Bitcoin Forum
May 25, 2019, 10:37:02 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Poll
Question: What year will we achieve a new ATH?
2019 - 43 (28.7%)
2020 - 59 (39.3%)
2021 - 34 (22.7%)
2022 - 8 (5.3%)
2023 - 1 (0.7%)
Never - 5 (3.3%)
Total Voters: 150

Pages: « 1 ... 20750 20751 20752 20753 20754 20755 20756 20757 20758 20759 20760 20761 20762 20763 20764 20765 20766 20767 20768 20769 20770 20771 20772 20773 20774 20775 20776 20777 20778 20779 20780 20781 20782 20783 20784 20785 20786 20787 20788 20789 20790 20791 20792 20793 20794 20795 20796 20797 20798 20799 [20800] 20801 20802 20803 20804 20805 20806 20807 20808 20809 20810 20811 20812 20813 20814 20815 20816 20817 20818 20819 20820 20821 20822 20823 20824 20825 20826 20827 20828 20829 20830 20831 20832 20833 20834 20835 20836 20837 20838 20839 20840 20841 20842 20843 20844 20845 20846 20847 20848 20849 20850 ... 23961 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21179989 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (24 posts by 13 users deleted.)
suchmoon
Legendary
*
Offline Offline

Activity: 1960
Merit: 3229


Pedal-powered snitch


View Profile
July 09, 2018, 09:57:04 PM

There are some scenarios where it makes sense to borrow for depreciating stuff as well - it becomes a sort of a rental then. A car is one example. There is no way I'd spend $25k of my own money and I really don't wanna drive a $5k clunker because my time has value too. So I "rent" it for $200 a month or so. Will not build any equity in it but I don't care, it's not an investment.

Blah. Used car: Invest in a set of tools and the ability to read and you can get that 25k car for a few K tops. My newest car is a 2002, 2001, 95,87,86,68. Why in the name of heaven would I want a new car?

To each their own. I value a few extra hours in my life a little bit more than $200 a month. Plus my garage has been full of miners since 2013 and that was not a bad decision at all.
PLAY OVER 3000 GAMES
LIGHTNING FAST WITHDRAWALS
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
HairyMaclairy
Hero Member
*****
Online Online

Activity: 840
Merit: 1371


Degenerate bull hatter & Bitcoin monotheist


View Profile
July 09, 2018, 10:02:14 PM
Merited by anunymint (1)

However the inability of the left to champion the cause of the working class is really disappointing.  How did the right become the champion of the rural working classes. Something went badly wrong there.  

It's pretty simple really... since the 90's the Democrats were lobbied and co-opted by transnational corporations to outsource all the blue collar jobs overseas, then promote the domestic white collar work life as the only the lifestyle left in America for anyone, anywhere. It was all highbrow and condescending. They figured that this is what all Americans want and need -- it's obvious they want to model American work life after Japan. Disregarding the fact that 80% of Americans are not cut out for a desk job just to sit behind a computer all day. They really just want to work with their hands and actually get something accomplished every day. They want their work life to have meaning, purpose, and lasting legacy.

Just go to college, earn your degree, and you'll be just fine they said. Get a white collar career and earn a great salary they said. Get married, buy a nice house, put your kids through college they said. Retire wealthy, they said.

Yeah, well that's all fine and good while the American economy is going strong and consumerism is rampant (70% of GDP!).... until a financial crisis comes, and then they start outsourcing all the white collar jobs that are left in America as well. That is actually happening right now... in China, white collar jobs are booming for the exact same work that the former American desk jockeys used to do before they got downsized (translation: were too expensive to just go to meetings, do Powerpoints and push Excel spreadsheets around all day) and at a fraction of the cost.

First they gutted the lower middle class (blue collar jobs). Then they gutting the middle- middle class. Now they are gutting the upper middle class (white collar desk jobs). Soon in America there will be nothing left but a few wealthy elites at the top of all the multinational corporations (i.e., Amazon, Google, Apple, etc.), and everyone else working for them but getting paid peanuts (relative to local cost of living, insurance, long term debts, etc.) and barely scraping by.

The Democrats solution to this monster of a problem they created is apparently more govt debt, more corp debt, more handouts, more free services, and perhaps even Universal Basic Income. Socialized by more taxes on the middle class and the poor to pay for it all. It's preposterously stupid and naive to think that this will solve things in the short or long term. It's an attempt to bandaid over the problems instead of solving them. It's a snake eating its own tail.

This is a pretty serious problem and I am concerned about it.  

I am have some small involvement with a project that will put about 300 downtown white collar workers out of work by turning their day jobs into a series of automated workflows.  The components that can’t be done by computer will be done by workers in a low cost center in a regional city.  It won’t be offshored because the quality of the work product would be too low.  

From there it’s a race between developing world workers and the computers as to who will get their standards of quality high enough to subsequently replace the local workers.  But the computers are going to win.  You can see this with Foxconn dumping Chinese laborers for robots.

Automation is going to kill third world workers jobs even harder than it kills domestic jobs because, generally speaking, education standards are still lower on average in the developing world than in the West.  (Their best are as good as our best but that’s an aside).

The Democrats are right in that anyone without a decent education and the ability to be highly agile in their role is fucked.  I don’t know what the Republican solution is - locking up Hispanic children is a distraction.  Trade wars are a distraction, the 300 jobs that area going have nothing to do with China.  And that’s just one smallish  company.  The low cost Chinese workers can’t speak English so they are useless for white collar outsourcing.  

So everyone can whinge about the cost of education, but if your population isn’t educated, it’s not going to be competitive and it’s going to drag down your economy.
lightfoot
Legendary
*
Offline Offline

Activity: 1862
Merit: 1072


I fix broken miners. And make holes in teeth :-)


View Profile
July 09, 2018, 10:03:08 PM

To each their own. I value a few extra hours in my life a little bit more than $200 a month. Plus my garage has been full of miners since 2013 and that was not a bad decision at all.
There is, as they say, that. I put my watch repair business on hold for miner repair for a few years, now I'm switching over the desks to clocks again. It's kind of weird.....
Torque
Legendary
*
Offline Offline

Activity: 1792
Merit: 1486



View Profile
July 09, 2018, 10:12:44 PM
Last edit: July 09, 2018, 10:30:00 PM by Torque
Merited by anunymint (1)

The Democrats are right in that anyone without a decent education and the ability to be highly agile in their role is fucked.

So everyone can whinge about the cost of education, but if your population isn’t educated, it’s not going to be competitive and it’s going to drag down your economy.

Yes, but how are young Americans going to compete for domestic jobs, when they have to get student loans for $50K-$100K @ 2-4% interest and when U.S. open borders allow immigrants (like H1B's) coming in by the tens of thousands who already speak English and got single or multiple degrees for next to nothing in their home country, all completely paid for?

Answer: They can't. They are saddled with a debt burden overhead that they have to service that the equivalent immigrant competing for the same job won't have, and they won't be able to accept a lesser salary in order to compete.

The low cost Chinese workers can’t speak English so they are useless for white collar outsourcing.  

You should do some more research. Expats who speak native English and Mandarin are being employed in China (metro cities like Hong Kong, Shenzhen, Shanghai, etc.) specifically to teach English to those educated Chinese students so they can get the outsourced white collar jobs from America.
BlindMayorBitcorn
Legendary
*
Offline Offline

Activity: 1190
Merit: 1064



View Profile
July 09, 2018, 10:16:13 PM

Pretty amusing when back in January some people here thought the $3k-4k moves up and down every 2-3 days was "just a correction" and completely sustainable, lol.

but not haha amusing. I kind of always knew what the shot was going to be, but my inner bull took over the chinashop. Some said that I was a dreamer. But was I really the only one?

Are you sure that you are not just reframing history?  Funny how a bit of time passage can change perspectives... dragging you out from the cupboards in your dehydrated state, was not a pretty picture, as I recall, but maybe I am the only one?   Wink Cheesy

I was cool as can be. You must be thinking of someone else.
Anon136
Legendary
*
Offline Offline

Activity: 1652
Merit: 1210



View Profile
July 09, 2018, 10:19:26 PM

BlindMayorBitcorn
Legendary
*
Offline Offline

Activity: 1190
Merit: 1064



View Profile
July 09, 2018, 10:25:22 PM

BobLawblaw
Legendary
*
Offline Offline

Activity: 1288
Merit: 1911


BitcoinTalk's Most Fabulously Gay Black Power-Top


View Profile
July 09, 2018, 10:25:41 PM

Shit be movin' up, yo.

EDIT: And now back down. Fuck this Bitcorn season.
lightfoot
Legendary
*
Offline Offline

Activity: 1862
Merit: 1072


I fix broken miners. And make holes in teeth :-)


View Profile
July 09, 2018, 10:26:02 PM

No kidding. This stability is boring as fuck.
BlindMayorBitcorn
Legendary
*
Offline Offline

Activity: 1190
Merit: 1064



View Profile
July 09, 2018, 10:37:04 PM
Merited by bones261 (2), BobLawblaw (2)

Bitcorn season.

JayJuanGee
Legendary
*
Offline Offline

Activity: 1904
Merit: 1761


How much alt coin diversification is needed? 0%?


View Profile
July 09, 2018, 10:37:54 PM

LN capacity reached 51 BTC up from 30 last week Cool

https://1ml.com/statistics

That is interesting Paashaas.

Seems like a kind of exponential increase in lightning network usage that is ongoing, and more than 52.4 BTC, as I type this response.

Perhaps increased confidence in the security of the lightning network, which is resulting in increasing avenues of utility for bitcoiners. 

Segwit abstainers are going to be one-step removed from such added Bitcoin utility, yet in any event all bitcoin hodlers are likely to be advantaged by such increases in BTC capacity.
vapourminer
Legendary
*
Offline Offline

Activity: 2331
Merit: 1192


what is this "brake pedal" you speak of?


View Profile
July 09, 2018, 10:58:05 PM
Last edit: July 10, 2018, 12:04:41 AM by vapourminer
Merited by JayJuanGee (1)

There are some scenarios where it makes sense to borrow for depreciating stuff as well - it becomes a sort of a rental then. A car is one example. There is no way I'd spend $25k of my own money and I really don't wanna drive a $5k clunker because my time has value too. So I "rent" it for $200 a month or so. Will not build any equity in it but I don't care, it's not an investment.

Blah. Used car: Invest in a set of tools and the ability to read and you can get that 25k car for a few K tops. My newest car is a 2002, 2001, 95,87,86,68. Why in the name of heaven would I want a new car?

my wrenching days are far behind me. brakes fluids filters tuneups are about all i wish to do now. my time is worth more than what it would take to do any repairs and maintenance beyond that.

and in the sticks dependability is all. so i buy new and get 100,000 mile "everything included" warranties. once it hits that (say 5-6 years) the new vehicles have so many new features and tech its worth buying new again. repeat as needed.

i still do stuff on an old jeep thats my wheeling mobile, but thats pretty easy to work on. and its a hobby mobile, not a daily driver thats absolutely needs to get me from point a to point b when i need it.
JayJuanGee
Legendary
*
Offline Offline

Activity: 1904
Merit: 1761


How much alt coin diversification is needed? 0%?


View Profile
July 09, 2018, 11:05:02 PM

There are some scenarios where it makes sense to borrow for depreciating stuff as well - it becomes a sort of a rental then. A car is one example. There is no way I'd spend $25k of my own money and I really don't wanna drive a $5k clunker because my time has value too. So I "rent" it for $200 a month or so. Will not build any equity in it but I don't care, it's not an investment.

Blah. Used car: Invest in a set of tools and the ability to read and you can get that 25k car for a few K tops. My newest car is a 2002, 2001, 95,87,86,68. Why in the name of heaven would I want a new car?

I can relate to economizing and frugality up to a certain point, but at some point, you have to begin to treat yourself.

Yeah, while you are building your nest egg and your various financial assets, you might want to be extremely focused on utility and lack of depreciation; however, at some point, there is value in treating yourself and even showing status that comes with new products that depreciate - a car being a decent example of such.
jojo69
Legendary
*
Offline Offline

Activity: 1400
Merit: 1746


no FOMO


View Profile
July 09, 2018, 11:06:27 PM

15 minute micro pump n dump?

how cute
BlindMayorBitcorn
Legendary
*
Offline Offline

Activity: 1190
Merit: 1064



View Profile
July 09, 2018, 11:18:36 PM


how cute




JayJuanGee
Legendary
*
Offline Offline

Activity: 1904
Merit: 1761


How much alt coin diversification is needed? 0%?


View Profile
July 09, 2018, 11:20:23 PM
Merited by BlindMayorBitcorn (1)

Pretty amusing when back in January some people here thought the $3k-4k moves up and down every 2-3 days was "just a correction" and completely sustainable, lol.

but not haha amusing. I kind of always knew what the shot was going to be, but my inner bull took over the chinashop. Some said that I was a dreamer. But was I really the only one?

Are you sure that you are not just reframing history?  Funny how a bit of time passage can change perspectives... dragging you out from the cupboards in your dehydrated state, was not a pretty picture, as I recall, but maybe I am the only one?   Wink Cheesy

I was cool as can be. You must be thinking of someone else.


You identified one of my many weaknesses.... which is that I am not going to go back and attempt to wipe that chocolate off of your split personality...  Cheesy Cheesy Cheesy   Tongue
Anon136
Legendary
*
Offline Offline

Activity: 1652
Merit: 1210



View Profile
July 09, 2018, 11:40:44 PM


It's like rule 34. No matter how crazy an idea there is at least one person somewhere who believes it.
Torque
Legendary
*
Offline Offline

Activity: 1792
Merit: 1486



View Profile
July 10, 2018, 12:43:26 AM

For all you TA lovers... if you want to read the biggest crock of horseshit TA and laugh, well here ya go :

https://www.bloomberg.com/professional/blog/trading-lamborghinis-fiats-likely-crypto-bottom/
lightfoot
Legendary
*
Offline Offline

Activity: 1862
Merit: 1072


I fix broken miners. And make holes in teeth :-)


View Profile
July 10, 2018, 01:24:41 AM
Merited by HairyMaclairy (1)

I can relate to economizing and frugality up to a certain point, but at some point, you have to begin to treat yourself.

Yeah, while you are building your nest egg and your various financial assets, you might want to be extremely focused on utility and lack of depreciation; however, at some point, there is value in treating yourself and even showing status that comes with new products that depreciate - a car being a decent example of such.

Well, I did treat myself to a bit of a splurge, a 32 valve 5.0L Porsche 928S, bad assed little car that's pretty unique on the road. A new Toyota or even Tesla just doesn't add much in the wow factor for me. A Lambo has been on the mental table, but I'm not sure if I can fit in one for a longer drive. Maybe if bitcoin tops 25k I'll pick one up just for giggles or something. But even then I would prefer a Diabalo as opposed to something new (The LP500S is amazing looking but a total bitch to drive. I tried it, too much work by far).

Guess I'm just not at the showing status portion of my life yet. But I can understand the lack of wanting to wrench, I'm just pointing out to my kids that it's a lot cheaper to fix something themselves and spend money on hookers and blow than have a new car and no H+B. :-)

C
sirazimuth
Legendary
*
Offline Offline

Activity: 1554
Merit: 1139


born once atheist


View Profile
July 10, 2018, 02:14:50 AM

I'm just pointing out to my kids that it's a lot cheaper to fix something themselves and spend money on hookers and blow than have a new car and no H+B. :-)

C

well if my kid ever asks me whether to spend money on a new car or a clunker, hookers and blow,
I would indubitably encourage the former...but that's just me.
whatever floats your boat...
Pages: « 1 ... 20750 20751 20752 20753 20754 20755 20756 20757 20758 20759 20760 20761 20762 20763 20764 20765 20766 20767 20768 20769 20770 20771 20772 20773 20774 20775 20776 20777 20778 20779 20780 20781 20782 20783 20784 20785 20786 20787 20788 20789 20790 20791 20792 20793 20794 20795 20796 20797 20798 20799 [20800] 20801 20802 20803 20804 20805 20806 20807 20808 20809 20810 20811 20812 20813 20814 20815 20816 20817 20818 20819 20820 20821 20822 20823 20824 20825 20826 20827 20828 20829 20830 20831 20832 20833 20834 20835 20836 20837 20838 20839 20840 20841 20842 20843 20844 20845 20846 20847 20848 20849 20850 ... 23961 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!