Quote from: tabas on Today at 01:16:24 PM

Quote from: JayJuanGee on April 27, 2023, 06:12:15 PM

Well, be careful tabas.

I know that a lot of people get tempted to trade and they also get tempted to try to accelerate their returns based on volatility, including that many of us likely realize that volatility in bitcoin is inevitable, but we still cannot really have any level of confidence in short term volatility, even though we likely can have a decent amount of confidence that if we continue to accumulate bitcoin and not get too risky with our approach and do not fuck around with trying to gamble with our bitcoin, then likely we can continue to build our bitcoin holdings over time, and maybe it could still take 15 to 30 years before we really get to a financially comfortable position (and that is not even guaranteed), and our odds of getting to such financially comfortable position is better if we continue to build our stacks of satoshis.. and then maybe at some point into the future, we will be able to recognize that we have a decent amount of financial cushion and we have largely reached the goals that we have set for ourselves, whether we want to reach a kind of fuck you status or if we merely want to just be better off than we would have had been if we had not invested into bitcoin.

Accordingly, if you measure getting to fuck you status by the amount of annual income that you have built up, then you may well need to get between 20 to 30x the size of how much that you need per year in order to be able to feel comfortable in terms of living off of that amount, and frequently people will get greedy before reaching those levels or maybe not be able to manage their wealth once they have reached a full years of income within their investment portfolio.. so it can take a lot of discipline to continue to pursue and persist and to not lose your principle when you have reached 1x your annual income and in the process of trying to get to a decently high level such as 20x to 30x.. and yeah, I understand that a lot of people do not make it, and yeah, I understand that some people believe that they do not need 20x to 30x, so those kinds of opinions can vary in terms of how much is needed and how to valuate the value of your assets (which ones that you hold - hopefully including but not necessarily limited to bitcoin... and I am not referring to any need to hold shitcoins, even though some folks might choose to hold some shitcoins).

Thanks for your great reminder and concern, don't worry. I've been into the bottom rock situation of my life and that's why I'm just trying to be the better me with the hopes of having a greater future with these assets, mainly with bitcoin. But at the same time, I don't want to compromise my future and still making myself aware that unexpected things might come in terms of these decisions that I've been holding not limiting only to bitcoin but also to the performance of the other assets that I am holding and soon, may be added to my portfolio. I'm still not firm with my plans beyond 10 years but, hopefully that this bitcoin ride and journey that we all are having will set us for life and that's what I'm leaning and moving forward to everyone's success and not to panic when bad times comes again after such bull runs.

For anyone who has actually come to realize that bitcoin remains the main prize, then it is quite likely that upon a 10 year or longer time horizon, they are going to be way advantaged as compared to the overwhelming majority of people in the world who still have not arrived at that realization in regards to bitcoin.

So of course, there are no guarantees, but even if you had fucked up a lot in the past and made a lot of mistakes, if you become somewhat prudent in terms of stacking and accumulating sats, even if it might ONLY be $10 per week (but surely preferable if you could at least do $100 per week - but each of us can ONLY do what we are able to do in terms of our budget), in 10 years, you will have been able to experience more than 520 weeks of sats stacking.. (52 weeks per year).. so those weeks can add up and also you can reassess your finances on a regular basis in terms of how much you are putting in and if you are being sufficiently aggressive without over doing it.

There are likely a lot of people who still are NOT going to get started in their sats stacking journey until one or two more cycles down the road, and even though there are no guarantees, it is likely that anyone starting stacking sats today.. or even in a recently short history of ONLY having had been stacking sats for a short period of time, are still likely going to be way ahead of those later arrivers to bitcoin who are likely going to be starting their sats stacking way down the road.. perhaps 1 to 2 cycles or later down the road..

Quote from: famososMuertos on Today at 02:16:40 PM

Quote from: AbuBhakar on April 07, 2023, 02:53:11 PM

...//..:::

I think that this opinion matrix wears out over time, I think it is something more generational, "lies" on the part of governments have always existed and will exist to benefit, it is well documented how dictators and politicians have used traditional media to guide the lies over the truth.

And that is where I say that it is generational, each generation is not so "dumb" to not understand things on their own, they may tell you lies and manipulate information but today we live in an era of so much information, check it yourself.

Therefore after so many years, adoption opts for the generational laziness of some, we live in an informational era that if they tell you "truths" you check them, it's simple.

I believe that it is not as simple as you are proclaiming it to be famososMuertos.

A lot of people are still mislead by information and/or being able to sort through information that they see and to figure out the better information from the worse information, and even real smart people have difficulties with recognizing and appreciating good information as compared to bad information.

Here's a good article on the topic.

Why The Yuppie Elite Dismiss Bitcoin

Quote from: Road21Bitcoin on Today at 02:22:10 PM

I mean, you have said it yourself, the public does not buy into Bitcoin even if it has good price history because it was involved in many scams. These past few months alone, many rug-pulls and scam coins have been exposed and brought into the mainstream and many people associate cryptocurrency with Bitcoin, they would have assumed that Bitcoin may also be another crypto scam.

Bitcoin really needs a mass-friendly PR strategy launch to distinguish itself from fraudsters. Spread awareness and information that can be easily understood even by the most computer-illiterate, maybe even publish real experiences of people who gained something out of Bitcoin. But that would be really difficult since Bitcoin is not really a company so it must really to its users to uphold its image.

I doubt that you are going to get a bitcoin friendly mass PR campaign beyond having those duties carried out for free by various BTC hodlers.

Shitcoins, fraudsters and scammers have mass-friendly PR strategies, and sure good luck with not getting deceived by those various campaigns.

Part of the issue of not having centralization is that bitcoin does not have a budget, and the best campaign that is carried out in bitcoin comes out from HODLers doing it for free... and another best way for bitcoin to campaign, is actual facts that are likely going to continue to be shown through gresham's law .. but those kinds of gresham law dynamics tend to be more obvious over longer time frames.. and for people who are able to distinguish better money and worse money... spend your worse money first, but does not mean that you should be holding it... to the extent that you are able to manage your finances sufficiently well in order to be able to have money left over and able to invest it.. then what you going to invest into?

Sooner or later people are going to figure out that bitcoin is superior, even though it could take 20 to 50 to 150 years to really start to get the momentum and to stop getting tricked by the various snake-oil salesmen imitations. A lot of people love to believe snake oil salesmen, and there are lures for any of us to doubt our bitcoin convictions based on the varying ways that shitcoiners are attempting to appeal to us, even though the facts of strong money and the strongest money that the world has ever seen (aka bitcoin) is right in front of our faces.

Anyone can get lured into believing that they are smarter and going to beat the market by failing/refusing to invest into bitcoin and investing into various inferior asset classes (including shitcoins and also including various other ways that people are lured into either not investing or investing poorly into various inferior ways).

Quote from: Ryu_Ar1 on Today at 07:26:29 PM

Quote from: Road21Bitcoin on Today at 02:22:10 PM

I mean, you have said it yourself, the public does not buy into Bitcoin even if it has good price history because it was involved in many scams. These past few months alone, many rug-pulls and scam coins have been exposed and brought into the mainstream and many people associate cryptocurrency with Bitcoin, they would have assumed that Bitcoin may also be another crypto scam.

Bitcoin really needs a mass-friendly PR strategy launch to distinguish itself from fraudsters. Spread awareness and information that can be easily understood even by the most computer-illiterate, maybe even publish real experiences of people who gained something out of Bitcoin. But that would be really difficult since Bitcoin is not really a company so it must really to its users to uphold its image.

Even if the intention is something good but on the other hand I would not really believe that it is useful because in my opinion with conditions like this convincing that we are different is tantamount to a defense as well as in this case by claiming that bitcoin is very much different even if it is true it will make it seem as if this is an excuse especially saying to people who are skeptical of bitcoin.

Skepticism like this will continue to exist and indeed will continue to exist but I think it doesn't matter for that, I personally feel that there is no need to convince skeptics that what we choose is right because indeed they have their own perspective and we have our own perspective. I'd rather continue to convince myself that this is a very worthy thing rather than telling others especially the skeptics. The risk is obviously there when we say this is a feasible thing such as when there are people who are interested it will focus on us because we are like inviting them, on the other hand for skeptics will always make this a defense reason even though what we say is true.

Exactly. Each of us has to have the conviction to NOT be lured out of our bitcoin... and there is ONLY so much that any of us can do in order to persuade skeptics to start to allocate to bitcoin, even if they might start out small and build up over the years after becoming more and more familiar with bitcoin.. so yeah.. it can take a long time to build up a position, and even in the process of one or two bitcoin cycles, even bitcoin HODLers can get shaken from their position to sell too much BTC too soon or to fail/refuse to sufficiently and adequately stack up BTC in order to sufficiently/adequately prepare themselves for possible upwards BTC price moves that are likely to come, but that are not guaranteed to come.