That is pretty cool, even though I don't completely understand what it means or how to look at it, so guys here should really take a look at it and maybe give some of their opinions and analysis.
I also like that the spiral is being shown while Peter Mccormick is interviewing Rationale Root, and I had heard that podcast a couple of days ago, but I did not have the benefit of having the animation running in front of me while I was listening to the interview.
Buy high sell low. The strategy of every panicking newbie trader.
And that's how they end up losing their life's savings.
Bitcoin has tended to be such a great performing asset such that engaging in normal kinds of mistakes of selling too many too soon and making some bad trades may well not be enough to really cause the complete loss of bitcoin as long as they are mostly accumulating (even buying back at a loss)... yet don't get me wrong, there are a lot of dumb twats (whether individuals, institutions or governments) who sell too many bitcoin too soon, and they screw themselves up psychologically in terms of not buying back or waiting for dips that may well not end up happening, yet it still seems to me that some of the BIGGER and faster ways to lose money is to engage in various kinds of leveraging - even though surely it can be difficult to measure or to find out how much any person, institution and/or government ends up leveraging and getting fucked but not saying anything about how fucked they got from their getting on the wrong side of trades and employing leveraging when such thing really does not seem necessary in something like bitcoin, since many of us longer term bitcoiners realize that the better of the bitcoin strategies is to mostly error on the side of long (and without leverage).
57k not so good but could be worse.
@og the tesla will pull you out of that pit.
If it does not explode first.
**hahahahhaha
**Not wishing any meaningful damage upon Og or any other person, animal or bot that he may have physically or psychologically close to him or close to that wannabe "fierce" piece of equipment he seems to worship... or is it the worshiping of Elon's equipment? 
.....Buy high sell low. The strategy of every panicking newbie trader.
Yeah, I know one. An acquaintance of mine bought at around 40k shortly before it dumped to 18K. He sold at 21K.
His excuse..."I harvested the loss for a tax write off."
A few months later I was like "its 60k now! I told you to hodel you dumbass! And besides, I thought you used all your scratch addiction lottery losings for that, ffs... "
Hahahahahaha
I know some folks like that too in real life and including some folks on the forum (do I need to mention names?).. but anyhow, all kinds of rationales can come in regards to their doing something near the exact opposite of what they should have had been doing.
And speaking of lottery tickets.. gawd.. I had a relative (or at least a person who is in a relationship with a relative) mention that he had been spending many days in holiday spirits (sort of detached from the gambling of the lottery tickets and casinos), and suggesting that he was thinking that at some point he should get his lottery/casino fix... and he was actually talking to someone else at a bit of a distance from me (but close enough so that I could hear him), and I shouted over the distance - something to the effect, "just think if you had bought bitcoin with all that money you are spending on those things" (which was largely a theme repeated between us over the past 5-6 years that I had been mentioning bitcoin strategies to him). .and so instead of reassuring me that he had been accumulating bitcoin over the years, he ended up confirming the opposite, which was that he had some money saved up in which he was going to end up making a purchase of some discounted products (implying that I was going to profit from his engaging in consumerism because he was going to get some of the stuff through some channels that I have, which was a repeat of something that he had mentioned a day or two earlier), and so at that point, I just let the conversation slide, since it just seemed like a bit of a lost cause to even attempt to engage with the level of dissonance that was continuing to play out in our conversation.
.....Buy high sell low. The strategy of every panicking newbie trader.
Yeah, I know one. An acquaintance of mine bought at around 40k shortly before it dumped to 18K. He sold at 21K.
His excuse..."I harvested the loss for a tax write off."
A few months later I was like "its 60k now! I told you to hodel you dumbass! And besides, I thought you used all your scratch addiction lottery losings for that, ffs... "
my harvested tax credits are over 50k
I can sell a coin for 80k cost basis of 30k paying no tax.
If biden or kamala win I may need to sell a coin as they will change the laws for cap gains.
Funny how you continue to reinforce how far you are "ahead of these bitcoin-related matters" in the various ways that you figure out how to fail/refuse to accumulate the quantity of bitcoin that you probably should have, including that you frequently seem to get so damned excited by the various ways that you can sell some or all of your cornz (and to tell us about it), while at the same time setting forth quite a bit of evidence (through your statements against interest) that you neither have enough BTC or even the real status in which you should be striving to get to a state of having "more than enough" cornz which would end up providing greater justification to the various tax harvesting, selling and/or profit taking that you tend to be ongoingly engaged in on at least an annual basis...
and by the way, you probably have never gone through (more than one year) or even the preferred whole cycle (which happens to be 4 years) of BTC accumulation in order to actually reach a status of either enough or more than enough accumulated bitcoin to actually start to justify some level of the profit taking and/or shaving off of profits that you love to spout out about so frequently. And, you probably could not even refrain from selling any bitcoin for a whole year (let alone a whole cycle -
spend and replace is an acceptable behavior.. by the way.. as long as you are mostly accumulating during something like a whole cycle), even if you were tied up to an ASICs miner the whole time with an assistant to help you with carrying out your bodily functions (perhaps your wife?).. hahahahahahahaha
[edited out]
It’s good to have a plan. Any plan.
You might be correct that "any plan" is better than no plan, even though surely some folks do come up with some pretty crazy ass plans, and frequently, even if they have a plan (or various plans) they may well have some difficulties sticking with the plan (or even sticking to something close to the plan) when some unexpected scenarios start to play out.. which may well show that either they or their plan was not really up to a high enough "creativity" level in order to have some decent level of financial and psychological preparation for scenarios that were a bit outside of expectations.. so it seems to me that with something like bitcoin we should be trying to create and employ plans that are sufficiently broad enough to account for a variety of scenarios that might not even play out.... and sometimes we might not even have to stick a lot of resources into the more extreme of scenarios in order to at least engage in the process of making sure that we are not panicking over lesser scenarios that we had not expected to happen, but retrospectively end up being quite foreseeable.
Poll
