Quote from: Biodom on July 16, 2022, 09:06:19 PM

@JJG

FYI...from https://brians.wsu.edu/2016/05/19/whimp/

Quote

If you use the much less common “whimp” instead people may regard you as a little wimpy.

I must admit that I kind of like your whimpiness in some kind of way, and how heavily you seem to want to defend it in a way that borders on desperation .. hahahahaha

I am employing a whimpy spelling of the word wimp...

Quote from: Biodom on July 16, 2022, 09:06:19 PM

That said, now I am a wimp for not selling at $60 or 50K? Hilarious.

You likely realize that my reason for describing you as a whimp or wimp or whatever has to do largely with your reference to an accumulation style that seems to considerably hesitate in terms of ongoingly engaging with bitcoin and even buying at any price or whatever.. .. I don't claim to know your exact details, even though I have made some characterization of some of your ways of describing your thinking in regards to BTC accumulation, which subsequently likely affects your fear of selling BTC since you likely don't even have close to enough - based on what seems to be your own self-imposed limitations.

That's o.k. it is no big deal to me... even though it can be funny, from time to time, regarding how worked up you seem to get regarding some of these matters.. and you don't really seem to lose your temper as often as you had in earlier times, either..

Sure there seem to be some guys who did end up specifically selling around $50k to $60k, and buying back decently amounts of BTC at decently low prices.. and there seems to be some credibility behind their having had done that - even though I did not really agree with that approach but it did seem to work out pretty well for them both in financial and seemingly psychological ways too.. .. and in the end, each of us have our circumstances - and if you had done the same thing, I might have gotten on your case for engaging in some seemingly inconsistent behaviors.. and I did get on the cases of some of our members who did sell higher and buy lower, even though technically they did end up engaging in financially profitable conduct.

Quote from: Biodom on July 16, 2022, 09:06:19 PM

Here is a bet (nonfunded):

I don't like the idea of calling "unfunded" as a bet... You seem to be making a prediction, and personally, if we are going to bet, I would prefer to actually bet, even if it were to end up being for a decently low quantity of satoshis... but maybe something at least meaningful enough that it might be more than the equivalence of $10.. but of course, if there are disparate odds, then the quantities might be much greater for one side as compared to another.. like for example when you made your bold statement about $200k not being reached by the end of 2022-ish.. something like that.. . and now your statement is not looking so outrageous, even though you went on radio silence when I wanted to try to get you to agree to some kind of monetary value on such bet (empty bet from you, as we subsequently discovered since you did not want to stand behind your own words.. because likely even you realized how extreme they were).

Quote from: Biodom on July 16, 2022, 09:06:19 PM

within 2-3 years anyone who sold at 50-60K would be considered a wimp,

That sounds too subjective to me, even though you are making a bullish statement.

It also does not really sound like something that is bettable in the strong enough sense that we would even be able to create bettable terms in which would take opposite sides of such a bet, if we were able to objectively frame it.

Quote from: Biodom on July 16, 2022, 09:06:19 PM

unless, of course, they sold at 60K, then bought back at 17.5-20K, but it is REALLY difficult to do if you already did something with that profit plus paid taxes on it; not impossible, but difficult. Every time I sell, I consider that bitcoin gone..but I haven't sell for a while.

I don't know.. a 2x to 3x spread should not be that difficult to justify having had sold.. even if accounting for taxes. And of course, the sold BTC might have a cost basis of $200 to $3k perhaps, so selling at $60k-ish would be mostly all taxable.. .. but I don't really see any major issue in terms of having to pay taxes based on profits, and it seems that I have declared some BTC sales in my taxes for the past 5 or 6 tax years, and there was even one year that I was nearly finalizing my filing, and then within about 48 hours of my filing it, I discovered some sales that I had made and I had overlooked.... So, I had to spend nearly a day.. trying to figure that part out.. because it kind of threw me for a loop because I was considering that I had not had any reportable sales that year... fuck.. it seems to all have worked out.. .. and I don't feel deterred by any of that.. and even a couple of years, I ended up paying in way more than I usually did because I could not figure out any way to off set them or anything like that...

but it was still well worth it overall from my overall cash flow situation from those years by having those extra BTC to be available to me and to be able to have that money (BTC) was way better than if I had invested that same value in traditional investments.. something like 30x to 40x better.. if you consider in a more overall framework to take a snap shot of various investments and to find total BTC portfolio being UP about 50x to 80x or something like that for around an 8-year period, and various other investments of everything else not including BTC were up like 75% for that same 8-year period.. so something like a 30x to 40x difference in performance depending upon when exactly the snapshot comparative assessment between BTC investments and non-BTC investments would have been taken.