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Price is so low it makes me want to move to a floating house in middle of the ocean.
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Both of my family members who could actually afford to invest have asked me if now is a good time to buy bitcoins. I guess they've sat on the sidelines for long enough that they can finally see a buying opportunity.
I usually don't give advice, just tell them what I'm doing. I'm taking my last euros and buying at $3300.
I told them they may need to wait until May or June before things start to move upward.
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I believe Searing's hypothesis about MtGox selling everything before 2019 may be true. Price could continue going down all month.
They only need to sell above $1k or so. So buckle up.
And then...
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My one hope for crypto is that a big fat fish like amazon starts taking crypto as payment.. What we all really want. Is for Bitcoin to become the one and ONLY worldwide currency!
Why do you think that if people had the option to pay for things on Amazon with bitcoins that they would? Would you? |
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Put your affairs in order lads. Billionaires and millionaires in the U.S. are arranging loans to have funds readily available so they won’t have to sell off investments in the event of an economic downturn, according to Jim Steiner, head of Wells Fargo & Co.’s ultra-high-net-worth business.
“They always want to have lines in place for if markets do turn down and they get capital calls on private investments,” Steiner, who leads Wells Fargo’s Abbot Downing unit, said Monday in a Bloomberg Television interview. “They want to be able to make those capital calls through use of the line as opposed to basically selling equities in the public markets.” https://www.bloomberg.com/news/articles/2018-11-26/billionaires-are-leveraging-up-in-case-of-downturn-banker-saysIf you can take out a loan on your capital it means you don't have to pay capital gains taxes since you never sold for a profit. |
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May 2019 will be the 12 month countdown to the halving. Still a long way away and we could see other lows before then. |
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Ironically, it was Deutsche Bank that called the police claiming I was money laundering. This is certainly well deserved. Karma bitches. |
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Price is still so low.  |
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the drop on the panic was, now back to 6000  2 more years under $10k.  |
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I also see seasteading as the solution for those that want to "leave the island". This also we will wait and see.
I agree with all of this entirely. I wonder if finding large areas of land under very shallow water is the next big thing. So long as it is at least 12miles from land I think that you can develop it. I guess though you would need to have a considerable army or deterrent if you did start to construct something of real value. I wonder what it would take to be a recognised sovereign state. I don't think as yet there is enough motivation for this to take off in a huge way. I wonder what about just a GIANT ship. I know where the boat is constructed or registered when built is then where the boat is tied to and laws from that country then apply. However one possibility would perhaps be to build just one man made island and construct boats from there. I guess I only mention giant boats as an alternative over man made islands since I would expect they could cost less, you could make as many as required. Also with these man made islands that i have seen so far (not that many) they do look rather flat and vulnerable to big storms? With advanced weather prediction I guess it could be possible to move your giant ship out of the way. The entire thing would need to be as solar powered as possible for sure. So I am not even sure for such a huge vessel you could capture/store anywhere near enough solar power to propel the ship and supply the population with the energy they need. I mean it could be possible. If you could build a sea island though that could be a sovereign state that is recognised it would be very interesting. I mean by default I would have thought if it were more than 12 miles from any coast it would automatically be self governing. I am surprised some billionaires have not tried this already. To construct your very own country that has it's own sovereignty you would imagine would be very tempting. Ha sorry I am going off topic. Interesting topic for sure though. This form of taxation isn't theft. What taxation am I talking about? It won't be easy developing seasteading, underwater based islands, and other forms of freedom in the oceans. In fact, you will be taxed to the limits of your strength trying to develop these things. Just ask Joe Quirk at Seasteading.org.  I know Joe. It is true that you will pay more than you pay on land just as you do with a boat. But you are likely going to pay less than ocean front property on land and less than a boat. I don't disagree at all. There are advantages and disadvantages to paying formal taxes any way you go about it. In the USA, if you want to pay less formal tax, you have to go under the table. There are costs for doing it this way... costs that are essentially taxes. OR, you have to take some IRS agents to court the right way. There is expense to finding out what the right way is, and to manipulating some judges into a corner where they won't be unjust. And if you lose, the tax is even higher... although it isn't called a tax. Seasteading is a fun choice to make. It involves being taxed in the work you have to do to make it happen. But it is a freedom-gaining taxation. And for your kids and grandkids, it just might be a much more meaningful freedom... if you do it the right way, so that the seasteading community doesn't get taken over by a bunch of criminals who manipulate their way into the seasteading government, just to tax seasteading people more. EDIT: Does seasteading have torpedo protection? I think the poor assumption of seasteading is seeing it as a single entity as opposed to a grouping of individuals. Individuals that can move their homes if they don't like their neighbors. Being taken over would be as easy as scooping up oil floating on water with your hand. You should not ask if the seasteaders are protected against torpedos...more importantly would be are those that would torpedo a seastead protected from hundreds of underwater drones equipped with their own torpedos. |
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Not claiming to have all the wisdom here, but theres something i really dont understand.... When at 20k, we drop to 15, all say its just a dip. Small rise comes. When at 10k, all are nervous, hey, its just a dip. Small rise comes. When we're at 6K all are nervous, talking about the bottom, bla bla, bulls are coming etcetera. Small rise comes. When we're at 4k, all is in panic, we're doomed, Aahhhh, its just a dip. Bulls are coming. Small rise comes. When we're at 3.5K, doomsday is prepped, BTC is dead, etcetera. Aahh, its just a small dip, bulls will come. Small rise comes. Now, we're at around 4k, and all are euphoric as the bulls are back yeeeeeee, we're at 4k... NOW the bulls will come! Xcuse me?  When i look at myself personally, i would talk about a bullrun just when we are going to 8k or higher again... What i see corrently, is just volatility. But then again; i have no clue about volumes, trades, orders, short, long etetera... Its all quite confusing, and sometimes my feelings are opposite to whats written here. (not taking some asses in regard, i just ignore those...) Anyone care to explain your ways of seeing things a bit? Oh, and i couldnt make anything out of the hat's... I've been lurking around here for almost a year now, reading most of the post', sometimes skipping 10-20 pages.... When does one get to wear a hat?  Ya, I doubt we've seen bottom yet. We've been hoping for the bottom for half a year now. All past bottoms are a quick drop (very low) followed by a quick recovery. Hoping for the bottom is so that you can see light at the end of the tunnel. Right now it's only darkness. |
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They'll get all of these safeguards in place, regulate the exchanges worldwide then....
decentralized exchanges
oops
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Looks like coinmarketcap also put Bitcoin SV right in the normal top 100 list.
The percentage over last 24 hours feels a bit off though. I guess it takes another day
to reflect more accurate percentage.
Edit : damn, Bitcoin SV has a lot more markets then i thought...
Do they have a working wallet yet? Looking forward to unloading mine when they do. See their website through coinmarketcap, their downloads points to just Github so far. https://coinmarketcap.com/currencies/bitcoin-sv/Yep...I went to their github...downloaded their wallet (which only runs on Linux). Far too many dependencies that I did not have to get the thing to compile. Figured I'd wait for someone to come out with one you don't have to compile on a Linux box. Did Satoshi only run Bitcoin on Linux? |
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I swear reddit has been taken over by legacy finance guys. Nobody has a clue about Bitcoin (or the reason behind it) there.
Is this the last place on the Internet where people 'get' Bitcoin?
Are we the only ones that will keep the lights on?
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Looks like coinmarketcap also put Bitcoin SV right in the normal top 100 list.
The percentage over last 24 hours feels a bit off though. I guess it takes another day
to reflect more accurate percentage.
Edit : damn, Bitcoin SV has a lot more markets then i thought...
Do they have a working wallet yet? Looking forward to unloading mine when they do. |
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I also see seasteading as the solution for those that want to "leave the island". This also we will wait and see.
I agree with all of this entirely. I wonder if finding large areas of land under very shallow water is the next big thing. So long as it is at least 12miles from land I think that you can develop it. I guess though you would need to have a considerable army or deterrent if you did start to construct something of real value. I wonder what it would take to be a recognised sovereign state. I don't think as yet there is enough motivation for this to take off in a huge way. I wonder what about just a GIANT ship. I know where the boat is constructed or registered when built is then where the boat is tied to and laws from that country then apply. However one possibility would perhaps be to build just one man made island and construct boats from there. I guess I only mention giant boats as an alternative over man made islands since I would expect they could cost less, you could make as many as required. Also with these man made islands that i have seen so far (not that many) they do look rather flat and vulnerable to big storms? With advanced weather prediction I guess it could be possible to move your giant ship out of the way. The entire thing would need to be as solar powered as possible for sure. So I am not even sure for such a huge vessel you could capture/store anywhere near enough solar power to propel the ship and supply the population with the energy they need. I mean it could be possible. If you could build a sea island though that could be a sovereign state that is recognised it would be very interesting. I mean by default I would have thought if it were more than 12 miles from any coast it would automatically be self governing. I am surprised some billionaires have not tried this already. To construct your very own country that has it's own sovereignty you would imagine would be very tempting. Ha sorry I am going off topic. Interesting topic for sure though. This form of taxation isn't theft. What taxation am I talking about? It won't be easy developing seasteading, underwater based islands, and other forms of freedom in the oceans. In fact, you will be taxed to the limits of your strength trying to develop these things. Just ask Joe Quirk at Seasteading.org. I know Joe. It is true that you will pay more than you pay on land just as you do with a boat. But you are likely going to pay less than ocean front property on land and less than a boat. |
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rBitcoinMod
Your submission has been flagged for removal because it is considered off topic for the Bitcoin subreddit.
I am a bot and cannot respond. Please contact /r/Bitcoin moderators directly via mod ^^mail if you have questions.
Elwar
This is why I hodl bitcoin.
LOL!! P.S.: Your reply to the offtopic message is almost as funny as when you went to troll "the hull truth boating" forum  Ya...silly me for asking a boat question on a boat forum. I finally figured out my answer... personal submarine Not really, but eventually. |
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My post on reddit was labeled off topic.  I think it is what the new reddit trolls need to see right now. |
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These are the times that try men's souls.  |
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