Bitcoin price suddenly surges to 3-year high

[moproblems99]

Have you ever see the stars at the top of a mountain top with clouds covering up everything below you? Camped there? If not, then you are blind. Welcome to Plato's class, Allegory of the Cave lecture 101. Yawnfest 2021 I still have to explain this to Epicureans.

So are you saying that only you can see the way?

 

[64K]

I never said that actually. I said excess is unnecessary, but it would have been nice to pay off a house and car in cash. (the car being a cheaper one and the house also a reasonable one, like 150 grand house in the Midwest is equivalent to a 500 grand one in California), so I'd opt for the 150 grand one, and retire early. etc.

I didn't try my luck at crypto-currency for the same reason that I have never bought individual stocks. I'm wrong more often than not and that is normal. I did invest in Mutual Funds but that's much less of a gamble. I also put money in CDs. I also paid into a pension plan. I took an early retirement last year at the age of 57 and I will live comfortably for the rest of my life barring the economy doesn't go to hell. Basically what I'm saying is that you can take early retirement without gambling in markets.

 

[Space Lynx]

So are you saying that only you can see the way?

No, but Plato, Aristotle, and many other philosophers can. They didn't just make it up randomly one day for fun. LOL

 

[moproblems99]

I didn't try my luck at crypto-currency for the same reason that I have never bought individual stocks. I'm wrong more often than not and that is normal. I did invest in Mutual Funds but that's much less of a gamble. I also put money in CDs. I also paid into a pension plan. I took an early retirement last year at the age of 57 and I will live comfortably for the rest of my life barring the economy doesn't go to hell. Basically what I'm saying is that you can take early retirement without gambling in markets.
Sometimes it is just for the lulz.

No, but Plato, Aristotle, and many other philosophers can. They didn't just make it up randomly one day for fun. LOL

I have read enough of your posts to know that what you are implying is contradictory to what you believe.

Also, for what it's worth. I am currently reading Homer, though not in Greek.

 

[Space Lynx]

I have read enough of your posts to know that what you are implying is contradictory to what you believe.

Also, for what it's worth. I am currently reading Homer, though not in Greek.

More so you are just not understanding, Aristotle, and many others I refer to also say good amount of wealth is healthy in fact. I never said it wasn't. I simply said the fixation addiction to wealth seems to be a common occurrence, and once hooked, similar to a drug one can not break from. I only said to @ZenZimZaliben and @trog100 if you have reached enough wealth with crypto to increase your happiness tenfold long-term and short term, then pull out now and enjoy the fruits of your investment.

I simply meant timing is important with risky assets. For Trog, it's not a risky asset, just fun for him. For Zen I don't know, just was giving him my two cents. All I meant was that if I had invested in Crypto, I would hope I would not become addicted to it, and would cash out, buy a house in cash, retire early, secure my future. If fiat fails and crypto fails, at least your house is yours. /shrug

That being said I don't care what any of you do with your money, I was simply stating how the philosophers of old would most likely view it.

 

[ZenZimZaliben]

Never gamble what you can't afford to lose. I also don't want my money sitting in a bank not working for me or worse losing value as it sits, since interest can't even offset inflation.

Philosophers of old would be YOLO'ing it on Crypto.

 

[Space Lynx]

to the moon boys!

New York looks to ban cryptomining to study environmental impacts

A new bill aimed at cryptocurrency is making its way through the New York senate, and it's one that will undoubtedly ruffle a lot of feathers. Bill...

www.techspot.com

Hopefully this is only the beginning.

Never gamble what you can't afford to lose. I also don't want my money sitting in a bank not working for me or worse losing value as it sits, since interest can't even offset inflation.

Philosophers of old would be YOLO'ing it on Crypto.

Doubtful, Plato had inherited wealth I believe, and didn't really have to worry about investing, or working, etc. Inherited wealth + wanting very little material things allows for many freedoms.

 

[ZenZimZaliben]

Typical rich guy. No real world skills, inherted wealth, becomes a philospher and tells the poor how to live a meaningful life that he never had to live. /s

 

[Space Lynx]

Typical rich guy. No real world skills, inherted wealth, becomes a philospher and tells the poor how to live a meaningful life that he never had to live. /s

He never advised the poor. Do you know nothing of Plato? He only cared about the Forms, which have nothing to do with the realm of men. Only one with a lot of spare time on their hands can contemplate such things. Please try to know some basics before commenting.

 

[ZenZimZaliben]

It was joke man...see the /s (that means sarcasm).

 

[moproblems99]

He never advised the poor. Do you know nothing of Plato? He only cared about the Forms, which have nothing to do with the realm of men. Only one with a lot of spare time on their hands can contemplate such things. Please try to know some basics before commenting.

That would be applicable if this wasn't a crypto thread you keep coming in and moaning about regrets and philosophy you don't even live by.

 

[Space Lynx]

That would be applicable if this wasn't a crypto thread you keep coming in and moaning about regrets and philosophy you don't even live by.

Incorrect, I was not the one who kept this conversation going, in fact, I was done with it before you prompted me with a question several posts above. I have a right to rebuttal if you have a right to off-topic questioning. Sorry, that's how basic logic works.

 

[ZenZimZaliben]

ETC @ $130. Nice! ETH going to be $4k in a few weeks. LOL.

 

[moproblems99]

ETC @ $130. Nice! ETH going to be $4k in a few weeks. LOL.

I'm not sure it will take that long.

Sorry, that's how basic logic works.

I didn't say you had to end the conversation. I said use your brain.

 

[trog100]

ETC @ $130. Nice! ETH going to be $4k in a few weeks. LOL.

i just heard someone saying eth could be at 8K by the beginning of july.. that would be nice..

trog

 

[moproblems99]

i just heard someone saying eth could be at 8K by the beginning of july.. that would be nice..

trog

10k is probably my sell point for eth.

 

[Mescalamba]

Maybe Im going to be surprised, but I will be surprised if ETH exceeds 0.11 of BTC value.

So lets see if I will be or not.

 

[64K]

There are some pretty wild speculations out there about Ethereum. Financial Analysts are getting involved. One says that Ethereum could go as high as $70,000 by 2025

 

[Mescalamba]

There are some pretty wild speculations out there about Ethereum. Financial Analysts are getting involved. One says that Ethereum could go as high as $10,000 by 2025

Yea and some guy promised he will eat his socks or something if BTC wont get to 100k till whatever was that year. And obviously it didnt. Unsure about socks.

Anyone can make speculations.

Thing is. Crypto aint regulated. So crypto will go up and then it will go down. Its not stocks, it doesnt have brakes.

Can ETH get to 10k? Sure. Probably some time after BTC gets to that 100k. When? Nobody can tell. Will it ever? Cant tell either.

In some sense I like this deep uncertainty about crypto. Usually not in moments when Im down 50%.

 

[phill]

I can't see Crypto going anywhere to be honest, its just become too big...

I mean there's some lovely gains with it at the moment don't get me wrong but still... It is only Crypto after all guys.... Easy come, easy go!!

 

[R-T-B]

It is only Crypto after all guys.... Easy come, easy go!!

I used to think like this. I sold whatever I got when I mined it.

If I'd held, I'd be a literal multi-millionaire today.

There are two sides to that coin.

Today, I'm holding my ether. If it all goes down with the ship, tough cookies, it didn't cost me much. Plus I like Ethereums exit strat from being a PoW based coin.

Hopefully this is only the beginning.

Nah it's just New York being New York. Crypto trading there has been so expensive it might as well be illegal since 2016ish. It's just how that state thinks. Several exchanges won't even let New York based IPs visit.

It's not exactly a hot mining state anyways.

 

[phill]

I used to think like this. I sold whatever I got when I mined it.

If I'd held, I'd be a literal multi-millionaire today.

There are two sides to that coin.

Today, I'm holding my ether. If it all goes down with the ship, tough cookies, it didn't cost me much. Plus I like Ethereums exit strat from being a PoW based coin.


Nah it's just New York being New York. Crypto trading there has been so expensive it might as well be illegal since 2016ish. It's just how that state thinks. Several exchanges won't even let New York based IPs visit.

It's not exactly a hot mining state anyways.

There's always a what if I'd done this rather than that and so on, but we live by our choices and we go from there...

I'm in the same boat with it as we should have held on to things rather than sold them, you live for the moment at times not 5 years down the road.. At the end of the day, we just hold now!

 

[trog100]

There's always a what if I'd done this rather than that and so on, but we live by our choices and we go from there...

I'm in the same boat with it as we should have held on to things rather than sold them, you live for the moment at times not 5 years down the road.. At the end of the day, we just hold now!

i did hold i never sold i just forgot about the whole thing.. until i read this thread early in the year.. he he

to me selling an asset that keeps going up would be like eating the goose that lays the golden eggs and its interesting watching the numbers go up.. long term i am pretty sure they will..

as for stock market having brakes.. nah that was before governments started going mad with the money printing machines.. currently they are an over inflated bubble waiting for a pin..

trog

 

[phill]

i did hold i never sold i just forgot about the whole thing.. until i read this thread early in the year.. he he

to me selling an asset that keeps going up would be like eating the goose that lays the golden eggs and its interesting watching the numbers go up.. long term i am pretty sure they will..

as for stock market having brakes.. nah that was before governments started going mad with the money printing machines.. currently they are an over inflated bubble waiting for a pin..

trog

I'm very sure sir you have a fair bit behind you know which is amazing as unless everything goes completely Pete Tong, it'll be a lovely little nest egg

 

[trog100]

I'm very sure sir you have a fair bit behind you know which is amazing as unless everything goes completely Pete Tong, it'll be a lovely little nest egg

the future is all a bit unknown phil but it might make the grand kids rich.. he he

the thing is what i held and didnt sell from 2017 has made me about 50K or so this year..

trog