Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
I mindrusted the crash, right about the time when BTC hit its local bottom around $17,600. I capitulated.
What I mean is that I mindrusted some scraps of precious altcoins that I had lovingly preserved to help regenerate my BTC in better market conditions.
(STFU. I will slap anyone who dares to speak ill of my dearly departed altcoins, who nobly sacrificed themselves on the battlefield in the ranking order set by Gresham’s Law.)
I panicked, because BTC was in freefall—and if it kept falling so fast, my liquidation losses could go suddenly from ~99% to ~99.9%.
So... I guess I panic-sold. Sold assets low—dumped into a crash with what were, in themselves, horrifically foolish trades. To save BTC.
mindrust panicked to save his worthless fiat shitcoins. I panicked to save Bitcoin. And I jest at myself. The “selling into the crash” part was bad luck executing a plan I had decided earlier, after calculating a dozen ways to find the least-lossy, least-risky, least grossly undesirable means to free my remaining bitcoins. But I am making a point.
The good news: For the first time in over five months, I am debt-free! And the sad remainder of my BTC is freed from the margin account. For the first time in over five months, I am at zero risk of liquidation.
Now, I can go back to my old self.
I DGAF about more crashing.
If BTC goes to $10k, then I will ride it to $10k. If it goes to $1, then I will ride it to $1. If it goes to zero, then I will ride it to zero.
Yes, I have very little BTC left. But it is a large proportion of my dollhouse-sized remaining finances. For he who has little, a pauper’s scraps are precious as a king’s fortune. My little itty-bitty bitcoins mean the world to me.
And I am back to my old self! Let blood drench the streets! I will laugh and sneer at the weak hands and the panic-sellers. Hahahah. LOL.
Let the market burn, as I frolic in the sunshine!
I am gravely worried about Bitcoin, because I care about Bitcoin. This is an attack. But that is an idealistic worry—cause for worse pessimism over the state of the world—not a fear for my personal finances. For my personal finances, my only Bitcoin-related concern—my grievous concern is that I do not have enough BTC.
1 BTC = 1 BTC.
What I mean is that I mindrusted some scraps of precious altcoins that I had lovingly preserved to help regenerate my BTC in better market conditions.
(STFU. I will slap anyone who dares to speak ill of my dearly departed altcoins, who nobly sacrificed themselves on the battlefield in the ranking order set by Gresham’s Law.)
I panicked, because BTC was in freefall—and if it kept falling so fast, my liquidation losses could go suddenly from ~99% to ~99.9%.
So... I guess I panic-sold. Sold assets low—dumped into a crash with what were, in themselves, horrifically foolish trades. To save BTC.
mindrust panicked to save his worthless fiat shitcoins. I panicked to save Bitcoin. And I jest at myself. The “selling into the crash” part was bad luck executing a plan I had decided earlier, after calculating a dozen ways to find the least-lossy, least-risky, least grossly undesirable means to free my remaining bitcoins. But I am making a point.
The good news: For the first time in over five months, I am debt-free! And the sad remainder of my BTC is freed from the margin account. For the first time in over five months, I am at zero risk of liquidation.
Now, I can go back to my old self.
I DGAF about more crashing.
If BTC goes to $10k, then I will ride it to $10k. If it goes to $1, then I will ride it to $1. If it goes to zero, then I will ride it to zero.
Yes, I have very little BTC left. But it is a large proportion of my dollhouse-sized remaining finances. For he who has little, a pauper’s scraps are precious as a king’s fortune. My little itty-bitty bitcoins mean the world to me.
And I am back to my old self! Let blood drench the streets! I will laugh and sneer at the weak hands and the panic-sellers. Hahahah. LOL.
Let the market burn, as I frolic in the sunshine!
I am gravely worried about Bitcoin, because I care about Bitcoin. This is an attack. But that is an idealistic worry—cause for worse pessimism over the state of the world—not a fear for my personal finances. For my personal finances, my only Bitcoin-related concern—my grievous concern is that I do not have enough BTC.
1 BTC = 1 BTC.
Congratulations. There's still time to stack.
https://www.jeopardy.com/be-on-j