OT: Sens Lounge: "Pleeease won't you be.....my neighboµr"

[Tnuoc Alucard]

What is your point?

That Bitcoin Surged To a new High Above $76,000, earlier this week….. ?

 

[Mingus Dew]

You guys are noobs. Go to grocery stores that price match and use the cashback cc that gives you the highest % on groceries.

Also buy bitcoin, you noobs. How on earth have none of you at least bought some BTCC in your tfsa's?

I gave you all the recipe for financial freedom and instead you guys made chili

You personally have made me a lot of money with your conviction my dude.

Some of us listened

 

[Beech]

For the record, cocaine production is also at its highest ever and the accompanying violence is destroying Central and South America.

You must forgive me MAC, but I feel no sympathy.

We are a society that has failed to take the second step out of the cave. Or have the intelligence to back pragmatic measures, even if they are harsh.

We are horrified at cocaine, yet consume it. We are horrified at addiction, yet any harsh crack down on the trade is met with public outrage.

We scream about poverty, yet have 4 plus kids
We scream about poverty, yet waste what little money we make on idiotic spending. It is the poor who smoke and drink. It is the poor women who gets her hair done regularly ad visits the nail salon and buys the signature brand clothing.
The rich person shops at GT boutique. Come and visit us in Manotick, see the expensive cars at the GT boutique parking lot. The rich person has one or two kids.

A society chasing polar extremes. One that is not disciplined and smart enough!!! Well "you get what you get".


This will get this post deleted.... Gaza and Lebanon 10 and 12 kid families. Extreme poverty and other issues. And then they scream help us.

In August CNN did a report on the outbreaks of Polio in Gaza.... A baby had developed it. They interviewed the Mother and did a small report. She could not have been older than 35 and had 11 kids. imagine this MAC, 11 kids.. and still young enough to have 11 more!!!

How do you expect civilized behavior when you are dealing with that?


And so, what happens in the cocaine world, happens. I keep my distance and learn to turn my head.

 

[2CHAINZ]

You personally have made me a lot of money with your conviction my dude.

Some of us listened

 

[Stylizer1]

So, dipped into the grocery store today and stewing beef on sale for a great price of $11.00/kg. Each were a little over a kg so it ended up being around $6 for 1.25lbs.

At 4oz a portion = 4 portions per lb

4 packs came to 50$

So,

$50/32, 4oz portions = $1.56 a portion.

BOOMSHAKALAKA!!!

 

[maclean]

So, dipped into the grocery store today and stewing beef on sale for a great price of $11.00/kg. Each were a little over a kg so it ended up being around $6 for 1.25lbs.

At 4oz a portion = 4 portions per lb

4 packs came to 50$

So,

$50/32, 4oz portions = $1.56 a portion.

View attachment 927852

BOOMSHAKALAKA!!!

Btw, you have a big chest freezer for all this?

My freezer's not tiny, but with three drawers, it's got one full of organic pork from a pig some friends and I butchered ourselves (so worked out to less than 6 bucks a kilo), one is full of bread I pick up when it's on sale at the end of expiry, and one is other odds and ends. Not really the space to go all out when I come across another good sale unfortunately.

 

[Micklebot]

Btw, you have a big chest freezer for all this?

My freezer's not tiny, but with three drawers, it's got one full of organic pork from a pig some friends and I butchered ourselves (so worked out to less than 6 bucks a kilo), one is full of bread I pick up when it's on sale at the end of expiry, and one is other odds and ends. Not really the space to go all out when I come across another good sale unfortunately.

I was going to say, part of the "cost" of being able to buy in bulk when things are on sale and freeze stuff for later is being affluent enough to have the ability and resources to have a deep freeze and storage. My food costs dropped a fair bit when I bought a house and had the space for a freezer. There's also the cost of time to prepare your own meals, for some people that just means not watching as much TV, but for some it might mean sacrificing something else (like shifts)

Depending on where you live, shopping around for deals might not be an option, especially if your local grocery store doesn't price match and you rely on public transit.

 

[BonHoonLayneCornell]

Is Bitcoin fairly low entry or do you need $1000's to put towards it? And how do you buy said Bitcoin? Broke ass single dad asking lol.

 

[Micklebot]

Is Bitcoin fairly low entry or do you need $1000's to put towards it? And how do you buy said Bitcoin? Broke ass single dad asking lol.

you can buy a fraction of a bitcoin, so even if it's $1000 per. you can still buy some.

 

[2CHAINZ]

Is Bitcoin fairly low entry or do you need $1000's to put towards it? And how do you buy said Bitcoin? Broke ass single dad asking lol.

You can buy bitcoin at any amount off any exchange like Kraken or coinbase. You can also purchase the bitcoin etf in Canada it's BTCC, you can buy the etf in your tfsa and get tax free exposure to bitcoin.

 

[BonHoonLayneCornell]

You can buy bitcoin at any amount off any exchange like Kraken or coinbase. You can also purchase the bitcoin etf in Canada it's BTCC, you can buy the etf in your tfsa and get tax free exposure to bitcoin.

And what happens after I buy it? I just leave it there for years and one day draw it out at hopefully some gains or is there a different strategy?

 

[2CHAINZ]

And what happens after I buy it? I just leave it there for years and one day draw it out at hopefully some gains or is there a different strategy?

Well you can sell it for a loss if you prefer.

 

[BonHoonLayneCornell]

Well you can sell it for a loss if you prefer.

Lol, fair, dumb question I guess. I've never invested and my parents were basically financially illiterates and broke before they passed, so I'm a dummy when it comes to anything to do with investing. Don't worry, I don't actually have any spare money to invest anyways, I was just curious.

 

[DrEasy]

Lol, fair, dumb question I guess. I've never invested and my parents were basically financially illiterates and broke before they passed, so I'm a dummy when it comes to anything to do with investing. Don't worry, I don't actually have any spare money to invest anyways, I was just curious.

I was a dummy too until fairly recently. WealthSimple is an app you can install, and you can transfer some money in there with which you can buy stocks or ETFs such as this BTCC thing. Unlike with normal banks there is no minimum amount (my wife just has a fraction of a single Shopify stock lol), and more importantly no transaction fee! I'm only dipping my toe in the water at this point, because it very much feels like gambling, but so far it has been working for me. I just buy something, never sell it if I'm making a loss, and occasionally I sell to pocket the profit, and repeat/recycle.

For me I've mostly gone with ETFs that pay a pretty stable dividend. But sometimes I buy some stock based on a hunch too...

edit: I have another rule too, which is that I don't buy something I don't understand. That's partially why I've stayed clear of BTCC, to my detriment apparently!

 

[Mingus Dew]

Some people look at inflationary currencies like the USD and long term they view BTC as an alternative and a hedge. A more sound store of value. These are the maximalists. They don’t buy BTC so much as they sell fiat currency. They will probably hold forever and maybe take loans against their BTC holdings for immediate liquidity in the future.

Other people are traders. They are buying a speculative asset to sell it later for a gain. These folks are less concerned with what BTC will or won’t be in 30 years and more concerned with making a smart investment and profit.

Personally I’m somewhere in between. I will always hold some minimum amount because the Austrian economist in me (some things never die although I abandoned the worldview long ago) can’t resist. But I’ll be selling next year if my price target is met. If not, I’ll hold and wait. No fees to hold BTC so if you don’t invest more than you’re able to lose comfortably you’ll be able to survive a very long time horizon.

That said, all of us late adopters are losers in the greater scheme. The folks that saw this opportunity many years ago, like @2CHAINZ, have won the game already.