Triple post inc. I've been printing money with altcoins the past few days, this very well may be the precursor for the next Bitcorn bull-run. The more alt-coins rally with Bitcorn down the more people will catch wind of what is going on and get interested in getting large amounts of Bitcorn to buy shitcoins with. Perhaps the winter won't be as long and cold as it seemed up until now.

It is, and that's the main reason why I find vegans retarded. Even those that are with good intentions (which I don't believe all or even most of them are) are so intellectually lazy and short-sighted that they are stunting opportunity by stamping meat as the devil instead of finding ways to get the meat that virtually everybody loves in a more ethical and economical way.

I'd keep a bunch of animals on my property if I could just prick them once every so often and get some delicious meat that way.

Would probably try human meat as well (under these circumstances) but not sure if the psychological factor would stop me from getting into it. When I was in Thailand I ordered a bunch of spring rolls and was surprised at their unusually sweet taste. Bit only half of one of and realized that I've been eating those white maggots or whatever they're called. Couldn't keep going after the fact, even though they were pretty delicious.

Yeah, it's funny how fancy words and marketing matter for the average consumer.



On another note. I love watching BCash plummet much harder than the market.

People and their feelings are irrational, to put it nicely. Once you can get meat of higher quality and lower cost than the trash served at super markets everybody will jump on it. People are always afraid of anything they don't see/understand, but once it's out in the wild adoption snowballs. Like with bikes. The internet. Or with Bitcorn.

I don't see "normal" lab meat not becoming mainstream, but I wonder if people would remain put off from human meat if the biggest deterrent (killing humans) is removed.

It seems gross to me on a more emotional/impulsive level, but rationally speaking I don't see anything speaking against it.

There are lab burgers, and the costs are plummeting. Being able to create human meat without human suffering will become inevitable. How will people react?

What will happen to cannibalism once lab meat becomes a thing?

Yeah round numbers can be a devil in disguise.

Bitcorn is ded

To be fair, it is wrong. Crypto as a whole is not trading against fundamentals.

In the case of Bitcoin that's understandable, but when it comes to credit platforms, exchanges and stuff like that you can estimate the fundamental value through time and then realize that it's vastly over- and undervalued most of the time (think stuff like BNB). That's called market inefficiency and decreasing with maturity of the market.
Right now it's fairly easy (albeit cumbersome due to high amount of shitcoin projects) to identify future winners and losers and the profit margins are absurd. As crypto matures finding these ROIs will become increasingly difficult though, and not just due to the increasing market cap and lower implied upside potential, but due to an increasing amount of value investors skimming the markets.

The trick is to decide on targets before the bull run happens, then sell no more and no less at every given price level. Cost average around your chosen price targets too if you want to get fancy.

Allianz Investors Chief.

Yeah, ban things because people are being stupid. Good bye cars, internet, food, water, life.

How secure can it be when I throw my phone around all the time? Still haven't managed to break any of my Samsung phones (surprisingly), but if I had crypto on it I'd either get really stressed out or have to change my behaviour.

Watch out for this once you're back in profit. Your mindset will do the inverse if we start mooning and that can be just as fatal as what you are experiencing right now. It just won't feel bad until it's too late.

What you are describing is the inverse scenario that we are having right now. People buying into hype, selling into fear. Some people never learn this error in judgement, some take a few market cycles and wipeouts to learn it, some learn it before entering any market. But the fundamental principle remains, if you buy into hype and don't set aside some profits you'll probably get burnt. The same is true for selling in fear instead of buying and/or holding.


Of course, there are edge cases. Some assets will keep climbing for a very long time, others will go to zero. But that's where diversification and value analysis (should) come into play, not succumbing to human psychology.

Make sure you really understand this and don't fall for the trap of "omg why didn't I sell" if we go down further after the fact. The (mathematically) most sensible thing to do is to keep buying in small batches and decide on different price targets at which you will sell. This includes higher prices at which you take some partial profits, as well as a full stop at which you get out of the game entirely. I'm personally riding down to zero if I have to, but for others it might be more sensible to scrape.

Just be aware of how markets function and decide on your strategy before you get into the game, and then take whatever you get without beating up yourself over it. Invest that energy in learning how to do better next time instead of FUDding/FOMOing out/in.

This. If you want to sell you do it on the way up, not on the way down.

The point is that we're already down 90% and the probability of going down further decreases exponentially as we go down. You're just falling victim to the gambler's fallacy right now.


Edit: What if it goes down to $1? It was $1 before, I could sell one Bitcoin and make 3500 Bitcoins! (fat chance)

Edit2: Invest some money in a book on investing and balancing portfolios. Read it, study it. Everything you post cements the fact that you're just gambling based on emotions. Emotions that traders use to take your money and make profits.

If you already put all that money in that's on you for not keeping enough powder dry. But regardless of how much fiat you have available, selling after a ~90% drop is anything but sensible, especially when that's roughly been the turning point for most assets that plunged and didn't die. Market cap is irrelevant too by the way, at least in the peanut amounts that we are at right now. Apple is still 10x the size of Bitcoin. And that's just one company. Bitcoin is well positioned to become the backbone of future finance.

I think that you're being emotional and shouldn't invest at all if you can't handle massive red candles. Selling now is like buying at >15k. Now is not the time to sell, but to keep cost averaging in.

I'll go with $6969 this time.