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About spending some of your corn now...
The only two things I've bought with my corn are my Trezor (soon to become the most expensive h/w wallet in the world -- excluding the coins in it), and a site subscription (fortunately only paid once).
Whenever I think of spending some of my corn, I think of Laszlo's pizza story...at which point I log out of my wallets and order two double pepperonis using fiat. Somehow the pizzas taste better that way...
GTCTTWW.
HoDL.
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Image shows properly on my side... |
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Look how cute WO looks using Dark Reader. Try it. Your eyes will love it.  |
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Corn sideways with an undertone of up. Stonks look happiest. What is there to rejoice?
Corn sideways. What's new? Undertone of up. I like the sound of that. Stonks. Word fits perfectly. Like a sad, dying clown. It should be rather obvious by now, that I have nothing better to do than post stupid stuff on WO... Come on, Bitcoin. Do something! |
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Okay fellas, didn't wanted to share this in the inter web but I am drunk irl for the first time in my life (Sorry LFC  )and emotions kicking in.. so sharing with you guys some good news. Somehow i feel that i am youngest fella in WO and i kinda admire some of you, to name a few love birds JJG, v8, Bob, Vap, Jo, Nutella. so letting you fuckers know that i am going to become daddy soon. Me and my partner didn't drop this nuclear bomb to our families for obvious reason, regulars might know why? but sharing here anyways because...... ...mhmm. Congrats man. Lucky kid. Born a rich coiner... |
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Stock-to-flow is nice.
It shows us where we're going.
Like we didn't know...
#haiku
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Number going up...
Number going down...
Guys, you're just reading the noise.
Number has been going up since 3 January 2009.
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Guys, aren't you excited by the FACT that most of us will be USD* millionaires by the end of 2021?
I know I am!
* Not that I care much about the sucker, but it can still buy us some nice LHB...
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Not too long ago, I won LFC_Bitcoin's Vegeta game. Prize was the BTC equivalent of $50 at that time. Amount was placed in my phone wallet (which was empty). No other funds were added since then.
My phone wallet balance now: $72!
Will use this as an indicator of BTC value. The LFC Bitcoin Price IndicatorTM
Onwards & upwards!
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Case in point....I dumped all my Darkcoin (Dash) when it "pumped" to $5. And was laughing at whoever the "sucker" was who bought them.
Yeah....look how that worked out.....
At least you weren't that guy who tried shorting the Dash pump on Polo and lost all his BTC. Man, I feel for this guy... More than 100 BTC lost in a matter of days. One more reason to HoDL and be patient. No need to be greedy, just appreciate what you have and commit to your strategy. I wouldn't even think of trading, even a small amount. Been there, done that. Too much effort, and in the end, the gains (if any) were insignificant. Never again. Wouldn't be able to handle the pressure and stress... I'm very happy as I am, why mess things up? |
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I'm in no hurry for the upcoming bull run, but...
...I wonder what's so special about $12,000. Is it so significant as a number? I'd think $10,000 would be a tougher nut to crack.
Edit: Could it be related to $12,000 being close to 10,000 ?
I don't think so, we have broken the 10,000 already various times. Currently 10.031,24 . I believe that the supports and resistances of BTC are referenced to its comparison to the $. Yeah, but it goes up/down around 10,000 ... Now 9996.6 (Kraken). I hope we rise (and stay) well above $12k (or 10k ) soon. |
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I'm in no hurry for the upcoming bull run, but...
...I wonder what's so special about $12,000. Is it so significant as a number? I'd think $10,000 would be a tougher nut to crack.
Edit: Could it be related to $12,000 being close to 10,000 ?
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My grown-up kids and wife of decades are educated in the convoluted process of retrieving my coins should I get hit by a bus.
I dont worry about them conspiring to rob me, because if that were to happen my life would have been a worthless sham and my problems far bigger than mere money.
Perspective.
I don't doubt that. Surely, they wouldn't rob you. They love you. But your grown-up kids and wife of decades are only humans. Humans make mistakes. The more people you reveal the seed to, the higher the chances the security of your coins is compromised. Period. Wife has a dear sister, they love each other to bits, and women like to talk a bit too much. Out in the pub, chatting away, wife casually mentions to sister that she's OK financially, because husband (you) is really smart, he has taken care of it, by owning Bitcoin. Wife's sister doesn't know/understand much. A few days later she casually mentions this to her colleagues at work: "maybe we should buy this thing called Bitcoin, see, my sister's family is set for life, they own lots of them." Word spreads. The wrong kind of people hear about it. Next thing you know, your family is kidnapped and the seed is wrenched out of you (or the wife). Coins gone, even lives are in danger. Just by a simple, innocent slip of the tongue. But sure, I see your point and I agree, it's just that there's no need to overdo it. Just pick one or two very special people in your life and make sure they understand that they should never ever talk about it to anyone, even those very close to them. Then, as already mentioned, there's Shamir's Secret Sharing, which is a very good way to secure your coins by splitting the seed to different pieces.  |
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Life was giving me a hint at the grocery store  went over my head..oh well as the proverbial saying (from a hairdresser) goes "you can't do them all". Is that the WO thread when BTC hits 200k? Yes (not to scale). |
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Fixing the FT ad title: "Now is always the time to invest in bitcoin."I hate to be quibbling.. but seems that my systems have been rebooted... and I cannot help my lil selfie. In substance, I'm not disagreeing with you AlcoHoDL, but I thought that "we" have kind of modified our thinkenings on such BTC accumulation topic based on some degree of recognition that we cannot travel back in time (at least not in practice, so far). Accordingly, our overall statement would go something like this: The best time to buy BTC would have been several years ago; The second best time would have been a shorter time horizon into the history, such as yesterday, last week or last month; The third best time to buy BTC is that you better fucking get your shit in order and start making your BTC buying preparations immediately.. and without delay... and get your ass buying lil fiends, now... and keep buy often until reaching your BTC accumulation goal.. which hopefully is a sufficiently aggressive accumulation goal... 1% is o.k. and 10% is likely MOAR better.. PS to the advert (to cover our asses): #DYOR .. #YMMV.... #BTMFD.Many of us recognize that in recent times, we had been through another (comparing to the 2014/15/16 period) LONG ASS period of more than 2.5 years in which BTC accumulation could have been been accomplished in much more moderate, modest and slow paced ways, but we are likely entering into a phase in BTClandia (nothing is guaranteed in BTClandia) in which moderate, modest and slow-paced may be becoming a less prudent way of going about BTC accumulation (and acquiring a meaningful BTC stake).. and front-loading might end up being more prudent and practical than moderation, modesty and/or slow-pacedness.. (again, nothing is guaranteed in BTClandia)... I sense my 12k toes tingling
 Essentially we're saying the same thing. I just removed the impossible (the past). Of course, if I could travel back in time, buying BTC would be the very first thing I'd do. I still haven't forgiven myself for not buying moar in 2015, ending up spending the same amount of fiat I had then, to buy much less corn later. Hesitation is costly in bitcoinlandia, the early bird gets the worm, the later bird is still OK, but it has to wait. But it's still OK. History has shown that buying BTC whenever you can, has been (most of the time) a very profitable move. Add a few years in the future, and (perhaps) you could replace "most" with "all" in the previous sentence. Can you imaging someone buying right at the ATH point? I have a friend who did so in 2017. He must be so sad now... Should he be? Maybe not. I could place a bet that his face will turn from  to in a couple of years. So, subtracting the impossible, the best time to buy is now, or in the near future if you think you can outsmart it (hahaha). My advice to anyone reading this: DON'T share PINs, passphrases, seeds, anything of that nature, with ANYONE, not even your parents, children, spouse, etc. They may be the most trustworthy people in the world, but they may carelessly compromise the security of your coins.
But...if you want your loved ones to inherit your stash after you are gone, you have to figure out a way to leave it to them. Otherwise your stash access dies with you. And keep in mind that you could die any second (e.g., sudden heart attack, getting hit by a bus, etc.) so you may not have time or opportunity to give them access to it on your death bed. Yes, that's exactly the problem. Not easy to solve. We must find at least one person in our lives, who can handle this thing. Banks, wills, etc. is how it's currently done. With Bitcoin we're on our own. Even teaching someone to transact in Bitcoin can be a challenge. Just imagine explaining about wallets, seeds, passphrases, keys, addresses, etc. Not (yet) easy for most... What about the letter to the lawyer or whoever that is in your safe or whereever that explains everything upon your passing? xhomerx10 just replied with a near-exact copy of what I was about to write. |
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My advice to anyone reading this: DON'T share PINs, passphrases, seeds, anything of that nature, with ANYONE, not even your parents, children, spouse, etc. They may be the most trustworthy people in the world, but they may carelessly compromise the security of your coins.
But...if you want your loved ones to inherit your stash after you are gone, you have to figure out a way to leave it to them. Otherwise your stash access dies with you. And keep in mind that you could die any second (e.g., sudden heart attack, getting hit by a bus, etc.) so you may not have time or opportunity to give them access to it on your death bed. Yes, that's exactly the problem. Not easy to solve. We must find at least one person in our lives, who can handle this thing. Banks, wills, etc. is how it's currently done. With Bitcoin we're on our own. Even teaching someone to transact in Bitcoin can be a challenge. Just imagine explaining about wallets, seeds, passphrases, keys, addresses, etc. Not (yet) easy for most... |
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^
How you interpret trust might be a cultural thing, I don't see that we disagree really.
Yes, we agree in essence. Often people mix love with trust. I've heard cases where spouses demand to know such details as proof of love/trust etc. They should know that a seed needs special handling. And we should know who to share it with (or if we even should disclose ownership of coins to certain people). The small, insignificant value of Bitcoin a few years ago, has now turned into a very serious thing that forces owners to reconsider and re-evaluate their security practices. |
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Or, you could just write it on a piece of paper and give it to someone you trust.
...and then the person you trust misplaces that piece of paper, and it ends up in the hands of someone you DON'T trust. Your coins are gone! My advice to anyone reading this: DON'T share PINs, passphrases, seeds, anything of that nature, with ANYONE, not even your parents, children, spouse, etc. They may be the most trustworthy people in the world, but they may carelessly compromise the security of your coins. Perhaps, you could share the seed with only one or two very special persons in your life, who fulfill all of the requirements below: 1. You fully trust them (obviously), 2. They understand what Bitcoin and the seed are, and are crypto-literate, 3. They take security matters VERY seriously, 4. Loved/family persons (parents, spouses, children) should be excluded if they don't satisfy 1~3, no matter how much you love them! If persons belonging to (4) get mad at you for not sharing the seed with them, and complain that you don't love/trust them, etc., it means that they don't understand the implications of (2) and (3), and should never be given access to the seed. IE. Give it to someone you trust. Nope! Trust is not enough. When you need heart surgery, you go to a heart surgeon, preferably one you know is very good at his job (trust + knowledge). You don't let your brother or wife do it (you really trust them, and they love you, but they'll kill you if you let them operate).  No, I do not trust my brother to perform heart surgery. The things you have written as 1. 2. 3. and 4. = trust. If you put it that way, yes. I just wanted to stress that you should not give anyone access to your seed, unless they know how to handle it. Trust, in the traditional sense, may not be interpreted that way... Better safe than sorry! Also, we are only humans, so even someone who fulfills 1~4 in my post above, could make a mistake. That's why I said, "never share with anyone". The less people know, the safer it is. |
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Or, you could just write it on a piece of paper and give it to someone you trust.
...and then the person you trust misplaces that piece of paper, and it ends up in the hands of someone you DON'T trust. Your coins are gone! My advice to anyone reading this: DON'T share PINs, passphrases, seeds, anything of that nature, with ANYONE, not even your parents, children, spouse, etc. They may be the most trustworthy people in the world, but they may carelessly compromise the security of your coins. Perhaps, you could share the seed with only one or two very special persons in your life, who fulfill all of the requirements below: 1. You fully trust them (obviously), 2. They understand what Bitcoin and the seed are, and are crypto-literate, 3. They take security matters VERY seriously, 4. Loved/family persons (parents, spouses, children) should be excluded if they don't satisfy 1~3, no matter how much you love them! If persons belonging to (4) get mad at you for not sharing the seed with them, and complain that you don't love/trust them, etc., it means that they don't understand the implications of (2) and (3), and should never be given access to the seed. IE. Give it to someone you trust. Nope! Trust is not enough. When you need heart surgery, you go to a heart surgeon, preferably one you know is very good at his job (trust + knowledge). You don't let your brother or wife do it (you really trust them, and they love you, but they'll kill you if you let them operate). |
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