[Snip]
There's no shame in burying your nuts in different places.
Er... I have never been ashamed of burying my nuts in different places I am surprised LFC didn't pounce on that one!  You rang?  Well, somebody had to! I can't help a good Finbar Saunders moment... |
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[Snip again]
It's not just that Bitcoin doesn't provide income... which is not completely true, because there are places where you can earn an interest from it.
I mean 'as opposed to stocks and gilts / bonds' in terms of collecting passive income. But I agree with you in most other respects. Especially in that I ain't ever handing over my keys for any promise of interest. Ever. |
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[Snip]
There's no shame in burying your nuts in different places.
Er... I have never been ashamed of burying my nuts in different places I am surprised LFC didn't pounce on that one! |
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What if you invest some of that %4 back into bitcoin?
Investment of an investment. Investmentception. Infinite money. *mindblown
I know you are being ironic here... but at some point you will want to hedge. That is if you ever reach your goals in first instance. Or maybe even you would feel like doing it gradually way before reaching those goals. Reaching financial independency is not just about a goal figure. It is more about safety in preserving that status. Get that (MAX) $5 million amount we were previously discussing. Having it all in one SINGLE asset (or even asset class) and NOTHING anywhere else (including no income or retirement pension) could end up being financial suicide. No matter if it is a somewhat "risky" asset like crypto, inflationist FIAT, or even a way more conservative and safe asset like real estate... because... even in the later case... what happens if there is a war in the country you have all your RE? You are fucked. A healthy and reasonably safe balance should be the goal at some point. Of course that balance is something very personal... and maybe you could be perfectly fine with $1-$2 million in conservative investments even if you have a somewhat disproportionate $100 million in crypto. OTOH having $300K in crypto and absolutely nothing else (no paid home, no fiat savings and no or insignificant income) would be bonkers... even if for SOME people that all-in "bet" ended stupendously in the past. Many others didn't make it and were forced to liquidate at the worst possible moment. (*) Some figures have been intentionally exaggerated to make my points more clear. Very sound advice, Bitserve. I agree that having a spread of safe savings that provide income away from the BTC rollercoaster ultimately makes absolute sense. Hodling Bitcoin does not provide income, it's an investment that you have to realise; whether that be incrementally, or all at once. There is a time to diversify and make sure your retirement is not dependent on any one asset, and to make sure you're safe in most eventualities. If anyone gets to have 'enough' to retire on from BTC and leaves it ALL IN, they will feel the pain of every dip severely, often to the point where they dare not cash any in during that dip. Having a decent trickle of income sorted for your retirement that you can feel comfortable with is a good thing - keeping some Bitcoin too also makes sense, but depending entirely on the BTC price after you've stopped working would not be an easy ride. TLDR: At the point when you have done well enough, it makes sense to cash some in and diversify. |
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I don’t know about Tokyo property prices.
But they still haven’t recovered from the 90s property bubble in the regions, including the ski areas. Also they have no appreciation for older buildings. To the Japanese, any building older than 20 years has zero value and has to be knocked down and rebuilt from scratch. It doesn’t help they have no fucking clue about basic maintenance. But a bit of paint and a bathroom refresh can work wonders. You might have to work out the plumbing yourself because Japanese plumbers are mostly incompetent.
Gringos don’t have these refined sensibilities and are perfectly willing to stay in a house that was built in 1995. Stupid gringos.
Pricing in Japan is fucked. A bottle of Jim Beam is $9 and an apple is $20. People focus on the price of apples and not on the price of whisky.
I am surprised, but not about them shunning the old; now you mention that it rings true with things I heard before. It does sound like an opportunity, but one that'd be relying on outsiders to make it work. Not for me, it's too far off, but it does sound like pricing is all over the place. Fucked indeed. |
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Lol fuck off, your on site gardener will live in a better place than that when you sell  Hey, I'm a doer upper. And I'm researching floating buildings so I may as well start with a disposable one. Haha! I was looking at living costs in The Philippines earlier. I thought about nutildah (no homo) & had a little look. It’s so fucking cheap. You can buy apartments in Japan for $100. The only downside is you have to live in a massive, completely empty apartment building by yourself and it’s freaky as fuck. People buy them to use as ski lodges 1 week per year. You can buy freestanding 4 bedroom houses for $10k and rent them out to gringos for $2k per week. I thought Japan was notoriously expensive, Hairy - or is that just Tokyo..? |
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[Snip]
The most bizarre thing is that what was once thought of as shit social housing is actually vastly more liveable than what's billed as an exciting modern executive luxury new build development.
A 1930s council house is rock solid and bursting with space and storage.
Social housing in the UK has always had regulations, like minimum room size requirements. New private builds have no such crazy and outdated rules. So you can have what are effectively broom cupboards that are described as single bedrooms, even though you can only get a single mattress in there if it's placed vertically. Basically you can't afford to be poor in the UK. That is if you want to buy a home with an actual decent horizontal bedroom with enough room for a shag in. The solution is simple: people just need to become smaller in size. /s That's sheer genius! Hey, you know what - I think Boris Johnson is looking for a new housing minister with bright new ideas. Actually, maybe don't apply - he would probably take it seriously and make it gov. policy |
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I am on RightMove, looking into Jaywick Sands: The New Bitcoin Utopia. Looks promising!
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[Snip]
The most bizarre thing is that what was once thought of as shit social housing is actually vastly more liveable than what's billed as an exciting modern executive luxury new build development.
A 1930s council house is rock solid and bursting with space and storage.
Social housing in the UK has always had regulations, like minimum room size requirements. New private builds have no such crazy and outdated rules. So you can have what are effectively broom cupboards that are described as single bedrooms, even though you can only get a single mattress in there if it's placed vertically. Basically you can't afford to be poor in the UK. That is if you want to buy a home with an actual decent horizontal bedroom with enough room for a shag in. |
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Legendary at last Bits erve, well done |
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But isn't a 'fluffer' someone who...
Oh, never mind.
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Why are we paying so much attention to a clearly peripheral issue? Everybody knows that @jbreher likes BSV. So what? He does not force anyone to buy it, just states his opinion (infrequently). I think that he is mistaken, but it is just an opinion. Some guys like pussy and some like something else, #nohomo. All this lambasting a fellow WO member is for naught and kind of sad to see. Reminds me of a conflict between bolsheviks and mensheviks or going even more "satirical/historical", Lilliputians and Blefuscudians. All Lilliputians should break their eggs on the small end first. Well put. I don't have personal issues with jbreher and he patently is not stupid. That said I do feel the two main forks are run by a rum bunch and I personally find CSW an utterly sleazy human being, who is in my eyes a proven liar. But that doesn't make our fellow WO member a liar - and he has the right to be mistaken, as does anyone. Jeez, I have my bag of alts, one I am very attached to (as I suspect do many here). I don't tend to shill it, I will however defend it. Each to their own. |
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Hopium:
BTC crashed from ~$19,500 in Dec. 2017 to ~$14,500 on Jan. 9, 2018. That's the day Monero reached its ATH of $542, or 0.0347 BTC.
It's likely we'll see an altcoin bubble following the next bitcoin bubble again. If Bitcoin were to reach $100K at the top of the next bubble, then crash 25% when altcoin season hits it's pinnacle, one XMR at 0.035 would carry a value of $2,625.
That is a rather sweet thought - especially as when it's only hopium for a repeat of what we have already seen before. The beauty of last time was being able to cash in something once the bubble was obviously over for BTC. I did actually sell some XMR at that point last time. I wanted to hold my stash of BTC, but I did sell a few XMR for extra BTC and then cash those in. Fortunately it was before the boating accident, too. |
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That is just absurd. Obviously we are only going to experience an 11,000% increase this time around peaking at $343,453. Indeed, that is a way more sensible figure. Some people are so ridiculously unrealiistic. |
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Well it's just gone over 0.008....
Not too shabby, eh? Looking forward to getting back to proper Monero prices again, it's about time.
That's about, ooh 70 bucks in 'old money'.
Well If you all remeber i've been buying back since Alphabay so i'm a little under water on my DCA. It will be nice to get back to fucking .03 again! But then I'm still not selling.
I learned my lesson the hard way.So did I, way back - but I just traded and traded to get the average down. And bought more, which helps if you're under water. When it did rocket up in 2016, I was sitting pretty. I hope it works out for you, and I am sure Monero will help, it does look like sooner or later it will break out properly again, it wasn't so long back it was under $40. Crypto teaches us all the discipline of patience. |
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Brilliant, but it seems it sailed over most heads here... shame on 'em |
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Well it's just gone over 0.008....
Not too shabby, eh? Looking forward to getting back to proper Monero prices again, it's about time.
That's about, ooh 70 bucks in 'old money'.
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Interpretation of LFC's intention (see bolded above) is of course his call....
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 VEGETA GAME !!!!!!$50 worth of BTC to one winnerRight, we’ve been under $9,000 for quite a while now. I think it’s time to PLAY ANOTHER GAME !!!!!!!!Ok, this time I’m going to be clear on two rules - 1.) When the price crosses $9,000 on BITSTAMP you must post a Vegeta meme 2.) I also want a screenshot of the BTC price from BITSTAMP to prove it’s over $9,000**If you post a meme but no screenshot - No win** **You must post a Vegeta meme & the Bitstamp screenshot so I can verify the time of your post against when the price went over $9,000** Thanks & good luck! |
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sorry but I was NOT over 9000  That's correct. I also thought about this. Strictly speaking, the game is still ON !!! Just looked and traded AT 9000, but not over. Still, as Jojo isn't here: AYH! |
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