Indeed you are. My expenses are frugal but my life is nowhere near boring, in fact one thing I would like to experience some day is some sort of boredom even if for brief moments. My last time of feeling something near that is when I was in the hospital for several days a few years ago. It felt great.

Anyway, yeah, you are an interesting example of someone clearly living below his current means and always worried beyond rational most probable expectations. Of course, doing that for the past few years is what have allowed you to reach this point. Kudos to you.

You are older than me... Also have more BTC than me... on the cons you live in a WAY more expensive country than me... But all things considered you are probably living comparatively in relation to what you have more frugally than me (which is already a lot to say). May I ask you why? What's your goal?

You already "made it" considering BTC, pension, previous asets, family office income... Now what?

Frugal or extravagant or anything in between... we all do.

My goal is for BTC to "secure" my currently very frugal lifestyle (expenses wise.. investments are another completely different thing)... for life or lets just use a round extremely optimistic 50 years expectancy. If/when that is secured we can start talking about new goals.

I am sure you have your goals... mind to share?

Nuts.

... But hoping I am the nuts instead.

There are "stop loss LIMIT" orders in some exchanges. Stop loss market order is something I wouldn't ever use... if I used stop loss orders, which I don't.

But the big advice here is DON'T LEVERAGE LONG (or even short) SHITCOINS, more so without enough collateral to cushion any dump/dump or order book "anomaly". Thank me later.

Wut? Fuck flu! CoronaVirus is the virus of the future. Way more efficient and every infected and death person is recorded in a ledger and as more people get infected or die it gets added to the count and distributed across all social networks so that everybody knows in mere seconds.

People all over the globe are being infected and added to the ledger. And if you want to make sure an infection is sure you just need to wait for the quarantine period to fully confirm.

It also has a worldwide network of incubators, even if currently most of the incubating is being done in China because people lifes are cheaper there. But that is slowly changing and I have heard the chinese are trying to ban it (again).

And we even have a sidechain of Airlines for fast spreading of small batches of people (Real time tracker here: https://www.flightradar24.com/). There's a temporary limit of around 300 people MAX for each transportation, but that will increase in the future as the tech keeps improving. Almost instant worldwide contagion, bro!

There's only a max of 7.5 billion people that can be contagied, and that number will be decreasing with each halving of the population by each pandemic cycle. The people won't be able to keep increasing the population with their uncontrolled reproduction.

Governments are trying to control it but in the end they will realise they can't. The more that they do the stronger it will get. COV doesn't care about frontiers or if you are poor or rich. Just try to get in early before all the FOMO starts and hospitals become overhelmed and you will do well.

We are very early stage but CoronaViruses are here to stay. The virus has already been planted. Now watch the exponential increase! 2021 will be the year of COV Adoption.

Let's moon now! (the earth is already doomed). Where's my mask (tm)?  


... And you ask why the talk about CoronaVirus here? Really?


P.S.: You can check current status of the network here: https://bitcointalk.org/index.php?topic=178336.msg53896968#msg53896968

Bleh. What I REALLY want to know is if the "castle" was insured and if the insurance did pay.

Not me.

For several reasons:

- After being deluded in december 2017 into thinking that I could be "financially independent soon" (tm) and then receiving a hard blow to my hopes by the subsequent crypto winter, I learned not to take anything for granted. Even if the possibility of reaching that point is still there, I need to be fully aware that it could take an undetermined number of extra years... or never come.

- I also decided that the time, attention... and expectation I was giving to it would all be thrown to the trashcan if my hopes don't materialize so I needed to involve myself in other new side projects that would suck most my (already limited) time in the meantime. Projects that will fit either if my "crypto hopes" materialize... and that also will somehow fit if it doesn't. Main of those projects is the "vacation" house and land I bought last year and that needed some upgrades that I am mostly doing myself. If Bitcoin does good I will use some BTC to cancel the mortgage and THAT will be my "lambo". If it doesn't, I will maybe have to sell the house (most probably at a profit) as I can't stand the current deficit cashflow for many years... but if Bitcoin does well I will have already finished what I wanted to do (on a personal level) with the money.

- As I have decided to plan for both possible scenarios, that means more work and thus more time needed. When this ends, hopefully successfully, I will not only have "da money" but also my free time back as I am anticipating and doing all the hard work now.

So no, I decided to keep me extra busy and stressed in the meantime instead.

Those are regular income taxes, not capital gains which is what should apply to Bitcoin profits. Also, max rate doesn't mean anything. It is way more important to check the corresponding tax for each income bracket. I.e. In Spain you need to earn a lot to reach that 45%. In Denmark it seems you reach the max pretty easily.

Yup, that's worldwide practise. And since he probably bought it with CASH and he is now a known convicted "drug" seller he will have a VERY hard time proving the money he used to buy those Bitcoins did come from legal "channels" and the source was "clean" money... hence the "fishing rod" accident (lol).

Nah. It's probably just greed. I am a professional satisfaction deferrer. Time will tell if I did right or were just a fool.

Then that majority will be the "new" government.

There will always be some form (even if informal) of governments.

And I am sure there will be basically the same type of governments before I die. So nothing will change for ME (or you) for all practical purposes.

Jesus, I have just checked and it is true Denmark has outrageous taxes! Not as much as you say, regarding CAPITAL GAINS (which is what you should be taxed for your Bitcoin profits), but still ridiculously high. Sorry is all I can say about that situation.






Absolutely ridiculous. Now I understand why you seem to be so pissed most of the time  

Da fuck! What country are you in?!?? Never saw capital gains taxed so fucking high. That percentage is ridiculous even for regular salary income FFS!

Also, if you are completely sure you are not taxed right now (which I doubt) then sell it all and rebuy so that you "upgrade" your cost price before that is considered a taxable event.

Most western countries "only" take "around" 20%. Some even less.

Tbh I am more ok with paying that tax when I do sell than with the obligation to report my "hodlings". That REALLY pisses me off. I don't want them to fucking know how much (or how little) BTC I do have! What's next? Be forced to let them "custody" it for me so that I don't have a boating accident in the future?

Which is why I have always said the S2F will only be valid until it isn't, and that is probably coming soon.... maybe in one year, maybe two... It is just a matter of time it reaches a price mathematically impossible to achieve. But way sooner than reaching that point it will begin to fail.

Can Bitcoin reach $100K in the next couple of years? Yes, it is a *possibility*. I don't even give it a 50/50 chance... which is a lot anyways!

Can S2F model still be valid 10 years from now? No, it simply can't.

Nice hopium though.

Bypass governments? Near 100% habitable land on earth is already government controlled. At the most you can choose which one do you prefer to live under...

Not at all. I am very pissed atm. But I knew that had to happen. I just thought crypto was still minor enough to not warrant that kind of new rules. I guess adoption is already reaching levels where they think they need to use the "tools" at their disposal.

Governments would never let everyone go and switch to a different kind of asset they can't control in some way. Making kind of "ilegal" to have "hidden assets" (unreported to them) they secure they can control the flow (and taxable events) of those.

Also, this is what happens when a radical left wing alliance takes over the government as it has happened in Spain: The horror.

Fucking communists.

Damn!

The law that forces everyone to report/declare any crypto holdings have been passed (not yet effective). Soon I will have to do it or risk never been able to convert to banking fiat in the future. Also HUGE fines for anyone that doesn't do it and it is later discovered.

I always knew this had to happen eventually as that is the most effective way of control against tax fraud and money laundering but I had hope that it would take a few more years.

The country is Spain, but I don't see any reasons for other countries not doing the same eventually.