Today is the mindrust day. One year ago, on that evil day, mindrust panic sold all his 10
BTC stash for $4000 - the average price he has bought his stash. He had twice that sum in fiat, but instead of buying at these incredibly cheap prices, he decided to buy USD, monero and other shitcoins. His ghost is reportedly still appearing from time to timel on bitcointalk topics, arguing that his decision was right. To him and others fallen comrades by the poison of Peter Schiff's kinda FUD, a minute of silence.
No Way! was that a year ago already?
Been having so much fun with the price action recently, time seems to be flying by.
Man that guy couldnt have timed it much worse. Did it ever go lower since he sold?
Anyway, I will remember him fondly.
Ivomm is a wee bit wrong.. because I am pretty sure that mindrust sold his 10 BTC at around $4,500, and yeah the BTC price got down to $3,850 on that same day.. so he did not sell at the absolute bottom..
If you look at the BTC price charts as well from that week or two, there ended up being a pretty significant bounce off of $3,850 that brought Bitcoin prices into the $5ks for a day or two, and then when the BTC price dropped back below $4,500-ish many of us were urging mindrust to buy back some if NOT all of his coins, but he said that he was considerably convinced that the BTC price would be going much lower - including that he was giving quite a bit of credit to Masterluc at the time which Masterluc was calling for BTC to go in to the mid to lower $2ks, if not even sub $2k - even though mindrust was likely NOT going to buy any BTC before we get to some of those lower BTC price levels.. so he was quite disinclined to recoupe any of his losses in the lower $4ks or even mid $4ks that BTC reached on that second time, even though I believe about a week or two later he did end up buying back one bitcoin for perhaps around $6k or maybe slightly lower than that... which he deemed to be a sufficient BTC stash in terms of his being protected in regards to either BTC price direction (UPpity or DOWNity) - yet we know what happened and surely did not seem to be enough protection for UPpity from the perspective of a vast many of us.
Are we in one of pseudo-stable periods for btc?
I think that a synonym would be "stalled"
It is possible, but honestly, I don't get the hesitation at 58K, it's a number of no clear significance.
Maybe it harks back to the 53K number, which is a $1 tril market cap.
Obviously, we are over that one, but not by much.
None of them mean shit.
My first quoted statement is a question with a pseudo- prefix, that's clear to anyone with a bit of reading comprehension.
So what? You still said it because you have a dumb-ass and illogical framework in the way that you be thinking about dee corns.
Second statement is a description of current (then) action and my surprise about the numbers.
Still I stand by my statement that you are getting too caught up in numerology and even torque has seemed to have moved away from that approach....even though my mentioning of his name might cause him to come out fighting, too.
The rest is a product of your active imagination and unnecessary projection.
Just witnessing some of your surprise and amazement at bullish BTC prices, even though you do seem to be coming around to accepting that the stock-to-flow is largely playing out.. even though you seem somewhat hesitant about it - which I am not really criticizing the hesitancy, probably more the weirdness of your seeming psychological battling and even perhaps ongoing considerations that we might be at a local top.... you keep saying it and sooner or later you are going to end up being right in terms of having those ongoing hesitancies.
For a guy who suppose to have buying/selling all figured out (on Excel), you seem to be overly sensitive to market minutia and people's opinions about it.
That's true.. I do like to question when people are reading bear signs into what seems to be pretty damned obvious ongoing bullish behaviors.. and as you may have forgotten, my system continues to attempt to create ongoing plays that cause me to have NOT hardly any shits in my feelings regarding if the price goes down or up.. even while I see the ongoing pressures keep pushing the price UPpity... oh it sucks so much for me to have my holdings going up with such great substantive amounts of paper profits while I have sales that amount to quite low percentages of the profits - not even going into the principle.. even though technically my quantity of BTC goes down as the price goes up.. but that is all already built into a plan.. and sure sucks that the plan is playing out even way more bullish than I had considered as likely (even though I understood it as a possibility - that's why I created my system).
You are not on 10X margin, are you? That would be sad.
You should know better than that.. have you learned one fucking thing from my posts over the years that you claimed to have been reading?
I frequently say that you do not need to invest very much into bitcoin in order to become rich as fuck as long as you concentrate on accumulation.., which is largely buying.. which comes in three ways: 1) lump sum buying, 2) DCA buying and 3) buying on dips. Sure, once you reached your accumulation goals then you can become more flexible.. but I do not fuck around with margin because it is not needed, and I have already reached surplus richie status... seems like I said that too, about a zillion times..
(well maybe not quite a zillion, but quite a few times).