Good thing to think about the matter before pulling such fuck you lever.

In other words, it is almost as bad as a mindrust, but not quite, to be pulling the fuck you lever too soon.


Exactamente!!!!!!  That is what I was trying to say.  



That is another way of thinking about the matter.... I suppose.



Generally, it is not good to have good spirits about selling, even though sometimes there might be some necessary evil in shaving a bit off the top.

Seems that remorse is a preferable selling disposition, if saying anything at all about it.

Something like this might be acceptable;  Perhaps?:

Hahahahahahaha

I am glad that I ratcheted that information out of you, sirazimuth.  



 


Look at your handle.

You are mother fucking rdbase... Who else would you be?

 


If we all perceived price in the same way (directed at 600w's comment, not so much at LFC's), there would be no market.. or no need for a market.

Every asset has this same issue regarding differences of opinions about price, and of course, more mature assets are going to experience way less price movement or even dispute about where they should be.

I am not sure whether your above statement is accurate - because normies seem to run into all kinds of dilemmas regarding how to go about doing something like reallocating what parts of their assets they have liquid or invested into various assets that have varying expectations of future value.. In the end, many of us are going to strive towards following gresham's law, but still the devil is in the details in terms of how much value we might want to have just sitting (and not really seeming to be working for us).




Hopefully, all that works out.. We know that there are really decent plausible BTC price projections, but we should also be prepared for scenarios in which the projections do not play out anywhere in the ballpark of expectations, no?


Sure... attempting to play BIGGER price swings is a lot less stressful, and a lot more practical in the sense of assurance that you are letting the price come to you rather than attempting to get ahead of the price (when you have little fucking clue about what the price is going to do).


I think that it is fair for you to clarify that part, and maybe my comment was directed more publicly rather than at your own specific situation, and many of us do appreciate that the longer that we are in bitcoin, the more likely that we are in profits and the more likely that our "overinvestment" into bitcoin is not detrimental to our own psychology or our finances, because even if we were to sell decent chunks of BTC at the bottom of a significant price correction, largely we still would be selling into profits because our investment time horizon has been so long and we have exercised an ongoing long period of delayed gratification that gives us considerable flexibility, including the fact that we may be faced with less preferable situations of having to have to sell a decent amount of our BTC stash at a less preferable time (such as during a seemingly large price correction).

So, yeah, I was not really attempting to proclaim that you, Paashaas, might actually be in a situation of both overinvesting and also NOT being in profits... and surely a mindrust kind of situation is amongst the least preferable in terms of being overinvested and then feeling as if you are being forced to sell at a time that is neither of your preference and hardly any kind of a profit cushion contained therein... so probably for any BTC HODLer, getting past at least one exponential cycle can bring some cushion, but even more cushion if such HODLers are able to achieve getting past a couple of exponential cycles (we know that such exponential cycles have happened in the past and we are hoping such exponential cycles are going to continue into the future.. while hopefully being in enough of a reality to appreciate that continued upward exponential cycles are far from guaranteed even if they seem to have decently high probabilities of playing out).

By the way, I appreciate that quite a few longer term active members of the WO thread realize that part of my strategy in BTC has been to be a bit biased in the "overinvested" direction, so I can personally relate to a degree of both being "overinvested" and maintaining a kind of ongoing "overinvested" state of being.... ... however, at the same time, there are degrees of overinvested that are within reason and prudence and NOT being within reason and prudence... so any of us who maintain some level of "overinvestedness" need to continue to be cognizant of both the upside and the downside of our investment, including that bitcoin can go to zero and we better be willing to live with that outcome in terms of making sure that we are still going to be able to house and feed ourselves and to maintain some basic minimum psychological well being standard of living aspects in the event that bitcoin were to spiral down in such a direction with our plans in place.. whether it is to ride the whole damned investment down to zero or if we do actually have some points in which we are going to cash out portions of our overinvested stash in order to preserve ourselves (and a real down to zero situation may well not even allow us to cash out much if any of our investment, so we should be in a situation, both financially and psychologically, to accept that kind of situation, too)

Defi seems to equal a kind of get rich quick attempt.

The creativity and innovations of defi seem to be that there has been a kind of algorithmic design of a ponzi scheme.

Sure defi is innovative in the sense that they are taking ponzi's to a new level, and maybe there could be some products in there that are possibly useful in some kind of abstract way, but the essence of a lot of it seems to still be a kind of fancy ponzi scheme, no?

You seem to be onto something, gentlemand.  Troll tards, such as sgbett, go extreme in one direction, and if that does not seem to be working out for them, then they go extreme in the other direction.

So yeah, I tend to agree that $500k does seem to be a bit on the outrageously UPside for what might be possible for this particular cycle and would likely end up being quite an apparent "blow off top" with negative ramifications, if it were to happen to such levels...

On the other hand, we do have a lot of weird things going on in the world (macro environment) currently, too that could contribute to the happening of such outrageousness.

I have been kind of having a tentative viewpoint that if BTC is going to continue to experience exponential rises that take place in a kind of 4 year fractal... then the extreme of the UP seems most logically going to gravitate towards playing out with less and less extremes.. but yeah, if we are measuring in dollars (fiat) then the fiat could be a poor measurement in terms of solid value so maybe we have to measure in terms of goods and/or services .. hookers, lambos and blow would not be as good of a measurement (because discretionary and luxury) as a basket of goods and services that might be more representative of basic needs such as food, housing, utilities (energy), commodities (such as steel or building/equipment supplies), communications (technology), transportation, and guns/butter (o.k.  I am being a bit flippant)... something like that.

Oh gawd...  

Guys!!!!!   Listen, bitcoin is going to sub $2k, but it might well go to $500k first, in its last ditch impending death spiraling efforts.

That makes a lot of senses.....  

You are covered with your "insightful" prediction no matter what happens, right sgbett?

You may be correct philip, and calling under may be a wee bit of a safer bet (something like 45?) in accordance with BTC price movement that happened after the time of your post.  

I presume that you would not be complaining by the happening of a number that is lower than 46 (or would that be higher in terms of what lower number represents)?


An approximately million dollar question might be witnessing the extent to which some of the gaps between 1 and 46 might be getting filled in the coming weeks or months or does our good lil buddy just start to make new red placements in the higher than $19,110 price arena?

 1    2017-12-17  19,110  
 46  2019-07-08  11,944

I am suspecting that a decent amount of filling some gaps is going to keep yefi employed for a while in the near future, but hey, our lil buddy does seem to have a way of sometimes going beyond expectations, even when on the peripheries we may kind of expect such outrageousness, too.. which seems to be a bit of a product of its ongoing "immaturity"... not meaning "immaturity" as an kind of insult   - - the little brat.

Edit:


Largely, you seem to have answered my earlier question of you (after I posted the above.. my drafting session was happening too long.. I guess i had gotten distracted, for some strange reason)...

Well, yes.  We have shitcoiners, governments, traditional financial institutions, and regular peeps underestimating both bitcoin's network effects and a kind of power that bitcoin is offering to the world, which you summed up bitcoin's path forward quite nicely with an "approach to focus on security, self-sovereignty, and censorship-resistance"....  as many  of us studying the bitcoin space recognize as a powerful kind of ongoing bitcoin focus that is not offered by any shitcoin, government, traditional financial institution or any other currently available asset class.

Definitely various stressful times come to each of us in different ways, and one of the reasons that we frequently proclaim that BTC HODLers should not over invest into bitcoin is because emergencies and unexpected situations can  come about, and it appears that you have means beyond your bitcoin stash to help you to transition through some anticipated difficult times that are coming in your particular situation.

None of us are going to have all of the solutions, and sometimes emergencies will go a bit beyond our expectations into worser case scenarios - and maybe that is part of the reason that so many people do end up having a decent amount of wealth at their death because they really do not know either how long they are going to live or whether they are going to need some of their stored wealth for some additional emergency situations that go beyond what they were expecting...

By the way, a lot of us are fucked up in travel plans and travel planning, and hopefully there will be options in the year or years to come when you are planning to go into more of a travel mode, Paashaas.. and many of us are hoping too (of course no guarantees, either) that BTC prices are going to be in a place that we are able to either use reasonable amounts of our BTC along the way (Jimbo style) or to make a variety of strategic scalpenings (shave off some profits) at various high BTC price points.

I am glad that you have your BTC too, that you did not make any major mindrust-like mistakes along the way (so far) and I feel for you in some of your recent high stress situations, too... and hopefully you can continue to stay strong though these times (whether it is health, finances and/or psychology), which can also be very helpful to people around you, too.


hahahaha

that's kind of what I was trying to say.. but i used more words.  

There is no off topic in the WO thread.   You know that, you disingenuous fuck.

Do you believe that I had been making some kind of novice proclamation regarding shitcoin talk in the WO thread?  Like as if any of us do it here, besides dweebs like yourself and trolls/shills?


So?  How is that relevant to you pumping shitcoins here?


Yes... attempt to defend your nonsense with distractions that make little sense and not backed up by actual reality.


Was I claiming to know anything, or are you just engaging in more diversion?


Finally, you say something that makes a bit of sense.  drop the mic




Sure.

Part of the problem with shitcoiners and a lot of traders is that they are frequently trying to rush the slow grinding process of getting richie.

I would not argue that there are some techniques to building wealth that can be employed strategically from time to time that might allow for some acceleration of various aspects of the process or even some skipping of steps due to luck or finding great opportunities at the right time, etc., and frequently these kinds of luck opportunities come from a decent amount of ongoing preparation and solid building of the underlying foundation.

Many of us already appreciate that Bitcoin is already one of those quickening of the process of building wealth opportunities (also sometimes merely categorized as an asymmetric bet), so if any of us becomes too impatient by how quickly our wealth is being built in bitcoin (especially these few year long down or flat periods) and try to quicken an already relatively quick process, then guys (and gal) who perceive their situation in that kind of impatience are likely to end up screwing themselves without having self-screwing as their intentions.

Patience remains a kind of virtue, as the expression says, but patience is also a reasonable wealth building strategy that can be weaved into the creation of more and more options as the wealth is built larger and larger, which is likely to lead to more success with ongoing practice, even if sometimes it is NOT seeming to have direct payoffs in some of the shorter time horizons.

I'd calll it like leavin out a few idea..ers, hearie and deerie... ..                 kind of a slippin of dee ...______ .. sys... . op

....

  "stability" of dis times must'ed be messin wiss      zee flow?

 

help, lil fiend..... hewp!!!!!!  

I would rather that you snap out of it bay area coins.. and/or take your baloney shitcoin talk to some other thread, if you feel some kind of uncontrollable need to make googlie eyes at that crap...   This is not the place for such.. ... stubborn fucktwat.

You must be new here.  We do not talk positively about shitcoins in these here parts, even if you can find ways to attempt to positively spin such nonsense.. shitcoins are both irrelevant to talk positively about them in any kind of way and also a slippery-slope that cannot be tolerated.

You deserve one of these, BayAreaCoins:



Take your punishment, and don't be fighting it!!!!!   

I hate to devolve into too much shitcoin discussion too, but in the way that you raised the topic, sirazimuth, there seems to be a decent amount of a relationship of what you said to this bitcoin topic & this thread in that the substance of my question back to you had to do with looking at the idea of going from the various shitcoins into bitcoin, rather than whether you got into or out of the shitcoins at the bottom, middle or top.

Of course, you would probably be considered MOAR of a legit bitcoiner if you get the fuck out of any shitcoins at the mere small sign of any profit, or at least to NOT be taking too many chances riding them for very long when you could, instead, just get into bitcoin within a reasonably prompt manner with some amount of value.. and some profits, even better.  

So in that regard, very few of us would find any fault if you were to sell some or all of your shitcoin too soon.. and to thereafter get into bitcoin with the value.

But the essence of my earlier question seems to still remain unanswered, which was about whether you had actually put yourself in a worse place by just getting into bitcoin, rather than staying in the shitcoins... what is the comparison analysis, to the extent that it is not too pumpening of shitcoins to disclose it?....

Hey, you know that with bitcoin many of us could be kicking ourselves for NOT selling some of our coins at $19,666 and still at any price since December 2017, we would be in profits to buy back at a lower BTC price, but NOT too many regular WO peeps are even very preoccupied about that $19,666 price point these days, because there remains a decent confidence from a large number of us that we are returning to those $19,666 prices and even higher, soon.^tm

Punchline question: Are you feeling like you are underperforming in some kind of way by being in BTC rather than being in any or all of those various shitcoins.. apart from your missing out from selling those various shitcoins at the top of their various shitcoin pumpenings.. which selling at the top of a shitcoin pumpening would be nearly an impossible expectation to put on any mere mortal normie to actually sell any shitcoin(s) at the top of some shitcoin pumpening?  There even would likely exist some skepticisms of you if you actually were to have sold some or many of any shitcoins at the top of their respective pumpenings.


You deserve it, and probably I am in the same boat...

Each of us may well need to engage in our own purging exercises just to attempt to rid ourselves of such shitcoin-talking temptations...

Speaking of BTC prices - how novel, in this here threadie - we are looking at about a 4 hour window before the weekly candle closes, and sure currently in the greenie with about $131-9 cushion... So, what I am saying is that the current BTC price, as I type, is bouncing around at $11,831-9 - but if the BTC prices remains above $11,700-ish at the close of this week's candle, then we would end up with a green weekly candle for the closing week.. which would thereby cause 4 green weekly candles in a row...

NOT sure if that is bullish, bearish or just neutralish... but still.. observing away, as we do here, from time to time.

Thus, I will observe and proclaim, like many others have already carried out some variation of this, that our ongoing bouncing around in the top of our current range is NOT necessarily a bbbbbaaaaaddddd thingie-ma-jig.

In that respect, I am going to pronouce that our odds for breaking UPpity are slightly greater than our odds for breaking downity.. maybe I will be so bold as to assign in the territory of a 53%-ish arena to such call... whatever that means in terms of my own lame-ass attempts at wannabe baby sorcerer status.  Whoazzaaaaa!!!!!     

I don't want to prod you into screwing up your opsec, including specifically establishing the size of your BTC stash more than you have already vaguely revealed, sirazimuth, but you seem to be suggesting that you might be worse off currently for selling your various shitcoins because you sold them at very low prices, or something like that?

I thought that overall there could be some ways in which the some random traders could trade shitcoins for bitcoin and then be worse off... but wouldn't that merely just be some kind of issues with trading and timing with trading rather than implying that it might have been better to be hanging onto various shitcoins for long term periods - at least relative to bitcoin?

It may be a bit of a fruitless effort to explore too much those kinds of speculations in regards to timing the trading of assets (or crypto or shitcoins) back and forth in and out of BTC for other assets, whether we are referring to shitcoins or selling for consumer goods or even trading back and forth for dollars, because the punchline still does seem to be that most people who focused on merely accumulating BTC and not really selling their BTC (unless they replace the BTC that they used to buy products almost right away) are generally doing pretty well off, as compared to traders or attempting to time the market by selling and trying to buy back lower.

On the other hand, there may be some decent examples of some BTC traders who sold some or all (even though most of us recommend not to go "Full" fiat) of their BTC higher and bought back lower, and probably those kinds of examples are mostly around trading on BIGger price swings rather than shorter-term play attempts, no?

Hey, surely I am not against some use of expertise or even some kind of official-dome in terms of attempting to manage aspects of my estate, to the extent that I might employ enough foresight to attempt to list out my potential beneficiaries and to have a decent amount of my information in order at the time of my expected exit from this here world (and wo thread too), yet even though I was picking fun out of xhomer, a bit, I can also appreciate some level of push back regarding using the services of a lawyer - because in bitcoin we do not necessarily need permission to accomplish these kinds of transactional and transitional matters, but some kind of official-dome could come in handy - especially in the event that we would prefer that our estate gets passed on to whomever that we had chosen (or in line with our intentions and preferences) in a most-timely fashion rather than either going to the wrong people or getting caught up in litigation or some other delayed transition process...

Many of us likely appreciate that in reality, a lot of times, lawyers do end up getting involved in the various kinds of estate matters because the estates might not have been even set up very clearly from the start, and in that regard, as soon as some potentially left out (or ambiguously situated) heir figures out that there might be some attempts at private transfer of assets to some insider situated other heir, then shit could hit the fan and lawyers have become a bit of experts on sorting through some of those kinds of estate battles, whether the sorting ends up in negotiations or end up being actual follow through with the filing of legal claims.

I like it.  Only $9.

In terms of closeness to the previous AYH on the 10^th, we had been running a very tight one in the most recent 24 hours ...

 47  2020-08-10  11,882 
 48  2020-08-15  11,873

A real nail-biter.

Can't argue with you there.


This too... agree.


I gotta quibble here.  I am not going to doubt that there are some outlier cases that bought at the top and just sat on their hands for more than 2.5 years... but that really is not a very smart strategy to just let their investment sit without buying some more..   I don't have too much sympathy for these kinds of folks, but there would be a decent amount of respect for anyone who actually makes sure NOT to sell at a loss, even though part of the inclination is going to be to cash out way too much too early once their holdings get into profits... again to the extent that this hypothetical (and likely over-represented) investor actually exists.




Well, I am going to have to give you the same exact response that I gave to xhomer.. except making my response with an image rather than words.

O.k.  don't pass it onto the lawyer, pass it on to your beloved brother billy..  When you are dead, you are not going to fucking care if billy is irresponsible, drinks a lot of billy beer and cannot keep any of his affairs straight because you are dead... so yeah... billy gets the coins to distribute to your heirs or whatever is your estate instructions to him in the letter that gets opened after your death rather than the ratt lawyer...**



**By the way, I was just using lawyer as an example.. so I am not sure why to get so worked up over specifics that would have been within your complete and total discretion, anyhow, including neither consulting with or using a lawyer to handle your legal needs.. or whatever you discretionarily choose to do.