Quote from: AlcoHoDL on Today at 09:40:29 AM

Quote from: True Myth on December 09, 2023, 09:18:24 PM

[edited out]

For what it's worth, my experience with people of faith (mainly Christians, bus some from other religions), has been pretty negative, on average. I find many of them to be among the most aggressive, intolerant, arrogant, stubborn, closed-minded, bitter, toxic individuals I've ever met. For me, the fact that someone is deeply religious is a pretty accurate predictor of one or more of the above traits. There are exceptions, of course, but the norm seems to be like that.

It's sad, really... I wouldn't wish it on anybody.

I don't really like to subscribe to the theories of Bitcoin as a religion, but it seems that some of us can become the same way about bitcoin, and so to the outsiders (or the non-believers) or those who do not get bitcoin, we can come off in those kinds of similar ways in terms of our having a kind of vision that might not be shared by others - and so many times, even when people are seeming to be closed-minded and stubborn, they frequently will still like to consider themselves as being reasonable and open to a variety of views, but at the same time, are going to be wedded towards seeing the world through their own ways of framing matters... ..

so I am not sure, I am feeling mixed on the topic regarding how strongly even some people feel about their beliefs, because they might actually be open in regards to some topics, while at the same time being stubborn in other topics... and yeah, sure, I have met people who are irritating to be around.. and sure sometimes it might go back to seeming to be about religion, but I am not sure the difficulties of dealing with others is merely religion.. Of course, in recent times, we have been seeing a lot of political divides, and so worship of the state or being anti-state and then dividing of camps on these kinds of grounds, but then how much anyone divides or how much they believe their party might resolve their issues might depend upon which issue(s) we are discussing.. and looking towards leaders to rescue us from our broken money system while not necessarily recognizing that the various aspects of the broken money system might be the cause of the problems and/or disagreements about not getting enough, while at the same time blaming the problem on other kinds of ways that there are inequalities and differences of opinion regarding how the pie should get divided.

Quote from: WatChe on Today at 12:57:39 PM

Quote from: JayJuanGee on December 09, 2023, 03:49:17 PM

Quote from: WatChe on December 09, 2023, 06:29:07 AM

Quote from: sirazimuth on December 08, 2023, 08:46:59 PM

Once it reaches 50K, all the grandmas and taxi drivers fomo in, then one sells.
Then when it dumps back to 40K, one buys those coins back.
Not rocket science.

I will still be Hodling at 50k.
CC: JayJuanGee

Why do I get a mention?

I am thinking that $50k to $55k is a current kind of point of resistance, just as I had thought that $35k was our previous point of resistance....
.. with a cashing out rate of 5% of the BTC stash every time the BTC price went up 50%.

50k now is a now new target value for most of us because of current bull run.

Yeah, but would "most of us" be trading - because I personally see certain possible resistance points, but I hardly even attempt to change any of my behaviors based on such perceptions of such possible resistance points, and this time around I have certain sell orders that go up every $500 when we were in the lower $20ks and below, and then it converted to every $1k around $32k, and then it converted to every $1,500k right around $43k and then there are some various minor changes downwardly in the quantity that is sold around $50k and then converting into sales every $2k after going over $56k... and even though my sell increments are pretty tight, there is still some kind of expectation that the amounts are so small that I am not worried if the BTC price does not correct back down - even though surely I remain somewhat surprised that there have not been any major corrections since $27k.. but at the same time, I am prepared to accept that the BTC price could go up 3.5x or more (from $27k) without any major corrections.. and so either way it is o.k.. and surely there are a lot of guys that do not even attempt to play around with any kinds of sales prior to even higher prices, so those kinds of peeps are not going to be messing around with BTC sales prior to going back over the ATH.. which I would think a minimum of $80k and many times even higher than that.

So the "most of us" does not even seem to rise to the level of "many of us" - even though surely I could give you some benefit of the doubt for speaking for a certain circle of people that you choose to identify as a kind of "most of us."

Quote from: WatChe on Today at 12:57:39 PM

The way price jumped up and crossed 40k in a short span, now the bet is whether Bitcoin will touch 50k or not. May be as sirazimuth said many will buy when price touch 50k, while there are many who are waiting for this price to sell there coins. You are very right in saying that 50 to 55k will be new resistance but that resistance will be better then 30k resistance.

I hate to characterize exactly what I believe the resistance to be at $50k to $55k, but I have somewhat of a difficult time believing that we could just end up going from $27k and passing straight through noman's zone.. .so it is hard to know, while at the same time, it seems most logical that anyone should be attempting to judge his own situation rather than merely using the BTC price as a guide, and if anyone has been accumulating BTC for less than a full cycle then they probably are not really in a great position to be selling any BTC, even if their BTC happen to be in profits.

Maybe one of the ONLY exceptions that I would see would be if someone might have front loaded their BTC investment in 2018, 2019 and/or 2020, then they would be in a much better position than the regular (and normal) person who is merely DCA'ing or otherwise just regularly accumulating for the past 4 years or less.

Even with your forum registration date, maybe we could consider you as being close to a full cycle kind of guy, but still even if you had been fairly aggressively accumulating BTC for the last 4 years at $100 per week, you would have invested right around $21k, and you would have gotten around 1.11 BTC ($48,840)- which still is ONLY around less then 2.5x rise in value. or around 150% profits.. and with an asset like bitcoin, I have my doubts about the extent that it would be worth it to be cashing out any BTC - unless maybe you had happened to front load your investment, like I already mentioned...

so for example the same kind of investment as I described above might be a person who started out and invested around $40k into BTC around late 2019 or early 2020, and maybe that person could have gotten anywhere between $7k and $10k per coin (so anywhere 4 BTC and 5.7 BTC). So if we add those quantities onto the above investment, then there is a 5.11 BTC ($224,840) to 6.81 ($299,604), and so such a person who front loaded the investment would have more liberties to be shaving off profits at $50k, if so inclined, even though surely it could be better to wait another cycle and just keep accumulating. even though the person with 6.81 BTC and around $88,840 invested probably would be feeling good to potentially be getting to fuck you status (if we are using $2 million) during this cycle or maybe in the next cycle, so why screw up an accumulating technique if you are not yet at or near fuck you status?

Quote from: WatChe on Today at 12:57:39 PM

Don't get me wrong. I mentioned you just on a lighter note that even if price touched 50k, I wont be selling my bitcoin. This is something we are discussing for quite sometimes now.

It does not seem to be a great place for selling a lot of coins, even if you might have already reached fuck you status.. But surely if you had already reached fuck you status, then maybe you would just shave off coins at various points, like I mentioned in my sustainable withdrawal thread...

At the same time, maybe you don't have the same entry-level fuck you status as I suggest to be the default western status of $2 million (which would be right around 69 BTC right now), and that same chart is showing that a guy that currently has around 6.81 BTC might not be entering default entry level fuck you status until around 10 years from now, and of course, maybe your entry-level fuck you status is not $2 million, and surely my numbers might be a bit conservative on that chart, too.. perhaps? perhaps?.

Quote from: WatChe on Today at 12:57:39 PM

A winter Sunny Sunday is a perfect day for hiking.
Location: Islamabd, Pakistan

Nice to get out. For sure.