in terms of how much they are able to stack aside BTC, but these days it does seem that 0.21 BTC (it is about $10k as I type this post.. not pocket change for sure) is a kind of reachable first goal.. and people gotta start somewhere.. and even some people lose their whole BTC stashes in various accidents, and they may well have to get back on the BTC accumulation horse and set reasonable and reachable targets.. sucks for some of those people, but we all have to attempt to be realistic too in terms of assessing how much money 0.21BTC is to some people to be able to set aside - and even worse for some people who had already had a habit of living from pay check to pay check and they have to fix their habits including their thinking that everyone else is living pay check to pay check so why shouldn't I.. (some people have no choice, and maybe it is more difficult for BTC to help them.. even though 0.21 BTC may still be a reachable starting goal that may well have to be moved down further on down this particular BTC price cycle.. not sure yet.. time will tell.. no?)

Oh by the way... sometimes we might be talking about reaching fuck you status and then other times we might be talking about how close we might be to reaching fuck you status, and sometimes we might just want to suggest something about our own status that might be within the relatable parameters such as maybe already having had reached and surpassed the currently acceptable normie reachable goal of 0.21 BTC.. or we might disclose that we had reached one of the past goals, even in 2017 when the goal was something like 10BTC but then later on seemed to be in need of moving on.. even though there were some peeps who had stated that they had temporarily reached 10 BTC (i.e. mindrust for less than a day.. if we can believe him).. .. but yeah.. maybe even soon after mindrust had said that he had met the 10 BTC goal in March 2020 (and BTC prices went slightly below $4k during that time), it seemed to have been harder and harder to reach such a goal, because the BTC price only seemed to have had gone up from there.. and since March 2020 BTC prices went up in a kind of BIGGEDly way if we really look at the whole matter... and I suppose that is where we started having to go to 1 to 2 BTC as our starting goal.. and we even started to use $10k as our kind of starting out price point for this particular run.. even though $10k had even seemed to be a kind of relatively solid BTC price gravitation point even in September 2020..  but even our BTC price battle grounds in the area of more than 50% correction off of $65k causes a lot of us to tentatively consider that $10k to $20k BTC prices are fantasylandia.. which may have allowed for keeping 1-2 BTC as reasonable BTC accumulation entry points.. and surely, there seems to be sufficient and reasonable basis to also consider that it is no longer really realistic for normies entering into BTC to be having goals so damned high as 1 BTC..... so for now, the 0.21BTC is going to have to work.. and many of us are likely consideration that 0.21BTC is working for now.. but we are not really going to have a lot of confidence that we are going to stay here for very long, even though we did seem to spend much of 2021 in such a place that 0.21BTC has been somewhat within reach of the normies as their BTC accumulation starting point.. .. reassessments are likely going to be made in the coming couple of years in terms of actually seeing where the top of this cycle might end up and then how far the correction might come down.. and so we can suspect that we might be downgrading from 0.21BTC.. but it is not a given.. that's for sure... even though 0.21BTC does still seem to be reasonably prudent and valid... for now.

Another by the way... I have come across a whole hell of a lot of BTC newbies over the years who seemed to have a lot of screwed up thoughts in the beginning, including the lame ass presumptions that many of us have about being way too fucking late to bitcoin.. and surely, I am not excluding myself from being a similar kind of dumbass and that I stayed relatively insecure for a few years in terms of wondering if I had accumulated enough BTC.. so BTC price volatility can really do that to a lot of us normies, including a decent amount of confidence that we lose during periods of seemingly extended BTC price dippenings.. .. but if these guys stick to their guns (and even if they have a kind of fucked up low level of cashflow that they can spare) I have seen so many of them proclaim that they ended up acquiring way more BTC than they thought that they would be able to acquire.. so for example someone with a 0.21 BTC initial goal might end up reaching way more BTC than that.. and just say to themselves.. "holy fuck, I did not think that I would be able to do it."  but it happens quite a bit and even sometimes it does take a few years too..  and sometimes tragedies too.. so there is all of that going on when setting goals, trying to stick with the goals and setting new goals that only become practical and meaningful after the lower-level goals have already been met (or exceeded).

Nice little inter-day rally in which everything was almost completely fallen off the chart, and then subsequently everything is quite a ways above the bottom..

nice


nice..

Now if we could stay in the top 100 for a while. .that would be good..

Failing/refusing to adequately and sufficiently long could also be considered as a kind of shorting...

So, yes,  this entity does consider that your proclamation of our being in a bear market when we were at the bottom of this dip as a kind of evidence of your short or your strongly suggestive assertion that others should also fail/refuse to adequately go long because of your additional thoughts that there were decently large chances that BTC prices could correct into the sub-$20ks and did you not even throw out $15k as your  speculative number..

So yes, you could have been attempting to inspire peeps for those kinds of potentially low BTC prices that seem quite a ways removed from what actually happened.. as mostly went up from there.. quite nicely I might add.

Hopefully not too many peeps (or entities) were hurt by listening to uie poo-ie, including ur lil selfie.. even though it may well be good to lose some compassion for such ongoingly opportunistic bear market prognosticators.. look in the mirror if you are not sure of the referenced entity. (hint hint.. uie pooie)


Get it into your algorithm that premature proclamations of bear market has consequences, and even this here algorithm has frequently attempted to assert that NOT only should peeps continuously be prepared for either price direction (psychologically and financially), they should also attempt to set their orders up in such a way that attempts to match their beliefs - while at the same time continuously attempting to prepare for either price direction.


Largely, I kept my systems in place - even though I had already disclosed that I had a kind of ongoing practice of moving funds around in ongoing preparations for having funds available for a project that I had agreed to enter into.. so I still have not yet disclosed some of the details of how I had been moving funds around because that fund moving is still in process and I really do not want to provide too many details until it is either completed or close to completed (in the event that I ultimately do end up providing more details of what I did and how I did it and whether I conclude that it was successful or not.. or if there might be some things to learn from it, too)..

It seems to me that you and I had continued to be quite a bit a ways apart from arriving at an assessment that bitcoin was in a bear market or had entered into a bear market, and I recall also being quite a bit reluctant in discussing with too many specifics regarding what BTC prices would have caused me to get triggered into considering that either we were close to entering into a bear market or that we had entered ... and for sure you had been throwing out those bear market assertions since our late May 50% correction, and you made such assertions in way stronger ways the longer that the BTC price lingered in the $30ks. .... which for sure is not completely unreasonable because there were others making similar premature ongoingly wrong proclamations, too...so you were not alone in your wrongness or in your someone legitimate reliance on ongoing low BTC prices as evidence to support your premature ongoingly wrong proclamations.

Regarding your desire that I do not read what you write, it does seem that it is good that I am watching you and pointing out some of your ongoing and seeming persistent nonsense.. It could possibly help others too.. perhaps?  perhaps?  even though it does seem to cause some work on me to be pointing out your nonsense so frequently.. even though sometimes there is quite a bit of subtlety in the kinds of nonsense that you are setting forth, but there are likely others who have noticed some of your persistent panic states too.. which should cause some concerns for any of us to get caught with you if we were in a battle trench and we may well be a bit unclear about if you are going to become a burden rather than a benefit, right when you are needed to keep the enemy from overwhelming us.. you either run or turn your guns on the bitcoin allies... so not easy to put confidence in seeming soldiers like you.  


That might be all fine and dandy for you when you are seeming to be ongoingly inclined to prematurely call a bear market... even though you already likely have seen various assertions of my theory that you had failed/refused to adequately prepare for UPpity at several BTC price points..... so sure you are getting richer, just like a lot of us long term bitcoin HODLers / accumulators, but probably way slower than you practically and prudently could have if your viewpoints were not so frequently inclined towards premature bearisms... but yeah.. sure you may well perceive that you sufficiently and adequately protecting ur lil selfie... even if it takes you 25 years rather than 10 years to get to fuck you status...

hahahahaha

poor widdo ting-i-lie...


Yes.. of course, you have repeatedly said that, and I have repeatedly told you that if you were to have something like 5 times fuck you status or even much more extraordinary numbers, you do not have to get so worried about your BTC spending choices..

In other words, getting to fuck you status or multiple levels of fuck you status is way more of a relevant and important state than it is to be talking about how you are going to manage your money once you get there.. because you need to get there first, before that nonsense about discretionary management concerns even become close to relevant.

So, let's get there first, and deal with the management later...

Part of the reason that you have to get so god damned preoccupied by irrelevant concepts of how to manage your fuck you status money is because you are way more likely to be gravitating in such low levels of fuck you status that questions of management becomes way more of an issue than it really should be.

Seems like I already mentioned to you also, so many damned times that if your goal of achieving fuck you status had been something like $2 million, you would have already gotten there on a relatively mildly aggressive investment of $100 per week... and sure, there might be some concerns about relying on spot price and there also might be some concerns about whether $2million is really enough.. but having something like 75 BTC (20 BTC purchased when you first got started plus DCA purchases at $100 per week in the past 8 years that add up to about 55 additional BTC) would not be a bad thing in terms of getting you quite a bit closer to fuck you status even if you are not assessing your fuck you status based on spot price or based on a $2 million entry level.


We can make jokes around here.. no problem.. but there can be some real world assessments that are important too.. in terms of trying to be careful in terms of throwing around confusing concepts that might lead more innocent peeps to shitty thinking and bad practices, and sometimes it is NOT clear if you are just caught up in personal distractions in your spreading of frequently bad information.

You are going to need more than 0.21BTC then.

You must be shooting for the next level up.. 2.1 BTC.?


Soon ^tm

Nice cAPS... .

I am not even going to resize that idea-er....




Does that mean that you have finally closed your short that you placed in the lower $30ks expecting that we were going to sub $20k?

Have you given up on that, then?

 




I feel so bad.. laughing.. ...





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NOT.