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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26363867 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
JayJuanGee
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January 20, 2022, 05:46:34 PM
Last edit: January 20, 2022, 06:37:28 PM by JayJuanGee

https://www.thesun.co.uk/money/17387140/bitcoin-boy-millionaire-erik-finman-told-to-drop-out/


ERIK Finman became the youngest Bitcoin millionaire at 18 after investing in the cryptocurrency aged 12 - but his teacher told him he'd never amount to anything.

The Bitcoin mogul was told to "drop out" of high school and work at McDonald's because he'd "never amount to anything more in life".





Little fucker

There is a bit more of a gambling and even business angle to the story. It was not just pure bitcoin investing and sitting on it, and I am not even sure what the details might be, because it appears that he had even invested decent amounts of his earlier investment to increase the quantity of his bitcoin holdings from 100 to 341... ..

From the title i had been thinking that the story was going to be about a barely a millionaire story... with 25 coins or something like that, but instead, it appears that Finman has been in bitcoin for 10 years, got involved in other projects and seems to even be bored of "crypto/bitcoin", and also somehow accumulated way more BTC after some of his early purchases got him to 100 BTC, in the story they are describing him as someone with 341BTC... truly above and beyond entry-level fuck you status - since even now entry level fuck you status is approaching sub 100BTC.

It would be difficult to argue that 341 BTC is not well into fuck you status if he owns those BTC free and clear and without incumbrances, which is also not very clear from the article... but 341 BTC would even be well into fuck you status for a 22 year old (Finman's apparent current age).  

By the way, I would argue that younger folks do have to be careful about attempting to transition into fuck you status too early... because they are likely to have to make sure that their total portfolio value is going to sustain them.. and probably many times, younger people do not mind staying in some kind of a working/active in the world status, but surely if any of us is actually in fuck you status, then the terms of any employment that we might get into would be ones that are totally agreeable to our own preferences and maybe if we are decently well into fuck you status, we would largely be able to create our own terms of employment, as well... frequently a 22-year old will still have a decent amount that s/he needs to learn, and sure there might not be anything wrong with ongoing learning by entering into projects, which seems to have been Finman's approach too.. not really clear from the article.

https://www.thesun.co.uk/money/17387140/bitcoin-boy-millionaire-erik-finman-told-to-drop-out/


ERIK Finman became the youngest Bitcoin millionaire at 18 after investing in the cryptocurrency aged 12 - but his teacher told him he'd never amount to anything.

The Bitcoin mogul was told to "drop out" of high school and work at McDonald's because he'd "never amount to anything more in life".





Little fucker

"Getting rich" does not necessarily mean amounting to anything. Good for him for making a good decision though.

There may be some truth in what you are saying richie - nonetheless, if we look at some of Finman's details, there may well have been some skills involved in how he got from 100 coins to 341 coins.  Admittedly, from the article, we do not know very many of Finman's details, and surely the first 100 BTC do seem to have had been purchased 10 years ago or so at a pretty decent rate of around £700 for the whole lot... so that 100 BTC surely does begin a really good base.... especially by the time we get to the BTC price run starting in late 2015.. having 100 BTC still had the guy at $25k that was largely magnified to nearly $2million by the end of the run... so holding onto the coins through all of that might have been a feat in itself.. especially the subsequent fall in BTC prices, too.  

And, I am not sure what Finman did to more than triple his holdings to 341 BTC.. but supposedly he was involved in "business" for much of the time even before the BTC price run that started in 2015.. so hard to label him as a pure HODLer...so yeah, maybe there are no social redeeming values in however Finman got from point A to point B to point C  - over a 10-year period.... so technically, just on the face of it, I cannot really refuse to agree with you that the tagline of merely getting rich has meant that Finman did end up amounting to something... and probably we do not really know enough.. regarding the skills involved and even his supposed current goals of involving himself and monies in "education," so articles do not always do justice to the particulars.

By the way, there are likely a lot of guys here who have been in bitcoin for nearly as long as Finman, but have not been able to hang onto anywhere close to 100 BTC.... I know that just having the coins does not necessarily cause the person to "amount to anything" - even though there are likely some very decent skills in merely hanging onto a certain quantity of coins through the years.. and not just saying.. I stared with 500 BTC and I have 100 BTC now.. even though that might not necessarily be a bad thing either because in 2015 500 BTC were worth around $125k, but now, 100 BTC are worth around $4.3 million, so it is not even close to being necessary to actually increase your BTC stash.. and the are a variety of ways to play your cards right.... whether just focusing on the getting rich part but some of the skills that might have also been employed.. and maybe the learnings along the way, too?...    Did we learn along the way?  Did we share any of our learnings?  If so how did we share?  If not, then what might have been some of the other ways that we attempted to put our capital to work?  - not that we necessarily have to engage in socially acceptable usages of our capital.  There could be some values in consumption, too.  Perhaps?

Edit:  Ps... I will admit that those two pictures from the article are not exactly flattering or allowing for any benefit of the doubt to Finman...  the pictures are a kind of click bait provocation in themselves, no?
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January 20, 2022, 05:49:47 PM





https://www.thesun.co.uk/money/17387140/bitcoin-boy-millionaire-erik-finman-told-to-drop-out/


ERIK Finman became the youngest Bitcoin millionaire at 18 after investing in the cryptocurrency aged 12 - but his teacher told him he'd never amount to anything.

The Bitcoin mogul was told to "drop out" of high school and work at McDonald's because he'd "never amount to anything more in life".





Little fucker

I am starting to think we might see the "These early Bitcoin assholes were lucky and do not deserve the gains they made" narrative heating up pretty soon.  In some ways stories like the above kind of don't help.  People are going to want to believe that our good fortune was entirely up to luck and involved no risk, or work on our part.
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January 20, 2022, 05:55:19 PM
Merited by JayJuanGee (1), fr4nkthetank (1)

What are you guys opinion on the best option to turn crap into gold (ETH -> BTC) ?  no kyc of course.  I havent used an exchange in a very long time.  

You can still do this via Exodus wallet without KYC, but of course you won't get a very good rate.

Depending on various factors... a couple solutions that the word on the street is good about are changenow and fixedfloat...  Fixedfloat generally offering better rates:

https://fixedfloat.com/
https://changenow.io/currencies/monero?from=eth&to=btc

You *could* need a VPN or TOR connection for some reason I can't quite remember. Wink
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January 20, 2022, 06:01:36 PM


Explanation
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January 20, 2022, 06:01:47 PM
Merited by JayJuanGee (1)

Little fucker
Judging by the photo, I'm convinced this little fucker didn't achieve anything... he just took advantage of the achievement of one anonymous guy. In addition, I am not sure that at his age he himself disposed of his coins, because, as experience tells me, teenagers are too impulsive and the likelihood that without a patron he would not have dumped his coins in 2015 is extremely small. Roll Eyes

Btw, It's all good, of course, but I'm looking forward to high-profile arrests.  Cheesy

Quote from: twitter:

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January 20, 2022, 06:03:11 PM

Thanks guys, I'll look into it  Grin
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January 20, 2022, 06:09:04 PM

Sick as a dog, my turn maybe.


... vaccinated, boosted? got your mask on? carrying your covid pass?

[...]



Cheesy Cheesy Cheesy Cheesy  Cheesy Cheesy Cheesy


Comedy gold ! ! ! .. I would tip you with some merits, but I'm out of them.. sowrry. Smiley


But it just make me giggle each time someone says they have anything less then a broken bone that they got in the woods from a tree falling on them because they tried to get some wood to work well with their scotch near the fireplace crackling. Cheesy Cheesy Cheesy

If ppl keep complaining about Cancer or Covid or anything else that starts with a  C.... (Cock... wink-wink). They should just see a nutritionist and overdose on vitamins.  Roll Eyes  Roll Eyes  Roll Eyes
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January 20, 2022, 07:01:16 PM
Merited by fr4nkthetank (1)

What are you guys opinion on the best option to turn crap into gold (ETH -> BTC) ?  no kyc of course.  I havent used an exchange in a very long time.  

send me a pm
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January 20, 2022, 07:01:26 PM


Explanation
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January 20, 2022, 07:04:23 PM

What are you guys opinion on the best option to turn crap into gold (ETH -> BTC) ?  no kyc of course.  I havent used an exchange in a very long time.  

send me a pm

Hmmm got them messages a lot on Twitter

J/k.    But they come in that exact text  Grin
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January 20, 2022, 07:08:18 PM

That fucking yellow malaka is responsible for this pump over the Turkey adoption "news"

Goddamn the memelords sometimes...
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January 20, 2022, 07:09:23 PM

That fucking yellow malaka is responsible for this pump over the Turkey adoption "news"

Goddamn the memelords sometimes...

Where da meme at?
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January 20, 2022, 07:24:29 PM

Where da meme at?

It's a bit meta. yellow's alt is Robert Malakas on Twitter, posted the newsflash ALLCAPS earlier today, and it seems to pretty much exactly coincide with the dildos.
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January 20, 2022, 07:44:44 PM

In recent times, it has been coming more obvious that there is something considerably wrong with that marine animals scale

Since it considers someone with 55 BTC a "small fish", no shit something's wrong with it. Smiley
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January 20, 2022, 07:45:05 PM
Last edit: January 20, 2022, 08:42:33 PM by OutOfMemory
Merited by cAPSLOCK (1), JayJuanGee (1)

That fucking yellow malaka is responsible for this pump over the Turkey adoption "news"

Goddamn the memelords sometimes...

Russian central bank wants to ban all Bitcoin based operation (like china) in their country.
This might suck up the turkish momentum. Classic Bart in the making?



And here is something so retarded, it's actually funny as hell:

https://www.theregister.com/2022/01/19/craig_wright_bitcoin_sv_high_court_sueball/

I'll let the heading speak for itself:

Quote
I own that $4.5bn of digi-dosh so rewrite your blockchain and give it to me, Craig Wright tells Bitcoin SV devs

SMH or ROFL, or both?

EDIT: (spoiler alert)

CSW is really working hard to make BSV the king of all shitcoins:

Quote
They've all refused Wright's demands, though a firm called nChain Ltd is "said to be working on a modification to the existing BSV client software, which would enable someone who owns but cannot access the BSV to regain control of them."

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January 20, 2022, 08:00:54 PM

SUM up of "HEARING ON "CLEANING UP CRYPTOCURRENCY: THE ENERGY IMPACTS OF BLOCKCHAINS" 117th Congress
Oversight and Investigations (117th Congress).

Bullish.

Thank you for your attention
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January 20, 2022, 09:13:10 PM
Merited by cAPSLOCK (1)

What are you guys opinion on the best option to turn crap into gold (ETH -> BTC) ?  no kyc of course.  I havent used an exchange in a very long time.  

send me a pm

awe Thanks for the offer, I have dunnit with fixedfloat, but i'd rather have given you the fees.  Next time ill pm you!  Feels good to put some more bitcoin in cold storage.  I also have a small (and beautifully artistic) gold coin in there just as a reminder of what people used to do in the dark ages.

So other than a fee the service works well.  I estimate it to be around 3/4 of 1% when all is said and done.    Thanks again for the suggestion.
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January 20, 2022, 09:43:15 PM

Annoyed by corn 🌽
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