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NottsRam77

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  1. Like
    NottsRam77 reacted to Comrade 86 in World of crypto   
    I'd split between A & B myself. I'm far from risk averse, but I've been caught out with other investments (non-crypto) where I piled too many eggs into one basket (read 'played it like a greedy mug'). Working the cycle though seems to me to be the most sensible play and doing so may allow you to take a healthy whack out and ultimately still HODL a stack, if you believe the 10 year forecasts for BTC. I'm slightly torn on this though as my hunch is that there may still be some decent upside to BTC, as and when traditional markets fully recover. First rule of thumb for me has always been get the mortgage covered and the kids sorted. Everything else comes way behind those two aims, but at the end of the day, it's a very personal choice and only you will know what profile is acceptable given your circumstances and what is not. Being mortgage free though... It's a nice place to be!
  2. Like
    NottsRam77 got a reaction from Stive Pesley in World of crypto   
    Exactly this 
    we still have to operate in a fiat world
    so our “spendability” (great word lol) has to be measured in fiat. 
     
    if i can protect and grow my money when measured against fiat i will.
    im effectively doing the same when i cash out ill be paying off my mortage, so like u with that deposit on a flat im putting into a “safer” investment ie the bricks and mortar that i live in. 
     
    i mean u could argue, people invest in stocks and shares or gold, u cant spend that at tesco and like bitcoin u have to cash out into fiat too.
     
  3. Like
    NottsRam77 got a reaction from Comrade 86 in World of crypto   
    Exactly this 
    we still have to operate in a fiat world
    so our “spendability” (great word lol) has to be measured in fiat. 
     
    if i can protect and grow my money when measured against fiat i will.
    im effectively doing the same when i cash out ill be paying off my mortage, so like u with that deposit on a flat im putting into a “safer” investment ie the bricks and mortar that i live in. 
     
    i mean u could argue, people invest in stocks and shares or gold, u cant spend that at tesco and like bitcoin u have to cash out into fiat too.
     
  4. Clap
    NottsRam77 reacted to Comrade 86 in World of crypto   
    If you'd bought at £12k 14 months back and sold at £56k you'd probably not be overly stressed though Stive. I don't see fiat as being quite the bête noire that NottsRam does, though I agree with some of the principles he outlines. I'd also argue that 'spendability' (sorry made up word, but you get my drift) will increase as institutional investor holdings grow, though my strategy has always been to trade and play in the cracks and then use any resulting fiat to invest in something with a lower risk profile. The last time I cashed out any significant amoun (alt coins not BTC), I used some of the profits to put a down payment on a flat for the boy and stuck the rest into BTC. I won't get that cash back, so I won't benefit as such, but you can see how others might by adopting the same strategy. The trick is trying to accurately estimate when hold or fold and my thinking on that is not to worry about what you might leave on the table as when the crypto market goes full bearish, it's an overnight thing and that's really the only thing that gives me significant pause for thought. 
  5. Like
    NottsRam77 reacted to Stive Pesley in World of crypto   
    I understand why you would (from all the very well reasoned posts you've made) - but to me, option C is by far the highest risk strategy (unregulated and volatile) of the 3 - hence one of the reasons I'm disinclined to go anywhere near it. Also ethically I don't feel comfortable with it, as I've mentioned before a few times!
     
  6. Like
    NottsRam77 got a reaction from Stive Pesley in World of crypto   
    Multi sig wallets.
    as i mentioned, it takes some planning but no more than a will does
    but lets be honest when ur young ur not thinking about planning ahead and when ur gone 
  7. Cheers
    NottsRam77 got a reaction from Comrade 86 in World of crypto   
    Some great points 
  8. Like
    NottsRam77 reacted to Stive Pesley in World of crypto   
    Key difference is that those accounts are deliberately secret and the owners never mention them. As opposed to BTC where the HODLers never shut up about how much they are into their crypto 😂
    Oh definitely - which is why there is a whole industry of "estate hunters" trying to track down obscure 5th cousins for a percentage of the pot in all these unclaimed estates. Because probate law applies and if you can prove you are the next closest living relative, the bank will release the funds. Crypto is just a dead duck though. You'll be dead before you brute force a SHA-256 hash
  9. Like
    NottsRam77 reacted to GboroRam in World of crypto   
    I'm trying to get my head around this at a macro level and I'm struggling tbh. It's a complicated subject and I'm not an economist. 
    I can see that inflation happens as a result of the capitalism ponzi scheme. Governments issue debt to banks at an interest rate, which creates money. More money creates inflation. Governments use this method of kicking the can down the road to let future generations pay for today's spending. 
    So if you stop the money creation, you stop the inflation - but you stop governments from spending money outside of what bitcoin mining allows for the creation of. Currently governments metaphorically click their fingers and money is created. 
    The population is growing, but if money creation is slower than the population increase, effectively your money value goes down. Unheard of with bitcoin, because it's value only goes up - because you swap it out for Fiat currency that is in plentiful supply. 
    I'd say if you want to make money out of bitcoin, the last thing you want is to swap it out for Fiat as the basis of your country's economy. 
  10. Haha
    NottsRam77 got a reaction from Stive Pesley in World of crypto   
    The answer to this is a deep conversation that i dont think any of us have the energy for 😂😂
    Shorthand version
    inflation, moving off the gold standard, greedy governments, reckless spending and borrowing, limited supply, deflationary etc etc etc lol
  11. Haha
    NottsRam77 got a reaction from eddielewis in Summer transfer suggestion thread   
    We’re so signing oliver rathbone no matter which league we’re in lol
  12. Like
    NottsRam77 reacted to Mucker1884 in Depression, anxiety, stress and other related issues   
    Such anniversaries are never great mate.  We just have to soldier on, I guess.
    Not long passed both my parents birthdays (late Jan & early Feb), and whilst it does technically "get easier" as the years go by, the fade is admittedly minimal, and it still smarts over 4 decades later (Yeah, they both failed to reach their 50's!)
    Personally, I go for a little nod towards "a birthday celebration", be that a short-sharp happy memory, a raised glass, or even a cheery wave skywards (if nobody's looking!).  It doesn't do to dwell on the negatives, but I appreciate that can sometimes be easier said than done.
    Hang on in there buddy... and give the wave a try to the (not-so) old man, on his birthday!  🍻
  13. COYR
    NottsRam77 reacted to Leeds Ram in Depression, anxiety, stress and other related issues   
    Always hate this month as it would have been my dad's birthday. This year he'd have been 60. Also got the additional stress of my academic job contract running down and trying to work out if I'll get an extension or not... with my industry in the doldrums it's not a fun time to say the least. Also been feeling really down generally with work and struggling to find the motivation to finish what needs to be done. 
  14. Like
    NottsRam77 reacted to B4’s Sister in Depression, anxiety, stress and other related issues   
    It’s a hard week. Daniel’s brick is being laid at PP this week. Daniel loved owls, so I bought a small owl ornament for the brick. Trying to distract myself with work but it’s hard 

  15. Haha
    NottsRam77 reacted to Amberram in Mystery Announcement? Friday 05/04/24 08:20am   
    Ferrie Bodde signing
  16. Clap
    NottsRam77 got a reaction from Ram-Alf in Match Thread: vs Portsmouth (a)   
    My first thought when i saw it unfold was that sibs was wrong side of his/a/ his nearest man. 
     
    one of those things, lovely lay off from bishop i think it was 
  17. Like
    NottsRam77 got a reaction from I know nothing in Match Thread: vs Portsmouth (a)   
    Good point
    like many im sure, a little disappointed we sat so deep so early and invited them on to us. I get why .. just wish we could have been a few yards higher but .. its football, game momentum is a big thing. 
    work rate was phenomenal to a man. 
     
    we go again 
    coyr!!!
  18. Clap
    NottsRam77 reacted to Sam_Brown in Your fans were great tonight.   
    Probably the best away support I’ve seen at Fratton park this season. Draw was probably a fair result and I’d have taken that if you offered it to me before the game.
     
    Safe journey back gents if you’re heading back tonight. I have a four hour plus drive to Norfolk now 🤣🙊. 
  19. Cheers
    NottsRam77 got a reaction from TINMANTED in Match Thread: vs Portsmouth (a)   
    Good point
    like many im sure, a little disappointed we sat so deep so early and invited them on to us. I get why .. just wish we could have been a few yards higher but .. its football, game momentum is a big thing. 
    work rate was phenomenal to a man. 
     
    we go again 
    coyr!!!
  20. Like
    NottsRam77 got a reaction from HorsforthRam in Match Thread: vs Portsmouth (a)   
    Good point
    like many im sure, a little disappointed we sat so deep so early and invited them on to us. I get why .. just wish we could have been a few yards higher but .. its football, game momentum is a big thing. 
    work rate was phenomenal to a man. 
     
    we go again 
    coyr!!!
  21. Like
    NottsRam77 got a reaction from Caerphilly Ram in Match Thread: vs Portsmouth (a)   
    Good point
    like many im sure, a little disappointed we sat so deep so early and invited them on to us. I get why .. just wish we could have been a few yards higher but .. its football, game momentum is a big thing. 
    work rate was phenomenal to a man. 
     
    we go again 
    coyr!!!
  22. Like
    NottsRam77 got a reaction from Stive Pesley in World of crypto   
    I think they would do very well to hoover it all up 
    70% of coins haven't moved in a year
    and 50% havent in since the last bull run.
    there are a lot of long term holders that believe it will go to 1million who wont sell just cos it gets to 100k, 200k etc etc.
    i agree that blackrock are .. well theyre blackrock and your right they are a concern but if they keep buying the price is going to keep going up and up.
    And remember the amount of coins being minted per day is about to be halved (circa 14 days)  .. which on its own has seen exponential growth years gone by. Nevermind when u have some of the biggest hedgfunds in the world hoovering up as much as they can. 
     
    its going to be an interesting ride lol
  23. Clap
    NottsRam77 got a reaction from cstand in World of crypto   
    Describes a little more eloquently than i can 
    https://www.forbes.com/sites/digital-assets/2023/09/21/why-bitcoin-mining-might-actually-be-great-for-sustainability/
    There ya go 
    Stabilizing Power Grids
    Matching supply with demand is one of the most significant challenges facing power providers. Too much energy production can overwhelm the grid. But so can too much demand. This is where bitcoin comes in.
    Bitcoin miners can act as an energy sponge, soaking up excess energy when needed to prevent it from overloading the grid. But they can just as easily shut off at a moment’s notice when demand grows too high, as bitcoin miners did during a heat wave in Texas last month. The ability of bitcoin miners to do everything—or nothing—all at once is a boon to power providers. But it can also benefit customers by mitigating demand spikes to help keep prices low.
    Reducing Methane Emissions
    Methane is a significant driver of climate change. According to the KPMG report, methane is 80 times more potent than carbon dioxide and is responsible for approximately 30% of global warming. To make matters worse, landfills act as methane mega factories, spewing toxic gas into the air as a byproduct of the decomposition process.
    So what to do about all this methane? Believe it or not, bitcoin fixes this.
    Companies are finding ways to capture vented methane on landfills and then turning that methane into electricity. They then use that electricity to mine bitcoin. This practice both reduces carbon emissions and monetizes stranded energy by taking toxic fumes and converting them into digital gold. If the process can be scaled, it could forever change the way landfills operate.
    Other firms are following a similar model by converting flared gas into electricity to mine bitcoin. Like methane capture, this process harnesses energy that otherwise would have gone to waste. Consider that the potential energy of flared gas in the US and Canada could power the entire bitcoin blockchain, according to Harvard Business Review.
     
  24. Clap
    NottsRam77 reacted to DavesaRam in Match Thread: vs Portsmouth (a)   
    Or we take the Brian Clough approach of play to his strengths, ie give him the ball and let him do what he is good at, rather than him spend time doing what he is weaker at. It got the best out of Alan Hinton, and John McGovern - neither of whom were known for “Ebou Adams” like challenges. And no, this isn’t an attempt to compare Brian Clough and Paul Warne! Don’t even go there!
  25. Clap
    NottsRam77 reacted to Gee SCREAMER !! in Match Thread: vs Portsmouth (a)   
    He looks lost when starting games and is best used as an irritant in the last 25 if your protecting a lead.  He'd be swallowed starting in this one.
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