I am the anti-mindrust. Does this sound like mindrust? Roll Eyes

Quote from: death_wish on June 15, 2022, 09:36:51 PM

I didn’t cover my leveraged long and salvage whatever BTC I could at $45k–$47k, primarily due to a psychological inability to dump BTC—and I hate to bet against BTC! It also seemed not improbable to me that we may rocket straight off to $100k, no stops. I did know that de-leveraging was the economically rational choice—I just couldn’t hit the SELL BTC button! At several points in the upper $30ks to upper $40ks, I considered asking a friend to do it for me: “Here is access to my account. Please, I beg of you, recover whatever BTC you can, while I go drink myself into a stupor. Send the proceeds to bc1q..., and keep a stack of sats for your time. I will thank you forever.” I considered that. I just can’t hit that SELL button, unless a liquidator bot is a poised to strike at any moment.

Quote from: OutOfMemory on Today at 05:15:26 PM

Quote from: Torque on Today at 02:57:02 PM

Quote from: BobLawblaw on Today at 10:34:28 AM

Quote from: death_wish on Today at 10:29:40 AM

I think that Jay and I can probably more or less agree that you have overconfidence in your predictive abilities. (To put the matter “diplomatically”.)

And I think that all of us can more or less agree that you are the mindrust for this season.

When Mindrust "mindrusted", he quietly left the WO thread.

But this new troll death_wish just never shuts the fuck up, spewing walls of garbage and nonsense.

Not all mindrusts are 100% alike, but they share the fate of selling the bottom.

Only someone who treats BTC as “only money” could equate me to mindrust. From a perspective of raw greed, I definitely out-mindrusted mindrust.

Although objectively, my short-term financial losses are much worse than mindrust’s, subjectively, our motives and thought processes were diametrically opposed.

This is important to me. If I ever were to panic-dump BTC in a crash, I would commit suicide. I mean that seriously, not as a self-deprecating half-joke like my forum name. It would be honour-suicide, not giving up from depression; I don’t get depressed.

Now, I lost most of my money. But I can look at myself in the mirror.

Quote from: OutOfMemory on June 01, 2022, 06:04:40 PM

@death_wish: "deathwish" is a skateboard brand, but if you ever have the chance, change your forum nick to "inner_peace", and i'd also suggest to try to reach the latter, which gives the same result as being dead, but without the rotting and tears of relatives/friends, and you even can live on and enjoy everything and yourself a lot more Cool

You don't need to be rich to be happy, yourz knowz? Grin

Some things are more important than money. When I was young, I rejected an opportunity to be mentored into a lucrative financial career. Why? I hate the corruption in the financial system. I did not want to be a part of the system.

I got into Bitcoin for the same reason. I did not even learn about “number go up” until I already had significant BTC. I often knowingly make economically irrational decisions based on passion for Bitcoin. In the future, I need to do a better job of compensating for this; the cruel irony is that I lost almost all my BTC because I cared too much about it. Investing with emotions. AlcoHoDL gave excellent (albeit futile) advice for me to get 1 BTC, and Jay’s best advice is that I need significant BTC in deep cold storage—a psychological need, not a financial need.

As long as I can say that I have never voluntarily mindrusted my BTC, I can live with myself. I am frankly grieving now. In the long term, I will have from this only some scars on my psyche—plus an unfillable hole in my wallet, the absence of some bitcoins I should have had in addition to whatever I make in the future.

I can live with myself because I can say proudly, “I’m not mindrust.”

P.S.,

Quote from: OutOfMemory on Today at 05:15:26 PM

the fate of selling the bottom.

I didn’t lose my coins at the bottom. After a series of pumps up ~21% up from the bottom, we are still below the price of my last liquidation—which was below 200 WMA.

At the bottom, when I saw my ticker flash around $17,600, I panicked over the impending potential of another liquidation—and blindly dumped other good assets when they were crashing, to save my BTC. Got out of debt ASAP.

The altcoin scraps that paid off most of my remaining debt, I sold around $43. That coin is now over $61, and rising fast; if I had waited, that could have paid off all my debt with some left over! I would never have sold it so low, if I had not been under extreme pressure to save my BTC. I couldn’t collateralize it; otherwise, I would have risked it as collateral to my BTC. Had to sell. Oh, the joys of margin accounts... The altcoin that paid off the rest of my debt, I sold at $58 as it was bouncing up from its bottom. That was blind luck, waiting for a deposit to clear; I was not trying to time the market. It is now $69. The total remaining debt that I needed to cover was around $740 encumbering about 0.0495 BTC.

Bitcoin = #1 priority.