Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 9654. (Read 26608330 times)

Be safe...

FSD is their terminology, not mine:
https://www.tesla.com/model3/design#autopilot


https://www.theverge.com/2019/2/28/18245370/tesla-autopilot-full-self-driving-musk-2019

it's just marketing lingo. Most people get it, but they should not have been able to use this language.
I would suggest that several times out of a 100 Tesla would go under a truck IF that truck has a picture of a 'sky with clouds' or a picture of a high bridge on the truck's side.

To add something related to btc:

If btc will rise another 20-100X, this article might show where bitcoiners will get their cash without necessarily selling:
https://www.latimes.com/business/story/2019-07-31/art-secured-loans

With bitcoin at $1 mil, it would probably be quite safe to borrow against it at, say, 30K/btc. Loan secured by btc (treating btc almost as a collectible).
That, and maybe lending part of OGs stash out will become standard. The second path is more risky, but more lucrative for the cash flow.

It’s not full self driving - you have to keep your hands on the wheel

I am driving 1,200 miles over the next two days. I would like autopilot.  

Looks like they just need some public toilets.  Of course San Fran is poor like India so you can understand why they can t afford to.

HODLsleep WO’s

Good “5” dig night bro’s

Tesla advertises their system as FSD (full self driving), which to me is BS.
They paid up for almost identical 2016 incident and will pay up for this one as well.
For me: I decided to stay away from Tesla. Too little car for too much moola. I was never interested in FSD.

In fact it's a driving assist. Many people don't get this and rather see it like autocruise on the ncc 1701 - uss enterprise.
mr. spock, u there?  

Any product that can move two tons of mass at 70mph for 200 miles is going to react poorly to being shot by a high power firearm. And mistakes happen all the time with regular cars, we have simply learned to accept and balance the risk.

As for autopilot, just like in a plane the pilot has final responsibility for the aircraft. The driver has final responsibility for the car. Power steering and power brakes make the job easier but if you can't stop the car without either you should not be driving. Same with autopilot.

That tesla driver's family should pay for the damage to the truck and the cost of mopping up the blood.

Maybe he could rent it out at $10K/mo as a 'cozy', but nice place for incontinent deep thinkers in San Fransisco, because SF is sans public toilets..

One good thing about bitcoin is that it is very liquid, as compared with some other kinds of assets.  One bad thing is that it is volatile.  Another bad thing is that it does not necessarily earn interests on its own, but if you feel sufficiently confident that you have enough BTC, you can start to cash out of it in order to maintain your passive income lifestyle.  So if you believe that $1million is the minimum amount to accomplish that passive income life style, then you have to make sure that you have at least that amount at any point that you are cashing out.. so for example if the BTC bottom is $5k, then you would need to have at least 200 coins to be able to cash out your 4% per year or your $3,333 per month.

Of course, if you have higher standards of living then you need more coins and/or for the bottom price to be higher.  Each person should be able to determine his/her own level of comfort, and like you guys are saying there are also going to be some objective societal standards too that will vary depending upon what kinds of social circles you are rubbing elbows.

Pretty much true, that if you have a $million in assets, you can draw about $3,333 per month of passive income with those kinds of assets (the amount is $1million x 4% = $40k/ 12) , and $2million would be a bit better and would give you $6,666 per month and actually some additional cushion.  Surely it is not filthy rich, but being able to support yourself with pure passive income does mean that you pretty much do not have to work.

Some places, $3,333 per month is going to go a lot further than other places, and surely you should be attempting to live decently below your means in order that you would be able to have and maintain an emergency cushion.

I dunno, Eric Cartman, perhaps.
Or, he will rent it out at $10K/mo as a 'cozy, but nice place for deep thinkers'.

Ah, got it. Solid.

But it's a picture of a brick toilet (shithouse). Who wants to live in a brick shithouse?

Not in Sanfran, but those are (900K-1mil, small, but OK to live in):
https://www.zillow.com/san-francisco-ca/?searchQueryState={%22pagination%22:{},%22mapBounds%22:{%22west%22:-122.5751212973633,%22east%22:-122.29153670263673,%22south%22:37.63662788292032,%22north%22:37.9136954367416},%22usersSearchTerm%22:%22san%20francisco%22,%22regionSelection%22:[{%22regionId%22:20330,%22regionType%22:6}],%22isMapVisible%22:true,%22mapZoom%22:12,%22filterState%22:{%22price%22:{%22min%22:900000,%22max%22:1000000},%22monthlyPayment%22:{%22min%22:3308,%22max%22:3675}},%22isListVisible%22:true}

That's not valid. Here's a much better classification based on Homer Simpson's description of his family as "upper lower middle class" and Lisa's description of her family as "upper lower lower middle class".

https://www.vox.com/2016/9/6/12752476/the-simpsons-homer-middle-class

Why would anyone live in that (overpriced) poo city?


https://www.zerohedge.com/news/2019-04-16/behold-shit-map-mapping-san-franciscos-132562-cases-human-feces

I'd rather live in Spain, good beaches, exotic girls, hot and sunny too... most importantly not overpriced.

I heard that in posh areas of San Fransisco you would be lucky to get this for $1m.

Hopefully you have been dollar cost averaging into bitcoin, bones.  I recall a few years ago you were claiming that you could not really accumulate bitcoin, and you even suggested that your total stash was less than a bitcoin.  Hopefully you have taken meaningful efforts at remedying that situation to increase your BTC holdings to such a level that it is at least more than 1 BTC... but we have other relatively OG members who are also struggling to get to 10 BTC... each of us has to just do what we can do under our own circumstances, so even if we are only able to accumulate .1BTC or some smaller amount, at least we have attempted to take some kind of meaningful position in bitcoin and also to continue to DCA to our ability and to accumulate, too.


Mindrust:  I believe that your starting point, regarding wealth, is starting out a bit too high.

There are people who live paycheck to paycheck and have not accumulated much if any wealth, beyond some mere personal possessions, and there are also a decent number of people who have a negative networth, so in that regard, their debts are greater than their assets, even a decent number of older people are in such a negative networth situation.

Hey, I started investing since I was in highschool, and I had accumulated some lower levels of networth for my first 10 years or so out of highschool, and when I went back to college, I continued to attempt to invest money from interest free student loans and things like that, but I was also investing in myself and my skill sets.  I look back and I was negative networth for several years, even though I was more than 10 years out of highschool and living on my own during that time.  I think that i must have gotten some lucky breaks, because I never really pursued money making avenues, but I did end up landing some decent jobs, too, which magnified my ability to invest and to transition my networth into the positive. 

I know a lot of people who do not even come close to me in terms of their abilities to live within their means and to be frugal and to concentrate on investing ever since I was fresh out of highschool.  Overall, my investments had mediocre returns of in the average of 5.5%, but surely those investments were still there. 

Surely bitcoin provides a great opportunity that was not even close to being present in my youth.  Really figuring out a kind of decent and prudent self-managed investing asset would have really likely caused me to invest in something like bitcoin, but there was nothing really like it.

We know the saying that "you gotta be in it to win it," and surely such a concept is true with bitcoin, and there also has to be some self-control too, to be able to manage the asset, if it becomes a real high portion of you wealth by going up in price 10x or more.

Sorry to barge in, but it is not a valid classification, afaik.
Here is a much better one:

https://www.accountingweb.com/practice/clients/understanding-the-five-categories-of-wealth

Bitcoin OGs are "High Asset, Low Cash Flow" Wealth.
Many/some of them are probably "Under the Radar" category.

Upon btc reaching 100K OGs would probably seek to transition from "High Asset, Low Cash Flow" to "High Asset, High Cash Flow".
Maybe this is when staking coins would surge, or, maybe, this is when OGs would start buying apartments en masse.

Another classification: $1-3 mil affluent; $3-10mil wealthy; above $10mil-rich.
In US in a larger, but not most expensive city, you have to have $3mil minimally to maintain a middle class lifestyle while not working. i guess you can call such person as wealthy enough not to worry about earning a living. Not really rich, though. Ronaldo earns 800K with one instagram endorsement post. Shaq earns 60mil/year by doing commercials. That's a high cash flow, lol.

A $1m is shit nowadays. You need at least $3m to live a modest lifestyle for the rest of your life.

Maybe it could be argued that >$1m net worth is upper upper upper lower middle class, but that's pushing it.