Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8965. (Read 26609929 times)

Sorry currently out of sendables

But looks good

Will merit later if not forget

Nothing worse than a convert.

I did the art thing



https://bitcointalksearch.org/topic/m.53042377

I gather that you are referring to this one.



Surely, I do not disagree with you, and on a personal level, people tend to get fucked with their consumer debt and credit card debt, so yeah, that is one of the first things that should be paid off.  I completely agree.

On the other hand, there are peeps who get way the fuck better rates because they know how to play the system and also to get negative rates, which also might mean that they could take out a loan and even invest into something that is not exactly a money maker, and still come out ahead because they borrowed at negative interest rates.

Smucks on the street are not going to get those kinds of rates, and are likely going to continue to pay 18%  or higher because either they do not know better or they otherwise have not figured out better ways to play the system to their own advantage, which also might well involve building up their own credit in order to be able to better work the system to their own long term (rather than short term (aka gratification) feelings of) advantage.

Depends upon where you are in life, and I likely would NOT have gotten as far as I have in life (financially) were it not for my abilities to borrow money, even though I tend to use debt strategically, and I hardly ever pay interest on any credit cards for my nearly 40 years of using them to my advantage.


Of course they can.  One of the ways is with a Cantillon effect, but there are also more common sense ways of just being able to figure out ways to profit from more options that are available and to take advantage of those options without gambling.... like free money.. and free money can add up if it is used in an effective way.

There can be exponential growth with any kinds of interest, if you play the system to your advantage and stack your money sooner and engage in delayed gratification and living within your means rather than living beyond your means.


I will grant that some people have more options than others, but anyone can figure out what options that s/he has and to attempt to maximize benefits for him/herself in order to expand available options.

On the other hand, if peeps act irresponsibly all of their lives and gamble all of their lives then they are likely never able to build enough bridges, structure and foundation in their lives in order to really get ahead and to get out of the ratt race.

In other words, I am suggesting that these tools are NOT exclusive to the rich, even if they have more tools at their disposal, and I also would not suggest that the rich are going to stay rich if they don't engage in their own prudence, because sometimes even the rich are so fucking deluded into consumption thinking that they end up squandering their opportunities and spending fortunes to go from being rich to being poor.

Is this a straw man?


Why you upset with peeps suggesting HODL?





You know what corn is for better than anyone else?

I thought that one of the things about corn is that you can decide however, you like, and there is no one stop shopping.  Everyone can decide for him/her/itself whether or not to use his/her/its corn.



Let's clone nutildah and make this world a better place.   


 



Even drunks can decide what to do with their corn (or not), too, right?

Sometimes we need some drunks in order to teach them a lesson about not getting drunk too much, but sometimes with any addiction, the drunk does not even actually realize how much daño s/he/it is causing to him/her/itself... so continues to repeat the self-afflicting behaviors.

...

JJG (yr comment 508059)

By nature I am a debt-averse guy.  I also believe (big-time) in diversification.

The big institutions can indeed take advantage of ZIRP and maybe even NIRP, but no one will not pay me to borrow their money.  Perhaps some of the very rich or well connected can take advantage of this environment to borrow.

But, I doubt that most of us are in that small club.

I think that you should get out, and start living.  That is a great idea.  Each of us only has one life, and of course, bitcoin could die too... in a kind of mining death spiral.  That could actually happen.   Write back and let us know how much fun that you had in the coming year or two.  Taaaa taaaa....

You have that right, here's some links for peops that don't know what your talking about.


https://www.investopedia.com/articles/optioninvestor/09/naked-short-selling.asp

https://www.investopedia.com/terms/r/rehypothecation.asp

I largely agree with, especially when referring to exorbitant consumer debt rates that individuals are dumb enough to get into.

On the other hand, aren't the banks (and Govts) trying to make debt "great again"?   If you can get close to the issuance of the debt, then you can get negative rates... or damned close to it, which seems to encourage irresponsible behaviors on the institutional level that is motivated by rational thinking based on low interest (or negative) rates that incentivize borrowing the fuck out of everything because you know that you have to pay back way less tomorrow than you had borrowed today.... Therefore, as a BIGGER institution, I am going to play that kind of debt and even perhaps act irresponsible (even though on an individual level, that kind of behavior - especially when dealing with consumption rather than investment is not likely to play out too well).

Congrats LFC you earned a drink for this victory

Bitcoin does and will always outpreform S&P 500, except in the year of retracing. After the ATH, so 2014, 2018 and 2022/2023.

still paying off on the girl's titties?

eat my shorts man

I am just thinking of a scenario where wales decide to get out before halving and the price drops that much that mining is not worth it anymore and bitcoin dies. Not sure if I should get out at these prices and start living...

I would agree with those pros, at least in this case.  

Further, I think that BTC will outperform equities which will outperform bonds which will outperform housing.  

Our lil ol family has just enough housing we own, and I think bonds may WAY underperform (as at some point interest rates will go up).

Chainalysis did not put gold as one of their choices I would note...  



EDIT:  Nor did Chainalysis mention that paying down DEBT is an investment too (where else are you going to "get" a savings of up to 18% (interest on credit card debt) that you would not pay in the future by unburdening yourself of credit card debt).  Debt is a killer if unwary.

EDIT 2:  Not an expert in much of the above.  Note that I have been wrong all three times I have participated in infofront's polls...

10K.....

We will go K by K

Just saw that bump up.  Just over $9000 (preev.com) moments ago.

Wonder what's up?

The adoption will be massive in a very short time, since 50% of financial professionals believe that Bitcoin will surpass S&P 500 in 2020



Source: https://www.coinness.com/news/455282