Quote from: death_wish on Today at 10:19:27 AM

Quote from: JayJuanGee on Today at 09:58:51 AM

Quote from: death_wish on Today at 09:54:59 AM

Margin account liquidated only hours ago is now around 2.5% health again. If this doesn’t let up soon, it will set some kind of record for repeated executions without time for a last meal or... ok, I am wittier when I am not in this type of a situation.

Quote from: death_wish on Today at 01:36:22 AM

MARGIN SUCKS!!!
[...]
If we really visit the $23k range, I could get liquidated again-again. I ought to avoid repeating the same mistake.

Slightly over $23,200, to be precise.

You must be here to cheer us up.

Each of us can say: "At least I am not as bad off as that shmuck."

I prefer the power of positive thinking: Please feel free to feel smug that your bitcoins are IN YOUR WALLET WHERE THEY BELONG. Just like I was smug and self-satisfied during past major crashes: Hahah, the market can’t touch my bitcoins! WHY THE BLOODY HELL DID I DO THIS, I DO NOT KNOW.

Why do we need to do positive thinking or to enable gamblers when that is amongst the worst of techniques, and surely I cannot really know, beyond your own representations, regarding how easy it may have been or that it still might be to potentially reasonably extract yourself from any precarious too much mgambling position that you had admittedly put your lil selfie into. You cannot expect people on the interwebs (including yours truly) to be nice to you about those kinds of matters, even if you admit that mistakes were made.. and even seem to admit that mistakes are continued to be made.. but maybe in the end, you are largely ONLY suggesting that they are mistakes based on subsequent BTC price moves rather than the real most likely elephant in the room mistake of getting into those shitty-ass too much gambling-inclined positions in the first place.

I am having trouble understanding how you could be reasonably considering that I am being smug or even too smug given the circumstances... There are likely guys who played this whole BTC price move way much MOAR better than me in terms of their allocations towards DOWNity and their levels of confidence regarding DOWNity.. including but not limited to LFC and some of the downity proclaimers who may well have engaged in some pretty high levels of gambling to bet on downity, and their bet paid off for them.. this time.

I don't regret the way that I played this whole matter (even though I could have done it better) because I already have a system that I try to follow to the best of my abilities.

I have been attempting to follow and I have been tweaking based on changes in my own financial/psychological situation and even changes in my learning about how to make some better assessments in order to attempt to better align what I am doing with my beliefs and finances.. and I started learning these kinds of techniques and putting them into practice since I first got into bitcoin in late 2013.. and they became way more concrete the longer that I was in the "game" and trying to ongoingly put ideas/theory into practice.. including also attempting to ongoinly fight my own inner desires to gamble or to get emotional.. which does not really end with an asset like bitcoin that is both volatile, but seemingly volatile beyond expectations..

So frequently each of us should be attempting to both prepare for expectations but to prepare beyond expectations.. to some degree... and I do not fuck around with betting on down or UP, so in that sense, there is almost no way that I am going to profit as much from any kind of BTC price move like the BTC price move that we are currently in because the BTC price has already gone quite a bit beyond my expectations including but not limited to my expectations that I thought that it was unlikely that we would go into a bear market prior to having a more meaningful blow-off top or something like that.

...and when the BTC price went below the 100-week moving average of $35k-ish on May 7th-ish and stayed below that 100-week moving average for more than a couple of days.. I was forced into a concession that we were no longer in Kansas (meaning a bull market.. fuck that).. So yeah, the reality of the matter was that we had already gone beyond my expectations at that time.. and surely as any of us can now see we continue to go further downity.. so why should I be smug about a situation that is not good for me.. and perhaps my only saving grace remains that I have made a few changes to tweak my system and my holdings and my reserves (including some amounts that I had thought that I had taken off the table) a few times.. including that I just tweaked in the past less than 12 hours in order to attempt to account for the seeming outrageousnes of the past 48 hours of BTC downity price moves. so fuck all of that.. and I am tweaking to attempt to make my lil selfie feel more comfortable both financially and psychologically in order to feel that I mitigated the whole situation based on a kind of ongoing moving target as best as I can giving the situation of both beyond expectations but way beyond expectations ongoing happenings.. fuck that shit.. .

By the way.. my tweak of today changed some of my outstanding buy orders (of course set for on the way down). and even tweaked a few sell orders (on the way up).. and I suppose part of my own internal justification for the tweaks for the orders on the way down was that the BTC price had been moving down faster than expected and there are even some downity momentum issues that seem to be ongoing. .that of course could reverse at any time and without expectation, but then again, they might not.. so my buy orders now go down into the $18ks as contrasted to earlier (before the most recent tweakenings) going down into the $19ks.. and I am thinking that it would be quite crazy if all of those all get filled.. or even get close top being filled.. but we are already way closer to having them filled than I had even though to be within reasonable expectations..

so then if all of my currently outstanding buy orders get filled before I am able to tweak them down further (if I get such an opportunity and consider it to be justified).. then what do I do at that point? start DCA'ing.. with what? $10 - $100 per week as I have been recommending as starting point buying amounts for newbies? Some kind of an implementation of a kind of DCA strategy remains my current tentative plan if we end up getting to the point that I run out of buy on the dip money and all my buy orders are filled prior to my tweaking them again to go down further.

This is not my first rodeo of suffering through then what do I do at the extremes, and it almost never feels good while it is happening.. .whether we are forced into having to just HODL.. or maybe as the bear manipulators cause some folks to mindrust.. which is not completely a joking matter because there are variations of mindrusting.. .. that might objectively appear to be better ways of dealing with whatever extreme dippenings that we find our lil selfies to be in.. and some of those ways of dealing with seemingly bad or outrageous situations can be way more moderate than the seeming actions that mindrust ended up taking and ended up sharing (perhaps regrettingly) quite a few of his personal trading and thought process details with us.. which surely helps us to better understand his situation, but still might not stop us from doing something like what he ended up doing.. because he was not totally irrational in what he did end up doing because he was trying to conform with his own personal situation as he understood it to be...

So, yeah for me if I run out of buying on the dip money, then probably DCA seems like the next most logical step.. since my buying on dip money would then have run completely out if the BTC price suddenly dipped down to my outstanding $18ks buy order amounts and all of my currently outstanding buy orders end up getting filled..

Smug? I am having my doubts about that kind of a characterization - except if you are engaging in behavior that is way out there, then maybe I am being smug because there are surely guys doing better than me, but there are quite a few folks who are in between you and me in terms of their approach including at what point they might have run out of buying on dip money, and some of those ran out of money around $35k or below and others maybe have merely been doing DCA since $35k because they have no more buying on the dip money because the dippity went way way way further than expected.

Another thing is that our current price location was no where near any kind of a sure bet, and it was even seeming to be quite a long-shot bet, whether we are talking about some of those guys (gal perhaps too?) who made their bets on down (to the 200-week moving average-ish) at various earlier points, such as Raja_MBZ in June-ish 2021 or some of the guys who seemed to have been making their bets around late 2021/early 2022 (when the Stock-to-Flow model seemed to have had shown standard deviations of about 2-ish standards of deviation and even more than 2-ish.. which seemed to show that PlanB was wrong-ish.. or at least that the 4-year cycle may well have been over, even if some of us might not even concede that PlanB was wrong.. just a bit off in terms of magnitude and timeline)...