Two words: Irrational Markets

To put it simply and concisely, we all know that different markets act and function differently. There doesn't necessarily have to be a reason for something to spike, although usually those things have strong fundamentals. But you can never count out something just because it goes against the grain.

Just as a note, 500 BTC is $400k. That might sound like a lot, but really, for the average person, that's maybe 1/4 of life earnings.

I'd sit on 250 BTC, I'd cash out 100 and put into market investments, play the alt-currency markets with 100, and cash out the remaining 50 as play money and to give me the vacation that I feel I deserve.

I know that this may seem like scaremongering, but it is a legitimate concern: overloading and causing a fire is a horrible thing. However, in most cases, unless your house hasn't been retrofitted for a long time, you're probably safe; in essence, if you have a breaker your risk goes down significantly.

And as mentioned already; there is a lot of informed and experienced members on this forum, and that in and of itself cuts down risk significantly too.

Now if you're running a whole bunch of high-powered miners, that's a different story. But at that point, if you're investing that much money you'd be stupid to not do any research and the sort.

Edit: the correct word is your, not you're. Gah...

Starting Posts: 96
Bitcoin Address: 1McsWyhHa9eFuHqtjHmA4wP6WNVfRvDVNA

I could imagine Bitcoin having a market of about $25 billion which would be around $2000 each. But much more beyond that is hard to imagine. I can't imagine BTC permeating into the mainstream consciousness too much more this year; and I wouldn't know where another spike like with China would come from.

That is true. Although from what I can tell, the market share (not revenue) of Cheezburger has gone on a stagnant/slightly downward trend these last few years. If DOGE was to stagnate in market share, that would be a very disastrous thing for DOGE (because of the mining protocol). As a note, I haven't put a ton of analytics into this stuff, so even I'm taking my views with a grain of salt. The only way to really know things is by waiting.

Glad to hear that! I know that sometimes we have to face adversity first and stumble a bunch before we find our greatest story. Always glad to hear of times when in the end it's great. It just sucks for me because I wanted to believe that I had already found it. Oh well.

I'm still fairly raw with my issue (she's still yet to move all of her stuff out, but I gave her an ultimatum of two more weeks to get all her stuff out) so it's focus on me time! I've cut her and my former "best friend" out of my life and doing things that make me happy. I hope it ends up well for me too in the end!

So many back and forths each day with DOGE. For some reason though, when I look at DOGE, it reminds me of the Macarena or Gangnam Style. So yeah, the hype is gonna last a while, but I'm still not convinced that this has long lasting and staying  attributes. Just my thoughts...

Yeah, I know what you mean. Seriously.

The thing I posted up earlier is actually a true story for me. I tried making it work, but it didn't. Sometimes I feel like I got the short end of the stick though. Really wished it was over before we got a place together and I bought a ring and put down money for our future and stuff. Sometimes we humans are so ridiculous.

Dang. What country? And why? What was the thought process behind that?

Although the votes are skewed towards yes, I'm glad a significant amount of talk is for not changing it.

As mentioned earlier, doing so would lead to a slippery slope; and is just a means of delaying an "inevitability." The issue is that the premise was already shaky from the start; in such a burgeoning and young area (in technology, no less) a sweeping statement saying that a protocol would be ASIC-Proof was a stretch in itself. And the trickiest thing is how to ensure that the protocol remains ASIC-Proof. If we change it once, and then realize that we were wrong, we'll have to do it again. And again. And again...

I think that the implications of changing are far greater, and more far reaching than leaving it as is. How people react to it is another story (for all we know it could bolster the value of the network), but is it worth the "risk?" It would be much simpler changing the mission statement of LTC in my opinion. Once again though, the reaction to this type of change is unknown. Plus you lose the main "differentiating" feature of LTC. But for me, that is much more worth the "risk" than changing the protocol (and possibly changing it again and again).

I think the loss in credibility of possibly having to change a protocol multiple times far outweighs the credibility loss in changing a relatively young mission statement.

8 Days, 3 Hours, 21 Minutes

But I tend to read more than post. So yeah...

I approve (especially since it's a How I Met Your Mother reference)! In theory, one day we all find someone, that for us, is above that line. Or we die miserable and lonely (or awesomely happy depending on your perspective).

Ha!

Thank you for this hilarity. Now my coworkers think I'm nuts.

But you know, the batshit insane ones give life that extra little spice. 

Just be sure not to have a lamp thrown at your head. And if does come to that, just make sure you've practiced a lot of dodgeball beforehand. Yay excitement!

The dumbest thing I ever did for love was trying to make it work when it was clear it wasn't going to work. Don't do it, otherwise you're gonna get a place together, be psuedo-happy for a while (cause it's new and everything) but then be pretty unhappy for a while. Then you'll drift apart while still trying to force it to work, and then bam! You'll have to sort through all the crap in the apartment, wait for your ex to move out and move into your ex-best friend's place (because they're shagging now), and somehow figure out how the hell you're going to make the payments on your place by yourself.

Like I said, don't force things if it's clear it isn't gonna work.

Thank goodness I get enough supplementary income from mining...

[Edit:] Forgot to include all the stuff about mental anguish, regrets, break downs at work, sleepless nights, needing to see a counselor, thinking about your psychologists recommendation to take medication, animosity all over, and never seeing a person you care deeply about ever again.

I'd say invest into Bitcoins. If you're not willing to divest into multiple alts through some sort of portfolio mechanism (for the amount of money you are considering, 1 alt isn't enough, and it's way too risky; heck not even two is really enough also; in either case, I would only recommend 25% at the most of your investment), then it may not be worth it to just go into only LTC. BTC is relatively stable and continues to have quite strong indications of a bright future (continued adoption, gaining mainstream traction, etc). Litecoin, while steadily gaining more and more traction, doesn't seem to have as strong of an indication.

This analysis is fascinating; if not slightly scary. It kinda reminds me of the issues throughout history where a very select few hold most of the money. History has shown us what happens in many of these scenarios; but in this new paradigm, can we rebut history?

Admittedly, I understand that balances can still be achieved. Case in point: China owns a near monopoly in the rare earths market (used in much of the electronics market), but other countries have near monopolies on different segments too. Usually, the "damage" comes when powers work in concert. Nonetheless, there isn't inherently necessary. Unfortunately, human nature fails miserably at times...

Okay, so I'm gonna drive at the heart of the question with the following interpretation: I have to convert all of my alts into Bitcoin and cash it all out at $5k a coin right now; additionally, I have to sell all of my mining equipment in BTC and cash that out at $5k a coin and never mine again.

I'd actually have to say yes. With that amount, I could sit work at my current job for 6 more years, let the markets do their thing, and I would hit my retirement goal. And really, that's what I'm striving for.

Wow, the amount of traction NOBLE has gotten over these last few weeks (albeit quietly) is quite astounding. Can't wait to see what lies ahead.