JayJuanGee
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Merit: 10127
Self-Custody is a right. Say no to"Non-custodial"
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December 05, 2022, 04:48:21 AM |
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This is the kind of deal I'm hoping for. Even if I don't get a lambo it's a nice profit to make.  https://bitsonline.com/lamborghini-bitcoin-saddington/... having bought his first bitcoin way back in 2011. When he bought in, the bitcoin price was $2.52. Come October 2017, and Saddington’s cheap investment from 2011 had earned enough profit to allow him to purchase the Lamborghini. Rather than selling his coins at an exchange and buying the car with fiat, however, Saddington made the entire purchase with bitcoin.
Based on what he paid for the bitcoins in 2011, Saddington said his car only cost around $115. Profit from the skyrocketing bitcoin price took care of the rest.
He bought the car in despite the Bitcoin Lambo memes warning against buying a car with the rapidly-appreciating bitcoin. Saddington acknowledged that his purchase may end up costing him $20 million in the future as bitcoin’s value goes up. “But sometimes you just have to reward yourself,” he said. At a guess if he'd hodled he would be a multi millionaire by now. Maybe I won't be getting a lambo after all. For nice and round numbers, let's say that the Lambo cost him around 50 BTC (or 45 BTC like Gachapin said), and he got those BTC for around $115 or maybe he paid a bit more for the BTC or the lambo cost him a bit more.. .. .. yet.. I would conjecture that any good money manager is not going to be spending more than 1/4 of his her stash for a stupid depreciating car.. (even if it is nice looking and all of that). In other words, I would conjecture that he should have at least 150 BTC at the time of that October 2017 purchase - so then one of the major questions would be whether he would have bought more BTC when the BTC price dropped between 2018 and 2020, and was he not so careless as to sell some of his BTC in such a way that would be too much too soon. Even though I am granting up to 25% on a luxury car, I could not imagine even spending 5-10% of my stash on such a car... so in that regard, if the targeted lambo costs around $500k (and maybe even more) then I would not really judge too much if the person were to have $2million in networth in order to buy such lambo (so that would be 25%, but more reasonably, I would expect a bit more networth, even though such lambo would be affordable, even at 25% of networth. Maybe I am being a bit too judgmental about the use of wealth on consumption goods, and we know that there are quite a few consumption goods that cost quite a ibt of money to actually use, and some luxury homes, yachts and airplanes seem to fit into that category... and some of us somewhat normies consider ourselves as getting close to reaching fuck you status, reaching fuck you status or being multiples above our target fuck you status, but still if we start to compare our lifestyles to the lifestyles of the rich and famous (the filthy rich) then we likely realize that there is still quite a bit of a gap.. and then maybe there could be questions regarding if we are already established rich or if we are just new rich (and may have even been somewhat bumped out of our feelings of rich status in recent times, perhaps?). This is the kind of deal I'm hoping for. Even if I don't get a lambo it's a nice profit to make. https://bitsonline.com/lamborghini-bitcoin-saddington/... having bought his first bitcoin way back in 2011. When he bought in, the bitcoin price was $2.52. Come October 2017, and Saddington’s cheap investment from 2011 had earned enough profit to allow him to purchase the Lamborghini. Rather than selling his coins at an exchange and buying the car with fiat, however, Saddington made the entire purchase with bitcoin.
Based on what he paid for the bitcoins in 2011, Saddington said his car only cost around $115. Profit from the skyrocketing bitcoin price took care of the rest.
He bought the car in despite the Bitcoin Lambo memes warning against buying a car with the rapidly-appreciating bitcoin. Saddington acknowledged that his purchase may end up costing him $20 million in the future as bitcoin’s value goes up. “But sometimes you just have to reward yourself,” he said. At a guess if he'd hodled he would be a multi millionaire by now. Maybe I won't be getting a lambo after all. I registered here in 2011 after discovering I could play poker for bitcoin. I have sold little bits to do things like take a trip with my wife. But ultimately I have bought the dips enough to replace those sold coins. Part of it is my ethos. I do not really need all that much stuff. In fact in the end I just might make all of you richer. “Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.” -somebody important I accepted long ago I will either be a genius for holding, or a fool. We will see. And that seems to be another angle that if you end up selling smaller amounts of BTC (in the 5% to 10% arena), then it becomes a lot more likely (or easier) that you will be able to replace a decent proportion of the amount that you sold. Selling 25% or more becomes much more difficult to replace without taking what is likely unnecessary risk or causing yourself to be overly uncomfortable in living your life (even while increasing your standard of living). |
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The block chain is the main innovation of Bitcoin. It is the
first distributed timestamping system.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Popkon6
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December 05, 2022, 04:48:46 AM Merited by eXPHorizon (1) |
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Please only Boobs, ass, n pussys hhh pussy and tits can be combined ! Just kidding... post WHATEVER you Like   [/quote]  Just Fun bro |
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ChartBuddy
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Activity: 2142
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 05, 2022, 05:01:16 AM |
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Toxic2040
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Activity: 1792
Merit: 4141
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December 05, 2022, 05:14:38 AM |
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shahzadafzal
Copper Member
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Activity: 1512
Merit: 2875
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December 05, 2022, 05:28:24 AM |
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Well I watched it and we also need to listen to him too, in his recent interview with WSJ, where he try to blame everything on Almeda Research. In the end whatever he says, blame will come back to him. He was the boss, he was responsible for all the things. His oversight is not an excuse. Almeda did bad but he gave them the opportunity to do so. Or maybe he was not a bad guy and people just took advantage of him and maybe that's the reason he's still free. But I heard somewhere online that this was all planned to bring more tight and strict regulations. I don't really agree with the conspiracy but you never know... one thing is for sure, regulations are coming! |
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HI-TEC99
Legendary
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Activity: 2772
Merit: 2846
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Well I watched it and we also need to listen to him too, in his recent interview with WSJ, where he try to blame everything on Almeda Research. In the end whatever he says, blame will come back to him. He was the boss, he was responsible for all the things. His oversight is not an excuse. Almeda did bad but he gave them the opportunity to do so. Or maybe he was not a bad guy and people just took advantage of him and maybe that's the reason he's still free. But I heard somewhere online that this was all planned to bring more tight and strict regulations. I don't really agree with the conspiracy but you never know... one thing is for sure, regulations are coming! There's speculation Alameda Research CEO Caroline Ellison might be in the US trying to do a plea bargain with the authorities. https://cointelegraph.com/news/alameda-ex-ceo-caroline-ellison-spotted-in-new-york-twitter-users-claim A recent photo of what appears to be former Alameda Research CEO Caroline Ellison in a Manhattan coffee shop in New York has been making the rounds on Twitter.
On Dec. 4, two photos began circulating on Twitter, appearing to show Ellison ordering a coffee at the Ground Support Cafe in Manhattan.
Adding some weight to the possible sighting, Gopher, the Golden Doodle puppy which is understood to be owned by FTX and Alameda execs also seems to be in the photo next to Ellison. Some members of the community are surprised that Ellison is on U.S. soil given the possible legal ramifications, while others have speculated that Ellison could be looking to cut a deal with authorities.
The coffee shop in question is only a short walk away from the U.S. Attorney’s Office and the New York FBI office, some have pointed out. |
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nanobtc
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December 05, 2022, 05:59:07 AM |
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Wow, so many n00bs here. That is usually an up-tick.
Welcome to WO.
PM me here with your mother's maiden name, and PVT key for more details!
You're welcome. The check is in the mail!
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ChartBuddy
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Activity: 2142
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 05, 2022, 06:01:20 AM |
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HI-TEC99
Legendary
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Activity: 2772
Merit: 2846
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December 05, 2022, 06:19:09 AM |
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This is the kind of deal I'm hoping for. Even if I don't get a lambo it's a nice profit to make. https://bitsonline.com/lamborghini-bitcoin-saddington/... having bought his first bitcoin way back in 2011. When he bought in, the bitcoin price was $2.52. Come October 2017, and Saddington’s cheap investment from 2011 had earned enough profit to allow him to purchase the Lamborghini. Rather than selling his coins at an exchange and buying the car with fiat, however, Saddington made the entire purchase with bitcoin.
Based on what he paid for the bitcoins in 2011, Saddington said his car only cost around $115. Profit from the skyrocketing bitcoin price took care of the rest.
He bought the car in despite the Bitcoin Lambo memes warning against buying a car with the rapidly-appreciating bitcoin. Saddington acknowledged that his purchase may end up costing him $20 million in the future as bitcoin’s value goes up. “But sometimes you just have to reward yourself,” he said. At a guess if he'd hodled he would be a multi millionaire by now. Maybe I won't be getting a lambo after all. I certainly wouldn't pay 45 BTC for a car. (if I'm not mistaken that's about the BTC he paid) But I understand when he is talking about the reward you need to give yourself from time to time... Everyone needs a reward sooner or later, it just gets expensive with Bitcoin. *drying off with $8,000 towel.*
That's EPIC! In my case, I'm currently using a $2000 Trezor... At least we haven't been eating $90M pizzas (yet)! I have a couple $1,300 sandwiches Dont forget my $33,000 iphone 6.. (1.8 BTC on feb 2016) I had a bloke code some stuff that I can code now myself in 1 hour. Only 25 BTC  I have a $15,000 Chinese intercooler setup, lol <about Sold .8 to make it happen when I think BTC was just under $300 ... sold in February 2015. got €20k and invested that in the business. posting this so noobs can learn and not do the same mistake. never sell your precious corn. that was $1.8 mio mistake, currently. if you sell 10btc during next dip it will be the same in a few years. if you sell 1 btc during the next bear, it will be the same in a few more years...
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Gachapin
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December 05, 2022, 06:36:45 AM |
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.... Everyone needs a reward sooner or later, it just gets expensive with Bitcoin. *drying off with $8,000 towel.*
That's EPIC! In my case, I'm currently using a $2000 Trezor... At least we haven't been eating $90M pizzas (yet)! I have a couple $1,300 sandwiches Dont forget my $33,000 iphone 6.. (1.8 BTC on feb 2016) I had a bloke code some stuff that I can code now myself in 1 hour. Only 25 BTC I have a $15,000 Chinese intercooler setup, lol <about Sold .8 to make it happen when I think BTC was just under $300 ... sold in February 2015. got €20k and invested that in the business. posting this so noobs can learn and not do the same mistake. never sell your precious corn. that was $1.8 mio mistake, currently. if you sell 10btc during next dip it will be the same in a few years. if you sell 1 btc during the next bear, it will be the same in a few more years...
I have a fantastic 345,000$ Samsung desktop monitor (2021 ATH price). Luckily it's only 85,000$ rn ... still using it though |
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Cryptolove20015
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December 05, 2022, 06:37:33 AM |
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NEW: Bitcoin signature from January 2009 was recently posted by an anonymous forum member - dated just 1 week after Bitcoin launched.  |
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HI-TEC99
Legendary
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Merit: 2846
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December 05, 2022, 06:57:41 AM Merited by JayJuanGee (1) |
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I was reading about it the other day. https://news.bitcoin.com/an-unknown-individual-signed-a-message-associated-with-btc-block-1018-reward-was-minted-16-days-after-satoshi-launched-bitcoin/Furthermore, one user discovered that the mined coins, transferred in 2011, also had “private keys of addresses that mined earlier than the above-mentioned address.” The people in the post wondered if the user Onesignature was actually Satoshi Nakamoto, but Cobra detailed on Twitter that the address was not a “Patoshi block,” a block associated with Bitcoin’s creator, and remarked that it was “unlikely to be Satoshi.” “While many people *could* have mined Bitcoin that early, the overwhelming evidence suggests that barely anybody did,” Cobra added. “Bitcoin was obscure, irrelevant, and seen as a dumb idea, why install some random .exe?” In Cobra’s Twitter thread, the pseudonymous whistleblower known as “Fatman” said the old address could have been purchased from someone later in time. Fatman shared an old bitcointalk.org screenshot that shows someone noting that “many old keys have been sold or leaked.” |
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Gachapin
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December 05, 2022, 07:00:31 AM |
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could only be Craig-the-real-Satoshi-Wright TM of course sorry to everyone for mentioning that idiots name |
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ChartBuddy
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Activity: 2142
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 05, 2022, 07:01:16 AM |
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Gachapin
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December 05, 2022, 07:28:34 AM |
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lol ... deep in ourselves we know it must be him |
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serveria.com
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Privacy Servers. Since 2009.
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December 05, 2022, 07:57:26 AM |
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could only be Craig-the-real-Satoshi-Wright TM of course sorry to everyone for mentioning that idiots name That's BS, 2009 is sooo late. Everyone knows he was mining Bitcoins back in 1993.  |
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ChartBuddy
Legendary
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Activity: 2142
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 05, 2022, 08:01:16 AM |
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Poll
