Selling off pretty good the last 12 hours. Curious to see how it behaves nearing 9-10k here.

MUH ROADS! LMAO!!!

Spoken like a true, brain dead, statist goon.
And the "I have more money than you, neener neener neener" is equivalent of "my dad will beat up your dad".

Claims to be a trading/market expert, yet doesn't understand where income tax goes.

Until the CFTC puts an end to this, this cycle will be easy to trade. Not sure if today or Wednesday will be the bottom. If it follows the CBOE pattern it will be Wednesday. Total market manipulation and it's 100% legal (well, probably not technically):

https://pbs.twimg.com/media/DT8xVBhW4AIyZRd.jpg:large

CFE is harder to manipulate the spot price, right? But still easily do-able I guess..

I wish i had enought discipline to stop looking an my portfolio app for a couple of week.

yes good point.

i had a year a few years back where all i did was travel. i had zero income. sold and rebought the same stock to reset the cost basis at a 40k profit and legally paid 0 dollars in taxes.

And herein lies the problem. I *know* I'm not mature/responsible/strong enough to pay the debt in full at the end of each month. Because I know myself, I've had a credit card before. Even with the best of intentions, intending to pay it every month in full, sometimes I didn't. Sometimes I was very late. Sometimes I paid a ton in extra fees and interest.

BFI posters, you are not the average person. It's great that you are completely solvent and able to save money, but most people simply can't do it. And they have an even harder time doing it when they try to get "free money" like you all get every year from being responsible credit card users. Because they **** up, and instead pay money out to the credit card companies.

Like is this even a question? How do you people think these companies stay in business? Giving out free money is their business plan? No, people being awful at managing money is their business plan. You are the exception to the rule.

So anyways, since the whole argument is "What is better for average people?" the answer is NOT having access to easy credit.

Again, this whole corrupt system is based on credit. The banks and the governments are intertwined at this point. The only way to collapse the system is to pay off all your debts and don't create new ones. If you do this, and hodl bitcoin, you will be handsomely rewarded. Whatever you do, don't do what the other guy suggested and run up 15k of debt every 7 years. That would be a disaster, trust me, the consequences would not be good, for anyone, in the long run.

Cliff notes: You shouldn't have access to credit because financially irresponsible people like me can't control themselves.

We should probably shut down all the fast food restaurants and liquor stores while we're at it.

This analyst is predicting $1k-$3k/btc within in a year and touting his gold positions. oy vey. https://www.thesun.co.uk/news/539623...alue-collapse/

I love that the picture used is of a physical (gold?) bitcoin

Also so many great quotes

Well, I get paid my income in BTC as well, so I would theoretically be avoiding both income and capital gains tax, just by paying a 7% fee to an atm operator. Seems to good to be true. Also thought it was hilarious that the btc atm was in a Boost Mobile store. You can grab a new burner phone and get tax free cash all in the same place.

I know exactly where it goes ******. much will go to take care of poors like you. and that OK, its the duty of the rich and successful to support our lessors.

It might be a bit ridiculous, but you can pay your bill everyday easily now on your phone. It might not be an ideal solution but might help in learning to control spending habits.

You can just set it up to pay the balance in full automatically every month.

I think the problem is that he overspends and does not have the full balance every month.

Oh in that case he's right, he shouldn't use credit cards.

Oh ****, contender for aggo post of the year.

So is Poor's common Bitcoin lexicon or did he just out himself as the other guy?

Why? It's pretty easy to just use your credit card for a few purchases a month and keep the rest to cash. You don't need high volume on a credit card to build your reputation.

So stop being impulsive? Why are you impulsive? What's the temptation to use your credit card more than you know is feasible if you already know the consequences of doing that?


So if you know this, why can't you change yourself to benefit from it?

This is obviously false. Your problem is you are irresponsible and don't understand what a liability is and how it can benefit you; or you do and just continue to do the opposite. A lot of average people benefit greatly from credit. Your inability to use it is a personal problem.

This guy who can't even manage a credit card properly has the whole system figured out and the 'solution' is bitcoin...

Debt is one of the cornerstones of finance, both personal and otherwise. Like any valuable thing though, it can be handled irresponsibly and burn you if you don't respect it. Taking your personal flaws and extrapolating them out to all of society is silly. Start looking inward and finding out why you act the way you do instead of looking for the golden ticket that will solve all your problems, or you'll never get anywhere.

The solution *is* bitcoin for me. Not everyone is the same. I was deeply in debt when I first heard about bitcoin. I owed 30k debt. I had no income, no job, no education, and $20 in my pocket. I bought 11 BTC with that. I didn't get rich from that, because I used it to pay back debts as I could get ahold of the people and pay them that I owed.

I'm sorry that you may not like or agree with it, but I simply would not have got out of debt as easily (if ever) if it were not for BTC's saving power. It took me years to pay back those debts.

I'm not opposed to credit, I'm opposed to the average idiot like me getting credit. I had no earnings yet I was able to go deep into debt. Credit should be based on reputation which is earned by being trustworthy. I had no trustworthiness yet was able to get infinite credit. How is that system sustainable?

It's hard to believe these two phrases were in the same post.

You were not able to get infinite credit. And the worse you behaved the less credit you'd be able to get. That's the way the system works. I know because I used to be in your position and got out of it. It took self-honesty, hard work, and discipline. So don't give me that **** about you not being able to do it. You're being lazy, making excuses because you don't want to change. The worst is someone who knows they need to change, knows how to change, still refuses to do it and instead points the finger at other people or blames the 'system.' ****ing nonsense. You deserve everything that happens to you at this point.

When you say the solution *is* bitcoin what you really mean is the solution was an extremely profitable investment. You havent mentioned how the utility and function of bitcoin itself solves much of anything imo.

He left out the part where he purposely defrauded the credit card companies while taking advantage of the services they provided him based on the lies he was telling.

But hes obviously the victim to the system.

One of the core functions of Bitcoin is that it goes to the moon.