Quote from: d_eddie on August 06, 2024, 05:59:01 PM

There's a high level of FUD going around in the crypto media. Especially, FUD about our lil fiend.

Cointelegraph, The Block, U.Today, all talking about 49.5k or similar. Bear market incoming. Many plebs will be shaken. I resent the media.

Follow the advices of the mainstream media, and have fun staying poor.

Quote from: OgNasty on August 06, 2024, 07:52:53 PM

Quote from: d_eddie on August 06, 2024, 05:59:01 PM

There's a high level of FUD going around in the crypto media. Especially, FUD about our lil fiend.

Cointelegraph, The Block, U.Today, all talking about 49.5k or similar. Bear market incoming. Many plebs will be shaken. I resent the media.

They serve their purpose of shaking out weak hands and pressuring leveraged longs. They also keep people informed about potential dangers. For example, if you only listened this the folks in this thread, you’d have been called crazy for selling at $70K. It’s good to have different perspectives so you can evaluate for yourself what the likely outcome will be.

Oh gawd..

you crazy fuck.;.. just because the price ended up dropping does not remove you from such status. Tongue

Quote from: OutOfMemory on August 06, 2024, 07:58:10 PM

After all, and after slowly working myself out of depression and anxiety over the course of a decade, i had emerged to Me, v2.0. The person that i experience as myself, until today.
All i know is that i never want and need a LSD trip again, ever. It has taught me the lesson of my life.

I admit that I am not much of an experimenter with any kinds of psychedelics or mind altering drugs.. and yeah a bit whimpy like Biodom in that direction (at least so far in my life), yet I still wonder how you (OOM) can determine that you are not due for another trip, since maybe you were helped by one of your last trips.. but since we are never really completely the same person with the passage of time, how can you completely conclude that you are not going to be due for another trip to help you with some matters that were not part of you in the trip that you are considering to have had been your final one?

Quote from: OgNasty on August 06, 2024, 08:04:56 PM

Quote from: Ambatman on August 06, 2024, 08:00:44 PM

Quote from: OgNasty on August 06, 2024, 07:52:53 PM

For example, if you only listened this the folks in this thread, you’d have been called crazy for selling at $70K. It’s good to have different perspectives so you can evaluate for yourself what the likely outcome will be.

Yeah I guess you right a different perspective is always welcomed but not when you planning on holding for a long term.
Like in Years.

That’s when you should appreciate them the most. Lower prices are what everyone should want unless you’re in a position where you need to sell some. I underestimated how fast Bitcoin would go from the teens to the thousands. Maybe if there was more media FUD in Bitcoin back then (hard to believe honestly) I would’ve had more time to stack at lower prices.

You tend to have a habit of suggesting that trading is better than pure accumulating through DCA, lump sum, buy on dip and HODL... so your resentment over earlier price drops should not justify any position for any newbie or otherwise to believe that he reasonably can (or should) sell BTC in order to accumulate more BTC. The best of practices for accumulating BTC are the various buying ones as I mentioned above not selling or fucking around with trading if you might be suggesting that trading is a reasonably good accumulating strategy, especially when it comes to bitcoin... Yeah traders might get lucky sometimes, and sure there are traders who have learned various techniques in regards to how to trade profitably, but your mere assertion that you got lucky to sell some portion of your BTC at $67k and presumptively buy back more in the low $50ks does not even come close to substantiating that trading is a good idea for an overwhelming majority of normies.. That's ridiculous, and surely misleading, so hopefully no one is following your wannabe know it all guidances on the topic, especially when it comes to sound BTC accumulation strategies.

Quote from: Ambatman on August 06, 2024, 08:39:25 PM

Quote from: OgNasty on August 06, 2024, 08:04:56 PM

Quote from: Ambatman on August 06, 2024, 08:00:44 PM

That’s when you should appreciate them the most. Lower prices are what everyone should want unless you’re in a position where you need to sell some. I underestimated how fast Bitcoin would go from the teens to the thousands. Maybe if there was more media FUD in Bitcoin back then (hard to believe honestly) I would’ve had more time to stack at lower prices.

Unfortunately it's not for budding investor
I don't appreciate the FUD then because it cost me alot since I was easily influenced by my lack of knowledge and weak will.
But now though I hate seeing Bitcoin fall
I can't deny I enjoy opportunities in been able to buy at a discount

And in regards to stacking more at lower price, There are individuals that still wouldn't buy Bitcoin if it falls to $20K
They would be waiting for lower.
You been able to stack boils down to your experience, knowledge, and belief in the system.
Which many newbies lack.

Look OgNasty!!!

Even relative newbie Ambatman seems to know better than your baloney proposition to sell BTC in order to accumulate it, even though he seems to be wrongly giving you credit for actually knowing something merely because you seemed to potentially have guessed correctly in regards to one of your supposed recent trades to sell high and to buy back lower.

Quote from: fillippone on August 06, 2024, 08:40:29 PM

Bitcoin is not a hedge!
I love this guy.

It seems to me that there is nothing wrong with attempting to be prudent and treating BTC as a hedge in relation to our various traditional systems, even though surely many of us already recognize and appreciate what bitcoin is in terms of its relation to traditional systems.... so yeah we might have quite a bit of bitcoin, but we have not completely abandoned traditional systems in terms of needing to attempt to lead some aspects of somewhat normal lives, to the extent living normal lives might even be possible.

Quote from: BobLawblaw on Today at 05:23:05 AM

We are so back!

I am not going to proclaim that we are back necessarily, but there is a pretty BIG difference between bouncing back 5% and bouncing back 15% so far (from $49,600-ish to $57,307 so far), so yeah, it may well be too early to celebrate that we are out of the worst part, but it still comes off as a decent bounce that at least temporarily offers a bit of reprieve over the seemingly relentless DOWNity that was going on mostly on Saturday and Sunday-ish. Personally, I never feel that great during those kinds of seemingly outrageous and seemingly relentless BTC price corrections.