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1042
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: October 20, 2021, 04:13:06 PM
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InvestAnswers just said something I've been thinking about for a while.
Although paying off my mortgage is something I could do with the BTC gains he pointed out if you borrow against 2-3% it's really (almost) free money considering the massive inflation rate.
Michael Saylor has been talking about the near zero business loans also.
At least mortgages for individuals are still low, unlike ridiculous credit card rates.
Furthermore I believe BTC will go much higher.
A $1 million BTC and even $10 million BTC in the next 5-10-15 years will not surprise me. Well before my mortgage ends anyway.
Also, these free interest loans on furniture etc make sense since you will really pay less over the entire period rather than in 1 chunk today, again due to inflation.
For you, yes paying on a low interest mortgage while letting your bitcoin ride is probably the way to go for now. But keep in mind, that you may still want to pay if off earlier than 30 years. Here's why: Most young people don't anticipate ever getting laid off (even once, much less several times) and don't believe ageism is even a thing. You really think that you'll stay employed for 30 years solidly straight with enough income (adjusted for insane inflation) to keep paying that mortgage every month/year and still have enough income left over to survive? You think that you'll be payed the same or more at 60 yrs of age, than you were making at 30? Or even adjusted for inflation? Think again. The time of 30 year careers with ever increasing income that keeps up with inflation is over. More like 15 at best, and then you'll hit a wall and have a career crisis. Throw in a failed marriage with some kids, and watch your financial net worth nearly reset back to zero. Btw, this pandemic forced more people into early retirement than any other downturn in history (other than the Great Depression). And this won't be the last one, there will be major shake outs like this every 7-10 years. |
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1044
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: October 20, 2021, 03:43:47 PM
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.... mainstream media is just the biggest piece of shite, in fact it is positively toxic to the well- being of individuals and society
... how wrong have they been about bitcoin? And duplicitously wrong too. Deceptive, conniving, secret agendas, lying, foolish, lazy, all the worst traits of humanity in one little package of shite
But if you think about it in retrospect, it all makes sense. The decade long smear campaign against Bitcoin was all by design. How many new millionaires would have been minted worldwide by now, had the MSM and financial elite promoted and evangelized Bitcoin since $1/btc? Or $0.10/btc? Far, far too many. If everyone quits working because they are newly bitcoin rich, guess how many debt slaves they have left to pay taxes, mortgages, and loans? Nada. The world's economies would crumble overnight. They couldn't have that. Only a handful of wealthy elites get millions of shares of Amazon or Facebook at $0.001c/share pre-IPO. Not millions of Average Joes. That's not how it works. |
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1046
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: October 19, 2021, 10:58:24 PM
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So...back during the summer, when Elon Musk said he wasn't selling any bitcoin, and one of his twitter followers asked "because you know something's coming?" and he basically replied something along the lines of "wink wink."...
Can we now safely agree that all these wealthy elitist fucks have (illegal) insider information months and months ahead of the public?
Because, yeah...they fucking do. They really fucking do.
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1047
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: October 18, 2021, 09:50:08 PM
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Got to say I'm a bit disappointed: We just closed the weekly ATH a few minutes ago, are at 62,500 and there is not one picture of a train anywhere on this forum.
What happened?
After 8 straight years of Goxxing, FUD'ing, exchange exit scamming, Govt reg scaring, China banning, and Musk'ing, I'm all outta train and rocket pics.  |
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1049
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: October 18, 2021, 01:14:47 PM
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Just goes to show how clueless these people really are about the Bitcoin market.
They are as clueless about Bitcoin and life in general as we are. Everybody just tries things. Some things will work out, some don’t. One thing is clear: nowadays it’s better to fail by buying into Bitcoin, than failing by not buying Bitcoin. The Gauntlet has been thrown. No doubt. My decision to heavily invest in bitcoin in 2013 was literally life-changing. The best decision of a lifetime. |
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1052
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: October 17, 2021, 07:23:02 PM
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I think that you don't get the idea: instead of selling bitcoin and PAYING up to 50% in taxes, you get cash that you need now. Then, for example 3 years later (of course you borrow somewhere close to the peak price) when bitcoin is at ATH, you can use a FRACTION of bitcoin that you borrowed against to close your loan. Taking a loan would be having the necessary chunk of cash now, but effectively selling bitcoin at a price of 3 years LATER.
At LTV of 25% the interest is 1%. You can't get a loan like this when you buy a house, at least in US.
I am not planning to either sell or take a loan at the moment, but this "method" surely beats selling and paying a HUGE amounts of tax.
All rich do this. How do you think Musk had billions to invest in Space X (he borrowed heavily against Tesla stock to the tune of billions)?
TL;DR Want to pay lotta tax, sell; don't want to pay tax (lawfully), take a loan.
EDIT: you can also use a part of the loan to reinvest in bitcoin options, if you are super bullish or bearish and leverage your position.
Which specific service are you talking about? Inquiring minds want to know. |
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1053
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: October 16, 2021, 12:17:13 PM
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If I sold a piece every time philipma sold a piece, I'd be... well, broke and not bitcoin rich.
Maybe rich, but Bitcoin poor Few understand what’s more important will sell another piece based on this advice. will buy another piece based on this advice. will always be buying another piece no matter what anyone elses advice is or what they do. ...except when i sell a piece no matter what anyones elses advice is or what they do. Will be buying another piece based on this advice, and break it up into smaller pieces so each piece is worth more. Few understand this. |
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1055
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: October 15, 2021, 08:57:01 PM
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What I find odd is that alts are doing nothing. ETC is not climbing like this and LTC is at .003 to Bitcoin. It's been .004 all summer and was around .01 last year.
So there is a decoupling here. Odd.
This is, and always has been, the great delusion among the shitcoin beliebers: that shitcoins won't fall and trail behind Bitcoin (news flash: they will, and the gap will continue to widen). "Crypto diversification" is the great lie that establishment trolls/shills have successfully spread through their astroturfing and gaslighting efforts. Shitcoins are to Bitcoin, what the pink sheet penny stocks are to the FAANGS: garbage. |
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