Sadly, i can attest to this. Stayed in a "free" hospital last year for a week (after i have checked out on "on your own risk"), before they would have actually killed me with misaligned medicine - a dose of glycocortisole 2.5x more than the max my body weight should have allowed - 0.7mg/kg-1.0mg/kg is the "normal" dose - , which i have learned through my smartphone while literally spinning in my bad and bleeding through my sheets due to the waaaay overdosed drugs...and when asked the nurse about "is this infusion really necessary, i have already got one in the morning, she had to check the sheets and said, oh well, no,  you are right.."
Socialized medicine=DEATH; no incentive to do good=no fucks given. 5 of us was in the room, and we were actually browsing med sites; we had to protest against meds cause those were obviously detrimental due to sites like Myo clinics and other sources. One dude had to show pictures from google about his skin leasons to the doctor to prove he does not have "aids", and after 3 days of steroids he was healed...

Free healthcare is a joke. Just as anything "free". Competent people work for profit, obviously.

Priceless!
Wealth will always go the top >5%, because IQ is distributed in a Pareto distribution. Just watch videos on lottery winners, 95% became broke in a couple years do to their stupidity. There is no societal structure that will uphold "equality" - 100 years of failed communist experiments are a great lesson for this - on a 100+ million dead bodies i might add- , since people are not equal by biological reasons.

Yeah, this might sounds non PC, but reality proves this, time after time. Hence the resistance of losers, aka socialists against every wealth producing devices, which are based on: information gained before the masses, affinity for risk taking, willingness to learn new skills.

From https://en.wikipedia.org/wiki/Nobel_Memorial_Prize_in_Economic_Sciences:
"The Prize in Economics is not one of the original Nobel Prizes created by Alfred Nobel's will."
"The prize was established in 1968 by a donation from Sweden's central bank"

'nuff said 

I have this urge to reinforce the HODL sentiment once again, hope my arguments are solid 

First, the amount of FUD recently are laughable after a near 20x increase in ATH in one year.
Second, when my hairdresser asked "is it too late to invest", i replied, "well, depends what your goals are, you might only get a 10x-100x wealth increase in the next 5 years".

There will be no 2 years long bear market like the 2014-2015 one - no more slow accumulation for us, sob sob.

3 years ago, no one in my friends&family circle know about bitcoin -i guess this is the same experience for most of you - not even conceptually. Now, cab drivers, my hairdresser, the guy who fixed my water heater last week, etc. had at least some basic concept about it when i "accidentally" made it into our conversation. Close friends actually asked about "how to buy in" and two of them actually
did, back in 2017.

The number of hardcore hodlers must have risen by a 100x folds since 2014, at least in my estimation, based on everyday interactions with "average people" around me. Do not underestimate:

- the power of network effect, where a small enthusiastic minority inspires those around them, and expectations about success serves as a self fulfilling prophecy;
- the power of FOMO/and greed on people with low financial education - which is the majority, hence the success of frauds like bitconnect, and other scams;
- the power of all those high value investors, who have billions to loose, if bitcoin fails; they have a massive amount of lobbying power to keep this thing alive, alas, going to zero,
is not feasible. Think not only monetary wealth, but all the countless work/study hours went already into the bitcoin industry by thousands of people!

The geine is out of the bottle so to speak, once bitcoin - and cryptocurrencies in general - reach formal (means widespread societal status in the minds of the masses) recognition as a new, solid asset class for the Infomation Age, FOMO will intensify.

Sadly, i agree, with the addition, that even those who i know has the "hardware" (the 115 iq+) have this attitude of " oh no this is out of my field, i shouldn't". I really like bitcoin, it is a true interdisciplinary subject, where you have to incorporate different fields of study into a single, complex idea. That requires genuine interest to reach knowledge, i think THAT is what missing in the "average". That is why i start to accept the idea, that it is no coincidence, that wealth/creative production capacity/high quality sexual mates etc. are spread in a Paretio distribution. AKA, most people are just too lazy mentally.

It is sad, that this major shift in the societal construct what bitcoin offers - just like the internet did to us on a global scale - goes the same way as everything else did before: the curious, mindful, and risk taking are reaping the benefits, and the masses will lag behind as usual. Guess that is why they are the masses  

You have done well :-)
Without sounding prudish, in my experience 95% of people has no concept of long term planning, they act on basic immediate emotional impulses - that also explains these panic sell periods - which are so far has been always corrected upwards in the long term. Like, why would anyone, who is in for the long run and trust the principles of bitcoin would sell on a flash crash out of fear?

It has been proven many times, that day trading on sudden swings based on fear/greed leads to a net loss for more than 90%+ of the participants (net value gain is in a https://en.wikipedia.org/wiki/Pareto_distribution, hence the long time strategy is hodling). i have found that studying psychology/philosophy of humans are more rewarding in economic endeavours than economics itself...

That might be the case, but, from my personal experience, it is mostly BS. I did not earn a lot (eastern eu. country), i cut back on my spendings - like a LOT - to put it in bitcoin. Most people waste money on shit. New clothes they do not need, all kinds of social indicators of wealth like newest phone, car, jewelry etc. I have talked to some of my friends about investing in the long term back than; they have rather spent several bitcoin's price on vacations in 2015/2016, so they can post a facebook report on "look, my life is awesome". Now those vacations costs 15x-20x in bitcoin price :-D

I HODL.

2017 was a game changer, today my hairdresser asked me about "how to bitcoin", as i have mentioned earlier that am now "retired" thanks to bitcoin.

Seldom people talk about his, but the fact that bitcoin has reached the intellectually lazy "average Joe" 's mind last year, and the basic instinct of human greed made several of my
acquaintances to reach out to me* and wants to "invest" made me have the impression, that this must be happening all around the world; just look at the stupid ICO
frenzy, ill informed people throwing money in hope to make fortunes -bitconeecrash LOL.

My point is, even if the motivation of the "downtrotten" is for just quick buck, the fact that they start to accept cryptos as a valid substitute of wealth preservation/increase vs. the fiat world is a huge
step in the way of making bitcoin a mainstream phenomenon.

I wonder why all the worries, if anyone is here for the long run, who cares about a 50% dump? We are still up 1000%+ from a year now, why the FUD?



*Sadly, my efforts to educate these people always hit a brick wall, as they express implicitly, that they "do not have time" to invest in understanding the basic concepts (mathematical, IT, economic, etc.)
what bitcoin is, just wants free money.

Side rant: Now i do not have guilt anymore about the fact that my ex colleagues will earn less in 30 years than me just by sitting on my bitcoins, for i have spent literally 1000s of hours educating myself, restrained my spending for years ("nah, i won't go with you to a vacation, rather buy 5 more of those really cheap bitcoins! - 2015), and they could not take the fukin effort to read a couple of articles/watch a few hours of videos on youtube i have put the effort into select and sent them for basic education.
 

Happy New Year to all of us indeed 

Yes, i have managed to sell some at 0.41, that was an intense night watching the walls (still, could have made 0.5, but only in a 30 sec window...).
I sell in batches - some i had to scrape from cold wallets, some from core wallet -> abc syncing (which took 2 weeks!!).
Also, am not in a hurry. Well, now i am, wanna offload bichcash before coinbase releases it at Jan the 1st. for the sheeple.

Nooo, i still have some to sell, i want my free BTC from Roger, let him pump it just up to 0.17, i will be glad! 

That was my vote too! Which time zone we use for that?  

This is getting silly.

I do not even count my money anymore, need a tax-lawyer soon :-D
First world problems!

Agree. Although, i can not process the mind set of people selling at 10k right after it hits that psychological barrier ATH, when it was obvious that once BTC hits 10k it will rocket ship up to the Moon. Also, emotions and finance is a really bad mix to have. Money is a bitch, cold hearted like mother nature, no room for emotions like fear and doubt.

Too bad, i still have some bitch-coin to sell for BTC  
Well, free money is free money after all :-D

Ah, bitchash jumped 150$ suddenly, that explains the drop. No worries.
This is so exciting! Observing the Wall.

I have "retired" 2 weeks ago, in my mid 30s, although, i am a minimalist, no Lambo for me.

edit: rofl at stamp, just saw a sell at 10400, than a buy at 10500 in 2 seconds, price is explosive!

This is fun to watch. A year ago we were theorizing about 10k with friends, something like an odd, far away event in the future.

Opening the 2nd bottle of wine.
The sell side is absolutely dead, no coins left effectively, 100$ rise every 30 mins  

History in the making!

Your definition of "fail" is weird. Like, the polar opposite of actual truth.
Shoo troll.

2015 was awesome. So much cheap coins to buy