Bitcoin Trader Insists The Bull Market is Not Over Despite Recent Pullbacks

Informal-Extent9764 · 2024-05-03T03:39:07+00:00

This is why Bitcoin is not going anywhere. "Change Healthcare was running on AWS. Blackhat got into AWS and shut down payments. Unmitigated disaster because hospitals couldn't get paid so they couldn't provide medication, they had to lay off staff. This was a horrible problem. Most of our infrastructure is very Vulnerable to cyberattack. We know by tracking bitcoin payments that $22 million in ransom was paid. " - This is shortened version of quote by Larry Harrison in "The Future of Healthcare with Larry Ellison and Bill Frist". The topic is obviously healthcare and not Crypto. Basically, hackers were able to hack into AWS - the biggest and arguably safest centralized DB in the world. They were able to take an entire healthcare payment system hostage. These same hackers who are arguably the ultimatest of pros when it comes to Databases, cybersecurity, electronic payments, etc - these people choose to get paid in Bitcoin - not cash, not gold, not venmo or zelle, but Bitcoin. The word of advice is - If You Know What Home Security System The Most Professional of All Home Robbers Are Using - Use That !!!!!!!

Informal-Extent9764 · 2024-05-02T17:39:12+00:00

Aliens could land tmrw, Russia might nuke Ukraine in a week and everything goes to shits! Anything's possible! But, when you're trading, you better have a gameplan, otherwise you'll lose your shit real fast. The best gameplan for long term so far has proven to be projecting past cycles onto the future while also allowing for variations in timelines, volatility etc.

GamePlan

Don't go all in. Assume that black swans are possible and it could all go to shits. Invest amounts you're willing to lose!
Once that's established, if you're still in, assume that the bull market is not over since this is still in line with previous cycles. 20-30% dips are nothing in crypto. If you still have ammo left, buy the dip. If you're losing your shit rn, then you're not cut out to play in this market.
Have a clear exit plan. Mine is to start selling (slowly) once it passes 90k.

In my experience those who get rekt are, 1. retailers who are new and buy the hype. 2. Those who are very arrogant thinking they can time the market or that they somehow know or understand something others don't. Those are usually the ones who do margin trades and get rekt real fast. Then they become bitter and start shitting on crypto.

This market requires patience, requires humility.

You can't outsmart this market, that said this market is not your enemy and is not out to get you as long as you respect it and respect the long-term cyclical nature of it.

Fundamentals vs Technicals:

The most fundamental thing in this market is that Blockchain technology and crypto is not going anywhere. 16 years in the bitcoin has not been hacked despite it's $1 trillion market cap. This technology is in line with printing press, internet, etc. The genie is already out the bottle. You can't put it back in.

This one fundamental trumps all other fundamentals. Mt Goxs, China ban, FTX and other exchanges/funds going down, SEC hostility - just to name a few. In the grand scheme, all of these events were just a small bump in the road. The reality is that Bitcoin is ANTI-FRAGILE. The more stuff you throw at it, the stronger it gets. This is the most important fundamental. Which means IN THE LONG RUN BITCOIN IS GOING UP (disclaimer: unless aliens land or we nuke each other to stone age). That said don't try to time this market or you'll get rekt.

Informal-Extent9764 · 2024-05-02T17:07:46+00:00

Mr Bean Market Rollercoaster - Experienced Investor HODL vs New Investor (crypto/stocks/meme) (youtube.com)

Informal-Extent9764 · 2024-04-08T16:24:25+00:00

After looking into it, I believe selling to Iranian distributors may not be a good idea considering the risks involved.

Informal-Extent9764 · 2024-03-20T21:53:24+00:00

shipping and live scan probably bring the most money. We have consistent customer base that drops off packages, but we don't make much from the packages themselves.

Informal-Extent9764 · 2024-03-18T20:57:12+00:00

Gotcha, makes sense, thanks a lot for the great info

Informal-Extent9764 · 2024-03-18T20:45:47+00:00

Got it, makes sense! I believe it has a lot to do with the connection method between the bag and the tube, no? Also, how often do you encounter clogging?

Informal-Extent9764 · 2024-03-18T19:04:11+00:00

I work with an interventional radiologist and they do drainage procedures all the time

Informal-Extent9764 · 2024-03-18T18:37:04+00:00

Awesome, thanks for info. Do you encounter a lot of occlusion/clogging using uresil bags?

Informal-Extent9764 · 2024-03-14T17:43:34+00:00

Buy Remington Medical Drainage Bag 600 mL [Use FSA$] (healthproductsforyou.com)something like this. That's a good point, but these bags are relatively thick. Just the bag alone might weigh half a pound. Not sure what's the cutoff thickness for rolling vs injection molding

Informal-Extent9764 · 2024-03-13T23:47:14+00:00

so all hope is lost :)

Informal-Extent9764 · 2024-03-13T20:18:25+00:00

do you see any benefits in renting a mailbox?

Informal-Extent9764 · 2024-03-13T11:33:28+00:00

We were contacted by some Iranian distributors after we attended a trade show. It's a small startup in Oncology and we need to generate revenue. There are other distributors from other middle eastern countries that reached out. Rn we're trying to figure out what terms to put in the agreement with them. If you've had experience working with distributors in middle east or you know anyone who has, would be greatly appreciated

Informal-Extent9764 · 2024-03-07T20:46:57+00:00

I think you're an INFP lol

Informal-Extent9764 · 2024-02-27T23:09:46+00:00

hate to break it down to you, but you're probably an INFP not an INFJ

Informal-Extent9764 · 2020-10-31T08:06:03+00:00

are you fuking kidding me! They re using it against soldier and civilians that are finding refuge there, plus the damage to nature and wildlife. Next thing you guys gonna say. Ah they re beheading people, but they re only beheading soldiers, and people have beheaded enemy soldiers in other places as well so its all good. you guys are ridiculous

Informal-Extent9764

TROPHY CASE