Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7956. (Read 26634101 times)

The difference is, I can afford to take that loss.

I can't afford to lose %50 of my net-worth.

I am OK with risking my %10.

Yes it is still gambling but not as gambling as risking %50+  or all-in gambling

I think the thing is its still relatively rare to the point where it hasn't affected many regular YouTubers. There are a few out there that I found quickly but they come in the form of news reports:

https://www.youtube.com/watch?v=iFLSG-7K3Tc
https://www.youtube.com/watch?v=hoTpRQtfnII
https://www.youtube.com/watch?v=TAafDOqfN3M
https://www.youtube.com/watch?v=vcb38Pbmmpw

Its definitely a newsworthy story so I'm not surprised that news stations everywhere are jumping at the chance to work patients ready to be video recorded into their reports.

Here's one from a patient in India (one of only 43 at the time) -- directly from his channel:

https://www.youtube.com/watch?v=pGqpoz56bS8

--------




you freakin die on me jojo I will personally drive down south and kick your ass    we will get thru this bro    #stronghands

That is actually a fair strategy, and if employed and conceptualized all by itself, then that signifies that you have already locked in and given up on the losses that you have already locked in...  which seems really weird, but I suppose that even you know that you are doing it.. while at the same time you are still torn about whether you are really locked into such losses.. go figure?



Sure, of course, you can decide for yourself what works for you and what is a reasonable way to consider the matter.  If you sell and then buy back lower, you can consider the matter in terms of making profits, and of course, your average cost per BTC for the ones that you sold is likely all over the place, and a little bit difficult to calculate, but you still, likely, probably have come up with some figures in regards to your cost per BTC.




I have my doubt that you are done with gambling because you seemed to have had been so fucking head deep into gambling in the way that you were thinking about your position and even the way that you have been thinking about your position in terms of getting out of it, so it remains somewhat weird for you to just assert that you are stopping gambling... when your mindset seems to be still foggy with a kind of gambling...

I surely don't want to become too presumptuous, here, because there are always going to be certain aspects of both your thinking and your situation that I have no real way of knowing, and therefore, you know more than any of us about certain aspects of yourself... including your risk tolerance and even some of your cashflow considerations and abilities to earn more cash and things like that (even if you have disclosed some of those details to us with the passage of time a decent number of posts in regards to these various topics).

In any event, no matter what, in life, we have to employ some gambling, so part of the question just remains regarding how much, and not that we can really completely say no to some level of gambling in order to actually be prudent and wise, we need a certain amount of gambling (even small amounts are going to make us more practical and prudent because a lot of things in life are based upon probability theories and not absolute, but we still have to make decisions based on what kinds of outcomes are more probable and attempt to assign fair values to those.. rather than either pie in the sky values or absolute values).

So even DCA investing into BTC does involve some gambling, including the gamble that in the long run BTC prices are going up.. and/or there will be a time in which you can cash out at a profit or at least a lesser loss of value if the whole investment goes south.

I can be sweet. Lady like if I must.

mindrust


I truly feel for you..seriously. That being said..I was under the impression that we set a higher standard at the Wall. Obviously we need to review some of our bootcamp protocols here at the Wall if a member such as you had hes nuts crushed so easily.
Man the fuck up and buy the dips...cant put it any clearer than that. What would you be doing with a pile of filthy fiat differently that a bitcoin or two? Thats the real question here..


---------
Good morning WO's

As you can see by the shape of the cloud..... Ummm...wait a sec..thats not right...  Please stand by..we seem to be experiencing some technical difficulties with our monitor.
D

#strongcleanhands'20

moar morbid than usual...watching the final chapter of personal liberty play out in real time will do that to you

hodl, even if I am hacking up blood I am not selling at these prices

No "undeserving heirs" here, if I get it bad enough to die I fear my primary partner, who has some asthma, will be long gone.  The paper wallets and property trust would go to other ladies I love very much.

Thanks.

In the mind we trust,
only to see it so rust,
so terribly wasted. #haiku

Later.

Well I think It very well can go down as it can also go up, a lot.

I am not as sure as you guys that this is going to moon soon or again follow the last big rise (200 to 20k)

It is not even about btc itself.

There is too much happening at the moment and we may find ourselves in the middle of a world war soon.

Risk management is the only thing I care about and for me bitcoin is a risky asset. It is experimental tech. We all know that don't lie to yourself. I know it solves a real world problem, I know it is a great tech but it is also risky. No way I can flash %50 of my networth right after I took a big hit. Nope that's not happening.

I know that's not how you get rich but my original plan was  never about that too. My original investment plan was reaching half a million usd. (that's more than enough for me to retire.) The more I spent on btc I also raised that cap to a million. Because, why not? More is better right. wtf. That was a bad sign and I also ignored it.

Greed & gambling. These don't work well on me. I am not strong enough. Worked well for most of you in the past and that's great.

There are differing opinions about the extent to which some kinds of money has rippling effects in the economy.

Of course, giving money to regular people has amongst the greatest of rippling effects, but because of theories of moral hazard, there remains a decent amount of reluctance to get involved too much in mass distributions of money (even though on a temporary basis it might be good).

I personally don't buy the trickle down effect theories that would just say to throw money at anything, and including that sometimes when the banks were getting money, especially in 2008, they were not even giving out loans, but instead covering their own earlier bullshit bets or distributing to their CEOs...

So, of course, there is still going to be some trickle down and rippling effects when money is given to rich people, but surely there are going to be some kinds of distributions that have more rippling effects than others, and sometimes if there is strings attached to the money, then a certain amount of rippling effects can be forced by such strings if they were to be created... of course, if strings are too restrictive, then there can be problems with that, too.

I'm no conspiracy theorist, I tend to want to see evidence before I even consider anything a possibility, but I tend to be open to see the evidence and make a decision for myself.

I believe there is a Corona virus out there. I believe people are getting sick from it. I believe people have died from it.

My question:
With all of the people that record video of every boring part of their day (planting flowers, eating dinner, walking the dog, etc.), why are there no videos of people in their hospital beds dealing with this virus?
A quick search of Youtube shows that there are several media videos of people talking about how they are sick, but no "Joe blow" sitting in his hospital bed talking about how much it sucks on his Youtube channel.

And on Facebook I see plenty of people talking about how "my friend's dad died from it" or "my friend is a doctor and he's overwhelmed", etc.

But where are the videos? If you know of any, please let me know to ease my confusion. This should be a common thing on Youtube.

Regarding "all in"-maybe it worked if someone did it in 2013-2016, certainly did not work (so far) if you did it in December of 2017.
I think that everyone should have 6mo (all family expenses) in readily available funds (that you don't need to sell under duress).
After that-lump sum or DCA-not much difference if you hold REALLY long time.

Right now stock market is going silly on the upside (in some cases justified). I don't buy just as I did not sell before. Too much noise.

Learn to accept the fact you cannot always trust yourself. That is a brutal thing to deal with if you have had rote memory your entire life and then its not dependable. Alot of people turn mean at this point and refuse to admit when they are wrong and I have certainly been guilty of that myself, especially when you forget that you forget.

@mindrust bro think about year 2022, 2025, 2030 and so on..... #Nohomo 

https://twitter.com/ChartsBtc/status/1242838441202614272

Thank God! See? There is still life in you.

Well some would tell me that going 95% all-in (been that way since Sept 2013) that I'm overinvested, I'm crazy, I'm a fool, and so on. I saw a 40% drop in my net worth soon after I went "all in". I've also seen many peaks and valleys since then. Am I taking a big risk? Well sure. But risk little, gain little.

But then again had I not gone "all in" back then, I never would have been able to buy a house outright not too long ago, and still have enough left over to basically retire for life. I still do some work on the side to keep the mind active.

As you can see with the recent stock market action, divestiture into other investments doesn't guarantee squat.

That's exactly what I'm saying.
Buy back what you where comfortable with, before you recently over invested.
Now.
Like a big boy.

We'll try to help you forget about the recent events and the position to used to have (lets say 8, now 5).
You can DCA 50 bucks a week after that.
You will thank us later.

Bitcoin is not gambling. It is a very sure formula. The supply is known and limited. The demand is ever-growing. The price can only go up over time. This I saw in december 2013.

Further, enough time has passed for an apparent multi-year pattern to be established. It is the year of the halvening. Following each halvening, the following year the price has exploded. If you would be rich, buy everything you can now, and keep buying for the rest of the year, as much as you can.

I would buy 10 coins for $10k tbh. That would be perfect. 

JJG, he wouldn't buy back, even if it went to $1k.