Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[JimboToronto]

Children are not good investment.

That depends how you look at it.

My mother once said that children are an investment and grandchildren are the dividends.

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[bitserve]

Children are not good investment.

They have the biggest return on investments. Calculate how much you spend on each child. Some families have 5 or 6. 20 to 30 years later, they each make maybe 50k per year so 300k total, if you took care of them. More if they are smarter than you. Not counting all the fun you should have had all that time, (and all the problems too, of course.)

If you live to be a grand parent, well, they say they have the greatest joys... 10+ grand kids who you don't have to take care of at night, just play with them during the day. Unless you're still supporting your children (and grandchildren) because they suck. Well, that's partially your fault.

I don't have any (that I know of). But what I said as sorta joke it is in fact the reality of some of my friends that have them. Maybe the situation of my country doesn't help and there are lots of "children" older than 30 still living with their parents (even if they DO have a job).

Joke aside, I supposse the ROI is based on other benefits aside from an economical perspective.

[Dabs]

Yeah, its more than just economics. I mean, if all your kids are bummers and failures (which means you are one too), then that really sucks. Even the poorest countries with the poorest peoples, come out with great kids.

Early in life, one of the better investments is in yourself. Get educated. (Debatable whether that's from a formal school or not). But at least learn how to live a good life. So many sites and books out there that give lists or steps of things that you should know how to do, or be able to do. Some examples:

A man ought to be able “to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly.”

Some other things more "modern" would include:

1. Know how to change a flat tire, even if you don't do it yourself.
2. Learn how to dress up.
3. Know CPR.
4. Fix things in the house.
5. Swim
6. Run fast
7. Lift heavy stuff. (Barbells!)
8. Know one or two (or more) martial arts, don't need to be a black belt (just remember some Asian countries "force" all their kids to learn to this level by highschool.)
9. Get a degree if you can. Whether you use it or not is another matter.
10. Load, shoot, and clean a firearm.

I'm sure there's entire webpages full of these things. Go make your own.

[aesma]

In my country parents must take care of their children until they're 25yo, by law. And children must take care of their parents forever.

If I look at my grandparents on both sides, it worked out as intended, both couples lived in houses bought by their children and were taken care of till their death.

I don't have children yet but I believe they don't cost that much. If you spend a lot of money raising kids you're really spending a lot of money on yourself, which is fine of course, just don't accuse the kids.

[gembitz]

Good morning Bitcoinland.

I see we had a nice little correction after yesterday's decent rise... currently $4165USD/$5195 (Bitcoinaverage). That's still up on the day.

AltCash is hanging in, also up a smidgen at $459USD/$572CAD (Coinmarketcap). Back in #3 ahead of Rip(off)ple.

Let's keep this uptrend smooth, steady and not too fast, but not too slow either.

pole vault to $1O,OOO dollars weeeee

[Karartma1]

I love this thread  Reading all the posts that brought us to kids, CPR and all the rest of it is amazing.

Ok back to business: below a truly relevant post that in my opionin needs to be highlighted.

Wall Street analyst unleashes on Jamie Dimon and everyone else calling bitcoin a fraud
http://www.businessinsider.com/bitcoin-price-bubble-tulips-2017-9

"If one describes Bitcoin as a fraud, how would one describe a ‘financial cloud’ that is at least 4x-5x larger than the underlying economies? It is unlikely that US$400 trillion+ of financial instruments circulating around the world would ever be repaid and most are now backed by assets that are already either worthless or are diminishing in value. How does one describe rates and the yield curve that are either directly determined by CBs (BoJ or PBoC) or heavily influenced by them (Fed or ECB)? People living in glass houses should not throw stones."

If I recall it correctly Bitcoin was born on 2009 with this very statement in mind

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks

All this tells me Bitcoin is on the right track and I hope it'll stick to it. 

[JimboToronto]

pole vault to $1O,OOO dollars weeeee

Pole vault? More like a trampoline. 

[conspirosphere.tk]

Now we are in a thread where we can be a little off topic I thought I would mention I have come home from work

if you're still working you've been failing as a legendary imo. and that vomit thing is not gentleman even. You should have a platoon of wet nannies serving yourself and the kids now.
Because being breastfed is better than a cigar.

[Ibian]

Now we are in a thread where we can be a little off topic I thought I would mention I have come home from work and had a nice shower, put some clean clothes on and feel good.

My wife says ok, one has the kids and the other does dinner. Of course I opted for kids, I hate doing dinner. I then ask my 2 yr old to go into the living room and I then pick up my 1 month old baby boy.....


He then projectile vomits 3 times all over me. We are both totally covered and I mean absolutely drenched.

I had 2 options and I should have chosen dinner.

Option the third (there is always a third option, and you should usually take it): make all the money so the woman does all the housework.

[Dabs]

Option the third (there is always a third option, and you should usually take it): make all the money so the woman does all the housework.

That's what I'm trying to do. However, a bunch of things around the house still need to be done by man, either traditionally, or because she can't do it. I do all the electrical and carpentry work and fix random things that get broken. She does the dishes, (I do them sometimes) but I usually throw the trash out. And of course, I set up the wifi network at home, so she can do all the insta-facebook-twitter-youtube, while I do all the bitcoins (and altcoins.)

[yermom]

So whats caused all the spam in the mempool?- no prizes.

The spam outputs, generated by the first four waves of fan-out transactions, had been starting to move since autumn of 2015 — sort of. Whoever controlled these addresses had been broadcasting transactions to spend these outputs over the network. However, for a long time, miners did not include these “spam broadcasts” in their blocks; the transactions were ignored.

Up until the second half of 2016, that is. At a very specific point in time, a group of seven mining pools started to suddenly accept these spam broadcasts and include them in the blocks they mined: 1-Hash, Antpool, BitClub Network, BTC.com, HaoBTC, KanoCKPool and ViaBTC.

Full article - https://bitcoinmagazine.com/articles/curious-case-bitcoins-moby-dick-spam-and-miners-confirmed-it/

Wall Street analyst unleashes on Jamie Dimon and everyone else calling bitcoin a fraud
http://www.businessinsider.com/bitcoin-price-bubble-tulips-2017-9

"If one describes Bitcoin as a fraud, how would one describe a ‘financial cloud’ that is at least 4x-5x larger than the underlying economies? It is unlikely that US$400 trillion+ of financial instruments circulating around the world would ever be repaid and most are now backed by assets that are already either worthless or are diminishing in value. How does one describe rates and the yield curve that are either directly determined by CBs (BoJ or PBoC) or heavily influenced by them (Fed or ECB)? People living in glass houses should not throw stones."

Amazing news people!

[xhomerx10]

Children are not good investment.

 Well who are.you going to leave your Bitcoin stash to then?  A true Hodler would have a child.

[conspirosphere.tk]

Well who are.you going to leave your Bitcoin stash to then?  A true Hodler would have a child.

Not me. That's being too anal. Better go with a bang. And you never know if they accept btc on the other side.

[bitserve]

Children are not good investment.

 Well who are.you going to leave your Bitcoin stash to then?  A true Hodler would have a child.

Good point. But in my case I have already established who my stash is going to and how to do it. They well deserve it. If they don't outlive me, or the stash grow much bigger than it is now (it is certainly a possibility I expect) maybe I will add some charity or whatever. My net worth besides cryptocurrencies is probably going to my parents (which don't really need it AT ALL) unless I decide to change that sometime in the future.

Have I had any children, yes, it would have all gone to them without doubt. But I don't, and even if I could be "in time" and have the means for it..... I am too greedy with my own time (I can't increase my "time" stash no matter what) left and I want it all for me. So, no childrens for me.

[BlindMayorBitcorn]

Now we are in a thread where we can be a little off topic I thought I would mention I have come home from work

if you're still working you've been failing as a legendary imo. and that vomit thing is not gentleman even. You should have a platoon of wet nannies serving yourself and the kids now.
Because being breastfed is better than a cigar.

I registered here four hours before rj. He's such a noob.

[bitserve]

Children are not good investment.

That depends how you look at it.

My mother once said that children are an investment and grandchildren are the dividends.

For some reason I thought you had no children, Jimbo.

Don't ask me why, just a thought!

[steelboy]

Now we are in a thread where we can be a little off topic I thought I would mention I have come home from work

if you're still working you've been failing as a legendary imo. and that vomit thing is not gentleman even. You should have a platoon of wet nannies serving yourself and the kids now.
Because being breastfed is better than a cigar.

Legendary is quite a big window of time. 2014 is very different to 2011 in Bitcoin terms.

I should be legendary by now, just sometimes don't feel like saying anything 

[steelboy]

In fact I'd probably say above 2000 activity like yourself could get a new title. Mythical maybe?

[conspirosphere.tk]

I registered here four hours before rj. He's such a noob.

Old jeezers without even a breastfeeding secretary?! Fail!

[rjclarke2000]

Now we are in a thread where we can be a little off topic I thought I would mention I have come home from work

if you're still working you've been failing as a legendary imo. and that vomit thing is not gentleman even. You should have a platoon of wet nannies serving yourself and the kids now.
Because being breastfed is better than a cigar.

Whoa whoa whoa.

Failing?  My first bitcoin was bought between $100-$200 and the most I have ever spent on one bitcoin is $400. I accumulated some coins during the bear market after gox. To not work I would have have had to invested around $50k at this time. (Which I did not unfortunately)

I wish I was earlier in to bitcoin believe me.

Anyway, I feel I am in a decent position right now.