Quote from: Torque on June 20, 2022, 10:12:41 PM

Quote from: cAPSLOCK on June 20, 2022, 09:05:03 PM

Quote from: death_wish on June 20, 2022, 08:59:40 PM

Wha? Is 19 June a holiday in the United States? I was unaware.

The United States appropriated it from Texas.

Obama missed his chance to create yet another divisive, bogus Federal holiday.

Biden fixed that last year, because Libtard pandering. Tongue

They apparently couldn't have used the exact day of Lincoln's Emancipation Proclamation (Sept 22) or the day it became legal (Jan 1st) because reasons, I guess. Roll Eyes

Hey, let's just keep adding more and more stupid Federal holidays until no one has to work anymore! Hurray!

May the 4th, Revenge of the 5th, anyone?

You sound a wee bit bitter.

Quote from: death_wish on Today at 06:29:30 AM

Quote from: JayJuanGee on Today at 04:36:23 AM

...get your shit together...

Don't get me wrong.. I am not suggesting that all credit cards are paid off and completely extract yourself from all the mess that you got into over your 50+ years of life or whatever it might happen to be..

LOL. You are so far off target, I am quite sure you are being deliberately obtuse: You are not that dumb.

I have no credit cards. I used to, once upon a time. I cut them up and threw them away, because I am against that whole system.

As it now stands, I have zero debt of any kind. At the time I started posting here last month, my entire debt load consisted of a single margin account that ate almost all of my assets. I paid that off in full on 18 June 2022. For years until January 2022, I had zero debt. I think that I am not bad at keeping my “shit” together, as you so elegantly put it.

Now, I am unsure whether I should sadly thank you for wasting your time trying to give me advice that is entirely inapplicable to me, or I should wonder if you are trying to discredit me by misrepresenting me as some debt-ridden defi degen who just can’t seem to “get [his] shit together”.

I have previously suffered life catastrophes that wiped me out financially. Unlike my recent loss, those were not my fault. I have said that before.

What happened before is none of anybody’s business. I will not give any hints. But let’s put it this way: If, in the hypothetical, I had been bankrupted by the medical expenses of a family member’s prolonged terminal illness, then you would not mistreat me as some “gambler”, and you would not dare to give me some outrageously condescending “get your shit together” lecture.

You have a tendency to take matters personally.

Largely I am referring to the concepts of how to invest, and when to invest and if you are just throwing out information to say that you have an amount of BTC such as 0.05 and asking me if you are over invested based on some of your other purported circumstances including that you are otherwise starving and other bullshit like that, then I have to outline various aspects of the starting parameter considerations.., then I have to cover the various principles in how we get to those kinds of considerations of what might be over invested and what might not.

Including that I already said that if you (or anyone else) do not have their shit together then I do not recommend investing into anything at all. If you tell me that you have 0.05 BTC asking whether you are overinvested.. those are questions that deserve going over some basics, and we are i a public thread... so I responded to your comment in a way that are meant to be generally applicable to whatever lame information you give me and perhaps some extrapolation of some other matters that need to be considered.. you can take those ideas about how you get from one point to another and deciding what might be over invested for what they are worth.

If you do not want an answer that addresses your question, then why are you asking it.. why are you trying to trap me into an answer for some kind of conclusion that you should be able to make on your own? And then you whine about my answer being too meanie.

You seem to be asking for it, and then when you get it, you whine and say that I am patronizing you., but that is not the case, I am talking about basic principles that should apply to everyone who is considering any kinds of investments from my perspective.. and then surely some considerations might be specifically to BTC as well. ..but if several times you are asking me what I consider to be overinvested or not..then you seem to be poking me wih a stick, no?
You provide some details and then you tell me that I failed/refused to account for some of the details that you did not provide.

Do you believe that you might be asking to receive comprehensive and potentially patronizing.. because what I am saying is that before you even can arrive at the more sophisticated conclusions about if you are potentially overly invested or not, you have to answer the more basic questions first. Did you do all those basic things first.. including but not limited to getting your shit together first?

Also, did you figure out your emotional level first before asking me the questions.. because if you do not know that you are going to whine if I give various answers (basics) and patronizing approach that you do not like, then maybe you should not be asking me those kinds of questions that I believe to require basic considerations in order to address them, no? ~~You fuck.~~[edited out hahahaha]

Quote from: death_wish on Today at 06:29:30 AM

It wasn’t that, but it was equally in the realm of tragic misfortunes that can befall anyone. Newsflash: Life is unfair. I have learned to take that in stride.

I am not implying anything in my suggestion to start out with basics. From my perspective, there is no way to get to the conclusion about whether over invested or not, unless figuring out the basics, first.

Quote from: death_wish on Today at 06:29:30 AM

I will not say any more about my life, or what is really going on with me. I have exposed too much already—for my own safety and privacy, I have exposed too much in a public forum. It is anyway none of your business. I am not asking for your advice, and I do not need your advice.

You asked me if I though that you were over invested or not... several times.

Quote from: death_wish on Today at 06:29:30 AM

Suffice it to say that I consciously choose to be “overinvested” in Bitcoin, as a proportion of my assets. Ever since I got deeply into Bitcoin, I have always made that choice—for principle, not for profit. It is my choice to make, and I very well understand it.

Yes.. and the parameters upon which I consider what constitutes over invested or not and how to consider whether to get there or not seem to be different from yours.

Quote from: death_wish on Today at 06:29:30 AM

Quote from: JayJuanGee on Today at 04:36:23 AM

By the way.. you seem to be trolling me with your continued ongoing nonsense question about whether you are overinvested.

No. I have seen you tell people they were overinvested for keeping all their life savings in Bitcoin, without significant fiat, and without sufficient other investment assets. Trolling you?

Yes.. some members proclaim that they are 100% in bitcoin or some other nonsense like that. Sometimes we are framing the issue differently.,. but yes there are needs to consider the various individual circumstances that I had already outlined.. cashflow and expenses are a pretty major ones but of course they are not exclusive considerations, either...

Quote from: death_wish on Today at 06:29:30 AM

In the post to which I hereby reply, you give some of your standard advice about starting at 1% to 25% of one’s portfolio. That looks low to me. Trolling you?

That has been about the past 18 months that I started recommending that. range. as a starting consideration to get the fuck off of zero.. it is a good start.. of course a whimpy person might choose towards the lower end, such as 1% and a more passionately bullish person might choose 25%.. of course there is some devils in the details in regards to various personal circumstances that might exist and upon studying the bitcoin matter, they might well choose to go outside of the initial recommended range they can go outside of that range. .it is just a starting consideration..

Between about late 2014 and mid-2020 - I had been recommending 1% to 10% as a starting range.. really to get the fuck off zero.. its a start, and individuals are totally responsible for their choices.. I just give my thoughts about staring investment parameters, and the increase reflects my thoughts that the investment case for bitcoin is quite a bit stronger now as compared with 2014.. and also as compared with happenings that many of us became more cognizant about after March 2020.

Quote from: death_wish on Today at 06:29:30 AM

And it is a legitimate question how I can simultaneously be a “lowcoiner” with too little BTC to care about it, and also “overinvested” in BTC.

I already gave you my parameters.. figure it out.. I am getting less receptive to hear you whining about my giving you basics.

Quote from: death_wish on Today at 06:29:30 AM

I know much more about finance than you presume.

I am not presuming anything .. just trying to go based on some of the information that you had already given to me or otherwise just making some of the ideas generally applicable.. especially if there happen to be quite a few gaps. You should be thankful that I spent quite a bit of time to describe various parameters to help you to help yourself to figure out how I consider the idea of overinvested or not.

Quote from: death_wish on Today at 06:29:30 AM

Any professional financial advisor in the world would tell me that with my current overall level of assets, I am drastically overinvested in Bitcoin. Overinvested and overexposed. I do not care. That is my choice—a choice made consciously and intelligently.

I doubt that I have enough information to conclude exactly.. but I was still able to provide some basics in order to help you (and or others) to consider the concept of overinvested from my perspective.. especially if you had been asking me about what I considered to be overinvested.

It's starting to become clear that you really were not asking me about my perspective about what is over invested. Instead you just wanted to talk about how much you supposedly love bitcoin blah blah blah.. but I doubt that matters very much in terms of my own assessments regarding when to invest, how to invest.. or how much to invest or other considerations so yeah. we may well see some of these kinds of matters differently, and maybe some other members might have gotten some value out of aspects of my response and considerations regarding how to arrive at conclusions about being over invested or not.

Quote from: death_wish on Today at 06:29:30 AM

Quote from: JayJuanGee on Today at 04:36:23 AM

Seems to me that there are no shortcuts outside of gambling.. and I do not recommend gambling..

Gamblers’ intuitions are usually wrong.

Protip: It is mathematically proved that for a certain described “red-and-black” model of a game of chance, the optimal strategy is “bold play”: Bet as much as you need to for winning the whole gain you want in one shot, rather than attempting many smaller bets. The result has been extended and adjusted to various game scenarios. This paper has a good description, and a bibliography:

https://arxiv.org/abs/math/0412362

Needless to say, I do not recommend “bold play” gambling as investment advice.

Yes.. agreement on the idea of non-recommendation of gambling. Easy-peasy.

Quote from: death_wish on Today at 06:29:30 AM

Quote from: JayJuanGee on Today at 04:36:23 AM

In other words, there has been plenty of time to stack sats.. .. including the last year from the first correction down to $28.6k in May, June, July 2021..

Why do you even mention this? Are you paying attention?

As of January 2022, I had plenty of Bitcoin. Never enough, but a decently-sized chunk.

We are talking about current situation..anyhow .. I made my point already.

Quote from: death_wish on Today at 06:29:30 AM

I did not buy in 2021 (except for my usual adjustments from altcoins), because I do not usually buy in bull markets! I prefer to buy in bear markets. Accordingly, I have always loved bear markets.

Just saying King daddy may or may not wait for you. I said what I wanted to say on this point.

Quote from: death_wish on Today at 06:29:30 AM

I missed the dip in July 2021, because I like to ignore the market. That is my privilege, when my coins are safely in my wallet where they belong.

We are still in June 2022 last I checked.

Quote from: death_wish on Today at 06:29:30 AM

Quote from: JayJuanGee on Today at 04:36:23 AM

POS diptwats have no power over me (or anyone else who wants to talk about stake in relation to their bitcoin investment strategies) or my use of the word stake in terms of its already existing parlance.

You have power over you use the word.

Yes... .I choose my words.

Quote from: death_wish on Today at 06:29:30 AM

You are speaking to me as if BTC is a governance token which, on the basis of wealth, grants a club card for the privilege of expressing respectable opinions about Bitcoin.

No I am not.

Quote from: death_wish on Today at 06:29:30 AM

And you are leveraging that as a subtle type of ad hominem to discredit such of my other propositions as you find disagreeable, without addressing my arguments on their merits.[/b]

I doubt it.. I give less than two shits about POS.. I am talking about getting a fucking stake in bitcoin.. that is your choice if you believe that 0.05 BTC is enough... and really I give less than two shits about you specifically. .I am speaking to a general idea and a general idea for peeps to get a stake in BTC, and stop waiting around.. it is a general and ongoing theme that relates to getting off zero.. get started and all of that stuff related to how to accumulate BTC how to establish your investment budget... You can read it as personal all that you like, but I am talking generally about the need to get a stake in bitcoin and get started and all of those things about building up an accumulation target level and working towards fuck you status and all of those kind of personal goals, and if you do not want to get to fuck you status and you have other goals then that is your choice to have other goals.

Quote from: death_wish on Today at 06:29:30 AM

Stop that nonsense.

Sounds like we are talking past each other because II have been making similarkind os points since my membership here began. .and just refined some of the ways of talking about the points or the framing over the years.

Quote from: death_wish on Today at 06:29:30 AM

I have known total degens who had >100x more BTC than I have ever had. All they knew was greed and stupidity.

I have also known kind, intelligent people who gave far more to the Bitcoin community than I ever have—who wound up with less BTC than I had once upon a time.

You know as well as I do . bitcoin is for friends and enemies and there are all kinds of accumulation levels and allocations that people make and a lot of ways to deal with volatility too. Their views about bitcoin as compared with other possible investments is only one part of the personal considerations that people should be accounting for.

Quote from: death_wish on Today at 06:29:30 AM

Ultimately, ideas need to stand on their own merits. If you disagree with me, and if your best argument is to call me a “low-coiner” because I just suffered a catastrophic near-wipeout, then that about sums up the credibility of your own arguments, and your ability to defend them.

What are we arguing about? I did not know that we were arguing . You think that I should not use the term stake because it sounds like proof of stake, and I said that it does not.. so I am going to continue to use the word stake because i consider it to be a good word to use to make my point when I have that kind of a point. You think that i am picking on you because I have not expressed sufficient amount of empathy regarding your status, and I think that i am being nice enough because I was responding to your question about considerations about if you are over invested or not.. even though you really were not asking me about what I thought about your overinvested status because instead you wanted to describe how dedicated to bitcoin you are and have been and things like that.

Quote from: death_wish on Today at 06:29:30 AM

Quote from: JayJuanGee on Today at 04:36:23 AM

(thus your trolling of the idea as well as your trolling me about some of your other dumb ideas related to proof of stake and also bitcoin as a stock and a few other dumb and/or misleading points that you continue to make.. a couple of your recent dumb ones related to gold supposedly being comparable to bitcoin, the 200-week moving average as being broken.,

[...]
why are you even talking about that shitcoin.. aka gold

If you think that the 200 WMA is not broken, then you are living in fantasyland. And if you were to give investment advice based on it being a bottom, after it is broken, then that would be outright dishonest.

I don't give investment advise.. do whatever the fuck you want.

and dishonest is a strong claim in regards to whatever I was trying to do to help you and to respond to your seemingly disingenuine question in which you really did not want to know what I consider to be over invested..

Quote from: death_wish on Today at 06:29:30 AM

As for gold, you are being deliberately obtuse in calling it a “shitcoin”. Calling gold a “shitcoin” is not a serious argument; it tends to show that I am wasting my time in this discussion.

It is not part of this topic, and it is frequently brought up in this thread since I stared in this forum in early 2014.. more or less a shitcoin with various shills coming into this thread pumping that shit.

Quote from: death_wish on Today at 06:29:30 AM

I have always considered gold and Bitcoin to be complementary; and I have always said that Bitcoiner arguments that deprecate gold are as ill-considered as goldbugs who deprecate Bitcoin. But that is beside the point: I was not talking about gold, but about Bitcoin.

Sounded like you were talking about gold to me. but whatever.

Quote from: death_wish on Today at 06:29:30 AM

You seem to have a problem with my arguing for Bitcoin’s fundamental value. I don’t know why. Do you hate Bitcoin?

You are really getting desperate.. for some reason. Hard to treat you seriously when you ask such questions.

Quote from: death_wish on Today at 06:29:30 AM

Reality does not give a hoot about your obsession with some lines on a chart: In the long term, reality settles on fundamental value. Now, I have gone “back to basics” and argued persuasively that the breaking of 200 WMA does not matter. I have argued persuasively that in the long term, it does not matter how low Bitcoin now tumbles.

You have a right to believe whatever you like.

Quote from: death_wish on Today at 06:29:30 AM

I think that is important: Just a few days ago, I saw right here in WO some Bitcoiners get scared that were were deep under the magical 200 WMA line. Scared. Because we broke some meaningless lines on a chart: The 200 WMA, the 2017 cycle top... Oh, will you now tell me that the 2017 top was not now broken “because reasons”?

There are always reasons.. it is not always easy to know while in the middle of matters.

Quote from: death_wish on Today at 06:29:30 AM

Anyway, I think it’s important to tell people that these things do not matter. Bitcoin still valuable.

Did I say that?

Quote from: death_wish on Today at 06:29:30 AM

Even if the bottom is not yet in (there is no guarantee that we’ve bottomed!), this little downturn will someday be a subject for laughter. “Oh, do you remember when Bitcoin crashed so hard that it smashed all of the dumb TA bottoms? Well, look at it now!”

I remember a variety of scenarios.. but your shifting all over the place makes it difficult to figure out what the topic is.. if any.

Quote from: death_wish on Today at 06:29:30 AM

I have argued persuasively that Bitcoin, like gold, can survive very deep bear markets with no precedent in any TA juju. Do you disagree?

You can argue that if you like. I already said that I do not know when the bottom might be in.. it is way too early to tell.. about a month ago, I said that getting back above the 100-week moving average might be helpful to have confidence .. but we have had further down since then. I will likely need to reconsider my considerations about when I believe that the bottom might be in, but there are a few resistance points on the way up and a variety of macro factors that may or may not affect BTC prices.. I do not make claims that go much beyond 50/50.. especially when it comes to short-term moves and I even make fewer claims about anything when we are in the midst of quite a bit of volatility. which we have been below the 200-week moving average for a week so far..

You can discount the various lines all that you like. but I am using those as reference points for the moment.. I am not going to start just making up new parameters just for the sake of it. ;and if I already have some frameworks in my head, I m not necessarily going to abandon them or to take on some other frameworks if I do not necessarily consider them to be very good comparison points. Having some bearings tends to be better for my own preparations or any changes that I might make to whatever I am doing.. if I make any changes. I have made around 7 or 8 changes to my various BTC order parameters since around May 9th.. and some of that has to do with my own available cash. and various comfort levels and even the BTC price sooting beyond expectations in several ways. I made a couple of mistakes too.. and then some of the changes would have been redundant to make up for some mistakes in my changes that I had made earlier... nothing really big but again trying to have some preparations for a variety of scenarios.. and then changing my mind about how I would rather deal with the possible variety of scenarios.

Quote from: death_wish on Today at 06:29:30 AM

Now that, in fact, many of your own TA beliefs have been thoroughly violated, do you believe that Bitcoin will die?

no

Quote from: death_wish on Today at 06:29:30 AM

Your dismissal of my ideas as “dumb” rather applies a word that describes your reply here.

Your ideas are not only dumb.. but frequently they are emotional too... .. Yeah. sometimes I say dumb things too.. Once in a while.. Maybe three times in total?