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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 29/07/2021, 23:49:37 UTC
What's crypto?  Does it relate to bitcoin, somehow?

Technically, Bitcoin is a cryptocurrency just as technically humans are animals.

I have not really been opposed to the term crypto or cryptocurrency when it is specified what is being talked about. 

I get irritated when it is vaguely referred to, so in that context, I am not clear if the reference is to bitcoin or to something else, and if the reference happens to be to bitcoin, then either say that it is or use the word bitcoin just to clarify the ambiguity.

If the reference is to something else, I might get irritated by the probable confusion that is being created, and furthermore I will question the relevance if it is brought up in this thread.  I will also question if such a mention of other cryptos is made in this thread and it is not properly accompanied by some kind of denigrating term, such as shitcoin, attack vector, bitcoin wannabe, scam or something like that.

In actual practice, when people speak of animals they are usually referring to sub-human animals.

Similarly, when Bitcoiners speak of crypto, they are referring to sub-Bitcoin cryptocurrencies.

Fair enough.. but probably don't even want to let them off that easy.. gotta throw a denigration in there somewhere, especially if talking about such sub-bitcoin matters in this thread, in order that some members (or readers) are not mislead into some speculation that one or more that shitcoins might be equal to bitcoin or some other harebrain and ill-thought-out idea like that.

the more you spread it out, the more people are interested, the more value it gets from that.  thats why early faucets were so good for bitcoin.  by "giving" away bitcoin, you were actually creating value to the ones you had.  i agree with you the investment thesis has never been better.

But what good is bitcoin if your feet are cold, smelly and wet HuhHuh? WHAT GOOD IS IT. ok i like socks ill shut up now
edit: whats with this 40k flirting ask her out already

Well, you better not be starving, without clothing, without lodging or whatever other various basics because of your decision to invest in bitcoin.  Sure there are people with high consumption desires/needs, and when I mentioned that I had thought that the new entry level fuck you status had moved from $1 million to $2 million (especially after March 2020), I understand that some people might be able to get to fuck you status at much lower levels (perhaps lower than $500k) and others need much higher levels, for their entry level fuck you status that likely should already relate to knows (such as existing life style and also projections of additional costs if planning to UP life style after going into fuck you status).

Sometimes people can be quite vague about their own needs, and I cannot blame them for either not wanting to share too many particulars in this thread so long as they already might know, but it might be less excusable if they have not figured out their current life style needs and projection of future lifestyle needs, at least to get some decent ballpark ideas of what that would be and attempt to be realistic about what it might be (being realistic does not necessarily mean cutting costs/expenses, but instead just reasonably knowing/projecting what they are and what they are going to be).   

I recall a few years ago when Biodom implied that his basic entry level fuck you status might be as low as $6 million, but still he suggested that even $6 million might not be enough to maintain his current cost of living or projected cost of living.  I would imagine now he must be considering $10million or even higher based on some world events that became more apparent as of March 2020 but part of my then argument with him (from several years ago) was to proclaim that guys should not be setting their fuck you levels so high that they end up pricing their own lil selfies out of the fuck you status market... but of course, individuals are in the best position to know themselves, but who wants to work until dead or even work until being in such a status that there is no ability to enjoy, and if there is a belief that at least $20k per month of income is needed, but the life span ends up ONLY being a few years after stopping working, then even with $6 million of principle there is going to end up being way too much left over cash that ends up not being even close to consumed.. .. just implying that there was no need to work so damned long.. wasn't necessary.

So for sure there is a balance to both making sure that you are not afraid to transition into that fuck you status, but you also would not want to have a sufficient enough principle/income cushion that you might end up later having to go back to work or to have to engage in work activities for reasons other than complete and encumbered voluntary wishes to do so..

So don't be telling me that you are going back to being a Walmart greeter because you like meeting people blah blah blah..that makes little sense... but better to make sure that your plan to enter into fuck you status is decently solid / adequate to account for a variety of circumstances including accounting for several years into the future.. perhaps 20, 30, 40 or more.