JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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Some day I will buy a baseball bat and start punching everyone that repeats that same old shit about one BTC being still one BTC. C'on, Bitcoin dumped, it fucking sucks... just accept it like a man and don't invent silly excuses that mean fucking nothing! ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Look how the same idiots start going full party when Bitcoin moons... wasn't it already 1BTC = 1BTC? C'on.... I "lost" a shitton of paper profits. There's no need to sugarcoat it. All this will pass when Bitcoin really moons. I surely feel good to have been able to ride this out, so far, and really I would prefer not to dig into fiat that is NOT supposed to be dedicated to BTC. It's one of those things that we cannot really know, and we have to try our best to our own comfort level to figure out a psychological and financial balance that works for us, including considering what are we going to do for extremes that we do not want to happen, and then those extremes end up happening. Spouting out bullshit on this thread sometimes has consequences too, including if guys (and gal) are saying that they are 100% in but the price is in the $9ks or $10ks, and fuck, it is not going to feel very good if the price corrects 60% down from there in a relatively short period of time, and you thought that you should go 100% in because other members were saying that they were 100% in. So, yeah, the more that you are in, the tougher it is to take any action. Also, some of the guys waiting on the sidelines with their fiat ended up in a real good opportunity place, as long as they were able to pull the trigger when the price dipped, and not pull the trigger too early. Of course, I have never really been one of those guys, because I always have been a bit nervous about making sure that I am adequately prepared for UP, which means that more value is in bitcoin and more value, ends up losing its value when the BTC price drops more than 60% in a short period of time... so all the BTC that I bought on the way down, do not even add up to a fraction of the loss of value. I did a rough ballpark look at how much BTC I bought, and yeah, I increased my BTC stash between about 4-5% during that 60% drop... but just looking at the matter, we can see that the value dropped 60% so how can increasing the stash by 4-5% make up for that loss - except for when the BTC price goes back up (assuming that it does), then it is likely that those of us who play with this kind of incrementalism and attempt to increase our BTC stash will have slightly more BTC when the BTC price returns to $10k and above... and it all adds up and the volatile periods add up, so it could still take a while and several ups and downs to add 1-5% of actual more value to a stash. Maybe I should be a little bit embarrassed about my own system, but I make a choice NOT to sell very much on the way up, so when the BTC price is going back and forth, I am NOT making any kind of killing, but I feel good about the whole matter at a level that I have thought about and chosen for myself and sometimes I will think about tweaking the amounts of the sales or the buys in one direction or another if I feel that either I am not stacking enough sats or that I am not comfortable with the amount that I am selling on the way up.. and there is a trade off that requires being willing to take more BTC off of the table if the BTC price runs in the upwards direction without correcting back down.
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Biro Bob
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March 14, 2020, 08:52:50 AM |
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Yeah, i might sound too bearish because of the $3k - $3.5k range, but i will buy at higher prices too without much loss (or much less gain, if you want to see it that way). I'm easy with holding out and waiting, in times of uncertainty i refuse to make moves, because this has brought negative results in the past, mostly.
I (shamed to admit it) capitulated at £3660 on Thursday night and liquidated 0.4 BTC for £1500. Sadly, I needed to make sure I had the money to pay a bill. I use BTC as my overall savings account with very little in my actual bank account other than general operating costs and some on exchanges to play with. It means I lost about 0.03 BTC / £150 in real terms. I had been buying bits and pieces during the crash - then panicked and sold at a loss. I am the master of capitulation. I did it at $280 and I’m sure I’ll do it again. This is a sign we can go up now!
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Icygreen
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Yeah, i might sound too bearish because of the $3k - $3.5k range, but i will buy at higher prices too without much loss (or much less gain, if you want to see it that way). I'm easy with holding out and waiting, in times of uncertainty i refuse to make moves, because this has brought negative results in the past, mostly.
I (shamed to admit it) capitulated at £3660 on Thursday night and liquidated 0.4 BTC for £1500. Sadly, I needed to make sure I had the money to pay a bill. I use BTC as my overall savings account with very little in my actual bank account other than general operating costs and some on exchanges to play with. It means I lost about 0.03 BTC / £150 in real terms. I had been buying bits and pieces during the crash - then panicked and sold at a loss. I am the master of capitulation. I did it at $280 and I’m sure I’ll do it again. This is a sign we can go up now! Thanks for sharing, no shame really. I'm also similarly positioned using bitcoin as my 100% savings. The only difference is that I don't need the capital I've allocated for any reason in the short term (except in emergency). I have a somewhat reliable income stream I can reasonably live from. If you'll entertain, its a great lesson really. Is your investments in Bitcoin to help bitcoin evolve or for some other reason? Other reasons get complicated very easily as I'm sure you are aware and as Bitcoin stands it's ground, it will claim the advantage over unaltruistic investments.
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Majormax
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March 14, 2020, 09:37:42 AM |
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Yeah, i might sound too bearish because of the $3k - $3.5k range, but i will buy at higher prices too without much loss (or much less gain, if you want to see it that way). I'm easy with holding out and waiting, in times of uncertainty i refuse to make moves, because this has brought negative results in the past, mostly.
I (shamed to admit it) capitulated at £3660 on Thursday night and liquidated 0.4 BTC for £1500. Sadly, I needed to make sure I had the money to pay a bill. I use BTC as my overall savings account with very little in my actual bank account other than general operating costs and some on exchanges to play with. It means I lost about 0.03 BTC / £150 in real terms. I had been buying bits and pieces during the crash - then panicked and sold at a loss. I am the master of capitulation. I did it at $280 and I’m sure I’ll do it again. This is a sign we can go up now! Not really capitulation, unless it represents a large proportion of your holding. It is a sensible move. Plenty of canny hodlers have had to sell small parts of their BTC at lows over the years. It is always better to make sure you have enough liquidity to be comfortable for a long wait.
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Biro Bob
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March 14, 2020, 10:05:59 AM Last edit: March 14, 2020, 10:16:52 AM by Biro Bob |
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Yeah, i might sound too bearish because of the $3k - $3.5k range, but i will buy at higher prices too without much loss (or much less gain, if you want to see it that way). I'm easy with holding out and waiting, in times of uncertainty i refuse to make moves, because this has brought negative results in the past, mostly.
I (shamed to admit it) capitulated at £3660 on Thursday night and liquidated 0.4 BTC for £1500. Sadly, I needed to make sure I had the money to pay a bill. I use BTC as my overall savings account with very little in my actual bank account other than general operating costs and some on exchanges to play with. It means I lost about 0.03 BTC / £150 in real terms. I had been buying bits and pieces during the crash - then panicked and sold at a loss. I am the master of capitulation. I did it at $280 and I’m sure I’ll do it again. This is a sign we can go up now! Not really capitulation, unless it represents a large proportion of your holding. It is a sensible move. Plenty of canny hodlers have had to sell small parts of their BTC at lows over the years. It is always better to make sure you have enough liquidity to be comfortable for a long wait. I have other long term investments and earn a salary, but BTC is my most liquid saving. Stupidly, I spent a ton of money in February renovating... and now the bills are due! *edit* I call it capitulation because I broke every rule I believe in.... NEVER PANIC SELL!!! IF I PANIC AND WANNA SELL THAT MEANS BUY BUY BUY!
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vapourminer
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what is this "brake pedal" you speak of?
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March 14, 2020, 10:16:40 AM |
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Guys look at the master races who dont use toilet paper at all but a so called bidet ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) How do you get your arse dry afterwards? Do they have an arse dryer like a hot air hand dryer? yes. some also come with deodorizing filters, but with the ones ive encountered the filter always seems to be broken or defective. so im told.
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bitcoinPsycho
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$120000 in 2024 Confirmed
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March 14, 2020, 10:21:13 AM |
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Bittrex to introduce new trading pair BTC to TP
Will dump all my TP at the peak in 2 weeks
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VB1001
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<<CypherPunkCat>>
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March 14, 2020, 11:11:11 AM |
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bitserve
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Self made HODLER ✓
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March 14, 2020, 11:15:40 AM |
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Perhaps you might even be able to figure out that 1 USD at time t (e.g. in the year 1995) is almost never the same as 1 USD at time s =/= t (e.g. today).
Yes, it is. 1 USD = 1 USD, always, every day since April 2, 1792. Your example doesn't hold regardless of the presence of a central bank as it concerns the argument at hand.
![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) My example was serving to make what you were saying more logically palatable, and then you mangled it to make it once again illogical. When bitserve said this: It's just an equal sign with both *IDENTICAL* values at each side of the equal sign. That shouldn't be debatable.
he is _clearly_ talking about a reflexive property here, X = X. You are arguing against that, saying no, X doesn't equal X because X before is different than X now. While its value changes, the USD is not inherently different. It is always the same denomination of legal tender to be used in the U.S. for goods and services. The _value_ as measured against a basket of currencies or a gallon of milk or whatever is different -- that is a characteristic of X. You're just saying flat out X ≠ X, which is dumb. This is exactly what I meant... explained in better words and proper notation. I didn't expect something that simple would cause that much arguing, more so when the differences between BTC and USD are clear and we all agree on that... but that is a completely different thing that has nothing to do with the fact that both are equal to themselves... as absolutely everything is (equal to itself). Anyways, "1 BTC = 1 BTC" is a strictly true statement and many people will keep using and giving it whatever meaning they want. This is fine.
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ivomm
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All good things to those who wait
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According to https://data.bitcoinity.org/markets/volume/30d?c=e&t=bin the last 2 days nearly 1 mil bitcoins were traded (mainly sold) at the main exchanges excluding Binance. On Binance the volume was 400K each day, so we can safely assume more than 2 mil. bitcoins were traded. This is a huge amount and the question is how the market will adjust to this enormous inflow of bitcoins. I don't have a subscription to glassnode to see how many new bitcoins were deposited into the exchanges, normally it is between 15K and 40K, with a daily peak 444K in Dec 2018. After a month the chart will be accesible for non paid users, if anyone has a subscription can check and share what was the peak this time. On one hand it seems logical to take more time to return above 10K and hold it. On the other hand, these bitcoins are now into a very strong and patient investors. These people are not like the new generation of theoretical traders who think it is easy to make profits. Emotions like greed and fear play a main role, and untrained will crack under the pressure. Experienced investors put their bids low and waited for a year in this case to get them filled. So hardly they will be chasing 10-20% or even 100% profits. Now, when the price starts to recover, the burnt traders and the whole world will see that even in utmost panic Bitcoin didn't go to 0 and no matter the fall it recovers really fast. This lesson will make the weak hands stronger, if they have the guts to enter the game again. So IMO not only a new bull run starts right now, but a whole new bull cycle lasting for years. May be this was the real end of the bear market. How far we will go is a question that honestly I can't answer. All charts and short term predictions were shattered. The good thing is that Bitcoin is not dead and doesn't care about these predictions.
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mindrust
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Payment Gateway Allows Recurring Payments
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March 14, 2020, 12:02:37 PM |
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I read some of those coins were sold on exchanges didn't move in the last 10 years.
Tip of the iceberg? Weak hands? You decide.
I am cool btw. I am focusing more on my business, will also follow my (new) DCA plan. Hopefully I won't make the same mistake this time.
I always thought It wouldn't come near of my point of entry price. which was 4700. The moment I saw it at 4000 I was about to lose my mind in the middle of the night 4.00AM... I am over it now. New day, new opportunity.
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JSRAW
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Up to 300% + 200 FS deposit bonuses
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March 14, 2020, 12:12:36 PM |
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I am over it now. New day, new opportunity.
Yeah, that's the spirit bro.... my best wishes
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bitserve
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March 14, 2020, 12:21:15 PM |
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I read some of those coins were sold on exchanges didn't move in the last 10 years.
Tip of the iceberg? Weak hands? You decide.
I am cool btw. I am focusing more on my business, will also follow my (new) DCA plan. Hopefully I won't make the same mistake this time.
I always thought It wouldn't come near of my point of entry price. which was 4700. The moment I saw it at 4000 I was about to lose my mind in the middle of the night 4.00AM... I am over it now. New day, new opportunity.
That's the attitude. Mistakes do happen but in the long run they are experiences and life goes on. Glad to see you back and with a new perspective.
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mindrust
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March 14, 2020, 12:25:29 PM |
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@mindrust
You don’t need to go anywhere. Just put on your big boy pants & buy back at least half of what you sold. We all make mistakes.
I’ve spent over £60,000 on bitcoin in the last 12 months. If I spent that money when I first knew about bitcoin I’d have thousands of coins, I’d be a whale (I don’t & I’m not).
You have to make the best of any situation you’re in. You fucked up, admit it & buy back. Have a really nice holiday & do something with the rest of the fiat but buy back some at least.
I agree with LFC, take your loss like a man and buy back. Bitcoin is a way out of the system. If you need a reminder how the system is currently run just look at this video: https://www.youtube.com/watch?v=ObgXtL2bD7kBunch of apes in suits ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I don't think I can buy back in it is over 1.7btc loss for me now. What if it goes down again. I managed to keep my mind state stable, if it goes down again, I'll suicide this time. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) The only situation I can buy back in now is if it again comes down to my capitulation price which is not likely. edit: I can take a loss like ~0.5btc though. I am ok with $4.8k. Let's see Monday.
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Icygreen
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March 14, 2020, 12:28:12 PM Last edit: March 14, 2020, 12:49:28 PM by Icygreen |
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BTCitcoin fire sale 45% off Limited time only Get rekt!
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xhomerx10
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March 14, 2020, 12:48:32 PM Last edit: March 14, 2020, 02:46:35 PM by xhomerx10 |
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People where I am right now seem a little more panicky. The store shelves are essentially stripped bare. However, I gassed up the car last night for 56 cents per liter USD - those prices are from a distant past I barely remember and from what I understand, they will drop again today. I think if we evaluate Bitcoin in terms of gasoline, we're right where we were a week ago.
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Icygreen
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March 14, 2020, 12:55:46 PM Last edit: March 14, 2020, 01:08:51 PM by Icygreen |
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McAfee's not having it, send out a drone. Never mind, he's already hit the self destruct button. We are destroying our economies, And giving up our freedoms to assemble And move freely ...
For fear of a virus That has killed 100 times fewer people than the flu ...
In the same period of time.
We are watching a society In the throes of insanity.
When Coronavirus Is found to have little impact On World health -
They will tell us, With all seriousness, That we were SAVED By the Draconian measures That they implemented.
The virus Within two months Will be a non-issue.
Just watch!) https://twitter.com/officialmcafee/status/1238792173019070464
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nutildah
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Happy 10th Birthday to Dogeparty!
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March 14, 2020, 01:14:15 PM |
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Great, McAfee makes a prediction about the virus, that means now we know for sure the exact opposite is true and this will be devastating. Seriously though, can anyone remember the last time McAfee was right about... anything?
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bitserve
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March 14, 2020, 01:16:08 PM |
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People where I am right now seem a little more panicky. The store shelves are essentially stripped bare.
Here we have basically gone from zero to 10 during the past few days. Even if where I live we are not really at lockdown the streets look empty, people is staying at home (as recommended). There have been some procedures implemented at supermarkets, like giving you a pair of gloves when you enter that you need to use to avoid touching anything with your bare hands, security distance between people on queues, etc... The profilactic measures are generally being taken very seriously and people is mostly very conscious and responsible (which is something that has surprised me A LOT!). If there weren't a complete lack of masks supply I am sure almost everyone would be wearing it. Really, it is surprising how well the people is adapting to this situation. I am stunned. Of course the economic loses will be *HUUUUUUUUGE*. But life will go on. After this flu drill, I have confidence that we are ready for a zombie apocalypse! P.S.: Only thing is that with everyone being at home, some internet providers are experiencing some minor disruptions... If it escalated they have orders to filter out video streaming (unicast - mostly netflix, hbo and the like) services.
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xhomerx10
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March 14, 2020, 01:24:27 PM |
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People where I am right now seem a little more panicky. The store shelves are essentially stripped bare.
Here we have basically gone from zero to 10 during the past few days. Even if where I live we are not really at lockdown the streets look empty, people is staying at home (as recommended). There have been some procedures implemented at supermarkets, like giving you a pair of gloves when you enter that you need to use to avoid touching anything with your bare hands, security distance between people on queues, etc... The profilactic measures are generally being taken very seriously and people is mostly very conscious and responsible (which is something that has surprised me A LOT!). If there weren't a complete lack of masks supply I am sure almost everyone would be wearing it. Really, it is surprising how well the people is adapting to this situation. I am stunned. Of course the economic loses will be *HUUUUUUUUGE*. But life will go on. After this flu drill, I have confidence that we are ready for a zombie apocalypse! The only prophylactic measure I've seen so far are disinfectant wipes at the entrance of the store which are used to wipe your cart and while this isn't something new, they've made it a little more pronounced. I haven't seen anyone wearing a mask yet and there were very few people in the store - even the traffic is diminished. Seems like everyone is hunkering down here too.
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