Transaction fees are crazy as pointed out above.  Maybe we are heading for a dip first? Not wanting that but just being realistic.  good info, thanks. TX fees tend to be volatile, though, but maybe you are on to something...or not. I fully expected a double-hump bull season, but projected first stop to be 70-85K. If it is 65K instead, then the subsequent "small bear" (before the resumption of the bull in late summer/early fall) should be less punishing. We shall see. I am not buying or selling here. |
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newest M1 imac limitations are stupid-it looks like they are just large ipads on a stand. I actually miss Jobs tremendously.
At least he was innovating and Cook is good at just one thing-selling.
I surmise that they will deliver "pro" version soon, alas, I need a new one now and probably will not wait.
Why even get one? What can you do on it that can not be done on another device? (or is it done differently ...) I am not getting the M1, most likely 2020 version, need 27in monitor. You mean mac/Pc...just habit. |
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Forgot all about that "Event". What a shit lineup of products. People wanted the iMac chin gone. What does Apple do? Keep the chin and change everything else that wasn't necessary. Not even a normal USB port. What nonsense. USB-C displays and adapters have never worked as reliably well as the old school mini displayport either. The new Mac mini is now more versatile than an entry desktop. Imbeciles. EDIT: There is an ethernet port. Hopefully a bigger iMac will be released later this year or next. The new processors Apple do seem impressive but without ports and thus needing countless dongles it's just nonsense for such a big machine. Even some stand alone displays have better connectivity. Makes no sense. Well all the altering to their gear drove me out of my Mac mini mod business. And into wait for it : BTC mining So while their gear sucks and is an embarrassment I am forever grateful to Jobs dying and Cook taking over. Apple made some serious coin for me. Ironically it was the opposite for me. Job change required me to look at Apple just as Bitcoin came out. Was into custom builds, graphic cards just before then.  Got into the game eventually but it could have been far sooner I bet and indeed have done some mining perhaps. newest M1 imac limitations are stupid-it looks like they are just large ipads on a stand. I actually miss Jobs tremendously. At least he was innovating and Cook is good at just one thing-selling. I surmise that they will deliver "pro" version soon, alas, I need a new one now and probably will not wait. |
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Supply shock underway.   priced in? naaah I still think that this cycle will surprise us (either on upside[70% chance] or downside [30% chance-purely a guesstimate]). |
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This cycle feels different.
It started not as others with a "premature" summer 2019 bump, it continues on a strange trajectory. No super pumps followed by plunges.
We seem to be decelerating now at a level last seen in early February. A "flat with pimples"?
A slow cycle? A half-cycle? Mid-cycle lull?
Re doge-I am curios as to where it would stop..maybe it is done already,who knows.
More interestingly: if inflation will pump by summer/fall, how would this reflect in btc price?
Linear thinking says that it would be a positive factor, but I am not so sure, short term.
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For those who write dates in "american" way..tomorrow is 4-20...lol
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Of course, if we keep most of our value in BTC (and maybe some in fiat), then we might consider ways to formulate systems that allow us to be able to draw from our BTC in some kind of way without having to either worry about the overly depletion of value within our intended timeframe or having psychological pressures regarding either from where to draw upon sources or that we might not have a sufficient cushion (your example of paying the $100 late bill).
If and when Bitcoin reaches stability, we will, of course, have to seek other options if we wish to grow our wealth. That'll likely be the traditional investment categories, stocks, shares, loans, the normal gubbins. Hopefully by that time, they will be denominated in Bitcoin. Just living off the stash might well be a reasonable option for many though.as long as we agree that living off the stash is not passive income, it is "living off the stash aka eating your seed corn", albeit if you don't foresee any more harvest seasons, eating seed corn is fine. OT: can anyone rationalize doge for me and when it is going to stop? There is something weird about this. Is it just like XRP in 2017 or are we going to meme-ize the large chunk of our investments? In a funny way it shows the power of a "Sovereign Individual" (Musk is certainly the example of such). I would have to re-read it (SI book) yet again. In a way doggy looks like a purposeful distraction from bitcoin. I could could explain what happened with doge but not on this thread. As this is a btc thread. yea, btc+covid+Trump+nft+(boobs+asses)...the latter two being essential components, I agree. @JJG ramblings notwithstanding, this thread is officially blessed (by btctalk officionados) for occasional OT posts (well, I do agree that eth/ERC20, forks and XRP should be out). I will say Musk looks at DOGE/LTC realizes when it was worth 1/3 of a penny back in summer 2020 he can make a bigly score. a) buy doge cheaply b) buy cheap L3+ gear c) make large solar array for mining D) all of the above cheap and easy well under 200 million to achieve last year. e) keep pumping the coin f) make solid money g) try to cause btc price drops h) move doge profits into btc. I) now doge is 30+ cents if he built a solar array and is mining LTC/DOGE investment is all paid off. He has vested interest in pumping doge Not saying he did all of the above. but It looks like a duck and quacks like a duck it is very likely a duck. ...Personally I see this move about doge as very sure that it is being done. If my speculative ideas are correct it is legal to does what he did. As it is not subject to stock rules. So he can not tout Tesla stock. but he can tout doge. Here is a link into how I see other coin maneuvers being done. which have caused a huge difficulty drop in BTC https://bitcointalk.org/index.php?topic=5331454.0Interesting theory...my concern is that btc is now being positioned as "money for the rich" and it seems that doge is being portrayed as "people's money". I am quite concerned about it as I would like bitcoin to be smack in the center, NOT a rich folk "savings account". Regarding about why talk about competitors? It is in such talk new threats could become visible and counteracted. People used to be able to hold two contradictory ideas in their heads and weigh them out/argue against one or the other. Nowadays, it is all mostly about a tribe. |
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There is NO consensus that 1mil gives you 3.3 thou a month of passive income.
Where are you getting these numbers?
https://www.schwab.com/resource-center/insights/content/beyond-4-rule-how-much-can-you-safely-spend-retirementOne frequently used rule of thumb for retirement spending is known as the 4% rule. It’s relatively simple: You add up all of your investments, and withdraw 4% of that total during your first year of retirement. In subsequent years, you adjust the dollar amount you withdraw to account for inflation. By following this formula, you should have a very high probability of not outliving your money during a 30-year retirement according to the rule.
For example, let’s say your portfolio at retirement totals $1 million. You would withdraw $40,000 in your first year of retirement. If the cost of living rises 2% that year, you would give yourself a 2% raise the following year, withdrawing $40,800, and so on for the next 30 years.
The 4% rule assumes you withdraw the same amount from your portfolio every year, adjusted for inflation This is called SWR (safe withdrawal rate), NOT passive income. You (and @JJG) are mixing two concepts together. Of course, I cannot speak for Phil_S, but I give less than one ratt's ass if you want to call it SWR rather than passive income, and several times, I already stated various ways to reasonably consider the matter...and you want to get all bogged down on semantics that you believe better capture the ideas about how you would rather to consider the matter. By the way, I further state that I consider "passive income" to be more descriptive in terms of what is attempting to be achieved (which is to have an income) without having to work rather than your "safe withdrawal rate" which hardly captures any kinds of ideas that we have been talking about. What you trying to be safe from? Safe from depleting your principle, perhaps? I see no reason to change the descriptors based on your attempts at lame technical gottchas. Is the world right or you are right..the case of: "do you want to believe me or your lying eyes?" To simplify: $20 cash in your wallet is there to spend, but it certainly ain't "income" as long as you did not get it for a 'service' performed or "passively", like rent. etc. In addition: the fact that you keep saying "ratt's ass" instead of "rat's ass" despite numeral corrections indicate that you are either a f-g robot/software program (trying to sound like a fallible human) or a dumb-ass/ignorant/stubborn individual-exactly as you mentioned someone depicting you in RL. In both cases-there is nothing "there" to listen to. |
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Of course, if we keep most of our value in BTC (and maybe some in fiat), then we might consider ways to formulate systems that allow us to be able to draw from our BTC in some kind of way without having to either worry about the overly depletion of value within our intended timeframe or having psychological pressures regarding either from where to draw upon sources or that we might not have a sufficient cushion (your example of paying the $100 late bill).
If and when Bitcoin reaches stability, we will, of course, have to seek other options if we wish to grow our wealth. That'll likely be the traditional investment categories, stocks, shares, loans, the normal gubbins. Hopefully by that time, they will be denominated in Bitcoin. Just living off the stash might well be a reasonable option for many though.as long as we agree that living off the stash is not passive income, it is "living off the stash aka eating your seed corn", albeit if you don't foresee any more harvest seasons, eating seed corn is fine. OT: can anyone rationalize doge for me and when it is going to stop? There is something weird about this. Is it just like XRP in 2017 or are we going to meme-ize the large chunk of our investments? In a funny way it shows the power of a "Sovereign Individual" (Musk is certainly the example of such). I would have to re-read it (SI book) yet again. In a way doggy looks like a purposeful distraction from bitcoin. I could could explain what happened with doge but not on this thread. As this is a btc thread. yea, btc+covid+Trump+nft+(boobs+asses)...the latter two being essential components, I agree. @JJG ramblings notwithstanding, this thread is officially blessed (by btctalk officionados) for occasional OT posts (well, I do agree that eth/ERC20, forks and XRP should be out). |
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Of course, if we keep most of our value in BTC (and maybe some in fiat), then we might consider ways to formulate systems that allow us to be able to draw from our BTC in some kind of way without having to either worry about the overly depletion of value within our intended timeframe or having psychological pressures regarding either from where to draw upon sources or that we might not have a sufficient cushion (your example of paying the $100 late bill).
If and when Bitcoin reaches stability, we will, of course, have to seek other options if we wish to grow our wealth. That'll likely be the traditional investment categories, stocks, shares, loans, the normal gubbins. Hopefully by that time, they will be denominated in Bitcoin. Just living off the stash might well be a reasonable option for many though.as long as we agree that living off the stash is not passive income, it is "living off the stash aka eating your seed corn", albeit if you don't foresee any more harvest seasons, eating seed corn is fine. OT: can anyone rationalize doge for me and when it is going to stop? There is something weird about this. Is it just like XRP in 2017 or are we going to meme-ize the large chunk of our investments? In a funny way it shows the power of a "Sovereign Individual" (Musk is certainly the example of such). I would have to re-read it (SI book) yet again. In a way doggy looks like a purposeful distraction from bitcoin. |
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There is NO consensus that 1mil gives you 3.3 thou a month of passive income.
Where are you getting these numbers?
https://www.schwab.com/resource-center/insights/content/beyond-4-rule-how-much-can-you-safely-spend-retirementOne frequently used rule of thumb for retirement spending is known as the 4% rule. It’s relatively simple: You add up all of your investments, and withdraw 4% of that total during your first year of retirement. In subsequent years, you adjust the dollar amount you withdraw to account for inflation. By following this formula, you should have a very high probability of not outliving your money during a 30-year retirement according to the rule.
For example, let’s say your portfolio at retirement totals $1 million. You would withdraw $40,000 in your first year of retirement. If the cost of living rises 2% that year, you would give yourself a 2% raise the following year, withdrawing $40,800, and so on for the next 30 years.
The 4% rule assumes you withdraw the same amount from your portfolio every year, adjusted for inflation This is called SWR (safe withdrawal rate), NOT passive income. You (and @JJG) are mixing two concepts together.
I think that there is also a kind of consensus evolving in recent times that even today, you need $2million as compared to what a millionaire would have been in 2010-ish So $1million will give you about $3,333 in passive income per month and sure double that with $2million.. to $6,667 per month of passive income.
<snip> I am fairly certain dividends from stock/shares, interest received from savings, royalties, is a form of passive income. However, unless you are retired, DRP is the way to go! Everyone’s situation is different and how they invest and plan for future retirement will be different, but the one thing we can all agree on is, we never want to worry about where to find that extra $100 to pay a late bill. Besides, you should be aiming to increase your overall wealth by minimum 10% each year. Then you only need to worry about choosing “his and her” matching colour Lambos... or his/his (Bob) Maybe, but no one should rely on dividends as a firm number. In 2008 many dividend paying stocks were decimated together with everything else. |
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I think that there is also a kind of consensus evolving in recent times that even today, you need $2million as compared to what a millionaire would have been in 2010-ish So $1million will give you about $3,333 in passive income per month and sure double that with $2million.. to $6,667 per month of passive income.
There is NO consensus that 1mil gives you 3.3 thou a month of passive income. Where are you getting these numbers? Buying dividend stock or 10 year treasury is NOT passive income. Spending down your 1 mil is also not considered passive income. You keep saying that over and over, but it is absolutely erroneous. I would be in agreement if you say that you can probably spend 3.3% of your stash every year without ever running out, but stop calling it "passive income". Passive income is "earnings derived from a rental property, limited partnership, or other enterprise in which a person is not actively involved." This is what passive income is, but it is NOT spending down your stash. |
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Fair warning to all the resident bear whales of the WO: Dip any further, and you're gonna have grannies selling their brand new Tesla's to buy BTC via paypal - by tomorrow.  Fucking DOGE. LOL. doggie-run sled is pulling everybody up...or so it seems, which is of course, ridiculous, but why tf is dog outperforming everybody? Conclusion: space aliens are dog-resembling creatures and they are f-ing with us [I have no clue why]. Re bitcoin: maybe the sharp dip is all we get, but since typically it is a dip, then rebound, then re-test, I am waiting for that retest for a bigger buy. If none comes, it is OK, I will still do my small purchase sometime today. Luckily, did not pull the trigger at 62K...getting a discount. |
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JJG shitcoins perform poorly vs some better one's..."How dare you to mention [outperforming] shitcoins on this board, you bastard!"
Get a grip Biodom without a dome. Snap out of it!!!!!!!!! You are perhaps going luney tooney in some kind of shitcoin pumpening season and all of sudden considering that either there might be value with shitcoins or that all of a sudden they have become relevant to this thread .... or maybe you believe that the pumpening of a coin equals it having fundamental values. Whatever it is, snap the fuck out of it, and get a grip. JJG's shitcoins (of the lowest ilk) have a sign of life..."It is perfectly fine to mentions them in a positive fashion (lol-BTG-lol, ha ha ha, hee he he, wha wha wa)"
You are really appearing to be delerious.. Are you sure that you are an actual adult? For some reason I was assuming that you were an adult, but you are really showing some pretty high level of immaturity here, no? AmiNOTrite? Hmm...what's good for the goose is good for the gander.
this board should be free from JJG bitchslap from now until eternity (if shitcoin talk is kept to some minimal value).
..."or else it gets the hose again".
Actually, you seem to be devolving into such a state that either you need a biiiiaaaaatcccchhhhh slap, taken out to the woodshed (getting woodshedded) or maybe a batman slap. Not sure if there are any other options with such a seemingly out of touch peep who seems to go so far off the rails from some mere likely to be short-term (whether it takes a few days or a few decades) shitcoin pumpenings. just tired of your endless hypocrisy..and 'holier than thou' attitude that's all. "who da fuk arrr youuu" In Predator's voice |
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JJG shitcoins perform poorly vs some better one's..."How dare you to mention [outperforming] shitcoins on this board, you bastard!"
JJG's shitcoins (of the lowest ilk) have a sign of life..."It is perfectly fine to mentions them in a positive fashion (lol-BTG-lol, ha ha ha, hee he he, wha wha wa)"
Hmm...what's good for the goose is good for the gander.
this board should be free from JJG bitchslap from now until eternity (if shitcoin talk is kept to some minimal value).
..."or else it gets the hose again".
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OT: Just for reference...since I did not have any side effect and after my second pfizer shot the shoulder was not even sore, I decided to check for Ab at Labcorp (self-directed, so it cost $10 out of pocket). The result shows >250 u/ml with more than 0.8 u/ml considered positive for Ab.
I am posting this for those who did not have any (or minimal) side effects.
As you can see, there is no correlation.
EDIT: COIN is trading, currently at around $400
Hello Biodom, i got my first shot 2,5 days ago... since then there is no side effect. The doc took the injection quickly out and my arm did bleed very hard. He forgot to put a piece of cotton or any similar silly things just after taking the injection out. I was a bit worried and asked him whether the liquid went out by blood as well? He tried to comfort and convince me but i was not satisfied at all. The next shot is by the end of May. So, you made a decision to check but do not understand anything with levels such as >250u/ml and 0.8 u/ml... Do you mean that the vaccine does not work out?  re levels...nah. The purpose of any vaccine is to elicit the production of antibodies against the target, in this case antibodies against COVID's spike protein. Labcorp (with the input of CDC, I am sure) decided that to be positive for antibodies you need to have above 0.8u/ml (u=units, but they don't say what units signify, so it is arbitrary, probably some numerical value, like mkg/ml, ng/ml or something like that). My results show the level of antibodies which is about 300X of what is considered to be positive. I guess this means that the antibody level is high post-vaccination (in this particular case). This test cannot predict protection. EDIT: you have to wait 3-4 wks after the SECOND shot (in a two-shot regimen like Pfizer or Moderna) to ascertain your max Ab level. Not a medical advice, of course, I am not an MD. I don't know, but I assume that the unit they are using is the international unit. https://en.wikipedia.org/wiki/International_uniti could not find this information readily, will not waste any more time on this. Yes, it could be IU (international unit, which is numerically different for various compounds) or could be something totally different. They just like to unnecessary obfuscate things. |
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OT: Just for reference...since I did not have any side effect and after my second pfizer shot the shoulder was not even sore, I decided to check for Ab at Labcorp (self-directed, so it cost $10 out of pocket). The result shows >250 u/ml with more than 0.8 u/ml considered positive for Ab.
I am posting this for those who did not have any (or minimal) side effects.
As you can see, there is no correlation.
EDIT: COIN is trading, currently at around $400
Hello Biodom, i got my first shot 2,5 days ago... since then there is no side effect. The doc took the injection quickly out and my arm did bleed very hard. He forgot to put a piece of cotton or any similar silly things just after taking the injection out. I was a bit worried and asked him whether the liquid went out by blood as well? He tried to comfort and convince me but i was not satisfied at all. The next shot is by the end of May. So, you made a decision to check but do not understand anything with levels such as >250u/ml and 0.8 u/ml... Do you mean that the vaccine does not work out? re levels...nah. The purpose of any vaccine is to elicit the production of antibodies against the target, in this case antibodies against COVID's spike protein. Labcorp (with the input of CDC, I am sure) decided that to be positive for antibodies you need to have above 0.8u/ml (u=units, but they don't say what units signify, so it is arbitrary, probably some numerical value, like mkg/ml, ng/ml or something like that). My results show the level of antibodies which is about 300X of what is considered to be positive. I guess this means that the antibody level is high post-vaccination (in this particular case). This test cannot predict protection. EDIT: you have to wait 3-4 wks after the SECOND shot (in a two-shot regimen like Pfizer or Moderna) to ascertain your max Ab level. Not a medical advice, of course, I am not an MD. |
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Seems like $60k is acting support, $70k next?
According to my calculations we are going to skip both $70k and $80k like nothing as soon as we cross $69,420.. End station would be around $94,300 for a small correction to $87,500 and that'll be the lowest we go until 2022. Seems precise. Jolly good doge-head: anybody got 'them 6c doggs? |
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Good morning Bitcoinland. I see we're about halfway back up after a little $3k dip... currently $61345USD/$76785CAD (Bitcoinaverage). Still in the $6xxxx range. Go Bitcoin go. Bought a physical painting today. Feels much better than the NFT hype.
No freaking kidding. An actual painting beats a virtual painting just like driving an actual car beats looking at a car ownership document, swimming in a private lake beats looking at a picture of a lake, or sex with a real women beats an inflatable plastic doll. You can tell a lot by the smell. Can you still smell the aroma of the paint? Is it as nice as the smell of a new car, a lakeside breeze, or a horny woman? True, but it is a mixed bag on books. I still like physical (books also smell, sometimes enticing, sometime peculiar). Also, a look at the tome and handling it is exciting (to me). That said, I am gradually worming up to e-books, especially those which you only need to read once, which is most of them, probably. BTW, I have a physical painting with some small amount of btc inside. Is it a wallet or NFT? |
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 > woof woof |
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