Quote from: fr4nkthetank on November 17, 2022, 11:34:40 PM

Isn't Hal frozen? so there's a chance...

I doubt that there is much of a chance... so why waste our brainpower even fantasizing like that?

Quote from: philipma1957 on Today at 01:04:21 AM

well do we top 17k or what?

Why? Because you are talking your book?

Why do "we" need to top?

You have heard of squeezes?

Squeezes go both ways.

One thing that it is truly and honestly being prepared for either direction, is that you find absolutely no need (or at least a pretty damned low level of bias) to either talk your book or to have your BTC price direction prediction come true.

Quote from: Dubaian on Today at 05:14:57 AM

Ash WSB

I don't know.

there seems to be a difference between completely losing your Bitcoin, and merely having them go down in value by 20%, and it seems quite likely that the going down in value is going to be temporary.. but losing 100% is permanent.. and maybe even some folks lost more than 100% if they ended up leveraging and losing too.

Also, let's say that someone had spent 20-40 years building their wealth and they had built up $2million to $6million that they held in bitcoin. Even if they were able to hold onto 20%, they may never be able to recover back to where they were because their wealth building had taken so long to accumulate.

Another thing with bitcoin would be accumulating the BTC in the past 3-10 years, so if a lot of coins may well have been accumulated in the triple digits or even a lot of coins in the 4 digits, those coins also might be quite difficult to re-accumulate - depending on a person's age.. and sure if someone is in their 20s, they may well have opportunities to recover, but it they are in their 40s, 50s or older, they might have quite difficult times building back their wealthy - even if they might have learned about bitcoin being a superior way to store and build wealth... So even having knowledge of bitcoin, knowing how to accumulate it, they may well have ended up putting themselves into a position in which they are NOT very able to rebuild that wealth.

Some folks have surely been preaching about the virtues of wealth preservation, and we might be seeing some pretty strong lessons that could be learned for people who lost value and for some of us who feel that we have been being able to continue to preserve quite a bit of value (so far... knock on wood)...