Q: what do you do when bitcoin loses over 30% of its value in a week, after getting roundly pummelled for months previously?
A: you buy more of that shit!!!
Now i’m well aware that bitcoin could go to zip, or it could languish around the above price for months, or who knows what else? I sure as hell can’t be sure, but what i think is most likely is that Honey Badger is gonna’ do what Honey Badger has always done...
If you wanna’ see what that looks like across several charts and a well reasoned post, then I would suggest looking at @matthewwarn’s post from a couple days ago. This one ⤵️
https://steemit.com/btc/@matthewwarn/bitcoin-s-swings-in-perspective
So what did i do? I BTFDMOFOS!!! I sold off 30.5 oz Ag, and these beauties...
...and i bought more btc at around $4,400. Then, i went and loaded up on cheap alts — Steem included!!
Bitcoin has come back a bit...
And ALL of the alts i bought into (‘cept 1 small “cowboy” trade) are in the green today relative to btc. BOOM-SHOCKA-LOCKA!!!
Hell, i’ve even made some money on a few Steem i bought sub-40 cents 🤑🤑🤑 Now i fully expect another round of repetitive-kicks-to-the-nutz at some point or other, but maybe not for a little while. It is true that bitcoin (et al.) is a new technology, and a new way of conceiving of value, but it is also true that that shit is almost impossibly RARE! If it is the case that btc is going to do what i am confident it will, then 4,400 or 4,600, or even 3,875 or, fak! $2,500 bucks!!! Then it hardly matters in the long run, and these LOW prices are a gift. And, if it drops further then i will find some more fiat-money some how some way, and dive even further in!!!
Now, of course i’m offering no financial advice here, but i am offering some reasons to think about value and volatility. Which brings me around to Steem. It is 42 cents right now. If you believe in this platform then now might be an opportune time to buy. At the very least you will be gainin clout and supporting this miraculous blockchain, and at the most, you may make a fuck-ton of profits off of it as well. Indeed stranger things have happened...
Like when Ray turned this⤵️
Into this ⤵️
Which brings me around to the MR3
I think we have 40 prizes or something like that, and Precious has a big ol’ bag of Steem now — so things are looking great for #steemsilvergold
Fucking Rocking People!!!
I am @thedamus, and i am in ballz deep!
📈📈📈📈📈📈📈📈📈📈📈📈📈
BOOM-SHOCKA-LOCKA!!!
Way to go, @thedamus!!!!⚡️⚡️💃✨🕺⚡️⚡️
Goodtimes saver!
You will now be known as @theluckyone or @ogcrypto or @asskicker or @badassmofo. You pick
Lofl!!! Wait till my balls get turned into tapenade next month... 😳😜🎢😩🤬😭😤
Bah ha ha!
Thank you for your continued support of SteemSilverGold
Kick ass bro! I want to do the same thing here, if I can. Unfortunately most of my stack sank in a boating accident, very recently... If anyone asks. Mind you... My crypto never existed, I guess!
What they don't know...makes you richer!!!😎👊
Well buddy, I hope for at least not too much poorer! Lol. When the dust settles... Well, I think I'll be OK. But, Lawyers ain't cheap either.
Keep it tight fat-e! Things are looking good
😁👍👍
Balllzzzz Deep bro. Either a genius or s goat. Only time will tell. Good luck, wish I had the balls to do it.
Once you get a big taste of the upside you will see... but ffs! Could it be any slower!!!? 😁🤣
Its a great time to buy steem
That makes my extra 250 EUR into bitcoin look really small.
Step by step bro!!!
It is all about taking advantage of the downturn. I just bought gold, silver, bitcoin, and a few altcoins! I am forever the optimist!
God speed mofo!!!
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I would hate to see how much you sell off if BTC reached $2500. Haha! Sounds like you are setting yourself up to make some big bucks when the price shoots through the roof.
It’s deffo a gamble, but there’ll be time enough for counting, when the dealing’s done...
Balls deep, it can get scary but the upside is fk&*n huge!
Yup! 🦄🦄🦄 to da 🌔
Defended (100.00%)
Summoned by @thedamus
Sneaky Ninja supports @youarehope and @tarc with a percentage of all bids.
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woosh
Thanks ninja!
I've been saying where to be for the coming Wealth Transfer...
As Crazy as it sounds... Start thinking U.S. Pocket Change...
@pocketchange just some advice to you, I am impressed with your theory, not so certain that you will every witness it but impressed anyways, I am however trying to figure out if your comments are spam, all of your comments seem to be about your theory and very few of them have anything to do with the post. I am afraid that this is or will start bringing you into the spammer category. Take it for what you will, your theory may be right, but maybe you could start a uscoinage tag
@thedamus had a question that I answered in my comment... Here is his question...
Q: what do you do when bitcoin loses over 30% of its value in a week, after getting roundly pummelled for months previously?
Yes... We both had different answers... Forgive me if I think mine is the right answer...
Thats not a answer, thats an opinion. Right? It was a post about crypto and silver and you found a way to bring in your theory into it making it again about you. Its just some advice, you do what want.
If it wasn't for my Lucky Neighbor Award, my words would never have made it on this Post...
Why would you edit your comment after I responded to it?
I always come up with a better way of writing it, sorry...
It went from "I think mine is the right answer" to "Forgive me if I think mine is the right answer"... Plus I was unaware that you responded to it...
Have a Happy Thanks Giving...
Oh yeah, and another thing, while i’m at it.
Your valuations are all off for your PC theory and 100x isn’t enough.
Because even if i went totally mental and bought $10,000 worth of p-change, that’d only make me a millionaire for taking an enormous risk just at the time when hundreds of trillions of dollars were getting smoked! The whole idea of “Wealth Transfer” is that these hundreds of trillions of dollars get freed from their high concentration points. According to your theory, a few coin collectors and some kids’ piggy banks would do pretty well, but the MAJOR owner of pocket change is the banks. When/if there is a reset, it is against these institutions that thePeople will fight. And they will fight with honest value, not some kind of bs with their alloy nickels and dimes...
I hope my opinion assists you as much as you wish your own opinion becomes correct.
Thanks... I needed that... I really didn't want to make a big deal out of a simple "Lucky Neighbor Award"... lol... Go ahead and buy Bit-Coin... Who knows... Perhaps they will Survive after the Activation of U.S. Crypto-Dollars and Cents... Oh wow... There I go again... Sorry...
Yo PC, no one is bashing you. But to echo Ray, his advice is just something you don’t want to hear. Your PC theory is interesting, and you are obviously very passionate about it. But it is THE ONLY THING you post about, ever! And then you bitch and moan a little bit about being a minnow and getting shitty upvotes...
Maybe we are on the cusp of a huge wealth transfer, and maybe US pocketchange will be the medium of this transfer, and maybe, just maybe, you are the most brilliant, forward thinking and creative economist out there — or maybe not.
Do whatever the hell you want bro... but promoting your own unique theory over and over and over again ad nauseum does indeed start to feel like spam.
Don’t you do or invest in anything else?
I take it, my posts disturb you when I say you'll be able to Buy Silver for 15 U.S. Crypto-Cents per ounce or Buy Gold for 15 U.S. Crypto-Dollars per ounce...???
By the way... As you may or may not know, I've been into Gold and Silver, longer than you're been alive... I've listen to and read every possible thing I could find about Gold and Silver...
I've been there and done that... What I write about comes straight from my heart...
I go out and invest in fun, by shooting pool many times a week with many of my buddies... I set myself free many years ago because of very wise investments... I travel, I paint, I build wealth in my Garden... I invent...
I've spoken "one on one" with Hundreds of Hollywood Stars... I've been to Wrap Parties, like you wouldn't believe... At Present, my biggest investment is in people like you...
Great question, by the way...
This post has received a 52.56 % upvote from @boomerang.
lol that's just the market
always movin
when it does
we should too
get off our comp
theres more to life
it'll always bounce back
hodl till you double or tripple better yet till you could buy a lambo :D
I think as long as its movin
no matter how lil the movement is
it only means it aint dead yet
thats good enough imho
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