Right. But I ain't lending. Not to an unknown, certainly. More than that, I ain't lending to nobody since one of my friends got unjustly popped by the feds for ostensibly 'operating an unlicensed money transfer business'. Later all charges dropped, it still cost him like a quarter million bux, at least one client, and untold hours of his life.
May I ask what does that quarter million bux account for if the charges were dropped? Lawyer fees? If that's the case that's a really fucked up system yeah. Was it bitcoin related or just regular fiat loans that somehow turned wrong? Extortion, if you ask me. Under color of law. Bitcoin. It's all pretty well documented in old posts on this here forum. Then I guess you mean that guy (can't remember the nick) that has its website in the sig where he explains it all. Yeah, I remember it. Really fucked up story. Yup. BurtW. And yes, I count him as a friend. And a cautionary tale about this fucked up world in which we live. Introduced me to Bitcoin, as a matter of fact. Yup, BurtW that's the guy. I know what kind of fucked up world I live in. Even though I reckon that most any time in the past was way more fucked up though. Wanna know how I got started in Bitcoin? I'll tell you anyways: I never had much income, but enough to save some year after year since I was twentysomething. Again not much, maybe one year 200€, other 3000€, sometimes more sometimes less... everything added up year after year... for a bunch of years. Then I thought I needed to have some spare cash at hand, outside the bank. No matter if it wouldn't give me interest but, you know, just an in case I "accidentally killed someone or anything" and had to immediately run out of the country thing. Or something I could have free from seized for whatever reason (be it accidentally or well deserved). It wasn't much, maybe 10K€ cash, enough to sustain for a while on the run if that ever happened. Maybe at some point it was more than that, but not much more and that's unimportant. Then I heard about Bitcoin. So I thought it wouldn't hurt to exchange $3K€ into it, just in case. At that point a BTC was like 50€. I went to localbitcoins and looked at the ads for a local in cash meeting. It would have been around 60 BTC. It turned out none of ads were "real". It was all transfer me the money and I transfer you the BTC, either via bank transfer or paypal. That really turned me off because it was the off-bank money that I wanted to exchange. Haven't you ever heard me saying never mix banking fiat with out-the-system fiat? Well, that's my motto. But that motto ended me with a lame 2 BTC purchase for 100€ via paypal just to test the waters. Instead of the 3000€/60BTC I really tried hard to exchange in person to no avail. Of course one could argue that if buying BTC at that time were easier it would have not been priced so low. That's fair. Anyways.... the main point of my story is that... I went to Bitcoin because I wanted to have some (no matter how little) money stored "out of the system". Probably that's also the reason I didn't ever sell in the subsequent rises (kept buying instead... at way higher prices though). Yes, I do know how fucked up the system can be if it goes against you. Some insurance against it is very wise move. Never went into this to turn "rich"... even though I almost dreamed about it when BTC was at $20K and it looked like it could keep going. For me it was just a "hedge"/insurance. It still is... even if now I sometimes dream of obtaining some richness out of it too. |
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Are we saying that Bitfinex itself is therefore acting as the defacto trade counterparty ? That sounds distinctly dodgy.
GalacticMindExplosion.gif counterparties are the exchange users that are loaning (is that the right word?) those $ and/or BTC. I don't see nothing fishy *there*. Right. And their tether is one hundred percent backed by good ol' federal reserve notes. Until we found out that that was a lie. Yeah, that is a different matter. I wouldn't touch a tether with a fishing rod. Edited: I read wrong first time. |
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Right. But I ain't lending. Not to an unknown, certainly. More than that, I ain't lending to nobody since one of my friends got unjustly popped by the feds for ostensibly 'operating an unlicensed money transfer business'. Later all charges dropped, it still cost him like a quarter million bux, at least one client, and untold hours of his life.
May I ask what does that quarter million bux account for if the charges were dropped? Lawyer fees? If that's the case that's a really fucked up system yeah. Was it bitcoin related or just regular fiat loans that somehow turned wrong? |
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Are we saying that Bitfinex itself is therefore acting as the defacto trade counterparty ? That sounds distinctly dodgy.
GalacticMindExplosion.gif counterparties are the exchange users that are loaning (is that the right word?) those $ and/or BTC. I don't see nothing fishy *there*. |
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Which is the reason stock to flow model does not predict the future price. It just does... until it doesn't. We would be *extremely* lucky if it does for another cycle. We would also be lucky to have a model that works as good as stocks/bonds or RE 'models' worked for the last 90-100 years or so. Right now all btc models are lacking. Maybe the best would be neural network/Deep learning. Yeah, but there is a difference between an "always rising" model like stocks/bonds for the past decades and a delusional forever *exponential* growth. Even a 2x rise each year would need to eventually fail. That's not the same than a ... what¿ 10-20% (or lower) yearly average historical rise of stocks and bonds? |
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The current price is looking sooo tempting  Should I go full in now, or wait for another dip? Or be rational and buy in 2-3-4 portions?  This is the question! Wait. For sure. Perhaps wait for sub $3k. Why would you want to buy now? There has ONLY been less than a 50% correction from the $13,880 local high. Actually, I am all in in terms of life savings, but not in terms of networth, since I don't have a bank loan and I own my place and a car. Now I am tempted to take a loan from the bank guaranteed only by my state job salary and not by mortgage or anything like this. I've been playing various scenarios because a bank loan is a risky thing. What I've come to as a solution is to take one loan to buy at the current levels with monthly payments for 10 years equal to 1/6 of my salary. The annual interest is 5%, so at the end is slightly above 25% for the whole period. I can't risk all money at once, since the price can fall to 3K. If this happens I can double the loan. I still have my cold stash which would be 3x-4x bigger than the loan and is an insurance against a theoretical job loss. I suppose the risk is not too big, since my state job is with an ulimited contract. My motive is not some greed for a quick profit, but rather to reach an amount in bitcoins which I had in my mind. I tried to reach it but I failed for various reasons. And most probably I won't reach it, because max 1 year after the halving the price will stay higher than 10K. If you want to encourage me (or not) go ahead, every opinion will be appreciated! I won't encourage you. Investing what you need to (eventually) give back doesn't comply with the nr1 rule of don't invest what you can't afford to lose. If you do, and the worst happen, you will become a weak hand that once certain (low) price is reached will NEED to sell. If you are able to invest whatever amount, loaned or not, and hodl till ZERO if needed... Then go ahead (DYOR though). Otherwise please don't. We don't need no more weak hands that would sell at worst possible moment and dumping the price even more. |
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Which is the reason stock to flow model does not predict the future price. It just does... until it doesn't. We would be *extremely* lucky if it does for another cycle. |
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How are your testicles holding up, folks ?
Somewhat cramped, not crushed though. Other than that they are "hoDLing" ok... as always. We don't need a testicle story from you, again (I have the right guy? or was it d_eddie? involving some kind of spray), bitserve. That's all we need, like another hole in the head.  Yup, it was me, it was a cologne though. And it fucking worked no matter how fucking painful it was during the first couple of minutes. Not unlike when we need to go down first before going up and get some relieve. Hope we are close already. Talking about Bitcoin now. Btw, I have just broken my rules and bought some outside my "predetermined scalping system". Just a few hundreds $ that are not gonna change anything... but considering how poor I feel lately its something. |
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How are your testicles holding up, folks ?
Somewhat cramped, not crushed though. Other than that they are "hoDLing" ok... as always. |
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Guys, imagine we reach 6400 and then go sideways for a month or two.
That would freak people out.
Not enough for real PANIC. Under $5K would probably do. And under $3K and you will see people running around screaming (me included) no matter how hard they look now. Hopefully this is it (or $6K at the most) and we can start a slow and steady pre-halving recovery. |
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I dunno
I'm just not feeling the pain yet
Yeah, this Meh feeling doesn't look good. Maybe the real pain is yet to come? |
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What the flying fuck I thought you made that in paint. If that's not a bull sign to 100k then I don't know what is. It is coming closer. Get ready. Would love that would be the case... but no. That (ridiculously) growing amount of leveraged longs while the price keeps dropping could be the sign of an imminent long squeeze. |
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That looks like a recipe for disaster. |
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 See? I remember I said I slowed down my buys in May and increased them lately. This graph shows it perfectly. I am going parabolic again. Woah! That's probably the most dedicated and consistent DCA effort I have ever seen. You really know your DCA, sir! Kudos! |
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Debería ser algo automático, una vez definido el procedimiento.
Bastaría con que al ejecutar un ban fuera obligatorio indicar (en el formulario de reporte que sea) el/los mensajes que lo provocan. Y esto es lo que le llegaría al baneado, de forma automática. Al mismo tiempo se podría definir, en función de la infracción, un número (elevado eso sí) de méritos a descontar como comenta VB. Vamos que el carnet por puntos ya existe desde que se crearon los méritos.
Realmente apenas supondría mayor esfuerzo para los moderadores ya que no se trata de que tengan que valorar en mayor detalle cada caso, simplemente aplicar el procedimiento.
La mayor parte del spam del foro no lo provocan cuentas de alto rango/mérito... estos últimos son sólo una ínfima minoría y apenas afectaría al funcionamiento del foro que contasen con una segunda oportunidad en función de su contribución previa y futura al foro. Si realmente no valía la pena darle esa segunda oportunidad, pronto terminarían agotando el "crédito" de todas formas.
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I am crying watching all that otherwise perfectly usable posting proof-of-work being wasted in such meaningless drama  |
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I think it is time for a yearly update:
CoinATM 2019 EOY stats update: 6297 crypto ATMs installed worldwide
Thanks for the update. I made good use of Bitcoin ATMs while on the run. Bitrefill and Bitcoin ATMs...quite useful when fleeing a nation. Unfortunately more and more people will likely need to discover this themselves. That's another very interesting use case yeah. In which I guess fees are not that much of a concern and "convenience" means it all. |
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Update, add a brief review of the members involved in the history of the hats, from my point of view, of: - Micg - V8 - Hairy All three are part of the creation of Legend of the Hats, now the story is presented in 5 parts, they are modest boys and they won't tell their part, this is the reason why I tried to reflect their contribution, I also added some useful links to the blog. With this I finish the blog, only the new hats will be published and WO statistics, will be updated so that they are always available. Thx everyone, long life WO Hats Clubwww.wohats.comI think BlindMayorBitcorn also was a serious member involved, I think he was the first one to resize a HAT and use it as avatar, not?? Thats the main move after creating them  Yup. That probably gave it a critical push to "adoption" right at the start! He did it during his Rosewater "incarnation" though  |
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