[...]
Thanks, AlcoHoDL.
Thanks Jay, for your long (as always [saying this in a good way]), but thorough and merit-worthy reply, I appreciate it. We are in agreement, and there's no need (for me) to reiterate what you already know. Since we are posting in a public thread, sometimes as a courtesy, we (royal) do post some of topical matters in more detail than necessary for the benefit of others... so a little repetition tends to play out from time to time for those of us willing to bear such repetitions... Of course, there are quite a few regular WO peeps who I have pretty decent confidence (faith) that do "get it" but every once in a while we witness surprises, too... mindrust.. cough, cough.. .. and also, face-melting BTC price moves or even long-ass periods of seeming irrational BTC price performances, sometimes can cause a few of us to enter locations closer to our psychological limits than we would prefer to acknowledge. Just to clarify, my above highlighted text (in green) was not directed at your quoted long reply, but rather, it was meant to explain my very short reply to it (i.e., I don't need to reply in detail, since we are in agreement). Your reply was long (as always [saying this in a good way]), but well-written, and would deserve a longer answer, but I'm just far too busy with RL matters, so I just wanted to tell you not to take my short reply the wrong way... |
|
|
|
(...)
I seriously worry about being able to "cash out" when "fuck you" rich. I fear that, by that time, all the cameras, guns, machetes, rusty pipes and what have you, will be pointing at us HoDLers, even going so far as to label us criminals, DPR v.2 (or is it v.3?), or some other "guilty-until-proven-innocent" accusation. It all depends on how "accepted" Bitcoin will be at that point. And, as you know, timescales in Bitcoin time are very short, meaning that we'll know quite soon. It's all good to imagine an ideal world where TPTB have accepted and even endorsed Bitcoin, but I don't think this will be an easy battle. We may win, but there will be blood.
Of course this "cashing out" may not even be necessary, if things play out in Bitcoin's favour, and BTC (or satoshi, or whatever fraction of a satoshi results from a 2nd layer solution, should 1 BTC > $1M) ends up being usable in buying everyday goods and services. This would be an ideal situation, in which BTC's intrinsic value stays in the BTC realm and we directly use it to survive (food, shelter, Lambos, hookers, blow, the usual necessities). But, somehow, I don't think it will be that easy. Not when the establishment sees their power taken away. They won't surrender without a fight.
My advice is to be prepared for any possible outcome. Personally, I'm more exposed to BTC than I am to more traditional investments, but I can surely survive (and ever enjoy the occasional little pleasures—but nowhere near "fuck you" rich status) without touching my BTC. I just follow the "invest what you can afford to lose" motto, while at the same time supporting and firmly believing that Bitcoin will succeed.
In short, as Bitcoin's value is rising, my feelings are bittersweet. Sweeter than bitter, of course, but there's always that aftertaste you get when chewing a dirty piece of paper...
(...)
Alcohodl, it is ok to get fkn rich due to years of hardened bitcoin hodl. you don't need to be scared. you earned it and folks will admire you for it. I doubt that bitcoiners will have to fear getting robbed more than the casual millionaire next door. you deserve it because you went down the rabbit whole and put money in some magic internet money shit when everyone laughed about it. you helped this revolution get ignited, you carried the torch in a critical time of its existence. when it was vulnerable. the bitcoin KI will not forget you and will reward you royally. it will be easy. the difficult times were the gut wrenching multiyear bears. the next difficult times are now. but the future is bright, bro. and.. how do you sleep with less than 90% bitcoin exposure?  Thanks man, I appreciate the comment, which applies to most of us here. About exposure, yeah, this is the only thing I'll regret when we moon. The fiat I could've invested in BTC, but didn't... Well, it is what it is, now I'm in HoDL mode and will wait it out. As LFC says, we may get there next year. I'm OK even if we get there in 2022-2023. Of course, "getting there" means different things to different people. For me, it means BTC = $100k. I do expect BTC to reach far higher values than this though, even reaching $1M and beyond. We'll know soon enough.
[...]
Thanks, AlcoHoDL.
Thanks Jay, for your long (as always [saying this in a good way]), but thorough and merit-worthy reply, I appreciate it. We are in agreement, and there's no need to reiterate what you already know.
You guys are lovely. Wish I knew you IRL. OPSEC is a bitch! #nohomohaiku
Edit: Added comment to JJG's post, and a haiku for you fucks! |
|
|
|
Well, I don't know about Lambos, but McAfee appears to have sorted the "hookers & blow" part. That's something... I hated that guy the moment I installed McAfee Anti-Virus on my PC several decades ago... |
|
|
|
[edited out]
Karartma1, I don't think you need to abandon ship. Let's wait and see how this plays out. It's all good to have total freedom to do whatever we want, but do you remember how Elwar's seastead ended up? We've got to tread carefully, or my statement "we'll end up filthy rich, but unable to enjoy our riches" may come true. For sure, if we are feeling overexposed to bitcoin, maybe we cut back on our allocation a bit. But, even with various negative news like this, it remains difficult to figure out where to better put your money, and even if there might be some justifications, based on recent news, how to better allocate. Of course, each person has to decide for themselves the extent to which they might be over-allocated in bitcoin, and also if s/he might become a target of governmental actions and/or overreach based on his/her own situation - whether that is being accused of some conduct that s/he did not consider to be against the law.. but sometimes safety measures may well need to be taken in regards to where to hold stash and how much of the private keys are kept off line. I personally find it can be quite difficult to attempt to sell BTC directly, especially if we start to get to very large numbers, in the future, so in that regard, it is likely better to have some arrangements with traditional institutions to be able to have avenues to liquidate portions of your BTC stash from time to time and also reporting on taxes, consulting with attorneys and accountants and things like that could be helpful too. If any of us are pulling out anything approaching fuck you status levels, whether that is a million or more or even in the territory of $6million or more, then we may well need to have some of those liquidation relationships because it could be much more difficult to operate peer to peer with those kinds of quantities, and then might we be interacting in circles that might end up causing questions to our own actions, too - even if we personally believe that we are trying to stay above board with every one of our actions. I seriously worry about being able to "cash out" when "fuck you" rich. I fear that, by that time, all the cameras, guns, machetes, rusty pipes and what have you, will be pointing at us HoDLers, even going so far as to label us criminals, DPR v.2 (or is it v.3?), or some other "guilty-until-proven-innocent" accusation. It all depends on how "accepted" Bitcoin will be at that point. And, as you know, timescales in Bitcoin time are very short, meaning that we'll know quite soon. It's all good to imagine an ideal world where TPTB have accepted and even endorsed Bitcoin, but I don't think this will be an easy battle. We may win, but there will be blood. Of course this "cashing out" may not even be necessary, if things play out in Bitcoin's favour, and BTC (or satoshi, or whatever fraction of a satoshi results from a 2nd layer solution, should 1 BTC > $1M) ends up being usable in buying everyday goods and services. This would be an ideal situation, in which BTC's intrinsic value stays in the BTC realm and we directly use it to survive (food, shelter, Lambos, hookers, blow, the usual necessities). But, somehow, I don't think it will be that easy. Not when the establishment sees their power taken away. They won't surrender without a fight. My advice is to be prepared for any possible outcome. Personally, I'm more exposed to BTC than I am to more traditional investments, but I can surely survive (and ever enjoy the occasional little pleasures—but nowhere near "fuck you" rich status) without touching my BTC. I just follow the "invest what you can afford to lose" motto, while at the same time supporting and firmly believing that Bitcoin will succeed. In short, as Bitcoin's value is rising, my feelings are bittersweet. Sweeter than bitter, of course, but there's always that aftertaste you get when chewing a dirty piece of paper... Ok. I watched that clip. How come when they left, they did not take the briefcase with them? Am I missing something? By the way, I had never seen the whole movie, so surely I must be missing something about the meaning of that briefcase. Also, why was the one cowering black kid spared? Travolta's character goes up to him in the end of the clip, and he asked why they were not told about the guy with the BIG gun who was hiding in the bathroom, and the kid does not answer - yet he was spared. The briefcase is an enigmatic element of the movie, that is open to interpretation. I won't give you mine, since you haven't watched it yet. But you should. I'm a big fan of Quentin Tarantino, so my opinion is surely biased, but I do consider it one of the greatest movies of all time. The first time I watched it was with my (then) girlfriend, back in 1994. She hated it, and we even had a somewhat heated discussion about it. Could it be more appealing to guys than girls? As for the kid being spared, my guess is that it's Samuel Jackson's way of thanking God for His "divine intervention" which saved their lives. BTW, the scene whose YouTube clip I linked to, is not a continuous scene. In the actual movie, it's split and its parts are shown at different times. The YouTube poster has joined them together in one continuous clip. Another thing that will probably be irrelevant to most, is that Tarantino is a hardcore film fan, and insists on shooting his films on real film (no digital cameras involved). A true cinema lover, in its original media, with all its quirks that give true movies that special appeal. Edit: Corrected typo. |
|
|
|
I triple dare you!
English. Do you guys speak it?
You motherfuckers!
And I will strike down Upon thee great vengeance andFURIOUS ANGERAnd you will know myName is the lord when I layVENGEANCE UPON THEE!- Book of Scientology, Chapter II: "Ron's Crazy Dream", page VI, paragraph III Perfect. Just perfect! |
|
|
|
nully and nutty
sitting in a tree. k.i.
s.s.i.n.g
How dare you.  <--- famous communistChange is coming, yo Whether you like it or not. How double-dare you. I triple dare you! English. Do you guys speak it? You motherfuckers! #haiku
#thisisjustajokenotmeanttooffendanyoneyoumotherfuckers |
|
|
|
On the Bitmex drama, my thoughts. Some bitcoin companies are like lab rats: they have been left alone to experiment things that one day will become part of the new FINancialTECHnology world. Take Bitmex: bringing futures to the next level right? or finex or any other. Then they come and tell you, hey boy, this is our territory, how do you dare? And then they publicly admit that "Digital assets hold great promise for our derivatives market and for our economy". Yeah, right? Thumbs up to 600watt, somac. for https://bitcointalk.org/index.php?topic=178336.msg55302340#msg55302340Although, IMO, institutions will find a way to get into Bitcoin without an ETF. We've seen however, that in the last months despite the huge purchases, the price didn't move as much as it should. The only logical explanation is of course the fraudulent shorting using Mex and other not well regulated exchanges. There is also a non logical explanation. As we are normal people here, carefuly thinking about every detail, we tend to forget that there are people who are not like us. Take for example Las Vegas - how many addicted people are in the casinos losing all the cash they bring in their pockets! The same is with the addicted daily traders, who can't be called manipulators, but like vicious brainless piranhas eat the price down until their stash is gone in an endless stop loss chase. The removal of Mex shorters will tip the balance against the piranhas and in favour of the natural growth. So I applaud the CFTC action and hopefully it will shut down Mex and put their owners and other money launderers in jail, where they belong! I don't necessarily agree even though it looks like my post allowed you to get a merit boost (and I am overall surprised by those who merited you the most).  I will keep my position and see how all this will unfold. I am more conscious than ever that only dexes, layer2, coinjoins, LN and such could allow us a bitcoin true experience. If what you wrote will prevail, I will probably start to abandon the ship. I don't applaud the CFTC But we are friends anyway  Yes, there will be dips.
Yes, there will be peaks.
Yes, there will be pumps.
Yes, there will be dumps.
Just Zoom OutTM, chill, and have a beer!
If you're scared about a dip, you need some HoDL training...
Don't give them your coins.
A rusty nut won't budge, and that's about the only good quality of a rusty nut.
HoDL.
Sure man, I am like you on this. But, what I am seeing coming from the regulators is making me thinking (just have a look at V8's post up here). Maybe I am a bit naive but I don't want to become rich at the expense of my freedom, if you get what I mean.  I know I should elaborate more but I am confused. I hear you man, I'm concerned too, that we'll end up filthy rich, but unable to enjoy our riches... No joke. Karartma1, I don't think you need to abandon ship. Let's wait and see how this plays out. It's all good to have total freedom to do whatever we want, but do you remember how Elwar's seastead ended up? We've got to tread carefully, or my statement "we'll end up filthy rich, but unable to enjoy our riches" may come true. |
|
|
|
|
COVID-19 has now become a fashion symbol, and {P,FL}OTUS just follows the trend. Should boost their popularity. LOL!
|
|
|
|
[...]
what a shitshow.
Well said. I remember listening to 1-hour talks about "blockchain technology", without a single mention of the word Bitcoin. What a joke! I remember conferences and events where the word Bitcoin was almost taboo. Shitshow indeed. |
|
|
|
|
They thought rain was God crying...
...and then it was explained, and even predicted.
They thought the Earth was flat...
...and then it was proven to be round, before spaceships could verify it.
They thought objects heavier than air could not fly...
...and then they did, and even went to the moon and beyond.
Some thought light was a wave...
Others thought it was a particle...
...and then it was found that light is BOTH a particle AND a wave...
...simultaneously!
They thought mathematics was complete...
...and then it was proven that it cannot be.
Don't assume that something is or isn't true,
just because it defies our current understanding.
New light shall illuminate the room,
and regions that are now dark and uncharted,
will soon take us to new heights,
and later they will become obvious truths,
used by fools to show off their "expertise",
while trying to sound like Charlie Manson.
Just like Newtonians, who tried to disprove Einstein,
while they were on the same side all along,
like different regions of the same room, both shining bright.
I don't know why I wrote this.
Maybe because I see too many rocks mixed with aliens,
and it saddens me.
|
|
|
|
Haha, brilliant. She’s on board now  If I had to choose I'd rather get nagged for not selling at the top than about selling your bag way waaay too early. My advice is to NOT tell your GF/wife about how much BTC you have. Not easy, but you've got to try to keep it to yourself. Or, at least, be clear about who is in charge of said coins and who makes the decisions. LFC's 2018 post is infuriating at best. He ruined their lives by not selling when it was $19,000? Really? What is she going to say when it's @ $50,000? Or $250,000? "Oh, you're so smart!" Yeah, thank you. Love and flowers and romantic dinners are all nice and sweet, but when it comes to BTC, the key holder is the boss and total ruler of it, and no one should mess with his/her coins. Sorry LFC, I just couldn't resist! |
|
|
|
Grayscale have apparently bought another 17,000BTC in the last 7 days. The bull run is coming, boys.
The circulating supply is drying up, the price will reflect this in the next 18 months.
with all this buying, I really wonder who tf is selling all those bitcoin 45% under ATH price which was fkn almost 3 years ago. selling the best performing asset in the history of finance when it is on its way out of multiyear lows, one must be truly nuts. why tf did truly nuts folks buy it in the first place? just for trading? billions worth of coins only sold by traders? OG whales not patient enough to wait a few more months? miners? miners that need to cover cost? but them mining only 900 btc a day, so... unlikely. scared retail? I don't think. why getting scared now, the time to get scared and panic sell was in March. tinfoil hat therory: some entity (yeah- deep pocket banks or alike) bought a shitton of btc to dump it on every little sign of bull during this next potential run-up. because they know the next run-up is the last run-up. well ok, not very likely. but who is selling? mindrust sold 10 BTC on March. 17000 BTC / 10 BTC = 1700 full mindrust events. I think it's quite possible for 1700 weak hands to exist, and be ready to sell because they read the latest Peter Schiff tweet, no? Of course, said BTC really comes from a combination of sources, but I wouldn't rule out lots of small (single/low-double digits), weak fishlings which, when taken together, can amount to 1000s of BTC. Let them sell. Selling also means that someone's buying, so all is good, it's just corn being shifted from the dumb to the smart. |
|
|
|
|
Instead of haikus,
I see motherfucking rocks,
Solid, and with holes.
Aliens or not,
Whoever built those big rocks,
Knew something we don't.
It all seems crazy,
Like Grigori Perelman,
With his famous proof.
"All 3-manifolds,
Simply connected and closed,
Lead to a 3-sphere."
Henri stated it,
The crazy Russian proved it,
While picking mushrooms!
It all sounds coo-coo,
But not to everybody.
Seek, and ye shall find.
Gravity to rocks,
As hash power to Bitcoin,
Keeps fuckers away!
#7sundayhaikus
|
|
|
|
Seeing that WO is a little on the "rough & edgy" side lately, allow me to add a soothing note to the mix: Leonard Cohen - Villanelle For Our TimeLet the gentle music soothe your soul, and the lyrics touch your heart. — Goodbye, Leonard, and thanks for bringing us so much light, wisdom, and healing. |
|
|
|
|
^^^
Dude, I think you're too kind/honest to be a politician, so it's all good, no need to worry.
But... Don't forget that we all put our letters in envelopes (even innocent letters to mum), we don't send them open so that the text can be read by anyone. Privacy doesn't necessarily mean illegal activity. Some things must be kept private, and I hate it when this privacy is violated.
|
|
|
|
I honestly say.... Listen happily to my dailey BS and view me walking naked, couldn't be less bothered.... Pffff they will shut down themselves if they saw my episode when I got my ass dumped I hear ya! The problem is elsewhere. Today, you don't give a fuck. But what if in 20 years (for example's sake), you are someone incredibly rich and incredibly important. They will use all that collected info - most likely against you. [highest bidder wins] Maybe you don't know..... But you're writing with the most important man/occupant of this laptop i'm sitting behind, what are they gonna use against me.... I'm not afraid someone throwing my dick on the net Still if i'm a normal guy, not doing the most worst things, cheating when with someone or stealing or .... Then they can use what they like, its not that i'm gonna be the next president of the US even not the King of this little Belgium I might or will be important for some, but still I have never been bothered with to much sh*t ....... Dude, I think you have a point, but CryptoTourist also has a point. It's alright when we are unknown and insignificant to the public. Nobody cares if you or me did some kinky stuff in bed with our GFs. But just imagine running for some official position (I don't think I ever would, but talking generally), and those photos/videos are in the hands of your opponents, or enemies... That's how they control political leaders. They invite them to Epstein's island, and then they tell them what to do. |
|
|
|
I'm sure I must have watched (part of) this movie, but I just can't remember anything about it right now... Already downloading downloaded the remastered version. Will watch it tonight. I'm a big fan or Orwellian-type movies. Should watch Soylent Green one more time. Watched it 1st time when I was a little child (parents didn't care much about movie ratings), and it has affected me in certain ways... Watched it last night. And no, I hadn't watched it before, not even part of it. Which is strange, given that I've watched a great many movies of this period... Thought-provoking, albeit a bit cheesy and cliché at times. Very good for its time (1988). Reminded me of Soylent Green and Brazil (which I should watch again). The fight between Nada & Frank was hilarious. Just wear the fucking glasses man! Damn! Nada: " I have come here to chew bubblegum and kick ass... and I'm all out of bubblegum." Epic! Good suggestion, thanks Karartma1. |
|
|
|
I'm sure I must have watched (part of) this movie, but I just can't remember anything about it right now... Already downloading downloaded the remastered version. Will watch it tonight. I'm a big fan or Orwellian-type movies. Should watch Soylent Green one more time. Watched it 1st time when I was a little child (parents didn't care much about movie ratings), and it has affected me in certain ways... |
|
|
|
|
@LFC:
Man, UK pubs were already closing far too early, compared to most other countries (last round @ 11:30pm IIRC)... Looks like COVID-19 sealed the deal! Now families can take their kids with them to the pub, and be back home in time for bed.
|
|
|
|
|
Show Posts
