Quote from: OutOfMemory on Today at 08:55:50 AM

good morning.
continued monthly lump sum today, as salary dropped in on my bank account.
proud to have bought today's local top Grin

Good job, OOM!!!!!!!!

Thanks for taking one for the team.

I was wondering why we like you so much in these here parts.

Quote from: LFC_Bitcoin on Today at 08:58:16 AM

This is 100% me.

Who else?

Grin

@BitcoinMagazine
Very true 😅

https://twitter.com/bitcoinmagazine/status/1420491808459591686?s=21

My initial thought was to reconfigure the bank dog as a puppy, but then I realized that even though we are in the midst of a rebound from a 56% correction, we are still bouncing around in about a 40% (actually 38.5%) correction range, but overall what the hell we talking about, we are around 4x up from early September 2020.. yeah, that is close to 11 months ago, but still gotta be feeling largely UP, still - even if some folks are still anxious for MOAR up....

What I am trying to say is that giving credit to the system that I follow, I am not really needing to re-depict the bank account image as a puppy because for some strange reason, when bitcoin goes up my cash goes up too, and we are still in a great place (since I have been in bitcoin for nearly two full cycles now), and both my bank and my bitcoin kind of go up together - even though of course, over the years my bitcoin size has largely dwarfed all of my other investments and I have allowed bitcoin to remain a kind of disproportionate size in comparison to the rest, because it got there through disproportionate performance without any real signs that it is going to underperform various other asset classes - even if we may well have some dippenings here and there along the way.

I think again that I must give some credit to the time factor, and many of us have probably heard of the expression that it is not timing the market, it is time in the market, and with bitcoin, some might think that there is a kind of get rich quick ability, but still I tend to think that even if a guy (or gal for that matter) has a decent amount of resources, s/he still likely needs more than just one cycle for a lot of the varying comfort levels to start to play out.. and gosh, I don't mean to be imposing my own financial status on other people because I appreciate that we are starting from a variety of starting positions... so getting back to my earlier point regarding my sense that through my own way of attempting to manage my bitcoin holdings, both bitcoin and cash reserves have a tendency to go up together, but the contrary seems to be quite true also, in terms of some of the tighter and emotional times do seem to tend to come when the BTC price goes shooting down and if it stays down for a long time, then both the bitcoin value and the cash reserves seem to experience a whole hell of a lot of stresses that could become unbearable (perhaps causing a mindrust melt situation) in the event that a decent amount of financial and psychological preparations are not attempted... and maybe also experience has taught that maintaining a certain level of reserves (even in dirty fiat) can be quite handy-dandy during those holy shit DOWNity moments that come from time to time (perhaps inevitable, I don't know?).

I am not even personally except from having had gone through some cashflow shortage situations upon considerable and extended DOWNity periods, even though I like to conjecture that I believe that I have gotten better at some of the following through with attempting to take preventative measures, even when I cannot feel that I am immuned to feeling as if I may well have future stresses regarding whether I may have spent too much, or failed to sufficiently prepare my lil selfie for downity when those moments come.. so having an upcoming bill (or set of bills) in 4-6 months, and then feeling like you can ride out the volatility, but then the BTC price ends up going down and staying down the whole time can still cause some frustration even if your overall bitcoin portfolio might be 5x, 20x, 50x or even 100x in profits (even after the dippening scenario ends up materializing in reality - rather than hypothesized as "unlikely").