Quote from: SmartGold01 on Today at 11:19:08 AM

Quote from: JayJuanGee on Today at 12:02:09 AM

Quote from: SmartGold01 on June 08, 2023, 01:22:02 PM

Bitcoin gives everyone free hand and access to do whatever they thought of with their bitcoin, it's not a do or die affair whereby after buying you must hold till finite. Don't quote me wrongly but just try to get my point here, I may decides to buy bitcoin today and sells in the next two to three months after which I think the little increase or profits gain from it is okay by me.

Also remember that I may buy bitcoin and in few days interval urgency may come to me whereby I can decides to sell and settle the problems at hand but that doesn't mean I do not want to hold my bitcoin, but since there is no alternatives on how to get it sorted out I then decides to sell my bitcoin is not a bad decision I have taken so far.

But main problem here is, If I could be able to get them back at that cheap price which I sold because knowing too well that bitcoin price can't be as same when buy this year and next year. Being able to utilized the opportunity given to us at a plater of Gold is another great deal which many does not know that opportunities never waits for anyone.

As a fellow you have something good doing at hand and it happens that you just buy and sell without any reason is really bad because bitcoin is a Gem which is worth holding for long term.

You are correct SmartGold01 that you have the discretion to do whatever you want, including overly investing into something (such as bitcoin) and not having your shit sufficiently together and being forced to sell 3 months later or 1 year later or some other timeline in which you end up selling your bitcoin at a time that is other than your own choosing because you over invested and you gambled and you were using money that should have had been in some kind of emergency fund.. and bitcoin is not a good emergency fund.. even though the more that you are in profits, the more options that you would have to keep some value in bitcoin as an emergency fund.

Part of the rationale of not investing more than you can afford to lose would be that you do not have to sell any of your bitcoin at any time other than completely your own choosing and hopefully there can be a variety of options that could be arranged in which there are funds available that can be drawn upon and there are choices in regards to which funds might be drawn upon during periods in which it might seem that everything is dropping (except for dollars) and maybe some larger quantities of your value should have been in dollars rather than getting greedy in regards to holding too many bitcoin and having to sell at a time that is other than your completely own choosing.

Any investment which investor is selling out of proportion to me it seems to be a misplacement of priority, such opportunity may never happened it's good to always have a spare cash at hand and not investing with all they have for any emergence purpose. Planning very carefully sometime always protects our investment, because we won't deliberately go alter whatever assets we had accumulated.

But that notwithstanding, Everyone invested according their capacity also have the power and ability to sell at any given time without undermining what form and kind of currency they are actually holding be it bitcoin or altcoin, anyone who is holding bitcoin understands the potentials of it would never let it go in just a little blown of an air of hardship or problems that may likely arise. Drafting investment is a long benefits to the investors also help securing long lasting profitability which is more overly for long term investment rather than go for a package of short term.

We are not really talking about shitcoins here or the extent to which it might be prudent at all to include them in your investment portfolio, but surely each person does need to figure out those kinds of allocation matters - including the extent to which they might get involved in shitcoins - especially if they might already know about bitcoin and they are attempting to decide how much to get involved (or invest into) bitcoin.

For sure there are ways to accomplish individual objectives, and some folks might have trouble really figuring out the various possible investments even if they might end up accomplishing the first most important step which is to figure out how much of a budget that they actually have for investments.. whether they have any discretionary income (extra income after accounting for their expenses), and then if they do have discretionary income to figure out the extent to which they might make changes in their life (or even have some upcoming changes in their cashflow/employment status) that would contribute towards their considering their cashflow into the future - once they might have had assessed their past investments (if any).

So choosing assets to invest into is still only one part of the formula, and the likelihoods of getting stressed out over some of the current events (or dynamics in the macro dynamics) might partially indicate that the person is not having a lot of success in terms of figuring out his/her own finances and the creation of some kind of a road path in regards to personal finances will likely help with psychology and also likely help with choosing which assets to invest into, what proportions and maybe even various ways to make progress towards reaching staking level goals - depending on which assets are choosing and target levels that are chosen, too.

Quote from: SmartGold01 on Today at 11:19:08 AM

Quote from: JayJuanGee on Today at 12:02:09 AM

PS... By the way SmartGold01.. when I glanced at your profile (after I had already drafted this above response), I had just noticed that you had created a thread from February with my name in it.. hahahahahahaha.. ..

Yeah, there is nothing much attached to it just that I tried to scrolled down on your merits spray and I couldn't be able to finished it. I was wondering the kind of strength you used in giving out merits to users over here.

I am planning on making a response over in that thread soon.. maybe even today or tomorrow.. and I read through the first 3 pages.. so I am getting close to being able to respond.. .. and at the same time, there might be some things that you are asking me related to merit sources that I have no intention to really getting into any of the nitty gritty - and you likely can review various sources about merit sources, and even some of the threads in which theymos had introduced the addition of such merit source practice in January 2018.

There are a lot of threads out there related to merits and merit sources... and this one is good to give you some numbers, comparisons of various members and even members sometimes making comments (or complaints) along the way.. of course, there is no need to read every single response inside those kinds of threads.. but sometimes you can still see that various discussions had taken place, and maybe even members complaining more in the earlier years.. but then maybe not complaining as much in recent times.. and maybe complaining about anyone who complains in recent times.. Cheesy

.... which I am not even suggesting that some of the current complaints might not be valid.. and I have even participated in some of those conversations without even wanting to necessarily repeat something that I might have posted about 1 or 2 years ago.. or maybe even my ideas have changed, or maybe I am not even wanting to discuss some things.. and then just telling the member to go back in history and to figure out some of those matters.. to the extent that the issues matter or if there might be a specific question that is tied into something that happened or why, then surely it could be a better frame for a question, rather than just generally asking about some kinds of things that might be answered by browsing through some of the threads related to the topic.

Quote from: SmartGold01 on Today at 11:19:08 AM

Quote from: JayJuanGee on Today at 12:02:09 AM

Strange as it may seem, I had not realized that such thread existed.. and no one mentioned that thread to me.. Within the next day or two I will try to take a look at it..

I never knew you had no idea about it, was actually thinking Expert as you people always used a notification bots maybe if anyone mentioned your name you get notified by the bots.

Yes.. there are some members who use those kinds of bots to notify them if their name had been mentioned in some forum post, or maybe if they are a bot, then they use themselves to notify themselves. I deny receiving any such notice prior to yesterday, and if I had received notice prior to yesterday, I did not recognize it, appreciate it or understand it.. sufficiently enough to actually realize that I "should" "look into it".. Tongue

Quote from: rachael9385 on Today at 12:08:31 PM

Quote from: Nwada001 on June 05, 2023, 08:32:37 PM

Quote from: Wind_FURY on June 02, 2023, 10:57:12 AM

BUT if we're lucky enough, I would suggest that you keep that you're HODLing Bitcoin only to yourself, not even your relatives and close friends should know. Believe me, wealth doesn't entirely change the person who made the wealth. It changes those people around the person because they know he/she has made wealth.

In my personal experience the "wealth change" wasn't that much during last ATH, but if Bitcoin surges to $1 billion, I probably should go into hiding.

Indeed, it's not just Bitcoin that we need to keep secretive. We don't know who is who, and we also don't know who those that are close to us are; we just have to play it safe first before we think about praising ourselves. That's why in this forum, privacy protection is among the things that's highly advisable to holders.

Even if it's not Bitcoin holdings, it's important to always note that there are levels of wealth that we might be in possession of that we don't need to disclose to anyone. Because betrayal comes from envy, jealousy, and greed, if someone who is close to you knows that you are holding a huge amount of Bitcoin or some level of wealth, they can turn out to be the unknown enemy that we have been hearing about. If they can't harm you themselves, they will discuss you with the next person who will. Sometimes they won't do it because they want to take away all that you have, but because they just don't want you to have it.

I guess you are very right on this because a man secrets is what keeps him afloat from others. I would not be having some certain amount of BTC and then disclosing it to my friends because I want to show a sign of wealth that would be stupidity and a sign of immaturity as well.

People show off their wealth all of the time, and maybe sometimes it could come back to bite them in the ass.. yet I doubt that the mere fact that someone shows off his/her wealth is a bad thing, so there is a kind of nuance in the ways in which someone might show off their wealth and also ways in which they might show off more information than they need to show... so for example, some early bitcoiners might not have had realized that showing off their actual wallet address.. and that they might have 100 BTC in that address or even 1000 BTC in that address, and then if that address had publicly (or at least amongst a certain group of friends/associates) been connected to the identity of a certain person, then there surely could be some traceability regarding if those coins are still there, or if some of them had moved or maybe even to show some financial relations or ongoing holding of the coins that could contribute to some vulnerabilities in the future that had not been recognized or appreciated in the past.. because maybe in the past, those coins were ONLY worth a small amount of money, but then in the present the amount has become very large (and very life changing for a number of people who might not be good people.. and who might try to attack such coins either physically finding real world vulnerabilities or perhaps finding other vulnerabilities in terms of how the coins are held.. and maybe the more scary part could be having our physical security put into jeopardy - and maybe even the person who is attacking does not have good information and if some earlier adopter gets attacked they might not even be able to prove the attacker to be misinformed in regards to his/her beliefs regarding the number of coins that the OG bitcoiner currently has control over or abilities to access.