Nice bull market we got there.
108k to 114k to give us hope and then slam it straight back down to 108k with the threat of going even lower. We’re in grave danger of ending the year lower than we started it in a supposed bull market.
We can’t have a proper, sustained bull with Trump and his retarded FUD tariff war. His creepy little sons in the background profiting off our misery with insider knowledge.
Make no mistake about it, we’d be at 150k now without Trump’s influence on this market. I believe there is institutional, high grade price suppression going on too. Deep pockets don’t want Bitcoin to moon. This isn’t the way it was supposed to be this year, extremely disappointing.
I'm beginning to thinking that bitcoin is aware of your bet with JJG and Ambatman, the recent behaviors shows that. Giving both sides hope and dashing same within a blink of an eye. As long as that bet stands, both sides should brace up because bitcoin will mess with the emotions of all even more. It's really pain in the ass attaching time-bound expectations to bitcoin, this is the reason I chose long term over short term.
Each of us claim to not give any shits either way, yet the main reasons that I pressed LFC to bet is because I considered what he was saying to be a wee bit outrageous.. so in that sense I considered that it was sufficiently enough bettable even though I allow for the possibility that he is correct in terms of the size of the bet or my own preparations that it could go either way, at the same time believing the odds are in my favor.
LFC made very similar statements proclaiming that entering a bet with me is like "free money," so his confidence was pretty high too (at least at the moments that he was making statements about free money and/or proclaiming that the UP is "so over".. .etc etc etc...
Let's see..
We will see.. .. we will see.
By the way, I remain a wee bit surprised that LFC continues to let these kinds of BTC price moves affect him so much. Through the years.. and maybe even every single year in bitcoin, we have had various outrageous price moves in bitcoin and fake outs that seem to last forever (even though sometimes it is merely for a few weeks) and each time there can be reasons to kind of feel like the end of the cycle could be upon us and/or even sometimes bring such skepticism to the space that affects personal thoughts about (why am I in bitcoin).
Accordingly the whole state of affairs related to bitcoin come into question and therefore, the end of bitcoin can feel like it is a real possibility.. I have difficulties seeing how this time is different, even though some of the players and some of the particulars are different, including folks at or near the highest levels of politics getting involved and/or even grifting on it..
Similar but different.. .. and yeah, there is some sense of it feeling different each time, so we have tio figure out how to arrange our finances and psychology around our building up a stack of such asset and figuring out how much of it we are comfortable holding through the ups and downs.. perhaps even while we are accumulating it in the earlier years and then figuring out how much of it we can tolerate holding (financially and psychologically).
Wow! This is a very large CME (coronal mass ejection) which happened on the far side of the Sun so it will impact Venus instead of earth. This one would have caused auroras visible during the daylight hours... and possibly power grid disturbances, damage to satellite solar arrays. The Sun hasn't produced one this powerful since August 1972. The sun spot that produced that one was facing earth about a week ago... so close. We may have dodged a bullet.
source: https://soho.nascom.nasa.gov/If it happened on the other side of the sun, then how did "they" take a picture of it?
Maybe I could look up the answer, but since we have a resident expert who teaches on the topic.. I thought I would ask.
From my perspective, getting to "fuck you" status is a bit of a different idea, since fuck you status relates to the ability to live off of your BTC and/or any potentially mostly passive income sources, so that you do not necessarily have to work for anyone. Work becomes optional, and surely there are levels within fuck you status.
It tends to take a while to get to fuck you status, and to me it seems that even if guys spend 4-6 years investing into bitcoin, yet if they are merely investing around 10% of their income into bitcoin, they are less likely to get to fuck you status in that time. Accordingly, there is a function or amount put in and passage of time, since even if a person were to be able to put a whole years of his income into bitcoin in 4-6 years, BTC prices would likely have to go up 10x or more in order for him to get to entry-level fuck you status.. so there tends to be a bit of speculation regarding bitcoin's upside potential, which has frequently been the case and distracted folks into other projects and/or investments since they were worried about bitcoin's future return, as compared to its historical return.
Accordingly, even historically, a person might have had been able to put less than a whole year's of his income into bitcoin.. and let's say that he had achieved an average cost per BTC that was less than $5k.. so then if he built up his bitcoin holdings, so then now he would be more than 22x in profits based on BTC spot price and he would even be close to 12x in profits based on the 200-WMA... so then the question still might relate to how much he put in, and if he ONLY put half a year of his income into bitcoin, then he might not quite be at entry-level fuck you status, yet if he had put a whole year of his income into bitcoin, then it seems to me that he would have had entered into fuck you status.
Part of my point is that there still may well be some need to commit a decent amount of income into bitcoin in order to get results, yet at the same time, bitcoin has been a great investment for those who have built up their BTC stash.
Thank you JJG for your explanation . I think clearly understand what you said . That means our discipline over emotion regarding Bitcoin accumulation. To reach fuck you status quickly, we need to be able to DCA 25% of our income.
That seems to be ascribing way more prescriptiveness to my attempts to describe the ideas of fuck you status and how one might attempt to expedite getting there. Surely the more that a person puts into bitcoin and front loads his investment into bitcoin then the more that he has at stake that he could gain if the BTC price shoots up and at the same time the more that he is able to lose if the price moves in the opposite direction.
I tend to avoid giving advice about what guys should do, since guys have to both decide for themselves and they have to take actions to achieve what they are attempting to achieve without screwing things up.
Guys will sometimes screw things up if they try to apply what some other person is able to do to their own situation, especially if they might not have the finances, psychology and/or life circumstances that allow them to take a similar approach that another person had taken.
As a result, after a total of 4 years, we can invest the total income of 1 year.
Sure. If you are able to invest 25% of your annual income into bitcoin for each year, and you continue to do so for 4 years, then the math would be that you had invested a whole year of your income into bitcoin.. so surely that causes you to have had established a decently large stake into bitcoin in a fairly short period of time.
But now, according to the price of Bitcoin and the 200-week moving average, it is difficult to achieve FUS for those whose income is less than that. Although it was quite easy before 2020. But if we can think about the valuation in the future, there will be a lot of profit or And life security will be created.
You can go back and look at the 200-WMA as compared with the BTC spot price, and you can see how it compares.
you can also use various DCA websites to figure out how much bitcoin you might have had accumulated if you had invested a certain steady amount over a certain period of time.
Of course, the more that the BTC price appreciates in price and then fails to come back down, then that would justify that you should have had gotten most of your investment into bitcoin prior to it going up, yet during the time that you are investing, you are never really going to have assurance that the BTC price is going to go up, so you just do the best that you can based on the information that you have and your financial situation and your psychological situation.
You also likely have to attempt to account for your
9 individual factors, too - in order to attempt to figure out how aggressive that you can be in your investment in bitcoin and other aspects of your own situation and your views on matters that might affect how much you might choose to prioritize bitcoin as compared with other places that you can invest your time, energies and your value.
We likely know that past performance does not help us to determine future performance, even though we still may well be able to assess that bitcoin continues to strengthen its investment thesis, even though the upside curve is likely to not be as steep as it had been in the past.
So yeah, each of us has to determine the extent to which we consider that it is would be a good idea to front load our investment into bitcoin, how fast we do it and whether it may or may not pay off to engage in such front loading.
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