BTCaesar
Member
Offline
Activity: 108
Merit: 23
|
|
February 24, 2021, 01:16:51 PM |
|
Today is a big day for me. Thanks to BTC, and partially to you all here, I am debt-free today. I quit my job, and I paid off ten years of debt, now I own my house and a few acres in the clear. My wife and I live fairly simply. Old paid-for cars (that I can fix), no cable TeeVee. A large garden and a small shooting range in the back yard.
I quit smoking cigarettes, and DCA that amount into BTC. Doing this payoff burned a big chunk of the corn, but it is a better thing to do for myself, now. We won't be wealthy, but this is the American dream for me. YMMV.
Congratulations 🎉🍾 !
|
|
|
|
|
bitcoinPsycho
Legendary
Offline
Activity: 2534
Merit: 2209
$120000 in 2024 Confirmed
|
|
February 24, 2021, 01:19:02 PM |
|
Much wow, very hats. Envious. A fine collection of hats indeed
|
|
|
|
savetherainforest
|
|
February 24, 2021, 01:23:25 PM Last edit: February 24, 2021, 01:39:59 PM by savetherainforest |
|
These idiots, including with that dumb f^ck Elon Pusk. [...] dump BTCiTcoin [...] .
And I'm not hating or something, the idiot is actually pumping my doge now so I can sell/dump some more. The problem I have with all this nonsense is that we run away from control to another system that they try to control. Then we run to our other system... and to the next. Till we erode and diminish their power slowly. The problem I have with him buying Doge with cash is that he is selling it on the BTC vs Doge side and gets a profit in Bitcoin and creates a Bitcoin shortage trough a sh1tcoin. edit*(): ^ I know this because I'm doing the same sh!t and I see a huge dumping volume exactly at the peak of the pump. Its just sh!ty and wrong. Taking advantage in such way of the people. edit*(2): I would flatten the sh!t out of that BTC < vs > Doge price, so the idiot can't buy the spread from his artificial pumps in fiat. I wouldn't move the price more then 1%, just so he can suck it. edit*(3): YOU IDIOTS SELLING IN THE BTC < vs > Doge market, ELON IS TAKING AWAY YOUR COINS IN AN ARTIFICIALLY MANIPULATED WAY !!! WAKE UP!!! STOP FOLLOWING THE USD PUMPS!!! edit*(4): CANCEL ELON! edit*(5): I think they are doing this for other sh!tcoins. Pumping and dumping. I mean, people should stop leaving their BTC in stupid longs. They should just buy when billionaires are not around to not give them their coins.
|
|
|
|
vapourminer
Legendary
Offline
Activity: 4382
Merit: 3703
what is this "brake pedal" you speak of?
|
|
February 24, 2021, 01:36:29 PM |
|
In the US, any financial advisor will typically be a finra registered person, and ive never met one who was free to hold or recommend to another an unregistered security ie bitcoin.
they have not recommended it to anyone afaik (not like i asked though). their clients are asking them. they knew i had some and advised me to sell at least a very good sized chunk when i 1st went with them. which is what i expect from them, from their standpoint it was truly too high a risk back then. so they did their job advice wise. i use them for low risk traditional stuff. i always joked with them that i had the high risk investment side covered via btc.
|
|
|
|
BitcoinBunny
Legendary
Offline
Activity: 1512
Merit: 2573
|
|
February 24, 2021, 01:39:19 PM |
|
Only 994 BTC left to 500K. In a few months Elon will tweet again "In retrospect, it was inevitable". Can someone explain how this works? We have someone stating above that there are less than 1000 BTC to go for 500K per coin and another that Michael Saylor bought another 20,000 BTC at 52K yet the price dipped a bit.
|
|
|
|
savetherainforest
|
Can someone explain how this works? We have someone stating above that there are less than 1000 BTC to go for 500K per coin and another that Michael Saylor bought another 20,000 BTC at 52K yet the price dipped a bit. They buy into sh!tcoins with USD, then they dump sh!tcoins for BTC, then dump BTC for USD for the dip and profit. Also they can declare to the IRS a loss on their bitcoin if they dip. Also they might probably buy bitcoin at a later date when they pass over the date that they need to declare paperwork sh!t.
|
|
|
|
BitcoinBunny
Legendary
Offline
Activity: 1512
Merit: 2573
|
|
February 24, 2021, 01:42:37 PM |
|
Can someone explain how this works? We have someone stating above that there are less than 1000 BTC to go for 500K per coin and another that Michael Saylor bought another 20,000 BTC at 52K yet the price dipped a bit. They buy into sh!tcoins with USD, then they dump sh!tcoins for BTC, then dump BTC for USD for the dip and profit. Also they can declare to the IRS a loss on their bitcoin if they dip. Also they might probably buy bitcoin at a later date when they pass over the date that they need to declare paperwork sh!t. Thanks
|
|
|
|
Dabs
Legendary
Offline
Activity: 3416
Merit: 1912
The Concierge of Crypto
|
|
February 24, 2021, 01:42:58 PM |
|
Good Morning BTCLand, Currently on 49800k. We retake the 50k this night and went up around to 51500k. Now we have a little decline for 3.5h. Let'S see what the day bring and hopefully my fellow europeans will buy the shit out of our corn Btw finally started to listen to "The Bitcorn Standard"... I was bullish ... and I am even more bullish ... So have a nice day. Listening? Not reading it? There is a podcast, The Bitcoin Standard Podcast, with Saifedeen as the host. https://saifedean.com/podcast/35 is about someone in North Korea 34 is the latest with Michael Saylor, 33 is about stock to flow. The website is clunky, but it's available on Spotify if you have access to that.
|
|
|
|
Gyrsur
Legendary
Offline
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
|
|
February 24, 2021, 01:45:00 PM Last edit: February 24, 2021, 02:01:23 PM by Gyrsur |
|
Can someone explain how this works? We have someone stating above that there are less than 1000 BTC to go for 500K per coin and another that Michael Saylor bought another 20,000 BTC at 52K yet the price dipped a bit. They buy into sh!tcoins with USD, then they dump sh!tcoins for BTC, then dump BTC for USD for the dip and profit. Also they can declare to the IRS a loss on their bitcoin if they dip. Also they might probably buy bitcoin at a later date when they pass over the date that they need to declare paperwork sh!t. second option is OTC. even some exchanges have OTC trading for large investors. I could imagine Miners will sell freshly minted coins for a premium to this exchanges for the OTC trading. so the investors are save for any future development. third options is buy any dip you can get like Bob demonstrated some time. split the amount you plan to buy via an Algo in many small Limit buy orders designed by a stair formation and wait for the market to crash like on Sunday/Monday. then just wait until you run out of FIAT. EDIT: so this means we can expect after every crash in the next time some of the big boys will come out of their caves and will announce they just bought to make sure the plebs hear it and buy more so the big boys do not run out of FIAT for their next attack. you choose on which side you will stay.
|
|
|
|
Biodom
Legendary
Offline
Activity: 3808
Merit: 4059
|
|
February 24, 2021, 01:52:45 PM |
|
Calling him dangerously insane because he argues for synthetic beef isn't a great starter. Producing beef is incredibly wasteful, not to mention you have to butcher an animal.
I'm a proud carnivore, yet I would gladly switch to synthetic meat when it is similar in taste and cost. There's simply no reason not to. Agreed. I see no extra value in the death and suffering of an animal, and would appreciate synth meat if it tasted like the real thing. I have zero issue eating correctly replicated meats. Same here. I am fine with it, if the meat doesn't grow on a living thing like a cow or a pig as long as it tasts the same. Why not. yeah, but would it be a 5% or 27% fat "meat". If 27%, count me out , unless it is wagu. Kidding aside, I doubt that we will get there on cost, but it allows for exotic meats, of course. Secondly, few years later people would not remember how "real" meat tastes. Perhaps, real meat would become a luxury item.
|
|
|
|
d_eddie
Legendary
Offline
Activity: 2548
Merit: 3175
|
|
February 24, 2021, 01:55:50 PM Merited by fillippone (1) |
|
Gratz fillippone!! You had to wait quite a bit. Activity is a bitch
|
|
|
|
Gyrsur
Legendary
Offline
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
|
|
February 24, 2021, 02:05:01 PM |
|
Legendary is like Laser Eyes the opposite of SUTR which NOT must mean HFSP.
|
|
|
|
uninterestedparty33
Newbie
Offline
Activity: 16
Merit: 2
|
|
February 24, 2021, 02:11:46 PM |
|
Well, as I said it's best to have fiat (shitcoin) for this one. Which is why I won't do it. But, basically you buy however many BTC on the spot for current price of 55000. At the exact same time you sell a future, perhaps Sep 26th for this example, for the same number of BTC at a current price of 62700. profit equals 7,700 minus fees per coin
This can be done using CBOE and CME as well as many others, perhaps less reputable exchanges.
The risk for this trade is couter-party only and of course opportunity cost (there is no possiblity of capital gains or losses). Not your keys not your coins. Thing is it's all about levels of risk and what you are comfortable with in the end as well as your goals. Just remember nothing is risk free. Even holding your own keys is not risk free, there are roughly 4million inaccessible coins to prove that.
*Above prices are taken from Deribit.
How does this work exactly? I would love a bit more ELI5. I posted a link earlier, here it is again. https://blog.bitmex.com/how-to-arbitrage-bitcoin-futures-vs-spot/The WO sometimes must be combed thoroughly, but it usually does deliver good info - be it bitcoin or digital cameras. Or you're just halftrolling and... username checks out? Not trolling. What does WO stand for?
|
|
|
|
Totscha
|
|
February 24, 2021, 02:13:10 PM |
|
Well, as I said it's best to have fiat (shitcoin) for this one. Which is why I won't do it. But, basically you buy however many BTC on the spot for current price of 55000. At the exact same time you sell a future, perhaps Sep 26th for this example, for the same number of BTC at a current price of 62700. profit equals 7,700 minus fees per coin
This can be done using CBOE and CME as well as many others, perhaps less reputable exchanges.
The risk for this trade is couter-party only and of course opportunity cost (there is no possiblity of capital gains or losses). Not your keys not your coins. Thing is it's all about levels of risk and what you are comfortable with in the end as well as your goals. Just remember nothing is risk free. Even holding your own keys is not risk free, there are roughly 4million inaccessible coins to prove that.
*Above prices are taken from Deribit.
How does this work exactly? I would love a bit more ELI5. I posted a link earlier, here it is again. https://blog.bitmex.com/how-to-arbitrage-bitcoin-futures-vs-spot/The WO sometimes must be combed thoroughly, but it usually does deliver good info - be it bitcoin or digital cameras. Or you're just halftrolling and... username checks out? Not trolling. What does WO stand for? This thread. Wall Observer...
|
|
|
|
lightfoot
Legendary
Offline
Activity: 3122
Merit: 2242
I fix broken miners. And make holes in teeth :-)
|
If it makes your life complete and comfortable and like how its pleases you then you achieved something that I think 90% or more will never achieve.... Many are maybe wealthy and saying I do X when X happens and so on ... but when it finally happens is greed having the best of them and they want more, many can never be happy cause they always wants more, I have decided for my self what I want how I wanna live and so on and so on... when I meet my goals I will not back down to much and make sure I do what I want, I already know I'm not gonna be the wealthiest man alive or whatever and I know that more and more wealth shouldn't be the goal.... Figuring out what one wants is maybe the most when one is gaining more wealth as he ever had thought before, goals are changing life opportunities are changing and so on, but important is to have some and when its there to appreciate them That with some corn stash on the side You know, this forum is surprisingly good for thoughts on how to handle a fuckton of new wealth. Without it I'd probably be rolling around naked in a room full of $100 bills or something..... Not that the above is a bad thing, but it would require me to cash in the coins and that would be a bad idea. Better idea is to think about what makes you happy, what you may have always wanted, and not to let what you want grow into some weird next level of a "boat for my boat!" sort of thing. Interesting stuff.
|
|
|
|
Swordsoffreedom
Legendary
Offline
Activity: 2814
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
|
|
February 24, 2021, 02:41:21 PM |
|
Average Price is $23,985. How much profit they are counting now!!
|
|
|
|
xhomerx10
Legendary
Offline
Activity: 3892
Merit: 8326
|
|
February 24, 2021, 02:49:12 PM |
|
Average Price is $23,985. How much profit they are counting now!! There's no profit unless you sell and Saylor ain't sellin'. He understands.
|
|
|
|
Gyrsur
Legendary
Offline
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
|
|
February 24, 2021, 02:51:27 PM |
|
Average Price is $23,985. How much profit they are counting now!! easy math. roughly 100% profit on paper.
|
|
|
|
Swordsoffreedom
Legendary
Offline
Activity: 2814
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
|
|
February 24, 2021, 02:55:35 PM |
|
Average Price is $23,985. How much profit they are counting now!! There's no profit unless you sell and Saylor ain't sellin'. He understands. Some of us are selling and Saylor is buying... So someone who uses a minimum of 1% of his sense will never sell anymore.
|
|
|
|
|