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Indymoney
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August 15, 2020, 08:38:19 PM |
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Life was giving me a hint at the grocery store  went over my head..oh well as the proverbial saying (from a hairdresser) goes "you can't do them all". Is that the WO thread when BTC hits 200k? Its too much we need some better way to advertise this not here right now   |
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JayJuanGee
Legendary
 Online
Activity: 3696
Merit: 10143
Self-Custody is a right. Say no to"Non-custodial"
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August 15, 2020, 08:49:48 PM |
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[edited out]
Essentially we're saying the same thing. I just removed the impossible (the past). Of course, if I could travel back in time, buying BTC would be the very first thing I'd do. I still haven't forgiven myself for not buying moar in 2015, ending up spending the same amount of fiat I had then, to buy much less corn later. Hesitation is costly in bitcoinlandia, the early bird gets the worm, the later bird is still OK, but it has to wait. But it's still OK. Can't argue with you there. History has shown that buying BTC whenever you can, has been (most of the time) a very profitable move. Add a few years in the future, and (perhaps) you could replace "most" with "all" in the previous sentence.
This too... agree. Can you imaging someone buying right at the ATH point? I have a friend who did so in 2017. He must be so sad now... Should he be? Maybe not. I could place a bet that his face will turn from  to  in a couple of years. So, subtracting the impossible, the best time to buy is now, or in the near future if you think you can outsmart it (hahaha). I gotta quibble here. I am not going to doubt that there are some outlier cases that bought at the top and just sat on their hands for more than 2.5 years... but that really is not a very smart strategy to just let their investment sit without buying some more.. I don't have too much sympathy for these kinds of folks, but there would be a decent amount of respect for anyone who actually makes sure NOT to sell at a loss, even though part of the inclination is going to be to cash out way too much too early once their holdings get into profits... again to the extent that this hypothetical (and likely over-represented) investor actually exists. My advice to anyone reading this: DON'T share PINs, passphrases, seeds, anything of that nature, with ANYONE, not even your parents, children, spouse, etc. They may be the most trustworthy people in the world, but they may carelessly compromise the security of your coins.
But...if you want your loved ones to inherit your stash after you are gone, you have to figure out a way to leave it to them. Otherwise your stash access dies with you. And keep in mind that you could die any second (e.g., sudden heart attack, getting hit by a bus, etc.) so you may not have time or opportunity to give them access to it on your death bed. Yes, that's exactly the problem. Not easy to solve. We must find at least one person in our lives, who can handle this thing. Banks, wills, etc. is how it's currently done. With Bitcoin we're on our own. Even teaching someone to transact in Bitcoin can be a challenge. Just imagine explaining about wallets, seeds, passphrases, keys, addresses, etc. Not (yet) easy for most... What about the letter to the lawyer or whoever that is in your safe or whereever that explains everything upon your passing? xhomerx10 just replied with a near-exact copy of what I was about to write. Well, I am going to have to give you the same exact response that I gave to xhomer.. except making my response with an image rather than words.  |
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D. Lerk
Jr. Member
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Activity: 31
Merit: 71
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August 15, 2020, 09:35:02 PM |
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My grown-up kids and wife of decades are educated in the convoluted process of retrieving my coins should I get hit by a bus.
I don’t worry about them conspiring to “rob” me, because if that were to happen my life would have been a worthless sham and my problems far bigger than mere money.
Perspective.
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Toxic2040
Legendary
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Activity: 1792
Merit: 4141
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August 15, 2020, 09:49:53 PM |
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jojo69
Legendary
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Activity: 3150
Merit: 4309
diamond-handed zealot
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August 15, 2020, 09:57:56 PM Merited by sirazimuth (1) |
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_javi_
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August 15, 2020, 09:59:58 PM |
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Somebody doesnt want 12k
Slaughter that mini-bearwhale!!!
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LFC_Bitcoin
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Activity: 3514
Merit: 9483
#1 VIP Crypto Casino
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August 15, 2020, 10:01:25 PM |
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Somebody doesnt want 12k
Slaughter that mini-bearwhale!!!
Seemingly a tough nut to crack atm. We’ll break through by the end of this weekend, I think. |
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Biodom
Legendary
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Activity: 3738
Merit: 3843
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OT: City (Sterling) did not score into the empty net from 6-8 feet.
Bayern/City would be probably more interesting than Bayern/Lyon, but who knows.
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LFC_Bitcoin
Legendary
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Activity: 3514
Merit: 9483
#1 VIP Crypto Casino
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OT: City (Sterling) did not score into the empty net from 6-8 feet.
Bayern/City would be probably more interesting than Bayern/Lyon, but who knows.
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D. Lerk
Jr. Member
Offline
Activity: 31
Merit: 71
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August 15, 2020, 10:12:00 PM |
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Somebody doesnt want 12k
Slaughter that mini-bearwhale!!!
Seemingly a tough nut to crack atm. We’ll break through by the end of this weekend, I think. There’s often an attack on support or resistance in the wee hours, 3-5 Sunday am, Liverpool time. |
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Indymoney
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OT: City (Sterling) did not score into the empty net from 6-8 feet.
Bayern/City would be probably more interesting than Bayern/Lyon, but who knows.
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-CryptoViking-
Sr. Member
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Activity: 378
Merit: 335
https://t.me/CRYPTOVlKING
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August 15, 2020, 11:20:07 PM |
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aesma
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August 15, 2020, 11:36:45 PM |
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I'm French however I don't watch football so meh.
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Toxic2040
Legendary
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Activity: 1792
Merit: 4141
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August 16, 2020, 12:25:29 AM |
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Toxic2040
Legendary
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Activity: 1792
Merit: 4141
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August 16, 2020, 12:45:02 AM |
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the evening wall report Its been a battle today..have no doubt..hitting a high of $11,986.93 bulls once again tested the surprisingly resilient $12kish level. Closing at $11,852.20 bitcoin buying continued to lead on declining volume..still a good showing for a Saturday. Closing bell tomorrow on the weekly chart will further illuminate longer time frame dynamics. #dyor 4h  D  #stronghands |
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Toxic2040
Legendary
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Activity: 1792
Merit: 4141
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August 16, 2020, 12:47:44 AM |
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xhomerx10
Legendary
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Activity: 3822
Merit: 7962
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Toxic2040
Legendary
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Activity: 1792
Merit: 4141
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Thy foul machinations shall not foil me so easily...I demand satisfaction sir..en garde!  |
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yefi
Legendary
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Activity: 2842
Merit: 1510
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August 16, 2020, 02:14:57 AM Merited by JayJuanGee (1) |
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What about the letter to the lawyer or whoever that is in your safe or whereever that explains everything upon your passing?
I think somebody mentioned before with split keys and Shamir's Secrets. So Billy would have half the seed and the lawyer the other half. Neither could spend the coins without the involvement of the other. One would need to ensure the full seed could not be reconstructed from either part without impossibly expensive computation. |
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Hueristic
Legendary
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Activity: 3794
Merit: 4863
Doomed to see the future and unable to prevent it
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August 16, 2020, 02:44:18 AM Merited by JayJuanGee (1) |
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Neat! They are using CoinbasePro data for the "battle." Yeah, used to be bitfinex but I guess the api wasn't dependable. There a link to a reddit thread on it, I wish there was a drop down to select what api we wanted. |
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