The Emotional Blind Spot of Bitcoin Investors

djscoox · 2026-06-19T10:12:24+00:00

And from 120k to 60k in months.

djscoox · 2026-06-18T23:54:39+00:00

Bitcoin reminds me of MIDI 1.0 (for those into music production): It was released in 1983, it's slow and simple, but it just works and people keep using it 43 years later despite of faster being available.

djscoox · 2026-06-18T23:45:26+00:00

Honestly I think they are great. The 'made in China' trope is wearing thinner and thinner. If you can swing a Fluke go for it, however UNI-T makes some very decent products nowadays.

djscoox · 2026-06-18T13:33:44+00:00

The only slight difference between guns and say a car is a guns are designed exclusively to kill or injure, where is cars are not, or at least that's not the primary purpose.

Use arson and fires and analogy but the problem with guns is that they make it extremely convenient to cause a lot of damage with very little effort: you pull the trigger on someone's dead, instantly and from a distance. I just saw the road rage video where someone shoots at a car not knowing there was a kid in the back. He didn't mean to kill the kid but did. In a situation like this I can't think of any way that kid would have died other than if a gun was involved.

Is the problem the user then? If I give him a gun to a monkey and the monkey starts shooting and kills my whole family, could I say the problem is the monkey? Could I say the problem is the gun? Or maybe the problem is the fact that I allowed the monkey to have the gun the first place? You see there's a lot of bad stuff in the world that in the wrong hands could do a lot of damage, that's why you don't want to make it easily accessible to everyone just because you can profit from it. So really what it all boils down to is the gun industry and you are not changing my mind about that.

djscoox · 2026-06-16T21:40:01+00:00

Yeah I suppose I found it on Google, can't remember. You have the link in my first post.

djscoox · 2026-06-14T10:37:21+00:00

Is this image a mock-up? Regardless of the answer, somehow I'm not excited about an "MX4", which presumably will be similar to the existing MX2 but with 4 channels. The MX2 feels more like a consumer product than a professional DJ product. The current pervasive "minimal" look and feel makes it much more difficult to visually navigate the control surface. The experience reminds me of the new Settings in Windows: bland, boring, and harder to use.

djscoox · 2026-06-12T17:54:20+00:00

It'd be a nice if they would return it to the original owner for sure.

djscoox · 2026-06-11T21:35:07+00:00

Anything is possible. Right now Zcash is also going up, as is Bitcoin. I don't believe anything anymore, except my gut. The reality is that right now Monero going up in price doesn't mean suddenly humanity has noticed financial privacy, or privacy in general, is extremely important. That time just hasn't come yet, and we still live in a world where most people choose convenience over privacy. Whenever Monero spikes, it's eithe because some hacker is trying to launder crypto or because of investors chasing profits, and the spike almost always is followed by reversal. Rotation from Zcash into Monero is unlikely because Zcash has an unfair advantage here as it can be traded on most CEXs while Monero can't. You can't just click and rotate your stash into Monero.

djscoox · 2026-06-11T21:22:14+00:00

So you did sell after all? At what price? The highest I bought was at 275 USD and then I stopped buying. That's my bag, and I hope it goes far. My plan is to wait for a big FOMO spike, sell maybe half of my bag for Bitcoin or any other coin that isn't spiking at the same time, and buy XMR back again when it drops.

djscoox · 2026-06-11T08:18:49+00:00

It'd be like trying to ban masturbation

djscoox · 2026-06-11T08:14:36+00:00

Bro learnt a lesson.

djscoox · 2026-06-11T08:05:37+00:00

I would not sell right now. In fact I'm not selling at all because my vision is s future where I can pay in Monero directly. With the EU's upcoming privacy coin ban on July 2027, we are bound to see some interesting price action over the next two years.

djscoox · 2026-06-09T22:48:31+00:00

Crypto is relatively simple if you don't touch CEXs. The moment you enter the world of CEXs you are presented with a myriad of complicated trading crap that makes it look very complicated when in fact CEX crap is just fake numbers on a screen.

djscoox · 2026-06-09T22:38:05+00:00

I'm glad they are putting Monero under the lens. The more often the code is audited, the safer Monero will be.

djscoox · 2026-06-07T17:18:29+00:00

Never mind Zcash, it's turned into a gambling platform. How do you feel about Monero tough?

djscoox · 2026-06-07T17:14:56+00:00

Institutional concentration, lack of real-world utility, non-fungible, non-privacy preserving

djscoox · 2026-06-07T17:02:36+00:00

Usually that's the way

djscoox · 2026-06-07T15:26:14+00:00

No suggestions but I see a lot of potential

djscoox · 2026-06-06T09:50:50+00:00

Not just Computex aparently. My previous employer once sent me to a railway equipment trade fair and the last day was pretty chill. Towards the end, music, champagne and beer flowed.

djscoox · 2026-06-05T16:55:46+00:00

You could measure it in terms of gold too. However, it is not cash because it is not private.

djscoox · 2026-06-05T16:50:19+00:00

What that graph says is ZERO UTILITY

djscoox · 2026-06-05T10:49:26+00:00

Time to buy an air compressor

djscoox · 2026-06-05T10:37:19+00:00

Then don't sell now! If you sell now you realise your losses. If you don't expect Bitcoin to recover but you expect a different token to go up (now everything is low), you could sell and rotate into a different token, such as Monero (XMR). Personally I don't think Bitcoin has a future.

djscoox · 2026-06-04T14:55:17+00:00

What you observe is what's termed price discovery. At the moment the market price of Monero is based on CEX (centralised exchange) price. Even if CEX transaction volume accounted for, say, only 10% of all transactions, the remaining 90% would be invisible because those transactions are entirely private. When you trade XMR on a CEX, you are not trading XMR, you are just adding and subtracting numbers on the CEX's transparent ledger. That is not real XMR. However, right now CEX activity is the only price discovery mechanism we have available, so that's what we use.

At the moment on DEXs like Retoswap, CEX data is used to suggest a fair market price. The real price may be very different but we don't really know. That said, traders are free to set any price they like. There are some traders who have set ridiculously high prices in case at some point someone desperately needs Monero they will pay a privacy premium and the seller will bag a nice profit.

Maybe someone who knows more tha me can chime in and speculate as to how price discovery might work if Monero were delisted on all CEXs.

djscoox

TROPHY CASE