I don't know, I'm finding it very hard to sell even a little bit. When I first invested in 2013 I thought to myself I'll sell some at 40k to fund everything I need. Well, I ain't fucking selling. I'm thinking closer to 100k is when I'll sell now and that will only be a small percentage. I'll be generating an income off the rest, capital gains taxes can go to hell, income taxes on a yield from my BTC, I can handle that.

Brother I have written this a lot .... thought the same very ironic
Mind put on rust

 

The difference is Laszlo probably still had many, many bitcoin’s. mindrust sadly became a NOCOINER due to his misguided cowardice.

I mean, what do you even call an era that is way bigger than The Great Depression? The Really Great Depression? The Yuuge depression? The Fucking Massive Depression? I just don't know, I can't think right now, I'm ... depressed.

The worst thing in this whole story is that they can have the vaccine ready.
Money has no scruples.
I am waiting impatiently which country..., will be the first to have the antidote available.

My nephew has recently been expressing interest in knowing more about how the financial markets really work. It's nice to see him thinking for himself and expressing scepticism about the system. But I don't have much time at the moment to sit down with him and explain the corrupt relationship between the Fed, banking system, govts, QE, etc. etc. Any recommendations for something which I can direct him to which explains this all for a bright teenager who is already suitably cynical of mainstream media?

... pity about lambie slayer going into a full retard panic about the sclerotic 0.1%er global economy going into the shitter. He was ok until he caught the virus. Now it's like we got infested with another govvie trolling shill disruptor ... like roach got reassigned or something? The global economy was dying long before this angel of death bearing plague showed up, right on time for them sweet corporate and banking bailouts too I might add.

Im a good bit of pages behind so sorry if someone already posted this.


Here is some serious Bitcoin Bull Porn right here.  

The (Central) Bank of England released a paper Thursday on Central Bank Digital Currencies, CBDC's.

https://www.bankofengland.co.uk/paper/2020/central-bank-digital-currency-opportunities-challenges-and-design-discussion-paper

Its long and mostly boring but a new idea is buried in it.

"There may also be benefits from remuneration for unconventional monetary policy. If interest rates are, and
continue to be, low then central banks are likely to be constrained by the lower bound more frequently than
historically was the case. A CBDC that could be remunerated at a negative rate   could be used to relax that
constraint, to the extent that the constraint was caused by the fact that cash pays zero interest (Bordo and
Levin (2019)). "

They just realized they can solve their problem of negative rates. You see they would like to have negative rates as the ultimate way to ruin savers and force them to spend their money on stuff they dont need and stay living paycheck to paycheck forever. Bankers know if they have negative rates for personal bank accounts then people will just withdraw their money and stash it. Cash pays zero interest and defeats negative interest rates.

Their solution is to give everyone Digital Banker Bucks and when they wanna have a negative interest rate, they just make your Digital Bucks disappear over time in your digital wallet if you dont run out and buy stuff with it.

To confuse people about the theft, the devious obscurantists call it "Negative Remuneration."  

Add that to the purposely confusing jargon vocabulary like Repos, Quantitative Easing, OMO, and POMO.

No wonder they freaked out about Libra, it was hard money compared to this.

@mindrust

You don’t need to go anywhere. Just put on your big boy pants & buy back at least half of what you sold. We all make mistakes.

I’ve spent over £60,000 on bitcoin in the last 12 months. If I spent that money when I first knew about bitcoin I’d have thousands of coins, I’d be a whale (I don’t & I’m not).

You have to make the best of any situation you’re in. You fucked up, admit it & buy back. Have a really nice holiday & do something with the rest of the fiat but buy back some at least.

I doubt that we are going to go shooting up to $20k, but I could see shooting up to $17,500.

Yet, what the fuck do I know?

I am continuing to think that once we get in the $17,500 to $23,000 range, we are not going to be hanging around in those territories for very long.. .yeah we could be there for  a couple of months.. but is kind of like bat country... in my ongoing thinkenings.

Well, you are not "over-invested" until you are.  

I would rather NOT have to come across any kind of scenario that I am forced to sell my BTC at any time that is other than my choosing.  Surely, once your BTC become sufficiently profitable, then at that point, you don't really mind that you might have extra value in BTC.  

Let's say that you have $100k in BTC value and $8k in cash, but you unexpectedly run into an emergency expense that is around $20k.  BTC prices are in a dip, but you might be fucked because you are forced to sell off some BTC, at a time that is not of your own choosing, and worse if BTC is in a dip during that time, but surely better if your BTC are profitable rather than unprofitable when you are forced to sell some of them to cover your unexpected expense.  Then as soon as you sell to cover your expenses, BTC does a 3.5x in 3 months and during a period in which you don't have enough of a cash flow to replace any of the BTC that you had been forced to sell during the dip.  Sure would have been nice to have had other resources to draw from for that $20k expense, rather than having to draw from your BTC stash during an inopportune time, right?

Sure, my example might not be extreme enough, but you should be able to recognize what I am trying to say... you could end up getting wiped out of your BTC investment.

I have said, several times, that I had purposefully invested in BTC in a much higher than expected proportion than my comfort level (which is another way of saying overinvested) because I have wanted to feel a lot of comfortable in selling BTC on the way up.  That is part of the plan to be able to skim off a few BTC here and there on the way up, and in that way, I feel comfortable with my level of overinvested.

So, surely, overinvested is possible, and each of us has to determine what kinds of income/expenses s/he has going on in his/her life in order to figure out what kinds of resources that we are going to be able to draw from when some of the unexpected expenses might end up playing out at the most inopportune times.  Yeah, things are going all good and fine and thinking that we have cushions here, there and everywhere, and fucking bitcoin dips 50% and then 65% and then 85% and we thought that the bottom was in at 50%, and in the mean time, we have real world activities going on that could cause us to have some unexpected expenses taking place at the same time that BTC's price is dipping and at a time that we have already used up a large amount of any spare cashflow that we had in our sock drawer.. that is looking pretty sparse during those times of need.  Why the fuck do I have to pay that tax?  Why did they store gasoline in the closet?  why is my new lambo/leer jet parked in that location, and why wasn't the insurance up-to-date?  Fuck? Is the world against me, everything negative happening at the same time?  

Yeah, shit happens. Especially if you do not adequately pee pare ur lil selfie.   

Lauda i think it's a surname, not the female name. You guys probably didn't watch Formula 1? You didn't hear about Niki Lauda?

OT: https://www.cnbc.com/2019/11/04/study-single-anonymous-market-manipulator-pushed-bitcoin-to-20000.html

Funny that this hit piece was designed to discourage people from buying Bitcoin. But instead (whether true or not) it's actually a positive.

If this happened with supposedly just one manipulator, just imagine what would happen next time with "multiple" deep pocket manipulators? Perhaps hundreds? Lol

#getinb4moon

I am not coming online much and actively reading WO lately, but consider this as a gist for the last 40 pages.

1. Why World is ruining a privileged girl's future - Greta-
2. 1st world or 3rd world -mother nature is fucked-
3. Fatman seems nice guy but introduced himself as an asshole -Friday is reserved for him-
4. fillippone quotes JJG mistakenly and JJG never dissapoint anyone. 
5. Arriemoller poetically pointed out "Fuck you fatty"
6. d_eddie is ashamed with his short positions
7. LoyceV helping with Scrolling
8. Merit and Nuclear war discussion
9. gentleman wins Q3 prediction game. Q4 is in On
10. darmklachten -verlakkerij -No idea-
11. Once again mindrust comes up with good scenario and JJG always follows the lead.
12. LFC's announcement  - Vegeta Meme-
13. Roachie got sense of humor and at the same time it shows how lonely and Twisted fuck he is
14. Follow up on roachie, goldkingcoiner is now active and is in good mood
15. small talk on Wine
16. fillippone, eddie, jjg playing game -long/short btc-
17. Bitter Truths of life -Pain-Life-Death-

* Secret Wo Meetup gang acting Lovey dovey