Quote from: AlcoHoDL on Today at 04:33:27 PM

Don't fall for what looks too good to be true, because it almost always is. Even Bitcoin could be called "too good to be true" by those who do not understand it. It is one of the few exceptions to this rule.

Yep.. bitcoin is too good to be true.....

Even though in reality, it is not.

That is part of what is so amazing about bitcoin.

We have an asset class that is largely available to almost anyone.. and has so far provided so much of an asymmetric bet to the upside, which has meant that normies having not needed a whole hell of a lot of capital to get into it, which makes it accessible as fuck.. and there really is nothing in the data to show that the investment thesis for bitcoin has changed in the past 6-8 years, and seems to have even gotten stronger in the past 2.5-ish years.

But instead of being prudent, reasonable and even somewhat aggressive in terms of getting into bitcoin, quite a few normies seem to either not get in at all and some who do choose to get in want to gamble or leverage down in terms of their upside bet.. an there is no need to do all that.. you can get rich as fuck (or at least just improve your lot significantly) with out gambling..

Isn't that too good to be true.. even though it just happens to be true?** Wink

**I know that I saying the same thing as you but just like to hear myself speak.. as "they" say. Cheesy

Quote from: LFC_Bitcoin on Today at 08:15:30 PM

....theoretically bitcoin....... I’m just wondering how low we go when the inevitable happens.

I am pretty sure (the last time I checked with Craig) that the ONLY thing that is close to "inevitable" in bitcoin is ongoing volatility.

Other than that, I am having trouble considering what else might be "inevitable" in respects to bitcoin.

#askingforafriend

Quote from: Wilhelm on Today at 08:23:02 PM

Quote from: LFC_Bitcoin on Today at 08:15:30 PM

An imminent recession or even great depression is one of the worst kept secrets in global macro finance. When it does happen & get confirmed by the asshats in power of first world countries, how do you think the bitcoin market will react?

I mean theoretically bitcoin should pump on such news but it never does. I’m just wondering how low we go when the inevitable happens.

I don't think we are going to go down much...

The only downward pressure would be people needing to sell to pay bills.
The majority of Bitcoin is under whale control or in Diamond hands 🙌 💎

What about the influencenings of "the nakeds"?

Don't "the nakeds" matter? Cry

#askingforafriend

Quote from: LFC_Bitcoin on Today at 09:12:57 PM

@JJG
....Crab market until the next halving is fine, if possible.

Fair enough regarding your overall response .....and overall, there is likely some comfort in just having various options in terms of having a decent amount of cash available to be used, but also o.k. to not use such cash, too.. and for sure it cannot be very comfortable for many of us if we are seeing various aspect of the world burning down around us, even if we may well feel that we had taken a decent amount of precautionary measures..

So even though my own personal situation handled various aspects of the overall volatility differently from you, there are some difficulties to feel as if the world is going to hell, even if considering my way of framing my situation to potentially go from ONLY 20x up to another status that might ONLY be 10X up.. .. which surely there would be a point to run out of money to buy more.. and then could there really be regrets? at some point if the BTC price goes down , there does become a kind of true test regarding "am I really going to hold to zero?" and also at some point: "something seems broken about this thing to be going so low?" Would $10k trigger such feelings? Perhaps? perhaps? or maybe BTC prices would need to go lower than $10k to start to feel as if something must be broken, and I did not get the memo.

Regarding the idea of crabbening .. I get my lil "smart ass" response that I cannot resist but to say: "Bitcoin no doesn't work like that." hahahahahaha.. in other words, to me, it seems like a kind of fantasylandia to expect that crablandia on the way up is any kind of realworld possibility in bitcoinlandia... I might keel over from a heart attack if we were even able to achieve crablandia up to $69k -- I would have to shake my head, and say: "Bitcoin no doesn't work like that. Wake me up! Wake me up!!! Wake me up!!!!!!"