
Image copy from Telegram
Is "crypto" in the room with us, now?
I can hear Jay's Keyboard sound at my place. Not sure why.
Oh My!
You may well need a batslap, just to relieve you.... Tinnitus, perhaps?
snip
Your original assertion was that Bitcoin has decoupled from the stock market.
I was not asserting anything. I was rebutting Philip's assertion.
.. .
JJG this is sad you sound like a fucking politician
Hm? Maybe you don't understand the difference? I was responding to your comment... Maybe it amounts to the same thing, but I felt no burden to have to prove whatever point that I was making. If I was making a point on my own, then maybe I would need to provide some better evidence... maybe.
reminds me of this one. by good old Bill Clinton
"it depends on what the meaning of is is"?
I don't think so. What I said does not seem the same as what Clinton said. And, sure Clinton is famous for that testimony... Famous for other things too.. but still.
You made the assertion that my assertion was wrong.
Just say you did that and move on.
I am not changing my view on this or my way of framing it. I already made my points. Do you want to go over it again substantively? Did I miss something? Does more need to be said? Yeah a bunch of fucking dweebs are going to continue to argue correlation.. and I am going to continue to say that is bullshit.. unless the evidence changes... which it might.. but it has not changed so far, from my way of thinking about it. What else needs to be said? Which aspect do you want to argue? Do you want to continue to argue correlation?
Yes, you give more weight to those correlation arguments, and could be part of the reason that you hardly have any BTC after 11 years in bitcoin. Sure there are likely other reasons that you hardly have any BTC as you had explained, and I have already asserted many times my belief that you continue to make some of the similar mistakes as you have historically been making, which is not stacking enough bitcoin.. but whatever.. you do you. Maybe whatever you are doing currently is going to end up working out for you, this time? Maybe?
BTW if you think I am a believer in fiat you are fucking clueless.
I am going based on things that you have said, and you are frequently pumping that nonsense...including being all excited about the interest rates on Ibonds.. blah blah blah. I am attempting to go based on what you have been saying rather than just making shit up.. .
I am a realist. I think the filling statement is closer to what I believe
"Fiat has a shit ton of people with guns and will continue to defend itself against BTC"
I also think "why use guns when you can create shit like STX using a stooge like SBF"
Sure... But so what. I don't disagree with those statements. There has always been a lot going on in BTC, and sure I can criticize you for your BTC approach going back 11 years, and maybe I can applaud you for accumulating and stacking more sats in the past few years? But you still frequently say some things that cause me to conclude that you are not coming to the right kinds of balances, including regarding how you talk about how to accumulate BTC and then how to maintain BTC investment.
Finally I think "Be like JJG just DCA BTC"
You don't really believe that. Yeah, currently you are DCAing, but you sold while the BTC price was going down in order that you can buy back cheaper. That's a different strategy. Sure, such strategy might end up working out for you, but it is not a "be like JJG just DCA BTC" strategy.. .. and even though I have tended to put a lot of emphasis on DCA, especially for beginner bitcoiners, I still try to emphasize tailoring your approach to the situation.. which would be weighted towards accumulating BTC in the beginning with an emphasis on DCA, buying on dips and lump sum investing.
Then once you establish your BTC stash, then you will have more flexibility to sell on the way up and buy on the way down... so selling and buying lower is not really anything that I would suggest, even if you got lucky with your doing it this time, and sure maybe once you have sold, then sure DCAing would be part of the strategy to buy back and also buying on dips... so I cannot really disagree with that part.. but whenever I had historically sold more BTC than what my otherwise normal strategies would guide (maybe the last time was around 2016 -- I cannot remember exactly.. but it is not something that I usually do), I get nervous about not having enough BTC and I tend to buy back way too soon.. so I pretty much stopped trying to sell any BTC to buy back lower.. because it does not tend to work for me.. at least not so far in my bitcoin journey.. and it seems to not be necessary.. even though I can see why people might be lured into that kind of an approach.