Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by 600watt (1)
Either you are close to reaching "fuck you" status, or you have already reached it.
Either of those scenarios would be good newses.
Alternatively, you wrongly believe that you have reached "fuck you" status in regards to you are in a kind of denial state about possible "master(s)" that you are failing/refusing to recognize or grant proper credit(s). That would suck.
Curious question: If one were to finally achieve "fuck you" status level, what would be the motivation to continue posting around here?
Asking for a friend.
So you believe the only reason to be here is to achieve a goal and then leave?
I feel sorry for anyone in that catagory.
I was joking of course, because otherwise I would have been out of here long ago.
But clearly that has been the only goal of so many judging from how many posters have dropped off over the years. Sad really.
With the passage of time, it seem to me that we have more regulars in this thread - members who provide decent ongoing contributions, and fewer trolls, too.
(...)
I seriously worry about being able to "cash out" when "fuck you" rich. I fear that, by that time, all the cameras, guns, machetes, rusty pipes and what have you, will be pointing at us HoDLers, even going so far as to label us criminals, DPR v.2 (or is it v.3?), or some other "guilty-until-proven-innocent" accusation. It all depends on how "accepted" Bitcoin will be at that point. And, as you know, timescales in Bitcoin time are very short, meaning that we'll know quite soon. It's all good to imagine an ideal world where TPTB have accepted and even endorsed Bitcoin, but I don't think this will be an easy battle. We may win, but there will be blood.
Of course this "cashing out" may not even be necessary, if things play out in Bitcoin's favour, and BTC (or satoshi, or whatever fraction of a satoshi results from a 2nd layer solution, should 1 BTC > $1M) ends up being usable in buying everyday goods and services. This would be an ideal situation, in which BTC's intrinsic value stays in the BTC realm and we directly use it to survive (food, shelter, Lambos, hookers, blow, the usual necessities). But, somehow, I don't think it will be that easy. Not when the establishment sees their power taken away. They won't surrender without a fight.
My advice is to be prepared for any possible outcome. Personally, I'm more exposed to BTC than I am to more traditional investments, but I can surely survive (and ever enjoy the occasional little pleasures—but nowhere near "fuck you" rich status) without touching my BTC. I just follow the "invest what you can afford to lose" motto, while at the same time supporting and firmly believing that Bitcoin will succeed.
In short, as Bitcoin's value is rising, my feelings are bittersweet. Sweeter than bitter, of course, but there's always that aftertaste you get when chewing a dirty piece of paper...
(...)
Alcohodl, it is ok to get fkn rich due to years of hardened bitcoin hodl. you don't need to be scared. you earned it and folks will admire you for it. I doubt that bitcoiners will have to fear getting robbed more than the casual millionaire next door.
you deserve it because you went down the rabbit whole and put money in some magic internet money shit when everyone laughed about it. you helped this revolution get ignited, you carried the torch in a critical time of its existence. when it was vulnerable.
the bitcoin KI will not forget you and will reward you royally.
it will be easy. the difficult times were the gut wrenching multiyear bears. the next difficult times are now. but the future is bright, bro.
and.. how do you sleep with less than 90% bitcoin exposure?
You see.
It's confirmed that this whole thing is going to be o.k.
Sure, it may not quite be as rosey as 600watt is seeming to make it out to be, including possibilities that some liquidation avenues might dry up from time to time or the terms of the offering of liquidation services may change from time to time and vary based on location.
At the same time, while some liquidation avenues close, other liquidation avenues are likely going to open up too.
How the fuck do we have Bitmex getting prosecuted the fuck out of (at least the filing of criminal charges and putting one of the founders into custody as a kind of hostage situation) - while at the same time, have places like Wyoming authorizing Kraken to become its first bitcoin bank, and people (companies) like Michael Saylor investing around 85% of his company's cash reserves into directly owning bitcoin and other companies like Grayscale and Square equally purchasing nearly the whole new bitcoin mining amount on a daily basis.
We should not be just focusing on the doom and gloom news or even wishing away any bad news by creating a rosey scenario, instead we just need to play out these matters while keeping the vast majority of our coins secured (by ourselves) and maintain and potentially explore and practice some of the liquidation methods on a somewhat regular basis to make sure that there are a few options that exist, for us personally, and if some of our options dry up, then we likely need to seek (and expand into) other liquidation avenues.