This is the first time that I heard about this estate tax and it seems that it exists in the UK. I used to live there but I wasn't a citizen, so I couldn't care less about inheritance laws there. I guess it's similar in the US, with the difference that it applies to assets over $13 million, so I wouldn't be subject to this, since I own much less and I don't live in a country where such tax exists.

Anyway, lets speculate. One could divide his wealth between children before death, making sure that none of them exceed the required amount. Even if they do, you have to pay 40% on whatever is above the threshold, so having 14m isn't really a big deal. It starts to get worse when you have over 20m and no children, but in such case you should give the money to whoever you want before you die. Nonoe of us really lives alone and it's better to give it to your distant family, neighbors, whatever, than leave it to the government.

What maters is self awareness and what kind of a parent you are. A parent who doesn't care much about children will not change his behavior.

To visualize, think of all those alcoholics. Some of them have children, some do not, but usually heavy addiction doesn't change for the better and as a result we have those so called dysfunctional families where children run around unsupervised and hungry while parents are drunk or on drugs.

I've never been kicked out and 99% of people will never experience it. The only situations I've seen close to what you're asking about is when I once tried to go in with a friend who's pretty short and looked very young. In his 20s he looked like a 16 year old and they denied him entry, asked for an ID. He did not take it with him and we had to go somewhere else. Fun fact, in a pub that we went to they also asked him for an ID, but were fine with him drinking there as long as someone else bought the drinks.

There's a rumor people are being kicked out for counting cards but I'd really like to see that, since it's almost impossible to prove.

It depends on the business. If my business was in protection of people and property, I'd want both employees and managers to have experience in the field, preferably military background. If there would be women applying, I'd have nothing against hiring them.

That said, how many women are members of special units like Delta Force? How many women are in SWAT? How many racing drivers, mechanics, heavy equipment operators, construction workers are women? It's not because they're being discriminated against, it's because most jobs are done by men. You want to stop this cycle? Change the natural order of things!
The way I see it, you won't see men working under other men with much less experience and skill. A group of builders will not obey a woman leader if she shows them she's unable to keep up with them and in most cases she won't.

Are you in this situation? Are you asking us if you should do it because they might not be harsh on you if you claim to be an addict?

This reminds me of that thread where someone asked if we'd trust an employee who is a known gambler.

It doesn't matter. If you steal from a company you will be fired and most likely they'll notify the police. Maybe if this was a small family owned company and you gave the money back or worked overtime for free, but 99% of such crimes will be prosecuted.

I to answer the question if we can do better, yes we can, by performing a lump sum buy when bitcoin is in a correction. I used to start buying bitcoin in bear markets which I identified as -50% from the top. Everything below 50% was cheap in my view and worth buying and because of this I've managed to get my hands on $20k bitcoin last year. Sure, I could have done better by waiting and buying the bottom, but at that point nobody knew what the bottom was.

Going to gold and back is only for people who are willing to risk paying exchange fees, network fees, taxes on their gains. If I were to switch back and forth, every $1k transaction would mean paying $10 in exchange fees and another $20 in network fees, holding my bitcoin on exchanges and exposing myself as a holder... I prefer anonymity of a physical bitcoin exchange, where I do no KYC, pay with cash, don't have to report any gains and the only fee I pay is to the network.

To those of you who say that gender doesn't matter, it does in some extreme cases. Women handle pressure in a different way than men. You wouldn't want a woman to lead an army full of men, which is why there's so little high ranked army positions occupied by women. It's not that they aren't able to, but in a group full ow men, it would be harder for them to gain respect. It's the same with sexual orientation. You wouldn't want a gay man to lead a group of straight soldiers into battle. That's how I see it and you can say you're all 21st century and you don't discriminate, but discrimination does happen. It's a part of life.

Of course it does excite me, especially when I bet on sports. Gambling upgrades the event.

The way I see it, you can add a lot of things to the mix to better enjoy it. Let's say you get to watch a football match or a boxing match.
You can do it alone, or invite friends and watch it together. That's already an upgrade.
Then you can order a pizza, get a few beers, that's another level of enjoying it.
Finally, you can place a bet, even a small one and it will be even more fun.

Do you know what socialists want the most? Your money.
They will make up all those new taxes, the way they try to do it in the EU. Your money in the bank is taxed more than once, because you have inflation (which is a tax on savings) and if you get interest on your money that interest is additionally taxed, because socialists think you've made money. This is their simple math - he had a gain, he made money. It doesn't matter that he got 5% a year and inflation is 6% - according to them the man is in profit.

I feel like these democrats, which are basically socialists, have no idea how the market works. You keep taxes low, everybody will pay it, but keep it high and people will move somewhere else and you won't get anything.

Just look at the destruction on both sides. If this continues, I don't see how anybody can claim victory. Russia has recently lost 4 military ships and suffered damage to its refineries and Ukraine's power grid was attacked in retaliation, not to mention missile attacks on Kyiv and Lviv. Then there's a terrorist attack in Moscow and so it continues.
2 years forward and Russia will lose all of its military potential, while Ukraine will turn into a barren wasteland that nobody will be able to use for any agricultural or industrial production for another decade.

Fun fact, Russians are finally starting to admit that they're at war. after 2 years it's no longer a special operation

With no government there's no country. The deal is, you live like Native American tribes. There's no set borders, you're free to go anywhere you want and there's no single government, just a leader of the tribe, or a group of leaders.

Some law must exist, but I believe that if we had no countries and no borders, wiped it all out, it would be possible to coexist. The problem is that in the current state of things, the first country that declares something like that will be attacked and subdued by its neighbors.

One thing that strikes me in that interview is he went to bed like normal and was perfectly fine about losing $80k. The real amount lost was too much for him, but 80k was fine. Wish I had that much money so I could wake up in the morning and say damn, 80k lost, let's eat some breakfast and think of how I can win it back. Most people would be devastated after a $10k loss. 80k is the price of a small house.

Lessons to learn from this?
1. Be happy it wasn't you.
2. Don't drink and gamble.
3. Don't worry, even if you're drunk you won't get Dana's credit line. They'll probably tell you to leave and maybe (if you're lucky) get you a cab and make sure you tell the driver where you live.

His model also predicted the average price where bitcoin should be at given time and as you can see we are above that level.
Remember that he predicted the stock to flow level before the 2021 bull run and at that time, he said that bitcoin should reach at least $50k and hold it as floor, when the s2f from the previous cycle was $5k and we did go above 50k, so he was right about that. What he could not predict was the fact that there will be FTX bankruptcy and this crashed the price and caused widespread panic.

You probably know that when we were at 20k last year not many people believed that we'd go back to S2F floor so soon, but we did, so I would not underestimate it.

Isn't it the same with art? Let's say you buy a framed photo of something. The seller could make a copy. You pay $1000 for it and the next day he makes another 50 copies. Unless it's written in a contract that he can't make copies, he can.
It's the same with other collectibles. People buy signatures of other people for money, but we all know they can make more of these.

IMO NFTs are mostly worthless, but if buying that monkey or penguin makes you feel better, special, like you're a member of an elite club, you should do it. Some NFT's are such entries and allow you to get member only content.

You literally say it yourself that it's bad if the family can't access your wealth after your death, but then you say that they don't know about your investment. This is what actually doesn't make sense, not the fact that bitcoin works the way bitcoin works. Then you proceed to ask us if it should stay that way or maybe you should tell someone... Are you kidding me?

The short answer is yes, you should tell the person you want to inherit bitcoin after your death. It's really that simple! For instance, I have a daughter and when she's old enough to understand bitcoin she'll get all the information needed to access it. It's really up to you if you tell people or not, but my advice is that you should tell at least one person.

My goal is to keep taking some profit from the top during bull markets and stack bitcoin in bear markets.

I'll give you an example.
In every bull market when the price breaks the last ATH I start selling a bit and buying all the things that I had plans for in the previous years. For instance, in the 2021 bull market I bought myself a car and some electronics like a new computer. When I have all the things I need and the price is still going up I will get a bit of cash to have some money for potential investment in the bear market and that's what I did in 2021. All of that selling amounted to a small part of my holdings.
In a bull market I start buying bitcoin, first with the profit from my bull market sales and then from my monthly income and that's what I did in 2022 and 2023.

If the price goes to crazy numbers like a million dollars, I'll still do the same.

All of these things have as much value as people believe they have.

Something comes to my mind. Do you remember when youtube girls were selling stuff to their fanboys? It was their bath water, pieces of clothing, one even sold her farts in a jar and people were paying for that shit. It was worth something to them. Does it mean these things were valuable? To most of us they were shit but they were paying money for dirty underwear of some chick that doesn't even care about them.

Value is subjective and I think a picture of a monkey is worth 0, but some people think it's $100k...

India is playing both sides. They've been buying arms from Russia for decades and according to some sources spent 60 billion dollars doing so. Now they have a contract with the US for engine production so that most likely comes with a verbal agreement that they will not send weapons to Russia when the US is supplying Ukraine.

India doesn't act like it's against Russia or the US, but it wants to get the best deals from both sides.
Russia wanted to produce helicopters in India but that deal was cancelled most likely because of the engine deal with the US.
Chances of India going to war right now are very low, they just want to make money. It's the same fear mongering that people who say that Russia will attack NATO countries are doing.

Really? If you play with someone else's money you still have to give it back. If that's your idea of fun, you will never have fun like that because I promise you nobody will come to you with a pile of money and say -here mate, play with it. If you lose it there's no consequences. On top of it you'd like to benefit from it? So you'd like him to tell you that here's his money, if you lose it's his loss, but if you win you both share the win You're such a dreamer if you believe that this will ever happen.

You don't have fun when you lose, you have fun when you play and losing is just a price to pay.

This is to be expected before halving because ETFs made us enter the bull phase much faster and now people are confused.
Every previous bull run was the same - you had a slow uptrend towards the halving, then a correction right before or right after, followed by a large impulse candle that goes to the old ATH, then a correction and final big push to a new ATH.
This time we had all of this happen before the halving and to me this is very bullish since this means that we had a small bull run and will get another bigger one after the halving. The cycle is not yet complete.

I don't care if it dips a bit, I've been buying in the last bear run sub 20k and I know we're not going back there. 30k or 80k, who cares if you're in profit?