Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Can a lone individual change the world—change the course of history? Satoshi proved it! (Theories to the contrary notwithstanding, I do believe that Satoshi was one individual.)
I agree with your overall point of one person making a difference, yet I am going to quibble with your framing a wee bit.
It appears that satoshi - and bitcoin built on the works of a large number of predecessor projects, and of course, there were a few innovations in bitcoin that geniusly put ideas together and added a few concepts - such as difficulty adjustment... little things that are put together or added in with other aspects of the design to make a difference.. and really have a whole hell of a lot of innovative geniusness contained therein. Satoshi retained a certain amount of public involvement that lasted around 2 years that seemed to make sure systems were in place in which he could disappear and the project would be able to continue.. so even though arguments could be made that bitcoin just ran itself after satoshi left - there are a quite a few heros in bitcoinlandia.. and maybe some kinds of luck too that people worked separately and together and bitcoin did not come crashing down during various points in which sabotage could have happened (behind the scenes of people saving bitcoin in its more vulnerable times) or uncertainties about how aspects of some of the wars/attacks on bitcoin would turn out (blocksize war/attacks for example).
I doubt that there are any reasons to take my comments as if they were personal attacks.
No hard feelings.
Mmmmmmmmuuuuuuuuuaaaaaaacccccccchhhhhh.
I have spent years telling people not to buy on margin. I have mentioned in several of my previous posts (and much more in a bunch of anguished outpourings I wrote but didn’t post), I made stupid mistakes that I warn others against. My very first post under the intentionally melodramatic moniker death_wish was designed to drive the point home graphically. Some of my recent weeping and wailing with prayers for Bitcoin’s forgiveness is intentionally over-the-top, for the same purpose.
DO NOT DO WHAT I DID. Which I spent years saying not to do. Which I then did. No, really: DON’T DO IT!
DO NOT DO WHAT I DID. Which I spent years saying not to do. Which I then did. No, really: DON’T DO IT!
When you exaggerate, it might cause some of us NOT to want to believe you. I am sure some members here are skeptical about this whole situation, and why are we even talking about it?
I did not exaggerate any of the facts. To the contrary, I have understated a few points—and omitted much that’s worse.
My rhetoric is sometimes over-the-top: The weeping and wailing and gnashing of teeth. Intentionally melodramatic, with a good dose of wry self-deprecation.
I stated my piece. Take it as you will. Or don't.
I generally have nothing to discuss with anyone who thinks I’m lying. I’ve tipped my hand with some technical knowledge of Bitcoin, and a long familiarity with the history of this forum; it’s very unlikely that someone with that level of experience would have no coins to lose.
(I could trivially prove my story; but for reasons of privacy, I am not willing to expose the necessary information.)
(I could trivially prove my story; but for reasons of privacy, I am not willing to expose the necessary information.)
Sometimes details matter in terms of trying to figure out what kinds of learning can be done within pubic threads, so most of the times, I give few shits about any of the actual personal details except in the context of trying to bat around some substantive portfolio management ideas.
Many times there is not going to be any exactly correct answer because many of us manage risks in different ways, and there may be guys who disagree with you on a very high level about getting into the situation, but might well have taken very similar actions once they are in the situation.. Even with mindrust, many of us (including yours truly) like to get all righteous regarding some seemingly strong objective facts (then price dynamics and BTC fundamentals) that likely show that mindrust made some bad trade offs, but it still might be the case based on his exact circumstances, that he did not make the mistakes that we had been accusing him (which was selling near the bottom and failing/refusing to buy back several times to cut his losses), but instead his larger mistake might have been his having had put himself into such a position in the first place that had stemmed back several months (even going back to a year) earlier.
So, in essence, when we are batting around ideas within this public thread regarding various trade offs in terms of what kinds of buying, trading, use of margin or use of other financial instruments to employ, there's almost no way that any two of us are going to agree about the nitty gritty deets (details) of how to do it, when to do x, y or z... and even if we agree on 99% regarding what to do and how to employ it with the specific amounts, the more that we discuss the deets, the more likely we are going to diverge into various disagreements regarding x would be better than y so long as you only do x until the point that the BTC price reaches $xx,xxx, and then at that point you better employ B.. but if BTC price moves x%, you better be ready with D at that point.
So many guys do seem to share within some common themes in regards to just accumulate BTC and don't fuck around with various details, so no matter what you proclaim about the various things you did to beat DCA, you may well not gain any fans by showing how supposedly smart you are in that direction.. .so many times relatively simple strategies are favored in these here parts.. especially if you start to describe something that might well be difficult to replicate... but if you are suggesting some complicated bullshit and saying don't do this, then surely guys are going to have a tendency to agree but still wonder why the fuck you telling us that.. it's obvious that all those complicated maneuverings that you were playing were bound to blow up sooner or later, so why fuck around with them, even if you might have been able to get profits here or there along the way.. we do not give any shits if there might be some times that you might have been able to beat the market or to have had beaten DCA when we already know that DCA (and perhaps some mere minor tweakenings of it) tends to be better replicable practices overall.
I doubt I need to underscore my passion and my principled demand for permissionless systems, which by their nature let me mess myself up if I so choose.
It would be better to mess yourself up on purpose than to do so accidentally. There are quite a few folks who have locked themselves out of their own coins.. so that can be scary..
Indeed. And a large part of Bitcoin’s strength is in its community of people who will spend hours patiently schooling newbies in how to set up a wallet properly, how to do backups, and so forth. I’ve done my part. I do that kind of thing by habit.
For sure not easy for a whole hell of a lot of normies and newbies...and people lecture the fuck out of people who keep their coins on exchanges (I even engage in some of that lecturing), but it can be quite overwhelming to get either grandma or even someone who you had thought to be somewhat tech savvy to take their coins away from third parties.
Bitcoin is the safest form of money. It’s like gold in your physical possession—except that you can back it up; and it is so much easier to protect from thieves if you know what you are doing! But it is an alien world, to anyone without prior experience with cryptography. “Private keys? Huh?” You need to understand that if you lose your keys, or if you spend to a wrong address where nobody has the private keys, then the situation is even more hopeless than if you just threw gold coins into the depths of the ocean.
Familiar physical analogies help, as long as they are not overextended.
Familiar physical analogies help, as long as they are not overextended.
You won't get any arguments with me on those points.
[...] In other words, I am starting to feel that I am getting drug into negative energy..
I am conscious of the need to avoid getting monotonous here; and I know that when we get a little bounce with rising bullish sentiment, people won’t be thrilled to see much talk about sadness and losses.
I adapt to the moment and to the context. To the extent that I express sadness when Bitcoin is up, consider that an opportunity to feel smug about all the coins you have safely in your own wallet, controlled exclusively by your own private keys.
Frequently, it does seem to me to be more energizing when we might be presenting various positive ideas regarding various ways to accumulate or strategize in regards to managing your BTC holdings (rather than what not to do), and those kinds of what to do topics can be discussed no matter where the actual BTC price happens to be.. yet for sure, if the BTC price is moving in one direction or another.. we want to talk about those matters too... In the end, sometimes we do not agree about what to do, so each of us has to decide for our lil selfies.. and for sure, someone might suggest that "this is a good way to play with your BTC" and others might not agree. It is not an uncommon topic (another double negative for uie-pooie - sirazimuth) in these here parts.
[...]
Long post, some good stuff... Will catch up with you and others later!
GREAT!!!!!!
Don't wait too long...
