Delusions of Grandeur
You mean me don't you?
I do not know why But i feel so much pity for People Who only learned about money in their life and just revolve their life about money.
Get a fucking grip, you diptwat.
If you are participating in a thread that is about bitcoin, then the fucking topic is about money and value and various kinds of topics that are related, so if you come to the thread and you proclaim that too many people are obsessed with money in this thread, then you are surely not being genuine.
Another thing is that participants in this thread come from a lot of differing angles in terms of their perceptions but also in terms of how much value they might be starting with.
Folks who come to the thread, and seek handouts do not really have much if anything to contribute except for stating their wishes to improve their position, but don't even seem inclined to make one fucking effort in the direction of improving their lot.
There are many times that we have both shown historical levels of small contributions that have gone a long way, but also mentioned that if you are not starting with hardly shit, not even a dollar per day, then you just do what you can.. maybe you save for the month, and you are able to put together $30.. which would still be $1 per day, but it took you the whole month to save it up. Of course, we might discuss a bit higher amounts of investment because the majority of normies can afford more than $1 per day and it would likely pay off quite a bit more to attempt to be a wee bit more aggressive, if the ability to be aggressive is there. Yet, in any event each person can ONLY do as much as s/he can in terms of figuring out how to much to be able to invest into bitcoin on a fairly regular basis, if possible.
No intuition to inventions, Just : how am I going to rob the next person blindly. Thats all they learned..
Just like the person Who only learned that 1+1=2 and there is no other way 😂
You are just making up shit.. that's called a strawman argument. You make up some bullshit and easy argument of the supposed position of others in order that you can easily knock it down.. Not a genuine way of attempting to have a conversation.
Look at the post below quote by Farmer Bill, the JJG Post and look at JJG posting history. He is talking about the same thing over and over and over again with Words swithched up. Like a Politician would do..
And no I dont want a troll like JJG to know anything. He deserves to know nothing 🙂he deserves to be kept in the Dark.
No I do not want to give JJG any space 😁
Of course, if you have little to no ability to actually read the substance, then of course, everything is going to look alike... just words on paper, right? It shows more about your lack of abilities rather than anything else.
By the way, regarding BTC price, we surely have been in a kind of less than 8% correction zone for about the past 5 days.. with the low of $46,309 a couple of days ago, and surely questions regarding if the price is going to continue UP or not...Not bad ongoing upwards pressures, and surely getting back above our local high of $50,562 from 5 days ago would not be a bad thing and really does not seem that difficult to achieve, especially with the price bouncing in the $48ks and $49ks in the past 24 hours-ish.
Nice...
Nice...
[edited out]
Thanks for taking the time to comment on my post and for a snippet into some aspects of your personal life.
Good observation, that although I do not have a boss, I do have obligations to certain entities via contracts, in which I often have little sway over the terms.
I like your example that one of the things Bitcoin has enabled you to do, was to walk away from a business you were not happy to be running and to move on with your life. It's often hard for folk to just say fuck it and walk, because of the sunk cost that's been invested over the years.
Sure. Sometimes there can be calculations that regard "how much work do I want to put into this?".... And, sure, I had been put into a position in which I was doing some of my usual accounting and behind the scenes business matters, but the disappearance of the other partner caused me to have to do those duties too.. which likely is not that unusual when entering into joint projects that any kind of wrap up or changes in the business direction might not be agreed upon.. so then a lot of work could come from such a changed situation, and even a situation in which a guy/gal thought that s/he had a lot of control and even profits from little labor becomes a lot of labor and even questionable in terms of how much profits are coming from the amount of work that ends up having to be deployed to keep the ball in the air.
We can also consider that in 2013 to 2016, my expectations in regards to bitcoin was appreciating that "it could become very BIG, but I am NOT going to rely upon such bitcoin BIGness to live my life." So yeah, I had been hoping that bitcoin would appreciate 6% per year, but it did not have to, and I thought that maybe I could get 2x or 3x or 4x of my return expectations, but I did not need that either. If it did not happen, then it did not happen.
So in late 2017, when we see a BTC price appreciation of more than 20x my expectations and then even a correction that still remains at least 3x above my bottoming expectations, there still remains something quite tangible and concrete in terms of the creation of an incentive that the side investment in little fiends ends up having greater returns than the business and surely with quite a bit less efforts.. so if the returns are greater, and even if the value ends up surpassing the value of the business (even multiples of value), too, then there is a kind of negating of the need to either keep the business open or to feel any kind of compelling concern about attempting to recoup value from the business, either...
The business that seemed to have a decent amount of value started to have some feelings of being something like a shitcoin that is held, and might seem to have a decent amount of value to others, but when the prize (bitcoin) dwarfs such value, then that same business starts to be perceived as being kind of peanuts (relatively speaking).
As for my son's continuing investment it is much greater than the figures you envisage. Far from being reckless he regards this amount as sound investment towards his future.
He bought his first coins in 2011 whilst a student over in England from Intersango GBP1000 around $1500 worth at the time, 200+ coins.
The money was deposited in cash over the counter to Intersango's account, what trust! It was early days and UK banking system was not ready for this or to grant Intersango proper banking facilities. They were all sold at $30 (6X purchase price) to help fund his studies.
In and out of Bit and Shit coin over the years he's now in a good job in finance in the City of London and has been increasing his stash of Bitcoin again over last several years. Like nanobtc he did not like the farming life, but the long hours and hard work in all weather put him in a good position to take life in its stride. When colleagues bitch about their long hours or hard work he tells them to go work on a farm for a month.
Of course, I am not necessarily interested in getting into too many particulars of your son, but I did consider that ongoingly it remains a good topic to bat around ideas about what it takes to get to fuck you status and also to maintain fuck you status, and surely when a guy is younger there can be some trade-offs that are difficult to calculate in terms of deciding to give up the regular jobs and perhaps to just be a full time money manager (manager of his own money).. and for sure, if there is a bit of cushion in there, then any of us could be more prepared for the various unexpected aspects.
Many of us personally realize that even if we are young and healthy, we do have to attempt to account for ongoing health costs whether it is just maintaining some kind of insurance or somehow being able to calculate insurance/health care costs if multi-jurisdictions are potentially involved.
There are quite a few people who will NOT really rely upon all their anticipated future sources of income whether it might be a combination of pension benefits, various retirement plans such as 401ks or roths or other private tax deferred plans or something like social security. If a guy is 40-ish, he might calculate that by the time that he can draw from those various funds, the amounts might not be as much as projected, so there could be ways to discount the future value of those funds to account for those kinds of risks. Some medical based funds could also fit into such category in terms of some insurance carriers are NOT even going to want to fund you in the future, and none of us can really guarantee that we might not end up having some health condition or accident that causes us to either need coverage and/or to have more medical expenses than we had anticipated.
Another thing that guys might do is to just account for the various assets that he currently has control over (they are not age-based), and to consider that he could maintain x lifestyle on this amount of withdraw of funds and even have a cushion too, and if those future age-based funds do end up coming through, then so be it, they end up being like windfall value that does not affect his thought regarding how much value it takes to go into fuck you status based on considerations of the value that is currently available to him (and his anticipated withdrawal/burn rate...
Just to flesh that last paragraph out a wee bit further. Let's just say that the thoughts on current life style are about $3k to $4k per month, so $6,666 per month of fuck you status would be comfortable because there is an extra $3k or so per month there... but then there might be thoughts of wanting to increase living standards or even to make new purchases, and surely traditional folks who enter into retirement will consider that they want to remove most of their extra expenses because they are anticipating that their fixed income is going to be worth less and less with the passage of time (it will not keep up with inflation, even if it has an inflation adjusting component built into it). So surely the cushion can be helpful, but it is also going to be important to consider whether fuck you status is going to mean sustaining a similar standard of living or if it might involve some additional expenses whether travel related or purchase of property, yachts, hookers, lambos and blow, so none of those extra expenses would be unreasonable so long as they are contemplated in terms of reasonable and prudent income draws rather than prematurely living off of principle.. and even living off the principle would not necessarily be unreasonable, either so long as you know and appreciate the difference between living off of sustainable withdrawals of income versus actually living off of the principle.
On a side note, I am wonder if maybe your son found out about bitcoin before you? or did you find out about bitcoin before him? It is interesting that there also could be some simultaneous finding out about bitcoin, but then each of you end up reinforcing the ideas of each other once you find out that the other knows about it - because who cannot appreciate the values of good ideas (such as bitcoin), once they figure out some of the value propositions behind it?
Maybe some of the frustrating part for many of us longer term bitcoiners remains that sometimes we have conversations with peeps who we believe should "get it" but something never seems to click with some of these people..... Do the consider that my continuous willingness to talk about the topic with them is because I am desperate? I tell them that I give no shits about if they invest or not, even while telling them that they should be investing 1% to 10% of their investment portfolio into bitcoin.. that tends to be my punchline to everyone, and then attempting to leave it upon them to figure out the details.. but still even seemingly smart people have a lot of difficulties appreciating the fact that even a small allocation ends up being a good hedge, overall.
So yeah, back to your son, I can imagine that there can be all kinds of possible scenarios in terms of levels of conviction, willingness to get involved in shitcoins, and even the Peter/Spencer Schiff scenarios of seeming opposite positions of father/son - though sometimes gotta wonder with public personas, too..
Peter surely admits that he makes a whole fucking lot of money (by gaining attention) from his ongoing anti-bitcoin stance.. because he gets way more attention to any of his
dumbass ideas once he mentions bitcoin.
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