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Page 1760 of 2108

First

760 1260 1560 1660 1710 1740 1750 1755 1756 1757 1758 1759 1760 1761 1762 1763 1764 1765 1770 1780 1810 1860 1960

Last

04-18-2021 , 11:46 AM

#43976

onemoretimes

Pooh-Bah

Join Date: Sep 2012 Posts: 3,535

Quote:

Originally Posted by tgiggity

Sold 75% of my btc @ 56.1k and all of my eth @ 2200. Now wtf do I buy with all this useless fiat?

Never go full ****** and sell all your crypto.

Once you sell, you realize why you should HODL.

Quote

04-18-2021 , 11:47 AM

#43977

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 49,729

Quote:

Originally Posted by Didace

You don't think this is true?
To be fair, the tweet is also correct in that's how banks work.

Not your keys, not your coins. I just don't think the piece matters.

Quote

04-18-2021 , 12:29 PM

#43978

TheGodson

veteran

Join Date: Mar 2013 Posts: 3,068

Wait, so let me get this right. The reserve ratio is at 0% which basically means banks can loan out infinite money right? I mean, I always knew the federal reserve could do this, but I had no idea that the banks were at 0%. Am I understanding this correctly?

https://www.federalreserve.gov/monet...reservereq.htm

Quote

04-18-2021 , 12:37 PM

#43979

tgiggity

Pooh-Bah

Join Date: Oct 2016 Posts: 5,782

Quote:

Originally Posted by onemoretimes

Never go full ****** and sell all your crypto.

Once you sell, you realize why you should HODL.

Was planning this sell for a while. Learned my lesson from 2017. Now I've taken enough profit to feel financially secure and still have 6 figures to play with in crypto.

GL to everyone still 95%+

Interesting how ETC and DOGE are weathering the drawdown better than almost anything. Retail not selling as much ?

Quote

04-18-2021 , 12:41 PM

#43980

ZodiacalRelease

banned

Join Date: Mar 2021 Posts: 198

Quote:

Originally Posted by tgiggity

Sold 75% of my btc @ 56.1k and all of my eth @ 2200. Now wtf do I buy with all this useless fiat?

You didn't buy stocks of companies who have BTC on their balance sheet, physical gold, and physical silver?

Quote

04-18-2021 , 12:47 PM

#43981

tgiggity

Pooh-Bah

Join Date: Oct 2016 Posts: 5,782

Quote:

Originally Posted by ZodiacalRelease

You didn't buy stocks of companies who have BTC on their balance sheet, physical gold, and physical silver?

No. Don't see value in any of those.

Quote

04-18-2021 , 12:47 PM

#43982

CoolTimer

adept

Join Date: Feb 2013 Posts: 1,029

Quote:

Originally Posted by tgiggity

Was planning this sell for a while. Learned my lesson from 2017. Now I've taken enough profit to feel financially secure and still have 6 figures to play with in crypto.

GL to everyone still 95%+

Interesting how ETC and DOGE are weathering the drawdown better than almost anything. Retail not selling as much ?

The information assymetry is real.

Quote

04-18-2021 , 01:06 PM

#43983

hansmolman

old hand

Join Date: Sep 2010 Posts: 1,846

Just made by far my biggest bitcoin purchase in terms of cuck bucks. I really wanted to buy a few digital horses, but figured bitcoin is a safer bet.

Quote

04-18-2021 , 01:07 PM

#43984

ZodiacalRelease

banned

Join Date: Mar 2021 Posts: 198

Quote:

Originally Posted by tgiggity

No. Don't see value in any of those.

You get what you deserve.

Quote

04-18-2021 , 01:19 PM

#43985

kekeeke

old hand

Join Date: Apr 2011 Posts: 1,306

Also bought some at 55k

Actually used my credit cards, since my fiat has been frozen for 1 week after a refinance. Banks are a joke. If BTC crashes massively I am selling every single asset I own and going all in.

Quote

04-18-2021 , 01:20 PM

#43986

Dochrohan

Pooh-Bah

Join Date: Jan 2013 Posts: 4,195

This dip allowed for more buying. My fiat thanks me.

Quote

04-18-2021 , 01:31 PM

#43987

ZodiacalRelease

banned

Join Date: Mar 2021 Posts: 198

Quote:

Originally Posted by Dochrohan

This dip allowed for more buying. My fiat thanks me.

You know you can easily and permissionlessly put crypto profits in stablecoins or gold at any time, any day, right?

Quote:

Originally Posted by kekeeke

[insert Denzel Washington .gif from Training Day where he says, "My *****"]

Quote

04-18-2021 , 01:39 PM

#43988

chytry

Pooh-Bah

Join Date: Feb 2010 Posts: 4,334

Quote:

Originally Posted by housenuts

'If that's the case, every dollar of your fiat balance in a bank is also an IOU.'

Yes, it is.

Is this something these 'future of finance' geniuses don't know?
Never heard of government deposit guarantees either?

Quote

04-18-2021 , 01:46 PM

#43989

tgiggity

Pooh-Bah

Join Date: Oct 2016 Posts: 5,782

Quote:

Originally Posted by ZodiacalRelease

You get what you deserve.

I figured it was just dumb luck that allowed me to 10x my networth in a year, but it is more fun to think I deserved it

Quote

04-18-2021 , 02:00 PM

#43990

martenJ

veteran

Join Date: Jul 2006 Posts: 2,283

sick humblebrag that you went from 1k to 10k

Quote

04-18-2021 , 02:17 PM

#43991

tgiggity

Pooh-Bah

Join Date: Oct 2016 Posts: 5,782

Lol, knew I shouldn't reply to a troll

Quote

04-18-2021 , 02:29 PM

#43992

CoolTimer

adept

Join Date: Feb 2013 Posts: 1,029

Everybody sells Bitcoin at the price they deserve.

Quote

04-18-2021 , 03:28 PM

#43993

ZodiacalRelease

banned

Join Date: Mar 2021 Posts: 198

Quote:

Originally Posted by tgiggity

I figured it was just dumb luck that allowed me to 10x my networth in a year, but it is more fun to think I deserved it

We are all killing it in this market.

It's about wealth preservation for us more than gain maximization.

Quote:

Originally Posted by CoolTimer

Everybody sells Bitcoin at the price they deserve.

Well-said.

If you have solid income -- i.e., are not reliant on crypto gaining to sustain your standard of living -- then it is the most reckless thing in the world to simply not auto-buy X amount of BTC every 2 weeks for the next 10 years or what have you.

Never sell. Then live off the interest.

ezgame

Last edited by ZodiacalRelease; 04-18-2021 at 03:33 PM.

Quote

04-18-2021 , 03:54 PM

#43994

tgiggity

Pooh-Bah

Join Date: Oct 2016 Posts: 5,782

Quote:

Originally Posted by ZodiacalRelease

We are all killing it in this market.

It's about wealth preservation for us more than gain maximization.

That's where we see things differently. I see crypto as a vehicle for gain maximization, not wealth preservation.

Quote

04-18-2021 , 04:18 PM

#43995

ZodiacalRelease

banned

Join Date: Mar 2021 Posts: 198

Quote:

Originally Posted by tgiggity

That's where we see things differently. I see crypto as a vehicle for gain maximization, not wealth preservation.

I mean, I'm putting my whole life into crypto, so...

I see it as inevitable. It's not even an option.

I don't really care about money, though. To me money is a tool, wealth is a tool for:

- Health
- Family
- Community
- Self-sufficiency

That's why I pretty much save everything. I grew up lower middle-class. I grew up in the ghetto. So whatever. I love that Vitalik makes it a game to find the cheapest hotel to stay in when he travels. I don't like consuming. Because, for me, my intention is to leave anywhere I am at better than it was when I left it. So the more I consume, the more I must give.

Quote

04-18-2021 , 04:22 PM

#43996

Dochrohan

Pooh-Bah

Join Date: Jan 2013 Posts: 4,195

Quote:

Originally Posted by ZodiacalRelease

I don't like this statement. "I don't really care about money" but, you clearly want it or need it. So what is it, you don't care or you do? Everyone cares in some regards about money.

Quit using this to make it sound like you're that rarity that doesn't. We all do.

Quote

04-18-2021 , 04:26 PM

#43997

ZodiacalRelease

banned

Join Date: Mar 2021 Posts: 198

Quote:

Originally Posted by Dochrohan

It means money motivates me only insofar as it grants me health, family, community and self-sufficiency.

I see a lot of hoarders amongst wealthy people and I think it leads to an imbalanced life.

How often do you hear great businessmen talk about their families? I mean, how often do you hear *their family's perspective* on the demands the ambitions of their patriarch had on the family? You think Elon Musk is some great family man?

I'm speaking my mind. What makes you think I care what I sound like? I don't know anyone on this forum. I don't care what you think of me. Isn't that obvious by now?

Quote

04-18-2021 , 04:28 PM

#43998

Dochrohan

Pooh-Bah

Join Date: Jan 2013 Posts: 4,195

Quote:

Originally Posted by ZodiacalRelease

Well to me it looked as if you wanted to portray you're not as douchey as you come off sometimes. And you wanted us to know you have some moral journey that makes your behavior justified.

Odd, but, you do you.