BobLawblaw
Legendary
Offline
Activity: 1826
Merit: 5551
Neighborhood Shenanigans Dispenser
|
|
January 17, 2021, 02:33:27 PM |
|
buying 0.007 BTC ($250) seems a bit strange...
I'm a gay dude sent here from Planet Anus, to make everyone on Planet Earth homosexual, ushering in the Age of Aquarius. How DARE YOU talk to me about strange.
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
philipma1957
Legendary
Offline
Activity: 4116
Merit: 7873
'The right to privacy matters'
|
|
January 17, 2021, 02:36:00 PM |
|
So, today, I did some degenerate sat stacking. Feelin' pretty decent. Looks like I'm gonna get filled @ $35,000 soon, at this rate. Orders placed all the way down to $33k. 01/16/2021 XX:XX:XX BTCUSD Buy Limit $35,500.00 USD 0.00704225 BTC $250.00 USD Filled 01/16/2021 XX:XX:XX BTCUSD Buy Limit $36,000.00 USD 0.00694444 BTC $250.00 USD Filled 01/16/2021 XX:XX:XX BTCUSD Buy Limit $36,500.00 USD 0.00684931 BTC $250.00 USD Filled 01/15/2021 XX:XX:XX BTCUSD Buy Limit $35,500.00 USD 0.00704225 BTC $250.00 USD Filled 01/15/2021 XX:XX:XX BTCUSD Buy Limit $36,000.00 USD 0.00694444 BTC $250.00 USD Filled 01/15/2021 XX:XX:XX BTCUSD Buy Limit $36,500.00 USD 0.00684931 BTC $250.00 USD Filled
Lots of deja vu doing this stuff. Don't like hitting targets more than 3x Bob, it's good that you're stacking sats, actually I should be doing the same, it's just that I can't be bothered with the whole process of wiring the fiat and waiting for it to arrive at the exchange, etc., etc. I wonder though. With so many coins you have (in the big hundreds or more, I'm sure), what's the point of buying $250 worth of BTC? Is this just for fun/entertainment purposes? Because, even when Bitcoin goes 10x (and it will), your $250 (or $1250) will become $2500 ($12,500). Just peanuts compared to the coins you have.Not trying to criticize you or anything, just to get your point of view. Why not buy $100,000 (or more) worth of BTC straight away right now? I believe you must have that kind of fiat. That would be a move that would fit your stash and wealth level. $250 is just dust for you, isn't it? On the other hand, "every little helps", and maybe we should all be doing that, no matter how large or small the amount. In fact, your post is seriously tempting me to wire a few $$$$ to buy more corn... Sorry for getting a little personal, just being curious... You're underestimating Bawb... or not following closely enough. He's been DCAing for quite a time already and don't let these tiny $250 buys confuse you. For example $250 x10 is $2500 and according to your calculations above if (when) BTC goes 10x $2500 will be $25000 which is not quite peanuts anymore. I wasn't counting but I guess Bawb bought much more than $250 x10 this time. Yes, I see your point, but it's all relative. When his $250 x10 = $2500 becomes $25,000, his stash could be worth several hundred million dollars. What's $25,000 compared to that? In any case, I do believe we should convert any spare fiat we have to BTC, however small it may be. It's just that, when one has hundreds or thousands of BTC, buying 0.007 BTC ($250) seems a bit strange... If I had 1000 btc first off I would have sold 500 when it cracked 40 k. 500 x 40 k = 20 million. I would set aside 7 -8 million for taxes. leaving me 12-13 million. I need 1/2 for living my life. So I have 6-6.5 million to fuck with. buying back $250 at a time will take me 64 years at 1 buy a day. But I would have something to do for the rest of my life. And the key is I would increase to 500 if coins go under 30K. now buy back takes 32 years I would then increase again to 1000 a buy if coins go under 25k. now buy back takes 16 years. If you want to do DCA you need to prep correctly So you wouldn't have waited till November-December? Costly mistake, man... No I held 500 of the 1000 coins. Thus I must be 1/2 right. If I held all the coins I could be 100% wrong. At 40k making your self 1/2 right is the easiest decision in the world. The worst that happens is the coins go up. And my other 500 just become more valuable. Your method is a certain way to be unhappy as you always want more.
|
|
|
|
BitcoinGirl.Club
Legendary
Offline
Activity: 2772
Merit: 2713
Farewell LEO: o_e_l_e_o
|
|
January 17, 2021, 02:38:24 PM Last edit: May 14, 2023, 04:35:40 PM by BitcoinGirl.Club |
|
Bitcoin is not moving 🤣
Neither is this thread.. In last 107 days nearly 300% growth, and then a small drop and currently still at 234% growth. I must be drunk AF 😛 My afternoon greeting starts with observing @ $35,140 Good afternoon WO!
|
|
|
|
BitcoinGirl.Club
Legendary
Offline
Activity: 2772
Merit: 2713
Farewell LEO: o_e_l_e_o
|
|
January 17, 2021, 02:41:58 PM |
|
Wait!!! I am still drunk. Who cares about the fiat? It's 1 BTC = 1 BTC. Bitcoin is not really moving 😛
Bitcoin will move when we will have bitcoin ecosystem.
|
|
|
|
BobLawblaw
Legendary
Offline
Activity: 1826
Merit: 5551
Neighborhood Shenanigans Dispenser
|
|
January 17, 2021, 02:42:58 PM Last edit: January 17, 2021, 07:42:54 PM by BobLawblaw |
|
buying back $250 at a time will take me 64 years at 1 buy a day. But I would have something to do for the rest of my life. And the key is I would increase to 500 if coins go under 30K. now buy back takes 32 years I would then increase again to 1000 a buy if coins go under 25k. now buy back takes 16 years.
I was actually thinking of going degenerate to the max, and Martingale my dip stacking. Ie: Instead of setting $250 limits. I'd go $250, $500, $1000, $2000, $4000, $8000 etc. Would end up stacking a coin real quick, but that would throw off the experiment. Also, this experiment requires making multiple buys per day, per dip-cycle. EDIT: Also, orders filled @ $35k, $34.5k and $34k while I was in my sleep-pod with Rick. EDIT2: Orders placed again @ $35k, $34.5k and $34k, all the way down to $31k EDIT3: (...a little while later...) Just added an order @ $35.5k for the triple-tap attempt and then done with that number for a while.
|
|
|
|
El duderino_
Legendary
Offline
Activity: 2506
Merit: 12092
BTC + Crossfit, living life.
|
|
January 17, 2021, 02:43:43 PM |
|
buying 0.007 BTC ($250) seems a bit strange...
I'm a gay dude sent here from Planet Anus, to make everyone on Planet Earth homosexual, ushering in the Age of Aquarius. How DARE YOU talk to me about strange. Mission will fail with trying to convert this Dude right here...
|
|
|
|
BobLawblaw
Legendary
Offline
Activity: 1826
Merit: 5551
Neighborhood Shenanigans Dispenser
|
Mission will fail with trying to convert this Dude right here... Yeah... About your girlfriend... We have the technology on Planet Anus, is all I'm saying. Wait until switcheroo-mode engage.
|
|
|
|
serveria.com
Legendary
Offline
Activity: 2240
Merit: 1172
Privacy Servers. Since 2009.
|
|
January 17, 2021, 03:11:55 PM |
|
Mission will fail with trying to convert this Dude right here... Yeah... About your girlfriend... We have the technology on Planet Anus, is all I'm saying. Wait until switcheroo-mode engage. Haha hilarious...
|
|
|
|
serveria.com
Legendary
Offline
Activity: 2240
Merit: 1172
Privacy Servers. Since 2009.
|
|
January 17, 2021, 03:28:27 PM |
|
So, today, I did some degenerate sat stacking. Feelin' pretty decent. Looks like I'm gonna get filled @ $35,000 soon, at this rate. Orders placed all the way down to $33k. 01/16/2021 XX:XX:XX BTCUSD Buy Limit $35,500.00 USD 0.00704225 BTC $250.00 USD Filled 01/16/2021 XX:XX:XX BTCUSD Buy Limit $36,000.00 USD 0.00694444 BTC $250.00 USD Filled 01/16/2021 XX:XX:XX BTCUSD Buy Limit $36,500.00 USD 0.00684931 BTC $250.00 USD Filled 01/15/2021 XX:XX:XX BTCUSD Buy Limit $35,500.00 USD 0.00704225 BTC $250.00 USD Filled 01/15/2021 XX:XX:XX BTCUSD Buy Limit $36,000.00 USD 0.00694444 BTC $250.00 USD Filled 01/15/2021 XX:XX:XX BTCUSD Buy Limit $36,500.00 USD 0.00684931 BTC $250.00 USD Filled
Lots of deja vu doing this stuff. Don't like hitting targets more than 3x Bob, it's good that you're stacking sats, actually I should be doing the same, it's just that I can't be bothered with the whole process of wiring the fiat and waiting for it to arrive at the exchange, etc., etc. I wonder though. With so many coins you have (in the big hundreds or more, I'm sure), what's the point of buying $250 worth of BTC? Is this just for fun/entertainment purposes? Because, even when Bitcoin goes 10x (and it will), your $250 (or $1250) will become $2500 ($12,500). Just peanuts compared to the coins you have.Not trying to criticize you or anything, just to get your point of view. Why not buy $100,000 (or more) worth of BTC straight away right now? I believe you must have that kind of fiat. That would be a move that would fit your stash and wealth level. $250 is just dust for you, isn't it? On the other hand, "every little helps", and maybe we should all be doing that, no matter how large or small the amount. In fact, your post is seriously tempting me to wire a few $$$$ to buy more corn... Sorry for getting a little personal, just being curious... You're underestimating Bawb... or not following closely enough. He's been DCAing for quite a time already and don't let these tiny $250 buys confuse you. For example $250 x10 is $2500 and according to your calculations above if (when) BTC goes 10x $2500 will be $25000 which is not quite peanuts anymore. I wasn't counting but I guess Bawb bought much more than $250 x10 this time. Yes, I see your point, but it's all relative. When his $250 x10 = $2500 becomes $25,000, his stash could be worth several hundred million dollars. What's $25,000 compared to that? In any case, I do believe we should convert any spare fiat we have to BTC, however small it may be. It's just that, when one has hundreds or thousands of BTC, buying 0.007 BTC ($250) seems a bit strange... If I had 1000 btc first off I would have sold 500 when it cracked 40 k. 500 x 40 k = 20 million. I would set aside 7 -8 million for taxes. leaving me 12-13 million. I need 1/2 for living my life. So I have 6-6.5 million to fuck with. buying back $250 at a time will take me 64 years at 1 buy a day. But I would have something to do for the rest of my life. And the key is I would increase to 500 if coins go under 30K. now buy back takes 32 years I would then increase again to 1000 a buy if coins go under 25k. now buy back takes 16 years. If you want to do DCA you need to prep correctly So you wouldn't have waited till November-December? Costly mistake, man... No I held 500 of the 1000 coins. Thus I must be 1/2 right. If I held all the coins I could be 100% wrong. At 40k making your self 1/2 right is the easiest decision in the world. The worst that happens is the coins go up. And my other 500 just become more valuable. Your method is a certain way to be unhappy as you always want more. Yeah I got your idea. But you really believe $44k is a blowoff top?
|
|
|
|
d_eddie
Legendary
Offline
Activity: 2492
Merit: 2940
|
|
January 17, 2021, 03:59:22 PM |
|
Storage in freezers spike proteins, mRNA January Sundays
#haiku
|
|
|
|
xhomerx10
Legendary
Offline
Activity: 3836
Merit: 8102
|
|
January 17, 2021, 04:30:05 PM |
|
if-then; if-then-else Are squandered speculations You can't sell Bob's coins.
|
|
|
|
Philipma1957cellphone
|
|
January 17, 2021, 04:37:10 PM |
|
So, today, I did some degenerate sat stacking. Feelin' pretty decent. Looks like I'm gonna get filled @ $35,000 soon, at this rate. Orders placed all the way down to $33k. 01/16/2021 XX:XX:XX BTCUSD Buy Limit $35,500.00 USD 0.00704225 BTC $250.00 USD Filled 01/16/2021 XX:XX:XX BTCUSD Buy Limit $36,000.00 USD 0.00694444 BTC $250.00 USD Filled 01/16/2021 XX:XX:XX BTCUSD Buy Limit $36,500.00 USD 0.00684931 BTC $250.00 USD Filled 01/15/2021 XX:XX:XX BTCUSD Buy Limit $35,500.00 USD 0.00704225 BTC $250.00 USD Filled 01/15/2021 XX:XX:XX BTCUSD Buy Limit $36,000.00 USD 0.00694444 BTC $250.00 USD Filled 01/15/2021 XX:XX:XX BTCUSD Buy Limit $36,500.00 USD 0.00684931 BTC $250.00 USD Filled
Lots of deja vu doing this stuff. Don't like hitting targets more than 3x Bob, it's good that you're stacking sats, actually I should be doing the same, it's just that I can't be bothered with the whole process of wiring the fiat and waiting for it to arrive at the exchange, etc., etc. I wonder though. With so many coins you have (in the big hundreds or more, I'm sure), what's the point of buying $250 worth of BTC? Is this just for fun/entertainment purposes? Because, even when Bitcoin goes 10x (and it will), your $250 (or $1250) will become $2500 ($12,500). Just peanuts compared to the coins you have.Not trying to criticize you or anything, just to get your point of view. Why not buy $100,000 (or more) worth of BTC straight away right now? I believe you must have that kind of fiat. That would be a move that would fit your stash and wealth level. $250 is just dust for you, isn't it? On the other hand, "every little helps", and maybe we should all be doing that, no matter how large or small the amount. In fact, your post is seriously tempting me to wire a few $$$$ to buy more corn... Sorry for getting a little personal, just being curious... You're underestimating Bawb... or not following closely enough. He's been DCAing for quite a time already and don't let these tiny $250 buys confuse you. For example $250 x10 is $2500 and according to your calculations above if (when) BTC goes 10x $2500 will be $25000 which is not quite peanuts anymore. I wasn't counting but I guess Bawb bought much more than $250 x10 this time. Yes, I see your point, but it's all relative. When his $250 x10 = $2500 becomes $25,000, his stash could be worth several hundred million dollars. What's $25,000 compared to that? In any case, I do believe we should convert any spare fiat we have to BTC, however small it may be. It's just that, when one has hundreds or thousands of BTC, buying 0.007 BTC ($250) seems a bit strange... If I had 1000 btc first off I would have sold 500 when it cracked 40 k. 500 x 40 k = 20 million. I would set aside 7 -8 million for taxes. leaving me 12-13 million. I need 1/2 for living my life. So I have 6-6.5 million to fuck with. buying back $250 at a time will take me 64 years at 1 buy a day. But I would have something to do for the rest of my life. And the key is I would increase to 500 if coins go under 30K. now buy back takes 32 years I would then increase again to 1000 a buy if coins go under 25k. now buy back takes 16 years. If you want to do DCA you need to prep correctly So you wouldn't have waited till November-December? Costly mistake, man... No I held 500 of the 1000 coins. Thus I must be 1/2 right. If I held all the coins I could be 100% wrong. At 40k making your self 1/2 right is the easiest decision in the world. The worst that happens is the coins go up. And my other 500 just become more valuable. Your method is a certain way to be unhappy as you always want more. Yeah I got your idea. But you really believe $44k is a blowoff top? No I think 70-80k but if I had the chance to cash 20 million and leave 20 million in play I would have done it. Back in the dot com boom I had two friends one had 40 mill in has stock account the other had 20 mill. Us 30 year t Bill's moved to 8% Told the two of them cash 1/2 put aside the tax money and buy the 30 year bonds. They did not. I did manage to convince a third one to cash 1.5 million out of his 4 million in stock and buy 1 million in t bills he gets 80 k a year for 7 more years.
|
|
|
|
d_eddie
Legendary
Offline
Activity: 2492
Merit: 2940
|
|
January 17, 2021, 04:51:56 PM |
|
A technical question. I must have broken my Tor installation somehow, because that network doesn't seem to be reachable by the bitcoin-core client anymore. The Tor browser itself works fine, though. Any suggestions? bitcoin-cli getnetworkinfo { "version": 210000, "subversion": "/Satoshi:0.21.0/", "protocolversion": 70016, "localservices": "0000000000000409", "localservicesnames": [ "NETWORK", "WITNESS", "NETWORK_LIMITED" ], "localrelay": true, "timeoffset": 0, "networkactive": true, "connections": 20, "connections_in": 10, "connections_out": 10, "networks": [ { "name": "ipv4", "limited": false, "reachable": true, "proxy": "", "proxy_randomize_credentials": false }, { "name": "ipv6", "limited": false, "reachable": true, "proxy": "", "proxy_randomize_credentials": false }, { "name": "onion", "limited": true, "reachable": false, "proxy": "", "proxy_randomize_credentials": false } ], "relayfee": 0.00001000, "incrementalfee": 0.00001000, "localaddresses": [ ], "warnings": "" }
|
|
|
|
jojo69
Legendary
Offline
Activity: 3164
Merit: 4345
diamond-handed zealot
|
|
|
|
|
d_eddie
Legendary
Offline
Activity: 2492
Merit: 2940
|
|
January 17, 2021, 05:01:35 PM |
|
Yet, the tendency is for keyboards and mice to be USB only. Of course - they are scared by Chads.
|
|
|
|
Biodom
Legendary
Offline
Activity: 3752
Merit: 3869
|
|
January 17, 2021, 05:17:47 PM |
|
No I held 500 of the 1000 coins. Thus I must be 1/2 right.
If I held all the coins I could be 100% wrong.
At 40k making your self 1/2 right is the easiest decision in the world.
The worst that happens is the coins go up. And my other 500 just become more valuable.
Your method is a certain way to be unhappy as you always want more.
Yeah I got your idea. But you really believe $44k is a blowoff top? No I think 70-80k but if I had the chance to cash 20 million and leave 20 million in play I would have done it. Back in the dot com boom I had two friends one had 40 mill in has stock account the other had 20 mill. Us 30 year t Bill's moved to 8% Told the two of them cash 1/2 put aside the tax money and buy the 30 year bonds. They did not. I did manage to convince a third one to cash 1.5 million out of his 4 million in stock and buy 1 million in t bills he gets 80 k a year for 7 more years. Sorry, I removed part of the thread for easier quotation. Selling 20mil (in the example) would result in an enormous tax bill, which essentially defeats the purpose, IMHO. I am waiting for a situation where you can reliably get either interest on btc instead or get cash loans in lieu of btc. Once the field moves to include large institutional players for custody and loans (like Fidelity, etc)-that's a better idea...plus maybe selling all forks this Fall-Winter. Basically...you don't have to sell. I keep saying this, but nobody seems to listen. EDIT: I wonder when we will have 8% (on the way to above 15%) interest rates on 30-year again. Maybe in 5-10 years, unless CPI will start going up truly crazily.
|
|
|
|
tertius993
|
|
January 17, 2021, 05:32:45 PM |
|
Sorry, I removed part of the thread for easier quotation.
Selling 20mil (in the example) would result in an enormous tax bill, which essentially defeats the purpose, IMHO. I am waiting for a situation where you can reliably get either interest on btc instead or get cash loans in lieu of btc. Once the field moves to include large institutional players for custody and loans (like Fidelity, etc)-that's a better idea...plus maybe selling all forks this Fall-Winter. Basically...you don't have to sell. I keep saying this, but nobody seems to listen.
EDIT: I wonder when we will have 8% (on the way to above 15%) interest rates on 30-year again. Maybe in 5-10 years, unless CPI will start going up truly crazily.
Just the bit in bold .. depends totally on your personal situation, you cannot generalise like that. How long are you prepared to wait for that situation to come to pass? Til you are 60 ... ? ... what if you are 60 today ... 65 ... 70? There are any number of situations where it might be appropriate to cash in some and use it for, well whatever ...
|
|
|
|
Biodom
Legendary
Offline
Activity: 3752
Merit: 3869
|
|
January 17, 2021, 05:41:22 PM Last edit: January 17, 2021, 06:15:31 PM by Biodom Merited by 600watt (2), d_eddie (1) |
|
Sorry, I removed part of the thread for easier quotation.
Selling 20mil (in the example) would result in an enormous tax bill, which essentially defeats the purpose, IMHO. I am waiting for a situation where you can reliably get either interest on btc instead or get cash loans in lieu of btc. Once the field moves to include large institutional players for custody and loans (like Fidelity, etc)-that's a better idea...plus maybe selling all forks this Fall-Winter. Basically...you don't have to sell. I keep saying this, but nobody seems to listen.
EDIT: I wonder when we will have 8% (on the way to above 15%) interest rates on 30-year again. Maybe in 5-10 years, unless CPI will start going up truly crazily.
Just the bit in bold .. depends totally on your personal situation, you cannot generalise like that. How long are you prepared to wait for that situation to come to pass? Til you are 60 ... ? ... what if you are 60 today ... 65 ... 70? There are any number of situations where it might be appropriate to cash in some and use it for, well whatever ... the point is not that you have to wait to sell until certain age...the point is that there are other methods (used by wealthy), apart from selling to get needed cash. You don't f-ing sell the best asset of the millenium...or at least, you shouldn't. This was not my original position, but I learned along the way. Let's go deep and name names...Bob sold a chunk at 16K. Bob still has plenty (enough for many people, in all likelihood), but now is chasing it back because he misses it, obviously... I was in the same situation once or twice before, did not bother to chase as it is close to impossible. A few ways he could have handled it differently: 1. keep selling out of the money calls on ledgerX until he is either exercised (at a much higher price) or NOT exercised and keep the generated cash. 2. try to arrange a cash loan with Fidelity digital or Goldman. This is either there or will be shortly. Say, keep borrowing at 10% loan-to-value (maintaining this ratio). 10% LTV satisfies @JJG criteria of acknowledging 200wk average (which we NEVER broke), currently at around $8180 or so. 3. Give btc to either blockfi or Celsius, collect interest. Granted, this is risky and blockfi interest is relatively small. Still, you can spend what you "earn" there. some combination of the above 3 is doable without even mentioning any other obvious "exotic" approaches that we typically do not discuss here, but we should as long as it relates to how to NOT spend your bitcoin while getting cash off of it.
|
|
|
|
True Myth
|
|
January 17, 2021, 05:43:47 PM |
|
Happy Sunday fellow WOs. Small dip below the mid line in the main channel followed by a quick push back up into the upper part (probably due to Bob's degenerate dip buys). Slow and steady or break out of the main channel and Falcon 9 to $100k?
|
|
|
|
serveria.com
Legendary
Offline
Activity: 2240
Merit: 1172
Privacy Servers. Since 2009.
|
|
January 17, 2021, 05:52:15 PM |
|
No I held 500 of the 1000 coins. Thus I must be 1/2 right.
If I held all the coins I could be 100% wrong.
At 40k making your self 1/2 right is the easiest decision in the world.
The worst that happens is the coins go up. And my other 500 just become more valuable.
Your method is a certain way to be unhappy as you always want more.
Yeah I got your idea. But you really believe $44k is a blowoff top? No I think 70-80k but if I had the chance to cash 20 million and leave 20 million in play I would have done it. Back in the dot com boom I had two friends one had 40 mill in has stock account the other had 20 mill. Us 30 year t Bill's moved to 8% Told the two of them cash 1/2 put aside the tax money and buy the 30 year bonds. They did not. I did manage to convince a third one to cash 1.5 million out of his 4 million in stock and buy 1 million in t bills he gets 80 k a year for 7 more years. Sorry, I removed part of the thread for easier quotation. Selling 20mil (in the example) would result in an enormous tax bill, which essentially defeats the purpose, IMHO. I am waiting for a situation where you can reliably get either interest on btc instead or get cash loans in lieu of btc. Once the field moves to include large institutional players for custody and loans (like Fidelity, etc)-that's a better idea...plus maybe selling all forks this Fall-Winter. Basically...you don't have to sell. I keep saying this, but nobody seems to listen. EDIT: I wonder when we will have 8% (on the way to above 15%) interest rates on 30-year again. Maybe in 5-10 years, unless CPI will start going up truly crazily. I totally agree. There could be exceptions though. If you're not very well off but hodling big q-ties of BTC for a long time. But yes, I agree that it's shouldn't be 50% of your stash. That's too much.
|
|
|
|
|