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the probability of that happening was very low

What made you think right around an ATH that the probability of NgD was very low? Who influenced you that way?

Find that root cause, and you can defend against it in the future.

NgD is always in my mind. That’s why I pay on my debts!

Why I’m never liquidated.

I was hoping NgU would would work in my favor last July

So!

Time to roll the dice again!

If Bitcoin goes to zero or $1M I will be fine either way. So why not have fun!

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Look... you wanna casino, you gonna casino, I don't care what you do with your money.

What is interesting though is what the lesson learned is, so that others can avoid making the same mistake.

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Why I made the post!

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Right! So what made you think at 118K that the probability of NgD was small? Because that is about as far away from what was realized as possible.

So what I'm saying is that there was a (massive) gap between expectation and reality. What caused that? Was it the euphoria on social media or podcasts? Was it something someone in particular said in their TA? What caused the discrepancy?

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I never thought it was small.

I had realistic expectations that it can and will go down. That is why I prepaid the loan.

I did this Strike loan to try out a common the fiat strategy of borrowing against your assets.

I did this because I wanted to to have more corn and pay off debts that I have.

If it was a pure NgU play I never would have paid down the loan!

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I think I get it now. You thought that the probability of getting liquidated was low because you'd just pay in, but you simply had no care for the outcome, despite dreams of the price going up.

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Key word: Dreams

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