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Author Topic: Buy the DIP, and HODL!  (Read 77572 times)
ajiz138
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October 24, 2022, 07:00:11 PM
 #1621

Is your patience being tested by Bitcoin's price movement? Are the current FUD starting to put doubts in your mind? I'm one of the most optimisic HODLers in the forum, but I'll admit that the doubts are sometimes there, causing me to question my investment-thesis.

I'm merely a pleb, and as a pleb, I believe we should ZOOM OUT, when in doubt, https://twitter.com/btcmemecreator/status/1584395072921292800

Patience is still being tested with the movement of bitcoin $20k- $19k constantly going back and forth.
Any FUD will not raise my doubts about Bitcoin in fact I am excited to remain a true Hodler.  Cool
I'm still trying to keep it up even though there are always thoughts about my investment in Bitcoin. So I forgot about that.

Bitcoin is still stuck at this price. LOL


https://twitter.com/giorgos_anasmd/status/1584607400237338625/photo/1

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Wind_FURY (OP)
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October 25, 2022, 06:35:38 AM
 #1622

I'm one of the most optimisic HODLers in the forum,

Oh gawd..  Roll Eyes Roll Eyes Roll Eyes

How do you know?

and why would it even matter?


Ser, I believe your ego, and probably a biased attitude towards your fellow HODLers, is affecting your mood. I was merely making a point that even the most optimistic of HODLers will have doubts in their investment thesis, especially during the lows of the bear markets.

But, I'm a mere pleb, and the stupid one in the forum at that, and you're the "Legendary Whale-Investor". If you ridicule me, that's OK. Cool

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JayJuanGee
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October 25, 2022, 06:52:19 AM
 #1623

I'm one of the most optimisic HODLers in the forum,
Oh gawd..  Roll Eyes Roll Eyes Roll Eyes

How do you know?

and why would it even matter?
Ser, I believe your ego, and probably a biased attitude towards your fellow HODLers, is affecting your mood. I was merely making a point that even the most optimistic of HODLers will have doubts in their investment thesis, especially during the lows of the bear markets.

But, I'm a mere pleb, and the stupid one in the forum at that, and you're the "Legendary Whale-Investor". If you ridicule me, that's OK. Cool

I am not even attempting to ridicule you.

I was pointing out an issue in terms of your way of phrasing the issue of your claiming to be the most optimistic of HODLers.. and surely the evidence does not support that statement, and that's why it would have been better for you to frame your claim in terms of your opinion or your feeling.. like I mentioned.

Regarding my alleged legendary whale investor status, there's no evidence to support that claim either.

Yes, i use various hypotheticals in order to describe goals and BTC accumulation strategies, and sure I have had the forum legendary title for several years (even prior to the merit system), but that still would not be accurate to hone in on my supposedly having "whale investor" status, and maybe defining a whale as having more than 0.63 BTC, then I would be guilty of making such BTC portfolio size admission in the past.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
Wind_FURY (OP)
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October 25, 2022, 11:39:05 AM
 #1624

I'm one of the most optimisic HODLers in the forum,
Oh gawd..  Roll Eyes Roll Eyes Roll Eyes

How do you know?

and why would it even matter?
Ser, I believe your ego, and probably a biased attitude towards your fellow HODLers, is affecting your mood. I was merely making a point that even the most optimistic of HODLers will have doubts in their investment thesis, especially during the lows of the bear markets.

But, I'm a mere pleb, and the stupid one in the forum at that, and you're the "Legendary Whale-Investor". If you ridicule me, that's OK. Cool

Regarding my alleged legendary whale investor status, there's no evidence to support that claim either.


But you are, it would obviously be very impossible for a HODLer who has started DCAing since 2014 to not be a Legendary-Whale-Investor. Plus it's OK to ridicule me, because you as HODLer who buys Bitcoin monthly at any price since 2014 or before that, optimism should have a new definition. Cool

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JayJuanGee
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October 25, 2022, 04:17:10 PM
 #1625

I'm one of the most optimisic HODLers in the forum,
Oh gawd..  Roll Eyes Roll Eyes Roll Eyes

How do you know?

and why would it even matter?
Ser, I believe your ego, and probably a biased attitude towards your fellow HODLers, is affecting your mood. I was merely making a point that even the most optimistic of HODLers will have doubts in their investment thesis, especially during the lows of the bear markets.

But, I'm a mere pleb, and the stupid one in the forum at that, and you're the "Legendary Whale-Investor". If you ridicule me, that's OK. Cool
Regarding my alleged legendary whale investor status, there's no evidence to support that claim either.
But you are, it would obviously be very impossible for a HODLer who has started DCAing since 2014 to not be a Legendary-Whale-Investor. Plus it's OK to ridicule me, because you as HODLer who buys Bitcoin monthly at any price since 2014 or before that, optimism should have a new definition. Cool

There is no need to play the Victim card, and relatively speaking, even for you - of around 6.5 years registered on the forum, you are starting to accumulate enough time that even a relatively modest investment amount over that amount of time, such as $10 per week would have gotten you to more than 1 BTC of accumulation with a total of $3,360 invested.  Of course, if you had been able to be more aggressive, such as $100, you would have had 10x the amount invested with $33,600 and around 10 BTC accumulated...

Of course, people (including newbies to bitcoin) need to start from where they are at and to be as aggressive as they can in their accumulation strategies without becoming too aggressive that s/he ends up panicking at various points along the way.

You don't exactly have my strategy correct, to the extent that my strategy is relevant, and for some reason you have a tendency to ignore information pieces, even when they are presented to you..... and I already stated that I have only admitted to having more than 0.63 BTC, and I tried to ask you what whale status is to you, exactly?  Another problem with your attempt to focus so much on the individual, rather than the idea would be that you have tendencies to attribute a kind of "talking your book," and you should realize by now that my own way of framing matters has to do with describing strategies that depend upon what stage a BTC accumulator/HODLer might be in... accumulation stage, maintenance stage or liquidation stage.

If a person is in BTC accumulation stage, then s/he would likely be accumulating at any price and also combining strategies of DCA, buying the dip and lump sum buying.

So, instead of getting caught upon what my particular circumstances might be (that seems way too distracted), focus on your own circumstances to figure out where you are at?  Are you in accumulation mode, maintenance mode or liquidation mode... and for sure, since we still seem to be so early in bitcoin's adoption, it seems that there are way more people who are going to be in BTC accumulation stage rather than either maintenance or liquidation stages. 

Do you believe that there is something wrong with my perspective or that I am talking my book or that my comments are not necessary if I have a tendency to be aiming more of my comments at newbies who are in BTC accumulation stages?  rather than directing my comments at longer term folks who may have entered into maintenance and/or liquidation stages?  Is there a conflict of interest?  Is that what you are trying to suggest Wind_FURY?

How much value might we presume to be a target BTC accumulation level for any particular member may well have to do with which part of the world that they live and how much they believe that they need to either make it to fuck you status or to be on the road to fuck you status, but overall even if the actual BTC accumulation (or even dollar equivalent) is figured out, all of the individual factors would also need to be accounted in terms of figuring out the goals, how to get to the goals and maybe even how to maintain staying within the goal target area once arrived within parameters that are close to the goals, within the goals or exceed the goals.

Individual considerations include but are not limited to cashflow, other investments, view of bitcoin as compared with other investments, timeline, risk tolerance, and time, skills, goals (investment/lifestyle targets) and abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.

It can take a long time to figure out each of the subcategories within the individual considerations, yet no one has to figure them all out before getting started investing in bitcoin.. and accordingly any person could start by investing small or investing something that they believe is reasonable and prudent - and continue to study their own circumstances, and perhaps tweak their investing strategy from time to time along the way.

Does this help you to understand or perhaps to focus ur lil selfie MOAR better Wind_FURY?  Or do you feel compelled to continue to focus on how my situation is supposedly different or supposedly better than everyone else's?  Remember yourself.. nearly 6.5 years.. a decent amount of time in bitcoinlandia... and cannot continue to be calling yourself a newbie or proclaiming newbie victimhood, right?  You have had nearly 6.5 years of opportunities to plan, put plans into place and to tweak your plans from time to time as you (within your complete discretion) deem appropriate, reasonable, relevant and even prudent to your own circumstances.  Regrets?  Any?  If so, what you going to do about it now? Play victim card or take responsibility for your own situation and compare ur lil selfie to yourself, no?

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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October 25, 2022, 06:14:41 PM
 #1626

I guess, this is the best opportunity people can use to buy bitcoin in this bear market and hold with bold mind of making profits in the future, because there is a great reward for those that will exercise patience with the current price situation. There are many signs some investors have seen to believe that next year 2023 will be a better year for all investors that took their time to invested in Bitcoin because Bitcoin still remain the king among other cryptocurrencies, which will be very easy for those that invested in bitcoin to earn well from their investment when the price move higher in the crypto market.

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October 26, 2022, 06:28:03 AM
 #1627

I'm one of the most optimisic HODLers in the forum,
Oh gawd..  Roll Eyes Roll Eyes Roll Eyes

How do you know?

and why would it even matter?
Ser, I believe your ego, and probably a biased attitude towards your fellow HODLers, is affecting your mood. I was merely making a point that even the most optimistic of HODLers will have doubts in their investment thesis, especially during the lows of the bear markets.

But, I'm a mere pleb, and the stupid one in the forum at that, and you're the "Legendary Whale-Investor". If you ridicule me, that's OK. Cool
Regarding my alleged legendary whale investor status, there's no evidence to support that claim either.
But you are, it would obviously be very impossible for a HODLer who has started DCAing since 2014 to not be a Legendary-Whale-Investor. Plus it's OK to ridicule me, because you as HODLer who buys Bitcoin monthly at any price since 2014 or before that, optimism should have a new definition. Cool

There is no need to play the Victim card

Snip


Relax ser, you're almost having the same reactions as franky1.

Believe me, no one is playing the "Victim Card" because there's obviously no victim. You're the one who believes that. I'm merely making my own point, and if it deserves to be ridiculed, then it's OK. I learn the hard way. Plus there's no need for it to be written in paragraphs and paragraphs of long rants that no one will waste their time to read.

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JayJuanGee
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October 26, 2022, 06:55:21 AM
 #1628

I'm one of the most optimisic HODLers in the forum,
Oh gawd..  Roll Eyes Roll Eyes Roll Eyes

How do you know?

and why would it even matter?
Ser, I believe your ego, and probably a biased attitude towards your fellow HODLers, is affecting your mood. I was merely making a point that even the most optimistic of HODLers will have doubts in their investment thesis, especially during the lows of the bear markets.

But, I'm a mere pleb, and the stupid one in the forum at that, and you're the "Legendary Whale-Investor". If you ridicule me, that's OK. Cool
Regarding my alleged legendary whale investor status, there's no evidence to support that claim either.
But you are, it would obviously be very impossible for a HODLer who has started DCAing since 2014 to not be a Legendary-Whale-Investor. Plus it's OK to ridicule me, because you as HODLer who buys Bitcoin monthly at any price since 2014 or before that, optimism should have a new definition. Cool
There is no need to play the Victim card

Snip
Relax ser, you're almost having the same reactions as franky1.

I don't think so.

Believe me, no one is playing the "Victim Card" because there's obviously no victim.

Well I am glad that you don't consider yourself a victim, even though you seemed to have been playing the victim card, as I already sufficiently elaborated in respect to that point.

You're the one who believes that.

Yes.  I believe that you were playing such Victim card for the reasons that I already stated.

I'm merely making my own point, and if it deserves to be ridiculed, then it's OK.

Your point was distracted in so far it was attempting to get caught upon advantages of longer term users, and seeming to imagine as if longer time Bitcoiners might not be able to relate to some of the potential trials and tribulations of newbies or new entrants into BTC.

I learn the hard way.

Seems like it; however, on the bright side, if you actually are still learning, then that would be a positive angle, for sure.

We all make mistakes, and some of us attempt to learn from our mistakes and some of us will be more successful in learning from our mistakes than others.  I am not trying to position myself as if I might not have difficulties learning some things, too.

Plus there's no need for it to be written in paragraphs and paragraphs of long rants that no one will waste their time to read.

Whether you read my response or not is up to you. Whether others read my posts or not is up to them. I write up to the level that I feel that I would like to respond to what I perceive to be the topic and the response points in accordance with my own discretion regarding what I would like to say.  Last time I checked we were posting in a public thread.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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October 26, 2022, 08:05:26 AM
 #1629

Patience is still being tested with the movement of bitcoin $20k- $19k constantly going back and forth.
Any FUD will not raise my doubts about Bitcoin in fact I am excited to remain a true Hodler.  Cool
I'm still trying to keep it up even though there are always thoughts about my investment in Bitcoin. So I forgot about that.

Bitcoin is still stuck at this price. LOL


https://twitter.com/giorgos_anasmd/status/1584607400237338625/photo/1
If we fixate on price movements that are still stuck in the circle of $19K - $20K or $20K - $19K, it will make us bored and very easily influenced by the situation. This is what we need to get rid of, even this we need to convey to those who are still weak so that they can be as strong as us.
We are still very confident in Bitcoin. It is our belief in Bitcoin that sets us apart from those who are still undecided.

R


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October 26, 2022, 08:52:19 AM
 #1630

A good strategy if we can buy dip and sell high, the problem is of course whether the current price has been dip or there is still an opportunity to dip again, and in my opinion the simple thing I do is to immediately buy even though it is more expensive than yesterday then hold so that we has the opportunity to profit when market rising.
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October 26, 2022, 08:54:38 AM
 #1631

I guess, this is the best opportunity people can use to buy bitcoin in this bear market and hold with bold mind of making profits in the future, because there is a great reward for those that will exercise patience with the current price situation.
HODL is still the best strategy , while others are not believing yet there are  so much  that we still see in our time now , from 2021 Bull market and now that we are near or i mean in Bear market.
Quote
There are many signs some investors have seen to believe that next year 2023 will be a better year for all investors that took their time to invested in Bitcoin because Bitcoin still remain the king among other cryptocurrencies,
what signs are those? investors believe in signs ? is this really a thing in investing?

Quote
which will be very easy for those that invested in bitcoin to earn well from their investment when the price move higher in the crypto market.
easy investing? lol you are kidding here , there is no easy way to earn in crypto  but to risk and wait.

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October 26, 2022, 10:32:33 AM
Merited by JayJuanGee (1)
 #1632

If we fixate on price movements that are still stuck in the circle of $19K - $20K or $20K - $19K, it will make us bored and very easily influenced by the situation.

Yes, much better to be hot and heavy over $10k massive dip and then whipping ourselves into a frenzy to $25k before middling ourselves in a seesaw between that range for the next year or so, right?

But if consolidation and sideways are going to make us bored and "easily influenced", maybe Bitcoin isn't for us?

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October 26, 2022, 11:58:09 AM
Merited by JayJuanGee (1)
 #1633

I'm one of the most optimisic HODLers in the forum,
Oh gawd..  Roll Eyes Roll Eyes Roll Eyes

How do you know?

and why would it even matter?
Ser, I believe your ego, and probably a biased attitude towards your fellow HODLers, is affecting your mood. I was merely making a point that even the most optimistic of HODLers will have doubts in their investment thesis, especially during the lows of the bear markets.

But, I'm a mere pleb, and the stupid one in the forum at that, and you're the "Legendary Whale-Investor". If you ridicule me, that's OK. Cool
Regarding my alleged legendary whale investor status, there's no evidence to support that claim either.
But you are, it would obviously be very impossible for a HODLer who has started DCAing since 2014 to not be a Legendary-Whale-Investor. Plus it's OK to ridicule me, because you as HODLer who buys Bitcoin monthly at any price since 2014 or before that, optimism should have a new definition. Cool
There is no need to play the Victim card

Snip
Relax ser, you're almost having the same reactions as franky1.

I don't think so.

Believe me, no one is playing the "Victim Card" because there's obviously no victim.

Well I am glad that you don't consider yourself a victim, even though you seemed to have been playing the victim card, as I already sufficiently elaborated in respect to that point.

You're the one who believes that.

Yes.  I believe that you were playing such Victim card for the reasons that I already stated.


Contrary to what you believe, or probably what you want to "believe", no I am not playing the victim card. It's simply not me. I personally believe that each person should stand up for himself, especially against bullies, name-calling trolls, and gaslighting charlatans in the forum.

BUT criticism from a Bitcoin OG/Legendary-Whale-Investors such as you, who is a positive influence for the whole Bitcoin community, not just in this forum, is OK for me. It's probably I respect you too much. Is that wrong of me?

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October 26, 2022, 04:38:50 PM
Merited by ajiz138 (1)
 #1634

A good strategy if we can buy dip and sell high, the problem is of course whether the current price has been dip or there is still an opportunity to dip again, and in my opinion the simple thing I do is to immediately buy even though it is more expensive than yesterday then hold so that we has the opportunity to profit when market rising.

We are not talking about selling in this thread.

We are talking about ways to accumulate though buying the dip and also to HODL.. if you run out of money from buying the dip.

Some of us, including yours truly believe that DCA buying is a superior strategy to buying the dip, even though surely both buying the dip and lump sum investing can supplement a DCA strategy.

I guess, this is the best opportunity people can use to buy bitcoin in this bear market and hold with bold mind of making profits in the future, because there is a great reward for those that will exercise patience with the current price situation.
HODL is still the best strategy , while others are not believing yet there are  so much  that we still see in our time now , from 2021 Bull market and now that we are near or i mean in Bear market.
There are many signs some investors have seen to believe that next year 2023 will be a better year for all investors that took their time to invested in Bitcoin because Bitcoin still remain the king among other cryptocurrencies,
what signs are those? investors believe in signs ? is this really a thing in investing?
which will be very easy for those that invested in bitcoin to earn well from their investment when the price move higher in the crypto market.
easy investing? lol you are kidding here , there is no easy way to earn in crypto  but to risk and wait.

1) Seems to me that DCA is the best strategy.. rather than HODL.. but of course, what is the best strategy may well depend upon where any of us might be at in terms of our bitcoin journey, and if we have already accumulated a lot of bitcoin, then we might feel that we do not need to accumulate anymore bitcoin, but even in that case, buying on dip might be a good strategy, even a better strategy than HODL.

2) Maybe in the end of your response when you mentioned "crypto" you miss spoke?  Fuck crypto.  We are talking about bitcoin here, and these strategies to invest long term apply to bitcoin, they do not necessarily apply to shitcoins.. because shitcoins you need to worry about your ins and your outs and getting rug pulled at any time.  So it is way more difficult to come to a conclusion that investing in crypto or any shitcoin can have a long term investment thesis.. so we are not talking about that here.. because focusing on bitcoin and having figured out that bitcoin actually does have a decently strong long term investment thesis is likely difficult enough than to suggest that investing in "crypto" or some random shitcoin is even close to the thing that we are talking about here, in this thread.

If we fixate on price movements that are still stuck in the circle of $19K - $20K or $20K - $19K, it will make us bored and very easily influenced by the situation.
Yes, much better to be hot and heavy over $10k massive dip and then whipping ourselves into a frenzy to $25k before middling ourselves in a seesaw between that range for the next year or so, right?

But if consolidation and sideways are going to make us bored and "easily influenced", maybe Bitcoin isn't for us?

This is a very good way of framing the seeming dilemma, buwaytress..

Part of the reason that folks get so worked up in regards to various BTC price changes is because they engage in a kind of behavior that involves betting and trying to figure out short to medium price moves that are probabilities at best - in which even if we might believe that the probabilities are on our side, the price ends up moving against us... or in a way that is contrary to our bet.

I am not proclaiming that any of us would be exempt from mistakes, but there are ways to attempt to prepare ourselves financially and psychologically to have plans that might involve ongoing BTC accumulation through DCA or to set our buy on dip amounts, and at the same time, we should not be failing/refusing to buy now (or was it one or two days ago when BTC prices were in the lower $19ks?) in order that we feel adequately prepared for UP too.

If we are pretty know that we have $3k in cash, and we are pretty sure that we have around $2k per month coming in and we have around $1,500 in expenses (including keeping some money aside for our emergency funds), then we might have confidence that we have around $500 per month that we could invest in bitcoin, so we might consider that we have around $6k in total over the next 6 months that we could invest into bitcoin, and we can choose how to do it based on a variety of considerations that include considering whether we have already bought some bitcoin or are we just starting out...

 Maybe we would be more aggressive if we were just starting out, as compared to if we had been investing for 6 years (I know I probably should not be using you as an example, since you assert that you had some fits and starts over the past 6 years).. but anyhow there might be a difference for someone who might have already accumulated a bitcoin or two, versus someone who has no bitcoin but has confidence that s/he is going to be able to invest $6k over the next 6 months.

If we make a plan and strategize regarding how we are going to use that $6k over the next 6 months, we will be better off than if we fail/refuse to plan and then end up panicking.

[edited out]
Contrary to what you believe, or probably what you want to "believe", no I am not playing the victim card. It's simply not me.

Well that's good.  The evidence did not seem to support such a conclusion.. from my perspective.. but whatever..  You do you.   Wink Wink   Tongue Tongue Tongue    Cheesy Cheesy Cheesy

I personally believe that each person should stand up for himself, especially against bullies, name-calling trolls, and gaslighting charlatans in the forum.

Sure.  You believe that I am a bully, name calling troll and a gaslighting charlatan, or are you referring to some other unknown character/member that might exist?

BUT criticism from a Bitcoin OG/Legendary-Whale-Investors such as you, who is a positive influence for the whole Bitcoin community, not just in this forum, is OK for me. It's probably I respect you too much. Is that wrong of me?

I am starting to forget if I was even criticizing you very much, except your word choice.  You know that we started out this back and forth because I was saying that your words about you being the "most optimistic of members" was probably not true or verifiable in the way that you had framed the matter, so why not just take the criticism and move on.. or maybe if you were disagreeing you could say that you really believe that you said made that assertion correctly... Yet, I made a suggestion that if you were to have had merely said something like "from my perspective, I believe that I am amongst the most optimistic of forum members," then I would have had less space to criticize your comment, but I still cannot guarantee that I would not have had reacted to such a claim, and said something like : "you = optimistic, give me a break"  hahahahaha

It's not really that big of a deal, and maybe I am being too much of a meanie.  I don't really mean to be a meanie - especially it was not even that major of a starting point that had gotten us into this back and forth and seemingly devolving matter.

In the end, you do end up doing what you want, so I suppose even if you were to say.. "I am going to continue to assert that the facts establish that I am amongst the most optimistic of forum members," then there is ONLY so far that I can go with responding to that kind of a statement too, except to just assert that I don't believe it... or that our opinions differ on the topic your assertion of greater relative optimism.

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October 26, 2022, 06:16:03 PM
Merited by JayJuanGee (1)
 #1635

Patience is still being tested with the movement of bitcoin $20k- $19k constantly going back and forth.
Any FUD will not raise my doubts about Bitcoin in fact I am excited to remain a true Hodler.  Cool
I'm still trying to keep it up even though there are always thoughts about my investment in Bitcoin. So I forgot about that.

Bitcoin is still stuck at this price. LOL


https://twitter.com/giorgos_anasmd/status/1584607400237338625/photo/1
If we fixate on price movements that are still stuck in the circle of $19K - $20K or $20K - $19K, it will make us bored and very easily influenced by the situation. This is what we need to get rid of, even this we need to convey to those who are still weak so that they can be as strong as us.
We are still very confident in Bitcoin. It is our belief in Bitcoin that sets us apart from those who are still undecided.

More precisely, don't check the market too often, of course we see the situation is still boring, all we do is input dollars into the wallet and buy Bitcoin every week, it's a DCA strategy that almost everyone knows about this practice, but I have to keep it running all the time .

Of course we always get rid of doubts and believe in Bitcoin more, don't think too long because I have been in the crypto world for a long time so I will always keep some assets in Bitcoin.

Bitcoin will get out of bed: https://twitter.com/naiivememe/status/1585289008850309120

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October 27, 2022, 03:14:11 AM
Merited by pooya87 (2), Halab (2), JayJuanGee (1)
 #1636

Patience is still being tested with the movement of bitcoin $20k- $19k constantly going back and forth.
Any FUD will not raise my doubts about Bitcoin in fact I am excited to remain a true Hodler.  Cool
I'm still trying to keep it up even though there are always thoughts about my investment in Bitcoin. So I forgot about that.

Bitcoin is still stuck at this price. LOL


https://twitter.com/giorgos_anasmd/status/1584607400237338625/photo/1
If we fixate on price movements that are still stuck in the circle of $19K - $20K or $20K - $19K, it will make us bored and very easily influenced by the situation. This is what we need to get rid of, even this we need to convey to those who are still weak so that they can be as strong as us.
We are still very confident in Bitcoin. It is our belief in Bitcoin that sets us apart from those who are still undecided.

More precisely, don't check the market too often, of course we see the situation is still boring, all we do is input dollars into the wallet and buy Bitcoin every week, it's a DCA strategy that almost everyone knows about this practice, but I have to keep it running all the time .

Of course we always get rid of doubts and believe in Bitcoin more, don't think too long because I have been in the crypto world for a long time so I will always keep some assets in Bitcoin.

Bitcoin will get out of bed: https://twitter.com/naiivememe/status/1585289008850309120
The key to successful bitcoin investment that I do is, don't pay too much attention and think about it because bitcoin is clear for the long term and also must have a strong belief, and doing the DCA strategy is the best choice and I do that every month to buy bitcoin in small amounts from my income .
I don't care if bitcoin will go up or down because I won't stress and I use it to buy bitcoins out of the rest of the money which I prioritize for all my needs, savings and so on. And savings for urgent needs that won't deplete my bitcoin investment. But if there is an urgent need, except in circumstances that are not possible and have to use bitcoin, I can't help but use it like this incident https://bitcointalk.org/index.php?topic=5401052.0

I strongly believe that bitcoin will rise again even beyond its highest price, I think the current movement of bitcoin is unclear and only confuses people because it only goes up and down a little, which is actually a good time to do DCA, and for the long term.

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October 27, 2022, 07:13:26 AM
 #1637


[edited out]
Contrary to what you believe, or probably what you want to "believe", no I am not playing the victim card. It's simply not me.

Well that's good.  The evidence did not seem to support such a conclusion.. from my perspective.. but whatever..  You do you.   Wink Wink   Tongue Tongue Tongue    Cheesy Cheesy Cheesy

I personally believe that each person should stand up for himself, especially against bullies, name-calling trolls, and gaslighting charlatans in the forum.

Sure.  You believe that I am a bully, name calling troll and a gaslighting charlatan, or are you referring to some other unknown character/member that might exist?


I never called you those things, otherwise if you really are those things, I would have stood up for myself like I do with franky1. You are a Bitcoin OG, and a good one at that. You deserve all the respect.

Quote

BUT criticism from a Bitcoin OG/Legendary-Whale-Investors such as you, who is a positive influence for the whole Bitcoin community, not just in this forum, is OK for me. It's probably I respect you too much. Is that wrong of me?

I am starting to forget if I was even criticizing you very much, except your word choice.  


It doesn't matter, because you're right. I might post that "I'm one of the most optimistic HODLers in the forum", but I wouldn't be as optimistic if it was compared to your optimism. Thank you for supporting the community with your wisdom. Cool

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October 27, 2022, 08:25:46 AM
 #1638

If we fixate on price movements that are still stuck in the circle of $19K - $20K or $20K - $19K, it will make us bored and very easily influenced by the situation.

Yes, much better to be hot and heavy over $10k massive dip and then whipping ourselves into a frenzy to $25k before middling ourselves in a seesaw between that range for the next year or so, right?

But if consolidation and sideways are going to make us bored and "easily influenced", maybe Bitcoin isn't for us?
You are right buwaytress. If we are easily influenced, then Bitcoin is not for us.

Bored. A word with five letters, but can cost us forever.
hold. Four letters that make us smile happily.

That's a picture for those of us who currently have Bitcoin assets.
I don't really care about the current Bitcoin price because the current Bitcoin market situation allows me to get some positives. The positive thing I get is that I don't have much time to spend looking at price charts.

R


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October 27, 2022, 05:39:49 PM
 #1639

The key to successful bitcoin investment that I do is, don't pay too much attention and think about it because bitcoin is clear for the long term and also must have a strong belief, and doing the DCA strategy is the best choice and I do that every month to buy bitcoin in small amounts from my income .
I don't care if bitcoin will go up or down because I won't stress and I use it to buy bitcoins out of the rest of the money which I prioritize for all my needs, savings and so on. And savings for urgent needs that won't deplete my bitcoin investment. But if there is an urgent need, except in circumstances that are not possible and have to use bitcoin, I can't help but use it like this incident https://bitcointalk.org/index.php?topic=5401052.0

I strongly believe that bitcoin will rise again even beyond its highest price, I think the current movement of bitcoin is unclear and only confuses people because it only goes up and down a little, which is actually a good time to do DCA, and for the long term.
I just realized there is that thread, and you are leveraging Bitcoin in the right circumstances. Wink

Exactly, that's what we have to put out of our minds about worries so we need to forget about Bitcoin after investing (in terms of price movements) and focus on Bitcoin but remember I don't like Altcoins that are invested in the long term so I always avoid Altcoins for the long term, except for short term trading sometimes it is often done.
And one more thing that makes us stressed is seeing a fluctuating market, so it must be removed and don't check prices often.

But fortunately my income does not depend on Crypto so I am more free to invest in Bitcoin not with Altcoins and from all that I have invested is that the calculations that have been done including entering the emergency fund and rental needs funds etc. must still be fulfilled, I think this is what keeps me firm on the Bitcoin investments that I keep doing.

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October 27, 2022, 07:10:28 PM
 #1640

If we fixate on price movements that are still stuck in the circle of $19K - $20K or $20K - $19K, it will make us bored and very easily influenced by the situation.

Yes, much better to be hot and heavy over $10k massive dip and then whipping ourselves into a frenzy to $25k before middling ourselves in a seesaw between that range for the next year or so, right?

But if consolidation and sideways are going to make us bored and "easily influenced", maybe Bitcoin isn't for us?
You are right buwaytress. If we are easily influenced, then Bitcoin is not for us.

Bored. A word with five letters, but can cost us forever.
hold. Four letters that make us smile happily.

That's a picture for those of us who currently have Bitcoin assets.
I don't really care about the current Bitcoin price because the current Bitcoin market situation allows me to get some positives. The positive thing I get is that I don't have much time to spend looking at price charts.

Those who think that a sideways market is boring; they will never make money in crypto. This is the consolidation phase of the market where big players accumulate their positions to gain maximum profit in the bull run. If we think in a way like whales, we will be thankful for the market to move to the lowest support level for us to take positions.

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