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Broke through $5900. Lets see if we get a stop hunter bounce back over.
Edit: here's the wee bounce. I dont think it will get far though.
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I stopped buying above $6k a few months ago.
Looks like I am going to get a chance to re-enter accumulation phase.
I’m stoked. Sending first round of fiat to exchange now. I’m aiming for the next halvening at this point.
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If the Bitmain IPO goes ahead, we know their monopoly has been broken.
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Welp this looks a bit shit
That overlay was not accurate. The 2014 to the absolute low in 2015 was well over the 7 months [13 months actually]. Our current move from December 2017 to June 2018 has only been 7 months.
Hence the term “accelerated”. Doesn’t matter I have held in the past and can do it again. |
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Welp this looks a bit shit. If we don’t bounce we can bin this accelerated 2014 model.  |
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More upward charts all the way down. Lets go.
Yeah well I was waiting for a re-test of $1242 when we broke $2k. Don’t think I am going to get it. |
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The trend line remains intact on Bitstamp  |
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We do seem to be tracking frightfully close to the accelerated 2014 model.  |
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There is a strong correlation between conspiracy theorists and low cognitive capability. Make of that what you will.
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What we need is a hovercraft with an EMP
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Qatar has slavery for poor foreigners (Filipino maids and Pakistani construction workers) so it’s a bad example. Much of its wealth is built on human rights abuses.
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I think he worked at google right? That would make for it yeah. Also probably he is older than he looks like (in fact in recent pictures he does). A million dollars isn’t that much in the scheme of things. That’s half a house in Vancouver, Canada. Probably a third of a house in Silicon Valley. It’s not even a downpayment in London unless you are an hour from the City. It's not that much if you need to be in one of those places you listed. Where, if you are, you will be paid well enough to be able to afford it (out of necessity) but will still only have a lifestyle on par with someone making 1/5th of your salary elsewhere. A really comfortable retirement starting at age 30 only requires about 2 million though. So it's not that a million is a small amount of money so much as it's that the particular examples you gave are WAY overpriced. For reference you need about 7 million dollars in assets to be in the american 1% and about 3 million to be in the global 1% (those figures assume that you have only assets and no income). But yea there is a sense in which you are absolutely right. A lot of very financially illiterate people have very bad misconceptions about what a million dollars means. They will play a lottery that promises to pay out a million dollars and think if they could just win than they could live like an elite and never have to work again, which of course is not even close to accurate. It's also why everyone who wins the lottery blows through it all in a couple years, they think they won WAY more than they actually did. Still, having a net worth over 1 million with less than 30 years is a great start. And not something that usual even if there are places where $X00.000 salaries are frequent. The other day I was reading some article that states that there are many people making those salaries and living from paycheck to paycheck with almost no savings beyond 401k. Here is the article: https://www.cnbc.com/2018/03/06/budget-breakdown-of-a-couple-that-makes-500000-a-year-but-cant-save.htmlI supposse there must be a lot of exaggeration and sensationalism in it, but still..... The biggest joke in that "budget" is buying the car with credit.... If their only investment is their house and their 401k, they seem to have considerable room for savings and investment in other things such as bitcoin. They are in no fucking way struggling with 3 vacations a year at $18k, for example, and also each of them is maximizing their 401k, which seems to be pretty smart and a decent set up for continued prosperity, too. They would be able to do quite well with even 1/3 of that salary, between two peeps. Yes there is a lot of fat in there that can be cut. $18k a year on charitable donations beyond their means. Likewise they don’t need a 5 series as their second car and the kids expenses seem a bit out there. Their life insurance looks awfully cheap though. Also tax must be calculated wrong. They don’t pay 40% on all of it, only the bits in top bracket. |
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Why did the developer cross the road?
Because he wanted to exit scam
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All that is necessary for the triumph of evil is that good men do nothing
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What about shit that I don’t know that I know?
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The gox trustee isn't allowed to dump any more coins unless the court orders him to. The last dump was because the court decided he needed more money to pay interest on all the fiat owed.
The trustee says he's almost sure civil rehabilitation will be approved, which means all those owed Bitcoins get paid back in Bitcoins. Although there might be another sale of a relatively small number of coins the vast majority are likely to get returned to gox's customers. Yep, seems that way. If it goes to CR, we'll probably be looking at a year or more of lockup while all the claims are reassessed. If we get CR, a lot of involuntary holders will likely dump at least a portion of their coins. |
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I think he worked at google right? That would make for it yeah. Also probably he is older than he looks like (in fact in recent pictures he does). A million dollars isn’t that much in the scheme of things. That’s half a house in Vancouver, Canada. Probably a third of a house in Silicon Valley. It’s not even a downpayment in London unless you are an hour from the City. |
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