Quote from: PokestarFan on Today at 03:38:43 AM

Quote from: death_wish on Today at 03:15:38 AM

Quote from: somac. on Today at 02:30:22 AM

I wonder how many people will never touch BTC again after this.

Plenty. *shrug* So what. Every crash drives away some people who were in earlier. The ones who wind up posting wildly distorted sob stories titled “crypto ruined my life!!!!” on social media. The next wave of bitter ex-coiner nocoiners.

Reasonable Bitcoiners won’t flip out like that—although the adjustment may be difficult, given the factors I have previously mentioned.

And most people have not yet touched Bitcoin. For them, there is no “again”. Why would or wouldn’t they touch Bitcoin in the future?

By analogy, it is a truism (and true) that women are generally attracted to strength—repulsed by weakness. The strong man knows his strength. I speak not of swaggering empty conceits, but rather of self-confidence. Self-confidence is contagious—as are depressiveness, indecision, and panic. ...Well, so as for women—so as for everybody. The strong man who attracts women is also a leader of men; everybody responds to strength.

In my sojourns in altcoinland, I have oftentimes observed that altcoiners are either impressed by Bitcoin, or jealous of Bitcoin. Bitcoin, as in “Bitcoin dominance”. Hmmm.

somac., your sharp instincts and some of your gut predictions saved me from a fourth liquidation, and were one of the decisive factors for me to get out of debt now, at all costs. I thank you for that. I would be wrecked beyond wreckage by now, if I had not been paying extra attention to your posts.

Your personal text is so awesome. An inspiration.

Now, I need to ask you: Do you believe in your heart of hearts that you hodl something desirable?

If yes... who cares about all the people who gave in 2015, “Bitcoin is dead.” Or now, maybe worse—eh. I just want to think about how to get out ahead of whatever plans there perhaps may be to crack Bitcoin economically—perhaps as practical support for a new narrative equalizing it with POS shitcoins, then deprecating it. Refocus on what makes Bitcoin better. Think of a brighter future.

Meanwhile, if it bottoms at $17k or $15k or $OH DEAR HEAVENS I CAN’T BELIEVE IT, I’ll just be laughing and munching popcorn. As I did in previous crashes—I got my diamond hands back, now that I have exorcised the mind-destroying, asset-destroying, soul-sickening influence of that damn margin account. So, this crash is worse. Whatever. 1 BTC = 1 BTC.

(Further reply to you intended, but I am exhausted as hell after what I did earlier... The last time that margin account will ever drain my personal energy together with my money. I may come off as unintentionally brusque; please do not misinterpret this post as being flip towards you.)

Quote from: somac. on June 18, 2022, 09:12:49 PM

I am in utter disbelief we just shouldn't be here. Cry

But we are.

By analogy, on a personal level, I am in utter disbelief that I lost most of my bitcoins. When I look at my wallet, I know that I “just shouldn’t be here”. It should never have happened. But it is the reality. Living in shock, numbness, and denial after I was liquidated down to 0.5 BTC was really what got me crushed down to 0.05 BTC. By failing to acknowledge the reality and react constructively, by default I took the path from bad to worse.

So, anyway, here we are. Where to go from here?

I mean some people are stupid enough to put the entirety of their retirement fund into crypto. Lesson #1 of investing is have a diverse portfolio.

Don't be too hard on them for doing that. For many this is the only way they can ever hope to own home, their labor is no longer enough.

Thank you governments and CBs for putting people in this situation. You fucks.