☮ Social ☮ PD Social Talk Thread: If 2020 Was the Dumpster, Can 2021 Be the Fire?

[Img_9999]

Then you should let us know when you buy into BTC again, to countertrade you and sell my stash.
Haha just kidding of course. I think this is probably a normal retrace, BTC just reached ATH, I would assume mining stocks would behave similarly as interest in both is correlated for obvious reasons. But the general crypto market is still so bullish, I would wager it will keep going up for a while. I would bet you are safe.

But yeah, day trading is for the brave only. I managed to get a decent sized stash by just holding what was left of every crypto transaction I've done in 5 years of collecting internet drugs LOL. This past years shit's been behaving crazily, so I made a decent sized gain. Not a buy real state sized gain, but a fancy month-long vacation sized gain. So pretty cool in my book. I'm thinking of holding through this bull marker but looking into selling later on and re-investing that money and some of my other savings into something like a small piece of land or whatever.

It's just so hard figuring out where the top is . In theory I could just hold forever and hope that it only goes up and up, but I don't wanna make the same 2017 mistake of never selling and then watching the thing devaluate further and further for three years.

 

[Xorkoth]

It's just so hard figuring out where the top is . In theory I could just hold forever and hope that it only goes up and up, but I don't wanna make the same 2017 mistake of never selling and then watching the thing devaluate further and further for three years.

Yeah, but then it shot up way higher than the 2017 peak, so maybe your "hold forever" idea is still better.

I sold, and it has gone down more since then. I just got nervous, as I stuck $2k in there and lost 200 already when I sold. I'm *pretty* sure it'll go up more before it goes down for a long time but I thought about how the stock shot up like 60% over the past 2 days and then thought about it retracing down there and decided to cut my losses.

On the upside my weed stocks shot up today so far at least as much as I lost this morning, though they'll probably lose some of that by market close today.

But yeah I'm awful at timing the market, seems like every time I try to time it (rather than just buying something to hold because I believe in it), I buy in right near the top. Even if it looks like it will definitely keep going up, somehow it's the top. It's a conspiracy

 

[cosmic charlie]

Such an idiot I showed upto the clinic and it was closed and I couldn't get my Methadone so now I have to buy some Fentanyl and roll the dice ye again. Gonna start off slow but im already in full on withdrawal dude is supposed to see me soon I gotta just be patient. Im so fucking sick of Opioids you have no idea this whole lifestyle is a massive inconvenience and I've been at this for twenty years now, pure insanity.

 

[Xorkoth]

I sure do know about the opiate life... it's such a drag to be so enslaved to a substance. And scary, too. I'm glad I got out of it, even though I have been struggling on and off again this past year or so.

I really admire and respect you SC, because even though you've had 20 years of intense opiate addiction, you still manage to be full of life and excitement and love for others. Just wanted to say that, it's really commendable. So many people let it turn them into criminals who prey on others, or let it beat them down to where they hate themselves and life. I let it beat me down after 10 years even, to where I hated myself and my life.

 

[psy997]

Yeah, but then it shot up way higher than the 2017 peak, so maybe your "hold forever" idea is still better.

I sold, and it has gone down more since then. I just got nervous, as I stuck $2k in there and lost 200 already when I sold. I'm *pretty* sure it'll go up more before it goes down for a long time but I thought about how the stock shot up like 60% over the past 2 days and then thought about it retracing down there and decided to cut my losses.

On the upside my weed stocks shot up today so far at least as much as I lost this morning, though they'll probably lose some of that by market close today.

But yeah I'm awful at timing the market, seems like every time I try to time it (rather than just buying something to hold because I believe in it), I buy in right near the top. Even if it looks like it will definitely keep going up, somehow it's the top. It's a conspiracy

BTC is the long term, safe play. Not the day trade to 10x your investment in a week, play. Just invest and wait it out. If you can't handle watching your investment decrease in value before increasing, then investments in general are not the right move for you.

No matter how much an investment goes down, you don't lose money unless you sell. Everything is pointing to BTC continuing to raise. Stop overthinking it so much. Just get in, and let it sit.

My sources are saying we look ready to move up again by about $6k, but if it doesn't do that, we'll consolidate and potentially dip to $43k before making that move.

Either way, markets go up and down, and BTC is one of the most volatile investments you can make. You have to be willing to hold.

 

[Deleted member 521610]

i dont even check btc price too often i just put it away since im holding for years.

 

[Cream Gravy?]

I let it beat me down after 10 years even, to where I hated myself and my life.

You had good reason to be miserable those ten years man, I doubt it was purely opioids that led to you having a tough decade. The addiction was a manifestation of other issues in your life so far as I could tell That said, I agree wholeheartedly with you that most people can't go through addiction and come out chipper and full of life... and that truly is a wonderful character trait to have, to be able to see the silver lining so to speak.

 

[xammy]

I sure do know about the opiate life... it's such a drag to be so enslaved to a substance. And scary, too. I'm glad I got out of it, even though I have been struggling on and off again this past year or so.

I really admire and respect you Charlie, because even though you've had 20 years of intense opiate addiction, you still manage to be full of life and excitement and love for others. Just wanted to say that, it's really commendable. So many people let it turn them into criminals who prey on others, or let it beat them down to where they hate themselves and life. I let it beat me down after 10 years even, to where I hated myself and my life.

Yeah, it's weird how SC is so lovely. I don't know many opiate addicts, but I cut ties with one as soon as he became "junkie-like". I don't know where the line goes. But I dislike addicts, even though I'm one?

I have this really weird connection with drugs and drug users, since my parents died because of drugs. I'm trying to not end up like them.

I think that psychosis 4 years ago was a gift, since I was going to that route - and this house I'm living in - in the best area in the city etc. was becoming a drug house - I never wanted that, and won't allow it - since it's my grandparents house. I'd rather die.

 

[cosmic charlie]

I sure do know about the opiate life... it's such a drag to be so enslaved to a substance. And scary, too. I'm glad I got out of it, even though I have been struggling on and off again this past year or so.

I really admire and respect you SC, because even though you've had 20 years of intense opiate addiction, you still manage to be full of life and excitement and love for others. Just wanted to say that, it's really commendable. So many people let it turn them into criminals who prey on others, or let it beat them down to where they hate themselves and life. I let it beat me down after 10 years even, to where I hated myself and my life.

Please edit this post Xorky

~Shadow Cat

 

[cosmic charlie]

Yeah, it's weird how Shadow Cat is so lovely. I don't know many opiate addicts, but I cut ties with one as soon as he became "junkie-like". I don't know where the line goes. But I dislike addicts, even though I'm one?

I have this really weird connection with drugs and drug users, since my parents died because of drugs. I'm trying to not end up like them.

I think that psychosis 4 years ago was a gift, since I was going to that route - and this house I'm living in - in the best area in the city etc. was becoming a drug house - I never wanted that, and won't allow it - since it's my grandparents house. I'd rather die.

Please edit this as well, i know you guys are still getting use to the handle changing again.

~Shadow Cat

 

[cosmic charlie]

Love song for my sweet angel with the purple hair she got it done up again for me. She is the most beautiful woman in our Universe and im not exaggerating the slightest I wish I could show you all a picture. Im such a very lucky man my friends for having such a sexy goddess to explore every last inch of her flesh with her tongue and fingers. Im gonna make her cum repeatedly and thirst for moar ♡



Im already on the Methadone program I just messed up and missed the cut off to get my dose today. I got 15 bags from my dude called Rainbow and its so good guys like straight fire the euphoria is divine it's a Fentanyl/Diamorphine mix as i can taste the Heroin in the drip I just did a couple more bags with my dinner. Im high as a kite right now fam, i roll up a dollar and sniff it straight from the bags im not gonna IV anymore I keep falling out after I shoot up Dope these days...

 

[Pfafffed]

Just make sure you never use alone, SC! That way you've got someone to call for help and give naloxone if you need it

 

[Xorkoth]

BTC is the long term, safe play. Not the day trade to 10x your investment in a week, play. Just invest and wait it out. If you can't handle watching your investment decrease in value before increasing, then investments in general are not the right move for you.

No matter how much an investment goes down, you don't lose money unless you sell. Everything is pointing to BTC continuing to raise. Stop overthinking it so much. Just get in, and let it sit.

My sources are saying we look ready to move up again by about $6k, but if it doesn't do that, we'll consolidate and potentially dip to $43k before making that move.

Either way, markets go up and down, and BTC is one of the most volatile investments you can make. You have to be willing to hold.

Yeah I guess I just still don't really believe fully in BTC, it's too volatile to be a currency or a store of value, right now, IMO. I think a lot of it is hype. I feel more confidence in stock ETFs for long-term, stable but substantial gains, followed by cannabis industry stocks. These things are backed by real companies and products and services.

Reason I got scared on my RIOT (the BTC mining stock) is that I put $2k in, half of which was on margin, which means I was borrowing it. Meaning my gains and losses would be doubled on my actual money. It was a bold (read: stupid) move, but I wasn't willing to risk it once I saw it going down too much. And if it dipped too much I would have a margin call which means I'd need to fund more money from my bank to meet it, or else they would automatically liquidate my entire portfolio to pay it.
Ultimately buying on margin was dumb for such a volatile stock. It reiterates my belief that day trading is not my game, I'm looking for long term holds.

I will put some percentage of my portfolio into BTC as you're probably right that it will eventually go up way to $250k or so, since supply is finite. But very few investors go all in or even a large percentage into bitcoin and I don't think I will either. I'd rather be 80% in ETFs... some higher-risk ETFs I am buying positions have an average yearly return of 54% for the past 10 years, with little risk... if the market crashes, it is a bad year but there are still gains. The past 365 days with one of my ETFs has shown a 169% increase. Lower-key ETFs average 15-20% return per year. So let's say average 25% per year across them all to be conservative. In 10 years, you have nearly 10xed your money, with little risk. And then the other 20% you put into single stocks which is riskier but has the potential for huge gains, especially if you invest in emerging industries (like cannabis). When full legalization happens I could 10x my cannabis investments, or more, in a year, then cash out and put that in ETFs. ETFs and mutual funds gain steadily, forever, and it's not putting all your eggs in one basket like bitcoin, or individual stocks. Bitcoin, I'm pretty sure, will balloon upward again, but $44k right now to maybe $60k this year... 50% gain. Then let's say it gets to $250k, which it may, or may not. Bitcoin may ultimately end up losing support, and if it does, then if you're heavily invested in it, your investment ended up going nowhere.

So much of crypto is hype. The underlying investment is a nothing product, it is only worth anything because people think it is. Whereas investing in companies and markets is investing in goods and services and businesses. I would be wary of putting all your eggs in the crypto basket, or letting yourself get too caught up in the hype. People talk about it being a store of value, which it is, and about it becoming a reserve currency, which I doubt. it's too volatile to be a reserve currency. Unless it can get to where the price doesn't wildly swing and crash every few years, it will just be an investment based on hype. And the chances of it becoming a widely used currency are slim, IMO. I mean technically it is decentralized, but massive corporations and governments own the means to mine it (run the network) so it isn't really. And it can only process like 5 transactions per second, and transactions cost quite a bit of money to execute. Last time I sent BTC to pay for drugs, I had to pay almost $10 to send $330 and it took over an hour. You're never going to use bitcoin at the store. And since every sale and purchase changes the price, it really isn't suitable for currency. These are the reasons why I think a lot of it is hype to generate FOMO. Some whales are manipulating the crypto markets heavily and raking in money from small investors. Every time it spikes there are legions of people shouting Bitcoin!! from the rooftops, oh my god Bitcoin is going to moon, it's the answer, you're missing out. I'm really wary of that.

 

[Xorkoth]

Just make sure you never use alone, SC! That way you've got someone to call for help and give naloxone if you need it

Yes, please please my brother. I know you've had a number of close calls relatively recently where it was a good thing you weren't alone. it would be SO easy to be alone and suddenly you're gone. It happened to our mutual friend Love Lite and it was so traumatic for all of us who loved her. We found her a day after she died, face down on the floor, with a pool of blood from where she broke her nose falling. No chance to say goodbye, just BAM, she didn't exist anymore. PLEASE be careful...

 

[Xorkoth]

Please edit this post Xorky

~Shadow Cat

My bad man, edited (also edited another post and the quote in your post). So used to thinking of you as that name I called you, gotta remember you're a shadowy feline.

 

[xammy]

where I can watch that hamilton morris show?

 

[xammy]

Called one of my best friends who I havent talked to in like 4 years. You know when you have that kind of friend that it feels like no time has passed at all?

 

[cosmic charlie]

where I can watch that hamilton morris show?

You can see them all on YouTube just type Hamiltons Pharmacopeia

 

[Xorkoth]

Called one of my best friends who I havent talked to in like 4 years. You know when you have that kind of friend that it feels like no time has passed at all?

I have a couple of friends like that. We're 37 now so time goes faster and people are more involved with their lives, and we live far apart from each other. I just caught up with one of my best friends from college, I visited him 4 years ago for a week. Haven't talked since. They've had a kid since then and moved across the country and I didn't even know. But we talked for hours, it was great.

 

[Vastness]

Alright y'all. Got an interesting delivery today, a gram of some anonymous white powder from I think at least 5 months ago, somehow lost in the postal system and just recently re-emerged... source has since disappeared so no way to find out what it actually was and really can't recall what I was expecting but obviously gave up on way back then... I think it's almost certainly either a dissociative or a stimulant... at the most mundane maybe just bog standard amphetamine, but also quite possibly O-PCE, 3-x-PCx, NEP or HEXEN... still on a tolerance break right now but, gonna be a fun and potentially weird time figuring out what this is when I get back to this stuff.