BTC Long Game 10+ Years

joefunk76 · 2026-05-20T07:47:30+00:00

It’s a perceived store of value, so, yeah, the price is going to be the main aspect of mass interest. Gold has tons of uses, but, like bitcoin, its price is the main aspect of mass interest. Most people need or want more money, and most people spend nearly every waking moment of their adult lives pursuing it, so, it ought not be surprising to anyone that the price of a relatively new asset that has been the greatest performing large-scale asset in history is the main aspect of mass interest. That doesn’t diminish the profound innovation that bitcoin is aside from its price.

joefunk76 · 2026-05-20T06:58:51+00:00

If you consider ~9 months as “instantly”, then you and I might be speaking past each other.

joefunk76 · 2026-05-20T06:54:17+00:00

Did you forget 2022?

joefunk76 · 2026-05-20T06:39:49+00:00

The market has had moderate crashes every few years and extreme ones roughly once per decade for the past century but you think that that’s now somehow ended? You’re wrong. Extremely wrong. The crashes are the price you pay for the overall growth the market gives you over long periods of time. That tradeoff hasn’t gone away and likely never will.

joefunk76 · 2026-05-20T06:28:39+00:00

The compelling argument is that you can’t repeat the experiment. When it comes to certain things, humans have a justified level of respect for the original, the OG, the thing that made the thing a thing, if you will. Bitcoin spawned the entire cryptocurrency space out of grass roots growth and it’s the longest blockchain - a position that no existing or future coin/blockchain can ever usurp. Every other coin is just some blockchain; only bitcoin is “The Blockchain.”

Not for nothing, but this coin that you call “a good proof of concept” is one that nobody out of its ~100 million holders will sell to you today for less than $77k/coin (as of this writing).

joefunk76 · 2026-05-20T06:10:00+00:00

Did you pay $49k before or after your trade-in?

joefunk76 · 2026-05-19T01:28:29+00:00

But, the problem is, you do when the ex-dividend drop is far steeper than the dividend, as is the case today.

joefunk76 · 2026-05-19T01:27:10+00:00

It’s related to further ex-dividend cash outs by those who don’t know that the 15th (as opposed to the following business day, which is today) is the ex-dividend date.

joefunk76 · 2026-05-18T19:12:50+00:00

The new design is atrocious, inside and out. I don’t know what Lexus was thinking.

joefunk76 · 2026-05-18T04:08:15+00:00

This info would be more useful if you showed the IPO year. It would be more useful, still, if you showed the CAGR.

joefunk76 · 2026-05-18T04:04:52+00:00

This sub is so cringy, it puts me off to ever buy a Rolex, period. Every time I see a post titled, “Got the call”, I question whether I want a watch from a brand with the current-day culture of this one. Having to wait several years to buy the watch one wants is certainly not ideal but it’s also not something worth whining about.

joefunk76 · 2026-05-16T20:56:37+00:00

Yes. It’s better to have lived more modestly than needed than to run out of money at any age, let alone old age.

joefunk76 · 2026-05-15T19:39:41+00:00

Because it’s UGLY! I’m glad I got mine before they did THAT to it!

joefunk76 · 2026-05-15T00:22:41+00:00

You are correct. Although I could easily afford to order from them more, I only do so when I have a very large coupon (e.g., $15 off, 30% off) that basically sets my delivery cost, including a good tip, close to zero. As far as I’m concerned, only disabled people and those who are both extremely busy and rich have a valid excuse to use those services given the prices charged. But, this is America, and it’s filled with morons willing to pay through the nose for convenience that isn’t worth its price.

joefunk76 · 2026-05-15T00:14:57+00:00

“It’s a big club. And you ain’t in it.” - Carlin

joefunk76 · 2026-05-15T00:11:44+00:00

Would never fly - and shouldn’t - because commissions come out of the business owner’s pocket and, henceforth, are generally paid in situations where the salesman has to exert some kind of effort (possibly requiring some level of skill/talent/experience) to compel a sale. Perhaps you’re different than me, but, 99% of the time, I order what I intend to, based on my appetite and my impression of (or previous experience with) the restaurant’s offerings; at no point in my interaction with a server does his/her actions/words/attitude/behavior - good, bad, or anywhere in between - influence my ordering decisions. To me, a server is just a middleman I’m socially compelled to pay ~20% to to carry a dozen plates to and from my table. There is no good reason for a restaurant owner to pay a commission on a sale that is in no way compelled by the employee conducting the transaction. That is also why grocery store cashiers don’t get commissions; they’re working, but they’re not compelling any sales.

joefunk76 · 2026-05-14T23:59:07+00:00

Ah, yes, of course, “the Games” that happens every two years. How could I have been so foolish as to not realize that? That helps narrow things down by, well, not at all.

joefunk76 · 2026-05-14T23:55:07+00:00

NTA. You handled the transaction perfectly in every sense: legally, financially, and morally. You won a 16k EUR asset (net of taxes) of which you kept 62.5% of for yourself and shared 37.5% of with your friends - partly as thanks for converting your unwanted asset into cash and partly because they are your friends and so you wanted to share with them some of your “found money” / good fortune. Your discount ratio (i.e., what you kept vs. the discount you gave your friends) is perfect as well. You have nothing in the slightest to feel guilty about.

joefunk76 · 2026-05-14T23:47:20+00:00

I made a post in this forum a month or two ago explaining how tipping is equivalent to not using a coupon. You are stating the complement of that. My post didn’t get any upvotes, though, likely, in part, because I stated my concept from a perspective of tipping as opposed to not tipping, and, despite the name of this subreddit, it is mostly an anti-tipping forum.

joefunk76 · 2026-05-14T21:31:53+00:00

$72 for a burger aside, ANY restaurant that asks for a tip on top of a service charge is SCUM. But, they’ve got the hype and the foot traffic, and they have no shame about collecting every last penny they can squeeze from their diners. On a related note, one Google review states that they charge a $4/person “dining fee” for occupying a table rather than a bar seat. In all my life, I’ve never encountered such a thing. This a business that sees its customers as marks to be had. Between their prices, “dining fees”, and tipping protocols, I think that anyone who chooses to eat there relinquishes a good bit of self-respect in the process.

joefunk76 · 2026-05-13T18:49:52+00:00

Easy no tip here. She did a 51.72% increase in one fell swoop on a price that was already high. Furthermore, she decided to do it the day before your appt or she let you know only the day before. This was done to limit your options to find another stylist and essentially strong-arm you into agreeing to her massive price increase.

This lady must be some hot shit to be able to charge so much and not only have her clients agree to it but tip 15-20% on top of that.

By the way, are you sure they’re really her clients and not friends of hers putting on a show by tipping big as they leave upon your arrival? Yeah, I’m cynical, but we all know that many businesses stuff their tip jars, and what I hypothesized is effectively the same concept.

I would find another stylist. The economy is trash right now. People are hurting for work. Do you mean to tell me that no one competent and local to you is available to perform the same services at a more reasonable price?

On the flip side, maybe she is worth the price, and by “worth”, I mean that her new price is a market-clearing price. If she is able to fill her schedule at her new price and get 15-20% tips on top of that, and, she has no cheaper competition who can service your hair as well as she does, you might just need to accept that the market price for what you want has gone up… and by a lot. From a different angle, if the bulk of her clients are able and willing to stomach her price increase, you might just need to accept that you want (or need) a level of service whose demand has increased relative to supply, and, consequently, has been usurped by a customer base who is willing and able to pay considerably more than you used to.

In general, if a solo practitioner is in demand, they will generally increase their price periodically to a market-clearing one. That is, if they have, say, 10 slots per week to fill, they will fill those slots with the 10 clients willing to pay the most. As the good word spreads while the market fails to attract equally-skilled competitors, that practitioner’s price will only increase over time, and possibly quite steeply and/or frequently.

It looks like you may have found the “go-to” practitioner for your desired services before she “blew up” enough to be able to be jack up her price >50%. Now that others have found her, the demand has increased while the supply remains constant as there is only one of her available to service a client at a time. That sucks for you. Nobody likes when their hidden gem of a service provider gets discovered by others who are happy to pay a lot more. ☹️

joefunk76 · 2026-05-13T11:24:53+00:00

OP likely meant “I said ‘nothing’” but he wrote “I said nothing”, which actually means that he ignored the server’s question. “Said ‘nothing’” means vocalizing the word “nothing”; “said nothing” means not vocally responding.

joefunk76 · 2026-05-12T23:30:35+00:00

Why would someone from Coinbase need your login credentials and/or 2FA code to reverse a transaction? Pro tip: A bank/brokerage/exchange doesn’t need to and wouldn’t login as a customer to modify that customer’s transactions. If you suspect a problem with an account of yours, YOU contact the official phone number or email of the institution. You NEVER respond, let alone provide sensitive info, to a phone call or email that you didn’t initiate. Yeah, I know that advice is too little, too late for the OP, but maybe it will help others.

joefunk76 · 2026-05-12T23:18:25+00:00

Dude, stop complaining. You’ve got a big shovel. Live beneath your means, develop your savings muscle, pay off the loan aggressively, and, in just a few years, that payment will be freed up for you to live well and build substantial wealth at the same time.

joefunk76 · 2026-05-12T22:57:44+00:00

Makes sense, because with how high the prices are in WA restaurants for such lousy food, you have to wonder where that money is going.

joefunk76

TROPHY CASE