I'm still working, mostly because it's funny to not really care and be truly honest with people. And let's face it: I am too lazy to try and figure out how to sign up for my own health care.
So far they are thinking of promoting me, which would be bad.
Yes, Office Space is oddly accurate.
I decided not to seek any promotion as well, but re medical: it is prohibitively expensive to get one because they count LAST year wages to see if you qualify for ACA subsidies, and if you earned a decent amount-forget about it (unsubsidized ACA is a b-word). Barring some truly crazy numbers from btc, I might still work until around 65, give or take (if i live that long, of course). A small anecdote of a complete f-kup at our org: admin decided to institute a 12% decrease in total compensation. Yes, a decrease. On a top of this, there were NO raises in the last 20 mo for everyone, but admin. Add the dictat by law saying that we cannot unionize, everything is the opposite of peachy with absolutely no recourse. Bitcoin to the rescue. |
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So it's an imaginary ownership of a factitious house. Wow. Seems legit.  The SEC are going to have a field day on these idiots who are actually buying up these items thinking they are being hip and in the now for crypto. Little do they realize everything can come crumbling down on their heads if ethereum (the chain they are being traded on) comes to a dismal end for whatever reason their developers claim to have happened whether it be a hack, a crack or a rack. You who are in the know on cryptoisms are on to what I am am saying.  Look, I stole a NFT with this code I wrote Not any more that copy of bitcoin "coin" image is bitcoin. Not everybody understands art anyway, I am not a connoisseur myself either, but some WILL be valuable. It's just very difficult to say which one would be. I still think that @xhomerx10 should make WO hats into an NFT (see my prior post) and who knows, maybe more nfts will come out of here eventually. I saw your post about that while working night shifts. Honestly, I don't know anything about NFTs or how you would make and profit from hats as NFTs - guess I have to do some research! Sure, but start with the end result (albeit, I doubt it would be THAT much now, maybe in 100 years as a part of a "legend of WO"): https://www.nytimes.com/2021/02/24/arts/design/christies-beeple-nft.htmlHow to make nfts out of images: https://www.youtube.com/watch?v=zZvHfB3NC8wEDIT: a more detailed article: https://www.coindesk.com/how-to-create-buy-sell-nftsI think that it could be interesting (with lots of caveats). |
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So it's an imaginary ownership of a factitious house. Wow. Seems legit. The SEC are going to have a field day on these idiots who are actually buying up these items thinking they are being hip and in the now for crypto. Little do they realize everything can come crumbling down on their heads if ethereum (the chain they are being traded on) comes to a dismal end for whatever reason their developers claim to have happened whether it be a hack, a crack or a rack. You who are in the know on cryptoisms are on to what I am am saying. Look, I stole a NFT with this code I wrote Not any more that copy of bitcoin "coin" image is bitcoin. Not everybody understands art anyway, I am not a connoisseur myself either, but some WILL be valuable. It's just very difficult to say which one would be. I still think that @xhomerx10 should make WO hats into an NFT (see my prior post) and who knows, maybe more nfts will come out of here eventually. |
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Thinking about recent price action, and that it seems institutional buying has slowed compared to Dec/Jan, I think it's possibly we might not even get a peak this year.
Grayscale has slowed down substantially, granted there are now more and cheaper paths to access bitcoin now as compared to end of 2020, but institutional buying does seem slower than a couple months ago. And I'm saying that is a good thing! Institutions are clearly continuing to come in, but they aren't FOMOing. And retail market is nowhere near mania FOMO levels either.
Institutions seem to get wary any time price jumps significantly, and probably feel more comfortable buying in when the price isn't hitting ATHs. Given that it seems we're getting a decent correction every month, the market overall seems to not want to allow parabolic runs to go too high and become unsustainable. Unsustainable parabolic moves is how we get blow-off tops and crashes. With a more mature investor coming into the market for the first time this cycle, it is definitely possible we don't get a huge blow-off top this year, but instead just a gradual grind up in price in a way that lasts far far longer.
This could be how a super cycle plays out - years of grinding up, with very regular corrections to keep price appreciating in a stable manner, and institutions gradually moving in more and more whenever they feel price hasn't gone up too much recently, and some of them taking a little off the table when they feel it has gone up too much, as compared to the past cycles of mass retail FOMO leading to huge blow-off tops and crashes and crypto winters.
Thoughts?
Naah, it looks less likely. We just had a 1 day more than 10% drop on some vague "someone sent 1 bil to exchange" info. It does not behave like a mature market. Maybe at $5 or 10 tril it will be one. |
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The fact that Musk calls his CFO a master of coin (in a SEC filing, lol) is interesting.
When something under your control is just 7-8% of your assets, you are not called a master of that, but rather a bigger "domain".
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<a bunch of blabbering snipped>
^Does this person/entity have to insert himself (or itself) into each nook and cranny on WO? Asking for a friend. |
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Semi-serious proposal: Hat master (or someone else) should make a collage of WO hats, arranged in artistic manner (maybe this could be decided from several options) and post it on some NFT platform for some ridiculous $ price (no less than $100K starting, maybe more), which will be probably matched when btc hits 100K or 250K or 1000K. Time is on our side. Some credit should also go to three other notable contributors: 1. The one who first arranged hats in a linear (square) fashion (I am so sorry, I can't remember who it was and no time to check multiple pages back) 2. The one who arranged them all on a train-that was funny. 3. the hats as a meme suggester. 75% to the hat master, 10%-linear arrangement and compilation dude, 5% to the train idea dude, 5% to whoever first started talking about hats as a meme (was it el_duderino?), 5% to the WO 100K party fund (or 500K fund). Numbers could be debated: 0-5% to me for the idea to make a nft out of it....jk  |
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the bottom is in. where is Bob buying into the dip with fresh printed dollars from his basement?  Not exactly liking this seemingly abortive ant-like extension (to 61.7) of the prior high (58.2), but, whatever, maybe it's just some churn. Thinking about which nifty to buy, Last time I checked, there are some pixels available for sale. Unrelated: when we are going to have 3080ies available for a decent price? WTF? It's good for those who want to peddle 1080ti on ebay, but I don't have any to spare, lol. |
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Or, as history shows, will see a lot of Nimitz class aircraft carriers suddenly moving in its direction. But first one needs to take one for the team, then critical mass will follow, but we're few years from that I seriously doubt it if China, Russia or EU do it. Then again, if it is a country which starts with "I" and ends with "n" or another cough-NK-cough, then, sure, it's quite possible. |
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Ahem, if someone has a current $36 mil btc position, why $70K shaving off would have any significance to their plans? It wouldn't as it's basically ant's food amounts. Listen to this, maybe finally you learn something useful: https://youtu.be/wnQJ8ROyhrM?t=1545Alas, you just don't get it after all those years, but hope springs eternal. <snipped> So yeah, you are trying to suggest that you are supposedly correct with whatever the fuck that you are doing in terms of still wanting to accumulate coins but failing/refusing to disclose some of your detailed strategy but such strategy seems to involve quite a bit of anticipating and hopening that the BTC prices do not go up more or that BTC prices go down more because you failed and refused to stack enough BTC when the BTC prices were lower so you are regretting that you are not pee pared enuff ur lil selfie.. so since you are so fucking nervous about the inadequacy of your BTC stash, you are thinking that everyone else (including your truly and other peeps who are active in this thread) need to feel as nervous as you about not having enough coins.. blah blah blah, and contrary to your presumptions and assertions a decent number of the peeps who have been active in this thread, including yours truly, did pee pare our lil selfies for UPpity, and even some of us truly did stack way the fuck too many coins too early... too bad that you were to preoccupied with down or flat rather than adequately and meaningfully preparing for the UP that ended up playing out. Sure, I understand that bitcoin is so generous, so even whining and pointing the finger at others fucks like yourself who try to act like they are adequately prepared for UP, you are still rewarded because bitcoin is quite generous in terms of its UPpity, so even if you make mistakes by NOT getting enough bitcoin, bitcoin still rewards you with whatever inadequate supply that you had created for yourself. So I am not even proclaiming that you do not have a decent amount of coins or that you are not profiting from your coins, but the fact of the matter remains that you did not adequately prepare for UP and you are regretting such lack of preparations even if a lot of your understanding of your lack of preparedness for up is in a kind of denial status.. because you deny stock to flow, but now you are realizing that BTC's price is following stock to flow but you anticipated that BTC prices would be at $10k-ish or less than $10k.. but too bad, they around 6x higher than you expected.. and you do not have enough coins that you can shave some off without getting all fucking worried about not having enough coins. sucks to be you.  Why do you think that you know anything about my situation? It all a bunch of baby-talk gobbledygook. You try to read too much into people and it is misfiring 100%, at least in my case. |
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Ahem, if someone has a current $36 mil btc position, why $70K shaving off would have any significance to their plans? It wouldn't as it's basically ant's food amounts. Listen to this, maybe finally you learn something useful: https://youtu.be/wnQJ8ROyhrM?t=1545Alas, you just don't get it after all those years, but hope springs eternal. |
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-multisnips-Biodom, it's not the first time you use the word 'bearish' to define JJG's ladder system. Why would you characterize it so?
I just do not want to criticize too much, to each their own. you would be able to borrow against btc stack, which M. Saylor keeps bringing up, but not many on WO are listening. Such loans are typically used by high net worth individuals (HNWI) against VTI, VOO, SPY, and other whole or broad market ETFs. Thank you. You got me thinking, especially about the loan thingy. I'd be glad to know more about that. Any pointers will be welcome. Fidelity: https://www.investopedia.com/fidelity-will-accept-bitcoin-collateral-for-cash-loans-5091879Basic rate is high, 4.5%, but i am sure this will go down. I would be shocked if Coinbase would not do the same soon after the IPO. Personally, i would never go above 20% LTV, maybe just 10% (in case of our typical 80% drawdown). The advantage-NO cap gains tax. In fact, maybe deductible interest (or not, hard to say) Borrowing Against securities (better rates right now): https://www.schwab.com/pledged-asset-lineLibor is 0.11%, so the best rate is 1.86%. Say, you've got, hypothetically, $10 mil of VOO. You borrow $ 3mil. Your interest (to pay) is 3000000X0.0186=$55800 yearly However, $10mil in VOO generates $152000 yearly in dividends. End result-you borrowed $3 mil to do whatever, it effectively cost you nothing (well, a decreased divvy). Yes, you would have to pay the principal at some point, but you can use divvy remainder to do that plus VOO goes up roughly 10% a year, so the loan basically pays for itself (if stock market performs). That's why rich can have a cake and eat it too, lol More: https://www.wellsfargoadvisors.com/why-wells-fargo/products-services/lending/securities-based.htmYes, best rates are for those with lots of assets. Ret accounts are NOT eligible, though. Mind you, I have done nothing of the sorts so far, but I am studying the question (after Saylor's remarks). Ahh leverage, good idea, as long as markets keep going up 10% every year. How many months would it take to completely loose everything once market starts moving against you? Get triple whammy lose premium, your collateral gets reduced, and you get slammed with a tax bill once you're liquidated. Leverage is no panacea, despite what YOLO generation might say. Duly noted, hence don't borrow 70%, borrow 10-20%. The main point is that selling the best asset in the history of earth for rapidly diminishing in buying power fiat is stupid, and I stand by that. |
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I prefer the opposite, slowly selling my fiat in lieu of btc. Not 100% as Raoul Pal did, but close enough.
Using shitcoiner Raoul Pal as an example about what to do.. give me a fucking break. I think that he said that he moved 100% of his net worth to cryptocurrencies with 80% of it being bitcoin. Now he is a shitcoiner? Give me a break. I sure as heck would not besmirch anybody who left fiat almost entirely. Arguing about who is 100% "pure" or not is not productive. Clearly, bitcoin does not cover 100% of ALL use cases. Maybe for money, it does. |
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Fricking paywall shite no? use uBlock origin instead of adblock plus and it would work. |
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So we did get up and over 60k.
I would like to think we pass
$77,777.77
soon 🔜 maybe by April 1.
Well, 7 represents "harmony" in Chinese, a combination of yin, yang and 5 elements (metal, wood, water, fire, earth). Then, number eight corresponds to a lucky number meaning to "generate wealth". So, 77777, followed by 88888, then I could live with that. #source-Wikipedia |
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@JJG,
Dude, now you become unhinged and it shows.
Something is seriously wrong with your strategy if it causes you to run around yelling at people for no reason.
It is not even funny despite all that exaggerated baby talk.
Maybe take a day off and recuperate, ffs?
js
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Are we in one of pseudo-stable periods for btc?
I think that a synonym would be "stalled" It is possible, but honestly, I don't get the hesitation at 58K, it's a number of no clear significance.
Maybe it harks back to the 53K number, which is a $1 tril market cap.
Obviously, we are over that one, but not by much.
None of them mean shit. My first quoted statement is a question with a pseudo- prefix, that's clear to anyone with a bit of reading comprehension. Second statement is a description of the current (then) action and my surprise about the numbers. The rest is a product of your active imagination and unnecessary projection. For a guy who suppose to have buying/selling all figured out (on Excel), you seem to be overly sensitive to market minutia and people's opinions about it. You are not on 10X margin, are you? That would be sad. |
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