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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 20/03/2021, 19:22:31 UTC
⭐ Merited by shahzadafzal (1)
Yesterday, a neighbour asked me if I know anything about "cryptocurrencies". A couple of years ago I would jump at the opportunity to explain to him all about it, teach him how to set up a wallet, open a Kraken account, etc. Now, I just replied "I've been reading about it, seems to be a thing. Don't know much more than that though, sorry..."

Can't be bothered anymore. It's the same old story, the more others know about you and what you can do, the more work and trouble will fall on you, because, in the end, it comes down to human nature. Everyone's looking for a free lunch, a pill they can swallow and suddenly solve their lives' problems. Well, I say "fuck you, get on your bike and work for it."

I suppose that how you react in part depends upon how much interaction that you have been having with such neighbor and the extent to which you might be ready, willing and/or able to spend some time with such neighbor to engage in such topic... and perhaps even a history that you have had with such neighbor in terms of other topics.

I have some neighbors that I am more than willing to share information, and other neighbors who just seem to go on some kind of nonsense and irrelevant tangent no matter what the topic, and surely I have learned that spending much if any time with such digressing neighbors is hardly worth any efforts.

Another scenario, surely, is someone with whom we may have already discussed bitcoin, and if they bring up the topic again, we might consider are they just curious for academic sake or has something actually changed in their lives in order for them to be more likely to act rather than just asking about the topic just to find out information about us rather than actually taking any meaningful and/or substantive actions.

Yesterday, a neighbour asked me if I know anything about "cryptocurrencies". A couple of years ago I would jump at the opportunity to explain to him all about it, teach him how to set up a wallet, open a Kraken account, etc. Now, I just replied "I've been reading about it, seems to be a thing. Don't know much more than that though, sorry..."

Can't be bothered anymore. It's the same old story, the more others know about you and what you can do, the more work and trouble will fall on you, because, in the end, it comes down to human nature. Everyone's looking for a free lunch, a pill the can swallow and suddenly solve their lives' problems. Well, I say "fuck you, get on your bike and work for it."

Wow I thought I’m alone in this... trust me I used to sit down with pen and paper to explain this to my seniors and peers. And most of the time it would end like “oh that’s a big bubble”...or “I didn’t get it, prove to me how Bitcoin is worth $6,000”.... “there are only 21 million bitcoins, that’s not how money works”.... and most of the time usually will stop here when they will hear “yes uncle, you need internet all the time”.

I just keep everything to myself or put it here on WO Smiley

Yup, I've definitely stopped tying to explain btc to anyone these days. It's not as if there isn't enough info on the interweb now for anbody with sufficient motivation to go and find out for themselves.

I introduced several friends to bitcoin in 2013. One invested almost immediately and hodled for a few years, cashing out most of their stash near the 2017 top. They made a tidy sum but their stash is now very small and they've largely missed out on this run.  Another friend left it far too late to buy in, and did so near the 2017 top and also bought a load of shitcoins because they "couldn't afford bitcoin".  Roll Eyes They then panic sold everything during the following bear market and made a huge loss. The other day I was disheartened to hear that the same person is now buying shitcoins again. They did at least admit that they should have listened to me properly in 2013.

So I feel like I was half successful with the first friend and completely unsuccessful with the second friend, even though the info I explained to them was identical. So my conclusion was that some people are just not ready for this and I can spend my time in better ways.

As the old saying goes, "you can lead a horse to water but you can't make it drink."

Unfortunately, some people who know I have bitcoin seem not to care for my opsec and will happily discuss the fact that I hold btc with anyone they feel like. Which is annoying, since I don't go around talking about anyone else's finances. So I am wondering how to address this issue. It didn't seem to matter many years ago that I had told a few of my friends about my btc holdings but now, at these prices, it's something I wish I hadn't done.

Anyone else in the same boat?

I agree that it can be a bit difficult to deal with some of the rumorings that might go on in regards to either your bitcoin involvement or your bitcoin stash, and surely there could be ways to put out some disinformation or just deny that you had ever had much if any kind of stash or that mistakes have been made along the way.. none of which would be false, because likely any of us could make some proclamations regarding various kinds of mistakes that we have made along the way... a quite common one also is that many of us will tend to have fewer bitcoins than we used to have, except of course those who are in a more focused accumulation phase.. which (if you do happen to have more BTC now than you had earlier) still could be characterized as a kind of situation that you wished that you would have bought more at lower prices (which is also not a lie and could be considered a kind of mistake).

Another possible approach is to talk about the stashes of some other persons that you might know (even if you might not name such person specifically), and to maybe suggest that person has done x, y or z in regards to his/her bitcoin stash which had proven to be a) profitable, b) less than ideal c) a dumb move d) purely genius, e) lucky as fuck or f) some other characterization that you would like to give to such "person I know" or "would like to know" situation.

And, when such acquaintance says:  "but I am asking about uie pooie" then you can engage with them more directly and ask them if they would like it that you ask them about their financial situation.  If they say: "oh I would not mind at all, I am an open book."  Then you can tell them that either they are dumb as fuck for failing or refusing to engage in such discretion or that what they have likely amounts to nothing or nearly nothing and that is the reason that they are so willing to share such information, so in that regard, maybe they should figure out some strategies to try to accumulate some wealth so that they might be able to understand why they more wealth that you end up accumulating the less likely you will be (or should be) willing to advertise such wealth that you may or may have not accumulated.