Quote from: Quickfant on Today at 12:17:25 PM

Quote from: Ibian on May 20, 2018, 08:13:07 PM

The problem with lottery winners is that they are bad with money in general. That's why they play the fucking lottery in the first place. An argument could be made that state-sponsored lotteries are a way to keep the poor poor.

Poor mans tax lotteries are.

You are speaking in riddles, Quickfant, unless you are able to difference between state sponsored lotteries and some kind of lottery that would not be a poor man's lottery.

If you are referring to bitcoin, bitcoin is not a lottery, and we tend to NOT talk about shitcoins in these here parts, unless we are pointing out something negative, and sure there are shitcoins that might be considered as lotteries - but that's not even clear about what is your reference from your post in terms of what would be a lottery that is not a "poor man's lottery" - if it matters to anything in which we are discussing....

By the way, many of us likely do appreciate that even if the odds are against folks in winning the lottery or otherwise scoring BIGGEDly based on their life circumstances are not very high, lotteries can provide a glimmer of hope for folks who seem to have engaged in a decent amount of ill-preparations in order to potentially become richie.. and I am not even blaming normies necessarily in terms of having had invested poorly or for their investments to have NOT really facilitated their getting ahead in life in any kind of substantive and material way.. so in that regard, there may well be a decent amount of luck, as well, for any normie to be able to identify a variety of investment options that might increase their odds of getting ahead in life, even if they might not have a lot of cashflow in order to allocate some of their investments into potentiality.. so for sure, bitcoin ends up fitting in a category that regular normies have decent shots of actually getting ahead in substantively and meaningful ways without necessarily putting a lot of capital at risk (I mean presuming that they do not have a lot of capital to work with from the start).

Quote from: Quickfant on Today at 12:17:25 PM

Quote from: El duderino_ on Today at 12:04:44 PM

Quote from: Arriemoller on Today at 11:59:55 AM

Gotta go now, have to pick up some spare parts for my old Volvo, time for a overhaul, winter is coming.

Time to get a new one and keep the old for summer useage

I am sure when Bitcoin hits 100k they will have a new car Wink

$100k is barely double from here...

I suppose we should be able to presume that Arriemoller is already in profits in terms of his bitcoin investment, so another double from here may well put him in a decent financial position, but surely just doubling your investment is not necessarily going to put anyone into a decent financial position in and by itself.

Actually, there may be a decent number of medium to longer term WO regulars about whom we may reasonably presume to BTC average purchase prices of less than $10k, so sure some of us guys/gals are going to have larger number of coins stacked aside as compared with others, and surely some of us might be enterring into some kinds of reasonable BTC spending stages as the BTC price approaches $100k and presumably exceeds $100k during this cycle - and surely we cannot even presume that BTC prices are going to get above $100k this particular cycle, but we likely still should be able to establish various kinds of personally tailored plans that might allow us to shave some BTC off of our stashes at various points in the $100k arena and save some additional shavenings for higher price points, whether those higher price points come this particular cycle or down the road in another cycle.

Another aspect, Quickfant, is that continuously we have newbies who are enterring the BTC investment space, and surely some of them may have been around for 2-6 years (just like you appear to have been around for more than 5 years), and so surely we might suspect that there are a decent number of these newbies who remain somewhat lost puppies in terms of actually planning and employing some kinds of regularly reasonable ongoing BTC accumulation strategies, and some of these variations of newbies may have been more active in their taking actions, and surely some of them may have either started to employ an active strategy later or even may just be barely beginning in employing some reasonable, prudent, individually tailored BTC accumulation strategies, so in that regard, we may well have some members who have been around these parts for a while, but are still in the earlier times of their establishing a decently sized BTC investment strategy in which they might be comfortable shaving off some profits in the $100k territory or maybe they have to wait for a cycle or two more before they feel comfortable, so in that regard if their fuck you status might be to establish $2 million in bitcoin value, they may well feel uncomfortable shaving off any BTC even if BTC prices reach $100k and they might only have BTC in the single digits or barely into the double digits of quantity, which might cause them to feel more comfortable, but not really to the stage of feeling comfortable enough to shave off any significant amounts of BTC from their holdings.

Of course, by the time any of us starts approaching $1 million to $2 million in BTC value, I would hope that there would be some diversification in the holdings, and for sure, I am not referring to diversifying into shitcoins - even though some guys do have foggy thinking about how to reasonably and practically attempt to employ some levels of meaningful diversification to help to protect overall investment portfolio value - to the extent that s/he wants to attempt to lessen some of the greater amounts of portfolio value that would come in the event that lesser amounts of diversification is employed.