AlcoHoDL
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January 30, 2020, 10:51:25 PM Merited by JayJuanGee (1) |
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Well, talked to the bank today about "selling the house for bitcoin", or to be more precise to take out a second mortgage, restructure my debts and "get some liquidity" as they put it. Good talk, and it's all settled. I'll be paying a llittle less each month, will have a substantial amount to invest in btc put in my account, and will also have a fixed interest rate for 20 years. Good times.
Of course they asked about what I wanted to the with "the liquidity", so i said I was looking to have some cash ready for when this whole cardhouse comes tumbling down, and invest in btc. That was a good enough explanation for them.
Nice bank. Crazy system. 1.7%.
FWIW, I support your decision, although it may sound risky. When I got into Bitcoin in 2015, I bought 0.5 BTC for a meager 100 €. I had a large sum of fiat available at the time, but I chickened out, and only used 100 €. Over the course of the following 3 years, I gradually (unnecessarily gradually) used said large sum of fiat to buy the remaining of my coin stash. Had I used the entire said large sum of fiat in 2015, I would now be owning 10x more coins than I currently own. Lesson #1: Best time to buy BTC is NOW. Lesson #2: Buy as much as you can afford to lose (but not less). Of course, you must be prepared to endure some potential setbacks (e.g., bear market of 2018), but even then, you'll be in great shape in t+3 years. Not using my BTC buying potential in 2015 was the biggest mistake I've made in my life.
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Last of the V8s
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Be a bank
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January 30, 2020, 10:52:41 PM Merited by Globb0 (2), VB1001 (1) |
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Holding out a good thought for you and yours Globb0 in these very difficult times. Pretty sure we all are. Hope you can find some strength here.
Hope anyone would guess that my own way of coping with all sorts of trials - gleefully sharing memes and jokes - does not equate to gladness that the trials beset one.
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julian071
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January 30, 2020, 10:53:03 PM |
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Well, talked to the bank today about "selling the house for bitcoin", or to be more precise to take out a second mortgage, restructure my debts and "get some liquidity" as they put it. Good talk, and it's all settled. I'll be paying a llittle less each month, will have a substantial amount to invest in btc put in my account, and will also have a fixed interest rate for 20 years. Good times.
Of course they asked about what I wanted to the with "the liquidity", so i said I was looking to have some cash ready for when this whole cardhouse comes tumbling down, and invest in btc. That was a good enough explanation for them.
Nice bank. Crazy system. 1.7%.
FWIW, I support your decision, although it may sound risky. When I got into Bitcoin in 2015, I bought 0.5 BTC for a meager 100 €. I had a large sum of fiat available at the time, but I chickened out, and only used 100 €. Over the course of the following 3 years, I gradually (unnecessarily gradually) used said large sum of fiat to buy the remaining of my coin stash. Had I used the entire said large sum of fiat in 2015, I would now be owning 10x more coins than I currently own. Lesson #1: Best time to buy BTC is NOW. Lesson #2: Buy as much as you can afford to lose (but not less). Of course, you must be prepared to endure some potential setbacks (e.g., bear market of 2018), but even then, you'll be in great shape in t+3 years. Not using my BTC buying potential in 2015 was the biggest mistake I've made in my life. The best time to plant a tree is 100 years ago. The second best, now.
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AlcoHoDL
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I saw may dad wheeled away yesterday, what if that was the last time I saw him?
Make the most of the time you have with him. Don't be angry and bitter, forgive and forget. Tell him now what you feel, and how much you love and care for him. There will be a time when you can't. And it will haunt you for the rest of your life. Speaking from experience.
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BitcoinNewsMagazine
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January 30, 2020, 11:09:02 PM |
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Great and inspiring find, V8 - it looks like it might be the killer app... the Bitcoin VISA. Sure it's early days, and I know it's not people having Bitcoin and spending it as we might idealise - but I think this rocks. I get LN, but I haven't found any real reason I want to use it. With this everyone just might and be linked to Mr Nakamoto's beautiful idea without even knowing it. May be very early days. I signed up for the beta and still have not heard back but indeed could be a killer app if it takes hold.
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Last of the V8s
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Be a bank
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January 30, 2020, 11:36:42 PM |
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becoin
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January 30, 2020, 11:37:22 PM Merited by JayJuanGee (1) |
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Thx bro, will do. Planning on using this cash very conservatively, only buying and selling, no shorting and longing.
buying = longing selling = shorting So?!
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fillippone
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January 31, 2020, 12:00:08 AM Last edit: January 31, 2020, 12:32:48 AM by fillippone |
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pretty good ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) This is beautiful. Of course you are using bitcoin on a KYC’d environment and mainstream adoption is not strictly necessary for bitcoin to succeed, but this is the answer to many arguments I had when talking about buying bitcoin with so many people. Great!
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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January 31, 2020, 12:17:45 AM |
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I doubt that we are going to go shooting up to $20k, but I could see shooting up to $17,500.
Yet, what the fuck do I know?
I am continuing to think that once we get in the $17,500 to $23,000 range, we are not going to be hanging around in those territories for very long.. .yeah we could be there for a couple of months.. but is kind of like bat country... in my ongoing thinkenings.
I have been thinking exactly the same.... Many people would like to unload their coins at this range and it will make them angry and fomo back in at higher prices, when they see BTC keep pumping. It could be like a repeat to early 2017 when BTC reached 1k again. The only thing, as JJG also stated some days ago, is: This time it's different. Now the halving effect is well known and many want to jump the boat before anyone else does. Imo it just needs a little confidence that the bears have actually given up (and now might be the time). I don't know how i think about the matter, exactly. It's like we have a model that plays out in very similar ways, but some of the specifics and therefore the dynamics vary to some degree, but in the end, we might be witnessing distinctions without a difference. For example, in 2015 we had a long ass period of flat of about 9 months for what ended up being our bottom, and so when late 2018 hit us with another halvening of the BTC price from $6k to $3k, there was an expectation that our bottom was going to get drug out, but instead, about 4 months into it, we experienced a 3.5x bounce, but then about a 5 correction that ends up bring us back to almost the same place of our fractal overlay, so yeah, there are some BIGGER players monkeying around with this market but they better be BIGGER and the better be able to move the market 15x or so more because our price is around 15x greater, too. The financial tools that are available are more complex including the impact of the thousands of froth coins, but in the end, all of those factors may NOT end up making a difference, but the BIG players really want to show the various price prediction models to be wrong and even to break those models, and the same was true in 2014-2017, and they really were NOT able to accomplish such breaking, even while they could manipulate the BTC price down for periods that seemed longer than sustainable, part of the loss of control when BTC prices finally went up was a product of their own making (NOT that they intentionally planned for that, the price just ended up playing out like that). So, yeah, my thinking remains torn on this, because I am ok. to look at the price prediction models and to attempt to use them as a guide, while at the same time attempting to see where we are at and how far the price or even the BTC price dynamics are deviating from the model and questioning the extent to which there might be some explanation for why the BTC price might be deviating from the price prediction model. A similar thing is true with bat country. Sure, I really only experienced one bat country - and that was our early 2017 re-entering the $900 to $1,300 price range (previous high was $1,163). Sure there was a bit of dancing around in that area, but when we really look back at it, we can see that we were NOT hanging out there for very long. The same was true when looking at the most recent historical price points of $32 and $263, too.... so we get senses about what bat country is going to be like, but we cannot really rest assured and with a 100% confidence... merely a kind of 75% (or maybe even less?), inclination.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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January 31, 2020, 12:24:13 AM Last edit: January 31, 2020, 01:48:31 AM by JayJuanGee |
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This message is to announce the suspension of the AYH posts for the foreseeable future.
New yearly highs are projected to occur so frequently in coming months that continuation of these posts has been deemed redundant and a hazard to regular forum traffic.
Good luck with conformity. I am inclined to post something about being within .5% of AYH, just to spite you.. $9,570/$9,520 (which just flashed on my screen while typing) is within .5% of AYH. Surely it will be nice to transition from AYH to ATH... You gonna attempt to rain on that ATH announcing parade, too? It's like you are attempting to censor rockets, trains and CCMFs, too. You party poop!!!! ![Angry](https://bitcointalk.org/Smileys/default/angry.gif)
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heslo
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January 31, 2020, 12:26:18 AM Merited by JayJuanGee (1) |
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I doubt that we are going to go shooting up to $20k, but I could see shooting up to $17,500.
Yet, what the fuck do I know?
I am continuing to think that once we get in the $17,500 to $23,000 range, we are not going to be hanging around in those territories for very long.. .yeah we could be there for a couple of months.. but is kind of like bat country... in my ongoing thinkenings.
I have been thinking exactly the same.... Many people would like to unload their coins at this range and it will make them angry and fomo back in at higher prices, when they see BTC keep pumping. It could be like a repeat to early 2017 when BTC reached 1k again. The only thing, as JJG also stated some days ago, is: This time it's different. Now the halving effect is well known and many want to jump the boat before anyone else does. Imo it just needs a little confidence that the bears have actually given up (and now might be the time). Normally i'm a nice and friendly person, but this time i'm honestly happy that BCH fails. Even though Roger always put the speed of transactions (block times) in front when arguing for Bitcoin Crash. Absolutely! Fuck Roger and his incessant shilling of that shitcoin. This latest bit of news just proves the market doesn't give a shit about BCH. Given Mallers new lightning developments too BTC is just making BCH more obsolete by the day
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Ibian
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January 31, 2020, 12:27:56 AM |
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Well, talked to the bank today about "selling the house for bitcoin", or to be more precise to take out a second mortgage, restructure my debts and "get some liquidity" as they put it. Good talk, and it's all settled. I'll be paying a llittle less each month, will have a substantial amount to invest in btc put in my account, and will also have a fixed interest rate for 20 years. Good times.
Of course they asked about what I wanted to the with "the liquidity", so i said I was looking to have some cash ready for when this whole cardhouse comes tumbling down, and invest in btc. That was a good enough explanation for them.
Nice bank. Crazy system. 1.7%.
My bank kicked me out simply for having bitcoins. They demanded information about whatever transactions I make. Obviously I told them to fuck off, and that was that. Had I gone along with it, they would eventually have pushed for more. Access to monitor my wallets, maybe eventually direct access to them or demanding that they hold them in custody. Be careful.
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Ibian
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January 31, 2020, 12:31:09 AM Last edit: January 31, 2020, 12:42:07 AM by Ibian |
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Fuck you idiots who are glad an unstoppable virus is on the loose. I hope you can stay glad when your family and friends are dying. Likely to be grandparents or parents. Watching the holocaust documentary the other day reminded me of the hideous horror of human beings. Sometimes we don't even deserve to be called human. In a mob the individual is somehow suspended from responsibility. Man, I cant end this post cleverly. ![Cry](https://bitcointalk.org/Smileys/default/cry.gif) It's not unstoppable. Any virus can only be so deadly before it burns itself out. More importantly, it was eventually going to happen in any case no matter how anyone feels about it. The more advanced medicine becomes, the deadlier diseases become. We can't stay ahead of the curve forever.
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HI-TEC99
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January 31, 2020, 12:40:51 AM |
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Well, talked to the bank today about "selling the house for bitcoin", or to be more precise to take out a second mortgage, restructure my debts and "get some liquidity" as they put it. Good talk, and it's all settled. I'll be paying a llittle less each month, will have a substantial amount to invest in btc put in my account, and will also have a fixed interest rate for 20 years. Good times.
Of course they asked about what I wanted to the with "the liquidity", so i said I was looking to have some cash ready for when this whole cardhouse comes tumbling down, and invest in btc. That was a good enough explanation for them.
Nice bank. Crazy system. 1.7%.
My bank kicked me out simply for having bitcoins. They demanded information about whatever transactions I make. Obviously I told them to fuck off, and that was that. Had I gone along with it, they would eventually have pushed for more. Access to monitor my wallets, maybe eventually direct access to them or demanding that they hold them in custody. Be careful. There's a thread listing the banks that hate Bitcoin the most. Fortunately there's still a few in it that will do business with bitcoiners. List of Bitcoin Hostile (and friendly) Banks
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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January 31, 2020, 12:42:02 AM |
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Thx bro, will do. Planning on using this cash very conservatively, only buying and selling, no shorting and longing.
buying = longing selling = shorting So?! Even though technically you are correct, becoin; I believe that he was trying to suggest: buying = buying without using margin selling = selling without using margin longing = buying with using margin shorting = selling with using margin
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Ibian
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January 31, 2020, 12:43:30 AM |
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Well, talked to the bank today about "selling the house for bitcoin", or to be more precise to take out a second mortgage, restructure my debts and "get some liquidity" as they put it. Good talk, and it's all settled. I'll be paying a llittle less each month, will have a substantial amount to invest in btc put in my account, and will also have a fixed interest rate for 20 years. Good times.
Of course they asked about what I wanted to the with "the liquidity", so i said I was looking to have some cash ready for when this whole cardhouse comes tumbling down, and invest in btc. That was a good enough explanation for them.
Nice bank. Crazy system. 1.7%.
My bank kicked me out simply for having bitcoins. They demanded information about whatever transactions I make. Obviously I told them to fuck off, and that was that. Had I gone along with it, they would eventually have pushed for more. Access to monitor my wallets, maybe eventually direct access to them or demanding that they hold them in custody. Be careful. There's a thread listing the banks that hate Bitcoin the most. Fortunately there's still a few in it that will do business with bitcoiners. List of Bitcoin Hostile (and friendly) Banks Unfortunately denmark is not on that list. No wonder, small country. Might be useful if I go shopping for a new country to live in... but it's a tiny list of countries. I'm looking at eastern europe or failing that, south america.
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AlcoHoDL
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Unfortunately denmark is not on that list. No wonder, small country. Might be useful if I go shopping for a new country to live in... Or don't use a bank at all. Do it the Jimbo way. Bitcoin ATM, wallet sweep, cash in hand. No names, no IDs, no records. The anonymity is worth the 5% (or whatever it is) commission. Unless you're talking large sums, in which case you need to be extra careful.
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Ibian
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January 31, 2020, 12:57:14 AM |
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Unfortunately denmark is not on that list. No wonder, small country. Might be useful if I go shopping for a new country to live in... Or don't use a bank at all. Do it the Jimbo way. Bitcoin ATM, wallet sweep, cash in hand. No names, no IDs, no records. The 5% (or whatever it is) commission is worth the anonymity. Unless you're talking large sums, in which case you need to be extra careful. Ideally, yes. There is a bitcoin atm in bangkok which works perfectly. The only problems are their scarcity (temporary issue) and the relatively poor exchange rate. But the ability to keep my money in my own hands in a secure way makes up for that. I have been living in asia for a few months now just on cash and bitcoin, and a family visa for backup just in case. I buy plane tickets directly with bitcoin and pay hotels with either cash or the visa (due to better exchange rate, but this is an unneeded luxury). It's quite liberating.
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bitserve
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January 31, 2020, 01:14:14 AM |
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Unfortunately I am unable to sleep for several months in a row. Sometimes I would like I were able though ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) ludes Hmmm, never tried... Anyway, probably would not mix well with my levels of alcohol consumption.... I will sleep like a baby after Bitcoin surpass ATH ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Oh, I should have said *IF* Bitcoin surpass ATH... Too much optimism is not good.
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bitserve
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January 31, 2020, 01:22:07 AM |
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Well, talked to the bank today about "selling the house for bitcoin", or to be more precise to take out a second mortgage, restructure my debts and "get some liquidity" as they put it. Good talk, and it's all settled. I'll be paying a llittle less each month, will have a substantial amount to invest in btc put in my account, and will also have a fixed interest rate for 20 years. Good times.
Of course they asked about what I wanted to the with "the liquidity", so i said I was looking to have some cash ready for when this whole cardhouse comes tumbling down, and invest in btc. That was a good enough explanation for them.
Nice bank. Crazy system. 1.7%.
My bank kicked me out simply for having bitcoins. They demanded information about whatever transactions I make. Obviously I told them to fuck off, and that was that. Had I gone along with it, they would eventually have pushed for more. Access to monitor my wallets, maybe eventually direct access to them or demanding that they hold them in custody. Be careful. They didn't kick you "simply for having" Bitcoins, which is surely not their fucking business. You were using *THEIR* (lol) bank account to run something similar to an unlicensed money exchange business... without even being a business. And continued doing so after they warned you. You were lucky they didn't report you lol "Banking" FIAT (and even cash in some instances) has strict rules on what you can and what you can't do. If you are gonna use, at least try to not mix it with REAL MONEY or they will get angry and suspicious about you.
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