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Right now I fell like I did in December 2013.
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This is fascinating to watch: People are getting seriously rich-ish on this forum (everyone has their own definition of that, but it is what it is) and it's fun to read about how people handle it. From my dot.com days I remember these bits:
1) NEVER CONFUSE LUCK WITH SKILL
2) Some people will cash out for hookers and blow
3) Some people will not cash out for hookers and blow.
Fun to watch.(1) is critical, I can't tell you how many dot.com millionaires thought it was because of their super l33t skillz and founded companies that ate all their money and then some. Never confuse luck with skill.
This is only half true. I'm a monster of economical insights. Everyone here should be aware of my gifts by now. Can we please close this thread for newbies. Trouble is if your account is hacked you need to come back as a newbie. I am one of many even though i could prove ownership of my original account through bitcoin signing the admins didn’t even rrspond once to my many inquiries. Good point, didn't think of that. |
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This is fascinating to watch: People are getting seriously rich-ish on this forum (everyone has their own definition of that, but it is what it is) and it's fun to read about how people handle it. From my dot.com days I remember these bits:
1) NEVER CONFUSE LUCK WITH SKILL
2) Some people will cash out for hookers and blow
3) Some people will not cash out for hookers and blow.
Fun to watch.(1) is critical, I can't tell you how many dot.com millionaires thought it was because of their super l33t skillz and founded companies that ate all their money and then some. Never confuse luck with skill.
This is only half true. I'm a monster of economical insights. Everyone here should be aware of my gifts by now. Can we please close this thread for newbies. |
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My eleven year old daughter says hi to you all. She is very satisfied with the gains her bitcoin made today.
Say hi back. Hope she gets rich! |
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Please don't spread new-age crap like this around. Cancer is still - sadly - far from being cured, generally speaking. Same with Rick Simpson Oil / Phoenix Tears - Don't want to hear it. We still have a long way to go to properly cure all cancers. now you boys are just showing off
 Sorry bro. Just answered his question honestly... What Bob said! |
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So, I bought a little today, and immediately bitcoin stalled. Sorry guys.
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So, BTG have finally implemented replay protection. "Warm greetings to the Bitcoin Gold community. In order to ensure the safety of the Bitcoin ecosystem, Bitcoin Gold has implemented full replay protection, an essential feature that protects users’ coins from being spent unintentionally. Bitcoin Gold has implemented a solution called SIGHASH_FORK_ID replay protection. It is an effective two-way replay protection mechanism that enforces a new algorithm to calculate the hash of a transaction so that all new Bitcoin transactions will be invalid on Bitcoin Gold blockchain and vice versa. This makes replaying transactions impossible. https://github.com/BTCGPU/BTCGPU/pull/109 " |
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How come Mrs Watanabe is buying so much today? Is the last day of the month pay day in japan?
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Congratulations BTC HODLERS!!!!!!!!!!! My loved BTC is king now and my LOVED ALTS are SHIT!!!!! Diversification was the worst thing to do for the past few months. I would have NEVER thought of selling 100% of my alts but this market has wiped out my ALTs portfolio. HAIL TO THE KING! BTC https://www.youtube.com/watch?v=DelhLppPSxYI sold all my alts in December 2014 and never looked back. |
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 I love the smell of Bitcoin in the morning  It smells like...victory. |
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My morning wood still has not gone away, looking at the markets this morning...
Ahh, morning wood, those were the days. |
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It always works: I sell a bit-dime and the price skyrockets as a result.
Maybe I should start a donation wallet: Donate bitpennies to me, I'll sell it, and the price will skyrocket as a result.
Thoughts?
For me it's the opposite, every time I buy the price goes down. |
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and then sit tight and ride out the SW2X storm.
This "storm" will be like a breeze. If it happens it'll be just another free money drop. I'm not so sure about that, the lack of replay protection makes this one more troublesome. |
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Since avatar is everything I got one too.
Yes, it's my coat of arms.
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I think I am passed the point where I could sell my stash. The thought of not owning btc is horrible.
I think a 60-75% sell off is not too extreme. My real goal would be to be able to buy property etc with bitcoin in my area.
Although you guys can do what you want, I would really encourage you to think differently. First, selling even a half million $$ worth of bitcoin would incur a HUGE tax penalty right off the top. You took all the risk with your own money, so why would you give your tax agency 40% of all of your gains? It's free money you just gave them. Secondly, yearly inflation is way higher than most govt's published figures. In the U.S. the actually yearly inflation rate is probably between 6-7%, with spikes in certain goods and services upwards of 9-10%/year. And inflation is rising globally and will continue to get worse and worse. And citizens' wages will continue to stay flat or even go down in the coming decades. Bottom line, $500K fiat in 2020 will be only worth about $250K of purchasing power in 2035. So holding large amounts of fiat is ill advised. You want your purchasing power to stay flat or increase over time, not decrease. Holding bitcoin long term will beat the snot out of future inflation. Personally for me there is no "exit strategy", I will continue to buy and hold as long as Bitcoin is around, and only spend what I need to live day-to-day, month-to-month, etc. And if you want to own a house or land, it would be smarter to only liquidate enough bitcoin for a sizable down payment, and then get a really good low fixed rate 30yr loan for the rest. Bitcoin's yearly returns would handily beat, actually crush any 3-4% yearly interest on the loan. Plus both the house/land AND your left over bitcoin would both be increasing in value relative to fiat while you were still making loan payments.Interesting. Totally makes sense to be honest that. Personally I would rather not give any money to the banks even if it doesn't make economical sense. I when I reach my sell of point, the first thing I will do is pay of all debts. |
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That and smartphones and some other stuff is really the science fiction stuff I read about as a kid,(and yes, still do). I mean the stuff we have now is way more advanced than most of the stuff in Asimovs foundation books. Yes I know, we don't have the hyperspace jumping ships and R Daneel yet, but we are getting there fast.
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