The bonobo intelligence you have, welcome to my ignore list you retard.


Another one who doesn't get something basic. The money shown as balance on the (debit) cards is not real money, they are accounting entries based on a ponzi scheme, and in the case of credit cards it is even worse, because they are accounting entries passed on as money that are created as debt with every payment you make. But if you don't understand this very basic thing don't expect me to waste much time arguing with you, eh?

 

Well, for starters, it appears from the news that the son allegedly invested in "crypto", which most likely means he engaged in pump and dump shitcoins, which is not unlike going and gambling your money at the casino.


Without knowing for sure if the story is made up, I don't have to believe it's false either, and it's quite plausible because many young people buy shitcoins from their mobile in the same way they place bets on sports or on casinos.

I couldn't care less about her son losing his money, although this will serve Lagarde to emphasize her personal crusade against cryptocurrencies, among which she counts Bitcoin as just another one (and not something essentially different), and it will also serve to promote the goodness and security of CBDCs.

Being that mining empty blocks is a normal thing, and that although there is a decreasing trend we can still expect a few more until the end of the year and about 100 or more next year, I hope that every time an empty block is mined the OP will not reopen a thread titled: "Here we go again...". For the mining of empty blocks, while it may seem surprising to someone who doesn't know much about the subject, it shouldn't be surprising to someone who registered on the forum in 2013.

I agree but I wouldn't waste a lot of time teaching her. Nowadays there is a lot of free information on the internet. In my case if a friend asked me, I would explain the basics of poker and guide her on self learning resources. From there on it should be up to the person with their interest, perseverance and effort to learn by themselves.

These gamblers can continue to gamble as if nothing matters to them until they run out of money, and in most cases debt capacity. When they have nothing left and only a pile of debts to pay, or even have their house repossessed, we'll see if they care or not. Unfortunately the extreme cases of problem gamblers, the degenerate gamblers, end up like this.

It is an optimistic vision of the topic that not many of us share in the forum. Go through other threads and you will see. CBDCs indeed spell the death of privacy but Bitcoin is in more danger than ever of censorship. If you add to that the fact that most people who buy Bitcoin are only thinking about profit and don't care about privacy, using CEX and/or custodial wallets, I'm not that optimistic.

It seems like a safe assumption at 4%, which would be the classic rule because at least in the next few cycles it is normal for Bitcoin to continue to give a much higher return than that, although I for one would expect the returns in percentage terms to gradually decrease as the cycles progress.


Well, in my case, and I think I am by far not the only one, Bitcoin is part of my wealth building plan which also has other assets, but I think it is better to focus here on sustainable ways of withdrawing Bitcoin as I am sure that in the forum there is too much heterogeneity in terms of wealth building and having this plan one can get an idea and adapt it to his personal situation.

For example, let's suppose that in a market downturn, apart from Bitcoin we also have money in an S&P 500 index fund or pension plan that we can withdraw. Surely we will be more interested in withdrawing from the S&P 500 because it is normal that when the market rises again the Bitcoin will give us more returns than the S&P. Then in a bullish market we may be more interested in withdrawing from the Bitcoin portfolio to diversify the risk and not have too high a percentage of our net worth concentrated in Bitcoin. I know that there are people in the forum who have 100% in Bitcoin or a very important part of their net worth but in my case I prefer to play safer even at the cost of sacrificing a little profitability.

Here I am only considering the case in which both Bitcoin and the S&P rise and fall in unison, but if this does not happen, and we have a fall in the S&P and the portfolio in Bitcoin rises in price, or conversely, the decision of where to withdraw it's clear.

I too, like Fillippone, am more focused on increasing my stash, or rather my global wealth, but I am interested in the topic as information for the future and because I am interested in financial strategies in general

So I have dismantled the garbage argument that was a pure conspiracy and you come back to me with the adjective "gullible". Read again and see to whom you have to apply the adjective.


Yes, well, the concern for privacy that I see on the forum I don't see on the street in my day to day life where almost nobody pays with cash anymore. From there to enthusiastically using CBDCs is a step.

Another curious thing is that CBDCs indeed eliminate the need for conventional banks in the same way that a combine harvester eliminates the need for human hand harvesters. But it seems the bureaucrats don't want that part of progress, or at least they don't want it to happen too fast.


I am starting to see some resistance to CBDCs from non-Bitcoin environments, but minimal. I'm pessimistic on the subject. There have been countries like Venezuela and Nigeria where the launch of CBDCs has been a failure but I think in other parts of the world is going to be different.

Well, with only a month left I'm inclined to think it will stay more or less where it is or undertake a slight rise above $40K. I do not expect big movements towards the end of the year unless we have news about some ETF spot, so it is normal that the price at the beginning of January will not be very different from now.

It is a fact that in wealthier districts there are fewer bookmakers and lottery sales. In other words, the rich gamble less. That's partly because of what you say about them already being rich but also precisely because they are rich they know that gambling is not a good way to make money. That's why the OP's statements are not accurate, although he is somewhat right that the rich when they win they get more money than a poor person, obviously because they bet larger amounts, but the frequency of winning in EV-games is the same for rich and poor.

This is not a plan, because a plan does not consist only of a single action planned for the future, but a set of actions. I even doubt, with my usual skepticism, that the thread is a sincere thread and not a blatant and crude attempt to earn merit. I also plan to sell when the price is high, but that is only a small part of my plan.

It sounds like a conspiracy theory because it is, like that thing that looks like a duck and turns out to be a duck. The €3,000 limit has been planned to protect banks. You can see it in the following document: Know your (holding) limits: CBDC, financial stability and central bank reliance. But if you find it too complicated, it is summarized in a newspaper article:


So what the ECB is worried about is that citizens will embrace the Euro CBDC so enthusiastically that they will all want to switch to it, eliminating the need for commercial banks and suddenly all those banks will fail. That is why it is considering imposing an initial limit of €3,000, which will coexist with the existing cash and electronic payments (transfers, card payments, etc.).

Herein lies the question. The user is not so new, although he is still a newbie and has spent a month since he registered applying in the bounties section, probably without success and now he is looking for opportunities in the best section of the forum. It is almost better for him that he has not been caught in any bounty, because in many of them he would have worked for almost nothing. In this section he could do better but if he is patient.

I don't want to take away your illusion but underneath the surface there is a lot of garbage. Apart from the technical sections and some others, there is a lot of writing without thinking too much because you are paid to do it. If you want to learn in the forum you have many useful threads but you have to select among all the garbage.

What a bummer, I'm not optimistic about it, but seeing you say that, along with the stompix popcorn, makes me even more pessimistic.


With the current hashrate you can not, I think that could only be possible in the hypothetical scenario they are painting in which a majority of miners begin to censor transactions and a few others do not, so there would be a fork that would have much less hashrate and then maybe the scenario you speak about would happen but it does not seem a very rosy future, and I do not have much technical knowledge, someone correct me or clarify if it is not entirely correct what I say.

Yes, and I can understand if it is someone young with little money or living in a developing country where that amount is more important than for us, but the fact that 20 days ago he was saying he was planning to hold for 5 years, plus adding to the investment, and now he is considering whether to sell makes me wonder if there isn't a bit of trolling going on here. In any case, I have it clear, at the moment we are in, facing a bull market and with that amount I would not sell, another thing is that he needs the money for something but then he should not have invested it in the first place.

I agree. And not very true to reality, because it doesn't explain how some gods change from type 1 to type 2 every month, and that some type 2 gods are not type 1 because they have expressly refused to be type 1. Another thing apart is to see how many type 2 gods have more gp according to the OP's terminology than type 1 in the list, and it has to do with the DT lottery and not with any mystical explanation like the OP's, which despite funny is not very accurate.

It does not need to be added. The gossip section par excellence is Reputation, which far surpasses the gossip that can be found in Meta.


If you don't have time to read, who is going to make the summary thread?

Financial freedom is usually understood as having achieved a wealth that allows you to live without working for the rest of your life. I care more about, and already enjoy, partial financial freedom, because years of saving and investing give me a freedom of choice that if I didn't have money I wouldn't have. Besides, since I like what I do when I work, I am not obsessed with retiring. I think that if I had enough money not to work for the rest of my life I would work, at least part-time, or otherwise, in projects that I create.

Good irony, my friend. I'm going to say it without irony. Just because someone sells or mortgages their house to invest in Bitcoin or make any other investment has a high risk, and just because CZ did well doesn't mean by any stretch of the imagination that everyone else will do well. Even more so when I understand that, as happens to many people, they have all their net worth in their home, so if it goes wrong they are left with nothing.

I am in favor of a slow approach to enrichment following basic rules of personal finance, but there are always those who do these crazy things, and most of them go wrong.