JayJuanGee
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Activity: 3696
Merit: 10180
Self-Custody is a right. Say no to"Non-custodial"
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June 04, 2014, 06:14:39 PM |
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I am pretty confident we are the new wealthy elite, gentlemen.
What did happen to the OP, Atlas?
I remember he caused "trouble", but why was he actually banned forever/what big rule(s) did he break?
He falsely claimed he was going to kill himself. Some people contacted the authorities about it. It wasn't the first time he was banned either. Yes, that is worthy of a ban, thanks for filling me in. Let's hope he grew up a bit... Worthy of a ban, in the event that he lived. If he died, then he died,but if he lived, then he gets banned... Go Figure! |
1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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JayJuanGee
Legendary
Offline
Activity: 3696
Merit: 10180
Self-Custody is a right. Say no to"Non-custodial"
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June 04, 2014, 06:21:03 PM |
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Gold plated hookers into the love chamber
I'd think twice before jumping off to that bed. The wooden fittings look quite weak to me. What will happen if the joints break (during some heavy-weight action) and the glass basement is breached?  That's why you get your chicas as skinny, and from what I heard in another thread, if you are a true cyber geek, then you are going to be a skinny nerd type anyhow, and between the two on the bed, should NOT be much over 200 lbs. |
1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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jonald_fyookball
Legendary
Offline
Activity: 1302
Merit: 1004
Core dev leaves me neg feedback #abuse #political
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June 04, 2014, 06:51:45 PM |
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Gold plated hookers into the love chamber
I'd think twice before jumping off to that bed. The wooden fittings look quite weak to me. What will happen if the joints break (during some heavy-weight action) and the glass basement is breached? That's why you get your chicas as skinny, and from what I heard in another thread, if you are a true cyber geek, then you are going to be a skinny nerd type anyhow, and between the two on the bed, should NOT be much over 200 lbs. There's two varieties of nerd. Skeleton skinny and grossly obese. |
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Rakessh
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June 04, 2014, 10:05:56 PM |
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Gold plated hookers into the love chamber
I'd think twice before jumping off to that bed. The wooden fittings look quite weak to me. What will happen if the joints break (during some heavy-weight action) and the glass basement is breached? That's why you get your chicas as skinny, and from what I heard in another thread, if you are a true cyber geek, then you are going to be a skinny nerd type anyhow, and between the two on the bed, should NOT be much over 200 lbs. Physics man, physics. The more mass you have supporting the beams the better. Air is terrible at supporting beams like this, but water is actually *TONS* better...  You might not have known this, but water is a lot harder to displace than air... who would have thought uhuh? |
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KeyJockey
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June 05, 2014, 05:15:54 PM
Last edit: June 10, 2014, 02:08:36 PM by KeyJockey |
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Hey, fellow bitcoiniacs... just wanted to make a post in this epic, historical thread to mark my place here, in advance of bitcoin's start up the REAL climb of the S-Curve, LOL. Really wish I'd been as smart as some of y'all here, to have recognized what bitcoin IS and what it MEANS, 'way back in those early days of page 10 or so of this thread. But my being here now, on page 74, is still something, I hope. Perhaps people coming here in the future, after like page 100 or whatever, will look back at us Page74's as being the lucky ones, to have come in so "early"... heh. Well, let's hope so anyway. Here's hoping the few BTC I've managed to pile up so far will still qualify me for entry into that rarefied "wealthy elite", LOL |
- 1KeyJKVWVxdavKTetDJpQWdUaota5jbtX6 -
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zimmah
Legendary
Offline
Activity: 1106
Merit: 1005
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June 05, 2014, 05:39:59 PM |
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Welcome Key, and I think you're right. I also hope so.
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beetcoin
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June 05, 2014, 06:11:24 PM |
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even if i were ultrawealthy, i don't know if i could live it up quite like a few of you guys would do it. i'd probably just have a normal sized house, and the only luxurious thing i would have is maybe a tesla.. the $40k model  |
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DolanDuck
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June 05, 2014, 07:25:54 PM |
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Tell me when you will buy the Tesla supercar, I really want to try it for a single time, speed and silence together, much wow.
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PRIMEDICE The Premier Bitcoin Gambling Experience @PrimeDice
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rocks
Legendary
Offline
Activity: 1153
Merit: 1000
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June 05, 2014, 09:48:16 PM |
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even if i were ultrawealthy, i don't know if i could live it up quite like a few of you guys would do it. i'd probably just have a normal sized house, and the only luxurious thing i would have is maybe a tesla.. the $40k model The smart ones will never touch the principle, and only spend the investment income that is left over after a certain level of reinvestment required to keep investment income growing with (real) inflation. You actually need quite a bit of money to do this. Real wealth buys someone time and freedom from having to work ever again, which frees one to pursue interests and life endeavors as they come and go. Time is the measure of wealth, not houses, cars, vacations, etc. |
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beetcoin
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June 05, 2014, 09:50:43 PM |
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even if i were ultrawealthy, i don't know if i could live it up quite like a few of you guys would do it. i'd probably just have a normal sized house, and the only luxurious thing i would have is maybe a tesla.. the $40k model The smart ones will never touch the principle, and only spend the investment income that is left over after a certain level of reinvestment required to keep investment income growing with (real) inflation. You actually need quite a bit of money to do this. Real wealth buys someone time and freedom from having to work ever again, which frees one to pursue interests and life endeavors as they come and go. Time is the measure of wealth, not houses, cars, vacations, etc. well, if your intention in life is to "live it up," that could be a problem.. and i'm thinking a lot of people are like that. especially when they feel like their money wasn't earned. |
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SlipperySlope
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June 05, 2014, 10:01:21 PM |
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The smart ones will never touch the principle, and only spend the investment income that is left over after a certain level of reinvestment required to keep investment income growing with (real) inflation. You actually need quite a bit of money to do this.
There will probably not be any investment income from holding bitcoins in the near future. The rate of deflation is simply too high for anyone to pay back a loan in bitcoins. This one way that Bitcoin upsets the old paradigm. You actually must spend part of the principal, if you are not earning bitcoin from rents or a salary. See the (SSS) - A Sane and Simple bitcoin Savings plan. |
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Ron~Popeil
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June 05, 2014, 10:06:13 PM |
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The smart ones will never touch the principle, and only spend the investment income that is left over after a certain level of reinvestment required to keep investment income growing with (real) inflation. You actually need quite a bit of money to do this.
There will probably not be any investment income from holding bitcoins in the near future. The rate of deflation is simply too high for anyone to pay back a loan in bitcoins. This one way that Bitcoin upsets the old paradigm. You actually must spend part of the principal, if you are not earning bitcoin from rents or a salary. See the (SSS) - A Sane and Simple bitcoin Savings plan. Starting a successful business might be the only way to grow your bit coin wealth at that point. This new system really shatters old paradigms. |
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scribbles
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June 05, 2014, 10:13:27 PM |
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Too late to the game? I hope not, I'm just starting to hold BTC now in addition to using it for purchases when I can.
Not much to say except 'hello!' as I enter on page 75 and look forward to more conversation in the future.
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SlipperySlope
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June 05, 2014, 10:16:47 PM |
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Too late to the game? I hope not, I'm just starting to hold BTC now in addition to using it for purchases when I can.
Not much to say except 'hello!' as I enter on page 75 and look forward to more conversation in the future.
Come back at least once a year to check in. The price today is $664.11 per bitcoin. |
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ezimedia
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June 05, 2014, 10:45:25 PM |
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ok I am on page 75 and hope I am lucky and I can invest more into BTC in the near future... just don't have much fund to do it right now  |
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smoothie
Legendary
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Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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June 05, 2014, 11:24:22 PM |
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One of my favorite quotes ever posted on this forum is on page 1 from billyjoeallen: " I don't care about the busts. I am riding this pig wherever it takes me. If it tanks, I'll have a helluva story to tell. I'm sick of half measures. I'm swinging for the fences and If I strike out, so be it. I won't be some mediocre drone living a life of quiet desperation. I believe in bitcoin and I'm going for broke, knowing the risks." https://bitcointalk.org/index.php?topic=12156.msg169810#msg169810Awesome. Thanks for pointing that one out. It is admirable that some go all-in but at this point with most of us having 1000% or more gains behind, starting to diversify is generally a prudent strategy. It develops you as a person when you have to deal with the outside world  I have been advocating selling 65-90% of what your top stash has been, methodically in our way to $1,000,000. After that there is no reason to "sell" any more as BTC will be a world currency. I believe that this is still the reasonable approach for most: - Buy as many bitcoins as you want - Wait 3 months - Start selling a set percentage of the stash every time the price goes up X%, set the schedule such that you will still have a lot at $1M - Do not sell or buy at the dips (<- traders can do what they want but most people do better by my method) More discussion in the SSS thread
. Are you following your own example plan or are you still day trading like earlier this year and late last year? I'm not against the plan you pose above, in fact I support it, but it is easier said than done when your motto is to diversify. Price upticks generally get people to sell. I've diversified out of bitcoin enough to be fine with my gains even if Bitcoin went to zero. But still have a good stake in it should it continue to the Milky Way. All in all, people who keep their funds on exchanges to attempt to scalp the markets will likely end up losing purely based on the single biggest security issue with that type of method, 3rd party risk. |
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jonald_fyookball
Legendary
Offline
Activity: 1302
Merit: 1004
Core dev leaves me neg feedback #abuse #political
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June 06, 2014, 12:56:23 AM |
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It's like "just shut up and hodl"
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LostDutchman
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June 06, 2014, 01:04:53 AM |
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It's like "just shut up and hodl"
Well, yeah but you also might do a little day trading with part of your stock of BTC. |
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Ron~Popeil
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June 06, 2014, 01:10:40 AM |
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It's like "just shut up and hodl"
Well, yeah but you also might do a little day trading with part of your stock of BTC. If i tried day trading I would be broke. My gambling skills are about the same. I just look for prudent and safe investments. |
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LostDutchman
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June 06, 2014, 01:49:06 AM |
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It's like "just shut up and hodl"
Well, yeah but you also might do a little day trading with part of your stock of BTC. If i tried day trading I would be broke. My gambling skills are about the same. I just look for prudent and safe investments. Then you are doing exactly what you should be doing and do not feel in any way bad about your position. Harry Callahan said: " A man's GOT to know his limitations." Do what you do and do it well. You will be both happy and successful. |
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