Maybe someone should ask her to apologize to the public for that complete disaster of a movie called "The Crimes of Grindelwald". A crime against humanity is more like it! |
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A well known dude (@Davinci) is selling the house to buy bitcoin with proceeds (surprisingly, wifey is on board, apparently). https://twitter.com/Davincij15/status/1260243620956954624Reactions? A timely move or not? To me, maybe too much risk inasmuch as having a shelter has more meaning than just an investment. In fact, I never thought about the house as an investment, but more like as a place to live without getting bothered by a greedy landlord. Never bet the house. Because if you lose, then you don’t have a house. Sold my house. Put all the money from the sale toward BTC at around $660. Bet the house. Sold my stock and 401k. Put all the money toward BTC @ ~$700 cost average. Bought the house (free and clear). Still buying BTC, gold, and silver. 10/10 would do all over again. Remember: every second that does by, money printer goes brrr, and that (worthless) paper currency in your wallet or bank gets more and more worthless. You're entire net worth shrinks every second you are in currency only. |
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She is a billionaire. We don’t need to give her financial advice She doesn't need to bother asking the poor pleb masses what Bitcoin is, because she stopped caring about 3 seconds after she asked (while admittedly inebriated).
FTFY |
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https://twitter.com/jk_rowling/status/1261396891784413185"People are now explaining Bitcoin to me, and honestly, it’s blah blah blah collectibles (My Little Pony?) blah blah blah computers (got one of those) blah blah blah crypto (sounds creepy) blah blah blah understand the risk (I don’t, though.)" Unbelievably short sighted person She's richer than most people in the 1% let alone the rest of the population. And she didn't make her money with investments, she's a fiction author. She has very little motivation to learn other than a passing curiosity I'm sure. Bitcoin isn't designed for people like her, it's designed for the rest of us. She'll condescend and tune out the people that care about what Bitcoin is, but she'll sure as shit listen intently as her financial advisor tells her to "stay away from Bitcoin" and "herp derp just buy stonks". |
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Reality check:
The issue now is, without significant and rising buying pressure (volume) by numerous whale traders, the exchanges can just double their fractional reserve efforts with no real change in price.
That is, price will stay flat until the *real* underlying exchange float liquidity is challenged by constant, high volume buying pressure.
I think we'll continue to see more volatility,crazy barts up and down, etc., but no real change in price until the next rally....whenever that is. Right now traders aren't really flocking in, and haven't been back en mass since 2017.
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sketchy exchanges crashing/going offline before you can liquidate,
you mean like Coinbase yesterday? Yep. Pretty sad that one of the supposed *premier* Crypto exchange brokers in the world can still go down like that. After all these years, it's still flaky and suspicious behavior from them. Dare I say criminal? |
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Moral of the story: Stay the course, stay in Bitcoin, don't give in to shitcoins.
If he held on to Monero and sold near the top, he would have done just fine. Moral of the story: if you dump Bitcoin for a Shitcoin, be impeccable in your timing and choice. Yeah, but really tough to time that. Most often they sell way too soon, or hold through the crash. Plus there's almost no liquidity in shitcoins to get the price you want, sketchy exchanges crashing/going offline before you can liquidate, exit scams, etc. |
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Lol at the second poster zhalox. Here's the 2011 "I'm gonna stay in Bitcoin forever and I'll be rich someday" post: Are you currently putting all your money into bitcoin? If you say this, you show you believe it by your actions. I am putting all my money into bitcoin - I see a possibility of $50-$100+ per coin this year. Just think, once the "bankers" and hedge funds find out about this, we are going to the moon. Once my bitcoins are $1,000+ I will be able to pay off my growing college loans and maybe get an apartment, and my first car
...followed by the 2015 "I've dumped all my Bitcoin for a shitcoin" post: I personally favor Monero, since it's the anonymous encrypted internet money that the original Silk Road users once thought Bitcoin was, and is the world's first true digital cash. As a Bitcoin miner & trader since early 2011, I have loved it and still do for various things, but unfortunately Bitcoin is already legacy (e.g., Netscape Navigator). If you want true next-gen Bitcoin 2.0 cryptocurrency / digital cash, Monero is the new kid on the block (e.g., Google Chrome alpha/beta). Monero / XMR isn't a fork of Bitcoin but rather rewritten from the ground upwards, is fungible, untraceable, anonymous, & scalable (and they fixed the block size problem too), and some Bitcoin devs are updating Monero's code which gives it credibility, as well as multiple Ph.D. cryptographers. I've converted my BTC funds to XMR and don't plan on going back to legacy (except when necessary using services such as https://xmr.to). The free market shall decide...Moral of the story: Stay the course, stay in Bitcoin, don't give in to shitcoins. |
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I say you should only use credit to earn money, not to spend it.
Borrowing to spend on unnecessary luxuries like cars and phones is silly unless they are essential tools for earning money. Even then there are usually cheaper options that don't require borrowing.
Of course most people have been brainwashed by lifelong propaganda:
student loan, diploma, employee job, credit card, car payments, mortgage, overtime (or 2nd job), overpriced holiday package, designer clothing, etc.
They think borrowing and buying is the normal thing to do.
It's become so normal and prevalent in the U.S., that no one even questions it anymore. They get indoctrinated by observing what their parents and grandparents are doing with debt *cough* credit. Never mind the fact that assloads of debt that can't be paid back is what is making their parents and grandparents completely miserable. |
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Oh right, how could I forget the thousands of bodies stacked high in 2009, dead from unemployment.  The opioid epidemic (that has killed tens of thousands PER YEAR) didn't just steadily rise in the U.S. after 2009 because everyone quickly found a job again and were happy, dude. And after this time, with 22M+ layoffs in the U.S., the follow-on death toll is only going to get astronomically worse....again. |
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We just broke through the resistance channel set by the high of $13,764 all the way back on 6/24/2019.
Should see some more green candles from here.
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Exponential growth you guys. Kind of our thing.
Wake me up when it hits "exponential growth" of millions and millions dead, like you said it would. In fact, wake me up when Covid-19 deaths exceed both flu and pneumonia deaths by an order of magnitude, like a 10X. THAT might actually justify the hysteria and shutting down the world. It's still only a fraction of both. Otherwise, STFU. And quit trying to gaslight people with your bullshit. |
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Ibian was DEAD WRONG in his virus predictions, now knows he was DEAD WRONG, yet pretends to cope with his wrongness by trolling me back with "flubro" memes. How immature. But hey, once a troll always a troll, right Ibian? |
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That is called speculating. Yet people like marcus keep presenting "second wave of covid-19" as a sure thing, that's coming 100%. When it should be treated as a wild speculation. When it's just a hypothesis with no scientific evidence to back it up.
Now, who is exaggerating? People study these kinds of things, so yes there is science... but whether you believe the science is credible or adequately backed by facts and logic might be another question, but asserting that there is "NO" science is inaccurate. People study other viruses, but for covid-19 specifically there is no science on the "second wave". Not a single country is experiencing "second wave" right now, despite very different lockdown policies. Enough time passed since the first peak. Honestly anyone who is still on about millions+ of people dying from this Covid-19 "plandemic", or a "second wave" of massive # deaths, needs to rightly STFU. https://www.cdc.gov/nchs/data/health_policy/Provisional-Death-Counts-COVID-19-Pneumonia-and-Influenza.pdfCDC U.S. death prediction: ~480,000 Actual U.S. deaths to date: 11,356 (btw pneumonia/flu killed 5X as many during the same period) ...and to think that they shut the whole fkn world economy down for this. |
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All Members Today is the Birthday of Her Majesty Queen Elizabeth I am sure that we all wish her to remain in good health during these turbulent times.  I guess they didn't bother with ear protection because they figured she was deaf already.  |
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OMG, retirement man-cave goals! This is how I imagine that Daft Punk would chill out after retirement.  |
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"Seasonal flu kills 291000 to 646000 people worldwide each year"
If we treated Covid-19 like we treat the flu, we'd have millions dead each year.
We still will. If it kills even 1% and it actually does spread 3 times as fast as the regular flu, that's 78 million dead right there. Don't think I have forgotten, Ibian. I'm still waiting on your wonderful prediction of "millions of people to die" from Covid-19 to come true. Are we still on track for "millions and millions dead"? Or is it, better luck next year? |
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