Some folks refer to that as "shotgun KYC," and surely such practices could be referred to in a variety of ways, including maybe creeping KYC - and maybe it is not even the companies purposefully engaging in such potentially higher level of requirements as they go.. and they might well start to realize that they could get in trouble, or they might even get some contacts by agencies that might be interested in their KYC practices.

Thanks.. I am thinking that I am going to continue to try to average 200 per day, even if some days might be higher or lower, and so if my average is mostly staying around 200, then I will do my sets slow, fast, slow, fast and keep alternating, but if for some reason I fall behind and I have to make up pushups to get back to the 200 per day average, then my tentative plan is that I will do fast sets until I get back to the 200 per day average, and then revert back to alternating between slow, fast, slow.. etc.


Thanks.. and gosh now that I see it again.. Whoops!!!   We all can make mistakes. .I see that I made a mistake and I should have had written 5/14 and not 5/15.. but that's likely still o.k.. no BIG deal..

Hopefully, I will end up putting the correct date in my next report.. ..    I have been tending to post an attempt at a "proper report" every few days.. and that level of frequency (and perhaps flexibility) seems to be working for me.


Also, the abbreviation makes sense the way you wrote it, since if we attempt to expand upon the abbreviation as you DirtyKeyboard have put it in the table, then we can see that it could be expanded more fully as: "the average number of pushups per pusher per day."


Hahahahahaha

Fair observation.  Perhaps some of this is part of a personality flaw.. .that can sometimes work in regards to advantages..


With an activity like this, there can come a certain amount of value with keeping track, and/or writing it down and perhaps part of the value of the report is that it could end up channeling some of us into attempting to keep track in order that we can attempt to better figure out the extent that we might be making progress, even during times in which we might not be sure about whether we are making progress or not.

i know that I have had several days in which I feel so stagnant, and stuck at a plateau with my own quantity of pushups and even the way that I am doing the, but then at the same time, if I keep paying attention to the matter, I will recognize that I am still making improvements, and part of those improvements come from keeping on doing the pushups on a pretty regular basis.. because I believe that if I take a lot of time off, then I will have to build back up to the place where I have gotten to right now..

and  also, with my own aging situation, there likely is a certain level of maintenance that is going on rather than improvement, so in that sense, maybe there can also be some value in terms of recognizing that the maintenance might be contributing to lessening the levels of deterioration that tends to come from a sedentary kind of activity while in the process of aging...

Yeah, we are all aging, yet some folks are going to be more in their years where it is easier to build muscle.. so that surely is likely to make differences, and there are a decent amount of folks who get into their elder years, and it becomes more and more difficult for them to exert themselves, and the process  of getting out of shape can likely creep up upon some of us without even realizing how long we might have allowed ourselves to be more sedentary than may well be in our own better interests.

I personally like 8 hours, and I doubt that it is really hurting anything to have 3 feebuddy posts per day as opposed to your proposed 2 posts per day... also it is a dynamic area, so sometimes that extra post per day could provide some useful information that might alert someone into looking further into the question of what is going on with the mempool and/or fees.. so I have already noticed that sometimes if I see that feebuddy changed a lot in a recent period of time, then it may well trigger me to go look at mempool space or jochen-hoenicke.

You make several decent points Barikui1, but you need to be careful to not overstate things, and sure you are close to being correct about 16 years, but not quite, so sometimes it is better to state things to the downside or round them off rather than inflate them...

1) surely bitcoin has a pre-history of 30-40 years.. but bitcoin itself was not formally announced until October 31, 2008 - which I measure to be 15.5 years ago,

2) the network went live on January 3, 2009, which was 15.25 years ago,

3) there were not really any examples of bitcoin having any market price until around early to mid-2010 which would be 14 years ago.

4) If we are considering price versus the growth of various developments and businesses being built upon bitcoin, personally, I don't really like to get too caught up in those earliest days of bitcoin's price movements, largely because the amounts were starting so small, but also there was such a nicheness (smallness) in the ways in which anyone might get exposure to bitcoin, so it becomes quite difficult to start measuring it's price from periods prior to early 2012 - and at the same time, I understand that your proclamation that "bitcoin has come a long way" is not completely focusing upon bitcoin's price movements, since for sure, some of the non-price developments and increased adoption, spreading awareness and maybe even the building several of bitcoin's network effects (in the school of thought of Trace Mayer) were still very important happenings prior to 2012 - ... yet in terms of fairness regarding developments and price being somewhat reasonable and fair, I don't tend to like to go back prior to 2012.. so in that sense, we could arguable proclaim that bitcoin's price starting point was in the ballpark of the beginning of 2012 at $5.. and even then, we can still proclaim that "bitcoin, you have come a long way baby," even if we are measuring from early 2012.  For sure, you don't need to accept my own framework, yet my main reason for highlighting this point is to suggest whatever framework you choose to present, you try to error on the side of conservatism rather than numbers that are inaccurate on the upside - otherwise you might be accused of inflating and/or misleading in terms of your representations.


Oh gawd.. If we are thinking about spot price, we know that bitcoin could double in a matter of a few days or a week, and that it could 10x to 100x or even potentially 1,000x to 10,000x in a matter of 20 years, even though the 1,000x to 10,000x might might be  on the higher ends, the 10,000x scenarios are not unrealistic in the 50-200 timeline range.


That is true.  We can speculate in either direction, and this forum seems to tolerate quite a large range of speculation, so long as we are mostly attempting to stay upon topic within our chosen thread, and in the Wall Observer (WO) thread, there is even more latitude than other threads in terms of deviating from the topics, though the active participants in that thread will still get worked up about attempts to shill shitcoins within that thread.


We can see that is some folks (Barikui1 in this case) make exaggerated claims, such as something in the ballpark of BTC having a price history of 16 years, then others (liasbaa in his case) repeat those same kinds of inaccurate data points.. and so then we may well end up having several forum members repeating the same inaccurate data points... so likely it would be much better not to create such inaccurate data points in the first place.

I had not seen that flag, and I was not following that thread.. .. but yeah, that may well be a good thread to follow, since some forum members are doing a decent amount of work to identify potentially problematic accounts in regards to their either being AI accounts or seeming to be highly reliant on AI to generate their post contents, which even some of the identification of such accounts (posts) might sometimes be difficult or ambiguous, since probably even normal (regular) people might start to generate some (or more) of their contents through some use of AI..

It is not easy to keep up the quantity of pushups per day.. There is a need to build up to the quantities, and for me there surely has been some pain involved in regularly carrying out larger quantities of pushups on a daily basis.. 

I have reached my 100 days, so I wanted to make sure that I was right on 20k pushups for the end of this round number day.

By the way, today, I had two of my slowest pushup sets ever.  

The first slow set for today was this morning with 33 pushups in 55 seconds 1.67 seconds per pushup.. . but yeah, ONLY 33 of them (not 40)..

The second one was my last set of the day, which was 35 in 63 seconds 1.8 seconds per pushup, and truly my longest time doing a pushup set ever (at least in recent times).. my prior length of time record (at least during this pushup season on April 30) was 57 seconds and 69 pushups (which was ONLY 0.826 seconds per pushup).

Still all of this little progress seems to starting to get me into the 1.5 to 2 second range for my pushups on a more frequent basis, even though it still could take me a while to get to 40 pushups in 2 seconds per pushup kind of a rate.. but I am seeming to be making progress.

100k,JayJuanGee,100,20000,2024-05-15

I stick by my earlier claims and criticisms of your earlier post - even though you made some interesting points that don't really apply to this here cat.. even though surely I don't claim to be a trader... even though I do regularly employ limited orders in both directions on various exchanges and pretty rarely market orders but I know how to do them and over the years, sometimes I had executed them accidentally.


Oh?

And for some reason I thought it was about sound money and self-sovereignty.

Maybe we are just using different words to say similar things?

Perhaps?

Perhaps?


I might have to employ an el duderino protest.. since I thought that I would have had won on 5/14 since I said down and it seems that the price went down.. but for some reason the opposite happened with my bet and I lost more than 300 points, even though I had only bet 100... Go figure?

The game is broken, or I got my facts wrong.

Even though we are not betting anymore and you got all these systems in place... I am betting anyhow... even though I got screwed out of my last bet.. the betting game sucks.. .  .. hahahahahahaha

WOGame,JayJuanGee,updown,up,100,2024-05-15

There is no need to diversify for the sake of diversification.   Surely after one starts to build his wealth there might be some needs for diversification, but in the beginning of investing, and even the first few years there might not be enough to diversify, so it will depend on how much he has and if he has built a decent sized investment portfolio when diversification starts to make more sense.

And since you mentioned, digital assets, there is no need to diversify into shitcoins, so careful when you go down that path of thinking.

Yes... work with the hypothetical., and if you don't like the idea of getting $50k, then maybe change the numbers in order to make it more realistic, but there are sometimes that people do end up coming across some cash in a way that was not expected, and maybe it would not be that amount, but it could be some other amount that maybe you could figure out if there might be some kind of a way that you would include bitcoin  in your plans for the money or would you just spend it all on hookers, lambos and blow?

I doubt your working to elaborate on these points to justify or explain further is really helpful, instead of just going out there and working harder.. but whatever, you do you. .If you think that it is helpful to repeat these ideas then that's your choice.. I doubt it is helpful. but what do I know?


You can do whatever you like, but if you are irritating other members, then that might be based on your approach, so there likely is a decent amount of value in giving other forum members time to get to know you.. and there are a variety of ways to do such things including that some ways are likely going to be more effective than others.


Well if you read posts of members who have a lot of merits, you might get some ideas, yet at the same time, you need to develop your own style, and surely there can be a mixture of asking questions and providing answers, or personal experiences and/or input that others might find helpful... The longer that you are around, then the more likely other members get to know you, but still it can take quite a bit of time, and so it is true that sometimes newbies or relative newbies might not receive merits for some of their good posts.. yet both Igebotz and I suggested that it may well not be a good idea to try to rush the process, yet again, hey you can do what you like.


No problem, as long as you are not making errors on purpose, which might be read and/or considered as trolling - or some members might get turned off if they feel like you are merely asking questions that you should be able to easily answer.. I cannot really describe all situations, so sure you can try to figure out some ways in which you are both contributing and asking questions, so that you do not appear to be being lazy in terms of your own contribution to the ideas that might end up framing your questions.


Do you feel restricted in some kind of a way?  Forum members might give their opinions, but those opinions may or may not reflect actual forum policies.

I think that the general idea is that DCA is a certain amount of your discretionary income, and the more aggressive that you are with it, then the more likely that it is going to vary every month (even if you are buying weekly) because if you are trying to invest close to 100% of your discretionary income into bitcoin, then there is likely going to be some variance in the amounts.

The lower the percentage of the DCA amount within your discretionary income, then the more likely that you can establish it as a fixed amount, so then the rest of your discretionary income will still give you various other kinds of flexibilities in terms of either goods/services that you would like to buy or if you might be just holding some of the remaining part of that discretionary income in terms of having a higher float or building more reserves - that also might have some assigned purposes.

From my understanding DCA does not have to have any kind of exact fixed amount, even though it is based on some level of regularity in regards to when your income comes in and you consider parts of it to be discretionary to be able to invest into bitcoin. 

I think that a lot of people like to consider DCA as a fixed dollar amount, and there is nothing wrong with that, especially since there can be a lot of conveniences in terms fo having a fixed dollar amount, whether weekly or some other period of time... set it and forget it kinds of ideas... though I also do not like automated DCA, even though sometimes automated could be way more convenient for people so they do not have to remember to do it, and they may well be busy at certain periods and forget to do their DCA manually.


I don't have any problem with the idea that some folks earn very low amounts, such as $100 per month or maybe even lower, yet I have some difficulties imagining scenarios in which persons at those same levels would be ready, willing and able to invest 80% or whatever into bitcoin.. That hardly makes any sense absent some further explanation, as I suggested some explanations in which a person could have some ways of getting food through farming or services or otherwise having various expenses paid for in terms of lodging - but at the same time, even if some folks might have some really strange circumstances, those do not make very good examples, unless we explain the circumstances, and another thing that I already mentioned several times is that a lot of people (whether poor or not) have really difficult times even investing and/or saving 10% or more of their income, so when we are coming up with examples that are presuming sustainable abilities to invest even greater than 30%, then I am going to question those circumstances, including questioning if they are either sustainable, long term or maybe just trying to play the wave by gambling and using money that you cannot afford to set aside for 4-10 years or longer, which are the kinds of longer term strategies that we are aiming to discuss in a thread like this... . .


Even those kinds of numbers of being able to have 40% discretionary income come off as a bit unrealistic in terms of typical situations that people find themselves in, and you might even be using the term emergency fund wrong, since you seem to be referring to having an extra amount of money as a kind of float in the month to cover unexpected other expenses that might come up.  An emergency fund is generally something that is built up and would likely be a minimum of 3 months, and it should hardly ever be touched since the guy should have other funds that are available so that he never has to touch his emergency fund absent an actual emergency.. and so the size and the maintenance of the emergency fund becomes ever more important with any kind of volatile investment such as bitcoin, since we likely should be investing into bitcoin for the long term of 4-10 years or longer, so we don't want to be getting ourselves into any kind of situation in which we have to touch any of our bitcoin during that period for any reason, except our complete own choosing.. and based on various aspects of our investment thesis playing out or BTC levels accumulating to sufficiently high levels that we are moving away from accumulation and into other kinds of stages (practices).

Presumptively, unless someone specifies which kind of dollars that they are using, we are going to presume that they are talking about USD US dollars, if they are referring to dollars.. so I doubt that saying dollars is ambiguous... and surely if they are referring to some other kind of dollar, then they should clarify their reference and maybe even suggest why they might need to refer to such different currency, if it is not clear from the contents of their post.


So fucking what that whatever dictionary you read has some further explanations, and are you even contesting that the most basic idea of discretionary income and the way that we are talking about discretionary income in this thread has to do with figuring out the difference between your income and your expenses?

I am suggesting that you need to be way more specific, and I am even providing you with fairly straight-forward guidelines regarding how to clarify your points, and then you come up with some mumbo jumbo technical dictionary explanation that does not even mention the idea of the difference between income and expenses as being the main idea that I am trying to get you to focus upon. .but for some reason you don't believe it?  What I am saying does not make sense to you?  Do you disagree or you just want to continue to spout out vague ideas without getting into the basic starting point concepts of comparing income to expenses in order to arrive at discretionary income?


Maybe you are staring to get it?  I feel like I am repeating myself, but at least you are mentioning expenses in terms of your consideration, yet you still seem to believe that expenses are some kind of variable that is all over the place, when they usually can be established in terms of some of the expenses are fixed and other expenses are discretionary.. Some expenses can be deferred and others have to be paid right away, and surely there is variance in terms of fixed and discretionary expenses, because sometimes fixed expenses can also be deferred and frequently there will be costs involved with deferring fixed expenses., but anyhow, the punchline, as I already attempted to proclaim, several times, is to start by figuring out your income minus your expenses in order to figure out your discretionary income.. and also as I already mentioned, you may or may not already have various systems of emergency funds, reserves and cash floats that you are in the habit of maintaining, and to the extent that they might be inadequate, then they are going to be built up from your discretionary income.. which means that it is after you have already figured out your expenses and to the extent that sometimes some of the expenses can be cut and/or deferred too, which could end up affecting how well you can build up any reserve funds that you have or how much you might be wanting (or able to) invest into bitcoin, whether we are calculating monthly or weekly or some other ways of categorizing timelines to measure your discretionary income..  another term for discretionary income is disposable income.. .which largely refers to the same concept but sometimes people will talk about disposable income to refer to extra income that they have after they have accounted for their expenses.


why are you guys coming up with such dumb examples in which guys have an income of $100, and they are able to invest 80% into bitcoin because their monthly expenses are ONLY $20.  It hardly makes any sense.


These points kind of make sense, even though your numbers do not seem very realistic in terms of monthly expenses for anyone being ONLY 20% of their income, unless the person is in a more rich category.. so for example a person might be living in a place in which his expenses are only a few hundred a month, and his salary is $1k to $2k per month, but yeah, maybe you guys need to describe how you are coming up with examples of ONLY having expenses of $20 per month and how that might be realistic and also how the same guy might have an income of between $60 to $100 per month?  Sure there could be some situations of informal economy and maybe you live on a farm and you raise your own food or you trade your food for someone else's food and maybe you perform labor in order to live in your house, and you don't have to pay electricity because it is free or it does not exist... but still the numbers see strange, even though surely I know some folks do have real low incomes.. yet are we even being realistic?

Of course there is going to be a lot of variance in these kinds of situations in which there is going to be justification to have shorter investment time horizons, and people should attempt to set themselves up for various base case scenarios that are more likely to play out, yet even with life, from time to time, there could also be curveball situations that end up contributing to a change in plans, even though coming with an intention to invest 4-5 years or something like that, but if some one is older there could be some specifics that are known in regards to various kinds of funds that they might have that are connected to pension or other investments, so such person might already know that they are already living off such funds and they project out that the funds are likely not going to keep up with inflation or some of them could dry up or come close to drying up, so they might consider that their bitcoin investment would then be used once the other funds dry up or they are no longer keeping up with inflation.

So the example is different for someone who might know certain information in regards to demands upon their income and abilities to look forward to having bitcoin as a supplement that might start to kick in around the 4-5 year timeline and whether they are looking at completely cashing out of bitcoin or maybe employing some kind of a sustainable withdrawal or some kind of aggressive withdrawal that might span over a certain number of years... so there could be knowns and unknowns involved in making such calculations.. including maybe they are liquidating properties that they own and living off of that and they know that the cashflow from those liquidations are ONLY going to work for a certain period of time and then their bitcoin investment proceeds (whatever it ends up being) would kick in after that... at the same time, they might even realize that the bitcoin investment may go up or down or might go to zero, so they have those kinds of various scenarios in mind, too.

Regarding the person who might have a target of buying a house in 4-5 years or some kind of a timeline that still meets the minimum threshold of investing into bitcoin for at least 4 years, there are a lot of different ways that we might describe their situation to suggest what they are doing is prudent and practical, yet I personally don't want to outline any variation of some scenario, since there could be quite a few variations of scenarios that might be prudent and I don't feel any need to describe some variation of such a scenario - but if someone wants to bat around some ideas, I would not mind chiming in with my own perspective on the matter - even though there could be a decently wide range of reasonableness (and prudence) in regards to how some folks could enter into bitcoin with such ideas of tying some portion (or perhaps even all) of their investment capital for 4-5 years - and also realizing that it is not even guaranteed to perform better than some other place that they might choose to put their capital, so they might not want to put all of their investment capital into bitcoin - yet those are discretionary choices that folks are going to make based on their own details.


Sure we can have various base case preparations and also a certain amount of flexibility and expectation that the BTC holdings (as compared with any other investments) might end up underperforming expectations and/or underperforming base case scenarios, so we would not be shooting completely out of the blue, and sure we are taking chances including needing to consider how much we might consider needs (if any) to hedge our BTC investment in other ways that may well go beyond some of the basic ideas of having an emergency fund, reserves and a cash float.


I am not sure why you consider it to be helpful to bring shitcoin (meme coin) analysis into the mix regarding how we might consider our approach to bitcoin.  The last time I checked the tail does not wag the dog.  It is the other way around, so even if you might have potentially come to the right conclusion in regards to potentially focusing on bitcoin, you also seem to be a bit distracted if you think that the discussion of shitcoins (aka meme coins) is important to your consideration of what might be prudent and/or practical suggestions regarding how a person might invest presumptively into bitcoin at this time.


It sounds like you want to gamble with bitcoin, so yeah, that might work out for you.. and maybe you will regret selling too much bitcoin too soon.. but surely those are your choices in terms of your desires to attempt to play bitcoin for short-term profits.

To the extent that I might understand the reference to long-term survival, I don't have any problem with such an idea, yet there are frequently guys who talk about long term survival in ambiguous ways, including putting some kind of timeline on what they consider their own long-term survival to be, which causes me to consider that the member might be considering trading out of bitcoin rather than having have had built up their bitcoin position to such a state that they are no longer concerned about any kind of need to either get back their principle and/or to specifically calculate their BTC profits because in some sense a long term position in bitcoin may actually result in an ability to mostly be retaining bitcoin holdings forever and merely shaving off some coins here and there along the way, but mostly living off of various other cashflows and mostly spending the BTC last in terms of potential various sources of cashflow that might be available.

Regarding meme coins, various other shitcoins (which means digital asset products that are not meaningfully related to bitcoin) and/or trading (or gambling), any of us should be attempting to exercise a decent amount of skepticism and conservatism in regards to how much of our value (time and/or energies) that we are putting into those kinds of matters, and generally I suggest no more than 10% of the size of your bitcoin stash for any of that kind of stuff and perhaps even a combination of all of those related non-bitcoin distractions.  At the same time, forum members have the discretion and rights to do whatever they like, including dumb things, and maybe those dumb things will work out favorably for them (which is kind of the nature of gambling) and maybe not.  In other words, there tends to be a decent amount of value that comes from building BTC holdings in relatively conservative and/or certain ways rather than taking too many chances,

yet surely folks are going to have some gambling tendencies, and so I am not suggesting to completely give up on their gambling tendencies, even though I would suggest there would be a quite a bit of value to limit their gambling tendencies to less than 10% of the size of their bitcoin holdings, and sure if they figure out some systems in which they conclude that it is reasonable, prudent and potentially advantageous for them to go beyond the 10%, then surely that is on them, and surely there could be some situations in which that might be the right move, even from a prudence and conservative stand point, and in that regard, we each have our own brains, and some times we might come across situations in which it may well be a good idea to venture a bit into some more risky behaviors for a period of time, and keeping our eyes open to the various trade-offs related to the pursuit of those kinds of avenues.


Part of the problem when any other forum member mentions some vague concept of "crypto," and then they might mention that they are somehow relating that to bitcoin, yet the next member who mentions "crypto" does not really connect the idea to bitcoin, so then it can become quite unclear regarding what the fuck they are talking about.

Are we still talking about bitcoin or not, and if so, then why not use the word bitcoin rather than crypto, and if you feel some kind of need to use the term crypto, at least if you can describe what you are talking about.. otherwise it hardly makes any sense to be using such term  because really there is no such thing as "crypto world".. that is a bunch of nonsense, unless you say bitcoin and shitcoins and you suggest that to be crypto world.

Yeah, sure people are using the term "crypto" all the time, even smart people and legislators and they also have some other phrases that they use, such as "digital assets," yet there also can be times in which the vague and dumbass phrases are used, but in legislation, for example, the terms will frequently be defined, even though surely in a lot of the more recent legislation efforts, there seems to be a lot of attacks on bitcoin, so in some sense some of the vagueness in the use of language and the convolution of terms ends up in itself being an additional attack on bitcoin in terms of both vagueness of laws that are being proposed and passed and also overly broadness of the laws, which tends to trounce upon various individual rights that people (and businesses) will likely have, yet such "rights" will vary around the world in terms of how rights are articulated and/or respected.. which sometimes is not very much when one group is trying to control another group, and when there are concerns about individuals having too much financial sovereignty and/or privacy.


At least in this second paragraph, you were able to bring your conversation back to more concrete ideas, which may well suggest that your earlier dumb-ass, vague, ambiguous and potentially misleading reference to "crypto" might have mostly been about bitcoin, even though perhaps you chose to use the term "crypto" because you wanted to appear smarter and more sophisticated, which for me (and perhaps some others) contributes to a sense of less smart to be using such a vague term that may well include bitcoin as part of what you are wanting to talk about, but you seemed to have had not wanted to use the word bitcoin in that earlier word choice/description that you were making.

I was also considering saying something to Felicity_Tide in regards to his eagerness to get merits after ONLY a short time on the forum, and then when I did a quickie look at his prior posts, they were NOT as bad as some other newbies, yet at the same time, I did not look at them as closely as you did Igebotz, so yeah, that helps in terms of making some kind of an assessment regarding the sense that newbies do not really need to get so excited about whether or not they receive merits - especially since most of the newbies who are quality posters will start to receive merits in more or less natural ways - yet, sure there could be some cases in which the quality of posts of the newbies are being overlooked, and maybe even for reasons that are not their fault, such as their participation in threads (such as local boards) in which merit sources are not participating.. .. so in that regard, I am not really opposed to the idea of drawing attention to posts that might be overlooked, yet I had a similar sense as you, Igebotz, that Felicity_Tide was becoming overly eager.. and also Felicity_Tide's line about his not knowing whether his posts are quality or  not seems a bit retarded, even though it does not hurt to have some humbleness in regards to quality of posts, so it is not completely offensive, even though that comment raised some red flags for me.

Another point that many of the longer term forum members will make to the newbies (including yours truly), is to suggest that they figure out some areas of the forum in which they are interested, and largely focus on threads that are related to their interests - including substantively engaging in those topics which means responding to the ideas of the OP or the ideas that are presented by other members in the thread, and sometimes even throwing in some personal examples can be very helpful even if other members might not agree with your conclusions it still can be quite interesting to come across members who are sharing their personal experiences and they do not even need to give up OpSec (operational security) kinds of information (which just means the information does not need to be so personal as to reveal identity, location, financial prowess or other sensitive kinds of information),

and for me, I don't really find any problem in regards to perhaps the newbie members developing (and building) more interests towards bitcoin (even if they might initially not be very interested in bitcoin), since threads that mostly focus on bitcoin are likely going to attract more merit sources and also more likely result in other members inspired to send their smerits to members who are interacting in substantive and meaningful ways in the bitcoin threads and/or the various ideas related to bitcoin.. which surely bitcoin seems to have potentialities to relate to almost anything.. and maybe I am giving away too much in terms of the cheat code to the forum in terms of newbie members (or any other forum member for that matter), if they are able to weave discussions of bitcoin into almost any topic, they are more likely to get attention of other forum members who appreciate those kinds of posts.. especially if the posts are not filled with vague gratuities, which there seem ot be a whole hell of a lot vague gratuities throughout the forum, and sometimes, I regret sending smerits to forum members who I start to notice that they have habits of repetitiously making posts with either vague gratuities or they are citing from other sources (such as twitter or some article) and even though the topic is interesting, they have none of their own words within the post, besides their having had forwarded some outside source about an interesting topic.. So if these members at least make a one or two sentence statement about what the link and article is about and their opinion on the topic, they also would be more likely to inspire other members (with smerits) to share their smerits with that member.

I figured that someone was going to play around and place a bunch of potentially contradicting bets; however, I did not imagine the thousand days future bets (which are not contradictory), and then also you are betting majority UP (actually you are betting all of them UP), and surely I was also of the speculative conclusion that bitcoin tends to be a majority down kind of an asset, especially on a daily basis and especially on a long time span such as over 1,000-ish days (even though we are likely expecting a bull market through the first half of that time), even though we have tended to experience greater magnitudes in terms of our UPs during the times when they do end up happening.

In other words, your Up only bets are likely going result in you running out of WO BMs, perhaps by early 2026.

But, yeah no problem putting DirtyKeyboard's WO betting script to a new challenge could not necessarily be a bad idea.


Is "later luck" a variation of "lady luck"?  Asking for a friend.

To me it is still confusing, since in order to figure out if something is overly aggressive or not, we still need to start with figuring out what is our discretionary income, so you need to start by showing income as compared with expenses in order to show what is the discretionary income.  So from my point of view you seem to be assuming too many things, and sure you might be correct in some of those assumptions.

Another thing that I already mentioned is that if your emergency fund, reserves and float is already in place, then there would be no need to build them or have money for them because they are already there.  However, if you are building them up, then surely they get built up from the discretionary income, so that takes away from how much discretionary income that you would have left for investing into bitcoin.

Any prudent person would not decide how much to invest into bitcoin prior to knowing his discretionary income, even though you may well be implying that the amount selected is within discretionary income, while at the time trying to provide an example that is obviously over the top, but you should not get that extreme (or also unrealistic from my point of view), since like I already said you need to give some kind of numbers for expenses so that we know how much money we have, and if you are saying that the whole $1,500 is discretionary income because the expenses have already been taken care of, even that seems unrealistic even for a guy who might be living with his parents.  Everyone has some levels of expenses.

Another mistake that many of you are making is to presume that there are 4 weeks in a month, when the fact of the matter is that there is like 4.33 weeks in a month (remember 52 weeks in a year, not 48 weeks), so that makes a difference.


Maybe you do live with your parents if you believe that you can get all of that, including your expenses from $300 per month.

In other words, you cannot be fucking around with hypotheticals that are all over the place.  Tell us from the start what are the expenses.  Yes, they are going to vary with people, but for the sake of the hypothetical, we need to know that in advance prior to figuring out how much we have left for investing and/or for building our emergency funds and reserves, in the case that those systems are not already in place.

If you do not have emergency funds, reserves and/or float, I personally suggest to build them simultaneously while investing into bitcoin, yet of course, there is going to be quite a bit of personal discretion regarding how to do it in terms of how nervous any of us might be in regards to whether we have enough emergency funds, reserves and float, and part of the reason to have those things in the first place is so that you do not ever have to dip into your bitcoin investment at a time that is other than your completely own choosing, so if you do not have any bitcoin investment, then you are just building your various funds and holding cash which surely does not tend to be a great place to keep a lot of value, even though you do need to keep some amount of value in cash and more and more in cash the larger that your bitcoin investment grows. since you would not want to be forced into selling BTC at a time that is not of your own complete choosing.

Details are going to vary, but I personally would choose to build the emergency fund at the same rate as building the BTC holdings at least until you get up to 3 months worth of expenses in your emergency fund, and then once you reach 3 months in your emergency fund, then you might want to start to build some of your reserves (and many of us already are used to having some kind of float), but reserves can be used for all kinds of things.. for example, money set aside for buying BTC on dips, saving for a bicycle, keeping money in reserves to go out to special restaurant from time to time, saving for a new car or perhaps keeping a fund for car repairs, and all kinds of miscellaneous categories to the extent that that kind of money might not already be somewhat generally covered by whatever cash float that you might maintain from month to month... .. or between the times of paying certain bills that might have some variance (electricity, food, transportation or whatever those costs could vary quite a bit from month to month  and the float might be extra that you have available in case one or the other of them is particularly higher than expected for the month).


There is no need to presume impossible levels, yet sure there is going to be some variation in terms if people might have already been investing, saving or engaging in sound personal financial management practices prior to getting into bitcoin, but we do not necessarily need to presume that to be the case, yet if someone has very strong finances when coming into bitcoin, then they will be able afford to be even more aggressive in their start to bitcoin as compared to someone who might not have very many of those systems in place. 

I have frequently speculated that many normies have practices of perhaps having a couple of weeks of float in their finances, and maybe there are some that might have a whole month or 6 weeks, but many folks tend to run their finances in paycheck to paycheck kinds of ways in which they do not have very much of a cash float.  So if they are getting into bitcoin, then they are going to have to build better practices, since merely having only a couple of weeks float or even up to 6 weeks worth of float, is not generally going to be enough to provide strong assurances that the newbie investor is not going to need to dip into his bitcoin investment at a time that is not completely of his own choosing, so anyone who has a 2-6 week float is likely going to need to build their emergency fund from that and to temper their own bitcoin investment levels in such a way that they are building at least an emergency fund of 3 months of their expenses, and yeah maybe their investment into bitcoin and their building of their emergency fund reach 3 months of their expenses in size at around the same time, and yeah, it could take 6-12 months just to get to that point, depending on the level of discretionary income that the person has.. so I am not going to presume that they can build those up very fast if they are already in a relatively weak practice of ONLY maintaining a 2-6 week float... but whatever, individuals may well vary in terms of their abilities to draw from some other sources of savings and/or investments that they might have had.. otherwise all of this is coming from their discretionary income, including that they might need to spend some time building up their discretionary income by increasing their income or cutting their expenses.


Yes you clarified it, and thanks for that, yet it still sucks as an example for the reasons that I already stated and additionally, are you even trying to be realistic with this example? since the example does not completely help us to figure out why the guy is overinvesting, even though surely the facts are not controversial, and so maybe in that sense you are creating a strawman hypothetical, yet it is still so unrealistic that it is not really stimulating any of us to think in clear ways, including that you really did not make it clear from the start, and you still are not making it clear because you are failing/refusing to specify expenses.. which should be something that anyone should already have some pretty good ideas about whenever they start to invest, they should have a pretty good idea of their income and their expenses, so that they know how much discretionary income that they have to even be qualified to start to invest (other wise they are gambling and/or too unorganized) and yeah there are people who do not have their finances in order, but we should not be using those kinds of folks as models, but instead trying to help them to show them what kinds of ways they need to "get their shit together".. personal financial matters I mean, and if their personal financial matters are in a pretty BIG disarray, that does not mean that they cannot start investing into bitcoin, but they might have to take a fairly small position while they are otherwise organizing their personal financial matters in a way to make them have cushions so that they never have to sell any BTC at a time that is not of their complete own choosing, and if they cannot do that, then they are gambling rather than investing.. which is not recommended, even though people do it.. but we do not aspire to be like the traders and gamblers.. especially with bitcoin, since that is a losers game, unless you happen to have had developed special skills, and we are not going to presume special skills, so that's part of the reason to start with investing into BTC prior to trading and/or gambling of BTC.

The arbitrage abilities between exchanges is way less than it was in our earlier days of bitcoin, so I am having difficulties understanding what you are talking about.

If you want to either buy or sell BTC, you can do it as a market order or as a limited order.

By the way, BIG players, whales, bots or whatever manipulators try to hold prices in place and to profit from small moves in the BTC price until they are not able to no longer hold the BTC price in place.. Then what happens?  it goes in one direction or another until they are able to try to hold it in place again... what is the BIG deal? They are able to do it until they aren't. so what?


I was thinking that another good category for a bet would be something like a percentage up or a percentage down, so the price would have to be out further than the percentage that had been predicted.

Another thing that I thought is that maybe your report (or your tally) should show the relevant information, which would be the price the previous day when the bet opened and the price upon closing.

Maybe another thing it should show the balance of anyone who had already placed a bet previously even if they had not bet that day (greyhats for example)... and maybe sort the results by balances in the account (game).

WOGame,JayJuanGee,updown,down,100,2024-05-14

On the face of it.. I would call that pretty whimpy.

a good starting point would be 3 sets of 8-12 pushups per set... but hey whatever... do what you like or are able to do, and if you cannot do 8-12 full pushups in a set, there probably would be some way to do modified pushups so that you can get in some repetitions...

so there is something valuable that comes from a certain quantity of something like pushups (meaning repetitions)... versus low reps (and supposedly high weight).. but hey maybe ONLY you know the details regarding why you believe 2 sets of 5-6 pushups is actually something to be taken seriously by the rest of us in terms of why you think that is a good place for a "beginner" to start.

Also, by the way, a report is how many pushups that you actually did, and there is a format for that, so that your results get into the table, in the event that you would like your results to get into the table.. so once you actually do them, then put them in a proper report format.. and hopefully they are not averaging below 10 pushups per day or otherwise skewing the rest of us downardly based on something that might border on an appearance (at least from my perspective) of not being serious.

You seem to have a lot of the ideas correct, but I am a bit confused by your example, and also a lot of the time, once the emergency fund is set, then it is largely never going to be touched, absent an actual emergency and if you have some reserves already in place, you may well not even need to dip into your emergency fund since your reserves and you float should be able to  cover irregularities.

Your own example is confusing because when you give examples the starting points should describe the income as compared with the expenses in order that we are able to figure out how much discretionary income is available for investing.. so if we see that the discretionary income is not enough, then the person is over investing, or if he had not already established an emergency fund and reserves then he might be over investing, but from your example we do not know enough regarding what is the actual discretionary income in order to be able to determine if he is doing too much.

I am not even opposed to a guy investing 100% of his discretionary income into bitcoin as long as he has a sufficient emergency fund and float - but if he has made miscalculations and does not have those back ups then he might end up having to dip into his BTC at a time that is not completely of his own choosing.

The emergency fund should generally be a minimum of 3 months of cash or cash equivalents - something that is fairly easy to access and is denominated in your local currency, yet I know some folks would prefer to hold their emergency fund in dollars, even if they have a different local currency, and so that might not be a problem as long as there are ways to easily move into the local currency or that the dollars would be accepted for expenses if you were to have to use your emergency funds for your expenses or surprise expenses.


hahahaha.. you enjoy the repetition of theme, and surely we have a thread that seems to have a bit of a focus on buying the dip, even though many times someone who is regularly DCAing will already be buying the dip and also buying the non-dip and perhaps even claiming that s/he cannot really know how much of a dip is a dip and if it might keep dipping.

Your rounding the top to $70k seems a bit understating our current high was $73,794 on March 13, and that is nearly 5.5% higher than your rounded off number.. and yeah some of those details can make a bit of a difference in terms of measuring how much of a dip are we in and how much of a dip have we gotten so far.  Surely the low of this particular dip has so far gotten down to $56,500, which is 23.5%, and that is a pretty decent dip, if any one had gotten any coins in the $56.5k to $60k territories, since currently we are at $62,462 as I type this post, which is ONLY about a 15.5% dip from the top, and yeah those numbers could make differences that matter for some folks buying BTC, and again, there may well be some DCA'ers who are continuing to buy in the last several months, even prior to these latest dips and they are largely accumulating BTC, and maybe they are paying a bit more per BTC, but they don't really know how waiting around for a dip is going to help to prepare them for UP, so it may well be better to have a bit of a higher average and to continue to invest rather than spending too much time waiting around for dips that might or might not end up happening.


Hahahahaha.. not so obvious to me. I think that the main thing a person should know is his/her own finances, and their feelings and knowledge about bitcoin as compared to other possible investments is ONLY one of the 9 factors that they can learn along the way.


Those are still basics and background ideas that people can learn about as they go, and in the meantime, they just get started with their $10 per week or whatever while they are learning about bitcoin, and their having had started to invest into it will surely help them to pay more attention than if they were just sitting back and waiting ... sure if they are skeptical  and maybe they could invest $100 per week, but instead they choose $10 per week and as they study the matter, they might become more convicted about bitcoin later down the road, but at least they had gotten started... maybe too whimpily, but better than nothing, which is where the overwhelming majority of the population (perhaps in the ballpark of 99%) is..


Let's not get distracted by currencies.. We use dollars as a reference, but you can convert it to your own currency.

If the guy makes $1,500 per month, and he has $600 worth of expenses, then he has $900 of discretionary income.

You can talk about niara.. but you are going to confuse people, so give your example in dollars, even if you might be referring to the niara... The principles are still going to be the same.  You have a certain amount of income that is coming in and then you have a certain amount of expenses that you need to pay out, and what is left is your disposable income. 

If your income and your expenses are bouncing all over the place each month, then your disposable income will be bouncing all over the place too.  so each of us has to figure out how to deal with large fluctuations in our income and/or our expenses, and emergency funds, reserves and float become more important in the situations where the income and/or expenses bounce around a lot.  Since this a general thread, there should be no issue about my country versus your country, especially since we can convert to the dollar to have a common reference and if the examples are not realistic, then maybe we are not using realistic numbers.  Truly a lot of people have a hard time consistently investing/saving 10% of their income, so if you are using examples in which discretionary income is way higher than 10% or even greater than 50%, then that might start to seem unrealistic and maybe you have to explain.. .. and surely there are some people who purposefully choose to live a very modest life and they have a lot of discretionary income that they are able to invest, and those people likely are in a better position to invest into bitcoin and into other things (hopefully not shitcoins), but still discretionary income gives a lot of freedom to people when they are in positions of having such a thing.