Search found 127 matches

by fatlever
Wed Apr 04, 2018 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Career Move: Please convince me why I should not work in tech
Replies: 59
Views: 4633

Re: Career Move: Please convince me why I should not work in tech

Working at several mega corps, my experience is that age is a non-issue if you have skills and expertise in data science, big data, data analytics, quant space, statistics, number crunching, etc combined with technology. Age becomes a problem when older workers get lazy and comfortable just collecti...
by fatlever
Tue Apr 03, 2018 9:52 am
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 199
Views: 26404

Re: Buying and Spending Bitcoin

The Bitcoin Lightning Network is now live beta. I configured a node and connected to a channel this morning. I bought a sticker during lunch and the payment took about a second to process :D Yes I know it's a sticker, there is no slick UI but gotta start somewhere. So, can you , having adopted Ligh...
by fatlever
Wed Mar 21, 2018 12:48 pm
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 199
Views: 26404

Re: Buying and Spending Bitcoin

Elsewhere, I wrote that bitcoin has slow transactions and high fees, making bitcoin practically useless for buying stuff. In other words, not a good medium of exchange. But how do I know this is actually true and not just a bunch of exaggeration? The fact is, I only know this second hand from other...
by fatlever
Fri Mar 09, 2018 8:04 pm
Forum: Personal Consumer Issues
Topic: Netflix, Your Current Favorite Show
Replies: 556
Views: 61475

Re: Netflix, Your Current Favorite Show

Altered Carbon
Stranger Things
Love
Jessica Jones
Freaks and Geeks
by fatlever
Fri Mar 02, 2018 8:39 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in Freefall
Replies: 166
Views: 18803

Re: Bitcoin in Freefall

I found this a couple weeks ago... https://pbs.twimg.com/media/DVNVlEsVQAAnES-?format=jpg It's very difficult to see how another currency could come to rival the USD. You'd need a country prepared to run a current account deficit for decades to increase the holdings of its currency in foreign hands....
by fatlever
Fri Feb 16, 2018 12:15 pm
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 199
Views: 26404

Re: Buying and Spending Bitcoin

Bitcoin was designed and up to maybe 2015 universally presented as a practical payment system, not a base technology on which others could build a practical payment system someday. It was supposed to directly compete with credit cards and PayPal online. Actually if you dig down to the founder's com...
by fatlever
Thu Feb 15, 2018 10:20 pm
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 199
Views: 26404

Re: Buying and Spending Bitcoin

If one purchases something with by using bitcoins that have appreciated in value since the bitcoins were obtained, is one supposed pay tax similar to capital gains? Technically yes since the IRS treats it as property that you sell and then use those funds to purchase something. But when buying a so...
by fatlever
Thu Feb 15, 2018 8:33 pm
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 199
Views: 26404

Re: Buying and Spending Bitcoin

It sounds like Bitcoin needs the Lightning Network to become a useful payment system. But does the Lightning Network need Bitcoin? Lightning Network is actually live on the Bitcoin mainnet right now. There are 700+ nodes and about $48K worth of bitcoin in the open channels. You can explore the node...
by fatlever
Tue Feb 06, 2018 10:16 am
Forum: Investing - Theory, News & General
Topic: "Bitcoin is my potential pension"
Replies: 54
Views: 8018

Re: "Bitcoin is my potential pension"

If you need any schadenfreude and also reassurance that the Bogle way is best, read some Bitcoin Reddit, particularly the Daily Discussion. Lots of people "buying this dip" or "selling at a loss to buy in cheaper" or "have to sell at a loss because I have to pay the money back in two weeks." https:...
by fatlever
Mon Feb 05, 2018 11:54 am
Forum: Investing - Theory, News & General
Topic: "Bitcoin is my potential pension"
Replies: 54
Views: 8018

Re: "Bitcoin is my potential pension"

The belly aching on Reddit about having to pay capital gains taxes on bitcoin has been amusing. I was very tempted to suggest muni bonds if they didn't want to pay taxes. Accurately calculating how much taxes you own is actually an impossible task when you have thousands of transactions across 10-1...
by fatlever
Fri Jan 26, 2018 10:23 am
Forum: Personal Consumer Issues
Topic: Still using a 5 year old iphone 5. Who's with me? No new phones!!!
Replies: 151
Views: 8926

Re: Still using a 5 year old iphone 5. Who's with me? No new phones!!!

randomizer wrote:
Fri Jan 26, 2018 3:18 am
As long as the battery still holds a charge, seems good to me.
I refuse to get a phone that doesn't allow you to swap batteries.

I've had a Samsung Galaxy Note 3 since 2013. It does everything I need it to and I use it heavily. Get a new battery for $10. It feels like I got a new phone.
by fatlever
Tue Jan 23, 2018 9:44 pm
Forum: Investing - Theory, News & General
Topic: likely date for a bitcoin crash: does this make sense to you?
Replies: 114
Views: 10420

Re: likely date for a bitcoin crash: does this make sense to you?

“Cryptocurrency” (I even hate typing it) is literally the only thing in my life I ever extensively researched and then came away understanding less. FOMO might as well be it’s ticker symbol at this point The Blockchain quite simply is an innovation will allow you to carry out a transaction without ...
by fatlever
Thu Jan 18, 2018 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Lets talk about some favorite index funds?
Replies: 32
Views: 1859

Re: Lets talk about some favorite index funds?

It is my GREAT honor to be the first one in this thread to say it: Vanguard Total World Stock Index Fund . The most Boglehead fund in existence. Enjoy my friends :sharebeer I did the least Boglehead thing you could do making money in crypto and I've been pouring it into VT as an indulgence for my s...
by fatlever
Thu Jan 18, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: How to max out 401k
Replies: 19
Views: 1744

Re: How to max out 401k

Unless you work for a very small company, your 401k deduction will stop when you hit $18,500. I wouldn't go with that assumption. This wasn't true at a LARGE company I worked at. I am now with one of the biggest financial services companies which handles retirement accounts for tons of companies. W...
by fatlever
Fri Jan 05, 2018 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: If you could live off your taxable account is it wise to put all your work money in a 401k?
Replies: 18
Views: 2243

Re: If you could live off your taxable account is it wise to put all your work money in a 401k?

The maximum I've been allowed to contribute at any place I've worked is 50% of my income per paycheck. So I doubt you'd be able to max. You could check if you have a Roth and max the Roth if you really don't need your income at all. Putting it into a Roth 401K effectively allows you to contribute mo...
by fatlever
Fri Jan 05, 2018 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: Cryptocurrency Exit Strategy
Replies: 52
Views: 4809

Re: Cryptocurrency Exit Strategy

I would not fully exit. Fearing a crypto bear market, I took 50% out (pretty much all profits, DCA and no more real money invested since June), paid a big chunk of the mortgage and put it into VT Taxable. I felt even more comfortable taking a bigger gamble and put a few thousand into RaiBlocks (thin...
by fatlever
Tue Jan 02, 2018 11:19 am
Forum: Investing - Theory, News & General
Topic: What the experts say about Bitcoins?
Replies: 114
Views: 8352

Re: What the experts say about Bitcoins?

At their peak, my altcoins purchased 12/9 were up 77%. Now they're up a mere 46%. Is the momentum gone? Should I sell??? What are you holding? Besides some bags of timelocked Bitcoin, I took most my crypto money out to take another big bite out the mortage, max my Roth-IRA and poured into some VT i...
by fatlever
Tue Jan 02, 2018 10:03 am
Forum: Investing - Theory, News & General
Topic: What the experts say about Bitcoins?
Replies: 114
Views: 8352

Re: What the experts say about Bitcoins?

At their peak, my altcoins purchased 12/9 were up 77%. Now they're up a mere 46%. Is the momentum gone? Should I sell??? What are you holding? Besides some bags of timelocked Bitcoin, I took most my crypto money out to take another big bite out the mortage, max my Roth-IRA and poured into some VT i...
by fatlever
Wed Dec 27, 2017 2:54 am
Forum: Investing - Theory, News & General
Topic: How to setup a crypto-currency "index fund" (Bitcoin, etc.)
Replies: 77
Views: 6571

Re: How to setup a crypto-currency "index fund" (Bitcoin, etc.)

So maybe I should have bought some Bitcoin a few years back when it was $1000 :P In all seriousness, let's say I have some play money that I can lose. What's the right way to speculate in crypto-currency? Do you hold a diversified basket of cryto-currency, bitcoin and some other competing currency?...
by fatlever
Fri Dec 22, 2017 11:52 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in Freefall
Replies: 166
Views: 18803

Re: Bitcoin in Freefall

Lost ~1/3 today. But why? That's a huge move, which *should* be accompanied by serious volume. Any word as to what is going on? Year end profit taking for Capital Gains Tax reasons? There is a bunch of breaking news about N Korea hacking a bunch of bitcoin exchanges. At least one S Korean exchange ...
by fatlever
Wed Dec 20, 2017 2:09 am
Forum: Personal Consumer Issues
Topic: Help Me [Recover] My Bitcoin!
Replies: 93
Views: 12574

Re: Help Me Cash Out My Bitcoin!

I'm far from "set." The coinbase transaction has not taken place as of now (and I doubt that it ever will). It's not logical that my BTC sand private key can be transfered to my coinbase wallet and not to other wallets. Besides, BTC is starting what may be it's inevitable crash and I still don't ha...
by fatlever
Tue Dec 19, 2017 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Memories over money
Replies: 40
Views: 3038

Re: Memories over money

I think trips are fine for memories. However for me it is some of the other things in my life that made the best memories. My dad did the grocery shopping and I came along. So many wonderful memories. We would have a treat at the local Walgreen's drugstore. Toast and jelly! Dad would also have tea ...
by fatlever
Tue Dec 19, 2017 2:16 pm
Forum: Personal Consumer Issues
Topic: Help Me [Recover] My Bitcoin!
Replies: 93
Views: 12574

Re: Help Me Cash Out My Bitcoin!

Thank you! This was very informative. I'm ready to transfer my BTC into my new coinbase wallet but I still don't have the private key for it. If coinbase accepts the BTC (and charges me) won't the BTC still be in a "watch only" status and unavailable to be spent by me? All exchanges including coinb...
by fatlever
Sun Dec 17, 2017 10:36 am
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 140
Views: 8045

Re: New job offer - background check

I have a formal job offer letter coming tomorrow. I assume there will be a form for me to sign agreeing to a background check and that the job is contingent upon a successful background check. .. .... ....... HR people, business owners and others with experience in this area, what would you recomme...
by fatlever
Thu Dec 14, 2017 6:18 am
Forum: Investing - Help with Personal Investments
Topic: Quantity of places to hold assets
Replies: 11
Views: 1005

Re: Quantity of places to hold assets

Taylor has a list of reasons he feels are beneficial to holding assets at one administrator. Some of the reasons are: Easier to manage Easier for heirs to manage Benefits are afforded to biggest customers Usually lower ERs, trading costs Fewer tax forms to organize I'm in favor of keeping the numbe...
by fatlever
Wed Dec 13, 2017 12:34 am
Forum: Investing - Help with Personal Investments
Topic: What to do after losing $117k in stock market?
Replies: 156
Views: 17708

Re: What to do after losing $117k in stock market?

Yes, I feel like the biggest idiot especially in this bull market. I only started investing 3 years ago and got involved in high risk stocks (oil and biotech). Made some really bad picks and took a massive lost. I try to ignore thinking about how much I've lost because I feel ashamed and embarrasse...
by fatlever
Mon Dec 11, 2017 7:49 pm
Forum: Investing - Theory, News & General
Topic: Robert Shiller warming up to Bitcoin
Replies: 7
Views: 1709

Re: Robert Shiller warming up to Bitcoin

He's backtracking. He's called it "fad" and "a clear example of a bubble" before. Now he snuck in the interview that "brilliant people have been wrong" and he could argue that Bitcoin could succeed. Now that it's gaining momentum for mainstream adoption, the best thing to say for critics like him fr...
by fatlever
Mon Dec 11, 2017 9:44 am
Forum: Investing - Help with Personal Investments
Topic: Bitcoin IRA
Replies: 28
Views: 2792

Re: Bitcoin IRA

Makes me wonder.. If Bitcoin goes to $20K by end of 2017, 40K by 2018, and $100K by 2020, will people on this board keep saying "too late to the game" "end of the Bitcoin bubble" then? :D Bogleheads called Bitcoin a bubble at $8, check out the 2011 thread: https://www.bogleheads.org/forum/viewtopic...
by fatlever
Sun Dec 10, 2017 9:00 pm
Forum: Investing - Theory, News & General
Topic: Buying index funds is just as speculative as buying Bitcoin
Replies: 64
Views: 4536

Re: Buying index funds is just as speculative as buying Bitcoin

Lightning Network is a technology which allows instant micropayments anywhere in the world... Lightning Network is not a technology yet. It is a controversial proposal that hasn't been completed, much less implemented. It was said in the past that bitcoin would allow instant micropayments anywhere ...
by fatlever
Sat Dec 09, 2017 10:54 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin now the largest quantifiable bubble in history?
Replies: 89
Views: 7742

Re: Bitcoin now the largest quantifiable bubble in history?

I have cash out all of my initial capital in Bitcoin. Price per BTC reached ~$18,500 two days ago, and today it is precipitously dropping and is now under $14,000. I wouldn't be surprised if it is under $10,000 by weekends end. I just cashed out around ~$15,000 per BTC and now hold a little Bitcoin...
by fatlever
Sat Dec 09, 2017 9:57 am
Forum: Personal Finance (Not Investing)
Topic: At what age your investments start making more money than you?
Replies: 107
Views: 8181

Re: At what age your investments start making more money than you?

This is pure for fun. It is not a worry or concern. I just remember how excited my wife was when I explained we had a minimum wage worker busy over there at Fidelity working full time putting money into our accounts. (once our growth was greater than 2080 hours X $8.25per hour. I just was wondering...
by fatlever
Fri Dec 08, 2017 11:48 pm
Forum: Investing - Theory, News & General
Topic: A message from Bitcoin wallet Coinbase
Replies: 1
Views: 952

Re: A message from Bitcoin wallet Coinbase

If you have a Coinbase account, you should be selling/exchanging it on GDAX which is their exchange. GDax fees are at most .25%. You can also use Gemini (Windlevoss twins) same fee. Bitflyer the Japanese exchange is also coming to the US; it already has but you can't do ACH transfers. It appears tra...
by fatlever
Thu Dec 07, 2017 4:54 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin now the largest quantifiable bubble in history?
Replies: 89
Views: 7742

Re: Bitcoin now the largest quantifiable bubble in history?

Tyler Aspect wrote:
Thu Dec 07, 2017 4:40 pm
I would say when grandmas or grandpas start buying bitcoins, then the crash is not far away.
Grandma is one step ahead of Bogleheads :mrgreen:

https://www.wsj.com/articles/bitcoin-ma ... 1511996653
by fatlever
Thu Dec 07, 2017 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 149
Views: 17468

Re: A good friend has nearly $1M in BitCoin what do I tell him?

Granted, he “saw the light” nearly 4 years ago, when BTC was $114. He bought $10K worth. I’m thinking it might be time to take some profits. He is a working stiff, but also a business man and a smart one at that. His opinion is that if if it goes to zero, $10K won’t break him, but if he sells, he m...
by fatlever
Thu Dec 07, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money
Replies: 76
Views: 7161

Re: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money

I've been in IT on and off in European countries and now here in the US for more than 20 years. I've worked in small tech companies in Europe and 3 major financial services companies/banks here in the US. I took left a high paying but high stress/responsibilities position for about a 40% pay cut to ...
by fatlever
Thu Dec 07, 2017 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Want to sell my Bitcoin, but when?
Replies: 90
Views: 9143

Re: Want to sell my Bitcoin, but when?

I sold half of mine today. Made enough to cover my original investment. Way too much new money coming in. I had 3 friends all sign up and buy today. Thats my sign to leave for a while. Nice! I missed the $19k+ run up or I might have been tempted to let some go at that point. Dropped 20% since then ...
by fatlever
Thu Dec 07, 2017 9:32 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 214
Views: 26551

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

Bitcoin has been fueled by speculation but what if it results in an economic black swan event? You are calling it a black swan when we are smack in the middle of it not knowing if it is a black swan event or a bear's den. Seems like a foolish conclusion with limited data. I am not saying it's a bla...
by fatlever
Thu Dec 07, 2017 8:29 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 214
Views: 26551

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

That is exactly what it is. It's pure greed betting on the thought that it will go higher. This is the same route with the Dutch and tulips. This is the same route of the dot com bust. This is the same route when it came to flipping houses before the 2008-2009 Great Recession. If one was already in...
by fatlever
Wed Dec 06, 2017 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Want to sell my Bitcoin, but when?
Replies: 90
Views: 9143

Re: Want to sell my Bitcoin, but when?

coalcracker wrote:
Fri Dec 01, 2017 7:04 pm
I bought about $7000 worth of Bitcoin and Ethereum in July as an experiment and learning process. Well, it is now worth about $21,000.

It's been like a week, what is with now $30,000? :mrgreen:
by fatlever
Tue Dec 05, 2017 5:31 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 21980

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

I found this article/video on Business Insider informative: Economist Jim Rickards on gold versus bitcoin — intrinsic value is meaningless for both but the bitcoin prices aren't real . Yes, the guy with 100% certainty claims its a scam, a bubble, unsustainable, etc. Nothing new there. On the other ...
by fatlever
Mon Dec 04, 2017 8:21 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 263
Views: 39359

Re: What is Bitcoin?

I was not able to set the miner's fee myself when I spent bitcoin. I have Mycelium Wallet for iOS and it sets the miner's fee automatically. The user can only choose among: LOW PRIORITY ECONOMY NORMAL PRIORITY Which Bitcoin Wallet do you use that allows you to set the miner's fee? You can use Elect...
by fatlever
Sun Dec 03, 2017 7:01 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 263
Views: 39359

Re: What is Bitcoin?

You found a 191 bytes transaction for $1820 (0.155136) that paid a miners per byte of 14.66 sat/B, total miner's fee $0.33 (0.000028 BTC), and was confirmed in 16 minutes. First, the fee is not based on the amount of the transaction, but on the the size in bytes. Whether it was for $1.82, $1820, or...
by fatlever
Sun Dec 03, 2017 2:20 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 263
Views: 39359

Re: What is Bitcoin?

Apparently you haven't read grayfox's thread on his actual experience Buying and Spending bitcoin . It apparently isn't practical for ordinary people in real-world transactions any more. I am not going to doubt anybody but I've sent dust transactions, moving spare change from different addresses to...
by fatlever
Sun Dec 03, 2017 1:35 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 21980

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

Why not short bitcoin? Keynes... "The market can remain irrational longer than you can remain solvent." Yeah, there's a bitcoin bubble. Bitcoin's value is destined to plummet. Sometime. But will that happen before or after I get wiped out by shorting it? I'm not an experienced bitcoin shorter, but ...
by fatlever
Wed Nov 29, 2017 11:35 am
Forum: Investing - Theory, News & General
Topic: Bitcoin: What is it, in Plain English
Replies: 116
Views: 19532

Re: Bitcoin: What is it, in Plain English

[Note: restarted thread, check posting dates] What, in plain English, IS bitcoin? And how can I as an investor or consumer benefit? I love looking back at this thread from 2011. This OP was probably the most intelligent question to ask when Bitcoin was $8 and even now. The easy answer without doing...
by fatlever
Tue Nov 28, 2017 8:45 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 214
Views: 26551

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

Also Warren Buffet when Bitcoin was priced at $290: "Bitcoin is a mirage, stay away from it" As much respect as I have for Warren Buffet and Jack Bogle, it's outside their "circle of competence" as Buffet says. But then Warren Buffet's buddy Bill Gates says: Bitcoin is better than currency Nobody ca...
by fatlever
Mon Nov 27, 2017 6:08 pm
Forum: Investing - Theory, News & General
Topic: CNBC says Vanguard says 70% Chance of "Correction"
Replies: 63
Views: 8428

Re: CNBC says Vanguard says 70% Chance of "Correction"

It's not like there's some amazing underlying insight here, though, and I don't think anybody really trusts Vanguard's simulation to be perfectly accurate in a statistical sense. There's a lot of residual randomness left even for those who think they can do better than "don't know." I worked on the...
by fatlever
Sun Nov 26, 2017 9:32 pm
Forum: Investing - Help with Personal Investments
Topic: Didn't buy Bitcoin at $4600
Replies: 138
Views: 11978

Re: Didn't buy Bitcoin at $4600

unfortunately many many folks can lose as well because bitcoin hacking is real. The article is misleading. It's not Bitcoin hacking. The exchanges that hold Bitcoin were hacked. If you keep your Bitcoin in your own wallet, keep your private keys and your computer secure, nobody is going to get your...
by fatlever
Sun Nov 26, 2017 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: Didn't buy Bitcoin at $4600
Replies: 138
Views: 11978

Re: Didn't buy Bitcoin at $4600

ClevrChico wrote:
Sun Nov 26, 2017 11:12 am
I'm reading about low income folks buying in now to get rich. That's a big red flag for me.
  1. Bitcoin@ $100 tech geeks buying
  2. Bitcoin @ $5,000 poor and dumb buying
  3. Bitcoin @ $25,000 packaged in an ETF, smart and savvy investors buying
by fatlever
Sun Nov 26, 2017 11:18 am
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 199
Views: 26404

Re: Buying and Spending Bitcoin

So everything is on 15% discount. Christmas big purchase items should be 75% discount. I wouldn't keep a lot of money in exchanges though. I don't even trust myself -- a lot of my Bitcoin in timelocked addresses only to be released in 2018, 2019 and 2020. Smart money 8-) Wait...what? Smart money? B...