Only fools "cash out".

Smart people cash in.

Just remember not to have any mortgages, unless they're vendor-take-back mortgages you hold on properties you sell.

Mortgages are a scam.

There's nothing wrong with frugal living.

I live in a dirt cheap rented basement apartment and wear second-hand clothes.

Some things you don't go cheap on though, like high-quality food and drink.

One thing I learned from my poverty days was that when you start earning, keep spending as if you were poor.

Wasting money on things like fancy clothes, homes or cars is just plain foolish.

Like buying Bitcoin, it's always a good time to escape wage slavery.

Just keep accumulating and hodling.

I'm in the opposite mode. I'm selling some more to pay for my lake.

I hate parting with my coins but if I must, doing it during an ATH ain't too bad.  

Good morning Bitcoinland.

I see we finally got our new ATH exactly a month later ($63275 Stamp) and it's still above the old high... currently $62790USD/$79103CAD (Bitcoinaverage).

Hopefully this is just the beginning of the push past $70k.

Go Bitcoin go.

Buying land is almost always a good investment. As Mark Twain said, "they don't make it anymore". Hopefully it's for the purpose of enjoying its use and not just as an investment. Bitcoin is still an even better investment.

My biggest previous Bitcoin purchase (during the "dead cat" bounce in January 2018) was my first property in Mexico. I didn't buy it as an investment. I bought it as a place to spend my winters. Having a place to winter rent-free and tax-free has saved me lots of money and it has already probably doubled in value. Still, if I'd saved the Bitcoin I spent on it, I'd have made much more profit.

Likewise, I'm not buying my lake as an investment. Sure, I could spend some more coin improving the road in, connecting to the electrical grid and applying to subdivide the property into cottage lots but that's not why I'm buying it. I want it as a super-private nature retreat, barely a half hour by air from downtown Toronto for me and my wife and our families and close friends. The taxes are ridiculously low. No sense giving them an excuse to raise them.

Yes, I could almost surely make more by leaving my money in Bitcoin but money is just money. Enjoying life is much more important.
_____

Lake Bitcoin? I've thought about it.

The lake isn't named on any map I've seen so far. It has a name that has long been used by the local people and local government. I suppose I could just start calling it Lake Bitcoin and see if it catches on. Rural people have an innate distrust of city folk though and there's no sense aggravating the situation by renaming the local geography.

Obviously I don't want to advertise my Bitcoin involvement. My days of wearing BTC ballcaps and t-shirts in public are long gone. You can still buy a wrench for $5.

I guess I could call it Lake Bitcoin among my Bitcoin friends and still refer to it by its original name in public.

Only undisciplined weaklings sold at less than $6k.

Anyone who'd done their homework and knew their history should have known that with the next halving, Bitcoin would again rise to new ATHs at levels previously considered unattainable.

When bitcoin crashed from about a dime to about a penny in 2010, a dollar was a dream and $30 was pie in the sky.

When it crashed from $30 to under $5 in 2011, $1100 was considered delusional wishful thinking.

When it crashed from $1100 in 2013 to less than $200 in 2015, $20k was considered unreasonable.

Now after crashing from almost $20k in 2017 to under $4k in 2020 and back to over $60k at present, some people still laugh at the idea if Bitcoin being worth over a quarter of a million later this year. They consider anything over a million to be ridiculous.

Watch them foolishly sell when the price dips from a quarter million all the way down to $80k.

Oh noes. It's that evil Bill Gates, nanochipping us all with chemtrails.

He's obviously a commie, probably Chinese.

 

I'll take my profits in Bitcoin thank you.

When I do spend some, it's not based on the price of Bitcoin but on the availability of what I want to buy or the necessity to purchase.

Take this private lake for example. When it became available I considered it a once-in-a-lifetime opportunity. A private lake is something I always dreamed of owning.

I started using some of my bitcoins to buy dollars back in February in order to buy this lake, despite the fact that Bitcoin was in the early stages of the inevitable rally into 6 digits. As it turns out, my remaining bitcoins are now worth almost as much as my original hoard, despite spending almost $2m.



Selling Bitcoin for fiat currency hoping to buy back at a lower price later is a sucker's game.

Originally it was all Gox. You switched to the others after Karpeles imploded Gox.

I think most of us think Stamp is de riguer. Beyond that it's up to you.

I agree that Finex should be disqualified, as should leveraged exchanges.


Wouldn't fit. Stick to hourly.

This lovely weekend I just happen to be leaving the the filet mignon (AAAA prime) in the freezer and making pizza to have with my fine ass woman.

Gonna proof the yeast with a little sugar in some lukewarm spring water before adding just the right mount of extra gluten to the flour. If you want something done right, you've gotta do it yourself.

Meanwhile, my Manhattan cocktail is delicious... classic 2-1 Wiser's & Martini-Rossi w/ Angostura and just a couple extra drops of juice from the Maraschino cherries.

Life is good. Thank you Bitcoin.

Bring back Chartbuddy.
It was the first thing I checked
On Wall Observer.

The important point
Of Wall Observer is not price
It's bid and ask walls.

Chartbuddy was great
For seeing the ebbs and flows
Of buy and sell walls.

With only a glance
You could see how market moves
Happened at the time.

So please Richy_T
Please do us a big favor.
Bring back Chartbuddy.
___

Here's from the archives...
The Silk Road bust crashing down
And back up again.

Bitcoin is not an altcoin.

If you said, "Bitcoin and other cryptocurrencies", it would be like saying "Man and other animals". Technically man is just an animal.

Saying "Bitcoin and other altcoins" is like saying, "Man and other sub-human species". No comparison.

Good morn Bitcoinland.
Five nine six eight eight dollars
(Bitcoinaverage).

The continuing
Battle for sixty thousand
Just keeps dragging on.

I won't call it done
Until we pass seventy
Thousand U.S. bucks.

But first we need to
Get to a new all time high,
Hopefully this week.


Silly Twitter fad
Was cool for about a week.
Now it's outdated.

To drive the exchange price down in order to buy much larger amounts off-exchange?

Good morning Bitcoinland.

The battle for $60k rages on... currently $60121USD/$75330CAD (Bitcoinaverage).

Maybe an ATH soon? Maybe back to $5xxxx? I guess we'll see.

Go Bitcoin go.


ftfy 

Last day with 2020 on the chart.

Good riddance.

Up to urinate.

See $61k... still over $60k.

Back to bed. Go Bitcoin go.