There are some scary people here. I often wonder what roach is like in real life...
Happy-go-lucky, skipping along to Uncle Remus every day.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16118. (Read 26708640 times)
October 26, 2017, 10:13:04 PM
Happy-go-lucky, skipping along to Uncle Remus every day.
October 26, 2017, 10:08:59 PM
I think I am passed the point where I could sell my stash. The thought of not owning btc is horrible.
I think a 60-75% sell off is not too extreme. My real goal would be to be able to buy property etc with bitcoin in my area.
Although you guys can do what you want, I would really encourage you to think differently. First, selling even a half million $$ worth of bitcoin would incur a HUGE tax penalty right off the top. You took all the risk with your own money, so why would you give your tax agency 40% of all of your gains? It's free money you just gave them.
Secondly, yearly inflation is way higher than most govt's published figures. In the U.S. the actually yearly inflation rate is probably between 6-7%, with spikes in certain goods and services upwards of 9-10%/year. And inflation is rising globally and will continue to get worse and worse. And citizens' wages will continue to stay flat or even go down in the coming decades.
Bottom line, $500K fiat in 2020 will be only worth about $250K of purchasing power in 2035. So holding large amounts of fiat is ill advised. You want your purchasing power to stay flat or increase over time, not decrease. Holding bitcoin long term will beat the snot out of future inflation. Personally for me there is no "exit strategy", I will continue to buy and hold as long as Bitcoin is around, and only spend what I need to live day-to-day, month-to-month, etc.
And if you want to own a house or land, it would be smarter to only liquidate enough bitcoin for a sizable down payment, and then get a really good low fixed rate 30yr loan for the rest. Bitcoin's yearly returns would handily beat, actually crush any 3-4% yearly interest on the loan. Plus both the house/land AND your left over bitcoin would both be increasing in value relative to fiat while you were still making loan payments.
Interesting.
Totally makes sense to be honest that.
Personally I would rather not give any money to the banks even if it doesn't make economical sense. I when I reach my sell of point, the first thing I will do is pay of all debts.
October 26, 2017, 09:59:28 PM
Burroughs is in Tangiers I don’t think he’ll come back it’s sinister.
October 26, 2017, 09:54:02 PM
It looks to me like the idea of "seasteads" is to get together among rich people and not pay taxes to a state, but instead pay for everything (defense, law enforcement, etc.). So you'd end up with two classes of people, the rich, and the people who work for the rich.
Yes, because when everything is blockchain based, only the rich benefit.
Better get rid of your bitcoin now because it's just something for rich people to not pay taxes. Only the rich can use a currency that the government doesn't distribute. It already costs over $5k, only a rich person can afford that.
I guess I should tell the many socialists working on this that their expectations of helping the environment and having self sustaining design, closed loop food systems, renewable energy, recycling systems, a solution for refugees, coral development, etc. is just going to benefit the rich.
A seastead will be a tiny speck on an ocean that is twice the size of all the countries in the world combined. Yet people will still be pissed off if there are rich people out in middle of nowhere being
The blockchain is not miraculous, it's a technology, it won't solve humankind's problems. And yes, greed is one of our problems. I don't pretend to be immune to it. I used to support communist ideals, but nowadays, I've become cynical, I don't see any way for such ideals to come about aside from being governed by some kind of benevolent AI.
Here is what is going to happen. A lot of people are going to die. After that, we may be able to build something better. But first people need to die.
Anybody here wonder how long before Ibian opens fire on a crowd of innocents and Torque calls it a false flag?
But no, I don't need to do anything. It's unavoidable. I'm just observing for now, and preparing for what's coming.
October 26, 2017, 09:51:45 PM
Coincidentally, here is a recent vid on the topic: https://www.youtube.com/watch?v=-CETiBe9X7g
October 26, 2017, 09:45:22 PM
It looks to me like the idea of "seasteads" is to get together among rich people and not pay taxes to a state, but instead pay for everything (defense, law enforcement, etc.). So you'd end up with two classes of people, the rich, and the people who work for the rich.
Yes, because when everything is blockchain based, only the rich benefit.
Better get rid of your bitcoin now because it's just something for rich people to not pay taxes. Only the rich can use a currency that the government doesn't distribute. It already costs over $5k, only a rich person can afford that.
I guess I should tell the many socialists working on this that their expectations of helping the environment and having self sustaining design, closed loop food systems, renewable energy, recycling systems, a solution for refugees, coral development, etc. is just going to benefit the rich.
A seastead will be a tiny speck on an ocean that is twice the size of all the countries in the world combined. Yet people will still be pissed off if there are rich people out in middle of nowhere being
The blockchain is not miraculous, it's a technology, it won't solve humankind's problems. And yes, greed is one of our problems. I don't pretend to be immune to it. I used to support communist ideals, but nowadays, I've become cynical, I don't see any way for such ideals to come about aside from being governed by some kind of benevolent AI.
Here is what is going to happen. A lot of people are going to die. After that, we may be able to build something better. But first people need to die.
Anybody here wonder how long before Ibian opens fire on a crowd of innocents and Torque calls it a false flag?
lol
There are some scary people here. I often wonder what roach is like in real life...
It would be cool if we could somehow all post an anonymous self portrait and then have a game where we try to match the picture to the username by voting.
October 26, 2017, 09:36:28 PM
It looks to me like the idea of "seasteads" is to get together among rich people and not pay taxes to a state, but instead pay for everything (defense, law enforcement, etc.). So you'd end up with two classes of people, the rich, and the people who work for the rich.
Yes, because when everything is blockchain based, only the rich benefit.
Better get rid of your bitcoin now because it's just something for rich people to not pay taxes. Only the rich can use a currency that the government doesn't distribute. It already costs over $5k, only a rich person can afford that.
I guess I should tell the many socialists working on this that their expectations of helping the environment and having self sustaining design, closed loop food systems, renewable energy, recycling systems, a solution for refugees, coral development, etc. is just going to benefit the rich.
A seastead will be a tiny speck on an ocean that is twice the size of all the countries in the world combined. Yet people will still be pissed off if there are rich people out in middle of nowhere being
The blockchain is not miraculous, it's a technology, it won't solve humankind's problems. And yes, greed is one of our problems. I don't pretend to be immune to it. I used to support communist ideals, but nowadays, I've become cynical, I don't see any way for such ideals to come about aside from being governed by some kind of benevolent AI.
Here is what is going to happen. A lot of people are going to die. After that, we may be able to build something better. But first people need to die.
Anybody here wonder how long before Ibian opens fire on a crowd of innocents and Torque calls it a false flag?
October 26, 2017, 09:19:41 PM
October 26, 2017, 08:39:10 PM
I used to support communist ideals, but nowadays, I've become cynical, I don't see anyway for such ideals to come about aside from being governed by some kind of benevolent AI.
Those who are not liberal when they are young have no soul. Those who do not become conservative as they age have no brain.
October 26, 2017, 08:37:12 PM
It looks to me like the idea of "seasteads" is to get together among rich people and not pay taxes to a state, but instead pay for everything (defense, law enforcement, etc.). So you'd end up with two classes of people, the rich, and the people who work for the rich.
Yes, because when everything is blockchain based, only the rich benefit.
Better get rid of your bitcoin now because it's just something for rich people to not pay taxes. Only the rich can use a currency that the government doesn't distribute. It already costs over $5k, only a rich person can afford that.
I guess I should tell the many socialists working on this that their expectations of helping the environment and having self sustaining design, closed loop food systems, renewable energy, recycling systems, a solution for refugees, coral development, etc. is just going to benefit the rich.
A seastead will be a tiny speck on an ocean that is twice the size of all the countries in the world combined. Yet people will still be pissed off if there are rich people out in middle of nowhere being
The blockchain is not miraculous, it's a technology, it won't solve humankind's problems. And yes, greed is one of our problems. I don't pretend to be immune to it. I used to support communist ideals, but nowadays, I've become cynical, I don't see any way for such ideals to come about aside from being governed by some kind of benevolent AI.
Here is what is going to happen. A lot of people are going to die. After that, we may be able to build something better. But first people need to die.
October 26, 2017, 08:33:23 PM
I happen to find this video somewhat unsettling...
https://www.youtube.com/watch?v=EETf0LLNk0I#t=1h20m21s
https://www.youtube.com/watch?v=EETf0LLNk0I#t=1h20m21s
Robot to the man : How do you know you're a human ?
Ah ah...
October 26, 2017, 08:07:04 PM
Quote
*Unless a change in POW helps to equalize mining power by making costs harder to scale.
...Your apparent belief that a change in PoW will make any difference in centralization is unpersuasive. No matter the technology, mining power will coalesce to those that possess the financial resources, the BizOps acumen, and most importantly the persistence and pain tolerance needed for entrepreneurship on a grand scale.I don't believe this is true. If somehow PoW can be tied to a smartphone for "one phone one vote", those who have financial resources can screw themselves against the brute force of several billion smartphone users.
Just No. Those that have the resources will run hundreds of android emulator VMs on each of hundreds of servers, and we'll be right back with the same centralization problem we have today.
October 26, 2017, 07:19:56 PM
Guys I am a bit worried...
Boris Becker, after having lost all his money with Nigerian scammers is now talking about bitcoin
Time to sell?
(He retweeted 25th Oct)
https://twitter.com/TheBorisBecker?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
Boris Becker, after having lost all his money with Nigerian scammers is now talking about bitcoin
Time to sell?
(He retweeted 25th Oct)
https://twitter.com/TheBorisBecker?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
Are you guys worried that some celebrity normies are getting involved in Bitcoin? You shouldn't be worried, you should be excited. We WANT them to get involved... all of them... we want every man, woman, and child to get involved. And their children's children. That is the whole point.
And Boris Becker... well I don't think he'll be buying much bitcoin anyway since he's bankrupt.
October 26, 2017, 07:17:10 PM
I used to support communist ideals, but nowadays, I've become cynical, I don't see anyway for such ideals to come about aside from being governed by some kind of benevolent AI.
Those who are not liberal when they are young have no soul. Those who do not become conservative as they age have no brain.
Since I'm French and know what liberalism means, I'd say I've become liberal, not the other way around. I can't understand how you misuse the word in the US, Democrats want to regulate everything, there is nothing liberal about that.
Here in the U.S., Libertarian is probably the more equivalent to the French liberalism then.
Libertarian <> Liberal
I used to support communist ideals, but nowadays, I've become cynical, I don't see anyway for such ideals to come about aside from being governed by some kind of benevolent AI.
I happen to find this video somewhat unsettling...
https://www.youtube.com/watch?v=EETf0LLNk0I#t=1h20m21s
October 26, 2017, 07:15:56 PM
Since I'm French and know what liberalism means, I'd say I've become liberal, not the other way around. I can't understand how you misuse the word in the US, Democrats want to regulate everything, there is nothing liberal about that.
indeed, I agree that the language has become corrupted
October 26, 2017, 07:14:03 PM
It'll be $4.5k i think then 7k next stop
why do you think so?
October 26, 2017, 06:58:00 PM
It'll be $4.5k i think then 7k next stop
October 26, 2017, 06:54:02 PM
I rather be a Bitcoin millionair then converting it all back into fiat 
you mean have a million bitcoins?Nobody is going to have a million bitcoin’s except maybe Satoshi & I’m not sure he even has that many. He means holding over 1 million USD in bitcoin.
Yes, and these days it only takes a bit more than 167 bitcoins in order to have $1million. Remember back in the good ole days (well, 2016, no?), when bitcoin was $1k? Back in those "good ole days" you needed to have 1,000 bitcoins in order to have million dollar bitcoin stature.
But btcbeliever has a point. One way for Bitcoin to really go up is for it to become more of a real currency.
If I had 900 000 euros I wouldn't say I was an euro millionaire because that's worth more than 1 million USD !
The million dollars value is a frame of reference, but I think that the topic of "real currency" is different.
I think that there has been considerable recognition in recent months that bitcoin can still have a whole hell of a lot of value, even if it does not reach currency status and only reaches store of value usage, at least in the short term.
In any event, some folks like to poo poo the purported store of value use case - but it is not insignificant - and bitcoin can go a long fucking way, merely on storage of value - and NO need to worry, either because the more storage of value that bitcoin achieves, then the more that a lot of other use cases are going to evolve from that - whether level 1 use cases or level 2 or level 3.
October 26, 2017, 06:41:36 PM
I rather be a Bitcoin millionair then converting it all back into fiat
you mean have a million bitcoins?Nobody is going to have a million bitcoin’s except maybe Satoshi & I’m not sure he even has that many. He means holding over 1 million USD in bitcoin.
Yes, and these days it only takes a bit more than 167 bitcoins in order to have $1million. Remember back in the good ole days (well, 2016, no?), when bitcoin was $1k? Back in those "good ole days" you needed to have 1,000 bitcoins in order to have million dollar bitcoin stature.
But btcbeliever has a point. One way for Bitcoin to really go up is for it to become more of a real currency.
If I had 900 000 euros I wouldn't say I was an euro millionaire because that's worth more than 1 million USD !
October 26, 2017, 06:38:53 PM
I used to support communist ideals, but nowadays, I've become cynical, I don't see anyway for such ideals to come about aside from being governed by some kind of benevolent AI.
Those who are not liberal when they are young have no soul. Those who do not become conservative as they age have no brain.
Since I'm French and know what liberalism means, I'd say I've become liberal, not the other way around. I can't understand how you misuse the word in the US, Democrats want to regulate everything, there is nothing liberal about that.
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