with all this AI talk, we need some dumb talk. so here i am.
Real peep talk is a good thing.
He was over-leveraged.
so he was hands free.
He seems like a smart guy, but surely leverage can make anyone dumb, which seems to be part of the reason that so many of us, in these here parts, tend to advocate against leverage, and even suggest that there tend to be so many ways to get rich as fuck from bitcoin (even though it is not guaranteed) as long as guys tend to have a long time horizon and error on the side of ongoing buying and holding.
Historically, so many guys have fucked up by selling too much too soon and not being able to hold through the down periods, when either they should be continuing to buy or at least just holding through those down periods (in which we have had quite a few down periods over bitcoin's more than 17 year history, even though I have ONLY been personally involved around 12.5 years).
Oh yeah, this guy also sold the bottom in 2013 which he doesn't disclose until nearly the end of the video. At least he admits to being a contrarian indicator which is his only valid point imo. The worst part of the whole video is when he says, "
I'm not out. I'm just stepping back and watching the door. I'll be monitoring the situation. And if I just sold the bottom again, well, you know what to do."
He sold at the bottom around 3-ish times (if we include this time), yet he mentioned that he might be buying back in lower (though he did not exactly say what that lower would be).
This seems to be a time to buying rather than selling and if you don't have more money to buy, then it seems to be a time to just HODL through our current situation.
sort of looks like a bear trap happened this morning, hopefully not too soon to talk.
Those Patriot front goobers, That is a psyop, or I'll eat my shoe.
That picture with a bunch of those guys on a train with one young black woman. Look at the guy in the furthest right foreground. Look at his nose, at the skin tone. Compare it to her skin tone. I don't know, maybe it's just a camera thing.
There might be some truth in that, especially how the camera would be what? From the security camera? or someone taking it?
[edited out]
That house needs 360k in repairs.
That house will cost close to 100k a year to pay for all upkeep.
so 56x65000=3,640,000
and add the 360k in repairs 4,000,000 up front. which is about 85btc if you owe tax on the btc
and for now 2 btc a year to maintain it and pay for tax etc.
so if you are 45 and live there for 30 years you will pay at least 30 more btc on it. thus it is a 115btc houseThere is a bit of lack of creativity in your calculation if you believe that any particular house (including that 56 BTC house) would cost 2 BTC per year to maintain it. That seems to be a poor presumption, even though you may be correct that it may well take $100k in the beginning (such as right now) to maintain it for the upcoming year.
Booked an AirBnB villa in Madeira for summer 2026. Last year spring, atleast most AirBnB accommodations in Madeira where reserved for the summer so i needed to be on time.
Madeira is also called Flower Island ore Hawaï of Europe is an exotic destination which is fantastic for hiking trips.
Going with 5 people in total all paid by me, the villa, flight tickets, car rental only food and drinks together.
Making pictures with my family for life-long memories, unfortunately not with my mother because she passed away in August.
Spending €10,000 will be well worth it. Thank you Bitcoin.
Retired for 5+ years.
No debt.
Peace of mind.
Financial freedom.
I don't care anymore.Cheers!
Sold your btc?
Cool, anyway.
I could retire, but for me, it is a more interesting life, working.
Thinking about doing something entrepreneurial, perhaps...or a charity, maybe, if I could not swing it (entrepreneurial idea) and/or bitcoin "cooperates".
I am more bothered by guys bragging about how many bitcoin that they supposedly spent when we are in a pretty depressing dip period. It makes less sense to be bragging about selling bitcoin unless the discussion is with a context that makes sense.
I am not hating on selling bitcoin.. especially sustainable withdrawal systems, but even my time-based sustainable withdrawal is in a reduced withdrawal rate period, since in recent days, bitcoin prices have been merely bouncing around in the ball park of 1% to 3% above the 200-WMA, at best...so not exactly selling territory, even some potential conservative time-based sustainable withdrawal approaches.
Poll
