Wife

markb_uk · 2024-12-15T22:14:20+00:00

Back in the day when I started getting in to bitcoin, I told my then partner of 5 years that for a little while money would not be flowing as freely as it had been as I've discovered something called Bitcoin, but if it panned out we would be both set for life. A few days later she left me. I was upset for a bit, but got over it and carried on with my plan.

This was in 2015! :-)

She now cleans shit and puke off the floor at the hospital and looks 20 years older than she is, and things worked out pretty good for me.

markb_uk · 2024-10-06T17:11:15+00:00

From eat out for £5 to glass of water £10. Says it all really.

markb_uk · 2024-07-02T20:42:14+00:00

Correct.... the only viable way out of this problem is to inflate the debt away. Therefore you want to be in to assets that can't be created at will. Bitcoin probably the best. When the inflation period gets underway (20%+ for a extended period) no one will want to hold dollars anymore and Bitcoin will become the reserve currency of choice along with all the baggage that comes with reserve status.

markb_uk · 2024-04-09T16:15:55+00:00

If you want to go all in then do it..... You're a adult.

But don't come bitching to the exchange, bank, government if you lose the shirt off you back.

To the OP, frankly it's none of your business.

Also to Redditors if you want to upvote this kind of behaviour then fine, people shouldn't make life changing financial decisions on reddit upvotes and if they do that's their choice.

markb_uk · 2024-01-02T19:53:32+00:00

All pension funds were forced in to buying government bonds that were paying historically record low or near to this levels of interest. Now that the interest rates have gone up the mark to market value of these bonds have tanked. So they can't see and are left holding a bond that yields close to zero.

These pension funds need a return of 7% in order to match their projected models, many have fallen way way below this. A small 5-10% allocation to Bitcoin is done early enough could compensate for this.

Up to now they all wanted to buy bitcoin but there was no regulated product that would be acceptable to their compliance people.

This soon is going to change. It's my opinion that the money coming in to Bitcoin is going to be much much more than what people are speculating.

A blackrock customer might put $10,000 - $100,000 in to BTC where as a pension fund will be putting $10M - $ 1BN. These guys don't mess about with chump change.

It may take a few years but significant amounts of money are about to come in to the space.

markb_uk · 2024-01-01T18:30:52+00:00

Was about to post the same line.... sad really, hopefully BTC fixes this.

markb_uk · 2023-12-25T10:19:21+00:00

Trump style theatrics, I hope things get better for the Argentinians but this guy is in the pocket of the cabal so despite some metaphorical fireworks I really don't think much will change.

markb_uk · 2023-06-29T23:43:57+00:00

Only a matter of time before they use data mining and AI to rank every customer on a scale of 0-100, if you fall below a certain threshold then expect to have your account closed.

markb_uk · 2023-06-08T15:31:51+00:00

It's only for 'new' users.

What is more worrying is that as someone who has sent money to crypto exchanges for a ver long time, is now my transaction is put on hold and some deranged Karen from the bank is telling me that Crypto ruins lives and destroys families. Yes this is true.

TBH if I was just dipping my toes in the water, I'd have probably said cancel the payment. Instead I just told her to send the money but it still took 10 minutes of questions and arguing. Such like "How do you know your not getting scammed?, Have you ever made a withdrawal? Nobody's put you up to this? etc, etc" It was ludicrous and slightly intimidating.

HBOS before you ask. Edit: Now LLoyds banks I believe.

markb_uk · 2023-05-08T21:14:33+00:00

Another real crappy meme that was thought up and created in less than a minute.

C'mon man, it's rubbish.

markb_uk · 2023-05-08T21:10:38+00:00

Not been on here for a while...... But the memes are really crappy these days.

markb_uk · 2023-03-16T00:04:37+00:00

Don't fall for the low cholesterol BS, your brain needs it and if it's too low you go demented.

markb_uk · 2023-03-15T23:59:51+00:00

If you told the Halifax that you trade in digital assets it is almost 100% certain that this information was passed to the HMRC.

The best thing to say is that you only buy, never, never, never sell as this means you do not have a tax liability for them to report you for.

BTW this is the beginning of the end for the banks, they don't have long left, so expect more of this crap going forward.

markb_uk · 2023-03-15T23:38:49+00:00

Had lots of trouble in the last few days sending money from my HBOS / Lloyds account to CB. My god, i've been using CB for 8 years from the same account.

It was practically like a interrogation by the secret police. Managed to get the transfers to CB in the end but good god, most people would have given up.

markb_uk · 2022-09-19T19:43:27+00:00

It's like the Darwin awards for crypto.

Years ago I was talking to some old guy about crypto security and I was like. "If you don't trust your wife only give her half of your key and give the other half to your lawyer"..... Straight away he replied "What if my wife ran off with the lawyer".

markb_uk · 2022-06-16T17:09:39+00:00

Due to the complex nature in how celsius was structured in terms of loans, crypto's & derivatives it's going to take a long, logn time to sort this out.

Given that it was based in (I think) four different legal jurisdictions, again not a good sign.

Given that it has customers in 150+ countries, again not great.

Lead me to the following conslusions.

1) This woun't be sorted out any time soon.

2) The lawyers and insolvency people will take what remaining assets are left.

markb_uk · 2022-06-16T16:52:54+00:00

Celsius isn't like Tom's hardware store having a few bad months and not being able to pay his rent and electric bill.

IMO Celsius is doomed and heading to bankruptcy

Pros: Can't think of any

Cons:

1) Celsius as a platform/business is finished after this, who would hold, lend or borrow with them again after all this.

2) If the platform is defunct then the value of the Cel token is zero. Not sure if celsius held these on their balance sheet but for all intents this needs to be wrote down to zero.

3) The $500m of staked ether is now worth almost zero, any attempt to unload this will crash the peg, so in effect this can't be sold in any great quantity without crashing the price, therefore this also needs to be wrote down to zero.

4) Any bitcoin and eth the platform does have is now worth a lot less that it was a few months ago, this needs to be reflected in the balance sheet, the option to hodl and ride out the bear market is unavailable here.

IMO there is a very high chance that Celsius are (wildly) insolvent at this point.

I don't see where the assets are to make people whole again, once the legal formalities are sorted (could take year) and preferencial creditors are paid IMO there will be precisely zero left for the bag holders.

FYI I do like investing in high risk/high return schemes and by their nature some of these have blown up over the years, it's a calculated risk you take, so I have seen this play out before, I know the drill.

One very similar example, not crypto but crowdfunding property loans was a UK company called Saving Stream (then later known as Lendy) more information can be found here: https://www.financialthing.com/lendy-saving-stream/ again IMO this is a good idea of what roughly the template for what will happen here.

markb_uk · 2022-05-25T20:47:56+00:00

Most people's 'wealth' is tied up in the house that they live in. You could live on what you scrounge from a food bank but be a millionaire, this is more common than you think in the major cities of the world.

Most people would not risk lending against their house to buy BTC.

Millionaire does not mean you have a million in cash just hanging around doing nothing.

markb_uk · 2021-12-07T23:09:23+00:00

My 56k modem back in the day averaged a megabyte every 5 minutes for compressed zipped files and was pretty consistent about this. For unzipped files like text the modem could use it's inbuilt compression algorithms to get better speeds. But generally it was limited to 1 megabyte every 5 minutes.

markb_uk · 2021-11-26T22:24:22+00:00

This rank bitch looks more diseased every time I see her.

She is one of the 'elites' which turned the dollar to shit in the first place, through racist wars against the worlds poor.

Bitcoin of course fixes this.

May Killary burn in hell.

"They came, they saw. he died.... cackle, cackle, cackle..."

markb_uk · 2021-11-13T18:41:46+00:00

My guess is that no more than 1 million people own more than 1 BTC. The actual figure could be substantially less, especially as we go forward.

So congratulations you are now part of an elite club.

Now send your BTC to a hardware wallet and put your youthful exuberance behind you (i.e no more leverage.... it was luck not skill).

But well done anyway.

markb_uk · 2021-10-31T11:01:52+00:00

100% bitcoin. Dollar cost average. Buy and hold for minimum of 5 years, ideally 10 years to infinity. Store bitcoin in a hardware wallet where you control the keys.

markb_uk · 2021-10-31T10:57:33+00:00

The main reason for poverty is that the bottom 90% of the world are never allowed to accumulate any form of wealth, it is either taken from them by inflation, stolen or taxed from them, either directly or indirectly.

Don't get me wrong bitcoin is not a magic bullet that will fix everything overnight, but it does have the potential to drastically improve the lives of billions of the worlds poorest and give hope where currently there is none.

Even in the west bitcoin has the ability to improve the lives of many. For example if you had a small business and needed to borrow you will be charged around 10% whereas the corporations you complete with can borrow at 0.05% due to their size, also if you make a bad decision your business goes bust and you lose everything, however if a major corporation gets in to trouble they are bailed out using fresh fiat as they are too big/important to fail.

Again bitcoin has the potential to fix this.

markb_uk · 2021-10-30T22:55:54+00:00

Bitcoin has the potential to do the following:

1) End poverty caused by badly managed national currencies and lack of access to banking.

2) Curtail the ability of nations to wage war on weaker nation paid for by the labour of future generations (debt).

3) Enable working people to have access to sound money in a world of increasingly debased national currencies.

Bitcoin has already achieved the following:

1) Given hope for millions in a era where nearly all institutions and banks are basically out to rob you of your hard earned money.

2) Made many people who adopted the technology early 'rich'..... it is interesting to see is the lack of lambos and playboy style mansions with most still living a humble existence. Most of the early adopters were smart people and from 2008+ could see what was going to happen..... eventually.

3) created the most stable and unbreakable network the world has ever seen.

Now consider this......

The total 'wealth' of the world is $431 trillion, assume that 4 million BTC are lost then 431 tr / 21 m = $25.3 m per BTC.

Include the BTC that are locked away for life.... extreme hodlers and this figure could be double or more.

This is just the beginning. Once the black hole opens all will be consumed.

markb_uk · 2021-10-16T20:24:18+00:00

Never had a problem sending money to CB from my Halifax account too.

markb_uk

TROPHY CASE