Topic: The Jet Cash coffee lounge thread. - page 2. (Read 2473 times)

Today's topic is "amor fati" this is Latin for the ancient stoic concept of loving your fate. and adapted by Nietzsche as an acceptance of the trials and tribulations that life throws at you. You should accept that any adversity is sent by fate to strengthen you, and you should embrace it willingly. An extension to this is the facing up to your fears, and confronting them for brief period. Many of us have a fear of poverty for example, but by living a life of poverty for a week or so, we can learn that it isn't as life threatening as we may have thought. Of course this is written as an Englishman living in England, and for me, poverty would be a life choice option in my opinion.

None of the people involved in the government do anything particularly beneficial for anyone other than themselves.

The bus travel in london is probably the cheapest anywhere in the UK (because it's subsidised by the government)... I've seen busses so full they've rolled back down a hill in order to get a running start before they go up it from the stop (and that company is certainly making tremendous profits).

I am beginning to think that the government ought to be split up (along with the country). We can probably split England into 6 pieces, it'd probably make things better if everything was handled locally as it should be. Currently, MPs spend most of their times in london - they're not going to work out what the problems are that they have to answer to and push towards parliament if the problems are 200 miles away.

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I'm testing out bybit, it seems quite a nice platform compared to bitmex it's just a shame I can't trade well :-).

I saw some news on the incorporation of bitcoin in the samsung phones recently - I'm guessing they've given up on their foldable screens that were too difficult to maintain in non-lab conditions...

You must be joking!

The real disaster for the UK was letting the City of London take overt control in the 1970s, and sneaking us into the EU to strip the country for the new Anglophone empire ( formally the British Empire ). Keeping a currency low is a rime honoured way to expand an economy. China did it by buying US bonds and other asset such as mining companies. The devaluation of the Rouble helped Russia to build its economy, and the Euro was created to avoid the revaluation of the Deutschemark. Our biggest problem after Brexit is that we will still be under the control of the City of London, and they will do everything they can to continue to damage the UK. The good news is their treasonous agents are becoming obvious. For example, John Bercow is an ex-Hambros banker, and was given the freedom of the City of London. His country of allegiance is the City of London, and not Great Britain.

There was the other issue that if you buy something in the UK it's rarely converted for the rate. If you pay 50 cents for something in Europe or the US, you'll likely pay 50 pence here (a but more than it is there) because people can't be bothered adjusting rates and it seems the same psychologically...

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I've had some sad cakes that still taste nice without much work so I don't think brexit will be all bad. It can't really be denied too that Europe was a way for the richer countries to subsidise the countries that were bigger (how the rebate was decided) while oceans or any other assets a country had weren't taken into consideration...

So the devaluation of the pound is a good effect because it makes UK economy more competitive. It is like saying that if people are not willing to pay for my oranges, I just have to drop the price and that is good because I will sell more oranges. It is an argument I´ve read many times, in my own country, every time it looked bad they had to devalue, and every time it meant that our standard of living was once again lower than before.

So...I assume you plan a summer escape to Dorset if any, because in you leave the island you´ll be set back around 15% more compared to last year. Welcome to good news.

But I guess that if came to rationality there would have never been a Brexit anyway or, at least, it would have been an orderly retreat as opposed to a chicken farm. Rather than the news in the USA you may want to check about the numbers against Brexit. Boris can just try to force a crash for a closer view to those.


As likely as they were before the referendum and as likely as they were during May´s. Actually a bit less because they lost one seat to Liberals. Boris is just doing a finger point exercise because he knows it well.

Let´s be honest for once, leaving the EU was neither a bad not a good idea, as long as there was something to replace it with. It was surely going to be damaging short term, but now looks that it is going to be damaging short, middle and long term because the Brexit idea has not ever been even half baked and now the UK economy has to be sacrificed to the pride of the mediocre.


Rates have been negative for quite a while. Obviously Europe is also trying to play tricks to give some warmth to the Eurozone. There needs to be an economic downturn and a strong one, the indexes are sky high and there isn´t sufficient fundamental background for it.

Chase bank in Canada has just written off all credit card debts, and they are withdrawing from the credit card market. I wonder if any other major banks will do this. Somehow they need to lose the toxic debt in Deutschbank derivatives, and also the bad debts in the EU central reserve. They didn't pay anything for it in the first place, so I guess they can afford to just write it off. Maybe they need to steal a few more national assets and pensions first though.

I'm not sure how likely they are to get anything through parliament. Hopefully the EU won't offer another extension as it's killing businesses more in the termoil, than it would if we left without a deal (under WTO rules and the other treaties we have)...

A lot of financial institutions seem to be struggling too internationally. I asaw yesterday, a bank in denmark were offering negative interest rates on mortgages (-0.5%) I'm guessing this is because it's better to lend to people and get them stuck in debt or to have it so people think they're getting a good deal and add other charges to them... In the UK the banks seem to be happy to lend with a bit more risk too (and seeming to try to give people money at lowish interest rates - 1.5% or less - while offering no interest on accounts or a maximum of 0.5% - I'm starting to wonder if any of the interests will go negative at some point...)

I think it is good news. Most countries are trying to drop the value of their currencies to improve their trading positions. Trump is trying to drop the US dollar, and China is pushing down the value of the Renminbi to compensate for the Washington sanctions. It's mad that the Euro is staying strong - it has no future, especially as the current pillars - France and Germany, are on the skids.

They're stalling the judgement on the Robin Tillbrook case, and it looks as if it does have some merit. The application is based on the presumption that we actually left the EU last March. It will be interesting to see if Boris gives it a quiet push, as  a favourable ruling would get him off the hook over Brexit, and he could blame everything on the treasonous remainer - Theresa May.

Hi Cash...how´s that Brexit going? Still the devilish Etonians to be blamed for the 40% drop in the pound this year or may be is the world telling you that you may actually be mistaken?

I see the Bitcoin price is  creeping up for the weekend pump and dump. I've got a sell order open at £8,996, and it's only £100 off. I'm hoping it will trigger, and the price will dump tomorrow, so that I can buy back in ready for the price increase next week. I'm not too good at forecasting though, so the price will either go to £8,995 and I'll miss the sale, or go exponential, and rush up to £12,000. That way I'll miss the big gain. Still, it's only a small trading account, my main holding wallet won't have any withdrawals for at least two years.

06/08 update:

Well the contract completed, and the price promptly went up, so I lost out on the potential gain. I think that we are on the edge of another substantial rise, so I bought back in again at £9,542. I'm down in Bitcoin terms with regards to just having held the coins and done nothing, but I've made a profit in real fiat terms, but again, not as much as if I had done nothing, but just HODLed.

Surely this idea justeans people will be buying cars in parts rather than the full car or doing something different but like that...

Today, I'll buy the bonnet of the car, tomorrow tgw wheels and the frame and then the furnishings. Each $9999.99.

Also this probably means that you can g wet a great discount on something being sold for $11000 😂.

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It is a nice win for crypto. Maybe they should make drugs seem more expensive too. A lot of common illegal drugs can be bought for half a daily food budget in this country... I think a weed joint costs about £5 here (not that I've ever actually taken it but I seem to be one of the few who haven't).

I like how it used the memoji as an intro and during the time she talks. It's just an awesome way to use face technology.

As a gist to what I watched, it's like they are forcing the citizens to use middlemen (banks) which translates to fees, etc. I don't know what to feel.

I thought this was an interesting fun video about crypto and cash in Australia.

https://www.youtube.com/watch?v=q6D2EfnbiBI

At the moment institutions seem to be buying Bitcoin through direct deals away from the exchanges. One miner sells to an ATM operator for example. These transactions are not reflected in the price movements for Bitcoin. I wonder what will happen if a government or bank starts a major mining operation, because they aren't  able to buy coins without using the exchanges.

I do think that it will pump again in some time regarding the past price, maybe this year it could go above the ATH?

We can never really be sure to what "event" or cause would trigger the pump but having the ideal thing maybe is that more adoption by the public? Yes let's say there are a lot of people who launder money, criminals that use Bitcoin, and then what? Are they the cause of the pump? If so it's always going to be the ultimate currency whether you are using it for good or bad reasons, it's still being used. More users, more people, would get it.

Aaaaand, it burns out. The cycle continues, dumps and pumps. There are a lot of questions in my mind, how long would it be a "safe haven". Could it be regulated? Would we want that?

Well here we are on Monday, and I seem to have misread the Bitcoin price movement once again. I have an open buy order at £8,995, and I thought we would have a pump and dump over the weekend. The pump was pretty weak, and the dump doesn't seem to be happening. I think we are due for another run up in the price soon, but the world political situation seems to be in chaos. It's even worse for me as I am in the UK, and the media puts their globalist spins on all the news. They portray the resignation of the treasonous remainer MPs as a disaster, but in reality Boris would have sacked them as he "drained the swamp". I wish he would do the same with the senior civil servants who are leeching the wealth and economy of the country.

So is Bitcoin going to be a safe haven, and thus increase in value, or will people take the misguided view that the US dollar is the true safe haven for wealth. I see that £4 million in gold has been seized as part of a drug payment, and they say Bitcoin is the currency of the drug dealers and money launderers. https://www.thesun.co.uk/news/9549512/gold-bars-seized-heathrow-south-american-cartel/

I'm in the supermarket cafe drinking coffee, and waiting for the delivery of some more tools I bought from Amazon - A 150mm hole saw, and some stainless steel nuts and bots with nylon washers. I'm fitting a solar extractor fan to the van a bit later. I'm listening to some jazz piano music from the 60s whilst I work our what I plan to do with Bitcoin over the next week or so. I thought I would share these uplifting tracks by Junior Mance.  https://www.youtube.com/watch?v=6zEK76RHR4g

Junior Mance had his first professional gig in Chicago at the age of 10, and had an interesting career following that - https://en.wikipedia.org/wiki/Junior_Mance

It does work. But not as efficiently.

Most online places will have 8-deck games with a penetration of 4 decks. This means that to beat the variance you have to be quite lucky.

The highest true count I've ever gone up to (for only a few rounds) is somewhere around 8 before I got shuffled away. This was over the course of scores of hours, over multiple tables.

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Gamble for fun and adhere to basic strategy. Count if you want to... but it will detract from your enjoyment and if there's a marginal gain, it's not worth it.

(I believe it's somewhere like $5/hr with a 10K bankroll in online play)

No it doesn't but there are a few other strategies you can use like actmyname said above which can be used to determine how likely they are to go bust...

There's also the thing of brick and mortar casinos or live online casinos shuffling a couple of decks together to get ahead of the counters....