Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I'm starting to miss the old WO: fine dining reports (and dick pics haha NOT 
) by El Duderino, gentlemand and his humor, endless dramas of Bawb, even the retarded fucks like old nazi roach (are you reading this now, you old nazi prick? ), mindrust and his confusion and short-sighted moves. LFC_Bitcoin's bullishness, lastofthev8s etc etc etc... even annoying trolls like gembitz (no thanks, just kiddin). Trains, rockets, hulks.... where are they? Just think about it: we'll reach 100k and beyond but things are not gonna be the same. People change, times change, we are getting divided by pandemics, wars etc. This old WO is lost, it's gone forever. Prolly nothing, just getting old and sentimental. No more Lambos, hookers and blow. 
) by El Duderino, gentlemand and his humor, endless dramas of Bawb, even the retarded fucks like old nazi roach (are you reading this now, you old nazi prick? ), mindrust and his confusion and short-sighted moves. LFC_Bitcoin's bullishness, lastofthev8s etc etc etc... even annoying trolls like gembitz (no thanks, just kiddin). Trains, rockets, hulks.... where are they? Just think about it: we'll reach 100k and beyond but things are not gonna be the same. People change, times change, we are getting divided by pandemics, wars etc. This old WO is lost, it's gone forever. Prolly nothing, just getting old and sentimental. No more Lambos, hookers and blow. Don't worry. We're still here.
Lambos? I prefer to leave the driving to chauffeurs, cabbies, etc. Hookers? I don't pay for something that's free. Blow. Stopped using that in the 1980s.
Sorry I haven't been keeping up my morning greetings lately. I've been busy with buying a triplex in downtown Toronto. Got a great price... under $2M. Perfect location. Front yard, back yard and rooftop gardens. Excellent tenants in the 2 rental units. Its exactly what we'd been looking for.
The trouble is that when we signed the purchase/sale agreement bitcoin was worth over $40K. Now its under $30K. I really don't like mortgages. I prefer paying cash. Under the circumstances though, my accountant and I are investigating taking out a 5 year mortgage (vendor take-back maybe?) so we can avoid selling too many coins at today's bargain prices. We should have new ATHs before 5 years has passed. In the meantime, I'm continuing DCA selling. It hurts to sell when the price is this low but money's just money. A private lake and a home downtown with income are on a different level.
Fine dining? Last night it was juicy flatiron steaks. Before that we roasted a stuffed turkey with all the trimmings.
The WO is still alive and well. All the political crap is just a symptom of internet propaganda and boredom from price doldrums. Honey badger DGAF. We'll be back.
I am surely not against using debt instruments in order to balance selling less corn or spreading the corn sales out further. Cash deals, even with property, does seem to streamline the process quite a bit.. and you don't have anyone getting into your business.. yet at the same time, they can also be pretty common once you are willing to jump through some of the paper processing hoops.
When corn prices are in a seeming dip, it makes more sense to have some flexibility in terms of accepting the idea of certain kinds of use of debt - because it does seem quite likely that in the coming years - especially the next couple of years, corn is likely to appreciate way more in value than even the amount of extra fees that it cost you to both originate such a loan and for the fees (and interest along the way).. so 5 years, 10 years or even 15 years seems like it would be o.k... and sure.. if you get into low payments now, then maybe down the road 5 years or more, you could just make a balloon payment to pay the whole thing off, if you believe that there is some value to get the bank away from having any legal interest in your property.
By the way, I understand that some of the longer term loans can have fucking exploitative terms in terms of changing the payment amounts down the road.. but if you get the thing with fixed payments/fixed interest amount for 3-5 years, then maybe it won't matter if there is some allowance for the amount to be raised after your intended payoff date.. so you pay low.. and then if our lillie fiend ends up doing a 3x to 5x or even a something approaching an 8x to 10x which seems more than reasonable within the coming years, then you end up pretty much generating the paying off of the whole damned thing from the profits from a fraction of the coins that you held...
So yeah.. instead of selling up to 60 to 70 coins now to cover all the costs, you end up selling 20-30 coins now, and then you still have around 40 coins that you have delayed in selling.. and in the coming years maybe you use 10 coins for servicing the loan.. but if BTC ends up doing even any kind of reasonable amount of appreciation, you might end up using only still saving 10 to 20 coins.. maybe it does not matter too much.. but still.
Who would've thunk?