[Blah Blah Blah : whine... -SnIp-]
P.S. - sorry, y'all, that I crashed the market by making Bitcoin angry.
Bitcoin, please forgive me.
Asshole!
Made me buy more cheap Sats![/>]
If my wit were beloved by the type of granola-munching cope-expert who does online
“wellness checks”—with twit-style hashtags, no less!—then I would declare my whole life an irredeemable failure. (Are you vegan, by any chance? Did you vote for Biden? Well, it would make as much sense as your theory that
the CCP controls “all major media outlets”.)
On the other hand, perhaps I shouldn’t be so hard on you. You are new at this: You have only been in Bitcoin since 2020–2021, according to your first post. Perhaps by now, you may even have even learned to stop
camelcasing “BitCoin”—it’s what Mike Hearn used to do, it’s what Craig Wright does now, and it’s offensive to Bitcoin. Lest thou bring down hellfire and red candlesticks on us all, thou shalt not anger divine Bitcoin by so blaspheming its sacred name!
“Max pain”: Get used to it, and live up to your name by coping with your newbie-tier DCA before you accuse
me of “whining”.
OK, now I'm getting scared.
For the first time in many many months price goes below my DCA and the local Llama spots out this???
Is this what they were talking about as "Max Pain?"
I'm gonna cry...
Why? What pain is in it for you?
If your coins are safely in your wallet where they belong, why do you even care if BTC at rest dips below your DCA during the type of perfect storm of a flock of black swans that we have seen in the past month? You only started buying BTC quite recently—and you apparently started buying in 2021, a bull year! Your DCA is
inevitably way too high to worry about dipping below it, unless you like gambling about being lucky enough to time a local bottom with a first-time chunk buy.
If you use Bitcoin
as money, as well you should, then that may be a potential reason for some pain: The BTC is in motion, not at rest, and its value
right now does affect you. Solution: Develop a strategy for budgeting and scheduling your money-flow around Bitcoin volatility. It is not always feasible. It is especially infeasible for many types of business, which is one reason why we
do need some type of a stablecoin; anyone who contradicts that is a navel-gazing ignoramus with no inkling of business realities. But with prudence and foresight, it can often be done just fine for personal finances. (I will not speak further of this now: I code, and I don’t want to spill the beans on potential future products.)
So as for “pain”.
You should only get
scared if you have been through at least one order-of-magnitude BTC increase,
and then it crashes below your DCA—oh, that would be scary!
You should only* cry if 1 BTC ≠ 1 BTC. That would mean either that the laws of mathematics have been repealed—or that the Bitcoin blockchain has been usurped by Do Kwon, who just made 1 LUNA ≠ 1 LUNA by centralized executive fiat.
* Or, you should cry if you play stupid games with margin, and you thus lose BTC that had a DCA so low, it will
never again come anywhere within even a zillion light years of that unless Bitcoin is really, truly dead.
I have been crying a lot, lately. It is inevitable that I must suffer many weeping fits, and probably years of recurring nightmares. Divine Bitcoin has damned me to this, as condign punishment for my sins.
FYI,
in July 2021, I didn’t even know when it dipped below $30k; and if I had been paying attention to the market, I would have been laughing at all the n00bs who were crying. Then, I was righteous and blessed in the sight of Bitcoin.
Bitcoin, please forgive me.
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