Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 23/02/2025, 04:49:52 UTC
⭐ Merited by AlcoHoDL (1) ,vapourminer (1)
....Had I bought BTC instead, I would now have an extra 0.67 BTC = $65,800.
I lost $59,300.
No you didn't. You lost a potential gain of $59,300. That's not the same as actually losing $59,300.
I don't think this is news to any OG on this here famous thread. We've all been there.
It's what I call a "shoulda, woulda, coulda".
Thinking like that I could say I lost 95K because way back in the day, I sold a coin at $500. Because at the time profit.
Fair enough. Opportunity cost is not exactly the same as actual loss, even though, with a little spin, it can be made to rhyme.   Cheesy Cheesy Cheesy
[...]
Almost one coin lost.
An opportunity cost.
A wet dream for most!
#rhymingreplyku

It may be better to say that I had a friend that ... .. blah blah blah..

Because sometimes with triangulation, someone might be able to figure out that you (or someone else similarly situated) actually has much more than 0.63 BTC... so they might infer that your friend's litecoin holdings were 20% of the stash (not that I am saying that your friend is that BIG of a shitcoiner) , but then the bitcoin that your friend might have had, might have had been, 4-5 bitcoin or even more... could have had been at mindrust levels of 10 BTC... .. Can you imagine having 10 BTC with a mere $45k-ish investment, and then selling all of them at $4,500-ish, and then buying 1 BTC back at $6k.  It would be much better to have the 10 BTC.. ..

Oh, i am deviating from the original topic... and yeah, 1 BTC is a lot.. and I frequently tell people to stop focusing on trying to get to 1 BTC, and BritishHODL is being a bit of a snob on that point, and proclaiming that everyone needs to get to 1 BTC, which is becoming almost impossible for many normies.. even though I get the sentiment to lecture people for their failure/refusal to act when they could have had gotten 1 BTC, and now, even fairly well-off guys (in terms of having fairly strong cashflowing  jobs) might take a few years just to get up to having a BTC  stack size of 1 BTC, and I frequently say do what you can. 

Be as aggressive as you can without overdoing it... and frequently for westerners, I suggest starting out with $100 per week.

I may have mentioned my friend from 2021.  Can you believe that 2021 is coming on 4 years now?.. a full cycle... ?

Anyhow,my friend has a professional degree, owns a pretty nice house, and some other nice things and has had a pretty decently paying job for 20 years or more, goes on at least a few vacations every year... The friend kept saying how much he regretted not listening to me in the past 5 years or more (perhaps back to 2016 or even earlier), so I stated my usual line, and stated that it is not too late, and better to get into bitcoin right away rather than fucking around and not doing anything.   So, I suggested $100 per week to go into bitcoin, and the friend decided to do $50 per week since that would be more manageable from his perspective, yet in mid-to-late 2023, when the BTC price was in the mid to upper $20ks, the friend told me that he had to sell most of his bitcoin since he had some expenses that "had to be paid."

I said, "What the fuck?"  You already invested ONLY half as much as I had recommended, so in that sense you should have had more abilities to manage not tapping into it for 4-10 years or more, and not even have to think about the money that was going into the bitcoin investment... And we had repeatedly gone over the idea of 4-10 years or more for the investment timeline, and so it was just irritating as fuck, even if such friend had asserted that he would be working to build his bitcoin stash back up.. .blah blah blah...and I have not had the nerve to ask how that was going, since there was some other drama involved with losing a hardware wallet too and some other complications of having had gotten social engineered (in a subsequent event).  Maybe it is too callous for me to expect a certain level of self-responsibility in regards to personal finances from a well-educated person.

Right now, with a $100 per week investment, such friend would have invested around $21k and would have had accumulated nearly 0.6 BTC if he had followed my suggestion and got his shit together with the rest of his finances.  0.6 BTC would not be a bad place to be after 4 years of buying $100 per week of bitcoin.

OT: Have you guys seen the news about Soc security payments for people over 120 years old...apparently, there are millions of those  Shocked
Maybe there is something about US population that we don't know?
Naaah...it's just errors or fraud.

The question is: did they really kept sending payments to those "people" for years or decades?
I would like to know this.

Source...mind you, i don't know if the numbers are accurate, but I have seen them somewhere else as well:
https://youtu.be/6jUeRKU_MIk?t=1173
second source:
https://youtu.be/JkklLJcwjxE?t=194
60 mil social security more issued than current-possible, if some died and it was not recorded, but CURRENT "super long" living people-I doubt that it could be correct at all.
Do a screen grab of the table-some numbers are "amusing" to say the least.

Lets see if it would be independently confirmed as it sounds strange.

EDIT: Upon further research-those millions of people over 100-seems like a computer error caused by the absence of data about death.
It seems that error in sending out payment to non-existing opeople is "only" $9 bil/year
https://www.marketplace.org/2025/02/20/150-year-olds-are-not-receiving-social-security-payments/

Surely many of these claims should be taken with a decently large grain of salt... since we know that extra-ordinary claims deserve extra ordinary evidence, rather than just accepting them on their face...and Phil had rebutted a lot of the nonsense, with just a basic outline, and if we know that both Trump and Elon are inclined to lie and exaggerate, then we have to be sceptical of their claims, too.