O/T
Poor people of Sydney.
Time to execute such barbaric knife yielding murderers if you ask me.
Thankfully he was summarily executed before he could murder anyone else. Yeah, he was killed by a police woman on site, which fits the crime, for sure. However, sometimes mental patients yield knifes without attacking anyone per se and they are being killed for just holding a knife or a bat in their hand and not listening to not immediately threatened police. In fact, quite a few mental patients are killed this way in US, at least. That said, there are almost no mental institutions in US that hold people for a long enough time for them to get better or much better. Society just decided that it does not care much. I think at least 50% of homeless are mentally ill people, just for your info. |
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OT: illegal thrysts... https://www.dailymail.co.uk/news/article-13305295/new-jersey-teacher-charged-sex-student-nature-preserve.htmlCheck out the park's name...hahaha That said, in teacher/student involvements, student (male) is not always the true victim, especially when he is 17 (almost 18). 16 is the age of consent in NJ, but it is more complicated than this in cases of "duty to care". Of course, it is VERY difficult to decide the merit of it all. I recall the story about a 42 year old teacher and another student, she went to jail for it, then they got married and she had at least two children by him. Btw, Macron (the President of France) started dating his current wife when he was 15 and she was 40. It's amazing that interpretation of these laws differ so much between countries. |
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OT: I am slowly wading through the Chinese version of "Three body problem"...it is very meticulous (30 episodes for the first book; in comparison, Netflix fist season was just 8 episodes)-still, it is interesting to watch because it shows cultural differences: Chinese are shown to be so even keel, not visibly showing (to my eye) strong emotions, but, of course, experiencing them just as well. My favorite character there so far is Shi Qiang (also called Da Shi), an impressive detective, who likes to pretend to be rude and clueless. I read all three novels, though, so it is just like revisiting the books again.
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...
.... this misattributed quote .....
....
Oh bollocks. I and sent a merit before doing my Einstein quotes homework. My bad.  .....
...l. Which is why I have friends that don't eat pork. I just feel sorry for them that they don't get to eat it.
Well you could always invite them for dinner and serve a lovely pork roast and tell them how you slaved over a hot stove for hours to make it just right. Then in the event they are too polite to refuse to eat it, they'd thoroughly enjoy it. Win win. I did get one Jewish girl to do that. She liked it.  When does the first market open for monday? Is there one in Japan or China or Hong Kong. Nikkei (Japan) is open, went down 1.3%, but it's just repeating what US market did on Fri. Futures are currently stable and gold is stable as well. Buuuut...it's a long time to tomorrow's open, so take it with a large pinch of salt. |
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I think that was just the straw that broke the camel’s back. Profit taking before the halving, tax selling as the deadline approaches, and forced liquidations probably played a large role as well. Maybe with some luck we won’t see a post halving profit taking drop because they’re all getting out now, but I also wouldn’t be totally shocked if we revisited $52K one more time before a year long bull run. I am not predicting anything and don't want to scare the "children", but I can see even $40-42K as a remote, albeit unlikely, possibility. WS "loves" to jerk the strong assets up and down to weed out the "weak hands"....witness 2020. |
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I’m guilty of it. I admit. I had such a bad 3 days. First bought some wif with big money right before the crash. And then switched some Btc to wif out of speculation, right before the Iran dump. And then I sold some Btc at 62k out of frustration Really the master of bad timing. Have to wait it all out now. Thanks for your honesty, but...wif...wtf, man, especially with BIG money? Spend a couple of bucks or a $20, just for giggles, nothing more. I am selling nothing rn and not planning to. |
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So, 2020 we had the Covid black swan before the bull run. Now it looks like the WW3 black swan.
who is bombing who. and I did get some 62.5k corn. may not be too important. srsly? we had a prequel in Damascus...now..two sides are gearing up for something more serious. markets are always try to price in stuff, though. ...we shall see I was thinking of selling some this am..a bit late now. EDIT: btw, look at those so called bull market "leaders", cough-solanzo-cough, dropping like flies...bitcoin increased it's dominance to 55% (even when counting stables, which we shouldn't; 56.7% if not counting stables)) |
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Don't let me talk you out of any of your dumbness. You should do what you believe best, even if some others here might consider it to be dumb.
You are the one who is going to have to live with the consequences of whatever you choose to do, or not to do.
The market has shown why I try to take profits with my short term funds. Luckily sold 50% around $70K and have been buying in small quantities from $66100 to $65800. Are you going to tell us every time you made or lost 4%? Good riddance... |
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Read/listen to the book 'Die with Zero' - Bill Perkins. Working for money (or in our case, waiting for Bitcoin to go up) is a trade-off against your only real asset your life time.
Memories and experiences you have earlier in your life have greater value than the ones you have later because of the benefits they give after you have had them. Sharing and using, wisdom and memories both have significant value to your overall life happiness. (I think travel experiences often give great returns.).
Think about your grandparents, as you grow older, you will end up wanting less and are happy to stay at home, in fact, health issues mean you probably can't travel easily anymore, and this is when those earlier 'experience' investments in your life reach maturity. Bizarrely, living in the moment is an investment in your future. So the earlier you have these experiences the greater the return.
Dying with zero doesn't mean forgetting about looking after dependents or risking running out of money, but it helped me think about getting the correct balance between living in the moment and thinking longer term.
In the case of Bitcoin, for me it was about setting very ambitious objectives about the things I wanted (property, cars etc, but whatever is reasonable to you with your current BTC holding) , and when Bitcoin was at a sufficient price, and I would still have at least 50% of my BTC remaining, I pulled the trigger. (actually, my trigger price was $42k, in the last bull cycle, and I part-exited at $55K, and paid all the tax due.)
But I always live by, "Never have no Bitcoin."
I must read this book. Thanks for sharing. I agree with everything you said. Specially about experiencies. I think "buying experiences" and "buying freedom" (i.e. retiring early or getting a job which lets you live you life fully) are the two most important things money can buy. I also made a large sell-off in ~60k in 2021... I rebought everything again lol I recently saw a similar study , showing the age of death x age of retirement, which made me think a lot.  https://faculty.kfupm.edu.sa/COE/gutub/English_Misc/Retire1.htm?s=09I think the study is somewhat exaggerated, but there is some truth in it. 4. Conclusion and Recommendations
The most precious, creative and innovative period in your life is the 10-year period around the age of 32. Plan your career path to use this precious 10-year period wisely and effectively to produce your greatest achievements in your life.
The pace of innovations and technology advances is getting faster and faster and is forcing everybody to compete fiercely at the Internet speed on the information super-highways. The highly productive and highly efficient workplace in USA is a pressure-cooker and a high-speed battleground for highly creative and dynamic young people to compete and to flourish.
However, when you get older, you should plan your career path and financial matter so that you can retire comfortably at the age of 55 or earlier to enjoy your long, happy and leisure retirement life into your golden age of 80s and beyond. In retirement, you can still enjoy some fun work of great interest to you and of great values to the society and the community, but at a part-time leisure pace on your own term.
On the other hand, if you are not able to get out of the pressure-cooker or the high-speed battleground at the age of 55 and “have” to keep on working very hard until the age of 65 or older before your retirement, then you probably will die within 18 months of retirement. By working very hard in the pressure cooker for 10 more years beyond the age of 55, you give up at least 20 years of your life span on average. The quoted study is weird, to put it lightly. I guess..if you continue the "trend', if you retire at 30, then you would live to a 100 or more I found several studies that point to the opposite: https://www.google.com/search?client=firefox-b-1-e&q=age+of+retirement+and+age+of+deathOn the top of the page: "Those retiring at age 65 or greater have an 11-percentage-point greater probability of surviving to age 80 than those retiring at exactly age 62." The latter is bad statistics as well because maybe those who retire at 62 are simply sicker, on average. The point about greatest productivity around age 32-this is mostly true (basically, from 27 to 37). Most, but not all, of scientific achievements were done roughly in that age period and if you extend it a bit more to 25-40, then probably at least 90% of discoveries were made by the people at those ages. However, you don't have to retire once your peak is over...sometimes people simply move to other venues and/or teach or manage a group of younger colleagues (graduate students and postdocs). You aim to compensate with increased age-related wisdom for a decrease in the "brilliance" of your ideas. |
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@JJG: I know that you just use $6.66K as an example, but that hardly amounts to much in US...basic level living and not even on the two coasts. A median household income in US is 74.6K/year. https://www.fool.com/the-ascent/research/average-us-income/Of course, when used as an add-on, it would provide a boost, but i don't think many on WO would agree that it is a sweet deal after many years of ups and downs. |
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Spending from a 20 btc stash is okay if you are over 70 and have other income. One coin a year till you are ninety or .85 coin a year spending those amounts either way should work.
Especially if you don’t care about descendants.
Spending from a 20 btc stash if you are under 50 needs to be very small spends under 0.5 a year would be good.
Since i engaged in merits numerology tonight...phil is pretty close to 7777 as number 7 is considered "lucky" in the West. Maybe he can get to 7777 (from 7669) by halving? Could be a nice "trick"  |
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Yea...right.
I will answer tangentially, first (before I forget): @JJG...check it out-your merits are in perfect digital format right now: 10101, kind of rare, take a snapshot or something.
EDIT: too bad...one more and it is out of balance already.
I don't like to spend btc..call me a tight-fisted hodler.
In case of emergency, sure, no prob, but renovation?
yikes.
Yes, I am definitely cash poor because I don't like having un-invested cash laying around, and that includes the bank(s) that pay nothing vs money market paying 5.3% on cash.
Almost everything is invested, one way or another, but, typically, liquid (not some private equity or CD or stupid "timeshares").
Jimbo about 160 btc. What guy? I did not pay attention, I guess.
I am not sure I followed that line of reasoning.
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I was thinking about the following hypothetical the other day:
Let's assume that bitcoin goes to 100-300K (let's say, 200K average) this cycle and somewhere along the line you sell a substantial % to invest in property, luxuries, etc ( whichever you choose).
In 10 years afterwards, bitcoin goes to 5 mil, which means that you only "captured" just 4% of the potential value.
How would you feel about it? I guess, it would also depend on the remainder (that you didn't sell), but still.
Personally, I know that years later, I am not particularly fond of my decisions to sell AMZN, AAPL and TSLA early, even though I made very nice gains on them.
Sometimes, I consider these occurancies as my investment follies, but, again, you cannot be 100% efficient.
Of course, it is possible to NEVER sell btc and, basically, put this decision on the shoulders of descendants, but you cannot guarantee that they would be wise about it, right?
At least, I can't.
At some point, I would have to start to spend btc and this point is coming relatively soon.
Alas, to spend even a relatively small amount of btc on things like kitchen remodeling causes a bit of mixed feelings on my part as I contemplate the scenarios described above.
That could be one expensive kitchen 5-10 years down the road.
Withdrawals from IRA are taxable and I put all my stables back into the market during 2023.
I would probably do a mix of "things", but don't want to take on HELOC or anything like this.
Decisions, decisions...
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Did solar eclipse caused bitcoin's run OR
Did bitcoin's run caused the solar eclipse?
...JK
That said, this is how MSM report anything related to bitcoin...like a bunch of "mystics".
Got glasses...we had 94% totality, but with a light cloud coverage, you did not even needed "eclipse" glasses, but when clouds thinned, glasses did the job.
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From reddit: trading by J. Livermore (what NOT to do). https://www.youtube.com/watch?v=RQHEfCzBQMMTL;DR always sell your losing trades and keep your profitable trades...alas, don't trade and expect the market to "buy" things for you . |
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seventy again;
when a number one-two-three
is added in front?
# haiku..."invented" a word, but @Alcohodl thinks it is OK for poems; besides, the counter agrees with the syllable count.
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The halving is on 4/20?
nice...
lol
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Earthquake (4.8 mag) in New Jersey/NY!?
I would never thought that this area is active, seismologically.
Wow.
checks in for latest bitcoin blah blah blah. yawn...memes... yawn..... jay talk ....yawn... bitcoin... buddy....yawn Oh wow... an earthquake! cool! (ok, maybe I'd better scan back before being my usual asshat self) Well...bitcoin "announced" that it wants to sleep a little bit before the halving battle (or excitement). Any good music for it to sleep tight? |
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OT: a major s-tcoin (not VB coin) has 75% of tx that are failing, currently...
I wonder when this would translate into a loss of "mindshare".
I think that we are in a multi-year odyssey to prove that POS cannot work, in principle.
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Earthquake (4.8 mag) in New Jersey/NY!?
I would never thought that this area is active, seismologically.
Wow.
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