Richy_T
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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March 14, 2021, 01:08:37 AM |
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Somebody said "laser eyes". ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FpxNjXuI.gif&t=665&c=Q-c95ruIzZJrtQ) I like it.
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proudhon
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But they can never say that they weren’t warned to cash out into real money while they still can. People don't like to hear it around here, but fiat currency is the safest, best currency in the history of human science. Economists and myself have proven this by pure mathematics techniques. I'm grateful I cashed out long ago and have sound money safely stored in good stock investments and secure fiat cash in a safe modern bank account earning low, but safe yields for my future. Bitcoin is a failed technology and a dangerous house of cards confirmed on its way to zero.
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BitcoinBunny
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Far, Far, Far Right Thug
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March 14, 2021, 01:27:59 AM |
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But they can never say that they weren’t warned to cash out into real money while they still can. People don't like to hear it around here, but fiat currency is the safest, best currency in the history of human science. Economists and myself have proven this by pure mathematics techniques. I'm grateful I cashed out long ago and have sound money safely stored in good stock investments and secure fiat cash in a safe modern bank account earning low, but safe yields for my future. Bitcoin is a failed technology and a dangerous house of cards confirmed on its way to zero. 10BTC and this is yours, unless of course you are full of shit. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fk7F7QFc.jpg&t=665&c=zJHY-ZZGEyZRDQ)
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sirazimuth
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born once atheist
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March 14, 2021, 01:39:29 AM |
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Is there anything better than waking up in the morning, going to the toilet to take a good shit, switch on the smartphone and watch that green candle grow to break an old ATH in real time?! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) .... At my age I'm grateful to simply shit without difficulty in the morning. Nevermind also playing with my fondle slab in the process. Speaking of taking a shit....Who came up with that "taking a shit" term anyway? It seems to have quite the opposite meaning. To be clear... When one visits the lavatory to do one's business, one does not "take" a shit(or piss) .... rather, one deposits (or sprays) #one. (or #2 as the case maybe) Even the UK term "having" a shit still doesn't quite cut it either. Technically speaking "having" a shit means you did indeed "take" a shit at some point in the past. Indeed... I've had a few, which is why I digress.... GO BITCOIN ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FUHGxqzf.png&t=665&c=DUMdv3ThXLix2A)
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somac.
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Never selling
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March 14, 2021, 01:53:48 AM Merited by sirazimuth (1) |
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Is there anything better than waking up in the morning, going to the toilet to take a good shit, switch on the smartphone and watch that green candle grow to break an old ATH in real time?! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) .... At my age I'm grateful to simply shit without difficulty in the morning. Nevermind also playing with my fondle slab in the process. Speaking of taking a shit....Who came up with that "taking a shit" term anyway? It seems to have quite the opposite meaning. To be clear... When one visits the lavatory to do one's business, one does not "take" a shit(or piss) .... rather, one deposits (or sprays) #one. (or #2 as the case maybe) Even the UK term "having" a shit still doesn't quite cut it either. Technically speaking "having" a shit means you did indeed "take" a shit at some point in the past. Indeed... I've had a few, which is why I digress.... GO BITCOIN Whatever it is, just make sure you wash your hands.
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sirazimuth
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March 14, 2021, 02:09:09 AM Last edit: March 14, 2021, 02:21:03 AM by sirazimuth |
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Next bitcoin price milestone... age*1000....
That's gonna fall shortly for me, albeit, for most Wo Bros, that was long since broken months* ago. ....Except Jimbo.. and that will fall shortly too, no doubt, right after mine. (*or years ago in "crypto time"...and please don't bat-slap me jay, I couldn't come up with a better term....)
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Elwar
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Viva Ut Vivas
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Don't mind prodhon. He's an old school troll that was on here early enough that he likely threw in 1000 bucks when the price was $1/BTC on a drunken binge or just for the lols.
After being super rich he realised that being rich is not fun if you have no friends. Craving any human contact after being away for years he fired up his wall sized computer screen with direct neural interface to connect to bitcointalk to troll once again. To make up for how lonely his castle feels when there's nobody there but you.
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Biodom
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March 14, 2021, 02:21:57 AM Last edit: March 14, 2021, 04:32:49 AM by Biodom |
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Gurl, YOU are the one who is bearish-always selling when btc goes up and accumulating useless fiat,
That's bearish? Biodom, it's not the first time you use the word 'bearish' to define JJG's ladder system. Why would you characterize it so? It seems to me that such a system only works if the underlying asset goes up. It could even be argued that mere use of this ladder implies fundamentally bullish beliefs (number go up). Otherwise, there would be no need for "suicidal buys" on the way down to zero. Care to explain? while I mentioned that i would not sell bitcoin (probably ever).
I think I see what you mean here. There are other, possibly more sophisticated ways to put the corn to work - for example, arbitrages or option plays - which however often imply ultimate movements that are essentially sales, or very akin to sales - but I digress. How, if even, does this imply that the more intuitive system is "less bullish" or even "bearish"? I just do not want to criticize too much, to each their own. Bearish in a sense that JJG personal goal seems to be fiat accumulation, so he/she is bullish on fiat, bearish on bitcoin (as a final destination). I prefer the opposite, slowly selling my fiat in lieu of btc. Not 100% as Raoul Pal did, but close enough. Since I am still drawing fiat salary and don't spend too much, cash flow is not a problem. Real assets (farm land, properties, timber) to me seem the only use for selling btc, but even then, such sells are probably not needed anymore as soon (maybe already) you would be able to borrow against btc stack, which M. Saylor keeps bringing up, but not many on WO are listening. Such loans are typically used by high net worth individuals (HNWI) against VTI, VOO, SPY, and other whole or broad market ETFs. That does not include additional strategies that you mentioned (selling covered options). Any illusions about lasting fiat value should have evaporated last spring with 25% increase in money supply in one year-again Saylor is very eloquent about it. As far as tactics, yes, he/she thinks that this is a bullish posture (to sell while asset goes up and buy when asset is going down), but it is an erroneous approach, in the final analysis. This does not work in a vast majority of cases, believe me, I tried (not in bitcoin) and have scars to show for it. Only an extraordinary btc mechanics allows for this approach to have some chance. Additionally, casual pressing "I am rich as fuck"-to me this sounds somewhat cringe-worthy, maybe only if you are a Mansa Musa reincarnation, and even then, but I digress, maybe I am too old school for the TikTok/Instagram/Snapchat age. Besides, on some subreddits such claim would require mod validation. Not here, though, which does not add credibility.
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sirazimuth
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born once atheist
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March 14, 2021, 02:35:16 AM |
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..... Posting this here so someone might get a proper Laugh out of it ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) You need lessons on how to be tastefully/timely off topic.
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cAPSLOCK
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Whimsical Pants
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March 14, 2021, 03:28:50 AM |
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I quite appreciated the four bumply girls. None of which holds a candle to my wife... she's amazing, in that regard.. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) That's how we know your wife reads the WO too. ![Lips sealed](https://bitcointalk.org/Smileys/default/lipsrsealed.gif) Actually that's how you know she DOESN'T ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Not if I ever want to see it again.
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cAPSLOCK
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Whimsical Pants
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March 14, 2021, 03:31:18 AM |
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But they can never say that they weren’t warned to cash out into real money while they still can. People don't like to hear it around here, but fiat currency is the safest, best currency in the history of human science. Economists and myself have proven this by pure mathematics techniques. I'm grateful I cashed out long ago and have sound money safely stored in good stock investments and secure fiat cash in a safe modern bank account earning low, but safe yields for my future. Bitcoin is a failed technology and a dangerous house of cards confirmed on its way to zero. You are right as usual. I have seen bitcoin add quite a few zeros... I think we should see a couple more before it's over.
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Biodom
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March 14, 2021, 03:41:28 AM |
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But they can never say that they weren’t warned to cash out into real money while they still can. People don't like to hear it around here, but fiat currency is the safest, best currency in the history of human science. Economists and myself have proven this by pure mathematics techniques. I'm grateful I cashed out long ago and have sound money safely stored in good stock investments and secure fiat cash in a safe modern bank account earning low, but safe yields for my future. Bitcoin is a failed technology and a dangerous house of cards confirmed on its way to zero. You are right as usual. I have seen bitcoin add quite a few zeros... I think we should see a couple more before it's over. I can add a couple of zeroes to the number, but then the number becomes simply unfathomable. not just Satoshi, but relatively late converts like Winkelvoss twins become the richest on the planet, MSTR has a market cap equal to TSLA or FB; Proudhon's mound reaches to the near earth orbit, etc, etc.
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sirazimuth
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March 14, 2021, 03:54:53 AM |
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But they can never say that they weren’t warned to cash out into real money while they still can. People don't like to hear it around here, but fiat currency is the safest, best currency in the history of human science. Economists and myself have proven this by pure mathematics techniques. I'm grateful I cashed out long ago and have sound money safely stored in good stock investments and secure fiat cash in a safe modern bank account earning low, but safe yields for my future. Bitcoin is a failed technology and a dangerous house of cards confirmed on its way to zero. 100K incoming....
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d_eddie
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March 14, 2021, 04:00:06 AM |
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-multisnips-Biodom, it's not the first time you use the word 'bearish' to define JJG's ladder system. Why would you characterize it so?
I just do not want to criticize too much, to each their own. you would be able to borrow against btc stack, which M. Saylor keeps bringing up, but not many on WO are listening. Such loans are typically used by high net worth individuals (HNWI) against VTI, VOO, SPY, and other whole or broad market ETFs. Thank you. You got me thinking, especially about the loan thingy. I'd be glad to know more about that. Any pointers will be welcome.
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Biodom
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March 14, 2021, 04:26:58 AM Last edit: March 14, 2021, 04:49:10 AM by Biodom Merited by vapourminer (1), Elwar (1) |
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-multisnips-Biodom, it's not the first time you use the word 'bearish' to define JJG's ladder system. Why would you characterize it so?
I just do not want to criticize too much, to each their own. you would be able to borrow against btc stack, which M. Saylor keeps bringing up, but not many on WO are listening. Such loans are typically used by high net worth individuals (HNWI) against VTI, VOO, SPY, and other whole or broad market ETFs. Thank you. You got me thinking, especially about the loan thingy. I'd be glad to know more about that. Any pointers will be welcome. Fidelity: https://www.investopedia.com/fidelity-will-accept-bitcoin-collateral-for-cash-loans-5091879Basic rate is high, 4.5%, but i am sure this will go down. I would be shocked if Coinbase would not do the same soon after the IPO. Personally, i would never go above 20% LTV, maybe just 10% (in case of our typical 80% drawdown). The advantage-NO cap gains tax. In fact, maybe deductible interest (or not, hard to say) Borrowing Against securities (better rates right now): https://www.schwab.com/pledged-asset-lineLibor is 0.11%, so the best rate is 1.86%. Say, you've got, hypothetically, $10 mil of VOO. You borrow $ 3mil. Your interest (to pay) is 3000000X0.0186=$55800 yearly However, $10mil in VOO generates $152000 yearly in dividends. End result-you borrowed $3 mil to do whatever, it effectively cost you nothing (well, a decreased divvy). Yes, you would have to pay the principal at some point, but you can use divvy remainder to do that plus VOO goes up roughly 10% a year, so the loan basically pays for itself (if stock market performs). That's why rich can have a cake and eat it too, lol More: https://www.wellsfargoadvisors.com/why-wells-fargo/products-services/lending/securities-based.htmYes, best rates are for those with lots of assets. Ret accounts are NOT eligible, though. Mind you, I have done nothing of the sorts so far, but I am studying the question (after Saylor's remarks).
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shahzadafzal
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March 14, 2021, 04:40:45 AM |
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Sold a tiny piece just to say I sold some over 60k ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) acquired a tiny piece just to say I bought some over $61k Am I the only one after Microstrategy? Did I disrupt the price?0.005219 @ $61307.90
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somac.
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Never selling
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March 14, 2021, 05:26:02 AM |
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-multisnips-Biodom, it's not the first time you use the word 'bearish' to define JJG's ladder system. Why would you characterize it so?
I just do not want to criticize too much, to each their own. you would be able to borrow against btc stack, which M. Saylor keeps bringing up, but not many on WO are listening. Such loans are typically used by high net worth individuals (HNWI) against VTI, VOO, SPY, and other whole or broad market ETFs. Thank you. You got me thinking, especially about the loan thingy. I'd be glad to know more about that. Any pointers will be welcome. Fidelity: https://www.investopedia.com/fidelity-will-accept-bitcoin-collateral-for-cash-loans-5091879Basic rate is high, 4.5%, but i am sure this will go down. I would be shocked if Coinbase would not do the same soon after the IPO. Personally, i would never go above 20% LTV, maybe just 10% (in case of our typical 80% drawdown). The advantage-NO cap gains tax. In fact, maybe deductible interest (or not, hard to say) Borrowing Against securities (better rates right now): https://www.schwab.com/pledged-asset-lineLibor is 0.11%, so the best rate is 1.86%. Say, you've got, hypothetically, $10 mil of VOO. You borrow $ 3mil. Your interest (to pay) is 3000000X0.0186=$55800 yearly However, $10mil in VOO generates $152000 yearly in dividends. End result-you borrowed $3 mil to do whatever, it effectively cost you nothing (well, a decreased divvy). Yes, you would have to pay the principal at some point, but you can use divvy remainder to do that plus VOO goes up roughly 10% a year, so the loan basically pays for itself (if stock market performs). That's why rich can have a cake and eat it too, lol More: https://www.wellsfargoadvisors.com/why-wells-fargo/products-services/lending/securities-based.htmYes, best rates are for those with lots of assets. Ret accounts are NOT eligible, though. Mind you, I have done nothing of the sorts so far, but I am studying the question (after Saylor's remarks). This is exactly the kind of stuff I'm currently thinking through. Selling is the last thing I want to do now (still considering offloading a couple for a home though, wife would like the security, I might cave). Imagine this scenario for a moment, you get a loan of 4.5% on some of your BTC, you take that cash buy BTC on spot and sell some 6 monthly futures contracts on those BTC for an annualised gain of >20%. That's 15% profit right there, to be used as cashflow, without selling any BTC. Honestly, why bother selling any BTC (except maybe home or emergency) while we now have the ability to to do this kind of stuff. Also, can you post the link for the Saylor vid?
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Hhampuz
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Meh.
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March 14, 2021, 05:33:48 AM |
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market moving so slowly and boring now, when $70k WO?
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Hueristic
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Doomed to see the future and unable to prevent it
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March 14, 2021, 05:35:59 AM |
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market moving so slowly and boring now, when $70k WO?
Right after 80k and just before 100k. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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