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I had a dreadful thought one day, that many of the so called Trolls may have mental illness. I would not want any of them to cause themselves harm because of some remark I'd made. So I've decided to go soft and treat them sympathetically. While behind the scenes I may have a little chuckle to myself.
Can you imagine what it's like visiting this forum as a no coiner, reading lots of posts with people actively involved in the Bitcoin space but being too afraid to join them and just get in at today's price, always praying for the big drop down to whatever price, then if it gets there, they still don't buy in.
I have very little sympathy for that little twat eXPHorizon or any other troll/shill because they are disingenuine little twats that you cannot trust for shit in terms of it they might happen to have some kind of real world story. They figure out a lot of creative ways to attempt to cause you to conclude that their usually inconsistent situation (to the extent they provide any details) might be real, and sure, I am not even saying that there might not be a real person on the other end of that keyboard creating a story, but we can hardly have any clues about whether they might be just some kind of normie who is stacking sats with a side job of getting paid to spread nonsense on the interwebs.
Call me unsympathetic during this largest wealth transfer in the history of man that there might be some casualties along the way... if there might be a chance that they actually believe and act upon any of the misinformation talking points that they are spouting out.
Sure, probably the vast majority of the regular guys in this thread are not going to believe shit that they say and our actions of accumulating coins is not going to be affected, but there are people who actually buy into their bullshit, even if they are ONLY affected on the margins.. but they are affected into waiting and failing/refusing to adequately prepare for UP.. so I don't want to give any semblance of space for these disingenuine troll shills to spread their nonsense.. and another thing that they do is they distract us from actually talking about more meaningful topics... sure we are all over the place in this thread with topics, but sometimes the pages do get filled with nonsense troll/shills, whether we are referring to eXPHorizon or some other twat.
So they can only shout in from the sidelines, joyous at the discomfort some holders experience when the price tanks. The Germans have a word for it 'schadenfreude'.
While Billy Coiner was making stupid comments at $30k, I bought BTC 0.25 at $31.5k thinking the $32k window was about to close, I was wrong and when it dropped further I bought another BTC 0.25 at $29.6K. Not often spare fiat and buying opportunities arise at the same time. Meanwhile Billy Coiner will be suffering extreme angst at the rest of the forum's good fortune.
First, I would prefer to refer to that twat as Billy no coiner... it seems a more descriptive name.
Second, sure we might see some entertainment value in some of the seemingly obvious bullshit that they are on and on about... and like I said, it seems quite likely that a decent majority of us will not be affected at all and we might even be encouraged to buy in terms of seeing how desperate some of the troll/shills appear with what they are saying or what they are expecting.
Third, I still don't agree to giving them much if any space, and sure I feel a wee bit guilty about some misleading posts that I make when I am joking
(referring to this one), but I just cannot be feeling that there is a purpose to really give those twats space. Of course, in my link above it turned out that elliottflz65 was not a twat, but he sure asked a stupid question on that day... and I cannot really feel overly bad about my answer, even though some hesitant newbies could have gotten mislead from me, too. They could have gotten mislead into selling, or failing/refusing to adequately prepare for up.
With Phillipma the miner generating windfall profits from the hashrate fall, our resident cowboy getting on with his dream ranch, (I do hope he drops the litigation against his neighbor, draw a fucking line down the middle of the disputed land it amounts to 0.4 acres each, shake hands and get on with life.) Jimbo developing his lake I hope the mosquitos ain't too bad. Countless others realizing some of their life's ambitions. Lambos, hookers and blow. Or even a John Deere, not much difference in price from a Lambo, 380 HP but not much female pulling power, 0-30 in 2 minutes.
For sure, some good and decently detailed stories about how BTC has improved actual lives in a variety of ways and maybe even causing some beyond expectations levels of windfalls for guys (and perhaps gal) who had engaged in preparations along the way.
One thing that comes across in your voluminous posts is the recurring theme of looking at Bitcoin over the long term. I like the concept of the 200 week moving average and have come to regard this as a better price indicator than the frothy tops.
It seems that in the past couple of months I have been playing around with considering the 208-week moving average as the bottom of bear markets and the 104-week moving average as the bottom for bull markets, and for sure there can be short-lived periods of exceptions, even to any kind of seemingly strong guideline - remember our March 2020 liquidity event, the BTC price went below the then 208-week moving average (which was around $5k at the time) for something that was close to two weeks, and then the BTC price would have been below the 104-Week moving average (which was then around $7k) for a bit of a longer time
(maybe even bouncing below for a couple of months) - even though we were then in a bull run.. arguably in a bull run that was confirmed since about May 2019 - even though there can be some troubling periods when trying to figure out whether we are "in" a bull run or if we still are in a bull run (once we had confirmed at an earlier time).
And all the in-between action is just so much noise in a super 12 year bull run.
Of course, the four-year fractal is within there too in various places
(at least three times), and can throw people for a loop.
I like too that you advocate to would-be buyers to DCA their purchases. One of my sons allocates 25% of his salary every month and just buys it at month end price. He tells me he hopes to be retiring at 40 in a few years time having reached your definition of Fuck Off status.
Wow.. a 25% allocation of monthly salary is decently aggressive, and many years, I had aimed for saving at least 10% of my salary, but of course that was prior to bitcoin, but gosh, even with that, I was investing in traditional investments about 25 years by the time that I got into bitcoin, and surely none of my traditional investments even came close to the performance potential of bitcoin - while at the same time, I still can second-guess regarding how I would have treated the availability of something like a bitcoin when I was in my earlier years of building my investments.. and even my go-to 10% would have probably done well, and it takes quite a bit more discipline to get up to something like 25%.. whoaza!!!!.
By the way, we also do need to be considering a variety of things if we want to go into fuck you status at such an early age as 40.. in terms of income and future income source, and if there are any pensions involved, or 401ks or even govt. benefits like social security and medicaid. There would be some need to make sure that medical is adequately covered and even something like social security might have been projected to kick in at a certain rate at 62 or whatever, but if there are no contributions for the last 22 years or so, then the projected amount to be received might end up being half as much as what had been projected... .. and of course, some of those funds might not be eligible for withdrawal until reaching a certain age, too.. Anyhow, of course, if there is enough of a financial cushion, then there can be an ability to project enough income, even if some of those other sources were to dry up... which surely could happen.
For most giving up work seems to be a big goal.
That's for sure.. it seems to be part of what constitutes an actual "fuck you" status in terms of any kind of work that ends up being done would be nearly completely on your own terms. Of course, some people might still enter into contracts with others, and surely if you were to be in a contract to do some short term work, then you would still be obligated to fulfill the contract.. For sure, if you were already in fuck you status, then you might decide NOT to enter into those kinds of contracts in the first place.. unless you might also be considering entering into a contract for something other than money, too.
I guess it would be for me too, if I had to answer to a boss. Fortunately I've never had a boss, I run my own business, the successes and failures of my decisions are mine, the buck stops with me, all the rewards are mine and the IRS. I like my work, I get extreme satisfaction from farming, it is true that it is more a way of life than a job, as such I've probably never worked a day in my life.
Of course, farmers enter all kinds of contractual relations, and surely there can be issues if you are hiring people or once you take on a project such as planting seed or raising animals for a season or more.. So, sure I do not know about all your trade offs and obligations, and sometimes you might not want to be stuck doing something or even overseeing projects, even if you like doing it, overall. I suppose in the end, you can consider if there might be a status that you would consider fuck you status or not, and sometimes people do want to have some sense of fulfillment, even if they might have a lot of money/assets that gives them a lot of options.. and the more liquid the money/assets, then the more options that they likely have.
Family farms suffer high rates of bankruptcy and for me Bitcoin gives the security that I have a good buffer against any future bad years.
Keep on filling these pages Mr Jay
Of course, bitcoin can give a lot of options. I had various kinds of employment, but I also had a business with a partner for around 8 years, and in that business, I could proclaim to be the boss or even to share some bossiness aspects with the partner. Then the partner quit so I was left with trying to figure out how to keep the business going and/or trying to sell the business and other matters related to the business (including working out the dispute with the partner.. man-made dispute? or what?).. Anyhow, there was a certain time that allowed for the resolution of matters and even the ongoing appreciation of bitcoin, so I decided to just close the business and just say fuck off with the goal of selling it or anything like that, and seems that bitcoin allowed for that option to just say who cares about the potential value of the business or its assets, because at some point, the value of the bitcoin investment was greater than the business, more liquid and provided more options and fewer obligations than did the business, and the business was causing a variety of tying down... including geographically.. and really bitcoin's historical price appreciation and even anticipated future price appreciation could also bring in more value than the business, too.. so it seemed like a lot of waste of time to keep such a business going.. even if there might have been some satisfaction in having a business, too perhaps? perhaps?..
One thing that comes across in your voluminous posts is the recurring theme of looking at Bitcoin over the long term. I like the concept of the 200 week moving average and have come to regard this as a better price indicator than the frothy tops. And all the in-between action is just so much noise in a super 12 year bull run. I like too that you advocate to would-be buyers to DCA their purchases. One of my sons allocates 25% of his salary every month and just buys it at month end price.
... this is actually a really smart buying strategy now that options are becoming a big part of the current btc price action ... DCA once a month on options expiry dates over months is the way to beat the noise and leverage time against the shorts dollars
Gosh.. I don't know marcus. I have been a fan of weekly DCA rather than waiting a whole month. I just have too many difficulties in figuring out how to wait so long.. but sure, some people might well have that kind of disciple.. and the more power to them.
One of the main reasons that I might consider monthly rather than weekly were if there were fees that became a bit more acceptable if lumping the money together.. so if someone ONLY has $10 per week, then maybe it would be more cost effective to treat that as $40 per month.
I am presuming that 25% of Farmer Bill's son's salary is much greater than $40 per month... would likely be in the greater than $1,000 per month (especially if he is considering that his son might be reaching fuck you status in a few years)... but what do I know?
For DCA investing, we are missing one of the BIGGEST pieces of information, which is time-in-the-market, and of course, we know that DCA is not really so much about timing the market and historically speaking, any guy/gal in bitcoin for a decently long period of time would have chances for decent returns, even for lower levels of investing.. For example, a guy who started to get pretty aggressive in his bitcoin investing
$1,000 per month for the past four years would still only have accumulated less than 6 BTC, so I am not sure if we can use Farmer Bill's registration date or we just might need some more info.. seems that Farmer Bill had been investing in bitcoin for quite a bit longer than his registration date.. as far as I recall..
Even DCA investing into BTC at
$1k per month for 5 years versus 4 years could make a pretty BIG difference in terms of the amount of BTC accumulated being at 18 BTC versus only 6 BTC at 4 years. So there is a pretty good-sized difference with "ONLY" one additional year; that's for sure.
Anyhow, I am presuming that there must be something else going on in terms of maybe having longer time in the market and maybe even some earlier lump sum investment that might have happened, perhaps? perhaps.
Thanks for taking the time to comment on my post and for a snippet into some aspects of your personal life.
Good observation, that although I do not have a boss, I do have obligations to certain entities via contracts, in which I often have little sway over the terms.
I like your example that one of the things Bitcoin has enabled you to do, was to walk away from a business you were not happy to be running and to move on with your life. It's often hard for folk to just say fuck it and walk, because of the sunk cost that's been invested over the years.
As for my son's continuing investment it is much greater than the figures you envisage. Far from being reckless he regards this amount as sound investment towards his future.
He bought his first coins in 2011 whilst a student over in England from Intersango GBP1000 around $1500 worth at the time, 200+ coins.
The money was deposited in cash over the counter to Intersango's account, what trust! It was early days and UK banking system was not ready for this or to grant Intersango proper banking facilities. They were all sold at $30 (6X purchase price) to help fund his studies.
In and out of Bit and Shit coin over the years he's now in a good job in finance in the City of London and has been increasing his stash of Bitcoin again over last several years. Like nanobtc he did not like the farming life, but the long hours and hard work in all weather put him in a good position to take life in its stride. When colleagues bitch about their long hours or hard work he tells them to go work on a farm for a month.
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