Dabs
Legendary
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Activity: 3416
Merit: 1920
The Concierge of Crypto
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January 22, 2020, 06:47:03 PM |
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If you read about the 4% rule (of thumb) ... I think in one link it says that not spending it all is also considered a failure, or being too conservative or safe. I say the more money you keep with you even if you can't spend it yourself (your heirs certainly can), then wouldn't that be better? Maybe for them, not for you if you're dead.
Still, that is why some people have modified their withdrawal rate to less than 4%. Maybe 3.5% or 3%. Some people focus on just dividends and earnings and leave their equity and capital untouched. That's another way of looking at it.
About the only thing common with traditional financial fiat investments are that, plenty of them HODL too. They keep their stuff for decades.
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JayJuanGee
Legendary
 Online
Activity: 4438
Merit: 14364
Self-Custody is a right. Say no to "non-custodial"
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JJG, it's Thursday. Well, according to @jupiter9, where else? - in Jupiter of course.  His level of dumb is kind of funny. Gotta give him that, I suppose...  You just can't see what Jupiter9 does, it's all clearly written in the sky! OPen your eyes and you will see (and believe)... EDIT: Wait, i think the effect of my acid is fading out. Shit, the writings are gone too, now  Well, yeah, it is seeing and feeling. He is dealing with invisible gravitational force fields and all of that, too... so much beyond merely seeing. Much more powerful than any of us non-believers is capable of comprehending, and he is connected with a specialty area that just analyses the profundity of this accurate yet frequently subliminal information. Many of us are in pure denial about the level of importance that needs be placed upon such woo woo force fields. Probably the market needs those kinds of people.. I suppose. To the extent that they are actually acting on their bullshit ideas about how the world works (such as putting finances behind their woo woo conceptions), some of them might get lucky in their lives and even reach fortunes based on one or two lucky calls (as long as they do not continue to bet on those kinds of things), but probably the vast majority of them who actually put money behind their bets get caught by their likely to be much worse than martingale betting style and are just continually giving their money to much more grounded people. So in the end, it is quite likely that most of them have little to no money to actually pump into such bullshit ideas, and instead they are largely talk rather than actually acting upon their phoney baloney nonsense that would not really work in the real world - beyond mere coincidence from time to time. |
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LFC_Bitcoin
Diamond Hands
Legendary
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Activity: 4256
Merit: 12769
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January 22, 2020, 07:15:51 PM
Last edit: January 22, 2020, 07:32:59 PM by LFC_Bitcoin |
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People seriously leave their BTC long term on a random centralized website where they don’t control the private keys just to get a reported 4% interest?
You can get over 100% profits quite regularly just by HODLING.
Fuck that!
Not your keys, not your BTC!
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JayJuanGee
Legendary
Online
Activity: 4438
Merit: 14364
Self-Custody is a right. Say no to "non-custodial"
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January 22, 2020, 07:34:58 PM |
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We only are serious when it comes to WO  We become more serious when members start to spread fucktwat ideas in the thread to seriously suggest all or nothing trading (such as selling all your BTC) or getting meaningfully involved in any kind of shitcoin.. beyond playing around a little because it might possibly perform better than bitcoin in the short term. Cannot be nice to members who propagate reckless practices in regard to BTC holdings, even if they might be engaging in such reckless practices themselves. Could that be called spreading dumb? which is not tolerable.. and even roach might be more tolerable than that because at least the vast majority of people understand that it is reckless in and of itself to take any of the ideas of an actual bug seriously. |
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LUCKMCFLY
Legendary
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Activity: 3136
Merit: 1886
Leading Crypto Sports Betting & Casino Platform
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January 22, 2020, 07:36:52 PM |
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Risk and Performance, interesting thinking of PlanB#bitcoin risk & return (-74% & 206%) is off the chart!
Looking at 50 years price data: bonds, gold and stocks are on the same risk & return line, consistent with EMH and CAPM. But bitcoin is far above that line. IMO that is the reason why the market overestimated bitcoin risk.  Source: https://twitter.com/100trillionUSD/status/1220055061235216384 |
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StartupAnalyst
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January 22, 2020, 07:44:41 PM Merited by LFC_Bitcoin (1) |
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People seriously leave their BTC on a random centralized website where they don’t control the private keys just to get a reported 4% interest?
You can get over 100% profits quite regularly just by HODLING.
Fuck that!
Not your keys, not your BTC!
Sometimes human greed forces people to do very stupid things... Recently, I myself almost got into such trouble, did not want to pay the intermediaries for imported goods from Europe and decided to buy in my country at a lower price, but already in use. They tried to sell me a VERY high quality Chinese copy, but I was lucky and I realized it was not the original!  |
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Paashaas
Legendary
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Activity: 4004
Merit: 6124
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January 22, 2020, 07:45:27 PM Merited by JayJuanGee (1) |
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LFC_Bitcoin
Diamond Hands
Legendary
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Activity: 4256
Merit: 12769
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January 22, 2020, 07:50:03 PM |
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Imminent BCH crash? Edit - Just looked, it’s up over 70% in 30 days! WAT |
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BitcoinGirl.Club
Legendary
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Activity: 3276
Merit: 2843
The voice of the community w/o a gang
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January 22, 2020, 08:31:57 PM |
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Good evening WO!
Observing @ $8,637
Good to see that we are stable at $8.5+K
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BitcoinGirl.Club
Legendary
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Activity: 3276
Merit: 2843
The voice of the community w/o a gang
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January 22, 2020, 08:33:31 PM |
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People seriously leave their BTC long term on a random centralized website where they don’t control the private keys just to get a reported 4% interest?
You can get over 100% profits quite regularly just by HODLING.
Fuck that!
Not your keys, not your BTC!
Those greedy will hear a news someday that the exchange got hacked. I hope it does not happen though. |
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StartupAnalyst
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January 22, 2020, 08:38:40 PM |
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People seriously leave their BTC long term on a random centralized website where they don’t control the private keys just to get a reported 4% interest?
You can get over 100% profits quite regularly just by HODLING.
Fuck that!
Not your keys, not your BTC!
Those greedy will hear a news someday that the exchange got hacked. I hope it does not happen though. Whether you hope so or not, this news is gonna come out sooner or later anyway...  |
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DaRude
Legendary
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Activity: 3314
Merit: 2187
In order to dump coins one must have coins
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January 22, 2020, 09:05:31 PM Merited by JayJuanGee (1) |
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People seriously leave their BTC long term on a random centralized website where they don’t control the private keys just to get a reported 4% interest?
You can get over 100% profits quite regularly just by HODLING.
Fuck that!
Not your keys, not your BTC!
Those greedy will hear a news someday that the exchange got hacked. I hope it does not happen though. Whether you hope so or not, this news is gonna come out sooner or later anyway... On the up side at 4% it'll take around 19yrs to double your bitcoin so you can take out your initial investment and continue collecting interest risk free. On the flip side you can loose everything at any point during those 19yrs. Do you feel lucky, punk? Do you? |
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El duderino_
Legendary
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Activity: 3220
Merit: 15537
“They have no clue”
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January 22, 2020, 09:05:40 PM |
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I'm bored....Isn't there another BTC anonymous prediction to follow....
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StartupAnalyst
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January 22, 2020, 09:15:35 PM |
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People seriously leave their BTC long term on a random centralized website where they don’t control the private keys just to get a reported 4% interest?
You can get over 100% profits quite regularly just by HODLING.
Fuck that!
Not your keys, not your BTC!
Those greedy will hear a news someday that the exchange got hacked. I hope it does not happen though. Whether you hope so or not, this news is gonna come out sooner or later anyway... On the up side at 4% it'll take around 19yrs to double your bitcoin so you can take out your initial investment and continue collecting interest risk free. On the flip side you can loose everything at any point during those 19yrs. Do you feel lucky, punk? Do you? Yes, I feel it! I have learned a lot from reading the posts in this thread, and now I have information that not everyone in the crypto market knows. So yes, I am definitely lucky !  |
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bitebits
Legendary
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Activity: 2322
Merit: 3796
Flippin' burgers since 1163.
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January 22, 2020, 09:18:14 PM |
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Good evening WO!
Observing @ $8,637
Good to see that we are stable at $8.5+K
Based on previous wall observing, somewhat stabilizing means we are often going down a leg. |
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El duderino_
Legendary
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Activity: 3220
Merit: 15537
“They have no clue”
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January 22, 2020, 09:22:07 PM |
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Good evening WO!
Observing @ $8,637
Good to see that we are stable at $8.5+K
Based on previous wall observing, somewhat stabilizing means we are often going down a leg. Thx for the info... |
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Cryptotourist
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January 22, 2020, 09:34:37 PM |
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The ... legs in my village, go only up. |
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Basorexia
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January 22, 2020, 09:43:46 PM |
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As always, I am surprised by the voting results...
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kurious
Legendary
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Activity: 2618
Merit: 1749
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January 22, 2020, 09:46:43 PM Merited by LFC_Bitcoin (2) |
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[Snip]
There's no shame in burying your nuts in different places.
Er... I have never been ashamed of burying my nuts in different places I am surprised LFC didn't pounce on that one!  |
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kurious
Legendary
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Activity: 2618
Merit: 1749
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January 22, 2020, 09:52:18 PM |
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[Snip again]
It's not just that Bitcoin doesn't provide income... which is not completely true, because there are places where you can earn an interest from it.
I mean 'as opposed to stocks and gilts / bonds' in terms of collecting passive income. But I agree with you in most other respects. Especially in that I ain't ever handing over my keys for any promise of interest. Ever. |
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