Quote from: nullius on March 16, 2020, 04:30:17 AM

Quote from: mindrust on March 13, 2020, 04:48:07 AM

I didn't lose faith in bitcoin. I lost faith in humanity.

Im in Bitcoin, because I never had faith in humanity. Bitcoin is a system which exploits ruthless self-interest to coerce people who hate each other into cooperationfor the good of Bitcoin, not for each other.

I am sorry for your loss. By that I mean, your dearly departed coins which I know you are mourning.

I have all of my life savings in Bitcoin. All the liquid money that I have, aside from hand-to-mouth scraps of fiat to cover my mundane expenses (and I live simply). It is money that I cannot afford to lose; for I was never an investor, and I never thought of it as a financial investment per se. Bitcoin is to me more than money. Also, I cant preach something to people if Im not living it. Also, I play for keeps; and that means going all in. I have always been that way.

For the past few days, I have been ignoring the market (as I usually do). I dont even know the current ~~price~~ exchange rate (non-monetary commodities have prices; currencies have exchange rates!).

I couldnt panic-sell, even if I wanted to: I have never had a KYCed fiat-crypto exchange account. Getting my money into Bitcoin anonymously was a major project; and it cost dearly, especially given that I was ignoring the market as usual. Selling my coin for fiat would be even more difficult, because its easier to spend fiat cash anonymously than to obtain fiat cash anonymously. But I dont mind being stuck with Bitcoin. Married to it.

Now, it is foreseeable that in the near future, I may wind up with Bitcoin and no food. I am a practical man; and frankly, I will admit that I would rather have food. Still, I am glad that I have my Bitcoin. Bitcoin makes me happy.

Quote from: nullius on December 29, 2017, 11:58:26 PM

I was pleased, when I saw this:

Quote from: Dorkie on December 14, 2017, 02:42:04 PM

Nullius' sole objective is to facilitate the mass adoption of bitcoin.

That is actually not emotional on my part; and it is not a religion, my sense of humour notwithstanding. Bitcoin is the concrete embodiment of higher principles. At this point in history, it is one thing that can help slow our descent into a terrible abyss. That, I care about more than I care about money.

I dont recommend buybacks based on emotions, any more than I would recommend panic-selling. The cool, savvy approach will result in having more Bitcoin in the long run. I do think the banks are trashing us now. Panic-selling means ~~money~~ value in their pockets (correction noted as to a principle that most people never understand: the nature of money); so would whipsawing around with effectually FOMOing. Just pretend that you are approaching this for the first timeso, how would you get into Bitcoin now? Pretend that you just saw the term maximalism for the first time, and youre such a n00b that you assume it means maximizing the amount of Bitcoin that you have. ;-)

In the real world, many of us need to balance our fiat and our bitcoin, and the vast majority of people are going to consider a variety of ways that they are able to liquidate their bitcoin, if needed.

So, I am not sure how useful it is, if any of us is forced to HODL by NOT having liquidation avenues.

Recall in late 2017 and early 2018, there was a member here who was striving to figure out how to cash out some BTC, and purportedly the quantity added up to several $million.. and so there were issues with cashing out through coinbase, and Gemini ended up being a more practical avenue for that member. Can be kind of fucked, if any of us needs (or wants) to sell or shave off some BTC and convert into dollars and have no avenues to accomplish such liquidity.

Of course, if the timeline of any of us is long enough, such as 5-10 years, then maybe we will figure out our liquidation avenues at that time.

I personally believe that it is somewhat crazy to take your bitcoin to your grave with you or even to pass them down to heirs who likely do not deserve them even close to as much as the HODLer/accumulator deserves to keep them whether the purposes are for hookers, lambos and blow or other self-indulging reasons (such as eating steak and lobster rather than catfood).

Quote from: jojo69 on March 16, 2020, 04:44:27 AM

Yeah I dunno

I shaved off my "feeling better" money at $13

dollars

...I ain't doing that shit again

What about the hookers, lambo, blow, steak and lobster, instead of catfood?

Helrow, jojo?

Quote from: nullius on March 16, 2020, 05:14:56 AM

Quote from: JayJuanGee on March 16, 2020, 04:40:27 AM

[edited out]

How is that for negativity? :-)

It's almost like Armageddon, so yeah, pretty damned negative.

Personally, I don't tend to put more than a small amount of effort in Armageddon scenarios. Sure it is good to be prepared for extremes, but gotta be careful NOT to invest too much into a scenario that might only have a 1% chance of happening, even during our chicken head cut-off state of affairs.