Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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.
Slightly over $23,200, to be precise.
MARGIN SUCKS!!!
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If we really visit the $23k range, I could get liquidated again-again. I ought to avoid repeating the same mistake.
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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.
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It is far from the first time that you have blatantly misrepresented my positions in this thread. Stop it.
no blatant misrepresentation happened.
I am not a market-gambler, generally. It was reasonable for you to assume that a month ago: Most people who get wrecked on margin are handling their money that way. Thus, if someone appears out of nowhere crying about margin wreckage, it is reasonable to presume “gambling”. So as for a month ago. After my discussions with you and others here, it has long ago become nothing more than a ridiculous mischaracterization of me, which you continue to repeat for no reason.
My perspective is if you are using significant portions of your BTC holdings for margin bets, then you are gambling. I stand by my position based on what facts I have heard to date.. Of course, I have not heard all of your personal nitty gritty details (aka facts), but I heard that you were in a position to lose everything .. which I would consider to be sufficiently enough information to proclaim too much to have at stake in such a play (aka gambling)... and I would consider getting into such a situation to have been gambling.. .. whether you have a 100% track record of not gambling before that point in time seems mostly irrelevant... For example, if you say: "I spent 30 years of my life as a saint and I did not gamble one bit for those 30 years," but then "on year 31, I gambled everything and lost it all, but I still consider myself to not be a gambler".. yeah right.
I am not going to go along with that kind of a characterization of saintliness, if that is what you are striving to suggest.Usually staking something less than 10% into a position might be reasonable to off-set some other position that you may have taken in some other part of your investment portfolio... but it does not sound like you are offsetting anything, and of course, I do not know all the nitty gritty details beyond that you had been poised to lose everything... which again generally I categorize as a kind of gambling.
I don’t “seem to admit that mistakes were made”—“seem”, plus passive voice. I have clearly and consistently declared from the start that I personally made exactly the types of mistakes that I have previously warned others against. I have sometimes also made observations about my mispredictions of BTC pricing; that does not contradict my general, very explicit repeated statements that I royally fouled this up. A month ago, I thought that perhaps you misread—at this point, you don’t seem to admit that mistakes were made in your reading.
Seems that you are quibbling about unimportant matters.
If you read my posts as “largely ONLY suggesting that they are mistakes based on subsequent BTC price moves”, then you are blind. Point-blank.
I invite anyone who believes I am overrreacting here to examine my post history: To the contrary, I have had too much patience with this nonsense. Agree with me, or disagree with me—fine. Do not wildly misrepresent what I have said as your convenient strawman.
I invite anyone who believes I am overrreacting here to examine my post history: To the contrary, I have had too much patience with this nonsense. Agree with me, or disagree with me—fine. Do not wildly misrepresent what I have said as your convenient strawman.
I believe that I have been sufficiently fair to you.