Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13805. (Read 26720873 times)

I'm just bitching. Now that I have had my cathartic experience, I feel better now. Part of the bleak outlook is that two years ago my partner had a small inheritance. We've been living in gravy, (well to us it was gravy) for the past two years. But that is mostly gone now. Only 1k left of that. Plus, my partner just had a hernia surgery a little over a week ago. So he hasn't been working this month due to the hernia and will probably not be working for most of June. Unfortunately, he works for himself, so no vacation or sick time to fall back on for him. I'm sure that by July he will be back to work. He's starting to feel the financial pinch as well, so maybe he will be motivated to take on another customer or two. Furthermore, we both share a habit that is rather expensive. We both smoke cigarettes. That's 450.00 per month to ruin our heath and make our clothes, our apartment and our car reek of cigarette smell. One of our friends won't even step foot in our apartment due to the stench. So far, the both of us have had brief conversations resolving to quit, someday; then we each proceed to light up another one.   Unfortunately, it's probably not going to work too well if one of us tries to quit and the other keeps smoking like a chimney. We will see.

My paychecks are irregular but I have some buffer to handle that and very little fixed expenses. For the rest I'm irresponsibly far into bitcoin and can't buy any more of these cheap coins.
Living paycheck to paycheck sounds very stressful. What worked for me in the past is listing all my fixed and regular expenses, converted to cost/month where needed, order them largest to smallest, and starting from the top of the list, try to get a better deal or consider cancelling the expense altogether. One that is often overlooked is food. Supermarkets have huge margins and you can often get much better deals if you order larger quantities on-line. Electricity usage too. I have natural gas heating and use about 1100 kWh/year using good LED lights, net-book computers and fridge, freezer and internet modem as the _only_ permanent loads, even the microwave has a plug-in switch since I don't like to spend 8 Watts to show the time when not in use. It's a bit of time to sort out but small savings on regular expenses keep adding up in time after that.

But the fate of Bitcoin is currently joined to that of exchanges. It is the weakest point. Maybe in some years if all goes well and adoption increases dramatically things will be different. Now most of the Bitcoin activity is exchange based.

I did not say that: I was simply implying that those exchanges which are playing with fire should be treated accordingly. No need to ban bitcoin, it's not bitcoin fault. For all I care exchanges could all blow up

No point liquidating now (RSI is almost 30) if you have less than 1 BTC.  If its any consolation, most of the world lives paycheque to paycheque.  I also have less than 1 BTC.  

Yeah, shut them all down and ban Bitcoin for good.

Bart Simspon spotted again on every major exchange out there, this is becoming truly annoying! This feels so coordinated among several exchanges. For once, I'm with the DOJ

Well, if you don't like that, you can opt for Medicare part C, and get a Medicare Advantage plan. The premium you pay for Medicare part B and part D goes directly to the insurance company of your choice. Depending on how good the coverage is, they may charge you a bit extra. The low end plans don't charge any extra. You can carefully pick a plan that will best suit your needs. Just be careful. Although many aspects of the coverage may be better than what you would get by having the straight government plan, some are worse. For example, with straight Medicare, the copay for a medically necessary ambulance trip is between $80-150.00. With most Medicare Advantage plans, the copay is between $200 and $300. However, in the end, it is probably a better customer experience for you. Usually dealing with corporate bullshit and red tape is less stressful than dealing with government bullshit and red tape.


I gave up drinking 9 years ago. However, these charts are making a trip to the liquor store seem like a really good idea.  

fuck man

that makes my head hurt...fuck all that

edit/


oh man...dude

feeling it, I am similar age, seemed like we had it going on for a minute there, now its back to attics and crawlspaces, and the alcohol doesn't dull the pain like it used to.

r0ach what do you do for a living? Ive been curious since I started reading the wall observer thread.

And oh yea, I know this thread is filled to the brim with ultra alternative lifestyle Bob type people, but the sheer number of trannies in programming now who are literally and not figuratively mentally insane and demand the other 99.9% of the world to bend over backwards to put up with their mental insanity is seriously getting out of control.  I don't know how the hell this happened, but there was suddenly a flood of tranny programmers out of nowhere overnight with all these Sharia law style demands.

Fact:  Since humans require reproduction to exist, not being attracted to the opposite sex at all is abnormal in the natural order of things.  There is no 'everything is relative' here.  You are either a functional genetic line or a genetic error in this case which is not capable of creating a functional lineage.  

Genetic errors who are designed to fail at natural selection should not be put up on a pedestal and claimed to be equal to functional humans.  This is not to say anything negative should be done to them, because nobody is perfect and everyone has their flaws, but advocating that both specimens/choices are equally valid is like saying it would be perfectly fine if 100% of civilization were trannies.  No, that's not going to work.  One specimen is obviously somewhere between inferior to completely invalid in evolutionary terms and should not be promoted as an equal choice/happenstance.

Oh, That explains it. Here the maximum pension is around 2500€/month which is "a lot" considering salaries (and cost of living) are several times less than the USA equivalent. Of course it is because the contributions during all the work life are *HUGE* (around 30% of the salary goes to social security which includes full medical care for everyone).

Also in Spain it is usual to fully own the home (or even a second house) before the time one reaches retirement. It is main savings asset for most the people, it is in the culture. So that's one less expense to account for.

In exchange, very little people have private pension funds... the home is it for most.

I am sure that must change sometime in the future. First they kept postponing the age, then raising the number min/max of work years needed, then stopping increasing the amounts of the pension.... next will be directly reducing them. Either that or the numbers won't add up (they already don't).

I have heard (and watched in tv films) many horror stories about people having to spend tens of thousands, or even hundreds of thousands of fiat into (uncovered) medical bills in the USA. I suppose it is an exaggeration?

Here people complains because dentists are the only thing that is NOT included in social security even if that only amounts to a $50-$100 bill for a filling every few years or whatever. Oh, yeah, unjustified plastic surgery is also not included, as expected.

Talking about that I will never understand how so many REALLY expensive care is included for free and dentists, being such an insignificant portion of the whole, aren't. Mysteries of life. But not like I am gonna complain when that amounts to maybe 1% of the total already offered for free.

Jesus fucking Christ Bob!


just stop...fuck

my pills, where are my pills

To be blunt, my finances are a horror story. I truly am REKT. My cryptocurrency portfolio has never been large. We are talking less than 1 BTC worth ATM.
Also, everyone knows the saying that those who can't,  teach. Definitely applies to me when it comes to retirement. I have jack shit saved up for retirement and I am 50.
I basically live paycheck to paycheck and the balances on my credit cards increase monthly. I have been working the same job for 15 years and I am probably way overqualified for the position. I hate to admit it, but I am truly an unmotivated loser. What has been nice, starting in November of 2017, is that I did get to cash out on my cryptocurrency profits to keep my head above water. Unfortunately, that well is going to dry up rather quickly. Especially if the BTC market keeps going with the current downtrend. Sometimes I'm just tempted to liquidate all my meager cryptocurrency holdings right now. However, a part of me wants to hold on for as long as possible because quite frankly, it gives me a little ray of hope that maybe things will turn around, and I can delay the looming bankruptcy filing indefinitely.
I will probably regret this posting, since I have bared all to practical strangers. Oh well, at least it was a little therapeutic to have my own pity party.

This shit is amazing to read.  Some video game reviewer guy that somehow crawled from complete obscurity to sort of well known just died and all these antifia weirdos came out of the woodwork to talk about how they're glad he died because he did not support the correct side of "gamergate", which was like a Marxist antifa movement to demonize males and whites within the video game industry.  This SJW video game developer (who appears to work for the worst game company that exists - EA) flips out in a Trump-style twitter rampage talking about how glad he is the guy is dead:

https://archive.li/UuEJw

yep..that is pretty much true....I ONLY had the miner....from that miner to pump the income (yep legal with IRS too from day one) for ALL the stuff you mentioned flowed from this income...I worked with disabled

folk...never a lot of money in that ..thus the mining had

to stand on its own....also remember I fired up this KNC Jupiter BTC miner on Oct 18th 2013 and that day BTC was almost exactly $150 (I looked at worldcoinindex..but they don't go back till 2013 or I can't read

the graph) .....and I think (again if I remember right) I was making ONE BTC per day.....

and yeah, mostly was in HODL mode for everything ...except those things that were for mining....I also have a mess of Altcoins that more than make up for what you are talking about...for any 'slush' after the

BTC stuff...

so yeah, a case could be made that REALLY the only money I have in crypto 'out of my job' was the $5,131.80 usd for the KNC Jupiter of 2013.......so the revenue I have used/bought miners with etc...and what

I have left over in HODL mode..is indeed profits....thus a case again could be made that I 'mentally' could claim that anything above the $5,131.80 was profit..in that all the expenses for future expansion came

from that one machine....thus $513.18 BTC would be the most definative extreme example of denial of loss of $$$ after any number under that point for BTC (again not counting the significant ALT's slush on

the assumption I'd sell all that before getting to such an extreme point...

just the way it worked out....I retired as of 1/14/18 this year due to crypto...trying to use crypto to bridge the gap between 63 years and full retirement and traditional investments at 66 with soc sec etc

same 'dubious' lifestyle' $$$ wise if I 1) work 2) use crypto till 66 3) crypto goes tulips after 66 again, same modest dubious suburban ghetto lifestyle

so if it all goes tulips I am going to make t-shirts to befuddle those who will say 'I told you so' that say


Crypto: Allowed me to retire 3 years early, bite me!

Thus, if nothing else comes from the miracle of tripping over BTC in 2013....I can say at least that I man'd up and gave it my all....hell, I'm 63 years old ...I have worse problems then BTC and crypto going tulips!

(what do they say: write a book, plant a tree, make a fortune and lose a fortune......we will be the first to know I guess)

brad
 

p.s. the above while not exactly correct....is a way to look at it from the perspective of which I started.....(in the PSU's I'll have left over alone!) but as a mental viewpoint on the ups and downs of all this

stuff and how serious to take it all..it works for me. Also as far as the work/time thing...even if it all goes tulips..I have not had this much fun since I was in University....thus it is a win also.

Unfortunately the maximum Social Security benefit someone can get right now is $2,639 at full retirement age, a little more if you wait until you are 70. Most people did not earn enough to get that amount. If someone is going to be planning on living just on their Social Security benefits, they will be living in poverty or close to it and will need additional aid such as Section 8 housing and food stamps.
At age 65, almost everyone is entitled to part A Medicare which covers hospital stays. If you want part B, which covers other services not related to a hospital stay or part D which is drug coverage, you will have to pay a premium that comes out of your social security check. Many people on social security are living at the poverty level or close to it, so those people can get Medicaid. Medicaid will pay for the part B and part D premium for you, and will also "cover" the deductible and copays. (Actually, the Medicare allowable is higher than the Medicaid allowable. So what really happens is the Medical professional gets the Medicare payment and then writes off the balance. In order for a doctor or medical professional to accept Medicare and Medicaid, they must agree to write this off, by law.)

Do you really get rekt every time, bones, or is it just preventive whining?

(You're free not to answer this, of course. It's just a cocky opening.)

I'd try and make the bet smaller relative to my playroll, keeping leverage at maybe 3 tops, 1~1.5 even better. "Going long" can actually mean buying a few cents and stashing away. So can "taking profit." Increasing the amount in the freezer is probably the most hopeful subgoal to gambling with 100% house money.

I mean: you know a few things about retirement and taxes. I'm sure you made a few calculations. I know you understand this magical internet money fairly well, too. Come on.

I think I get it now. 401K, IRA, etc... are private (individual choice) retirement/savings plans same like here.

Social security also seems to be the same than here (except for the medical care, that it is fully included for everyone no matter how much they contributed or if they have additional private medical plans) .

Also it is the same situation in that the cashflow has been reduced due to the poblation growth (or lack of younger workforce in relation to retirees) and the retirement age has keep increasing. To me it will be, at least, 67 (maybe they will increase it higher by the time I reach it).

It is also the same in that it is expected that they will have to increase contributions or reduce pensions sometime in the future as currently the cashflow is already negative and the reserves are almost empty The money will have to come from somewhere to keep current benefits....

Currently the social security pensions for people that had good salaries "guarantees" and get the max are more than enough for a reasonable retirement even without the need of additional private pension plans or significant previous savings..... but that is probably going to change in the future.

I think have never read people talking about social security when discussing about retirement here and only about 401k's, IRA, etc so I had the doubt if that there was the case that no (forced) social security was in effect in USA. Or maybe the current amounts of that social security are so small in comparison to previous salaries that noone takes it into account?

     No one is forced to contribute to a 401k. If your employer offers a 401K, they can take money out of your paycheck, and the tax on that amount will be deferred until you withdraw from your 401K. If you draw out of your 401K before retirement age of 59 1/2, you will have to pay a penalty of 10% on top of the tax. Many employers that offer a 401k also include a match. Most companies match 50% of what the employee contributes. The catch is that you usually have to work for an employer for a certain amount of time before you are fully vested and can claim this portion if you leave the employer. My employer has a vesting schedule of 5 years.
     Another option for retirement is an standard IRA and a Roth IRA. In a standard IRA, you get to defer your taxes on your contributions. However, if you withdraw before age 59 1/2, you will pay a penalty on top of the taxes. In a Roth IRA, you pay the tax on the contributions. If you withdraw before 59 1/2, you only pay the penalty and the tax on the income, not the contributions. If you withdraw after you are 59 1/2, the money is tax free.
    Then we have social security. Social security is a tax that everyone must pay. (I think some government employees are exempt. But I am unsure.)You pay a portion and your employer pays a portion. If you are self employed, you pay both portions. Although the Social Security program has run at a surplus for quite sometime, the government has used the money for other things and replaced it with bonds. Also, the Baby Boomer generation (people born from 1948-1960 in the US) are now reaching retirement. So I do not believe the Social Security program is running at an excess anymore. If it is, it won't be for long unless they lessen the benefits or raise the tax. You can begin to collect social security at age 62, but your benefit will be reduced.. You can wait to get the full benefit at a certain age. the exact age and penalty for early retirement depends on when you were born. the chart can be found, here. https://www.ssa.gov/planners/retire/agereduction.html