Albalaha,

  Well, I still "own" my 1/10 share of a BitCoin.  The cost basis was $1000 to me.

  Initially purchased as a joke while drinking with good friends, I probably have no reason to sell it and doubt I will ever sell it as my buddies are always telling me how it's going to be worth a real lot of money "in the future".

  Besides, it is fun to tell people I have BitCoin when they ask but it's not something I think about on a day to day basis.

  So for now my portion of the 1 BitCoin (10%) that we own sits in one of their accounts while waiting for "the big one" to hit.

  Not so surprising is the fact that not one of these guys has mentioned selling it to take the profit.

  It's just not that important and I think they're seriously waiting for the 1 million dollar mark.

  And the profit back to each of us, approximately $5000 or so at this time, is not something we desperately need.

  My last ammunition order was $5200 to put things into perspective for us.

  I do enjoy reading about other people's experiences with their BitCoin exploits here.

  AD







 

I was going to post up another few shooting videos but I figured that might get boring for a lot of viewers (and believe me, I've got a lot of them) so here's something you've probably never seen.

In my former life as an airline pilot, we get to be very in touch with our machines.  One night over the Pacific my 747 even told me what it though of my flying skills.

AD

I have a serious question(s) for those of you who are involved with the Crypto game.

What is the actual PLAN for your crypto "investments"?

Is it merely to make money, as in any gambling endeavor?

Is it to build something for on down the road when retirement looms large?

With your holdings in crypto, can you use it to live on or plan with for future expenditures?

Do you consider it a real investment in the future or merely something to dabble in while stumbling forward in life?

If you have a substantial amount in crypto, do you sell some to hold back some kind of profit or do you plan on just keeping it until it hits the magical 1 million dollar mark?

Do you have a tax strategy for any of this?

Can you use your crypto holdings as collateral on something in an emergency should the need arise?

I see the alure of the BTC game to many people but somehow I just don't see or visualize the outcome of this.   There simply has to be something I'm missing here.

I just moved another $70,000 from an asset that got called into another product that will produce a similar profit moving forward.  I would not even think about moving that money into a BitCoin.

Am I truly a Luddite in the 21st Century of money management in real life or am I simply not seeing the big picture in the digital world?

AD

Quote from: Albalaha on February 14, 2024, 04:33:33 PMToday, on 14th Feb 2024, Bitcoin is worth $51,544. All who were predicting its downfall and about it being useless or gimmic or having no intrisic value should learn a lesson now. I predicted this well in advance and the reasons for its future rise too. Just wait 5-6 months to see an all time high price, easily going over $80k.

So, are you buying now?

AD

Got the win with the Chiefs +2.

Lost the OVER by a 1/2 point.

That was my third OVER loss by a half point this year.

I hate it when that happens.

AD

Taken at the back of the boat after a hard day of whatever it is I do on the boat all day.

And because this is still a gambling forum, here's a shot from inside the casino at the Cadillac Jack's Hotel in Deadwood, SD.

No baccarat here so I had to default to roulette for the night.

AD

Well, let's try this again.

What else do you guys do besides hang out here and hit the casinos from time to time.

Saw this gem making the run south out of Minneapolis on I-35.

Of course I had to stop and get the "photo op".  That's what I do!

AD

This speed makes nano suitable for commercial payments, since merchants and retailers no longer need to worry about transaction delays when accepting payments.
=======================================================================

You know, my AMEX card receipt hits my phone before the lady behind the counter can even hand me my receipt for a coffee.

Is processing time really a problem?

AD

QuoteNow, as the short-term bull trap grows, mainstream media is back at it, predicting $500,000, in an effort to lure in greedy retail investors for exit liquidity. The crash that follows is inevitable. Unfortunately too many investors are blinded by greed to secure profits. They will just repeat their same mistakes as last time.

Bingo.  Nailed it.

AD

Twilight Zone playing in the dark of the night.

Excellent.

Been there, done that.  A good feeling for sure.

I shall endeavor to fill up at pump #9 at the Wawa for the bike tonight.   

AD

Seriously, take the jetboats out of Hong Kong to Macau and back.   They are excellent.  Like flying 1st Class on the airlines except you're not treated like cattle.

AD (assuming they still have those boats)

Hmmm, a new member jumps in on a 3 year old thread.

What could possibly be wrong? 

AD

When I was still working, one of my long layovers was Hong Kong.

Pay the approximately $35 round trip fare on the super fast jet boat and you could day trip Macau with no problems at all.

And I did, a LOT.   I had a pretty good routine and once I figured out the hotel van schedules it was basically a free trip each way.  No need for the taxis.

Incredible amount of baccarat tables and at the time, one of the few places you could play on a fully computerized and exquisitely designed mechanical card handler.  It was right out of Star Wars.

The Venetian was just opening by the time my trips to Hong Kong were over and I did get to play in it a few times.   Needless to say, the women were simply stunning at every point where they came into contact with the customers.

It made the military style personnel at the Lisboa look positively medieval.

AD

Sorry, I should have been more specific.

I was talking about the EZ Baccarat tables where a winning 3-card 7 on Banker is a push.

I got caught on that twice over time and it put the damper on playing the EZ Bac tables.

AD