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If someone accumulated a wad of fiat cash, their 'f-k you status' might not last long, me thinks.
If most or significant % of your f-y funds are in bitcoin, then you would have a better chance, but reasonable people might disagree on these points.
I am relying on my significant other for spending of the already available cash (mostly in the form of the money flow) as I can't do any significant non-house related projects before I decide to stop working.
One idea would be to significantly increase my mining outlays upon retirement, but i would need to find or finance cheaper power first.
For some reason solar setups are still very expensive in price by kwh at residences around here.
Both NE (New Hampshire, maybe) and Pacific NW (Wash state) look attractive post retirement as far as mining is concerned.
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a pretty shitty weekly close...completely manipulated in the last 5 min.
alas, screw them all....
in a long run, wgaf.
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It’s a hell of a lot easier to have “fuck you” money when your 60 than when your 40..
You only need like 25 years worth of “fuck you” money if your 60, if you are 40 then you need 45 years worth of “fuck you” money..
Wrong way to think about it. The goal is not to have a USD bank account that you drain and reaches 0 when you die. The goal is to have enough assets to generate sufficient yearly income indefinitely. That is independent of age. It depends if you are talking about true income or income generated by withdrawals. For the latter, see https://www.investopedia.com/terms/s/safe-withdrawal-rate-swr-method.aspMy preference is to have true income: salary (later SSec and pension), rents, mining, etc. I prefer not to touch my assets. The plan is to distribute those to the extended family and charity causes. |
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I read or at least peruse almost all posts (with a few exceptions) and dgaf about someone's batting average. Mine sucks anyway  |
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Well, it's nothing compared with roosters.
Those beasts make the Sun rise.
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Bitcoin would likely be for more affluent enjoying the "reality" in their enclaves/citadels, and the majority would live using doge, shib, mana (or name some other s-coin example) in the virtual worlds (apart from the time spent on dreadful "work" in Amazon warehouses, Walmart, etc.)
Bitcoin is quite usable for casual commerce at $1m/coin with L2 like Lightning. But that will start to have trouble at $100m/coin. But Bitcoin can adapt. I foresee a (soft/hard) fork for sub-sat values coming in the near future. In "real" world, yes, my point was that VR worlds usage might be in other tokens, as they are 'native' for particular worlds, as MANA is for Decentraland. It is a 'currency' of that particular world. I think that large % of commerce might at some point occur in the VR "worlds", but i could be wrong about that, of course. |
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Sup...when will this consolidation end?
What do you guys think...maybe this one will be a super-cycle?
If so, it might slowly go up in 2021-Q1 2022 to a local peak at 100-130K, then "slighly" dip (maybe to 50 from 100 or to 60 from 130K)...and then starts going in 2023-2025, finally reaching millions?
Apart from bitcoin-weird things are happening -maybe you noticed (insane dog memes, virtual land coin going crazy after Meta announcement, etc, etc).
My take: the reality might look shitty for some people in the future, who would then spent inordinate amounts of time in VR.
Basically, something similar to a Ready Player One world.
I hope that we might be more 'real", but I am afraid that the path is to the digital "opium" for the majority of the populace.
Bitcoin would likely be for more affluent enjoying the "reality" in their enclaves/citadels, and the majority would live using doge, shib, mana (or name some other s-coin example) in the virtual worlds (apart from the time spent on dreadful "work" in Amazon warehouses, Walmart, etc.)
I am afraid that "they" are going for the setup like this:
bitcoin-very high price, mostly for the wealthy ($1 mil-$10mil/coin).
doge seems to "want' to go to $1 (replaces $ for poorer folks)
shib seems to 'want" to go to 1c (replaces change).
therefore, you may pay for a big mac with doge+shib and pay for a new yacht with btc (or maybe borrow against your btc and then pay).
TL;DR We are probably replacing the whole fin system, but btc will NOT be the only transactional cryptocurrency. Sorry to mention some coins-just to make a point.
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I'm calling it  if we currently have 2 dog meme coins with about $60 bil sum market capitalization, surely an AZZ (or BTM?) coin depicting nice bottom like this could be worth, say, $10-20 bil. Just make it with 1 SEXtillion tokens....almost a business prop idea, lol |
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I SOLD....something else, haha.
House renovation, shmanovation.
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CB-no hat trick for ya.
Why such a slow night at WO?
Spending your cashola and being "fat" and happy? lol
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For most true Bitcoin OGs, an 80% draw down from some future ATH means they are still rich and will likely stay all in btc, essentially forever (BYOB). They won't really care anymore about future bear markets. Well said. Very well said…. Though I would less enjoy it …. Way less …. I decided to consider only the 200wk value as my 'current account value' for various considerations such as taking loans, etc. I don't really plan to sell much or even anything at almost any price point. Well, if it comes to 1.5mil in a year or two (if we are in the super-cycle), sure, I would sell a couple of coins to do something silly, lakes or whatnot. |
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I doubt that either you and/or Torque are saying much of anything in regards to your criticisms of the stock-to-flow model, cAPSLOCK. Sure, the model might break to the downside or it might break to the upside or the model might not break, at all.. So fucking what?
Well, let me put my PlanB zealot hat on discussing this. I disagree when you say the model is not going to break. I cannot see a state of the world where this model is not breaking. This model is either going to break on the downside, with the model price being too above the real world. Essentially meaning that bitcoin has failed to appreciate as the best SoV the human kind has ever considered using, beating the only other SoV that retained such a function for the last few millennia: gold. The other possibility is that the model breaks on the upside: people start factoring future halving and start front-running the model, until it breaks. Now, if it is bitcoin breaking on the upside or US dollar breaking on the downside it will be difficult to assess. But this is the scenario. I really cannot see bitcoin being considered a reliable SoV and people not frontrunning halving appreciation cycles, meaning the model hold true for more than a few halving. This is not my original thinking, but a well known position of PlanB. See my thread, OP Q&A4: Stock-to-Flow Model: Modeling Bitcoin's Value with ScarcityEven at current predicted values at some point S2F, if applied as is, breaks the [current] world, this is clear. planB even commented on this..we are OK at btc=gold or even btc=real estate, but not after that (after ~200 tril). I am not sure what the model is predicting, though-one possibility is that it simply breaks, but another, more exciting possibility, is that it predicts roughly 10x-100X jump in the world GDP, possibly caused by the widespread AI use, virtual/augmented reality markets, asteroid mining, blah blah. OT: what a poor/one way show of MU vs LFC  |
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We are in between 1972 (4.4%) and 1973 (8.8%) as far as inflation is concerned. By 1980 yearly inflation was 14%. https://www.investopedia.com/articles/economics/09/1970s-great-inflation.aspI always thought that we are repeating the 70ies this decade. BTW, if it more or less repeats, we would be at 15-20% short term bond yields by about 2028-2029. Stocks would be devastated, not sure about bitcoin. If bitcoin price stabilizes by then, bonds might become more attractive. Currently, I plan to switch some money to bonds at that time (2028-2029) if I still care about anything. Alternatively, we can hyperbitconize, which would be just fine. |
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Why he even cares? I cannot think of any possible pure motif. ??  I blame the autocorrect..ha ha. |
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Why he even cares? I cannot think of any possible pure motif. |
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no freckles redhead?
...close to impossible
If you are looking for a true rarity, this would be redheads with blue eyes-only 0.17% of the population (two recessive traits).
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Why suddenly old (and odd) looking political figures (mostly)?
There is no limit on how many of the opposite sex and political affiliation morons are there either.
Let's NOT go there.
I rather celebrate bitcoin's success.
No choo-choos, and just one puny choppa?
Well, there was also a rocket or two...OK.
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Hmm I am out of town so no btc access. Could not sell any at 66k+
Wont be able to sell any until 26 hours from now.
no worries still looking good.
well, ask yourself...why many miners are not selling (yet)? ...sometimes waiting on a sell is a winning move, all things considered. |
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OK. In the "Holy-Shit Department", I did the accounting on my node, and for the sake of argument, am profitable ~+$2k USD as of right now.
This is a viable alternative to mining for me, but the headache is much worse with channel management/balancing, than managing a hardware farm.
Anyway, figured some of you might appreciate that anecdote.
Sure, we do. Well, apart from paying a huge entry tax (not sure if it is still in effect, though), Texas sun+solar+current machines= MUCH more profitability (currently) with less work, usually. Need hearing protectors, though, when around those beasts. But....mining was always VERY risky before because of unclear future pricing. However, 2019-2021 were surprisingly profitable due to the chip shortage, which caused hash rate not to climb so fast vs price. |
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Before anti-vaxxers complain about the vaccine, those complications was a result of multiple myeloma, a blood cancer which wrecked his immune system and he was 84.
He didn't die FROM COVID19. He died WITH COVID19. Subtle, but important difference. 😬He was "fully vaccinated" and had the china virus when he died.. "Vaccines" are a joke.. didn't Bob made a new thread for WO regulars favorite virus-related topics? oh, yeah, he did, but i don't have a link handy. |
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