Well.  It seems a wee bit presumptuous for Biodom to be proclaiming that he knows how "all rich" manage their wealth.

And, for sure you do not need to give up control of your bitcoin keys in order to manage your bitcoin wealth well.. but surely there are likely ways to be creative with how you manage your wealth and if you might want to enjoy consumptions and investments in various assets, services and goods without spending your wealth, but instead leveraging your wealth in one way or another.  I doubt that we are talking about all or nothing scenarios, and I doubt that even the uber wealthy are leveraging very large fractions of their wealth at any point in time..

Furthermore, there might be goals of plenty of us here to become or to stay sufficiently wealthy rather than somehow feeling that we have to engage in any kinds of risky behaviors to leverage our wealth.






I agree Musk is not exactly friendly to either bitcoin or to the bitcoin narrative, but bitcoin likely gives no shits about whether he is in bitcoin or not, so surely, there is no real ability to stop Musk from engaging in various kinds of attempts to manipulate bitcoin whether it is informational wise or how he (and his company) might choose to employ his (their) BTC stash(es).


Speaking of FOMO... we have been ranging in a kind of top of the range for quite a bit of time (maybe since about 14 days ago-ish when we went above $50k.. and have been mostly pushing UPpity ever since.. go figure.. go figure.)... so not really considering any kind of bet on down to be very prudent in these here times, but surely there are some guys selling BTC since supra $50k and even currently and hoping for the best (BTC price might go down, etc), and there are also some guys working on trying to get DOWN from here.. but may well be a fruitless endeavor... who is to say?  Interesting times, no?

By the way, you remember Raja_MBZ who said that he sold all of his BTC around $55k because he was waiting for BTC prices to meet the 200-week moving average, and the 200-week moving average was then around $12k, and now the 200-week average is about $17k.  Sure that 200-week average is a likely most extreme down point that bitcoin could go (especially in a bear market), but jeez, seems premature to be presuming a bear market (including presuming such in May - even though the BTC correction was pretty damned BIG in May).  Anyhow, Raja_MBZ continued to warn us while we were in the $30ks and $40ks that bitcoin would be going down, and he was failing/refusing to buy back his BTC, even though the BTC price was going up.. and even had fairly convincingly passed above $43k to $46k in early August.  Anyhow, he continued to reiterate that he was refusing to buy back because his sale at $55k-ish was the right decision... blah blah blah - because BTC going down to sub-$20k or to meet the 200-week moving average or whatever, and probably still has not bought his BTC back - like he should have done.. even though he has not been posting much recently.. and well could be realizing the dumbness/absurdity of is position (trade).

Or even thinking of Billynocoiner.. who was so much smarter than the rest of us in terms of supposedly betting on down and continuing to tell us that we should be waiting for lower prices.. He was even talking low $20ks and even switched his tunes to sub-$12k a few times... another likely loser.... (at least failing/refusing to adequately and meaningfully prepare for UP.. and preparing for ONLY one direction (down) in bitcoinlandia seems to be quite contrary to any kind of meaningful prudence)  hahahahaha