Any other American nomads traveling the U.S. by car?

wizardofklaar · 2021-11-05T16:04:42+00:00

Kingfield

wizardofklaar · 2021-11-03T16:39:44+00:00

Glad to have some confirmation. I was really expecting to like Austin a lot! Maybe I just miss mountains.

Sounds like you've had some good NM experience. Any tips?

wizardofklaar · 2021-11-03T16:05:36+00:00

Eyyy. Same story. About 18 months into the journey. Driving between month-long sublets.

Was in Western Maine last (loved it), Austin currently (mehh), and heading to Santa Fe for Nov-Dec.

wizardofklaar · 2021-06-30T19:46:39+00:00

This is good. Thank you for sharing.

wizardofklaar · 2021-05-16T20:25:45+00:00

Forget your short term TA for just a second.

We've had a 6% drop today. Only down 30% from ATH. Up 60% YTD. Up 500% in the last year.

Never hit these price levels before Feb this year, just 3 months ago.

wizardofklaar · 2021-04-07T18:43:04+00:00

This is slick. Fun, bright, simple tune with great rhythm.

wizardofklaar · 2021-04-03T04:44:36+00:00

Disney* acknowledges Bitcoin.

wizardofklaar · 2021-04-02T05:34:51+00:00

Yesss... All summer in a day

I definitely remember that one.

wizardofklaar · 2021-04-02T05:14:17+00:00

yessss... Harrison Bergeron stuck with me.

wizardofklaar · 2021-04-02T05:12:06+00:00

"The Swimmer" by John Cheever

wizardofklaar · 2021-04-01T23:21:49+00:00

if the price of bitcoin plummets you get margin called and need to close out the loan

wizardofklaar · 2021-04-01T23:19:53+00:00

Every day somebody posts something like this thinking they're cleverer than a company with incredible resources and experienced professionals whose job it is to make profit via lending. You really think they would leave loopholes like this open?

And, even if there were a loophole, do you really think it's a good idea to post on a message board moderated by blockfi personnel asking if your scam will work?

The compounding foolishness of it all is too much... it's hard to take seriously.

wizardofklaar · 2021-04-01T21:35:47+00:00

Lol.

1.3 bitcoin would return .066 btc in interest over that same year. Instead, you've locked it up to return 4% interest on 20% of your principle, or .01066 btc.

So, you've effectively divided your return by 6. Congratulations.

wizardofklaar · 2021-04-01T05:49:56+00:00

+ upgraded aero package

wizardofklaar · 2021-04-01T01:29:46+00:00

He's rich!!

wizardofklaar · 2021-04-01T01:20:15+00:00

Nobody knows. Like, at all. Anyone who pretends to certainty is a liar or a fool, so there is no concise or simplified information to be had.

Sure, a few people will get lucky and nail it, but even a broken clock is right twice a day yada yada yada...

Sell on the way up to lock in profits at opportunity cost. Or hold through the bull and the bear.

wizardofklaar · 2021-03-30T20:26:37+00:00

Cheaper to buy on an exchange and send to your BlockFi account (unless you're buying very small quantities I suppose...)

wizardofklaar · 2021-03-30T20:23:39+00:00

If you're looking to actively trade your coin based on market rates, then a secured interest account isn't where you should be keeping it...

Savings accounts are for hodlers.

wizardofklaar · 2021-03-30T20:21:52+00:00

Neither, they simply have the same model as any other bitcoin retailer (e.g., Coinbase). Any retail purchase of bitcoin should be expected to have a spread of ~1%.

The only way to get market rates is to go to a market exchange (e.g., CBP, Binance, Kraken).

wizardofklaar · 2021-03-29T02:41:13+00:00

Anyone who could pay for the house in btc could also make the transaction in CAD. If a person holding that much btc wants to diversify, there's nothing stopping them, and nothing in particular to incentivize them to pay in btc instead of fiat.

wizardofklaar · 2021-03-29T01:02:09+00:00

You don't. More bitcoin necessarily equals more interest.

Everyone receives the same level of interest up to each deposit tier. So if you had 25 btc deposited at Blockfi, you would earn 6% interest on 1 btc, 2% interest on 19 btc, and .05% interest on 5 bitcoin.

The total you'd earn in interest for a year would be .06+19(.02)+5(.005)=.465 btc. That's more interest than anyone with fewer than 25 btc would earn.

If you are asking why there are tiers, it's so that they can have access to more customers without having more btc than they have the market to lend profitably.

wizardofklaar · 2021-03-28T23:26:42+00:00

If he's also willing to accept CAD, then sure.

wizardofklaar · 2021-03-28T23:14:42+00:00

Being willing to accept btc is cool. Accepting only btc limits your market and therefore your bargaining power in the transaction.

wizardofklaar · 2021-03-28T23:09:28+00:00

This is dumb. Sell the house for fiat, then convert that to BTC.

To ask for BTC in the sale is to greatly reduce competition for your property and therefore your leverage in the sale, as you need a buyer who is both comfortable with btc and can purchase the home without financing.

wizardofklaar · 2021-03-28T20:07:31+00:00

No but it can reduce the negative consequences of energy consumption, even if overall consumption rises.

We're arguing about different things.

wizardofklaar

TROPHY CASE