Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
@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 
You don't need to be rich to be happy, yourz knowz?
You don't need to be rich to be happy, yourz knowz?
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.
Some worthy ethics there? I guess so. I hope they didn't vanish over time.
You know, one of the main reasons why mindrust pulled out was greed. He aimed at some high amount of $ per BTC, he said he would never sell below that. When he was about x10 from his entry price he feared to lose more, so he sold everything but 1 BTC (IIRC, which i often doubt, hence my meaningful nickname).
This sets you apart from mindrust, though, only if the (true) motivation for your leveraged long position wasn't greed.
Some derivatives and tools of the financial markets are tempting because powerful if used successfully, but i think Satoshi was very much against them, as parts of the system, so he propagated HODL. This is what you should have done, but it's hard to do if you only trust in your own judgement. In reality, we are so weak and full of error...
Good luck and act accordingly
