Quote from: AverageGlabella on August 16, 2022, 10:08:49 AM

I am confident about 2023 looking at the current movements of Bitcoin think we could see a bull run again.

For sure, survival is part of the name of the game, and if you can make it through these down periods without losing all of your coins (or at least not too many of them), then you are likely doing well.... and you are likely doing even better if you can pick up some more coins during periods like these.

My own situation is still somewhat ambiguous because surely I was buying on the way down, and I even felt that I had to allocate some fiat towards bitcoin that had already been allocated towards other fiat spending matters.. but I reconsidered the situation and redirected some of those funds towards bitcoin.

I had mentioned earlier that I had felt some need to get involved in a bailout of someone, and surely that bailout is looking like way more than I had even considered - so I am still trying to figure out ways to spin some of that in ways that are mutual interest to me.. I am kind of feeling like Sam Bankman Fried - even though I do not do shitcoins.. but I feel like I am kind of on the bailout side of matters.. and thinking of ways to advantage (or at least not be damaged) by engaging in such.

At the same time, we still have to figure how to deal with the rest of what might be ongoing consolidation in terms of trying to be prepared for either UP or DOWN in the short to medium term, and even trying to figure out where we are at currently.. what is our price range? At what point would it be reasonable to start to feel comfortable that the bottom is in? I have been shifting around in regards to that number too.. but I am pretty sure we have to get a decent amount above $30k before starting to feel that the bottom is in.. .. but that still gets us back to the need to account for both price threshold on the way up and how much time it takes to get there... we could have a quick upburst, or we could have ongoing trickling in the higher highs and higher lows sense.. .. so even if we know that some downs are inevitable, the short term questions still likely involves whether we get up before down or down before up... even though in recent times we have been staying within striking distance of making new highs within the consolidation.. and maybe breaking above $25k might get us some more spurt up... what are the odds? Any more negative pieces of macro in the near term coming out?

Quote from: Morningstarr on August 16, 2022, 09:49:31 PM

Quote from: BitcoinBunny on August 16, 2022, 05:28:11 PM

The fear is used to get people to do something specific that the government wants. The media is merely an arm that goes along with all the nonsense.

Traditional media has lost its effectiveness, so the trend of the young generation has shifted to social media. We cannot get rid of the media completely because we still need it for news and verification, but in many countries, it is also completely controlled.

Quote from: BitcoinBunny on August 16, 2022, 05:28:11 PM

The human race easily has the opportunity to use Bitcoin and tell governments to all fuck off with their taxes completely but people are too scared because the media said Bitcoin is bad and used by criminals.
Roll Eyes

Investment experiences of common people have never been good as almost the majority consider forex or the stock market as a scam In which only common people's investment is taken away from them, but one thing that gives them confidence is its legality, While no one has control over Bitcoin, it awakens their fear that the media has already instilled in them, of losing their investment or being arrested for illegal trading and manipulation, etc.

The unwarranted propaganda of the media has changed the psyche of the people to feel more content to be controlled than free because of the guarantee given by the media or the government even if it is false.

Yes, we know that these various kinds of propaganda issues exist with the media and with the government, and sure there might be more areas of desperation in times like these in which all things seem to be collapsing.. and even worse, in some ways, as compared with previous times, yet the question still remains what are we going to do on an individual level.

Bitcoin Bunny (BB) suggested bitcoin as being part of the solution, even though BB continues to talk about the so many problems in the world, so I would imagine that even he does not believe that bitcoin can fix all of the crazy-ass things - at least not in the short-to-medium term and effectively as long as most of us will be living, we are going to likely continue to be in a kind of transitional state of affairs in which bitcoin is going to serve as part of the solution for a lot of us.. and it is likely even governments and media are going to end up coming around to bitcoin, too.. but probably NOT without any kinds of major battles and ongoing spreading of confusion for many decades to come.

In the mean time, how much of a bitcoin holding might serve as a solution, and how are we going to carry our bitcoin during these trying times, because if we want to be members in society, we likely need to continue to have feet in each of these worlds in order to not become a target, either.

I am not sure about the proper balance for each person, even though I continue to try to employ what balance I believe is reasonable and prudent for myself and given my own circumstances.... After you answer some of the questions about how many coins to accumulate, then you have to reach it, and then these are not static matters because hopefully each of us are still able to use our coins to our advantage, and how much can we shave off at a time in the event that we do not have fiat to spend first. I was talking with one of my relatives who tells me every time that I see her that she should have listened to me in 2014 about buying bitcoin .. and what can I do except keep saying the same thing even though her situation is getting worse and worse.. because she is on a fixed income pretty much and getting older and older and unable to do stuff, so everything that she has is in her house.. she does not have hardly any other liquid assets and her cashflow really seems inadequate for maintaining anything close to her prior living when she had been working more and able to earn more income. I cannot exactly tell her what to do because she hasn't been listening to me since 2014, even though she likes to talk about it.. but if we get into anything in the direction of her taking some kind of action, she changes the topic or her eyes start to glaze over. She's not ready... and there is ONLY so much that I can do to save others from themselves.