I'm not as extreme as you, but close. I always buy new phones, and quite expensive ones, but I keep them for a very long time -- basically until they either die or can't do what I want. I currently have a Huawei P30 Pro (bought new for $900 in 2019). After 3.5 years it still feels like new, battery also feels like new (I'm quite puzzled by this -- how is there no degradation after 3.5 years?), its specs are great (AMOLED, 8 GB RAM / 256 GB storage), and its cameras are awesome (5x optical zoom, ultra-wide, good s/w). The way I see it, this phone should last for at least 3 more years. Still receiving security updates.
I also have that model, except that it's not the pro version, but it works perfectly well with 6GB of RAM and it's about as old as yours. I can only say that it is still in perfect condition, that I have never had any problems with it and that I really don't need to change it for at least another 3 years. Regardless of the fact that Chinese products are mostly considered to be of poor quality (which they mostly are), they also know how to make very high-quality things. Smart watches from Huawei are also top-notch, especially in terms of battery autonomy, top-quality case and protective glass. My P30 Pro is the best smartphone I've ever owned. The only "issue" with Huawei phones is that the latest models don't support Google Services (Play Store, Maps, YouTube, etc.). In fact, the P30 Pro is the last phone that is allowed to use them. This can be a big issue for many. There are some solutions to this, but the user experience is lacking compared to the real thing. |
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Those people can't be helped. They are broke and have no wealth for a reason.
I buy 3-4 year old used or refurbed Android unlocked phones for a small fraction of their new price.
My SO and I are both still on the Pixel 2. Yeah the Pixel 2, from like 2015 or so? That I bought refurbed for $250/ a phone at the time. Batteries still rock solid, cameras work great, and give all the speed and functionality we could ever need.
Will only upgrade when these phones die.
Our phone plan is $42/mo.
This is the way.
I'm not as extreme as you, but close. I always buy new phones, and quite expensive ones, but I keep them for a very long time -- basically until they either die or can't do what I want. I currently have a Huawei P30 Pro (bought new for $900 in 2019). After 3.5 years it still feels like new, battery also feels like new (I'm quite puzzled by this -- how is there no degradation after 3.5 years?), its specs are great (AMOLED, 8 GB RAM / 256 GB storage), and its cameras are awesome (5x optical zoom, ultra-wide, good s/w). The way I see it, this phone should last for at least 3 more years. Still receiving security updates. That's great, good to hear! On a side note: There are a lot of things in this world that people can own that could be considered a 'status symbol', but IMO, having the latest and greatest iPhone (or Apple watch) is not one of them. I mean, it's a fkn phone ffs. If you live in a place where people are truly impressed by the latest iPhone or Apple watch, then that's just really sad in my mind. Yes, very true. There are people who just have to own the latest iPhone, but not for the tech or innovation, but mainly to show off to others how cool they are. Phone case manufacturers even put holes on the back of their iPhone cases to show off the Apple logo. I have colleagues who are quite poor and in debt, yet still buy $1000+ iPhones/Androids every year using monthly installments (no cash to pay upfront). It's just so sad to have to own an iPhone to feel cool... |
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Those people can't be helped. They are broke and have no wealth for a reason.
I buy 3-4 year old used or refurbed Android unlocked phones for a small fraction of their new price.
My SO and I are both still on the Pixel 2. Yeah the Pixel 2, from like 2015 or so? That I bought refurbed for $250/ a phone at the time. Batteries still rock solid, cameras work great, and give all the speed and functionality we could ever need.
Will only upgrade when these phones die.
Our phone plan is $42/mo.
This is the way.
I'm not as extreme as you, but close. I always buy new phones, and quite expensive ones, but I keep them for a very long time -- basically until they either die or can't do what I want. I currently have a Huawei P30 Pro (bought new for $900 in 2019). After 3.5 years it still feels like new, battery also feels like new (I'm quite puzzled by this -- how is there no degradation after 3.5 years?), its specs are great (AMOLED, 8 GB RAM / 256 GB storage), and its cameras are awesome (5x optical zoom, ultra-wide, good s/w). The way I see it, this phone should last for at least 3 more years. Still receiving security updates. |
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I must confess something. I stopped caring for BTC's price somewhere in 2022. Then I realized BTC won't change my life the way I hoped. The reasons are not related to the current low price. The problem is my country. There is no such thing as an early retirement. I have to wait until I am 65 years old if I want to get a pension. And this is 15 years away from now. So, I can't quit my job even if were a billionaire. I can't count on the value of my stash for my everyday expenses. The big money can be spent in a matter of days. Easy come, easy gone. So, I have to keep working, which is not so bad actually. I even work at a 2nd place 300km away and travel once per 2 weeks excluding winter and summer, when I am on vacation. So, what can Bitcoin give to me - just a better protection against the inflation and that I could buy anything essentioal for me and my family. This is good of course, but way too far from my dreams of travelling around the world and buying beachfront villas... I did everything I could - even being all in for the last bear cycle. So, for me this is kinda dissapointing. But I learned to be happy and live without watching the price every day, feeling bad for the crashes. I will continue DCAing if the price is under 20K but not above. I reached my stash goal which can allow me to live without any concerns. I think it is better this way than to harbour false hopes and live with fears.
Hmm lots to say about this post … but also lots of Meh… Everyone with even way less of billionaires status can retire at birth… If indeed current stash is there and the price would be high, lots of opportunities like buying worthy things in RL… With that and a stash of corn, retirement is a sure thing! Don’t know what your goal was… but when a stash is worth from double or more digit millions then opportunities are behind every corner. Also in the world of today even pensions can fall away …. Not the same for everyone, but I would agree that $10M or more would be a reason to quit a job you don't like and self-retire early. In many countries, one can be self-insured by paying the government a monthly amount, which allows one to be unemployed but stay insured and receive the same benefits (medical, future pension, etc.) as a fully employed person. Of course, one has to be able to keep paying for 15 years (in ivomm's case), which cannot be guaranteed (as things stand now) by a small Bitcoin stash. With Bitcoin price hovering in the $17k region, one would need to have 589+ BTC to be able to securely self-retire with the equivalent of $10M+ of fiat. The fewer coins one has, the riskier it gets. Sometimes life makes these choices for us, e.g., being a coiner and losing your job enables/forces you to take more risks in attempting to use your coins to survive. But having a decent job makes it more difficult to quit (and increase risk), unless you have lots of coins (which reduce risk). I don't agree with ivomm's "easy come, easy go" comment for someone's Bitcoin wealth. It depends on the individual. If you can't control your finances and are desperately craving to live the high life, then sure, you can spend millions in one year and lose everything. But it's not the same for everyone. I still own a Toyota, while I can easily buy a much more expensive car. But I don't need to. My priorities are different. Taking into account that the above mentioned number of 589+ BTC will very likely drop significantly as Bitcoin price rises in the (near) future, HoDLing and/or DCA'ing becomes all the more important strategy for many of us low- to mid-level marine species out there. At a price of $100k+ (say, sometime in 2025), that number becomes 100- BTC, which makes things much easier for many of us. Looking fwd to 2027+, when we will have so much fun reading these posts...  |
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Good post from Jay...
I'm also in favor of DCA and would recommend it to noobs (and everyone, really).
Having said that, and knowing what I know now about this space, and considering the current Bitcoin price and time point relative to the Halvings, I'd say to the brave ones to go all-in, if they have the guts. Had I gone all-in back in 2015 when I started, my stash would now be at least 10 times larger.
But yeah, DCA is the safest approach. Win-win really.
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Well from my understanding sending BTC to the Genesis block is like burning your BTC - accordingly, by design, coins in the genesis block can never be spent. The bitcoin genesis block is the ONLY block that had been created in such a "never can be spent" way. Yeah until the developers decide to take the coins out and use them to reward miners in say 2056 If this ever happens, it will be the end of Bitcoin. Why ? I would argue bitcoin is heading towards a major fail due to rapid 4 year ½ 's vs 8 year ones. Anything to stretch cycles benefits BTC. doing nothing makes doge look better in 2056 or 2076 than BTC. I will be 99 to 119 in that timeframe it does not matter too much to me. But the 4 year cycle time will cause abandonment issues in under 53 years ie 2076. and ltc/doge looks like the natural replacement. BTW BTC now has LN which has nothing to do with BTC but developers added it. BTC also 2x its block size and will possibly go 16x its current size down the road. I'm not against improvements to the Bitcoin protocol, changes to the code, additions of features, changes of block size as and when needed, security improvements, etc. All this is welcome and even essential to maintaining the viability of the protocol. It is already happening and will continue to happen in the future, and that's a good thing. But taking ownership of coins without having the private keys (effectively bypassing the very algorithm that secures our coins in the blockchain) is VERY dangerous business and (IMHO) should NEVER happen. If what you have suggested (taking ownership of coins by hard-coded bypassing of the private keys and rewarding miners) ever happens, then what's going to stop Craig S. Wright from taking the Core developers to court (again and again, until he wins), demanding they transfer ownership of Satoshi's coins (or any other coins) to him because of "reasons". Sooner or later, a tech-illiterate judge will cave in and legally award CSW ownership of a boatload of coins, and thus force Core devs to change the code to transfer ownership to him. If the Core devs have already done this for rewarding the miners, this sets a dangerous precedent that the judicial system can use every time TPTB want to confiscate any coins they decide should not belong to the private key holders. IOW, there may be a time when our hard-earned coins end up being "coded out" of our wallets without our consent, without needing our private keys, and for whatever reason. This should NEVER be allowed to happen. If Michael Saylor loses his private keys, his 100,000+ BTC will be gone. And they should be gone. There should be absolutely no way to bypass the algorithm and regain ownership of any coins without the private keys that secure said coins. If this is ever allowed to occur, it will mark the end of Bitcoin as an immutable, trustless, unconfiscatable store of value. |
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Well from my understanding sending BTC to the Genesis block is like burning your BTC - accordingly, by design, coins in the genesis block can never be spent. The bitcoin genesis block is the ONLY block that had been created in such a "never can be spent" way. Yeah until the developers decide to take the coins out and use them to reward miners in say 2056 If this ever happens, it will be the end of Bitcoin. |
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Very interesting. Thanks. |
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This LukeJr situation is just so bizarre.
How does a dude get pwned so badly, so many times, in such a short period of time?
Figured he was way smarter than this.
Something is super fishy.
Agree. It looks more like a boating accident to me. If LukeJr has lost 200+ BTC in that way, what hope is there for the average tech-illiterate coiner? Made me check my cold wallet balances. It's all there. |
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There's no need to perform Fourier analysis on the data in that picture, to see that the fundamental period of Bitcoin's clock is 4 years / cycle... Yet, there are still (always will be) self-proclaimed "market analysts" who keep on drawing lines on graphs and performing all sorts of magic tricks and numerology, trying desperately to predict Bitcoin's short-term price movement. Good luck to them, and to those who believe them. For the rest of us, 4 years / cycle is all we need to know. HoDL. |
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Happy New Year, guys 'n' gals!
Stay healthy (a sick coiner is no fun), stay crazy (you wouldn't be here otherwise), keep batslapping/rustypiping the no/shitcoiners, and FFS, stay OFF-topic!
This is WO, this is how we like it, this is fine!
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 Apparently there are 3 prevailing theories for the direction of BTC. 1 BTC tanks further and doesn't recover to a new ATH until 2028 2 BTC has bottomed and we make a new ATH at the end of 2024 and peak bull in 2025 (traditional cycle) * 3 BTC hasn't bottomed (a black swan event causes further declines) but we still make a new ATH at the end of 2024 and peak bull in 2025 (traditional cycle with a near death experience? lol) * bitboy's prediction. It's a lot of sideways and maybe some down followed by some up. HODL I think scenario 2 or 3 are most likely. I’m leaning towards scenario 3, I think more pain due to the situation the world financial markets are in. The US haven’t even admitted we’re in a recession yet. I agree. Scenarios 2 and 3 are the most probable, with 3 being the one I'm preparing myself for. As for the years he mentions (for 2 and 3), I believe they are spot on (i.e., ATH in late 2024 and mega-bull in 2025). Scenario 1's ATH/bull of 2029-2030 is far too bearish and will be a total break from the 4-year cycle. We are talking about 2-3 years of waiting, which is nothing really. And if scenario 3 is the one that plays out, 2023 will be the perfect year to accumulate cheap corn. |
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Adding to Antisthenes' list of privacy tools: VeraCrypt — A free, open-source (any closed-source encryption tool should be considered as compromised) encryption software for Windows, Mac OSX and Linux. |
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AI's rendition of an overclocked PC case...   Source: reddit |
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Season's Greetings to all WOers!
We may be a little lower that many of us had predicted for this time of year ($17k vs. $100k+), but a true WOer knows that GTCTTWW.
Be well, love and be loved, enjoy yourselves, and... HoDL!
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Just For Fun  Brain Test: if you have an eagle eye then find the word ears in 30 Second. [image with solution shown below] Easy. 9 seconds. Algorithm: font is proportional, so the line with the word "ears" will likely be of different length than the others. Scan the last column and spot the anomaly. If found, you've located the line. Scan that line only, to find the word. If there is no anomaly, keep scanning the remaining columns as usual (slow search).  |
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Salutations gentlebeings [...]  [...] That's so cool Toxic, thanks for sharing some personal stuff/experiences, always nice to put a face (OPSEC-permitting) to a great WOer. Keep it up! |
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He will end up being very well hung  I'd say an electric chair shock for every person who lost BTC on his scam website/system. And another 10,000 more, just because of his face.  No need. The pain they are experiencing is orders of magnitude greater.Edit: Typed too fast. Now I got what you meant. Yes, by all means. Fry the fucker. As for those who lost BTC, they got a painful education on how to be your own bank. |
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