Sorry for not quoting, too dizzy (just woke up) and lazy, will reply directly, you know who you are.
Thanks Jay, for that nice story about your dog (how dare you own a DOGE?) I must say, the beginning of the story made me want to throw up, just thinking what that malleable liquid-soaked sock-like substance might actually be.
Funny what peeps gonna focus upon in any story (artistic piece).
Based on where I was at, I was thinking that the plastic bag filled item was a kind of sauce, but it might have had some food items too... because she got excited about whatever taste she was getting from it - which I am doubting would have happen so quickly from a pure sauce. I was not even super slow in reaching her.. but I am kicking my lil-selfie a wee bit because I could have likely gotten to her a few seconds quicker would have been enough to stop her from gulping down.. the bag.. and I am not even concerned about the substance within the bag, actually
(even though maybe I should rethink that part too, knowing some of the outrageous things that dogs might get interested in eating sometimes and they are surely not shied away from foods that would cause humans to vomit from just thinking about getting their mouths close to it).
At least the O2 absorber was a nice, crispy kind of substance, and it smelled delicious. I guess, being an O2 absorber, it absorbed the oxygen from inside the bag of jerky, and together it absorbed the nice beef flavour. It smelled like heaven. I thought it was a special kind of super-strong seasoning to go with the jerky, although later I noticed there was only smell, but not taste...
That's what they say about tofu, too.... supposedly tofu can be made without hardly any flavor or smell, but it will absorb the flavors and smell of the surrounding food.. but who wants to become a soyboy...? surely not this cat. .. and the gels would, presumably, be of even less nutritional value.. even though you are seeming to want to attribute some kind of potential superpowers to them... hahahahah...
About LFC, I think he is desperate to enjoy his riches. I understand him.
Of course, that is understandable... and part of the riches is already there.. so there can be a little bit of a dilema going on in respect to the marshallow experiment
(aka delayed gratification test).
To him, and to many WOers I'm sure, the descent from $65k to $45k means huge unrealizable gains that he could now be enjoying, had he sold some at the top. But, isn't that easy to say after the fact? Who woulda thunk?
Perhaps? But each of us should know that close to 40% corrections in BTC are well within reason, and surely you might be able to notice that I have hardly any sympathies (not even referring specifically to LFC here) to guys who had been either describing correction limitations of 30%, and even seeming to suggest that even whatever whimpy limitations they were conjuring up were going to be spike down in price anyhow, suggesting that we are all going to know them when we see them and be able to buy the dip and kumbaya kumbaya through each of them.. and historically speaking any of us should be able to appreciate that while we are going through greater levels of dippening, we are achieving such greater levels for "reasons" including that they frequently feel real as fuck and never ending, even when there are no solid reasons to identify beyond momentum and some likely-to-be FUD spreading talking points.
By the way, whether we believe that Mindrust's story was true or not, he surely showed quite a few signs of emotionalism along the way, so it ends up that regular members here (whether referring to yours truly or other members like ur lil selfie or LFC or anyone else), are showing some of our ways of thinking and our level of emotionalism and even some of us are showing some of our levels of preparedness that could lend (or even detract) from some credibility in terms of how well our plans might match with our emotions.. so I am not even saying that it is an easy thing to attempt to match our actual financial plans/strategies/tactics, with our emotions, but probably we would end up getting fewer instances of panic (whether exaggerated or not) if we are able to achieve a decent amount of matching...
And, yeah, when the BTC price is moving violently and beyond expectations, those can become very considerable tests regarding the degree of successfulness of our matching of our strategies to our sentiments.. and teach us if some kind of tweak might be necessary.. so as I attempted to suggest to LFC.. seems to me that a move (hypothetically speaking of course because I do not really know the exact LFC details) from 5% sales to 25% seems really fucking outrageous.. merely based upon a drop that should have already been within the expectations of what could reasonably happen.. and fuck those assertions that rule out 50% or greater corrections during a bull market.
Look at the goddamned bitcoin charts. Hardly even any meaningful correction since September 2020.. and peeps trying to suggest (or even believing pie in the sky) that 50% or greater corrections are not possible in a bull market blah blah blah..
whatevers.. I feel like I am starting to repeat myself, and I don't even like to talk too much about bearish projections.. even when it starts to seem obvious that we have entered into a bear market,. and probably take way the hell more than 60% and drug out corrections before you are even going to get any concession from me about actually being in a bear market....
It's OK. This is fine. Just HoDL and there will be a time to sell, and that time is not now, neither was it at $65k.
Yeah but even though you have decent likelihoods of being correct about inferences that $100k ish or more are largely within reasonable realms of this price cycle, there are still some folks who may be better served (at least psychology - and perhaps financially as well) from some greater shavings off along the way.. Bob seemed to have benefited from that - even though many of us might have some objective concerns about some of his past sales or even some of his current tactics - but the main thing is that it is working for him and for his assessment of his situation.
As for me, I consider $100k my personal selling threshold,
You know round numbers can provide some resistance, but end up getting considerably overshot once they do get overshot.. so hopefully whatever plan you have attempts to account for that historical dynamic that we have seen in bitcoin.
with the only exception being the price of $80k, which will make some leftover BTC change in my Kraken account to equal my entire fiat investment in BTC, ever. So, when we reach $80k the idea is to sell said leftover BTC in Kraken, and make my Bitcoin investment a win-win game, in the sense that I will have all my fiat back, as if I was never involved in Bitcoin, and of course also keep my precious coins. Easier said than done though (not the price reaching $80k, but getting myself to sell said BTC).
Agreed about some of the difficulties in making some sales that may or may not be necessary, and maybe that could be part of the justification of getting used to it at various increments along the way rather than waiting for 100x or greater profits or whatever happens to be your threshold.
Remember the simple sane savings (not exactly a sane guy, but whatever), even he was suggesting a starting point at 10x profits or something like that.. so jesus fucking christ, waiting for 100x or whatever before even starting causes a quasi-insane guy (RIP) to appear sane... hahahahahaha.
My WO experience has cultivated a kind of mentality that just doesn't let me part with my precious coins, no matter the amount or the situation. Will I ever sell?
You are starting to sound unrealistic at this time. Don't let any thread or pride or whatever to cause much interferrence in assessing your own individual circumstances.. and yeah maybe you want to be a good role model and yeah maybe you might not disclose certain details, but ultimately, fuck the WO.. in terms of making your decisions..
yeah, sure I have great appreciation for both the existence of this thread and my abilities to learn and to share information within the thread, but I still believe that there should be hardly any value in the objectification of a strategy that each and everyone of us should be striving to personalize.. which might not exactly have any objective answer.
So sure, it is possible, that some of us could create systems in which we never ever ever sell any BTC because we are otherwise able to finagle a variety of arrangements to leverage our BTC or we just have a variety of other assets that we might have even been able to acquire because of having and managing our BTC stash....
So for example, if some of us have approached the accumulation of 500 BTC, and that would be over $21 million in todays prices, what the fuck difference is it going to make if you shave off a couple of million? Even if you have only 50 BTC (which would be more than $2.1 million) and you shave off a couple of BTC or you set a personal goal that you never want to go below 50BTC, but even that might not seem realistic if BTC prices go up 10x from here to $430k-ish and then all of a sudden you have the $21million value issue.. and do you really need to keep all of that value in BTC..?
Sure each of us does need to decide those matters including if we want to gain status in the BTC holdings department relative to other BTC holders, and even though I personally have never aspired to such personal status comparisons, there might be something wrong with me - and sure maybe if you get closer and closer, then you might start to make those kinds of aspirations for your self... so if I had not been selling along the way, maybe I could have had 20% or more value from focusing on accumulating BTC... but I am not even sure if prudent management of finiances works like that even though there are quite a few instances of people getting even more rich as fuck by concentrating their wealth.. but some of those end up in corruption too.. even thinking of Elon in this instance with the extent of his interweavings with government subsidies and likely exploitation of peeps and walking contradictions in order to get higher levels of wealth.
Price increases beyond $100k will certainly make it easier to sell little fractions of corn, as the amounts to sell will be so teeny-weeny-tiny as to hardly affect the big pile of stashed corn.
Ok... fine.. maybe you are not devolving into weird. I frequently have asserted that one or two UPpity cycles might not be enough for peeps to transition into fuck you status.. and gosh it could take a decent number of peeps 4 cycles or more, so yeah, if you are just having concerns about crossing a personal threshhold then that might be reasonable.. even though I continue to repeat that you cannot fucking be relying on those upper bounds when you are figuring out what to do on a personal level.. and how fucking long will it take to cross $100k is one thing, but how long it will take to stay sustainably above $100k is a whole other question, and you better fucking get more patients if you are waiting to really be able to meaningfully act with prices only above $100k.. because seems to me that we hardly can rest assured about numbers that are in the future rather than banking on numbers that are in the past.. such as my choice of the 208-week moving average - which is currently at about $12,500 and your previously mentioning of $20k which you seem to be mentioning merely to appease guys like me rather really engaging in real world calculations based on such numbers.. which again seems way fucking more realistic to be doing rather than focusing on ephemeral tops that may or may not happen, even if they have price prediction models that give them relatively high probabilities.
I know I am being overly harsh about your post.. and surely it is nothing personal.. because I am arguing with your ideas.. which you are repeating and I believe deserve to be argued with, even though I appreciate a lot of the specifics that you ongoingly provide regarding how you are thinking about the BTC price performance (and expectations) matter.
Ideally, my spending will only involve the BTC stored in Kraken, and not my cold storage corn. See, I'm already "spending" my coins, in the form of a psychological reassurance of being financially secure and what I would, perhaps, call "rich". No need to actually spend any corn (yet), the fact that I can spend it if I want to, is enough for me (for now).
I completely agree with ideas that various other moneys of ours can get really freed up by merely having our BTC, even if we do not sell one fucking satoshi.
In other words, let me describe some personal dynamics, I have a fiat cashflow that has had some decent amounts of fluctuation through the years that I have been in bitcoin, and my earlier years in bitcoin such as late 2013, 2014, 2015, 2016 and maybe even into 2017, I was using portions of that cashflow to buy more BTC, and even though I felt that I had acquired a sufficiently enough quantity of BTC by the end of 2014, I could not really resist continuing using some of my cashflow to buy more bitcoin.
Depending on the point that I am trying to make, I have troubles characterizing each of my years but even by 2018 through present, I have decided to take on as variety of projects and even to cause myself considerable expenses that both go beyond my cashflow but also cause me to have to no longer use what used to be extra portions of my cashflow for purchasing BTC... so even though I might not be spending my BTC, I am using the BTC as a kind of psychological and financial assurance that allows me to spend very much larger percentages of my other cashflow and fiat denominated assets/currencies/values that I might have otherwise felt compelled to hang onto if I did not have the BTC in the background... so even if banks do not want to recognize my BTC and various third parties want to give me shitty-ass terms (even considerable risk) to collateralize my BTC, they can fuck themselves, because I have a way of valuating my BTC that I would speculate to be way more accurate than them... and serves my interests better than any attempt that I would have to create a relationship with a third party in regards to the BTC that I hold.
Elon, oh Elon. Li-ion batteries are for powering up your Teslas, not for smoking them! O2 absorbers I can understand, been there, done that. But batteries? Is that bitch of a singer wife of yours making you do this shit? I like your Tesla and SpaceX work. WTF changed? What are you doing man? And don't you have any pity for that child of yours, naming it X Æ A-12. Is that a boy or a girl FFS? Don't you understand that POW is, by its very definition, the best way to secure a digital monetary network such as Bitcoin? It's work, WORK! You are sending rockets to space, that needs work. Can't you understand that any serious POW-based network, such as Bitcoin, will inevitably grow to consume lots of energy compared to petty shitcoins like DOGE now?
Apparently Elon does not understand or he does not want to understand. He seems to have shown some of his true colors which is probably way better than if some of us might have become more reliant upon him and he had attempted to undermine bitcoin in a less public way.. not that he might not be attempting to do both.. who fucking knows? He seems far from a bitcoin ally, even if some of his behaviors can be helpful for attempting to learn, and his distracting shenanigans may have given some additional boosting sense of community to miners to signal for taproot and to send a decently-sized fuck you in the direction of the Elon-reliant FUD spreading fucks.
I see
85% taproot right now as I type, and not enough to signal for this difficulty period (since already 11% of blocks have come through as negative for this period), but current signaling is surely showing really good chances to have a strong fighting chance for getting above 90% for our next difficulty period that starts in about 10 days.. and if BTC is under attack at that time (10 days can be a long time in bitcoinlandia), I am thinking that miners will step up to the plate rather than letting fucktwats like Elon and other retards push around bitcoin or try to proclaim what bitcoin is or what it is not. Gonna be nice to see Elon get recked as fuck (if he continues to play his cards badly.. whatever cards he might have left.. no need to be sympathetic for him.. especially when he flip flopped like he did).
It's designed to do this, and this is what gives it its value. It's a closed-loop system you fuck! It will settle at its current value, and if that value grows to be large, the energy consumed will also be large. Back in 2010 you could mine corn with your CPU/GPU. Bitcoin was green and eco-friendly then, right? What has changed since then? Its freaking value changed! It has become Gold v2.0 FFS. Do you really expect an NVIDIA GeForce 1080Ti to give you 6.25 BTC in 10 minutes TODAY? Have you calculated the amount of energy PayPal and the rest of the CBs out there are consuming? How about gold mining? I haven't seen you complaining about them. I want to like you, I want to admire your work, which I still think is admirable and advances humanity, but man, try to refrain from smoking batteries before posting tweets on the interwebs, that you will very soon regret.
I doubt that Elon even wants to grapple with the level of details that you provided, AlcoHoDL. He was attempting to play the momentum, and it could well end up blowing up upon him, even if there may have been some short-term success for whatever he was attempting to achieve - whether it was showing his lil selfie as relevant or just getting attention or whatever.
OK, time for coffee, long day ahead.
Good morning WOers!
I know that I am responding to you 10 hours later.. ;. .yet in any event .. good day to you, too.. and fuck I have to write my own lil selfie a list of things that I want to get done in the next day or two.. I am feeling a bit lost at the moment because I had a few projects that I had been wrapping up that did not really allow me to some bigger picture prioritizing.
Poll
