Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8026. (Read 26714974 times)

Maybe somewhere in between.  Not all in, but not wimpy 50/wk DCA.  Perhaps model a decaying exponential to determine purchases, which would bias contributions in the near future and then tail them off.

As much as I respect you for your openness to share the particulars of your Bitcoin activity and recent selling of your coins, I must say that I disagree 100% with your two statements above.

Bitcoin is NOT gambling. And you CAN be almost certain about many things about it. Reading your recent comments, I think you are approaching it in the wrong way...

Many WOs will strongly disagree with me, but my suggestion to you is to GO ALL-IN NOW, buy all that you can afford NOW and WAIT IT OUT. Stop watching the price (difficult, I know). Come back to it in 2-3 years from now and enjoy the near-order-of-magnitude profits.

$50 a week is not going to cut it I'm afraid.

There. I said it.

Edit: PS: If I had followed my own advice above, and had gone all-in when I first entered the Bitcoin space in 2015, I would now be FUCK YOU FILTHY RICH. It's painful to even think about it. Don't allow yourself to feel that pain in 2-3 years' time.

Yes, totally.

The virus jumped from slaughtered wildlife to humans at a wetmarket in Wuhan.
The Chinese would go a long ways toward stopping "this kind of thing" by coming down like a ton of bricks on the wildlife market.
According to the New York Times,
https://www.nytimes.com/2020/02/27/science/coronavirus-pangolin-wildlife-ban-china.html
The coronavirus epidemic prompted China to permanently ban trade of wild animals as food, but not for medicinal use.
Oops!  Evelybody know shalk fin and pangorin good fo you!
There goes the Chinese ban on the wildlife trade.
And Africans need to stop eating apes.

Not me. But several famous people of my country have already died from it. You can't fake famous people deaths. Well, you can, but...

That we still don't directly know of a relative dying from it is coherent with current low numbers of deaths. Give it time.

yeah these are rookie numbers
get back to me in a month

My uncle Prince of Wales is infected

The only videos out there are the ones sanctioned by the media.

Also, please point me to the World Joint Investigative Task Force put together by all the major nations affected by the coronavirus, whose mandate is to:  a) investigate the source of the virus, b) find out *exactly* where it originated from and how/why, and c) put in protective measures to make sure that this kind of thing NEVER EVER happens to the world again. Because considering the health threat and the world economic damage, such an investigative task force would make total sense, right?

Bbut...no? You can't find such a thing being discussed in the media? That's odd.  Bueller?

Bolsonaro left the chat...

that moment when drug cartels are more effective than your "legitimate" government

Brazil gangs impose strict curfews to slow coronavirus spread

https://www.theguardian.com/world/2020/mar/25/brazil-rio-gangs-coronavirus

Looking to YouTube videos for proof that the world is real...  now that's a cognitive malfunction.

Last one, promise:

https://www.youtube.com/watch?v=wjwQOf_K4wQ

People most affected by it aren't quite the Youtube demographic and sure as shit I wouldn't be youtubing if I was coughing my lungs out.

https://www.youtube.com/watch?v=jY5xfF4JK-8

Cue Twilight Zone theme music.

Elwar use Google
https://www.youtube.com/watch?v=NLGX2L9JLa8
https://edition.cnn.com/videos/tv/2020/03/20/exp-tsr-todd-what-its-like-to-get-coronavirus-patients-speak.cnn
https://www.theguardian.com/world/video/2020/mar/06/british-man-who-caught-covid-19-in-wuhan-says-he-was-unable-to-breathe-video

https://www.independent.co.uk/life-style/gadgets-and-tech/news/coronavirus-youtube-video-demonetise-covid-19-a9381706.html

https://twitter.com/SkyNews/status/1241839570251132928?s=20

Basically yes not many news crews or selfies in the wards yet

You broke the golden rule of gambling (and high-risk investing) - never gamble with more than you can afford to lose. You need to be able to take emotions out of your decisions otherwise you'll crash and burn eventually. I am sorry you had to learn this the hard way. I'm sure you won't do the same mistake again.

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

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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.