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BTCMILLIONAIRE
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December 03, 2018, 08:09:59 PM |
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If you are poor you should be saving instead of borrowing.
People that really "needs" the money, should never, ever borrow the money.
Enough rant.... I am open for criticism.
Nothing in this world allows you the increase your financial stability, your profits and your social status like borrowing a hella amount of money. Though of course you must be smart about what you do with the investments. I just borrowed 250k€, that's about 7 years of salary for me. The interests are basically 0 if you take inflation into consideration so that's basically just me borrowing to my future self to increase my current income ^^ If I could borrow 4M€ I would  What is your timeline on paying back the loan? So your wager would be that bitcoin is going to perform better than your loan for the term of the loan or at least not perform so bad that you are not able to pay back the loan at the end of the term. It does not sound like a great idea, but if you are buying BTC now (with the proceeds of a loan), then it seems better than buying at higher prices - even $6k or $10k or $17k... But still risky. I wouldn't take up any type of private loan if I didn't know that I could pay it off even if I burnt through the whole amount. With government backed loans I couldn't care much less if I fucked up since nobody would get harmed by my actions. |
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JayJuanGee
Legendary
 Offline
Activity: 3374
Merit: 8401
ESG, KYC & AML are attack vectors on Bitcoin
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December 03, 2018, 08:10:07 PM |
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Data/information is only as good as its source. Highest level being 15, not bullish. Edit: Bitcoin Cash has a "16".
Bitcoin SV? 100. #justsayin' Actually only 86 currently...was 100 2 weeks ago. No. The term is not bitcoin+cash+sv, it is bitcoin+sv. And it is trending currently at 100. Even if it were 86, you are still making my point for me. In this thread, we already know that part of the motivation of the bcash forks has been to attempting to put bitcoin back into their name(s), but I doubt that anyone here is going to give bcash such satisfaction, and recommendations from a bcash shill, like yourself, is not going to divert us into such phoney baloney trickery of calling either of the bcash forks as some form of bitcoin. Get it into your bcash shilling head, the bcash forks are still going to be referred to as bcash.. because they are not bitcoin.. forking from bcash does not cause them to be bitcoin, but instead causes them to be variations of bcash... so we have bcash abc and bcash sv.... Seem pretty apparent for anyone who is not caught up in the myth that bcash has value.   |
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BTCMILLIONAIRE
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December 03, 2018, 08:14:19 PM |
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Data/information is only as good as its source. Highest level being 15, not bullish. Edit: Bitcoin Cash has a "16".
Bitcoin SV? 100. #justsayin' Actually only 86 currently...was 100 2 weeks ago. No. The term is not bitcoin+cash+sv, it is bitcoin+sv. And it is trending currently at 100. Even if it were 86, you are still making my point for me. In this thread, we already know that part of the motivation of the bcash forks has been to attempting to put bitcoin back into their name(s), but I doubt that anyone here is going to give bcash such satisfaction, and recommendations from a bcash shill, like yourself, is not going to divert us into such phoney baloney trickery of calling either of the bcash forks as some form of bitcoin. Get it into your bcash shilling head, the bcash forks are still going to be referred to as bcash.. because they are not bitcoin.. forking from bcash does not cause them to be bitcoin, but instead causes them to be variations of bcash... so we have bcash abc and bcash sv.... Seem pretty apparent for anyone who is not caught up in the myth that bcash has value. But omg Bitcoin has to do teh growing upz (and be regulated to death) -Coingeek clowns 11/2018 |
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kingcolex
Legendary
Offline
Activity: 2366
Merit: 1258
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December 03, 2018, 08:15:24 PM |
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Address: 1EBHA1ckUWzNKN7BMfDwGTx6GKEbADUozX Seems like an old hodler moving his bitcorns. Well that is unsettling. |
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JayJuanGee
Legendary
Offline
Activity: 3374
Merit: 8401
ESG, KYC & AML are attack vectors on Bitcoin
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December 03, 2018, 08:15:56 PM |
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[edited out]
I have a new name for Bcash... Its Bitcoin Crash And its younger brother, Bitcoin Crash SV (Silly Version) You are giving too much benefit of the doubt to bcash, nutildah. Even if you attach the "crash" descriptor, no one is going to call them any version of bitcoin.. except, I suppose, if you are attempting to call them in a descriptive way, such as "bitcoin attack vector abc" and "bitcoin attack vector sv." I just don't believe that the "crash" descriptor is strong enough and perhaps not even accurate enough because you can get a bunch of dumbass rich peeps to throw their money away to cause the "crash" descriptor to become untrue, at least on a short-term basis that could last for years. |
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PoolMinor
Legendary
Offline
Activity: 1839
Merit: 1324
XXXVII Fnord is toast without bread
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December 03, 2018, 08:15:57 PM Merited by BobLawblaw (1) |
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These Bitcorn prices aren't making any sense.
I'm starting to get the fear.
Fuck.
Not good.
Not good at all.
If you are getting the fear, then you already know what to do, if you don't....watch the video. https://www.youtube.com/watch?v=B5-IpSYbeiQ |
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Paashaas
Legendary
Offline
Activity: 3264
Merit: 3842
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December 03, 2018, 08:16:08 PM |
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R.I.P ETC   |
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PoolMinor
Legendary
Offline
Activity: 1839
Merit: 1324
XXXVII Fnord is toast without bread
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December 03, 2018, 08:16:37 PM |
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Address: 1EBHA1ckUWzNKN7BMfDwGTx6GKEbADUozX Seems like an old hodler moving his bitcorns. Well that is unsettling. Probably retrieving their fork coins. |
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kingcolex
Legendary
Offline
Activity: 2366
Merit: 1258
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December 03, 2018, 08:18:46 PM |
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R.I.P ETC Well Well Well that fork lasted quite longer than I figured it would. |
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bitserve
Legendary
Offline
Activity: 1666
Merit: 1350
Self made HODLER ✓
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December 03, 2018, 08:21:30 PM |
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R.I.P ETC Fuck! |
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JayJuanGee
Legendary
Offline
Activity: 3374
Merit: 8401
ESG, KYC & AML are attack vectors on Bitcoin
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December 03, 2018, 08:22:24 PM |
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If you are poor you should be saving instead of borrowing.
People that really "needs" the money, should never, ever borrow the money.
Enough rant.... I am open for criticism.
Nothing in this world allows you the increase your financial stability, your profits and your social status like borrowing a hella amount of money. Though of course you must be smart about what you do with the investments. I just borrowed 250k€, that's about 7 years of salary for me. The interests are basically 0 if you take inflation into consideration so that's basically just me borrowing to my future self to increase my current income ^^ If I could borrow 4M€ I would Well, as I said it depends on what you do what that borrowed money. If you use it for getting a better bigger house for living in it, instead as an investment to get a rent. If you use it to buy a better car, to buy better clothes, or to basically have more "free" money to spend on whatever you think makes you feel better as many people did, then that's where the problem comes. People borrowed money and started to spend it like they had already earned it.... That's what basically happened. If you are able to get someone to lend you 4M at almost no interest, and are also able to invest it wisely and safely without upping your lifestyle until you can really do it with YOUR OWN money, then it is ok. Anyways, I would consider that to be way overleveraged... but to each their own. But that's not what most of the people that later couldn't afford to make the repayments did. To me, the distinction is 'investment" versus "consumption", and there is a considerable amount of less prudence to borrow to consume rather than to invest, and surely there are gradients, too. Some folks might never be able to get out of poverty if they were not able to borrow to invest, and that seems to be one of the BIG problems with traditional banking institutions that fail/refuse to give adequate access to certain classes of people (especially the poor) which makes it a whole hell-of-a lot more difficult for some certain people to rise out of poverty. |
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Hueristic
Legendary
Offline
Activity: 3472
Merit: 4153
Doomed to see the future and unable to prevent it
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December 03, 2018, 08:22:25 PM |
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R.I.P ETC Well Well Well that fork lasted quite longer than I figured it would. Not a fork, that is the actual immutable ETH scamcion chain. ETH is the fork. |
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El duderino_
Legendary
Offline
Activity: 2170
Merit: 10331
BTC + Crossfit, living life.
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December 03, 2018, 08:22:44 PM |
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These Bitcorn prices aren't making any sense.
I'm starting to get the fear.
Fuck.
Not good.
Not good at all.
whip up one of your special loads Bob, you'll feel better BoB this kind of mondays beer from what hour till what hour and how many? My GF just Made me Some cheap Ass extra spicy pad Thai ( extreem spicy) i can use Some of that right now, cause during DIPS/beartimes as these..... my stumage is as stuck as hell.... need to flush everything out cause i’m hodling way more than i wish for right now..... PUMP now ! |
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kingcolex
Legendary
Offline
Activity: 2366
Merit: 1258
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December 03, 2018, 08:23:01 PM |
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R.I.P ETC Well Well Well that fork lasted quite longer than I figured it would. Not a fork, that is the actual immutable ETH scamcion chain. ETH is the fork. Eth has the dev team. These ideology coins never have the full support and just have crypto enthusiast. This is why bcash abc SV or eth clasic will all fail. |
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jojo69
Legendary
Offline
Activity: 2842
Merit: 3979
1/21000000 , the only math you need to know
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66 thousand coins on the move  |
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Last of the V8s
Legendary
Offline
Activity: 1652
Merit: 4392
Be a bank
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December 03, 2018, 08:29:23 PM |
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inb4 ETC devs come back yay pump it
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kingcolex
Legendary
Offline
Activity: 2366
Merit: 1258
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December 03, 2018, 08:29:24 PM |
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66 thousand coins on the move I guess we wait for $2k. |
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PoolMinor
Legendary
Offline
Activity: 1839
Merit: 1324
XXXVII Fnord is toast without bread
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December 03, 2018, 08:30:09 PM |
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kingcolex
Legendary
Offline
Activity: 2366
Merit: 1258
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December 03, 2018, 08:30:40 PM |
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inb4 ETC devs come back yay pump it
Did you follow the tweets? Already planned discord community fund is an option to fund them. It's just drama but still any coin be it btrash or etc that has their goal to be flippening has the wrong goal. |
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realr0ach
Sr. Member
Offline
Activity: 924
Merit: 311
#TheGoyimKnow
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December 03, 2018, 08:32:36 PM |
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R.I.P ETC Bitcoin-idiots are pretending this is somehow an Eth-negative only story. What they're really saying is that the coin suddenly becomes worthless without endless sacks of money being thrown at "development". That's funny, my physical silver doesn't become worthless if I refuse to pay taxes to a "developer". And then it further begs the question, if this garbage is supposed to be money, why does it need continuous development in order to not implode? That's NOT a trait of "money" the last time I checked. That sounds more like something resembling a liability than money. There's also of course no endgame or final goalpost for development. They just pretend it requires infinite development. Here's a clue, idiots, infinite development means central bankers controlling the coin under the pseudonym "developer". |
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