Maybe boasting about one's crypto wealth is not such a bright idea after all?
Although I am worried as well.
Someone finds out you or a family member have a few dozen thousands in some wallet, that would be enough for them to take your key from you by force, because that is way easier than robbing a bank.
One of the risks of being your own bank... and then yeah, the more people know about bitcoin, they can kidnap almost anyone and then get them to send bitcoin, even if the person does not have bitcoin, they might be inspired to get bitcoin if they are being threatened with the death of a loved one.
https://www.zerohedge.com/crypto/new-era-itcoin-backed-monetary-systemwelcome to the new monetary system based on btc (seems a serious study.)
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"July 2024 – Trump Privately Refers to Bitcoin as “The New Oil”: In a private conversation leaked to the media (but not covered by the mainstream media), former President Donald Trump described Bitcoin as “the New Oil,” signaling a potential shift in U.S. policy toward digital assets. The statement suggests a recognition of Bitcoin’s growing role as a strategic asset in the global financial system."
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your take on this ?
Old news.
In my country most Bitcoin illiterate believes that adding BTC to your know it's. Sign of respect and wealth
Because of the price.
If someone is found wearing such a shirt, They would take it casual.
They are moved by the luxury they see not one in your wallet (If most even know what that is).
If I ever see someone flexing their wealth, be it bitcoin or anything else, my first thought is "what an asshole."
That's why "we" cannot have nice things.
Maybe boasting about one's crypto wealth is not such a bright idea after all?
Although I am worried as well.
Someone finds out you or a family member have a few dozen thousands in some wallet, that would be enough for them to take your key from you by force, because that is way easier than robbing a bank.
Interesting you mentioned this. I was about to go out to do my shopping and had on an old teeshirt I bought years ago that has BITCOIN and the logo splashed all across the front.
And then I was like "ok wait, I better change my teeshirt. Maybe ten years ago cool... today? No way. I don't need to advertise to that dude with the 5$ wrench."
i had Trezor stickers on my daily drivers for a while back in the day. now lol sorry no
dont wear my bitcoin tshirts out anymore either but now with "crypto-prez" pushing it maybe all the cool peeps are gonna wear them now? maybe ill start wearing my OG tshirts again
It does help to have some plausible deniability if others are wearing such paraphernalia.
"I was just wearing such t-shirt, hat and underwear to be cool like dose dee udder peeps."
@sminston_with
Smitty's Bitcoin Retirement Guide: e-Book Edition 📙
[...]
XSo, according to this analysis, any coiner from 5 to 75 years old with 10 BTC can retire right now and live for the rest of their life by spending $100k / year (excluding taxes).
Sounds very promising. Will make many wonder why they are still employed...
I knew that there was something a wee bit imprecise about the retirement projections, but I just could not put a finger on it.
there certainly where no weekend-pumps
@El duderino_ let's have a nap until next weekend pump 😴
Good night Duderino
trolling dee dude in his HODL sleep.
What did dee dude do to you?
Show me where he touched you?
A little retarded to not know where a guy stands in regards to due process rights. We should all be worried if alleged "criminals" can just be wisked away and taken to other countries without notice and/or a right to a hearing.
We are well on our way 👀
The 21 Steps to creating a Bitcoin-backed financial system.
XCited for view-ability
[edited out]
Fancy...but easy to summarize: no matter what is your age, if you have about 10 bitcoins, you may retire or not work (as retiring at age 5 or 15 seems strange).
EDIT ..and @AlcoHODL already said essentially the same
before me, I just didn't notice at first, sorry.
As of today, I consider
17.166 BTC to be the threshold starting point today for earning an annual income of $80k in perpetuity, yet it may well take a bit of decently good BTC portfolio management to execute such a sustainable withdrawal without screwing it up... so then yeah, younger people might not need very much income until they have to support themselves, so it seems a bit unrealistic to be considering those who are less than 18 years old as retiring (and/or supporting themselves) prior to age of majority 18 years or whatever that might be depending on location/jurisdiction.
The gold re-evaluation thing as an accounting trick (without actually selling any), I saw it mentioned first just before Orange Man took office. I think it was Hayes's blog - one of my preferred sources for bitcoin relevant macro analysis - but I wouldn't bet my family jewels on that. At any rate, it's not a new idea, as it's been mentioned several times after Biden went to sleep.
In fact, I think that minerals that are naturally derived and have value are the real and reliable assets. Those that will never bankrupt you. The value of man-made assets (dollars, euros, dirhams, etc.) is determined by comparing them. This rule isn't applies to cryptocurrencies. They are completely operated in a free market system. It can make you very rich or very poor.
So shouldn't we invest in any other currency, including Bitcoin?
If we compare the price of gold with some cryptos, we will see,,
In 2011, the price of gold per ounce was about $ 1800, which is worth $ 3350 in the current market.
Again, in 2011, 300 Bitcoins (at an average price of $6) could be purchased for $1,800, with a current market value of $28,650,000.
So, the capital of those who hoarded gold from 2011-2025 is 1.86 times the amount of money they hoarded.
And the capital of those who hoarded Bitcoin is 15,916.6 times the amount they hoarded.
[Note: The prices taken are not exactly flat rates]
From the above, it can be seen that those who hoarded Bitcoin from 2011 to 2025 made a lot of profit in terms of investment, which is many times higher than the profit on gold hoarding.
But hoarding Bitcoin was a risky business, which was not the case with gold.
What do you think is the best investment?
Bitcoin or mineral resources (Gold).
You sound a bit lost to be asking such a question. Bitcoin is about 1,000x better than gold, even though it could take 50-200 years to play out. Bitcoin is currently priced a little less than 1/10 of gold (in terms of market cap).
Bitcoin has been eating gold's lunch for the past 13 plus years (I like to start bitcoin's price from the beginning of 2012. It was $5 at that time).
Bitcoin will continue to eat gold's lunch in the coming years, even if in the past 6 months or so, gold has been having a bit of a renaissance in its price-performance.
Today is the birthday of the Bitcoin legend who first bought a pizza with Bitcoin, that is he bought pizza with the first 10,000 bitcoins. We are celebrating this man's 69th birthday, even he was even born in 1956. I think he was one of the rare people who believed in the potential of Bitcoin from the very beginning.
A true legend
You are getting your Hals and your Lazlos mixed up.
Edit: I see Merit.s set the record straight.
Buy, but don't flaunt it,
Because a 5-dollar wrench,
Is painfully cheap!
#7wodigestsundayhaikus
Spending painfully cheap time is now a dream for us. We can't go back to our childhood in the same way.
Now We can hold $200k into our imagination and into our practical reasoning.
Time is eating away at our lives but how far are we yet in committing to Bitcoin accumulation?
The conditions for not holding will not accept any excuses. The future will not forgive us.
You have only been registered on the forum for slightly more than a year cxtreenal.. so I am not sure what you are talking about holding. You think that you have enough coins.
Many folks in these here parts spent a good cycle or more accumulating bitcoin before starting to rest on their laurels.
Of course front loading is possible, yet I have a hard time imagining any guys being able to meaningfully accumulate enough or more than enough of a BTC stash in less than a whole cycle without significant front loading of their stash. So you seem to be in a wrong mindset if you think that you have enough BTC cxtreenal.
But hey. You know your own stash size and situation way better than this here cat who ONLY had been able to glance at your forum registration date.. and to attempt to surmise from that kind of a data point..
Boring weekend of price action. Hopefully it’s the calm before the storm. Maybe we have one little dip to successfully retest $90,000 but I really hope and actually expect to see upwards price trajectory soon.
This is not a joke any more, sub $100,000 Bitcoin is stupidly cheap. We are entering May now, I want to see a significant move soon.
I'm going to just say that I think that your lack of flexibility is not healthy sometimes... .even though sure, I already know it seems to be your personality.. but still... the 4-year fractals are not guaranteed, even though they have been playing out pretty well, so far, in bitcoin's history.
...Rgr that Phil. Au and BTC for the wins.
Gold is not necessary... except maybe if you cannot help yourself and/or you are already used to fucking around with that old shiny rock, then less than 10% of the size of the stash of your bitcoin might be o.k. to keep in gold, and perhaps having gold as less than 5% of your BTC stash would even be better. I still think zero gold is o.k. as long as you have a bitcoin strategy.. .and yeah, even Armageddon scenarios, there could maybe be some uses for gold.. perhaps ? perhaps? I doubt it but you perhaps?
Poll
