Replying to Avatar no₿ody™ 🧱

When people bitch and moan about bitcoin price stuff, i think less of them

Why even do that?

If anything, be happy when it goes up and happy when it goes down too

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Brisket 11mo ago

Because if you're hyper concerned about short term price movements it either means:

- you don't really understand Bitcoin; or

- you're playing with leverage or shitcoins

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no₿ody™ 🧱 11mo ago

Or just shortsighted and hold lots of corn

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no₿ody™ 🧱 11mo ago

On second thought, i think you reduced the options fully

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Brisket 11mo ago

I'd argue that in that case they probably don't understand Bitcoin's incentives as well as they think they do.

Now if they had a pressing need to exercise some stored optionality, they might be concerned about short term price movements. For example a medical emergency or emergency repairs.

To be clear, I'm not passing judgement. I recently put a small 60x leveraged long on at $91,400 & I've been watching how it's shifted my attention & thinking. I also have bills I've delayed paying that are fast approaching being exceedingly overdue.