You are correct that it seems that we are going in circles, yet I must clarify my understanding that "living with in your means" and "living large" are NOT mutually exclusive concepts.
In fact, it is my sense that "living within your means" can ensure that you are ABLE TO "live large" for a very long, long time.. b/c you did NOT blow all your wadd in blind exuberance.
Good luck on getting to your 5m target, and good luck to me on my 20m retirement fund. Lets meet in 10 years on an island somewhere  Bitcoin might not make us rich. May be something else, like crypto google or crypto facebook. |
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Any of you watch Turkish teams? Beşiktaş is great this year. They passed Feyenoord in CL qualifications but they have no chance in drawings. They found the best team again, Arsenal. It's very hard to eliminate Arsenal, probably they move on to Europa League. Today in friendly they won against both Fenerbahçe and Chelsea 1-0. Matches were 45 minutes, it was for helping Soma incident.
Besiktas has no chance against Arsenal. It would be funny though if they prevail and knock out Arsenal. Wenger might actually start trying more than getting the 4th place trophy. Besiktas has got Ba too, fingers crossed. |
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I want it to go down to 500 at least. Have some reserve fiat too in case it goes down to 400.
I do not mind it going up either, as a rapid rise is inevitable followed by a fall.
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I will need at least 20-30 million to retire, otherwise it will not be a fun enough retirement. Considering the number I hold, Bitcoin has to go through massive bubbles to achieve this Right now just look it as disposable extra money which is a bonus to my normal income. Either you must be a kid - who has NO real idea or experience(s) regarding the life-draining aspects of working (of course there will be some variation in the degree to which work is life-draining), or on the other hand, currently, you may just be a work-a-holic who thinks that a person gets meaning through work? On the other hand (am I running out of hands?), you have a real high standard of living (and you believe that you need to continue to maintain such). There are a lot of ways to retire on much less than some abstract $20-30 million - just consider that $1 million can generate about $4k per month gross in interest (or appreciation), and $10 million can generate 10X that. Most people can figure out a way to live fairly comfortable between $1 and $10 million, and certainly, there may be reasons that a person has preferences to have a monthly income higher than $40k - but to me, as I already explained, it seems a bit pie in the sky or maybe motivated by other unstated reasons to feel that you need to acquire more than $10million. I am not really an workaholic, but I do somewhat like the work. I know once I give up work there is no turning back. The point is if I take the step it has to be really worthwhile, and enough reserves so that I don't have to think about working again. But really, $20-30 million? Even $5-10 million of assets generating passive income of $20 to 40K per month and then you can do whatever you like, pretty much... Beyond $10million, just seems to be overkill, unless you have a specific reason for such. But there can be unforseen risks. Some of my investments might tank, there might be a big crisis. 10m is fine, except that I want to be doubly sure. Once I get addicted to that lifestyle there is no coming back. HELLO?  ? That is why you live within your means (live within the means of the passive income of the investment), and diversify the principle and possibly even continue to reinvest a portion of your income (meaning do NOT withdraw it). The extent to which you draw into your principle depends in part on your expectations and calculations regarding how long you expect to live or how many years you will be needing to draw income off of the principle. You should be able to easily live within your means between $5 and $10 million (that is between $20k and $40k per month).... If we are talking about amounts below $2million (b/c that would be less than $8k per month), then it may become a little more difficult, but it should be considerably manageable to figure out a way to live within your means and to allow the principle to continue to increase in value - especially when we are getting into the $5million and above arenas. In any event with $5 to $10 million in principle, you should be able to figure out a way to live off of half of the interest (that is between $20k/2 and $40k/2 = $10K and $20k per month). therefore, the principle will continue to increase in value, and you can continue to increase the amount of your withdrawal as your principle continues to grow. Then you will have more money later in life and also a cushion and also the principle to fall back upon for your final years. I repeat that if you need more than $10million as principle, then you should specify a reason for such need for more b/c merely stating that there could be unforeseen risks means that you have failed to adequately plan and/or to diversity and/or to live within your means. We are going around in circles. I do not mind my work, actually somewhat like it too though I keep complaining about it the whole day, and try to sneak in as many breaks as possible. If I have to retire it will be to live large, not within my means. |
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Anyone else thinks ronaldo di nazaraio was the best ever?
I agree with you. He was the best striker ever. Too bad he had all those problems with his knees. I liked the fat Ronaldo. Much more likeable than the current greaseball look-at-me Ronaldo. Remember fondly the goal past Kahn on the rebound. Showed some proper poaching instinct. |
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I am on there too, and now have a modest total. I think it is a very good concept, and it is certainly fun to see balance increasing every Saturday. The only problem is that it is issued on Counterparty which is slow and cumbersome.
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This is a clusterfuck of a distribution. I will be surprised if it gets adopted well. The community here does not look kindly to botched distributions, unless it is technically very innovative.
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They look like dolls, with smooth skin  I never had an Asian girl like this, never had an opportunity. Besides, I am not sure how to go about it considering the cultural barrier. |
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I do not mind doing that, as I waste most of my day surfing anyway. So there is that guilty feeling at the back.
A couple of times I have needed to get in on the weekend, do not mind it.
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Its also a lot of fun, especially once you note who the serial trolls and FUD spreaders are. There was also this one guy who was acting as a contra indicator. Everytime he sold price rose and the opposite happened when he bought.
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Actually right now if I invest I will probably get some of these 2.0 coins. Risky, of course but also potential for big rewards/ It will also allow me to hedge my bets in case one of them goes big and challenges Bitcoin.
I don't know... What are the benefits of these new "2.0" coins? NXT and Bitshares look very promising. Then there is this Ether business. I do not know if they will be any good, but if one of them get real big I would not like to be kicking myself. If they instead fail and Bitcoin goes strong then I look at my investment in them as an insurance fee. |
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Malaysian Airlines is screwed now through not much fault on them. Anybody flying with them will have a second thought, and will prefer a different carrier.
I was in a plane the other day and saw from window a Malaysian Airlines plane from the window, and the first thought that came to my mind was this disappearance.
Is this what you think of when you see the Goodyear blimp?  I am hardly riding that thing. I am not saying it is the main factor, but it will play on the minds of potential travellers. Given comparative prices they will pick a different airlines. |
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Malaysian Airlines is screwed now through not much fault on them. Anybody flying with them will have a second thought, and will prefer a different carrier.
I was in a plane the other day and saw from window a Malaysian Airlines plane from the window, and the first thought that came to my mind was this disappearance.
They need to completely remake their business model or they're going straight towards bankruptcy. But I believe its one of top Airlines in the world and have very strong financial bank ground so they are not going to bankruptcy in near future More than that they need a rebranding. Maybe even a token sale and change the name, logos, colours. Air travellers are a spooky sort, and unless they offer massive discounts over their rivals I can see them suffering. |
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I will need at least 20-30 million to retire, otherwise it will not be a fun enough retirement. Considering the number I hold, Bitcoin has to go through massive bubbles to achieve this Right now just look it as disposable extra money which is a bonus to my normal income. Either you must be a kid - who has NO real idea or experience(s) regarding the life-draining aspects of working (of course there will be some variation in the degree to which work is life-draining), or on the other hand, currently, you may just be a work-a-holic who thinks that a person gets meaning through work? On the other hand (am I running out of hands?), you have a real high standard of living (and you believe that you need to continue to maintain such). There are a lot of ways to retire on much less than some abstract $20-30 million - just consider that $1 million can generate about $4k per month gross in interest (or appreciation), and $10 million can generate 10X that. Most people can figure out a way to live fairly comfortable between $1 and $10 million, and certainly, there may be reasons that a person has preferences to have a monthly income higher than $40k - but to me, as I already explained, it seems a bit pie in the sky or maybe motivated by other unstated reasons to feel that you need to acquire more than $10million. I am not really an workaholic, but I do somewhat like the work. I know once I give up work there is no turning back. The point is if I take the step it has to be really worthwhile, and enough reserves so that I don't have to think about working again. But really, $20-30 million? Even $5-10 million of assets generating passive income of $20 to 40K per month and then you can do whatever you like, pretty much... Beyond $10million, just seems to be overkill, unless you have a specific reason for such. But there can be unforseen risks. Some of my investments might tank, there might be a big crisis. 10m is fine, except that I want to be doubly sure. Once I get addicted to that lifestyle there is no coming back. |
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I will need at least 20-30 million to retire, otherwise it will not be a fun enough retirement. Considering the number I hold, Bitcoin has to go through massive bubbles to achieve this Right now just look it as disposable extra money which is a bonus to my normal income. Either you must be a kid - who has NO real idea or experience(s) regarding the life-draining aspects of working (of course there will be some variation in the degree to which work is life-draining), or on the other hand, currently, you may just be a work-a-holic who thinks that a person gets meaning through work? On the other hand (am I running out of hands?), you have a real high standard of living (and you believe that you need to continue to maintain such). There are a lot of ways to retire on much less than some abstract $20-30 million - just consider that $1 million can generate about $4k per month gross in interest (or appreciation), and $10 million can generate 10X that. Most people can figure out a way to live fairly comfortable between $1 and $10 million, and certainly, there may be reasons that a person has preferences to have a monthly income higher than $40k - but to me, as I already explained, it seems a bit pie in the sky or maybe motivated by other unstated reasons to feel that you need to acquire more than $10million. I am not really an workaholic, but I do somewhat like the work. I know once I give up work there is no turning back. The point is if I take the step it has to be really worthwhile, and enough reserves so that I don't have to think about working again. |
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Malaysian Airlines is screwed now through not much fault on them. Anybody flying with them will have a second thought, and will prefer a different carrier.
I was in a plane the other day and saw from window a Malaysian Airlines plane from the window, and the first thought that came to my mind was this disappearance.
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Actually right now if I invest I will probably get some of these 2.0 coins. Risky, of course but also potential for big rewards/ It will also allow me to hedge my bets in case one of them goes big and challenges Bitcoin.
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another crash = another buying opportunity
another crash = another buying opportunity = winning! Yup, sell and buy and increase your holdings. The way Bitcoin swings if you are patient enough you are almost guranteed to make a profit. I think all those who lost out are mainly the twitchy finger types. |
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If you shift through the troll posts and the blatant attempts for manipulation, you will find a lot of useful charts and analysis. It has certainly helped me trade well. Much easier to spot trends by hanging around here.
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Do not really see the charm in going and staying there. When Bitcoin gets big I might take a trip to spave, but thats it.
Much prefer sitting here on my ass and ordering everything online.
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