JayJuanGee
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Merit: 10816
Self-Custody is a right. Say no to"Non-custodial"
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November 25, 2017, 12:53:54 AM |
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...if you have a lot of time vested into some kind of JOB, and you don't necessarily want to leave that money on the table - so in that regard, if the timeline (of suffering in the JOB) is rather short, then it could make sense to be allow that to play out in order to be able to extract some value from that JOB.
You've sort of hit the nail on the head here. I'm still learning some valuable skills in my JOB that I will be able to apply when "I retire and choose to work on passion projects". Still have have considerable stock vesting over the next little while, and don't want to walk away from that amount of money. When you put things in the context of "problems of the 1%", it really does make me feel a bit embarrassed and uncomfortable - but I appreciate being able to have honest dialog with you dudes. My strategy for the short term is to acquire as much fiat as possible, invest it, and maximize the time I don't touch my BTC stash. Not ready to say "Fuck You" just yet. I appreciate your perspective. As long as we are HODLers and accumulators, many of us are going through similar dilemmas - and with our varying levels of newly found "richness." Feels like I've referred to aspects of my story a zillion times, so once more is not going to hurt. In late 2013, my initial target was to invest 10% of my quasi-liquid assets into bitcoin, which I felt was a lot of dedication to bitcoin, and I chose to accomplish this objective over the next year (in other words by the end of 2014)... Well, we know how 2014 went - kind of downwards BTC trends all year long, and with a 2015 that was not too much different or better (except perhaps the end of 2015)... well maybe 2015 was better because it was mostly flat, rather than downwards? Anyhow, because of that downward BTC price trend in 2014 and 2015, I ended up investing a bit more into BTC than my expectation and close to 12-15% by the end of 2015- and so with various BTC appreciation and even some dumb BTC moves from me, I still end up with way more value of my total wealth allocated in BTC than I had expected - maybe around 2/3 in bitcoin on paper at the time of this typing. - and yeah a large majority of that allocation disparity was due to BTC price appreciation from 2016 to present, rather than any specific kind of brilliance coming from me (except perhaps that I have been practicing HODL and ACCUMULATEL. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) So, yes the dilemmas can play out differently depending on specifics and depending of whether vesting has already occurred with other assets, whether there is money on the table, including cashflow issues which may have not been centrally part of earlier contemplations and how much is that "money on the table is worth" as compared to time invested and the fact that all of us are getting older and are certainly to die some day (hopefully not before we have an opportunity and exercise such opportunity to spend a large quantity of our accumulated bitcoins).
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JayJuanGee
Legendary
Online
Activity: 3836
Merit: 10816
Self-Custody is a right. Say no to"Non-custodial"
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November 25, 2017, 12:58:49 AM |
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Well well well. I see the blocksize/scaling gridlock is STILL ongoing. Dash is now running 2MB blocks. needless to say, I'm rotating out of cripplecoin into the crypto more faithful to Satoshi's vision. Thanks for buying all those coins I bought for $12, suckers. I literally have so many hundred dollar bills in my pocket that I don't know how many there are.
Look what the cat drug in!!!! ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) Is it a dead mouse? NO IT IS NOT. It is a broken record, AKA billyjoeallen. I thought that you got so R3CKT so badly in your last two major sales of "cripplecoin" in the upper $200s and the upper $300s that you would not have more than 1 or 2 "cripplecoins" remaining in your supposedly "large" stash? Must be a bullish sigh that we got our contrary indicators coming back into to the thread to clutter us up with more broken bitcoin bear wisdom. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Well well well. I see the blocksize/scaling gridlock is STILL ongoing. Dash is now running 2MB blocks. needless to say, I'm rotating out of cripplecoin into the crypto more faithful to Satoshi's vision. Thanks for buying all those coins I bought for $12, suckers. I literally have so many hundred dollar bills in my pocket that I don't know how many there are.
Try counting them. You muppet ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) 31. don't ask me to count the twenties. OMG!!!!!!!! Sounds like you are really rich with 31 100s in your pocket plus some 20s... Don't spend them all in one place. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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jbreher
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lose: unfind ... loose: untight
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November 25, 2017, 01:00:57 AM |
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I do understand that there is one dilemma that a lot of folks could have, and that is if you have a lot of time vested into some kind of JOB, and you don't necessarily want to leave that money on the table - so in that regard, if the timeline (of suffering in the JOB) is rather short, then it could make sense to be allow that to play out in order to be able to extract some value from that JOB. Sometimes, early retirement can also be an option, but yeah some of the JOB's have minimum age requirements too, so if you have anything approaching 20 or more years in a JOB, but you have to stay an additional year or two or something like that in order to be able to collect, then it could be worth spending that time,... rather than just opting for "fuck you" right away, and without delay.... gosh.. 1000 coins... does almost seem as if "fuck you" could be a dilemma and tempting to just employ "right away", but without knowing how much value is there, it might not be prudent to leave some money on the table, too.
I tender an additional item for your consideration. While many people have 'JOBs', others have careers. Meaningful work can be part of what makes life worth living. I'm just saying that there may be additional considerations more important than simply hitting the 'fuck you money' threshold. BobLawBlaw, to return to your particular situation, I have no particular suggestion on navigating SO's wishes in relation to your (presumed) expectation for further value increase. Somewhere in the middle would seem prudent.However, finding a worthwhile money adviser may be difficult. If they aren't crypto millionaires, you should ask 'why'? If they don't 'get' crypto, you are unlikely to get useful advise from them. OTOH, if they are crypto millionaires, they've already amassed what JJG refers to as 'fuck you money'. Most of the good ones may be relaxing upon Caribbean beaches, with foofoo umbrella drinks in hand.
Sure, Bitfinex had several opportunities already to employ an exchange exit scam -
For all we know, they have already executed two partial exit scams.
Well well well. I see the blocksize/scaling gridlock is STILL ongoing. Dash is now running 2MB blocks. needless to say, I'm rotating out of cripplecoin into the crypto more faithful to Satoshi's vision. Thanks for buying all those coins I bought for $12, suckers. I literally have so many hundred dollar bills in my pocket that I don't know how many there are.
Well, look who the cat dragged in. Welcome, BJA. Good to hear you're doing well (though it seems to me to be a grave mistake to pivot out of Bitcoin - but whatever trips your trigger)
Now I'm into Dash.
Oh. My condolences.
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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November 25, 2017, 01:03:55 AM |
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BCH $1638. Tick, tick, tick
BCH $1580. Tick, tick, tick.
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JayJuanGee
Legendary
Online
Activity: 3836
Merit: 10816
Self-Custody is a right. Say no to"Non-custodial"
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November 25, 2017, 01:06:36 AM |
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Where's my Black Friday discount on BTC? This small 2% discount off ATH just isn't going to cut it. In fact, yesterday's dip wasn't even that big of a deal. I want a deep discount. Jimbo wants one too. I am sure. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) Maybe if I want a doorbuster, I'm going to have to go to Wal-Mart. https://www.youtube.com/watch?v=n_adgG8Ba2QI doubt that "Jimbo wants one too." There is a kind of mentality of wanting or hoping for dips, or just preparing for dips. Those are two different concepts. If a dip comes, make lemonade out of the lemons. You don't hope or want lemons, you merely take advantage of the lemons situation comes, which is nearly inevitable that lemons are going to come, from time to time. Where's my Black Friday discount on BTC? This small 2% discount off ATH just isn't going to cut it. In fact, yesterday's dip wasn't even that big of a deal. I want a deep discount. Jimbo wants one too. I am sure. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) I'm disappointed too. difficulty change is getting closer, all this new bitfinex/tether and flippening FUD. It looked like something was brewing. even the mempool looks ok. I absolutely hate Bitfinex and believe the "FUD" about spoofy and Tether. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) However, Bitcoin does not need Bitfinex for it's own viability. There are plenty of other exchanges. I don't know why some of these twitter OG are coming to the defense of Bitfinex. I think the BTC economy will be a whole lot better without them. I don't even mind that they kicked us US customers to the curb. Bitfinex FUD is FUD, as you seem to admit, and even though the crash Bitfinex would not kill bitcoin, I don't know why anyone would hope for such a crash. Sure, Bitfinex had several opportunities already to employ an exchange exit scam - and seems quite improbable that they are going to employ such, when it is not really necessary, in spite of the mucho bullshit FUD being spread about them. Regarding, kicking out USA customers, I have mixed feelings about it, since I was personally affected and kicked out of their exchange - but I cannot really blame them for their exercising business discretion or to credit them with any kind of bad or malicious motive because of such business decision. BFX lost a shitload of coins. I had no coins in my account. they stole %36 anyway to compensate the account holders who did have coins. So not only did they fail to safeguard the coins, but then they socialized the losses. this was years ago, but they NEVER PAID ME BACK. they are not a legitimate exchange. I am baffled that anyone can still take them seriously or do business with them. Yes... August 2015 they were "hacked" and September 2015-ish they issued BFX coins for 36% of the dollar value of your then account, and by around April 1, 2016, they had paid back all of their BFX tokens at 100%. Sure there were some problems with that whole set-up, but they paid back everyone who held their BFX tokens at 100% of face value over the next 7 months or so.
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gembitz
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November 25, 2017, 01:09:41 AM |
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Well well well. I see the blocksize/scaling gridlock is STILL ongoing. Dash is now running 2MB blocks. needless to say, I'm rotating out of cripplecoin into the crypto more faithful to Satoshi's vision. Thanks for buying all those coins I bought for $12, suckers. I literally have so many hundred dollar bills in my pocket that I don't know how many there are.
So now you'll have no reason to continue to post here, you'll delete your account and move on to dash forum??...Pretty please?? Or just stay here and continue to trolllololol The dust left in my old BTC accounts is worth more than many portfolios here. I still have a vested interest. /\welcome back :-D lol
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Ted E. Bare
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November 25, 2017, 01:11:28 AM |
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Good you are making better investment decisions now billyjoe... We are proud and in disbelief.
Hodl and stay strong.
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bones261
Legendary
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November 25, 2017, 01:13:54 AM |
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Yes... August 2015 2016 they were "hacked" and September 2015-ish2016-ish they issued BFX coins for 36% of the dollar value of your then account, and by around April 1, 20162017, they had paid back all of their BFX tokens at 100%. Sure there were some problems with that whole set-up, but they paid back everyone who held their BFX tokens at 100% of face value over the next 7 months or so.
FTFY. We must all be in some kind of strange time warp. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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JayJuanGee
Legendary
Online
Activity: 3836
Merit: 10816
Self-Custody is a right. Say no to"Non-custodial"
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 25, 2017, 01:20:00 AM |
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I do understand that there is one dilemma that a lot of folks could have, and that is if you have a lot of time vested into some kind of JOB, and you don't necessarily want to leave that money on the table - so in that regard, if the timeline (of suffering in the JOB) is rather short, then it could make sense to be allow that to play out in order to be able to extract some value from that JOB. Sometimes, early retirement can also be an option, but yeah some of the JOB's have minimum age requirements too, so if you have anything approaching 20 or more years in a JOB, but you have to stay an additional year or two or something like that in order to be able to collect, then it could be worth spending that time,... rather than just opting for "fuck you" right away, and without delay.... gosh.. 1000 coins... does almost seem as if "fuck you" could be a dilemma and tempting to just employ "right away", but without knowing how much value is there, it might not be prudent to leave some money on the table, too.
I tender an additional item for your consideration. While many people have 'JOBs', others have careers. Meaningful work can be part of what makes life worth living. I'm just saying that there may be additional considerations more important than simply hitting the 'fuck you money' threshold. You can call it whatever you want... a "job" or a career, but there ends up being a monetary calculation in there too, and at what point is working not worth the effort? Sure that is going to be an individual calculation, of course. Let's just say hypothetically, you have a JOB or a career or whatever the fuck you want to call it, and it pays you about $100k per year (of course you can vary this number to your satisfaction), and if you have 1000 coins, then at a certain point, you begin to think that your coins can generate more income than your job, and plus you have the freedom do whatever you want, anyhow... Sure, of course, there are other factors, too, but sooner or later, you are going to hit a kind of threshold that it does not make any sense to keep working. Currently bitcoin is $8k, but if bitcoin becomes $20k or $40k, then those 1000 coins become worth even more... so what is the threshold? individually determined, of course. BobLawBlaw, to return to your particular situation, I have no particular suggestion on navigating SO's wishes in relation to your (presumed) expectation for further value increase. Somewhere in the middle would seem prudent.However, finding a worthwhile money adviser may be difficult. If they aren't crypto millionaires, you should ask 'why'? If they don't 'get' crypto, you are unlikely to get useful advise from them. OTOH, if they are crypto millionaires, they've already amassed what JJG refers to as 'fuck you money'. Most of the good ones may be relaxing upon Caribbean beaches, with foofoo umbrella drinks in hand.
Cannot disagree with anything that the picnic food eating bear says here. ![Kiss](https://bitcointalk.org/Smileys/default/kiss.gif)
Sure, Bitfinex had several opportunities already to employ an exchange exit scam -
For all we know, they have already executed two partial exit scams. If you want to ground your views of the world on conspiracy theories, then sure that is possible.
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realr0ach
Sr. Member
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#TheGoyimKnow
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November 25, 2017, 01:22:01 AM Last edit: November 25, 2017, 01:32:06 AM by realr0ach |
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Hilarious article from The Telegraph.
The Bitcoin bubble will burst. It's time for a 'Bitpound'
I'm not a fan of Martin Armstrong, but his definition of gold and silver is "a hedge against government". An actual competent person trying to disparage bitcoin would mention that bitcoin is not a hedge against government since it's traffic is not obfuscated and it runs on the governments own infrastructure. Not to mention it's not possible to create a decentralized digital currency in the first place, only centralized ones. At the end of the day, the only valid hedge against government is metals because government can't afford to police the entire physical world, but they can easily afford to police the digital one. Cryptocurrency only exists due to the will of the government. Jewish sheklers like Larry Summers and Ben Bernanke actively promote it (red flag). They promote it because the amount of gold in Fort Knox is somewhere between 0 to 2000 tons max (much likely far closer to 0). They all know people are going to hang (hopefully lots of jewish criminals) when the debt bubble collapses and the US is forced to issue a new form of money with all the assets serving that role "mysteriously" being gone. They're attempting to pull a business as usual scam and pretend they can just "print" up some digital 0's and 1's in the place of real money, avoid hanging in the process, while also enslaving the population even further with a new Jewish controlled, digital only slave blockchain to replace the former Jewish, debt based scam currency. There's just too many Goyim that know now, so unless a tidal wave of millenial cuckolds buys into the idea that digital scam tokens are somehow more valuable than real world physical money like metals, everyone at the fed, the BIS, and the IMF will hang.
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rolling
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November 25, 2017, 01:23:10 AM |
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Jesus... So many ignored posts in the last page... Bullish?
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HairyMaclairy
Legendary
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Degenerate bull hatter & Bitcoin monotheist
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November 25, 2017, 01:27:39 AM |
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Jesus... So many ignored posts in the last page... Bullish?
It’s not time yet but I will go 100% long before Monday morning.
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JayJuanGee
Legendary
Online
Activity: 3836
Merit: 10816
Self-Custody is a right. Say no to"Non-custodial"
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November 25, 2017, 01:28:55 AM |
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Yes... August 2015 2016 they were "hacked" and September 2015-ish2016-ish they issued BFX coins for 36% of the dollar value of your then account, and by around April 1, 20162017, they had paid back all of their BFX tokens at 100%. Sure there were some problems with that whole set-up, but they paid back everyone who held their BFX tokens at 100% of face value over the next 7 months or so.
FTFY. We must all be in some kind of strange time warp. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Holy fuck!!!!!! I was going to double down and argue with you, but then I decided to look at my spreadsheet from January 2017, which clearly resolved that I had BFX tokens that had not yet been reimbursed, and so you are right and I was wrong.. Fuck.. I think that we are in a time warp... ..
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RoomBot
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November 25, 2017, 01:41:24 AM |
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Up we go ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Weeee Oh, great. Another noob à la gembitz going weeeee all over our thread. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FXdAODBKm.png&t=665&c=lG14_fBDKpE_Dw) *rubs cheek* I shall sit, watch, observe and learn. I shall try improve. Thanks for the insight you guys have already provided me with. Side note, I bought coins in 2013 but was to young to understand what I did. =/ "Whee!" = Exclamation! "Weee" = ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FhQqtBuQl.png&t=665&c=45LNdFmi3DRkAg)
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realr0ach
Sr. Member
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#TheGoyimKnow
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November 25, 2017, 01:47:50 AM |
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Well well well. I see the blocksize/scaling gridlock is STILL ongoing. Dash is now running 2MB blocks. needless to say, I'm rotating out of cripplecoin into the crypto more faithful to Satoshi's vision. Thanks for buying all those coins I bought for $12, suckers. I literally have so many hundred dollar bills in my pocket that I don't know how many there are.
Look what the cat drug in!!!! ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) I would say that technically all cryptocurrency holders are dumb money: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FTXOAu2Y.png&t=665&c=TRoB53nBKlEvuQ)
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BlindMayorBitcorn
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November 25, 2017, 01:49:01 AM |
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I hope you all are feeling right good and honoured to have such legendary posters in your presence. Such wisdom to impart, so many nuanced thinkings.
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BlindMayorBitcorn
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November 25, 2017, 01:52:30 AM Last edit: November 25, 2017, 02:14:02 AM by BlindMayorBitcorn |
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i feel a wall of text coming. brace for it
As long as no noob quotes it, we'll be fine. BJA account likely hacked anyway, as I'm pretty sure he wouldn't take JJG off ignore...? Just to rub it in. Dash just hit $605!! Those shifty triple punch raiders'll get ya there, too. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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billyjoeallen
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Hide your women
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November 25, 2017, 01:55:06 AM |
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Well well well. I see the blocksize/scaling gridlock is STILL ongoing. Dash is now running 2MB blocks. needless to say, I'm rotating out of cripplecoin into the crypto more faithful to Satoshi's vision. Thanks for buying all those coins I bought for $12, suckers. I literally have so many hundred dollar bills in my pocket that I don't know how many there are.
Look what the cat drug in!!!! ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) I would say that technically all cryptocurrency holders are dumb money: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FTXOAu2Y.png&t=665&c=TRoB53nBKlEvuQ) More like house money. I already cashed out more than 20X my buy in, so any additional profits from here are just gravy. I can't possibly loose.
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