[—in re personal viciousness and treachery—]Now,
that was “pulling a mindrust!”
I suppose that it is a matter of character.
JJG was more right than he knew!I almost want to give him some Bitcoin, a trivial amount, just to stop him from being a nocoiner.
Gotta
be careful in helping out nocoiners too much because frequently they
got to being nocoiners for a reason.
Mindrust is likely NOT in a very solid state of mind, currently.
Was he ever?
Probably does not hurt to give him the benefit of the doubt in terms of seeming to be engaging in normal kind of plan to accumulate bitcoin and then to get into a kind of "scared as shit" status - including perhaps being too receptive to various bearish scenarios...
Of course, we cannot really know with any certainty that he was being genuine about this, especially when so many members here found it quite incredulous that he would both sell all of his coins and then fail/refuse to buy them back.. even when the BTC price got very close to (if not below) his earlier sales price.. which was around $4,500 it seems.
So, anyhow making a decently BIG financial mistake (which surely was a kind of gambling that he might be able to buy back lower.. and being a bit stubborn in his head that he was going to be smarter than everyone else and realize his buying lower expectation)... so yeah, it is almost a perfect situation that might have exacerbated a previous condition - which is another way of saying to make a previous condition worse.. just by the context and some of the luck / or skills in the whole matter... that ended up being the bottom was in at $3,850.. was not going any lower.. , even if it was not clear to any of us.. but he remained inclined to gamble against what seemed to be the odds and his bad decision made worse.. but some of us were not willing to take such chances to sell on the way down (and so much down) with an expectation of buying lower... even though a lot of us might have still been traumatized by the stress of the whole BIG downity price situation.
There is hereby a greater point than some irrelevant individual forum user. Jay, you recall how I defended mindrust—how I urged others not to humiliate him personally over a poor financial decision. The term “pulling a mindrust” seemed to me untoward.
Sure.. I recall some points of you defending mindrust... even though I don't recall any of us really being very mean about the whole situation... because I think that a lot of people here generally had appreciated mindrust and his various participations in the forum and the thread prior to his having had gone off the deep end.. many of us were sympathetic.. even though some more skeptical than others regarding the genuineness of the whole story...
Well, as I said, I learned a lesson here. What hidden flaws of character may be the underlying cause, if a man suddenly flips on something that he had thereto praised so highly—turns against it, not by his words, but by actions that say, “I don’t think that this is a good idea!”
There are some other members who had bordered on those kinds of weaknesses, too.... There may have been some who just did not post about it, but made similar panic sales around that time and similar BTC price correction periods like that.
Emotional pressure from a bear market is irrelevant. If somebody’s behaviour is dangerously unstable under emotional pressure, then it is dangerously unstable, period. Life is pressure. Some proverbs about fair-weather friends come to mind.
Perhaps? But if you really are not investing more than you can afford to lose, as many of us suggest over and over and over, then you have made such a mistake that is going to be exploited.. and surely, going past the line of investing way more than you can afford to lose ends up being part of the contributory factor that many of us might not go beyond... I cannot remember how much of his percentage that he had put into bitcoin, but it was something approaching 40% or 50% or something like that...
I mean I recommend 1% to 10% for starters, and I could see if some peeps might go up to 20% or even 30%, but they better also have fairly solid abilities to support themselves with their other finances... So the higher the percentage that they put in, then the harder it might be to balance the pressures of DOWNity BTC price movement when it happens.
I mean at some point before he went all out, he must have gone all in.. and got to his 10BTC threshold thinking that the bottom was "in" around $5k to $6k.. and surely the price kept dropping, even though he had been kind of rooting for down.. which may have been a kind of strange reverse psychology, because the next thing you know, as the BTC price kept dropping below $5k, he is then saying that he is out.. blah blah blah..
Much though I dislike the alleged “cult mentality” of Bitcoiners who criticize others for not believing hard enough, if somebody does believe in Bitcoin, and preaches it, and practises it—and then suddenly dumps all of his bitcoins in the heat of the moment!—not even hedges more or less rationally, but dumps Bitcoin altogether—then in retrospect, I see that it was naïve of me not to take that as an indication of character.
We all have these kinds of weaknesses that are potentially within us.. and probably part of the reason that we build and build and build, including some peeps proclaiming to use titanium plates, is because we have to work on our predicament that involves both our finances and our psychology... so we pretty much know what we are going to do, and any panic that we have is contained within reason.. and if we do not continue to practice such preparations, each of us is likely subject to those similar kinds of vulnerabilities in allowing our emotions to push us to a place that we should not be going.
I don’t expect much from random peeps on the interwebs.
Yeah.. but we still kind of get to know each other.. and mindrust had been active for a decently long period... and he had made some similar mistakes in the past of allowing his emotions to get to him, so he did have quite a few emotional bouts before the BIG one had hit in mid March.. so it was NOT completely out of the blue that someone like him might have gotten emotional.
I do not expect to be consoled or patted on the head by arbitrary people!
Sure.. some people do... so yeah.. sometimes there are meanies on the interwebs.. including yours truly.
I do expect that anyone with even the slightest shred of decency will not take the initiative to seek out and attack me personally on the grounds that I’ve been upset over the disappearance of my friend. WTF?
I don't know.. if you are sensitive in protecting Lauda.. that seems to be on you, more than anything... some people might purposefully want to rattle you in that direction, so in that regard, you might actually put yourself in such a position if you get too attached to that kind of thing... or showing that you are attached in that kind of way...
I suppose that is what WO people meant by “pulling a mindrust”.
Pulling a mindrust could be interpreted in a variety of ways.. and I believe it is largely a panic sell kind of situation rather than any kind of "getting emotional" situation.
There are a lot of ways that peeps get emotional.. and many of those situations would likely not fall into "pulling a mindrust" within the current definition unless it somehow involved selling BTC on the way down, refusing to buy back in, refusing to recognize losses and just deal with it or something like that...
Reply to Jay to be continued on other subjects—I hope. Trying not to fall behind the thread, at this particular moment.
Whatever suits you....
Poll
