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Voted October.
Reasons: Jul/Aug/Sep/Oct practically coincide in HoDL time. Voting for Oct is the least disappointing choice.
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Does anyone feel a bit frustrated with Bitcoin at the moment?
[...]
Frustrated? Are you joking? I'm having the time of my life! My fiat investment in Bitcoin currently stands at exactly 469% of it's initial value. [...]
Are investors fooled or are we fools?
Fools? I don't think so! Some of my friends certainly feel like fucking bozo clowns when they check the price and compare it with the price when I told them about it. They look at the $1 worth of BTC deposits I made to the wallets I set up on their phones, which have now grown to $15, and are asking me how to buy... Before they even finish their sentence, I reply "Google it, mate!" Most of them end up buying shitcoins... We're probably the smartest guys in the room... If you're frustrated, 3 things: Just Zoom Out TM, GTCTTWW, HoDL. |
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Ot oh After watching this topic for a while I guess I decided to invest a few hundred bucks in yolodice too. This rollercoaster looks fun. I wish there were more trusted casinos that accept investors' money. Yolodice looks safe enough. It will be a good addition to my freebitco.in investment.
Yolo dice, Mindrust approved! OMG! Why do I get a sense that mindrust is going to be mindrusted (again)? |
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you utterly ignorant bellend.
no forum ever has caused me to do so many net searches for some of the terms ive had to look up here. added. Same! Every visit to WO makes you a better person!  My unknowns were {flatus} and {bellend}. Live and learn! |
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Nice pumping action... 
Edit: soullyG got me by 1 second! |
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Always share brother... new people can learn a lot from previous things that happened
Out of merit atm
Sorry
Thanks man. He doesn't follow BitcoinTalk/WO. Will show him the post when we reach 6 digits. Let it be a small record of his story. Hopefully he does not get shaken out of his coins. When people are acting a bit weird, they sometimes want to cash in and buy themselves something nice. I understand getting into bitcoin with a lump sum, but what about dollar cost averaging? He could continue to dollar cost average $50 per month or some modest amount so that he might continue to feel like he is active in his investment, rather than just waiting for it. I think he should be alright, he is disciplined enough to HoDL for a little longer. DCA is a good idea (will discuss it with him), but his home country (Malaysia) is not very Bitcoin-friendly and it's not easy for him to buy or sell BTC there. He could wire me the fiat and I could do it for him, but he considers it too much of a hassle, and his finances are not great anyway, so he's just stuck with his 2.7 BTC for now. I guess that not being able to sell easily has worked to his advantage, preventing him from cashing out his coins as you said. Please tell me i did not just read that he is keeping his bitcoins (having a total current value of $27,789) long term on a mobile phone ?
Yup. That's right. $25,000 worth of coins in Mycelium on a Samsung Galaxy Note 5 (at least it's not a 7!). He has backed up the seed in paper form (IIRC) and has also set up a spending PIN in case the phone is lost or stolen. He should at least get it out of his phone and just keep the seed. Will tell him next time we talk. |
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Always share brother... new people can learn a lot from previous things that happened
Out of merit atm
Sorry
Thanks man. He doesn't follow BitcoinTalk/WO. Will show him the post when we reach 6 digits. Let it be a small record of his story. |
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Last night I had a long chat with a really good friend of mine, who lives very far away from me (he's Chinese Malaysian). He told me that he has fallen in a kind of depressed state, because of unstable employment, financial difficulties, family and personal matters. He sounded very depressed actually, long pauses of silence, to the point of losing hope for the future, and we all know where that can lead to... Made me very sad...
Many years ago, my friend bought nearly 3 BTC for $1100, after I told him about it, and recommending him to buy as much as he could. He wired the money to me and I bought 2.7-something BTC for him, from the very same Bitcoin ATM that I bought my first BTC for $220. I helped him over the phone to install a wallet, and transferred the BTC to him. That was to be my very first long-distance transfer! We were both really excited at the time, talking for hours about the tech, the implications, the possibilities.
Why am I saying all this? Because last night, just before hanging up, I told my friend that those 3 BTC will save his life. And soon. He was a bit reluctant to believe me (lost hope, even in Bitcoin), but the phone call ended in a positive note, thanks to Bitcoin. I'm really looking forward to the time when he will be free from wage slavery and be able to enjoy his riches (because 3 BTC will be a major amount of wealth, especially in Malaysia, and anywhere really). Told him to check out his wallet, verify the seed, make sure it's all OK (coins still in his mobile phone, hasn't even claimed his BCH/BSV yet).
Probably a boring post, but I just felt like sharing it here...
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When a product is offered to you for free, the real product is you!
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Jesus Christ. Over 1,100 COVID19 infections today in Dallas County alone, crushing previous records.
This is getting real bad, folks.
You shouldn't have flushed when you had that diarrhea incident. There are special procedures for such things, you know... Bad joke, I know, just couldn't resist... Stay safe over there, we'll all get through this! #nohomo |
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[...] You should sell those 4 BTC back to mindrust at the price that you bought them... to make him feel MOAR better. Yeah, he will still complain, but so what you would be doing a good thing bringing him back to making up almost half of his lame-ass mistake  like a WO sponsored bailout (really sponsored by LFC, but why get technical about giving credit).  I don't think mindrust would agree to that offer. He's far too proud and selfish. My guess is that he will never admit his mistake. He will support his actions until the end. |
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Good for brainstorming but to me it seems "how to lose friend 101" irl.
The friend will always get his money, he doesn't need to know... And you can always stop if you feel uncomfortable. Sure, you will return him as stakes are low but scenario could change drastically if amount is $9k -$90k so on instead of $900 because profit and loss is speculative in this case. But profit-loss margin is not main concern, important part is your friend doesn't have any slightest idea about your intentions and he's trusting you with his money. I am sure you wouldn't like this idea if roles are reversed. Overall I would say it's not very ethical practice irl It's like you are about to screw your friend's wife and you are saying it's fine as long as she's going back to your friend. He doesn't need to know anything and you can always stop if you feel uncomfortable. I understand what you're saying, but think of it like this: When I put his $150 in my bank account, it is mixed with my money, so by using $150/month on BTC and at the same time guaranteeing him $150 for his rent income, I'm essentially using my own money for the investment. Same thing happens in a bank. You put your money in, the bank invests it, or even lends it to others and earns interest. But the bank guarantees (theoretically at least) that they're going to give you back your money when you request it. About screwing my friend's wife, of course you're absolutely right in this case. It's unethical and I would never do it. |
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Good for brainstorming but to me it seems "how to lose friend 101" irl.
The friend will always get his money, he doesn't need to know... And you can always stop if you feel uncomfortable. As long as you’d still give him the rent money, even if the bitcoin price goes down then fuck it, he doesn’t need to know. You could definitely make a bit of spare cash holding the rent money in bitcoin before sending him $150 x 6 after 6 months. Do it! Yeah, he'll definitely get his rent money, those who suggest he may not, just don't know me... Haven't done it, but I just might start this year. Just a fun little experiment, and a nice story to tell. As for using my friend's money, I'd rather invest it myself in Bitcoin, than let some stinky banker's hands get hold of it (even for 6 months). @psycodad: Sure I could use my own money, the amounts are so small, that this is just for fun, really, and to demonstrate the power of Bitcoin. As long as I have the means to compensate in case of a loss, I don't consider this a breach of trust or unethical. Not at all. As far as he's concerned, his money is (and always will be) available to him anytime he wants it. @wwzsocki: Feel free to repost anywhere you want (adding a link to the WO post at the end). I'm a hardcore WOer. Never visit or start other threads. For me, BitcoinTalk = WO, my bookmarks lead straight here. But as I said, feel free to repost. |
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Good for brainstorming but to me it seems "how to lose friend 101" irl.
The friend will always get his money, he doesn't need to know... And you can always stop if you feel uncomfortable. |
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Saturday morning. Boring. So I did a calculation: Background: I collect monthly rent for a small apartment (in the same building where I live), and send the accumulated rent every 6 months to the apartment owner, who lives in another country. We're friends, so I don't take any profits out of this. This has been going on since the beginning of 2015 and continues to this day. Monthly rent: $150 Amount sent every 6 months: $900 Net profit for my efforts: $0 So I thought: what if I had invested all those rent amounts in Bitcoin? Suppose I bought BTC at the beginning of each month (when I received the monthly rent), and then, at the end of each 6-month period, I sold the accumulated BTC, sent the $900 to my friend, and kept any profits (or cover any losses incurred). How would that work out? Prices: Bitstamp Historical Data Period: 2015-01-01 ~ 2020-07-01 Method: I applied the above scenario, but took the worst case, i.e., buying BTC at the highest daily price every 1st of each month (thus obtaining the least amount of BTC), and selling accumulated BTC at the lowest daily price of the last day of each 6-month period (thus obtaining the least amount of fiat). This is the absolute worst-case scenario, so the net profits (or losses) calculated will be the lowest (or highest) possible, respectively. Here's what I got:  Overall net profit (from 2015 to 2020): +$4,302.52*It's not much, but it's still better than nothing. This amount is the lowest I could have earned, had I followed my hypothetical scenario above. Instead, what I did was just keeping the rents in my closet (or in the bank). What did I get? Zero, zip, zilch, nada! I think this is an interesting result, that shows the sheer amount of profits that can be made by smartly (and effortlessly) investing small amounts of fiat you may have lying around (or, perhaps, managing for a friend, like in my case). Note that, applying my scenario above does not involve any data analysis or other effort, this is just blindly applying the above scheduled buy/sell actions without even looking at the price. Of course, this idea could end up in losses, but history has shown that with Bitcoin, gains are virtually guaranteed if you give it enough time to average out the volatility (i.e., the long-term price direction is virtually guaranteed to be upward), so it's almost a win-win situation. Maybe not HoDL material, but still an interesting experiment/result IMHO. (*) Exchange & transaction fees not taken into account. |
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Whoever isn't expecting a big move in either direction soon is gonna get caught out!
A HoDLer is always expecting price fluctuations, but doesn't really care much about short-term price direction, because he/she is in it for the long term, and he/she knows that there is only one long-term direction, and that is upwards. The ones that are worried about getting caught out, are the traders, who really trade their peace of mind for short-term profits. I played the trading game a few times. I ended up with some small profits, but at the expense of being literally glued to my computer screen, not being able to sleep properly, worrying about price action all the time, constantly placing/replacing/canceling orders and always being on edge. Thanks, but no thanks! HoDLers set long-term goals, observe and prepare, but never get caught out, because they never act on impulse. |
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2020 (Halving): $8500
2020 (EOY): $13,000 <-- Predicted
2021 (Q4): $30,000 <-- Predicted
2020 (Halving): $8500
2020 (EOY): $13,000 <-- Direct up-scaling
2021 (Q4): $260,000 <-- Direct up-scaling
Better?
I just don't believe 2017's ATH mega-pump can happen so fast this time...
I'm quite happy with the green prices. Slow 'n' steady.
My SOMA numbers are like this: 2020 EOY: ATH (21-25k) 2021: 250k-450k Man, if this happens I'll eat my d... No! OK, I admit defeat. $250k+ in one year. I like this! |
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We need only $790 ish pump everyday for next 30 days, so easy peasy... 2016 (Halving): $660 2016 (EOY): $1000 2017 (Q4): ATH 2020 (Halving): $8500 2020 (EOY): $13,000 <-- Predicted 2021 (Q4): $30,000 <-- Predicted I find the above SOMA predictions quite conservative. Bear Yeah, it is... Doing a direct up-scaling from the 2016 halving, we get this: 2016 (Halving): $660 2016 (EOY): $1000 2017 (Q4): $20,000 (ATH) 2020 (Halving): $8500 2020 (EOY): $13,000 <-- Direct up-scaling 2021 (Q4): $260,000 <-- Direct up-scaling Better? I just don't believe 2017's ATH mega-pump can happen so fast this time... I'm quite happy with the green prices. Slow 'n' steady. |
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We need only $790 ish pump everyday for next 30 days, so easy peasy... 2016 (Halving): $660 2016 (EOY): $1000 2017 (Q4): ATH 2020 (Halving): $8500 2020 (EOY): $13,000 <-- Predicted 2021 (Q4): $30,000 <-- Predicted I find the above SOMA predictions quite conservative. |
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[...]
I forgot your story, AlcoHoDL, are you saying that you were one of those could have been earlier adopters, but you did not rise yourself to the level of action which would likely mean figuring out some kind of reasonable budget to get "in" at some earlier date? When are we talking? and why did you NOT act? would have it made a difference? I had some asset that I had invested into in early October 2013 and I would have had that money available for bitcoin, but I will say that I did withdraw all of that money that I had invested in that October 2013 asset and I invested into bitcoin between about October and December 2014 which I believe largely played out better for me.
What is your "could have," "would have," "should have," and would have it made a difference in terms of what you did, your resulting financial status or even your mindset?
I could have been an early(er) adopter. With Bitcoin, hesitation works against you most of the time. I had a good amount of fiat that I could have spent on Bitcoin in 2015 (the best post-MtGox time to buy, but how could I have known? Got to take risks...), but I didn't. And I ended up spending the very same amount of fiat on Bitcoin in the later years, ending up with a fraction of the coins i could now have. As simple as that. I'm not really complaining though. It's all good. It's great actually. Oh, and BTW, my Trezor (when empty) is now worth $1050 (bought it with BTC)... LOL HoDL. |
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