NFTs are fucking stupid, but if you can make money flipping cat pics, more power to you. My “rant” that took all of idk 20 seconds to post speaks for itself. dbl is projecting. Other people posting about money makes him insecure. If someone wants to post in here that they bought $10 or $1m, good for them.
dbl is projecting. You're projecting. I'm projecting. Putting all your eggs in one basket is also fucking stupid. Tweeting a bunch of nonsense? Boring af and also fucking stupid. But hey, if you're making money it's ok. My 10 seconds is up.
Lol ok, Freud. And you’re the arbiter of good taste? A middle class fancy retail consumer of kitsch entry level status symbols like a pepsi Rolex, expensive sneakers, or a Grand Cherokee? Get a grip ya fat fuckin baby.
Haha I forgot this is the "I bought 20 properties while working as a substitute teacher with no loans and no help and got wealthy by my boot straps" guy.
I don’t think that’s a genuine “haha” and I KNOW you didn’t forget who I am. Seems I struck a nerve. Don’t Hate Me Bro! You wanna join bc I outed you as an NFT LARP?
That’s never how I represented it. That’s your attempt to control a narrative bc this engagement is spinning out of your control. I started out flipping cheap properties in not so great neighborhoods. I used money I saved from my first sales job out of college. While, and in between, rehabbing my investment properties I was substitute teaching/coaching for living expenses/extra money. I never owned or held multiple properties when I was first starting out, I did one at a time. Never took out a loan until much later and never received any financial assistance from my family.
As a single month investment in this bullshit? Yeah. That's why you're clueless. You don't understand that a ton of people make that in a year.
Monetary assets are not a diversification exercise. You don’t also hold euros and pesos and lira, etc. It’s not hard to “make money” in btc. Dollar cost average in and have a long-term investment horizon. The rest is noise.
You’re right, but I misspoke. Is it “rich” on a board where people have $100k sneaker collections, invest in race horses, and casually waffle on whether they’re going to cop a Rolex, Omega, or Tag wristwatch? It’s a bizarre reaction for this board, particularly from people who seem to be doing better than alright based on their posts in other threads.
This board is definitely way above average income level, for sure. I think the difference is level of self-awareness in posts. Self-deprecation gets you everywhere.
what if i make fun of all of those people that you made an intra-class critique of material based class signifiers is impressive though
I guess I don’t view it as throwing around, he’s high conviction and making a large relative bet on an asset. Unless I’m completely misreading, I’d guess he’d acknowledge he’d be pretty financially hurt if BTC tanked and never recovered long term.
pew sets the ceiling of middle class at like 130k nobody making that has 30k liquid just sitting around
Regardless, yes anyone with $30k of disposable income whether its monthly or yearly even, is not middle class
well then you get into discussions of whether middle class has lifestyle requirements or are income based but also everyone wants to think they're middle class, so you get very wealthy people claiming to be "upper middle class" this is why these miscommunications happen though, most people especially on this board are wildly out of touch
Whole lot of misconceptions and assumptions in here. My post said I hope the price stays at these levels because I have $30k to add end of the month. Nothing remotely makes fun of anyone or claims that I'm middle class. I'd acknowledge that I'm not. Not sure why that struck a nerve with some people, when as Chumbolone points out, this board is full of posts about thousands of dollars in sneakers, luxury cars, guys buying AP/Rolex/Patek watches, etc. Maybe if I screenshot the btc purchase and post in the "post a pic of your latest purchase" thread, it'd be ok I also don't clear $30k per month to put into btc. For anyone who must know, some of that is a mid-year bonus. Would it suck for me if btc went to $0? Yep sure would. But I'm young-ish, have a good job, would ultimately be fine, and it's a risk I'm willing to take because I think I'm right. I live on what is basically a btc standard. Each time I get paid, I keep the absolute minimum amount in dollars that I need to pay rent/bills/living expenses, and I convert the rest to btc. To some people, that is crazy. To me, it is the most logical place to put my money.
Thiel-Backed Crypto Exchange Bullish Said in SPAC Merger Talks Wednesday, June 23, 2021 07:21 AM By Manuel Baigorri and Eyk Henning Blank-check firm Far Peak lining up investor financing Bullish could be valued at up to $12 billion in merger (Bloomberg) -- Bullish, a cryptocurrency exchange backed by a group of billionaires, is in talks to merge with special purpose acquisition company Far Peak Acquisition Corp., according to people familiar with the matter. The blank-check company is discussing a deal that could value Bullish at as much as $12 billion, the people said, asking not to be identified discussing confidential information. The final valuation could change depending on the price of Bitcoin, the people said. An agreement could be reached as soon as the next few weeks, the people said. The SPAC has already received interest from investors about taking part in a private investment in public equity transaction to help fund a deal. The size of the so-called PIPE could extend into the hundreds of millions of dollars, according to the people. Far Peak is led by ex-NYSE Group President Tom Farley, and David Bonanno, a former managing director at Daniel Loeb’s hedge fund Third Point LLC. It raised about $550 million in a New York listing in December to target companies in industries such as financial technology. Bullish was launched in May by Block.one, a blockchain software company backed by billionaire Peter Thiel and hedge fund managers Alan Howard and Louis Bacon. If successful, a deal with Far Peak would mark a milestone for Block.one founder Brendan Blumer in establishing a decentralized crypto exchange. Negotiations are ongoing, and there’s no certainty they will result in a transaction, the people said. Representatives for Block.one and Far Peak declined to comment. Block.one, which also counts Hong Kong tycoon Richard Li and German entrepreneur Christian Angermayer among its investors, capitalized Bullish with a liquidity pool of about $10 billion in digital assets and cash. Its launch came shortly after the listing of Coinbase Global Inc., the largest U.S. crypto exchange, and amid the growing mainstream embrace of cryptocurrencies. That’s despite lingering concerns over their volatility and usefulness as a method of payment. Increased regulatory scrutiny of the asset class in China has also hurt sentiment. The price of Bitcoin fell below $30,000 at one point this week, after topping $60,000 earlier this year. Far Point Acquisition Corp., another blank check company led by Farley, merged last year with Global Blue, a Swiss provider of tax-refund services to tourists.
GBTC discount back to -4.8%.... Watch that closely. It's a harbinger of a continued bull run, given how much the prior premium on that trade drove spot purchasing last year and early this yaer.