Time to fulfill Afrikoin's prophecy.
I'm already sold out and waiting for $750.
Not 100% on 750 but I'm in fiat unless it pops up convincingly through those walls. It's been a bit of a slow grind down so we'll see where it bottoms out. I hope Africoin is correct.
JJG thought I was a reckless gambler when stating I had gone all fiat @ 1200 USD. I see no reason to play bits of this and that and percentages. I go with momentum and and have no problem reassessing my position and changing if need be. Not panicking and buying back when it went higher than 1220 took some restraint but I was confident in the position.
You can be confident all that you like, and you can end up being correct in your prediction, but based on your explanation above, it still sounds to me that you are engaging in reckless and unnecessary gambling.
Have you bought back yet, some or all? If not, what is your price point(s) to buy back?
Why take chances and play around with 100% of your holdings when there are a lot of safer and less reckless approaches?
Are you aware that you are trying to rationalise against something that you are ALMOST doing? (there's not much difference between 90% and 100%).
I don't know if the price will go up or down.... just making a point about something I find a bit incoherent.
Yes, we already went over this several times in our earlier discussion of the topic.
I thought that the punchline was that we disagree.
I already stated my reasons for disagreeing with you, and you already provided your reasons for disagreeing with me... but apparently, you want to continue to discuss the matter.
You already know from where I am coming from. Whether you agree or not or understand, I already told you that I do not care because I am going to continue to make my various assertions regarding the benefits of incrementalism and the folly of balls to the walls strategies.
Further more, you describe my system as 90 to 95% (as compared with 100%) - and that is a bit of bullshit, because we are not talking about me being 90-95% fiat, we are talking about bitcoin, and sliverfuture is going 0% bitcoin because he wants to gamble. There's a pretty big fucking difference between 95% and 0%, no? And, you are saying that it doesn't matter which one we are talking about .. blah blah blah.. It does matter, and likely plays out considerably different in practice too (not just theory).