I was starting to consider that bitcoin (aka lil fiend, aka used to be buddy) might be ded. 

Supra $1trillion was nice while it lasted.

 

You seem to be both allowing ur lil selfie to take matters a bit too emotionally and you seem to be wanting to personalize something that should not be personal, which maybe you are reading too much of my stuff - especially if you are having wittle troubles coping with either my tone or my content.. or perhaps some other personal matter that seems that you are having difficulties controlling.  AmiNOTrite?

In spite of your rambunctious and provocative rhetoric, I largely agree with your broad stroke assertions, and I would even proclaim that you are not really saying anything new.

It does seem that I am battling with any assertion that you might be making about such halvening effects becoming "puny" as soon as this next cycle... And that is the claim that I am saying bah-hum-bug to, to the extent that is the claim that you are making.  I was hoping that we could disagree more because I would like to be able to make a bet on such a suggestion that the halvenings are not going to be important for at least several more to come.. let's say 2024, 2028 and 2032.. minimum.. that would be reduction to 3.125 then reduction to 1.5625 and then reduction to .78125... They might remain significant after that as well, but at least the next three upcoming are going to continue to be significant (and not "puny") in my humble bumble opinion.. and it would be nice to at least bet on the 2024 one if you believe that one is going to be relatively puny and if we could put some metrics on it... which still seems that you are not willing to go that far.

Get a grip Biodom without a dome.

Snap out of it!!!!!!!!!


You are perhaps going luney tooney in some kind of shitcoin pumpening season and all of sudden considering that either there might be value with shitcoins or that all of a sudden they have become relevant to this thread .... or maybe you believe that the pumpening of a coin equals it having fundamental values.

Whatever it is, snap the fuck out of it, and get a grip.  



You are really appearing to be delerious..  Are you sure that you are an actual adult?  For some reason I was assuming that you were an adult, but you are really showing some pretty high level of immaturity here, no?  AmiNOTrite?


Actually, you seem to be devolving into such a state that either you need a biiiiaaaaatcccchhhhh slap, taken out to the woodshed (getting woodshedded) or maybe a batman slap.  Not sure if there are any other options with such a seemingly out of touch peep who seems to go so far off the rails from some mere likely to be short-term (whether it takes a few days or a few decades) shitcoin pumpenings. 

Hopefully, for your own good (even if you might not deserve it) you have not put too much into shitcoins, and you are able to get some value out of that crap before it dumpenings on your dummbie noggen (by the way have you teamed up with the dummybitcoiner..... cannot remember his exact name or maybe teamed  up with Save the RF or Gembitz?)

You are a stubborn fuck, for sure.

 

Yep.... for sure... harder and harder to get a whole coin... and even a year ago (or less) it was way more possible to get a whole coin, but funny how times (and options) change, and so quickly.


That sounds like advices.    unsolicited, tooooooooo


Given the readability issues, a paper wallet (or even writing down seed words on paper or some other medium of storing keys in analogue form) seems way more reliable than data on a 5 1/4 disc..  Should be obvious, no?  And with the analogue format, it can be kept in more than one location, too.... just like multiple 5 1/4 floppies can be made - but you still have the readability problem if backups are in the same format.. but might not be the same problem with other analogue such as key or seed words written or kept on some other analogue medium.



Good question.  And also, I was wondering if there were some existential requirement for wit, even though I do believe that I have some decent capacities for wit from time to time.. maybe not always, but a decent amount of time and such level of wit (or lack there of) does not really seem to be causing me to be a curmudgeon or anything like that.

I am as sure as the sun will be setting this evening and the moon coming UPpity... not necessarily in that order.  

Personally, I get the sense that you are framing our current situation in a very similar kind of somewhat "annoying" conservatism as you had been expressing in the months immediately preceding April 2019.

Sure, nothing wrong with having some reservations in your concerns about where the bull market might go and even having some mental and financial preparedness for DOWNity in case UPpity comes to an end sooner than expected... So yeah, no problems with that.

Maybe my "problems" to the extent that they can be described as "problems" remains that you are seeming to make a pretty strong assertion in regards to your anticipation of future bitcoin cycle "puniness", but you are making such proclamations in such a way that causes me to speculate that there might be a bet in there somewhere, but we just have to narrow down the potential terms a wee bit more, but I believe that even though you are having feelings of a certain kind of concreteness in your speculations about "puniness" but you are a wee bit afraid to put them into writing into a kind of way that it could be bettable. 

Maybe I need to try to narrow down the terms of what you seem to be saying, and then we can try to go from there in terms of tweaking the terms to make them acceptable.

We could pick a date and a price, and even though we are both assigning probabilities, I am getting the sense that my probabilities are more bullish than yours.  I am having some troubles identifying our sticking or hinging points.  I do agree with your overall thesis that with the passage of time, the extremes in bitcoin will likely become way less volatile but I am having some troubles with your attempt to describe this particular cycle.. or maybe it is after the next halvening as being less impactful..,. so that would be a claim about the 2025-ish period rather than any kind of claim about this particular period.  Help... I feel that I am losing the subject matter thread... and maybe my attempts to describe what I believe you are saying is off.. I surely would rather have some kind of bet that does not require us to have to wait until 2025-ish to see if it is playing out because I get the sense that the fact that you are making such proclamations now, there is something that you might be saying (that we disagree about) in regards to where we are going to be before 2025-ish.

One of the problems that these NFT fucktards are having in identifying is just like you suggest, Jimbo, the death of the creator.  They have some stupid-ass believes that if the signature of ownership of blah blah blah piece happens to be rare when there are all kinds of ways to replicate the dumb on another blockchain, from another angle, with the bitcoin blockchain backing it.. blah blah blah..

And one of the things that make bitcoins scarce is that they are both created (or brought into circulation) through a process that is unfuckable with.. well at least not more than a few blocks before it starts costing real ass money.

Anyhow, let those diptwats screw around with their various "creative" ways to try to describe scarcity out of something that is ONLY attempting to imitate (unsuccessfully of course) bitcoin, but largely saying that they are doing something else (of course, they are calling it important and earth-shifting), but it is hardly earth shifting, and ONLY means to trick people into thinking that there is some value there that is likely inflated beyond anything reasonable because it is playing off ignorance and failure to appreciate actual scarcity (which seems to largely be the same thing that you were saying, Jimbo)...

Same thing in regards to my election of some random event that happens on a regular basis and putting such event description into layman's terms....

In other words, I am not a flat-earther...  so there..

Surely does not look like a very stable way to be attempting to ride a bull.. one little bit of movement and your ride becomes history.


Ever since I got into bitcoin (late 2013- as many already have heard a few times), my philosophy and approach has been to attempt to never run out of fiat to be able to buy on dips.  There have been a few times (especially during extensive BTC price dippenings or unexpected dips, such as around January 2015, March 2017, September 2017, November 2018, March 2020, and perhaps a few other times, in which aspects of my philosophy had been put to considerable challenges based on actual facts and BTC price movements).  This is NOT even close to one of those times to one of those times of running out (or low) on fiat.

In fact, this current situation is nearly the exact opposite of halving too much fiat.. (similar to late 2017 run up to $19,666) but in the past couple of years, I have tweaked my system in what seems to be even a better way that I am more psychologically comfortable with where I am at, as compared to late 2017.  For some reason in late 2017, I was more anxious (relatively speaking) to buy every BTC price dip, but currently, I feel less shits than I did at that time, which I believe reflects a higher degree of comfort that I have with my current place.

On the other hand, it seems to me (which is hardly even close to an original thought), that we are not quite close to the "blow off top" level of BTC price appreciation that we were in late 2017 - even though in late 2017, I had not really accepted that we were at a blow off top either, and maybe that was part of the reason for my ongoing urge to buy on relatively small BTC price dippenings.  In that respect, I am kind of wondering if my level of anxiety might increase with greater BTC price appreciation, and if so, how much of a greater BTC price appreciation is going to be required to cause me to start to feel some anxieties regarding where we are at, or even if I start considering that I have too many BTC, perhaps?  Will that be $100k?  $288k?  $500k, $1million?  $1.5million?  or some other BTC price point? (assuming that we might get to some, if not all, of those numbers in this cycle).

By the way, I am starting to consider that outlying tops of this particular cycle could stretch out to as far as late 2022 based on some of the supercycle and related nonsense that is being propagated that could well contribute to a longer dragging out of this particular cycle.. perhaps?  perhaps? and hopefully, I continue to be able to take whatever measures that I need to in order to hardly give any shits regarding how BTC prices perform in the next 6 to 20 months - even including if we all end up getting surprised as fuck and turn into whining little bitches because the top for this cycle ends up being $64,895... 

I am not going to proclaim that all the traditional savings methods should be thrown out, but surely ideas regarding investment priorities is likely going to vary a considerable amount depending how much any person has already invested or if they are just getting started.

Quite likely my considerations would be quite different if I was a youth now as compared to my getting started in the 80s, 90s and early 2000s.. and by the time that I heard of bitcoin in late 2013, I had already established a decent amount of diversification in various investment vehicles, including ones like you list above and also some other investment vehicles - but ongoingly I had been considering (and even starting in the early 2000s) had considered myself to be quite lacking in dollar hedges, which became more and more clear to me at around the time that I had started to look into bitcoin.

You do realize some of the history of a variety of "retirement" programs/systems in the 90s and 2000s like the ones that you mentioned above, right?  A lot of those new retirement programs/systems were meant to transition westernized normies out of a variety of pension systems that they had historically been able to get into and to set themselves up for life... so little by little these retirement programs/systems took the place of pension systems and even there might be some hybrid existences in which people still might have pension options that can go along with the largely privatized systems, like the ones that you mentioned.

So there are tax deferral aspects and sometimes there are matching contribution aspects that could motivate/justify some of the contributions into those kinds of systems.


Sure of course, some bitcoin (or crypto) related exposure is becoming increasingly possible through those systems, so yes some normie peeps either have money within those systems or want to take advantage of those systems that they can either get into or set up for themselves (to the extent that they might feel nervous about directly owning bitcoin  (and fuck the need/motivation to discuss other non-bitcoin crypto here)).



Again, if you are already in, then that is one thing, but if you are hardly getting started, these days, you might as well start out with bitcoin, and maybe once your bitcoin holdings get up to a certain size (maybe that is $10, $40k or $100k), then there might start to be some motivation to start to diversify out a bit in terms of other assets.

For me, for example, in late 2013, I already had a sufficient amount of diversification in a variety of assets and even enough quasi-passive income from the assets that I already had that I had already considered my lil selfie to be largely "set for life" as long as I tried to mostly manage what I had and live within a relatively modest means), so when I came across bitcoin, I did not really feel that I needed to rediversify out of bitcoin once my bitcoin investment started to largely dwarf my other investments (which really started to become noticeable in the very end of 2016 and going into 2017 and becoming more and more noticeable thereafter). 

I recall that in 2016, I had still harbored ideas of potentially rediversifying (or reallocating) some of my bitcoin gains as my bitcoin became weighted higher and higher in terms of my overall investment portfolio, but in another sense, I had never really taken much if anything out of my other (pre-bitcoin) investments that were already set up to sustain me for life, so largely by the time early 2017 came along, I reconsidered my prior ideas about reallocating my winners (referring to bitcoin here), and started to buy into another kind of way of thinking that both allowed my winners ride (again referring to bitcoin even though stated in the plural), and largely within my bitcoin system, I had considered that the system that I had created of buying on the way down and selling on the way up and various other systems of mostly maintaining my BTC stash were sufficient to account for the additional risk of such an asset that I had invested in such proportions that I was willing to ride to zero, if necessary and the mere appreciation of the asset class in such a way that caused me to be rich as fuck (relatively speaking), did not thereafter motivate me to have to move some of that value into traditional investments blah blah blah.. because I already had traditional investments that could (and largely were) already sustaining my lifestyle including some ongoing upgrades that I had already been making along the way in order to make sure that I am trying to spend my cash as it comes in rather than letting it accumulate too much and then having a problem of having too much cash - which can sometimes become a bit of a problem (again relatively speaking), I have found out.   


I suppose those numbers will depend on your investment thesis, and perhaps other personal considerations that relate to the traditional ones that are worth repeating from time to time:  cashflow, other investments, view on bitcoin as compared to other investments, timeline, risk tolerance, and time, skills and abilities to learn, plan, strategize, and perhaps tweak along the way including reallocating and/or trading.


There are probably a variety of systems that can be individually tailored to cause comfort in perception that the various individual factors are being adequately balanced in order to feel prepared both financially and psychologically, and of course the more that we are able to structure our system(s) in a way to cause financial and psychological security the less emotional that we should become based on market movements - even the extreme ones - even though easier said than done, sometimes.



I would not necessarily go so far to say "all is good."   That seems to be too much of a blanket statement to me, and fuck shitcoins... did I say fuck shitcoins, yet?

 



Hm?  Not sure if I said that, but I do understand why you might consider my various responses in such a way, including some of my getting into some of what seems to be your personal details, but in some sense I would consider your personal details, to the extent that they are discussed, would largely be talking points or spring boards in order to attempt to understand ways of thinking about investing or divergences of opinions... So I understand that I will inject some of my points (to the extent that they are true) in an attempt to illustrate some ways that I am thinking about matters and how my personal circumstances (or ways of dealing with matters) might help to better understand the point(s) that I am attempting to make.

At one point, I did say that one tiny thing on the individual factors can considerably change the investment/strategy approach of any guy, so part of my claim was meant to be that most guys are going to have different approaches to the extent that they are attempting to think for their lil selfies at all, and sure there are likely some guys who will blanketly follow the approach of others, and I suppose that could be a self-directed decision in itself even though it is largely just showing that some people need consulting and advisory services more than others.

There might also be some guys who struggle, for example to maintain jobs (or income flow) that does not give them a lot of time or energy to actually feel comfortable in their bitcoin-related learnings, and they may well get confused, and in those circumstances, those guys may well need to rely more on consultants, experts and even following others with more reliance because there are ONLY so many hours in the day, even though they should be trying to learn as they go, too... and may be able to become more self directed with the passage of time,too

 

Just like it is up to roach (RIP) and proudhon to decide which personal details, if any, to provide or if we can reasonably read into their likely personal details based on the substance of their participation (including that some of us guys here will just make shit up in order to attempt to provoke a response or even to create an interpretive picture of another member, and none of that is "off the table" when each of us is deciding the level of details to provide in our various responses or to even respond to various subjects.  You have the same choices regarding what details you want to provide, and peeps do not necessarily need to be nice to you or even to interpret your details (to the extent that you provide them or to the extent that they make shit up about you), especially on the interwebs.



It remains my discretion regarding the extent that I respond at all and how I respond, if I choose to.  So, sure maybe you have identified a pattern, and maybe not?  Go figure.   

I just looked up "for sure" in my handy-dandy dictionary, and to me, it seems that "for sure" means something like 100%, and gosh, sometimes I even have difficulties determining if something that happens is 100% in the past, let alone proclaiming such a thing to happen for the future for something that has not yet happened.

By the way, if I said that it is 100% certain that the sun is going to come up tomorrow, I am probably going to be correct "for sure," but I doubt that my statement is actually correct and such sun coming uppity would be a 100% thingie-ma-jiggie.  #justsaying

I would not frame the existence of shitcoins as a positive for bitcoin, but it is a real anticipated phenomenon that a lot of fucking dumb people (and even some smart ones) are going to get involved in snake oil salesman imitations.  Satoshi has a post saying something like that, so he anticipated such a phenomenon from the beginning... does not mean that it is a positive for bitcoin, even if some positive discoveries and developments can be sourced to the existence of shitcoins.


Of course, it has been the case for years that the only off-topicness that really matters and has deleterious effects in the thread if attempting to talk positively or "neutrally"  about shitcoins is allowed to persist.. needs to be nipped in the bud whenever it happens.. otherwise you have ongoing talk about shitcoin x, y z.... blah blah blah.. and there are more than 8k possible shitcoins with their various stupid-ass talking points, whether ethereum, doge, various bcashes or some of  the other random and unimportant of the 8k shitcoins.  

Other topics fade away sooner or later and they are no real threat to the on-topicness of the thread.

Again, you are trying to make this about me.. and fuck that.. if you either want to talk positively or "neutrally" about shitcoins in this thread, its more about you wanting to change the thread rather than me getting worked up about it... because I am ONLY attempting to express the sentiments of the thread overall.. and sure I don't reflect the rules and I might not even get it right exactly.. but I have a pretty decent sense that attempting to either talk positively or neutrally about some shitcoins is very problematic.. unless it is merely an incidental occurrence that is tied to some other relevant thing that you are attempting to discuss.


I am NOT against diversification.  In 2013, I started out getting into bitcoin by having a variety of investments including some that have pretty much enough income to sustain me at basic levels.. So part of the reason that I got into bitcoin was to diversify a bit away from the dollar.  The more that I thought about a variety of my investments that I had at that time, the more that thought that they were quite considerably connected to the dollar and I needed some hedging in my overall plan.  When I looked into gold, there were various aspects that I did not like, including costs of actual physical gold, and encumbrances of actually having to manage physical gold, and the paper gold prevalence caused me some concerns about the possibility that gold was also not sufficiently non correlated with the dollar, and when I found bitcoin, I nearly immediately considered it as a potentially pretty decent complement to my
thinking at the time about what I needed in my investment portfolio.

Also, in late 2013, I had a decent extra chunk of money that I was needing to invest and right before looking into bitcoin, I had invested about 1/4 of that money into a variety of index funds of varying categories, so when I found out about bitcoin, I pretty much allocated the remaining 3/4 towards investing into bitcoin for the next 6 months (which was largely between December 2013 and May 2014), and that I would research further into bitcoin.  Furthermore, I immediately put a very small chunk into around 7 altcoins, just so that I could monitor them as well over the next 6 months while I was considering what further to do in regards to what I had allocated into bitcoin and whether I would continue after my first 6 months, which I did end up continuing with ongoing DCA investing and accumulating and even after about a year had passed, that initial 1/4 that I had invested in other funds, I did end up withdrawing from those other funds and putting that into bitcoin in November / December 2014.

So I am not really against diversification because I have continued to stay diversified, even in late 2014 when I was considering taking about half of my then 401k amount and putting it into bitcoin, which would have largely doubled my then BTC investment.  I decided against it, partially based on the grounds that it is good to remained somewhat diversified and my then nearly 10% allocation into bitcoin (when measuring my total quasi-liquid investment portfolio) was sufficiently enough to keep into bitcoin.

O.k... so in regards to bitcoin and the rest of crypto, I have quite a bit of difficult times considering diversifying beyond bitcoin because bitcoin represents the category and the thing that I was attempting to achieve, which was a hedge against the dollar.  The rest of crypto is either dependant on what bitcoin does - so diversifying into other cryptos largely seems to just add additional risk without really achieving much if anything that bitcoin cannot already accomplish.. and surely I don't want to get invested into various scams, either.  

So I continue to just NOT be into any of the other cryptos, even thought I own a wee bit of about 6 different coins (I believe which are different from what I had bought in late 2013, because I sold all of my late 2013 altcoins and I repurchased my current shitcoins (or I was airdropped) in 2017-ish.  They are XMR, ETC, ETH, LTC, BTG and BNB.  I just did a quickie ballpark estimation of my BTC holdings, cash holdings (dedicated to Bitcoin - I count USDT as cash even though officially it is not but whatevers) and shitcoins, and the value of all of those shitcoins put together add up to about 0.7% of my total BTC/cash value, and that is putting my cash (including USDT which is about 1/3 of my cash) at about 3% and BTC at 96.3%..  

So, I am not against diversification, and when it comes to "crypto" if you believe that you might be achieving some kind of objective that you want to achieve by diversifying outside of bitcoin, then that remains a choice that each person is free to make.  I don't see any need in my portfolio for any non bitcoin crypto besides the wee bit that I already hold or if I were to come across some project that might seem interesting I might invest, but likely it would be somehow related to bitcoin rather than some non-bitcoin crypto project.. but never say never, if I were to come across something that seems interesting to me and I don't get a sense that it is a scam from the start.

By the way, like quite a lot of bitcoin (and even crypto) peeps, I have quite a bit of extra value that I could throw at various projects if anything were to strike me.  I do have one or two projects already in mind in terms of putting my value into them, but those would largely be kinds of broader giving back to bitcoin type projects with general bitcoin applicability rather than anything that I would expect a return on - and I suppose if I were to get any return, I would just fold back into the projects and those projects are merely in rudimentary states of thinking through rather than really setting anything up yet... I might start a thread on it when I get a bit further along... perhaps.


I am not attempting to say that the shitcoiners should not be able to shitcoin.  Just get the fuck out of here with that nonsense... there are a lot of places that they can shitcoin, and I am not criticizing those conversations from taking place.. and I don't tend to go to any of those places either..

Bots can surely take care advantage of volatility, and so it is likely a much better system than one that uses margin... so I suppose if you have the parameters set that cause you to be profitable in either direction - maybe biased towards down (but holy shit.. doge hardly even worth a penny but now has gotten up to nearly $.45.. )... so really crazy...


hahahahaha

Maybe it was a WO member?  Not so far gone as Save the Rf, but some Save the RF lite.. who got distracted into Doge - believing that there is some value there merely because of celebrity endorsement.

Hahahahaha.. I stick to my position.. that you should go get a grip... etc etc.. , and we can agree to disagree regarding this somewhat speculative matter that could take a few cycles to play out to verify whether the upcoming near-term halvenings are becoming relatively "puny" or no (or would it be that they are becoming increasingly more puny from your point of speculation?)... but I appreciate you explanation and rationale regarding why you are considering halvenings becoming relatively "puny" in the near future. .. and part of the dispute seems to be that you are asserting that there are decent chances that we are going to be witnessing "puny" effects of halvening in this upcoming cycle (which is kind of assuming the affects to the 2024 halvening - thereby in 2025-ish to 2026-ish to already starting to show signs of "puny"

By the way I would bet you (a kind of gentleman's bet of course) in the event that we could narrow down the terms of such a bet to a short period of time, for example if you are suggesting that we would already be seeing these kinds of "puny" dynamics playing out in the next halvening (therefore it would be noticed and verified by 2025-26) .. which seems a bit bonkers to me (requiring the grippening getting), then maybe we could have a bet that goes to that point.

On the other hand, if you are suggesting increasing relative "puniness" in each of the coming halvenings, then I am not sure how many halvenings we could allow such a bet (assuming that we could even sufficiently specify such a bet) would need to be seen to play out and determine if one direction or another is playing out more or even if we really disagree or not about this. 

In any event, sticking to what seems to be your original assertions, would the next halvening be sufficient to see and to verify if the "puny" had actually played out to your specifications (which kind of seems to be what you were initially suggesting)? or do we need more than one halvening to see and verify the "puny" starting to play out?

Seems to me that neither of us can go fuck our lil selfies until we verify the terms of our nonsense, if such nonsense were to be in existence?
 

Some people are retarded when it comes to topics like that.  Their short-term desires overwhelm them and then they come up with excuses for why they are doing the thing that is clearly going to accelerate their death.


Yeah right... that sounds like a great plan.  

I am thinking, personally, that the ONLY ways to win is to NOT play.. but each of us have our own views about our skills and abilities.. hopefully you are not putting too much value at risk.. or really leveraging with margin that could reck you way faster than you would normally just reck ur lil selfie with the normal passage of time...  .

There you go.. that's the spirit.. and a good start, even though I get the sense that you do not really mean it, but saying it frequently is going to help to get you there... little by little...

It is likely that you need quite a bit of work because there is some shitcoin brain washenings that seem to be stuck in your head.


I hope that you are not lying just to "fit in."  I had recently admitted when I bought my first 1.2486 BTC, I sent 1 BTC to a then existing exchange and bought something like 7 shitcoins for .84BTC  That would be .12BTC for each of the 7 shitcoins. 

Some other members here admit to much worse transgressions, and their stories become quite a bit more convincing because they explain how their experiences convinced them to get out of their shitcoin habits and their thinkings about shitcoins.. just say no... blah blah blah.


In other words, you are fighting the matter, and you are unable to really truly refrain from talking about shitcoins except if negative, and you should be able to determine if something is negative if you practice enough. 

You had already admitted that you were attempting to be "neutral" and "neutral" is not acceptable here.. neither neutral nor positive are acceptable here.. ONLY negative.  Just practice.  Maybe go to the mere every day and figure out a few negative things to say about shitcoins, and then once get used to practicing, then it will be easier here.


Yeah, but it is NOT on topic.  You can go state those lovey dovey facts in other threads, or if you are just incidentally mentioning such facts, probably no one will notice, but if you are trying to emphasize such facts in order to establish that if you had bought ETH at its initial offering in 2014 (or whenever that was), you would have outperformed BTC to date.. and you are trying to suggest something good about ethereum by selecting a specific scenario.. which is not acceptable here because it is NOT on topic.  No one is suggesting that you lie about anything.. that's for sure.  You can be negative about ETH without lying, and if feel some irresistible urge that you want to bring positive facts into this thread.. bite your tongue and take that nonsense somewhere else, even if your spin (pick of dates or whatever) happen to be true.. blah blah blah.


Good.. so there should be no reason to bring it up.  If any of us wants to look up such fact we can, but its not on topic here.



Now you are going into nitty gritty irrelevance regarding your supposed innocent motivations in bringing it up.  We (not even sure if royal or no) do not want to talk about ETH here.


Yes, many of us have, and I already said my part on this point.


Once they are in your grubby little hands, you have a choice about whether to keep them in the form received or to convert them..


That's my understanding of at least part of the situation but there was a budgeting issue too. .in terms of pulling the fuck you lever way before you made sure that you had a sufficient income and also accounted for BTC volatility (or whatever shitcoins you were invested in).


You do not have to talk about it.  Lot's of us make mistakes, and sometimes you are young enough to recover without having to engage in desperate measures, and sometimes people continue to make the same kinds of mistakes, and I am suggesting that you might be doing that by being too sympathetic to shitcoins, but my information would not be as good as yours in that direction .. and sometimes some people might need someone to tell them that they are making the same mistakes if they seem to NOT recognize it, if that is the case with you, I cannot be sure.
 

Once I split them and had control over them, then I had options regarding what to do and how to keep such coins.  I was actually hoping BGold was going to get up to .05BTC.. but I recall it had ONLY gotten up to .035BTC or something like that, and  when the BGold price continued to drop, I just put them in a kind of forget about it status... and I did not reconsider selling them... and recently they got up to about .002BTC, and i am not sure if that is enough for me to even bother.. but I suppose it does start to add up.
 

Oh?  It sounded to me that you were criticizing me for not being diversified enough into other projects... or kind of a vague criticism, but still.

 

Ok... that is refreshing my memory a bit... and yeah it does seem to be a bit of a mistake to live off of your bitcoins in such a situation.. and that could be one of those situations in which mistakes were made and they should be attempted to be learned from, even though they do have a pretty decent cost associated with such mistakes.

 

I would think that any of us should want to ensure that our BTC stash is large enough, and sometimes ensuring some fiat cashflow would be quite helpful.. and also, I frequently recommend that people get their various debts in order before engaging in considerably volatile assets such as bitcoin, but there are ways to attempt doing both at the same time, too.. but it can be quite expensive if someone has debt that is costing them near 20% a year, and that usually should be taken care of first and maybe figure out ways to get debt to be more manageable (if possible) such as 4% to 8% might be more reasonable.. but some people ONLY have high interest options, but sometimes such people can build up their credit to be able to get lower interest options in the future.
 

Many of us who have been in BTC for a while can make claims to having had learned quite a bit and in a variety of topics through our study of BTC... whether that is personal money management, macro economics matters, or having differing eyes on politics.
 

I was referring to some institutions endorsing Ethereum through the years.. and I think that my main point is that sometimes smart people can do dumb things, and maybe they will be proven to be correct.. I doubt it but whatever, let's see how it plays out.

 

There are gradations even within Maxi's so I am not really much for labels.. even though I suppose that some labels will fit better than others.
 

I am not much into idolizing various shitcoiners, whether it is vitalik or anyone else in the shitcoin space.
 

Well, I think also that sometimes thinking too much about shitcoins and reading about their nonsense is valuable too (meaning that it takes away value if you are spending too much of your brain power on figuring out what might be happening in shitcoinlandia.. even if you do not personally invest money.. and maybe that is what you are saying, too?)
 

Your tidbit about that part of hashcash did not come off as too positive about bitcoin.. but I already responded to that, anyhow.
 

Sure.  Some recommendations are more basic, and some are more involved, depending upon how interested such person is, and whether you have time to hold their hand through certain parts or if they are a self-starter.  So there can be a lot of variations including how much time that you might want to spend with one person or another, and for example, I have some people that I spent considerable time already, and iI am not going to go  out of my way to help them when I was already trying to be helpful earlier.  So I may or may not help depending on the circumstances, and of course, I may go into some detail and point people in certain directions, but I ONLY have so much time to explain things if they do not seem willing to do some leg work on their own.

Hahahahahaha....

He (eXPHorizon) needs to be woodshedded.  Taken to the woodshed and lurned until he actually "gets it", if that is possible?

No time like the present to get started into bitcoin, even if he has been failing/refusing to act (buy) since 2014...

That's a long time to NOT be buying bitcoin, so if anyone, including uie-pooie eXPHorizon, have no coins, the best time to start getting coins would have been yesterday, but the second best time to start getting coins is going to have to be today.  

You will thank us later, even if it takes 10 years or more to get you into a decent place - psychologically and financially...  You are not the ONLY one.  We have some forum members (and even active WO thread participants who have been in this thing for as long as me (7 years plus) who are still working to get to a comfortable place psychologically and financially and just keep plugging away with accumulation of BTC should be helpful, even if some "mistakes have been made" along the way.

Ps: and don't get distracted by shitcoins or listen to Dabs.. unless Dabs snaps out of his shitcoin positive spinnenings (which does not seem likely soon) because trying to weigh positive aspects of shitcoins is just going to get you reckt (sooner or later) rather than putting you in a good place with long term foundations (options).

Some things you should not try to rush too much, even though there might be ways for you to overallocate a wee bit, but if you go overboard on your "overallocation" then you might get a bit screwed (or under pressure) in the short to medium term.

I recall that around August or so of 2019 (after the dip from the end of June $13,880 high), the BTC price went down to $10k a few times, and I recall that I had been playing my little "system" for quite a long time, and I was getting a wee bit bored with some aspects of my system and thinking that I was not doing my fair part in accumulating bitcoin, so when the price dropped to $10,200 or something like that, I decided to make a decent sized "extra" allocation into bitcoin, and really the fact of the matter is that I could have had quite a bit more patience with that "overallocation" because it largely took about a year before bitcoin prices were solidly back to the $10ks and even having pretty good support at $10ks, so sometimes there can be a bit of frustration with overallocation decisions... because some cash is used up that could have ended up buying 2.5x more of the corn if more patience had been employed.

Also, I use the example of 30 years to get rich is a quite optimistic plan that might not even work out successfully for a lot of people in traditional systems, so if you can beat (or even end up halfing) the 30 year time line and also having actual measurable success, you are going to be way ahead of the game, and yeah some bitcoiners want to get rich in less than 10 years, and that just seems to be too BIG of a stretch, unless you are coming to bitcoin already rich.


Well, if you were to buy some bitcoin, rather than remaining a disgruntled nocoiner, then you might be inspired to quit smoking because you are inspired to live longer to enjoy your improved life - thanks to bitcoin.

If you remain a nocoiner, then you might not fare as well including remaining disincentivized to quit the bad habits that are likely killing you more quickly than necessary (presuming that you have some value to add to the world, besides whining about NOT having any coins.. MTGOX... blah blah blah).