The style is not really investing, is it?

A kind of attention-mongering pumpening and dumpening - similar to what McAfee does.. I cannot say that I am comfortable with such tactics that border on scamming people, even if they make the whole matter seem like a kind of fun lil game.  

When they are known like that and they are pumping and dumping are they going to get into trouble at some point?
 


I found that article to be coming at the late bloomer adoption matter from a quite interesting perspective, too.

Surely, some people just get bitcoin quite early on, and maybe some of us just happen to be in the right kind of place that we just start to hedge our bets in bitcoin and build and wait and the whole matter kind of just seems to be working out financially for us.

There are a lot of folks who come into bitcoin, but they get a bit distracted by shitcoins for a while, and then they kind of come around to bitcoin, so I suppose that is a second kind of category that still ends up getting into bitcoin and profiting from it.

We are so early, that a lot of these types are still evolving, and they might get into bitcoin and out and back in again, and surely value gravitation could take a decently long amount of time, because many of the temptations of the shitcoins can be quit provocative, too, and some of those guys are making a lot of money, too.. so that can also distract from the value gravitation into bitcoin.. causing the whole process and progress into bitcoin to take decades.. generations, even.

We are still early, boyzzzzzzzz  (and girl).   

Initially, I really liked the idea of interviews of various bitcoin talk members, but there is something that it a bit sterile about a written interview format.. so I cannot bring myself to read them, even members who I want to get to know better.  

I am thinking that starting a podcast might be a better format... but at least some kind of audio format... ...audio can be a  bit more spontaneous and a bit more tone based, even better if there were some options for voices to be disguised....

I understand that my comments might be coming off as a bit annoying.. but just saying what I am thinking about the likely difficulties that members (besides yours truly, perhaps?) might be having with written interview dynamics.  #justsaying

Apparently, d_eddie, you did not get the memo in regards to bitcoin being designed to pump forever?   


 




I don't buy it for one minute.   



I am sorry to call you out on this, but a guy has gotta do what a guy has gotta do. 

There is actual footage of the "cabin" incident, so there is that.

The end of the beginning has arrived.  


I thought that I might have been being a wee bit too macro by saying that we had been confirmed to have had entered into a bull market since May 2019.

Now you, AlcoHoDL, are one UPpening, my wannabe backwards compatible sorcery attempts onto a longer time horizon?


I am sticking by my more short-term statement, anyhow.. because I think that there is some kind of something in considering these shorter-term cycles that we have been seeing, even if such shorter-term cycles might NOT quite be captured within 4-year fractal pattern from here on out, but still there seems to be something that is getting into a kind of material importance regarding something in the ballpark of 4-year cycles.

I will concede that in the past year or so there have been a few times that the entrance into what appears to be our bull market, had been in a kind of questionable state of affairs... a kind of pending uncertainty.. so in that regard, price direction of our lil-big daddy has frequently gone into variations of tentativeness whether we are referring to the present or the past... but mostly more clearly characterized after we are able to put on our historical seeing pieces.


Are you feeling well, d_eddie?

You are supposed to be totally detached... at least that is what you used to say, in terms of the  BTC price could go up or it could go down or it could go sideways, bleh...

Hahahahaha

Maybe you fell off of your log cabin roof during shingle repairs?    


 


Seems a bit wishful, but hey to each their own, and hopefully not too much corn is being gambled in that seemingly wishful direction that might not happen.

Seems to me that BTC investors who focus too much on the amount of the possible BTC falls and the BTC corrections in the short term or long term, have a pretty high tendency to either fail to invest, to sell way too much too soon and to underinvest.

So, frequently, even if there have tended to be BIG ASS corrections in BTC-landia, the more prudent and sound of strategies has many times been better to just HODL through the whole thing - and of course, on a personal level, I have never really had any problem selling reasonably small amounts of BTC on the way up in order to provide some potential insurance for long and/or large BTC price corrections and also perhaps providing some psychological relief during times in which BTC price is correcting more and longer than preferred.

Of course, the concerns for ongoing and likely inevitable volatility continues to be a bit more problematic for new coiners who are attempting to establish their position, but I still think that NOT overinvesting and having at least a 4 year time horizon including following some kind of DCA'ing can help a lot of newbies through their initial investment period in which their BTC holdings may or may not be in profits - but more likely to be in profits if they continue with sound and prudent ongoing accumulation of BTC - even though nothing is really guaranteed, either, now is it?  but we have had good odds in our favor with BTC, and the future continues to look bright too, even if guys like you, Lucius, seem to be overly preoccupied with negative BTC price movements and unable or unwilling to figure out sound and reasonably prudent strategies to profit from likely ongoing positive trends that are likely to continue to come to BTC (though not guaranteed, like I already mentioned).

What a pessimistic picnic bear...

Did not realize that you are a Tether FUDster, too.  

The picnic bear wears many hats!!!!!!!!    


Oh my!!!!!!

These days, guys should consider investing into bitcoin to be 4 years or longer.. of course longer than 4 years is even better.. and so I would question considering anything shorter than 4 years as seriously being long term.. while at the same time, guys who invest into BTC have complete discretion over his investment choices and timeline, so even if a guy might come into bitcoin with a 4-year minimum investment time horizon, such guys can choose to exit some or all of his investment before the 4 year time horizon has run.

Faketoshi version will probably fork a few more times too in the coming years... Remember faketoshi is engaged in a campaign to show that he is the rightful owner of a million or so coins, even though he does not have the private keys... Remember in faketoshi's view of the universe, having the private keys does not matter, so his devotees are going to agree (well maybe not all of them) to a forkening in which faketoshi gets his rightful million coins or so... that he "deserves".. Couldn't be a more "deserving" guy than faketoshi, could there be (oh yeah, calvin is pretty damned deserving, too, right?  and of course, the faketoshi team will get some spoils, too, right?  how else would they stay devoted through thick and thin?)?

Hopefully you did not sell too many of your coins Beyerd17, hoping for lower BTC prices that might not happen....

People buy BTC now, because lower prices might not happen..  and frequently it is better to act to save yourself rather than waiting for someone else to save you.

Sure, lower prices might happen from here, but they might not... We have been in these situations many times in the past in which people failed/refused to buy coins because they speculated that the BTC price might go cheaper, and it did not.

Good luck waiting for your cheap coins, you may well need it.   

Fake news.

I don't believe that the dude can do that.   

There is more than one?








Hory sheeeeiiiiittttt!!!!!!!    

Fair enough in terms of being able to ONLY do what you are able to do. If you are relatively young, then you have a lot of years to allow your investment in bitcoin to continue to grow, too.

No need to wish for down BTC prices, merely just continue to invest in BTC, maintain a plan for up, down and sideways by continuing to dollar cost average investing, buying on dips, HODL.. and maybe even shave a bit off on higher price swings, while continuing to work on implementing and tweaking your plan along the way to the best of your abilities to attempt to accumulate as many BTC as you believe is reasonable for your situation - including if you would like to arrive at some kind of "fuck you" status, some day in the future.

Rebels come in lots of forms such as the infinite loop of a cat NOT wearing a hat that have a cat NOT wearing a hat on the hats that they are NOT wearing.

I am trying to forget those times....


hahahahaha  - not really...


But, hey, considering BTC price bottoms, you had seen that PlanB tweet from yesterday about the 200Weekly Moving average? Dude posted it, below.


Can't we have some assurance that the bottom is in (or at least the bottom keeps moving up)?  So, in other words, maybe we can feel a certain level of confidence that BTC prices are not going below $6,400... so even $3k or sub $200 is even more out of the question - into the rearview mirror... and with the passage of time, we can start to feel even more confidence regarding even higher and higher bottom BTC prices... because the bottom keeps moving up with the 200 week moving average, no?

Here's the chart from that PlanB tweet:

I love having a day named after myself...

Exactly!!!

aesma registered his account before me, so there have been a lot of opportunities to buy and stock up on BTC, sats or whatever since early 2014.

And, rooting for down BTC prices... especially in this thread, and 50% off sale, again?, at this point in the cycle?....    deserves punishment; that's for sure.

How am I feeling about aesma, right about now?

There are not too many hypothetical people who are that dumb, who bought BTC at the peak price in late 2017 or early 2018 and sat on their hands for nearly 3 years.  Either those likely weak-handed diptwats already sold their BTC, or they continued to buy BTC over the past nearly 3 years, so their average price per BTC is likely quite a lot lower than $20k and may well even be quite a bit lower than our current BTC prices.

Furthermore, even if there might happen to be some dumb people who fit in that category and are planning on selling in the ballpark of the previous ATH, they are likely to be way out numbered by buyers, so sure they can sell, and we have seen how this has played out in the past when BTC returned to previous ATH prices and just zoomed past such previous ATH prices at a relatively quick pace.

Someone who is an accumulation stage in their bitcoin investment would be dollar cost average buying into bitcoin (and perhaps buying on dips), and such person has had 5 months of income that has come to them since March.  Therefore, such person would perhaps have money now that such person did not have in March, but presumably that person has been buying BTC all along with a portion of their income that is comfortable for them and depending upon which stage of the BTC investment that person happens to be.

If such person is in a btc accumulation stage, such person is accumulating until s/he gets to the point that s/he feels that s/he needs to be... whether that is a 1% BTC allocation, a 10% BTC allocation or some other amount that is comfortable to such person.


Currently, as I type this post, "we" do not know whether BTC prices are more expensive now as compared with the remainder of the year.

If you think that value gravitates into an asset based on its ability to be a good payment system, then maybe you should go invest in a credit card company.

In other words, we can agree to disagree if you also don't understand the value proposition of bitcoin in regards to its sound money aspects.



Your line of argument is coming off as a bit of gobbledy gook and weird-ass framing.. like the largely incoherent and inconsistent talking points that shitcoiners like to present for the bitcoin 2.0 nonsense.


Let's not. If you believe that bitcoin is enslaving you, then you cannot appreciate the additional options that it gives to you.



Average person is also motivated by gresham's law principles once he is exposed to assets or currencies and he can choose which one(s) to spend first and which ones to save.


Sure it is possible, but why preoccupy ourselves with that nonsense right now, when there isn't anything that even comes close.

Oh?  You want to create a shitcoin that is better?  It does not work like that.

Bitcoin is not merely technical, but it is also network effects, so if the network effects move over to your shitcoin, then sure that shitcoin will become the new bitcoin, but at this point there aren't any projects that even come close.. but hey, if you want to diversify into various shit products in order to hedge your bets, then suit yourself.. no one is stopping you.  There are a few thousand of them available, and since you are so smart in regards to what everyone is going to want, you should not have any problems picking out which shitcoin(s) to pick out instead of bitcoin.


Yeah.. right..

Nonsense...

There still is nothing that even comes close to a bitcoin competitor.. but whatever, if you have identified such bitcoin 2.0 characteristics, then you should not have any problem to identify which coins have those futuristic features..


With bitcoin, the masses do not need to be fooled.  it may take 100 or 200 years for value to gravitate into bitcoin, but it will gravitate with the passage of time... and you can choose accordingly. 

By the way, I could give less than two shits about what happens 100 or 200 years down the road, because likely I won't even be breathing in 50 years, but in any event, when we are presented with a gift horse (bitcoin) that does not come around too often, then we should recognize such opportunity.. but hey, you have the choice to NOT recognize bitcoin if you do not appreciate the value proposition.  that's your complete choice.


You may need to look into the matter a bit more.  There is a lot of good information about bitcoin that is available, including on this forum and surely some information is better than other information...

Nonetheless, if you cannot figure out how to distinguish the good information from the bad information then NOT sure what can be done about that.. except maybe you can just continue studying and hope to get better at it..


I agree that there is a lot of bad and misleading information out there.. so it would not be very smart to be allowing bad information to mislead you... so sure, I agree that it can take a bit of time to be able to figure out how to distinguish between good information and bad information.


Me too.

I actually have been around a lot longer than 2013, but I only started looking into bitcoin in late 2013.




A couple of things.

If you made mistakes you can attempt to learn from them and act upon such learning to change your approach.

I would not conclude that it is necessarily a bad thing to have fewer bitcoin as the price goes up, but it is likely that you should try to develop a system that is both tailored to your own  situation and attempts to learn from mistakes that you have made... (that is if you had made any mistakes)


Sounds good that bitcoin went all the way up to $1,300 and it also went all the way up to $20k... you seem to be focusing on the dumps in a negative way rather than appreciating how much price appreciation had taken place..

And, BTC prices are currently in a great place, too, even though some peeps might be complaining that it is only about 60% of its high point...

There are ways to take advantage of BTC volatility and also to make money from an asset that has been going up without getting too emotional about it... but sure, maybe it takes a bit of time to figure out a strategy..

Part of my advantage of coming to bitcoin in late 2013 was that I already had a decent amount of capital and I also had about 25 years experience of various kinds of DCA investing .. so applying some variation of DCA investing to bitcoin worked out pretty damned well, I would say. 

None of my other traditional investments had appreciated so much in value as did my bitcoin investment, and largely my traditional investments had averaged around 5.5% per year in their appreciation.  Sure some years were better than others, but overall the average return was only about 5.5%... but at this time bitcoin has returned nearly 15x over my nearly 7 years investing into it...   Yeah, at some point, on paper, I was probably up a bit over 25x, and when the BTC price dipped back down to around $3,200, I was probably only a bit more than 4x UP, but overall the strategy DCA'ing, buying on dips, and accumulating BTC has worked out quite great for me.  Difficult to complain in terms of how bitcoin performed overall and that I had a sound investment strategy to approach BTC as a long term investment - not something that is a gambling machine to try to time the market and losing prospect bullshit like that.



Hopefully you have stopped playing around.  I have heard from a lot of forum members over the years who don't seem to appreciate how to approach a long term investment and they end up spending a lot of time trading btc or fucking around with shitcoins (believing some shitcoin might have some better value proposition.. blah blah blah) and trying to time the market and end up making themselves worse off than just employing a more simple approach that is BTC focused including: DCAing, buying on dips and hodling.. .. sure you can sell small amounts along the way when the BTC price goes up, but those amounts sold on the way up should be really small amounts, and not fucking around with selling large amounts of BTC.. that is just stupid.. and is just gambling (or playing with fire)



I am NOT going to argue with you about this point.



Sure, but you should be tailoring to your objectives including your timeline.

If you are looking to retire or you want to achieve fuck you status, then you need to accumulate enough of a principle in order to generate a passive income off of the principle.

So, sure you should be able to figure out what your goals are and how much you need to reach, and I agree that the calculation should not necessarily be about how much profits you make, but sure, I can see tha tyou are still caught up in some bullshit ideas of thinking that you have to cash out your profits into cash, which is also a problematic way of considering your profits in cash rather than just continuing to cash out of bitcoin incrementally once you reach a certain principle or you reach your value accumulation goals.

For example,  if you believe that you can live off of $3,333 per month in passive income, then you need to establish a principle that is worth $1million to be able to cash out 4% per year 1% per quarter or $3,333 per month.

So, yeah, if bitcoin is volatile then you have to take that into account in terms of your value, and you should be accounting for how much you really need for income, including various emergencies etc.. and cost of living changes... so having a cushion should be a consideration.. and you do not want to get so paranoid, either that you have to create a cushion that is so damned high that you are never going to pull the fuck you lever.



I am more in favor of incrementalism in terms of my BTC rather than selling all of it, so there are ways to sell small amounts on the way up and also to never run out of bitcoin to sell if the BTC price keeps going up and never run out of dollars to buy back if the BTC price keeps going down.

I think that there are ways to also start to cash out BTC when the time comes.

So initially BTC investor will be in an accumulation phase until he achieves his accumulation goal, then he will transition into more of a maintenance mode, and then finally later he will gravitate more towards being in a liquidation mode.. but none of these phases would mean selling all of your bitcoin, unless you have some kind of impending death or some strange thing that screws up your timeline in terms of being able to carry out incremental liquidation that would be at 4% per year .. approximately... which would largely be a perpetual kind of system that allows retention of value.... and only becoming more aggressive with the cashing out of bitcoin under that kind of system if death were impending or some other major tragedy that causes a need for total liquidation of wealth.



BTC holds value more, so you have to consider a system that you do both, once you start liquidating you keep some in cash as you need it.. approximately 4 % per year.. otherwise you would mostly just keep accumulating the BTC.


Once you get to your accumulation goal, then you can maybe be a bit more neutral in regards to which one you prefer.. because you should be able to just cash out BTC as you go along once you get to a certain level.


That's good.  I suppose.


I believe that I largely reached my accumulation goal by the end of 2014.. but I did continue to accumulate through 2015 and part of 2016.. so I kind of over accumulated, so I don't know.. maybe maintenance and a bit of liquidation might be o.k. too.. even though I really have not gotten into liquidation, yet, I am not as eager about accumulation.. but I understand that each of us will be in a different place, in regards to if we are still accumulating, maintaining or liquidation and sometimes they should be consider to be on a scale rather than absolutes stages, too..


Once you get passed using BTC or fiat for basic needs like food, housing, utilities, transportation, then you move towards being able to use BTC or fiat for more discretionary items like hookers, lambos and blow... so there are levels in the kind of consumption that you need to do and what you want to do.

hahahahaha

What a bunch of nonsense, Beyerd17.  You don't even seem to appreciate what bitcoin is, or from where its value comes.. Do you really believe that bitcoin's value comes from fast and cheap transactions when having actual power over the HODL or sending of your value (while it is maintained as secure) seems way more powerful to me.  Think about moving $20k, $50k, $500k, $20million, or some other meaningful amount of value across jurisdictions with multiple hops and maybe over the span of a few months for the overall multiple hops.  How are you going to do it now?  How are you going to do it in the future?  Would you rather get permission or to try to sneak the value with traditional means.. or would you like to possess fuck you status?  Any coin, asset or currency come close to bitcoin in terms of such power?

Anyhow you are spouting out some nonsense shitcoin talking points... or are those BIG blocker talking points?  Difficult to know which shitcoin pumpening camp you might be falling into with your lame-ass bitcoin shaming and your baloney expressions of hopium regarding bitcoin's speculative demise when there is absolutely no competitor to bitcoin that even comes close, as I am typing this post... Go ahead.. name one?  Go on.  You got anything besides amorphously vague allegations regarding bitcoin's purported deficiencies that are largely meaningless and immaterial towards bitcoins ongoing value proposition?