bones261
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May 27, 2018, 04:42:12 AM |
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Do you really get rekt every time, bones, or is it just preventive whining?
(You're free not to answer this, of course. It's just a cocky opening.)
I'd try and make the bet smaller relative to my playroll, keeping leverage at maybe 3 tops, 1~1.5 even better. "Going long" can actually mean buying a few cents and stashing away. So can "taking profit." Increasing the amount in the freezer is probably the most hopeful subgoal to gambling with 100% house money.
I mean: you know a few things about retirement and taxes. I'm sure you made a few calculations. I know you understand this magical internet money fairly well, too. Come on.
To be blunt, my finances are a horror story. I truly am REKT. My cryptocurrency portfolio has never been large. We are talking less than 1 BTC worth ATM. Also, everyone knows the saying that those who can't, teach. Definitely applies to me when it comes to retirement. I have jack shit saved up for retirement and I am 50. I basically live paycheck to paycheck and the balances on my credit cards increase monthly. I have been working the same job for 15 years and I am probably way overqualified for the position. I hate to admit it, but I am truly an unmotivated loser. What has been nice, starting in November of 2017, is that I did get to cash out on my cryptocurrency profits to keep my head above water. Unfortunately, that well is going to dry up rather quickly. Especially if the BTC market keeps going with the current downtrend. Sometimes I'm just tempted to liquidate all my meager cryptocurrency holdings right now. However, a part of me wants to hold on for as long as possible because quite frankly, it gives me a little ray of hope that maybe things will turn around, and I can delay the looming bankruptcy filing indefinitely. I will probably regret this posting, since I have bared all to practical strangers. Oh well, at least it was a little therapeutic to have my own pity party.
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jojo69
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diamond-handed zealot
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May 27, 2018, 05:08:01 AM |
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Darkness rises... Jesus fucking Christ Bob! just stop...fuck my pills, where are my pills
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bitserve
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Self made HODLER ✓
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May 27, 2018, 05:11:32 AM Last edit: May 27, 2018, 06:29:45 AM by bitserve |
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I think I get it now. 401K, IRA, etc... are private (individual choice) retirement/savings plans same like here.
Social security also seems to be the same than here (except for the medical care, that it is fully included for everyone no matter how much they contributed or if they have additional private medical plans) .
Also it is the same situation in that the cashflow has been reduced due to the poblation growth (or lack of younger workforce in relation to retirees) and the retirement age has keep increasing. To me it will be, at least, 67 (maybe they will increase it higher by the time I reach it).
It is also the same in that it is expected that they will have to increase contributions or reduce pensions sometime in the future as currently the cashflow is already negative and the reserves are almost empty The money will have to come from somewhere to keep current benefits....
Currently the social security pensions for people that had good salaries "guarantees" and get the max are more than enough for a reasonable retirement even without the need of additional private pension plans or significant previous savings..... but that is probably going to change in the future.
I think have never read people talking about social security when discussing about retirement here and only about 401k's, IRA, etc so I had the doubt if that there was the case that no (forced) social security was in effect in USA. Or maybe the current amounts of that social security are so small in comparison to previous salaries that noone takes it into account?
Unfortunately the maximum Social Security benefit someone can get right now is $2,639 at full retirement age, a little more if you wait until you are 70. Most people did not earn enough to get that amount. If someone is going to be planning on living just on their Social Security benefits, they will be living in poverty or close to it and will need additional aid such as Section 8 housing and food stamps. At age 65, almost everyone is entitled to part A Medicare which covers hospital stays. If you want part B, which covers other services not related to a hospital stay or part D which is drug coverage, you will have to pay a premium that comes out of your social security check. Many people on social security are living at the poverty level or close to it, so those people can get Medicaid. Medicaid will pay for the part B and part D premium for you, and will also "cover" the deductible and copays. (Actually, the Medicare allowable is higher than the Medicaid allowable. So what really happens is the Medical professional gets the Medicare payment and then writes off the balance. In order for a doctor or medical professional to accept Medicare and Medicaid, they must agree to write this off, by law.) Oh, That explains it. Here the maximum pension is around 2500€/month which is "a lot" considering salaries (and cost of living) are several times less than the USA equivalent. Of course it is because the contributions during all the work life are *HUGE* (around 30% of the salary goes to social security which includes full medical care for everyone). Also in Spain it is usual to fully own the home (or even a second house) before the time one reaches retirement. It is main savings asset for most the people, it is in the culture. So that's one less expense to account for. In exchange, very little people have private pension funds... the home is it for most. I am sure that must change sometime in the future. First they kept postponing the age, then raising the number min/max of work years needed, then stopping increasing the amounts of the pension.... next will be directly reducing them. Either that or the numbers won't add up (they already don't). I have heard (and watched in tv films) many horror stories about people having to spend tens of thousands, or even hundreds of thousands of fiat into (uncovered) medical bills in the USA. I suppose it is an exaggeration? Here people complains because dentists are the only thing that is NOT included in social security even if that only amounts to a $50-$100 bill for a filling every few years or whatever. Oh, yeah, unjustified plastic surgery is also not included, as expected. Talking about that I will never understand how so many REALLY expensive care is included for free and dentists, being such an insignificant portion of the whole, aren't. Mysteries of life. But not like I am gonna complain when that amounts to maybe 1% of the total already offered for free.
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realr0ach
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#TheGoyimKnow
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May 27, 2018, 05:13:05 AM Last edit: May 27, 2018, 05:26:29 AM by realr0ach |
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And oh yea, I know this thread is filled to the brim with ultra alternative lifestyle Bob type people, but the sheer number of trannies in programming now who are literally and not figuratively mentally insane and demand the other 99.9% of the world to bend over backwards to put up with their mental insanity is seriously getting out of control. I don't know how the hell this happened, but there was suddenly a flood of tranny programmers out of nowhere overnight with all these Sharia law style demands.
Fact: Since humans require reproduction to exist, not being attracted to the opposite sex at all is abnormal in the natural order of things. There is no 'everything is relative' here. You are either a functional genetic line or a genetic error in this case which is not capable of creating a functional lineage.
Genetic errors who are designed to fail at natural selection should not be put up on a pedestal and claimed to be equal to functional humans. This is not to say anything negative should be done to them, because nobody is perfect and everyone has their flaws, but advocating that both specimens/choices are equally valid is like saying it would be perfectly fine if 100% of civilization were trannies. No, that's not going to work. One specimen is obviously somewhere between inferior to completely invalid in evolutionary terms and should not be promoted as an equal choice/happenstance.
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Typex
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May 27, 2018, 05:34:14 AM |
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r0ach what do you do for a living? Ive been curious since I started reading the wall observer thread.
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jojo69
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diamond-handed zealot
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May 27, 2018, 06:02:45 AM |
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socialist gobldegook
fuck man that makes my head hurt...fuck all that edit/ To be blunt, my finances are a horror story. I truly am REKT. My cryptocurrency portfolio has never been large. We are talking less than 1 BTC worth ATM. Also, everyone knows the saying that those who can't, teach. Definitely applies to me when it comes to retirement. I have jack shit saved up for retirement and I am 50. I basically live paycheck to paycheck and the balances on my credit cards increase monthly. I have been working the same job for 15 years and I am probably way overqualified for the position. I hate to admit it, but I am truly an unmotivated loser. What has been nice, starting in November of 2017, is that I did get to cash out on my cryptocurrency profits to keep my head above water. Unfortunately, that well is going to dry up rather quickly. Especially if the BTC market keeps going with the current downtrend. Sometimes I'm just tempted to liquidate all my meager cryptocurrency holdings right now. However, a part of me wants to hold on for as long as possible because quite frankly, it gives me a little ray of hope that maybe things will turn around, and I can delay the looming bankruptcy filing indefinitely. I will probably regret this posting, since I have bared all to practical strangers. Oh well, at least it was a little therapeutic to have my own pity party.
oh man...dude feeling it, I am similar age, seemed like we had it going on for a minute there, now its back to attics and crawlspaces, and the alcohol doesn't dull the pain like it used to.
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bones261
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May 27, 2018, 06:25:17 AM |
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socialist gobldegook
fuck man that makes my head hurt...fuck all that Well, if you don't like that, you can opt for Medicare part C, and get a Medicare Advantage plan. The premium you pay for Medicare part B and part D goes directly to the insurance company of your choice. Depending on how good the coverage is, they may charge you a bit extra. The low end plans don't charge any extra. You can carefully pick a plan that will best suit your needs. Just be careful. Although many aspects of the coverage may be better than what you would get by having the straight government plan, some are worse. For example, with straight Medicare, the copay for a medically necessary ambulance trip is between $80-150.00. With most Medicare Advantage plans, the copay is between $200 and $300. However, in the end, it is probably a better customer experience for you. Usually dealing with corporate bullshit and red tape is less stressful than dealing with government bullshit and red tape. To be blunt, my finances are a horror story. I truly am REKT. My cryptocurrency portfolio has never been large. We are talking less than 1 BTC worth ATM. Also, everyone knows the saying that those who can't, teach. Definitely applies to me when it comes to retirement. I have jack shit saved up for retirement and I am 50. I basically live paycheck to paycheck and the balances on my credit cards increase monthly. I have been working the same job for 15 years and I am probably way overqualified for the position. I hate to admit it, but I am truly an unmotivated loser. What has been nice, starting in November of 2017, is that I did get to cash out on my cryptocurrency profits to keep my head above water. Unfortunately, that well is going to dry up rather quickly. Especially if the BTC market keeps going with the current downtrend. Sometimes I'm just tempted to liquidate all my meager cryptocurrency holdings right now. However, a part of me wants to hold on for as long as possible because quite frankly, it gives me a little ray of hope that maybe things will turn around, and I can delay the looming bankruptcy filing indefinitely. I will probably regret this posting, since I have bared all to practical strangers. Oh well, at least it was a little therapeutic to have my own pity party.
oh man...dude feeling it, I am similar age, seemed like we had it going on for a minute there, now its back to attics and crawlspaces, and the alcohol doesn't dull the pain like it used to. I gave up drinking 9 years ago. However, these charts are making a trip to the liquor store seem like a really good idea.
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Karartma1
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May 27, 2018, 06:33:12 AM |
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Bart Simspon spotted again on every major exchange out there, this is becoming truly annoying! This feels so coordinated among several exchanges. For once, I'm with the DOJ
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bitserve
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Self made HODLER ✓
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May 27, 2018, 06:34:44 AM |
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Bart Simspon spotted again on every major exchange out there, this is becoming truly annoying! This feels so coordinated among several exchanges. For once, I'm with the DOJ
Yeah, shut them all down and ban Bitcoin for good.
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Typex
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May 27, 2018, 06:38:05 AM |
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Do you really get rekt every time, bones, or is it just preventive whining?
(You're free not to answer this, of course. It's just a cocky opening.)
I'd try and make the bet smaller relative to my playroll, keeping leverage at maybe 3 tops, 1~1.5 even better. "Going long" can actually mean buying a few cents and stashing away. So can "taking profit." Increasing the amount in the freezer is probably the most hopeful subgoal to gambling with 100% house money.
I mean: you know a few things about retirement and taxes. I'm sure you made a few calculations. I know you understand this magical internet money fairly well, too. Come on.
To be blunt, my finances are a horror story. I truly am REKT. My cryptocurrency portfolio has never been large. We are talking less than 1 BTC worth ATM. Also, everyone knows the saying that those who can't, teach. Definitely applies to me when it comes to retirement. I have jack shit saved up for retirement and I am 50. I basically live paycheck to paycheck and the balances on my credit cards increase monthly. I have been working the same job for 15 years and I am probably way overqualified for the position. I hate to admit it, but I am truly an unmotivated loser. What has been nice, starting in November of 2017, is that I did get to cash out on my cryptocurrency profits to keep my head above water. Unfortunately, that well is going to dry up rather quickly. Especially if the BTC market keeps going with the current downtrend. Sometimes I'm just tempted to liquidate all my meager cryptocurrency holdings right now. However, a part of me wants to hold on for as long as possible because quite frankly, it gives me a little ray of hope that maybe things will turn around, and I can delay the looming bankruptcy filing indefinitely. I will probably regret this posting, since I have bared all to practical strangers. Oh well, at least it was a little therapeutic to have my own pity party. No point liquidating now (RSI is almost 30) if you have less than 1 BTC. If its any consolation, most of the world lives paycheque to paycheque. I also have less than 1 BTC.
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Karartma1
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May 27, 2018, 06:45:31 AM |
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Bart Simspon spotted again on every major exchange out there, this is becoming truly annoying! This feels so coordinated among several exchanges. For once, I'm with the DOJ
Yeah, shut them all down and ban Bitcoin for good. I did not say that: I was simply implying that those exchanges which are playing with fire should be treated accordingly. No need to ban bitcoin, it's not bitcoin fault. For all I care exchanges could all blow up
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bitserve
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May 27, 2018, 06:56:23 AM |
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Bart Simspon spotted again on every major exchange out there, this is becoming truly annoying! This feels so coordinated among several exchanges. For once, I'm with the DOJ
Yeah, shut them all down and ban Bitcoin for good. I did not say that: I was simply implying that those exchanges which are playing with fire should be treated accordingly. No need to ban bitcoin, it's not bitcoin fault. For all I care exchanges could all blow up But the fate of Bitcoin is currently joined to that of exchanges. It is the weakest point. Maybe in some years if all goes well and adoption increases dramatically things will be different. Now most of the Bitcoin activity is exchange based.
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hodl_2015
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May 27, 2018, 07:02:13 AM |
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[...] paycheck to paycheck [...]
My paychecks are irregular but I have some buffer to handle that and very little fixed expenses. For the rest I'm irresponsibly far into bitcoin and can't buy any more of these cheap coins. Living paycheck to paycheck sounds very stressful. What worked for me in the past is listing all my fixed and regular expenses, converted to cost/month where needed, order them largest to smallest, and starting from the top of the list, try to get a better deal or consider cancelling the expense altogether. One that is often overlooked is food. Supermarkets have huge margins and you can often get much better deals if you order larger quantities on-line. Electricity usage too. I have natural gas heating and use about 1100 kWh/year using good LED lights, net-book computers and fridge, freezer and internet modem as the _only_ permanent loads, even the microwave has a plug-in switch since I don't like to spend 8 Watts to show the time when not in use. It's a bit of time to sort out but small savings on regular expenses keep adding up in time after that.
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bones261
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May 27, 2018, 07:06:14 AM |
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Do you really get rekt every time, bones, or is it just preventive whining?
(You're free not to answer this, of course. It's just a cocky opening.)
I'd try and make the bet smaller relative to my playroll, keeping leverage at maybe 3 tops, 1~1.5 even better. "Going long" can actually mean buying a few cents and stashing away. So can "taking profit." Increasing the amount in the freezer is probably the most hopeful subgoal to gambling with 100% house money.
I mean: you know a few things about retirement and taxes. I'm sure you made a few calculations. I know you understand this magical internet money fairly well, too. Come on.
To be blunt, my finances are a horror story. I truly am REKT. My cryptocurrency portfolio has never been large. We are talking less than 1 BTC worth ATM. Also, everyone knows the saying that those who can't, teach. Definitely applies to me when it comes to retirement. I have jack shit saved up for retirement and I am 50. I basically live paycheck to paycheck and the balances on my credit cards increase monthly. I have been working the same job for 15 years and I am probably way overqualified for the position. I hate to admit it, but I am truly an unmotivated loser. What has been nice, starting in November of 2017, is that I did get to cash out on my cryptocurrency profits to keep my head above water. Unfortunately, that well is going to dry up rather quickly. Especially if the BTC market keeps going with the current downtrend. Sometimes I'm just tempted to liquidate all my meager cryptocurrency holdings right now. However, a part of me wants to hold on for as long as possible because quite frankly, it gives me a little ray of hope that maybe things will turn around, and I can delay the looming bankruptcy filing indefinitely. I will probably regret this posting, since I have bared all to practical strangers. Oh well, at least it was a little therapeutic to have my own pity party. No point liquidating now (RSI is almost 30) if you have less than 1 BTC. If its any consolation, most of the world lives paycheque to paycheque. I also have less than 1 BTC. I'm just bitching. Now that I have had my cathartic experience, I feel better now. Part of the bleak outlook is that two years ago my partner had a small inheritance. We've been living in gravy, (well to us it was gravy) for the past two years. But that is mostly gone now. Only 1k left of that. Plus, my partner just had a hernia surgery a little over a week ago. So he hasn't been working this month due to the hernia and will probably not be working for most of June. Unfortunately, he works for himself, so no vacation or sick time to fall back on for him. I'm sure that by July he will be back to work. He's starting to feel the financial pinch as well, so maybe he will be motivated to take on another customer or two. Furthermore, we both share a habit that is rather expensive. We both smoke cigarettes. That's 450.00 per month to ruin our heath and make our clothes, our apartment and our car reek of cigarette smell. One of our friends won't even step foot in our apartment due to the stench. So far, the both of us have had brief conversations resolving to quit, someday; then we each proceed to light up another one. Unfortunately, it's probably not going to work too well if one of us tries to quit and the other keeps smoking like a chimney. We will see.
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bitserve
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May 27, 2018, 07:14:06 AM Last edit: May 27, 2018, 07:30:14 AM by bitserve |
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yep..that is pretty much true....I ONLY had the miner....from that miner to pump the income (yep legal with IRS too from day one) for ALL the stuff you mentioned flowed from this income...I worked with disabled folk...never a lot of money in that ..thus the mining had to stand on its own....also remember I fired up this KNC Jupiter BTC miner on Oct 18th 2013 and that day BTC was almost exactly $150 (I looked at worldcoinindex..but they don't go back till 2013 or I can't read the graph) .....and I think (again if I remember right) I was making ONE BTC per day..... and yeah, mostly was in HODL mode for everything ...except those things that were for mining....I also have a mess of Altcoins that more than make up for what you are talking about...for any 'slush' after the BTC stuff... so yeah, a case could be made that REALLY the only money I have in crypto 'out of my job' was the $5,131.80 usd for the KNC Jupiter of 2013.......so the revenue I have used/bought miners with etc...and what I have left over in HODL mode..is indeed profits....thus a case again could be made that I 'mentally' could claim that anything above the $5,131.80 was profit..in that all the expenses for future expansion came from that one machine....thus $513.18 BTC would be the most definative extreme example of denial of loss of $$$ after any number under that point for BTC (again not counting the significant ALT's slush on the assumption I'd sell all that before getting to such an extreme point... just the way it worked out....I retired as of 1/14/18 this year due to crypto...trying to use crypto to bridge the gap between 63 years and full retirement and traditional investments at 66 with soc sec etc same 'dubious' lifestyle' $$$ wise if I 1) work 2) use crypto till 66 3) crypto goes tulips after 66 again, same modest dubious suburban ghetto lifestyle so if it all goes tulips I am going to make t-shirts to befuddle those who will say 'I told you so' that say Crypto: Allowed me to retire 3 years early, bite me! Thus, if nothing else comes from the miracle of tripping over BTC in 2013....I can say at least that I man'd up and gave it my all....hell, I'm 63 years old ...I have worse problems then BTC and crypto going tulips! (what do they say: write a book, plant a tree, make a fortune and lose a fortune......we will be the first to know I guess) brad p.s. the above while not exactly correct....is a way to look at it from the perspective of which I started.....(in the PSU's I'll have left over alone!) but as a mental viewpoint on the ups and downs of all this stuff and how serious to take it all..it works for me. Also as far as the work/time thing...even if it all goes tulips..I have not had this much fun since I was in University....thus it is a win also. So if I understand it correctly, $513 is just a symbolic price point of your choosing that doesn't take into account alts and other profits. It's not that it is the right way to calculate a "break even" but if it works for ya who am I to say If it, somehow, made you reach your retirement plan years early than you thought, then it already gave you some. I also have a FAKE "break even" price which is the BTC price at the LAST time I sent FIAT to an exchange (just before the Bcash fork). If it ever reaches that price again (around $3000?) I will just send more FIAT and keep with my accumulation plan. In the meantime I just keep slowly increasing my stash by not withdrawing anything and trading. Agreed on the time invested as some combination of entertainment and education "profit". I learned a lot about "money" in here which made me change some previous assumptions I had. It's been an interesting journey.... let's see what comes in the following years.
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mindrust
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May 27, 2018, 07:18:42 AM |
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50 years old without any savings, god daym, this story is sad as fuck.
You should have invested in the stock markets at least dude. I missed the crypto train mostly too, since it was a whole new concept and was a risky investment but people who took that risk made the millions not those who didn't.
No matter what your monthly salary is, you should keep some of it and invest in different assets. (used to be stocks, cash, gold... now it is crypto, cash(should be your smallest investment), gold and stocks-this one is in a bubble right now probably, wait for the crash) Saving $100 or $200 per month might not look like a lot at the first glance but after 20 years, it may grow into a lambo or a house at least.
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luckygenough56
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May 27, 2018, 07:28:07 AM |
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Bart Simspon spotted again on every major exchange out there, this is becoming truly annoying! This feels so coordinated among several exchanges. For once, I'm with the DOJ
Are you implying that bitcoin is manipulated ?
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Elwar
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Viva Ut Vivas
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May 27, 2018, 07:30:16 AM |
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Bart Simspon spotted again on every major exchange out there, this is becoming truly annoying! This feels so coordinated among several exchanges. For once, I'm with the DOJ
Are you implying that bitcoin is manipulated ? The Simpsons is trying to play Bitcoin the same way Dragon Ballz is.
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Arching_wild
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May 27, 2018, 07:35:33 AM |
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The market is going down again, today BTC is about $7300 but don't worry, just HODL
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bones261
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May 27, 2018, 07:50:22 AM |
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50 years old without any savings, god daym, this story is sad as fuck.
You should have invested in the stock markets at least dude. I missed the crypto train mostly too, since it was a whole new concept and was a risky investment but people who took that risk made the millions not those who didn't.
No matter what your monthly salary is, you should keep some of it and invest in different assets. (used to be stocks, cash, gold... now it is crypto, cash(should be your smallest investment), gold and stocks-this one is in a bubble right now probably, wait for the crash) Saving $100 or $200 per month might not look like a lot at the first glance but after 20 years, it may grow into a lambo or a house at least.
I did all of that but in the end, didn't stick with it and cashed out. I even cashed out an IRA long ago, and paid the stiff penalty. But I thought that I had life to live and habits to feed. Then with my current employer, who I have been with for 15 years, has offered a 401K that I never opted in because they did not guarantee a match, only would match if they made a profit. I figured, "why just lock up my money and end up just cashing out again and paying Uncle Sam that damn penalty?" Turns out my employer ended up matching every single year, so in retrospect; it was a bad decision drawn out over many years. A couple of years ago, my employer started to guarantee the match and made the plan opt out rather than opt in. So, I've been contributing since then. So far, when I check my balance, the amount accumulated looks rather paltry. It's only about 2 1/2 months of my current gross income. However, it has only been two years, so maybe time will be my friend if I just stick with it and keep my foolish and greedy little paws off of it.
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