That reminds me.. has anyone heard of TrustedBitcoiner?
Should I of heard of them? Who or what is trustedbitcoiner?
I would suggest that
TrustedBitcoiner has a decent number of characteristics as a disingenuine troll; however, he had also provided some seemingly personal information that suggested that he might actually be engaging in the BTC trades that he claims to be engaging in. You should be able to see most of his post history in this thread, unless he deletes some or all of his posts, then you would have to go by the various points in which his posts were quoted by other members.
I suppose that he became a bit more irritating and outwardly self-righteous towards the beginning of the year when he said that he had shorted a little over $17k and suggested that it was a "sure bet" blah blah blah down before up bullshit, and at first, he said that he was expecting the BTC price to go down to unspecified points, but then he said that he was going to re-enter the trade around $16.7k.. and then when the trade did not seem to be going his way, he said that he would reenter at $16.9k.. and then thereafter the BTC price kept going up, and he kept asserting (whether true or not) that he kept entering shorts because for sure the BTC price would go down at some point.. blah blah blah.. famous last words, no?
I doubt that he is going to go away, because at some point (perhaps when the BTC price dips 10% or something.. if it does) that dweeb is likely to come back in and say "I told you so." I made a killing and blah blah blah, you should have listened to me.
Don't get me wrong.. I am not completely against trading, but I find it a bit irritating when guys seem to be talking their book. .and assigning way higher odds to one direction over another that does not really seem to be based on much beyond either their books or perhaps a feeling they have or some nonsense that they might have gotten from some other supposed expert.
There surely are some guys/gal in here who may well assign seemingly higher than reasonable odds to one direction or another, and when either they admit that they are personally biased or that are not overly arrogant about their approach, then it is less annoying for me, and I don't even necessarily need to agree with some of the guys/gal, and surely, any of us can have our ego get in the way or that we might go overboard in some of our criticisms of the approach of other members. and some members are able to discuss through their approach, and sometimes even if we disagree, there are some members who are stubborn as fuck, and if they are actually following the approach that they advocate, at least it becomes harder to proclaim that they are being disingenuine... or that they are not a real person, so I don't really have as much problem when guys are merely stubborn.... and maybe TrustedBitcoiner might reform his ways.. I am not completely sure.. cannot really know.. I mean there are members who I have come to appreciate their point of view, and the points that they raise, even when I don't agree but I get the sense that they are either genuinely working through their approach and sometimes tweaking their approach or even admitting that they had overly allocated towards a position that might have been gambling rather than investing.. and sure if you admit that you are gambling, then don't be trying to present it as if it is broadly applicable..because that is irritating to be seeing those kinds of presentations that seem to likely fit better in shitcoiner-world or the delusional aspects of fiatlandia..
Many of us make several mistakes, misjudge the direction or the degree of the price moves in bitcoin, and sometimes might even have some poor security practices, and hopefully, we are still able to figure out ways to share and/or to debate information because admittedly it sometimes can take a while to change some of our practices, and there are changes in the industry too... or some kinds of developments in which some of us might not have realized how much risks we had been taking or maybe even how some of the risks of people in our lives, relationships we have or even business partners might end up dragging us into situations in which we had not realized how many risks that we were taking..
Let's say for example that in early 2021 I have $12k that I could either invest into bitcoin (or maybe I already have the $12k in bitcoin) or I could lend it to a friend (relative) or someone I thought was responsible... and I know that the person already has something like 4 BTC, they showed me there various "account balances," and I have no reason not to trust the person to be good for their word.. and they have good reasons for the loan such as wanting to make home improvements and not wanting to sell their BTC while the price is down.. and they would rather go through me than to go through a bank for convenience.. and because they have other assets and enough cashflow to service any loan that I would give them, even if I were to loan them twice as much... at the time that we are discussing the loan the BTC price is $40k, and the equity in their various assets are worth around similar amounts of maybe $120k or more...and I conclude that the best way to manage my own liquidity and balances is to sell some of my BTC so that I can give the loan.
Thus, I feel that I am going to be nice, and then I am ONLY going to charge 6% interest on the loan. or maybe even lower.. and spread the payments over 4-5 years ..and the person tells me that they likely will pay me back more quickly than the period of the loan... .. so maybe a year goes by and the person is making regular payments and there are no surprises or red flags, and then one day the friend, tells me that all of their BTC accounts had blown up, so they no longer have any BTC because they were earning yield on FTX and some other places that were even less reliable than FTX and they made some other mistakes too that caused their BTC balances to go to zero with little likelihood of recovery, and then I realize that there is almost no way I am getting the remainder of that loan money back because that person has hardly any way to pay based on current circumstances - especially when they are inside of such difficulties and maybe even some of their cashflow is not working out so well either, and sure they might get some of their BTC back down the road.. and things were looking all rosy at the time that I had lent the money.. and then I also might realize that I gave the person too much of a pass.. and maybe I should have been more careful or I should have taken some BTC collateral.. so mistakes can be made in terms of whether to take collateral or how to manage or assess or own risks.
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