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Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 16/06/2022, 08:22:03 UTC
⭐ Merited by somac. (1)
I bought a little bit over a millibitcoin at $21,589 a few hours ago.  On margin.  

It's like a drug.. the addict never learns...

One thing that we should know and appreciate about bitcoin is that it is an asymmetric bet, which largely means that you do not need to put a whole hell of a lot of value into it in order to become rich as fuck.

Of course, investing aggressively and/or assertively can have decently strong pay-offs as well... but still there is likely no short-cuts.. and margin is largely a way to just exponentially increase your odds of never really building principle or the right kind of a hodler/accumulator mindset... so I suppose if you need some money later, there might be some of us bitcoiners who might be willing to hire you to help us out with some stuff.. perhaps? If you are bitter, we might not want to give you anything that really requires much discretion though... not sure.. I am a bit reluctant to get involved with some folks who are showing even small signs of bitterness, and being smart and bitter causes me to worry, too.

Eventually, I will get around to freeing my itty-bitty dollhouse bitcoins from the encumbering debt of around $853.  Meanwhile, I can hold a dollhouse tea party.

$48.82 is now a lot of money to me.  Finding that loose change helped so much.

Yep.. you may well end up getting in such status for a decently long time.. and surely it is not easy to really get out of such a situation, and part of the problem may well be that you are too smart for your own good.

$48.82 is now a lot of money to me.  Finding that loose change helped so much.

A very sad story for how smart you sound. The moral I draw from the story, regardless of whether it is true or not, as I cannot verify it, is that one should never be overconfident of one's intelligence. Doing so can have catastrophic consequences.

That does seem as if it is likely a pretty strong conclusion that is supported by the evidence.

$48.82 is now a lot of money to me.  Finding that loose change helped so much.

A very sad story for how smart you sound. The moral I draw from the story, regardless of whether it is true or not, as I cannot verify it, is that one should never be overconfident of one's intelligence. Doing so can have catastrophic consequences.

I think these things happen because of addication. death_wish can shed some light on this I'm sure.

Frequently the person who has the issue cannot really identify  or even be in a position to solve such a problem.. at least not until sufficiently and adequately distancing themselves from the situation (and perhaps from ego too?)... It can be quite sad and even frustrating to read these kinds of accounts..