OT: how did you get that awesome custom title? You must know someone… or am I missing something 😎
The request was granted by theymos, our Overlord.
You mean the "Diamond hands" part?
But it is not true. Diamond hands wouldn't have had sold 20% of his stash (or whatever the quantity was?) at $120k and then refuses to buy back until below $70k.. That truly is not a very good definition of "Diamond hands." And, also, the intensity of your whining (prior to your selling at $120k-ish) does not come off as what a diamond hands would do, either. That is just my subjective assessment, and don't get me wrong. I surely am not opposed to guys figuring out ways to manage their bitcoin holdings in ways that ends up selling some at various points along the way. I am mostly just quibbling about where you are drawing lines rather than your drawing of such lines.
I'm not obsessed with mindrust, but then, compared to him we pretty much all have "diamond hands" here
I don't know about us having "Diamond Hands", but mindrust has got to be the de facto "Paper Hands" king!
Comparing relatively speaking is not really fair, and we should not be even attempting to compare ourselves to mindrust, even though surely many of us can relate to the idea of either losing conviction and/or being stubborn in regards to our convictions and ending up being wrong. There surely are some aspects about mindrust that any of us should be able to relate to, even though, in several ways, it ends up being a story of what not to do.
Maybe my assertion that LFC is not a good example of Diamond hands is not fair... but still, I cannot imagine what we know about his facts as constituting diamond hands, even though it could asserted as some variation of "arguable" reasonable portfolio management - it
does not seem to fit a description of diamond hands.
Describing what is diamond hands might be harder to establish, but it would likely not involve much if any selling... yet I am not sure, exactly, how to establish that.
I am not diamond hands since I have been selling since right around $250 and all the way up to $124.5k. My way of dealing with bitcoin's volatility has to do with systematically selling on the way up... yet I think that I was only able to reach a formulaic way of selling on the way up based on my having had calculated a system that I believed to work based on my own particular circumstances and my then assessment of my having had then reached overaccumulation status.
There are likely guys who have been going through fairly BIG dilemmas regarding their own bitcoin portfolio and how to manage it, and it seems to me that if guys are still in their accumulation stage, then they likely would not mix buying and selling.. even though some guys do, yet other guys focus only on buying until they reach a certain quantity of bitcoin and/or perhaps until a certain amount of time passes.
Maybe for LFC, a better slogan would be: "I used to be diamond hands, before 2022." hahahahahahaha.. That might be more fitting.
so for short: "used to be diamond hands." That might work.
I know. I am not making any friends with this discussion, so I probably said enough (or more than enough) already.
Since it is looking like a Doji candle, then the question is whether Doji candles are bearish or bullish, and surely whether doji candles are interpreted as bearish or bullish might also depend on how the trend is interpreted.
In this case, we usually would not have a Doji candle at this particular place in our cycle, yet the bitcoin market has a lot of new entrants who are likely influencing bitcoin's historical price dynamics and our conception of cycles is likely either in a state of flux or perhaps being challenged.
I doubt that the 12-month candle is bullish AF as goldkingcoiner is proclaiming it to be, since he is bringing his likely already perceptions about the trend and then interpreting the Doji candle as bullish. Perhaps an attempt to at the power of suggestion (otherwise known as wishful thinking)?
It is called a Doji candle and it can be both bullish and bearish? That makes it even less clear, but thanks for explaining what kind of candle it is. I think we can consider throwing out the cycle theory. Maybe there was never any cycle at all but it was just another case of humans recognizing patterns in chaos where that are none? We will see soon.
If you think about it, this is a Doji candle with the meeting in the middle, but there are ones with the meeting at the top or meetings at the bottom
Like this:
Perhaps we are closest to the gravestone Doji, and that does not sound particularly bullish... on the other hand, maybe we are just a common doji or a long legged doji?
Here's an article explaining Doji Candle types:
https://www.angelone.in/knowledge-center/share-market/types-of-doji[edited out]
Well I did mention what happens if BTC goes sideways for a 8-10 year period of time like gold did for Clinton and part of baby bush.
basically gold did 200-400 usd slot for 10 years. say 1992 to 2002
so maybe btc slots at 75k-130k for years.
one good thing if it happens is fuck that filthy 4 year cycle bullshit.
Over the years, your bitcoin sideways theories have not been working out for you very well, right?
You have been repeating those bitcoin sideways theories for quite a while, several years, and such theories have not been going too well for uie-pooie, especially if you consider all the cornz you failed/refused to accumulate between June 2022 and October 2023. AmInotrite?
I am not even sure if you were participating in this thread very much prior to 2021.. yet prior to 2021 would have had been great times for guys to have had done a lot of their bitcoin accumulation too, in spite of any bitcoin sideways theories that they might have had continued to harbor back in those times prior to 2021, too.
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