Divorce in the Age of Bitcoin: What You Should Know

New husband vs kids

I am remarried and I need advice on the most recent situation of Husband vs kids. Some background. I've had 2 previous marriages each resulting in 1 kid. Was a single mom for 10 years before marrying for the 3rd time. My kids are pleasant with my current Husband but don't love him & tolerate him only for myou sake I think. They just never bonded. Kids are 19 & 16. Been married 5 years. My husband is foreign. I got married too fast without fully knowing him. I thought we'd learn & grow from our differences and being from different cultures & backgrounds would be interesting....but it's just a mess. He is selfish as far as only doing what he wants when he wants, close minded, judgemental, not nurturing or caring, lazy as far as holding down a job...then comes up with shady business ideas or loses money on bitcoin or stock market thinking he's some financial guru, we don't share money btw and I pay a larger percentage of the bills due to my kids living in the house he insists I should pay more to cover them, despite him earning more when he actually works, he does not do any daily tasks of cleaning laundry cooking errands ect. He does not really add anything of value to my life. I'm happy in general and have a good life, he's not out drinking, drugs, cheating, ect. He just isn't a good loving Husband. It's like a 1950s marriage where he has very outdated ways & believes he is the boss. Even though he is not the breadwinner or providing what I think a man should to the household or relationship. He is demanding and controlling & I've known he spies on my phone & tracks everything I do, but tonight I find out he's doing the same spying & tracking to my 16yr old daughter despite her being on her dad's cell phone plan. Apparently there's Spyware he uses without even accessing our phones. He is pissed off because she's been texting with a black boy from school. My husband is from South Africa and very anti black, openly prejudice. He's threatening divorce because my daughter is involved with a black boy & says I promote it & people in his home country are being killed by blacks daily & he will not tolerate this under his roof. Well, I have a problem with him spying on my daughter without my permission & when I questioned how he does it or why he was doing it without my knowledge or permission, he gets angry. After some heated discussion (more like him expressing his demands while I stood there) I said I'd talk to my daughter about the situation and discourage the relationship as well as not allow her phone use over night, he said some of the texts were at 3am. I do not want to spy on my kids, I trust them, I don't want to damage my relationship with my daughter cuz teens already pull away & rebel. This is a critical time in her life & I want a good relationship, but I also don't really want another failed marriage. I have listed some of his bad qualities & there are even more...and only a few things I actually like about him. But I feel trapped. We invested in an old house that needs more work before we could sell it. It's impossible for me to even attempt so see a lawyer or look for an apartment with out him knowing. He will make life a living hell if he suspects I'll leave. He's threatened in the past to post personal things all over social media or call family & friends spreading half truths if we ever go thru a divorce. The scary thing to me is that he has full access to all our phones thru this spy software, so how would I ever be free of him??? I know in the long run this is not a healthy marriage and since he is not willing to ever learn or compromise it will likely end. Now just isn't the right time, for a few reasons. How can I deal with the current situation of him spying on my daughter's phone & forbidding the texting with the kid he doesn't approve of?? I don't know what to do in order to keep our living situation peaceful for now. Does anyone agree with him? Was it ok for him to spy on her without my permission?
submitted by Krandom1 to blendedfamilies [link] [comments]

Buying a home for my dad and having him use gift exclusion for "rent".

Hi All, Looking forward to your answers/thoughts on my idea here, hopefully will get some good conversation going.
Background on me…
25 Years Old (May 2018 graduate)
From Dec-18 thru March-20 I work/worked as an Engineer in the Oil and Gas industry overseas (currently on furlough due to travel into my work country being completely closed with a potential return date of 15-Sep)
Net worth $107k (Cash 14k / Bitcoin 41k / Crypto 7k / 401k 30k / Roth IRA 32k / Other Stocks 7k / Silver 4k / Student loans -28k)
2019 income $112k (net ~$100k) should do ~$100k gross this year as well (not sure on net as being in the States on unemployment likely will affect my ability to deduct foreign income)
Idea…
My dad (56 w/ +$3mil net worth) has been renting the same house for 11 years since my parent’s divorce. His landlord owns an identical house next door that just had the tenant move out and he told my dad he is looking to sell it. My dad loves the house he is in (location is perfect right on a bike trail ~25 minutes outside a top 30 population city) and his biggest worry is the landlord also selling his house and having to find a new place. Being a believer in homeownership I’ve previously told my dad I would buy him a house and rent it back to him and with interests rates as low as they are it seems as good a time as ever to start building a rental portfolio.
Obviously my biggest concern is mixing family and money however we have always been a very open family when it comes to talking about money and having been at home for 3 months during COVID I don’t see my relationship with my dad having any issues.
Questions… 1) Can I have my dad give me 15k per year as a gift (tax exclusion) and let him live there rent free? This would be a huge help in terms of cash flow as our main idea/goal with this is to stop transferring his worth to someone else and instead keep it in the family and would also allow us to keep his “rental payment” below market value (currently pays $1150 with comps going for $1400-1500 / month).
2) Any other tax issues that I am not thinking of?
3) Insurance wise I would obviously get dwelling, property, liability, and an umbrella policy to cover my needs. Anything I am missing here?
Obviously will run all of this by a financial advisor if we plan on going forward with it but I felt like this would be a great way to get a start on future financial planning for my family going forward.
submitted by Gas______oil__ to personalfinance [link] [comments]

Bitcoin is a sleeping bull. Here's why:

  1. Accumulation by institutions: Overlay the NASDAQ chart over bitcoin and you see incredible increase in correlation since November 2019. What has happened here? Simple, the retail investors/miners who have been selling for the last 3 years have been selling to institutions, rather than fellow retail investors. Bitcoin did not die, it was just entered a bear market where money traded hands from retail and into institution's hands.
  2. Buy the rumor sell the news: digital dollar. For those of you who do not know, there has been strong bipartisan interest in the United States creating their own digital currency, using blockchain technology. There was legislation hidden for the creation of this digital dollar inside one of the early stimulus bills that almost passed.
  3. Technical analysis: If it bitcoin breaks 10.5k, expect an explosive price pump to 14k, and I honestly don't think 14k will be very strong resistance, I honestly would expect the most serious level of resistance will be around 19-20k. If bitcoin fails to break 10.5k, expect a shakedown to the 20 week moving average which currently is around 8.2k.
  4. Gold fundamentals are bitcoin fundamentals, both are stronger than ever: The idea of having a currency that is finite, and divorced from any centralized bank or government is super attractive in the post covid world we live in today. Countries have getting a little too comfortable pressing the print button to print their way to riches. On the very long time frames, birth birthrates are freefalling on the global level, especially among the wealthiest countries whose currencies' supply are inflating exponentially to record highs. The supply of unbacked fiat will at some point surpass the demand and we will see the age of centralized banks come to an end.
  5. Bitcoin has already overtaken silver: Bitcoin has a market cap about 4 times larger than silver, and gold has a market cap about 75 times larger than bitcoin. Bitcoin has plenty of room to grow in this niche, and the digitization of it's nature could allow for it to expand in many areas where gold can not.
  6. The inflation rate gets cut in half every four years: it's current yearly inflation rate is 1.80%. In four years, the inflation rate will be approximately 0.9%. In 8 years, the inflation rate will be at ~0.45%, etc... Even if the demand stays the same for gold and bitcoin, bitcoin will overtake gold's market cap in a few decades just by looking at the stock to flow ratio of both commodities.
submitted by ShotBot to investing [link] [comments]

I did it.

12 years of disciplined boring investing almost all in SPY and later VOO and I am a millionaire in my late thirties.
900k from index funds and 200k from real estate.
Started with zero. No inheritance. Separate money from my wife (not counting her assets or contributions). Made mid five to low six figures income the whole time. One kid... now two.
edit 1
I actually did not thing anyone would respond to this but a lot of people did. Some asked for proof. Here it is. Omitting real estate holdings. https://imgur.com/a/zI9UWJa
Also including credit report - no debt outside a used car loan because I will not pay cash when I get money at 3.49%.
Edit 2
People asked for more details.
At a high level I have been investing / studying markets since I was very young. I tried everything (internet stocks, FOREX, Options, Futures, small caps etc) coupled with fundamental and technical analysis. Did OK, even won second place in a trading contest but never got what I wanted.
Like many people I made bad decisions and had divorce, job loss, etc. Even had to close out an IRA in my twenties.
Ended up turning to a disciplined index fund strategy about 12 years ago.
Strategy was to max out 401k and live below my means (old car, no cable tv, make my own food, etc). At the end of each month swept all my pennies into an after tax fund since my 401k was maxed. That is it. Make your own coffee and buy VOO or SPY ideally in a tax advantaged account.
I road this through the 2008/2009 crash - kept my investments and bought more.
I also have small (like 5% of my money) in Bitcoin, Tesla and Pot stocks. This is purely for fun.
A couple people mentioned this was just luck. I think it is important to understand the market will move up, retrace, consolidate and then move higher. The timing of this is somewhat luck. The strategy part is live below your means, buy and accumulate positions for years so when a bull market hits you are in. I guess you can call each runup "luck" except people keep living in debt no matter what their income. I would much prefer people take away an investment strategy that does work if you are a disciplined from someone not born rich and who tried a lot of different strategies.
The takeaway really is with education and discipline you can reach a level of financial independence even after many screwups. I can publish this simple system and honestly few will follow it... There are no ads, systems to buy or affiliate links. I make zero dollars sharing this. I make my own coffee and watch netflix. I invest the rest in index funds. Take a trip or buy something if it really is important to me. That is it.
Edit 3
People asked what is next. Teach my six year old and newborn savings and investing. Opening a ROTH* for the 6 year old and custodial brokerage account for the new addition. They will have millions as a safety net at retirement. They will now know about this money and will need to find their own path in life.
Staying in the market, if it crashes I will buy more.
Stating in until I reach 5-10 million. Don't need the money for a long time...
submitted by ControlPlusZ to investing [link] [comments]

Where is Bitcoin Going and When?

Where is Bitcoin Going and When?

The Federal Reserve and the United States government are pumping extreme amounts of money into the economy, already totaling over $484 billion. They are doing so because it already had a goal to inflate the United States Dollar (USD) so that the market can continue to all-time highs. It has always had this goal. They do not care how much inflation goes up by now as we are going into a depression with the potential to totally crash the US economy forever. They believe the only way to save the market from going to zero or negative values is to inflate it so much that it cannot possibly crash that low. Even if the market does not dip that low, inflation serves the interest of powerful people.
The impending crash of the stock market has ramifications for Bitcoin, as, though there is no direct ongoing-correlation between the two, major movements in traditional markets will necessarily affect Bitcoin. According to the Blockchain Center’s Cryptocurrency Correlation Tool, Bitcoin is not correlated with the stock market. However, when major market movements occur, they send ripples throughout the financial ecosystem which necessary affect even ordinarily uncorrelated assets.
Therefore, Bitcoin will reach X price on X date after crashing to a price of X by X date.

Stock Market Crash

The Federal Reserve has caused some serious consternation with their release of ridiculous amounts of money in an attempt to buoy the economy. At face value, it does not seem to have any rationale or logic behind it other than keeping the economy afloat long enough for individuals to profit financially and politically. However, there is an underlying basis to what is going on which is important to understand in order to profit financially.
All markets are functionally price probing systems. They constantly undergo a price-discovery process. In a fiat system, money is an illusory and a fundamentally synthetic instrument with no intrinsic value – similar to Bitcoin. The primary difference between Bitcoin is the underlying technology which provides a slew of benefits that fiat does not. Fiat, however, has an advantage in being able to have the support of powerful nation-states which can use their might to insure the currency’s prosperity.
Traditional stock markets are composed of indices (pl. of index). Indices are non-trading market instruments which are essentially summaries of business values which comprise them. They are continuously recalculated throughout a trading day, and sometimes reflected through tradable instruments such as Exchange Traded Funds or Futures. Indices are weighted by market capitalizations of various businesses.
Price theory essentially states that when a market fails to take out a new low in a given range, it will have an objective to take out the high. When a market fails to take out a new high, it has an objective to make a new low. This is why price-time charts go up and down, as it does this on a second-by-second, minute-by-minute, day-by-day, and even century-by-century basis. Therefore, market indices will always return to some type of bull market as, once a true low is formed, the market will have a price objective to take out a new high outside of its’ given range – which is an all-time high. Instruments can only functionally fall to zero, whereas they can grow infinitely.
So, why inflate the economy so much?
Deflation is disastrous for central banks and markets as it raises the possibility of producing an overall price objective of zero or negative values. Therefore, under a fractional reserve system with a fiat currency managed by a central bank – the goal of the central bank is to depreciate the currency. The dollar is manipulated constantly with the intention of depreciating its’ value.
Central banks have a goal of continued inflated fiat values. They tend to ordinarily contain it at less than ten percent (10%) per annum in order for the psyche of the general populace to slowly adjust price increases. As such, the markets are divorced from any other logic. Economic policy is the maintenance of human egos, not catering to fundamental analysis. Gross Domestic Product (GDP) growth is well-known not to be a measure of actual growth or output. It is a measure of increase in dollars processed. Banks seek to produce raising numbers which make society feel like it is growing economically, making people optimistic. To do so, the currency is inflated, though inflation itself does not actually increase growth. When society is optimistic, it spends and engages in business – resulting in actual growth. It also encourages people to take on credit and debts, creating more fictional fiat.
Inflation is necessary for markets to continue to reach new heights, generating positive emotional responses from the populace, encouraging spending, encouraging debt intake, further inflating the currency, and increasing the sale of government bonds. The fiat system only survives by generating more imaginary money on a regular basis.
Bitcoin investors may profit from this by realizing that stock investors as a whole always stand to profit from the market so long as it is managed by a central bank and does not collapse entirely. If those elements are filled, it has an unending price objective to raise to new heights. It also allows us to realize that this response indicates that the higher-ups believe that the economy could crash in entirety, and it may be wise for investors to have multiple well-thought-out exit strategies.

Economic Analysis of Bitcoin

The reason why the Fed is so aggressively inflating the economy is due to fears that it will collapse forever or never rebound. As such, coupled with a global depression, a huge demand will appear for a reserve currency which is fundamentally different than the previous system. Bitcoin, though a currency or asset, is also a market. It also undergoes a constant price-probing process. Unlike traditional markets, Bitcoin has the exact opposite goal. Bitcoin seeks to appreciate in value and not depreciate. This has a quite different affect in that Bitcoin could potentially become worthless and have a price objective of zero.
Bitcoin was created in 2008 by a now famous mysterious figure known as Satoshi Nakamoto and its’ open source code was released in 2009. It was the first decentralized cryptocurrency to utilize a novel protocol known as the blockchain. Up to one megabyte of data may be sent with each transaction. It is decentralized, anonymous, transparent, easy to set-up, and provides myriad other benefits. Bitcoin is not backed up by anything other than its’ own technology.
Bitcoin is can never be expected to collapse as a framework, even were it to become worthless. The stock market has the potential to collapse in entirety, whereas, as long as the internet exists, Bitcoin will be a functional system with a self-authenticating framework. That capacity to persist regardless of the actual price of Bitcoin and the deflationary nature of Bitcoin means that it has something which fiat does not – inherent value.
Bitcoin is based on a distributed database known as the “blockchain.” Blockchains are essentially decentralized virtual ledger books, replete with pages known as “blocks.” Each page in a ledger is composed of paragraph entries, which are the actual transactions in the block.
Blockchains store information in the form of numerical transactions, which are just numbers. We can consider these numbers digital assets, such as Bitcoin. The data in a blockchain is immutable and recorded only by consensus-based algorithms. Bitcoin is cryptographic and all transactions are direct, without intermediary, peer-to-peer.
Bitcoin does not require trust in a central bank. It requires trust on the technology behind it, which is open-source and may be evaluated by anyone at any time. Furthermore, it is impossible to manipulate as doing so would require all of the nodes in the network to be hacked at once – unlike the stock market which is manipulated by the government and “Market Makers”. Bitcoin is also private in that, though the ledge is openly distributed, it is encrypted. Bitcoin’s blockchain has one of the greatest redundancy and information disaster recovery systems ever developed.
Bitcoin has a distributed governance model in that it is controlled by its’ users. There is no need to trust a payment processor or bank, or even to pay fees to such entities. There are also no third-party fees for transaction processing. As the ledge is immutable and transparent it is never possible to change it – the data on the blockchain is permanent. The system is not easily susceptible to attacks as it is widely distributed. Furthermore, as users of Bitcoin have their private keys assigned to their transactions, they are virtually impossible to fake. No lengthy verification, reconciliation, nor clearing process exists with Bitcoin.
Bitcoin is based on a proof-of-work algorithm. Every transaction on the network has an associated mathetical “puzzle”. Computers known as miners compete to solve the complex cryptographic hash algorithm that comprises that puzzle. The solution is proof that the miner engaged in sufficient work. The puzzle is known as a nonce, a number used only once. There is only one major nonce at a time and it issues 12.5 Bitcoin. Once it is solved, the fact that the nonce has been solved is made public.
A block is mined on average of once every ten minutes. However, the blockchain checks every 2,016,000 minutes (approximately four years) if 201,600 blocks were mined. If it was faster, it increases difficulty by half, thereby deflating Bitcoin. If it was slower, it decreases, thereby inflating Bitcoin. It will continue to do this until zero Bitcoin are issued, projected at the year 2140. On the twelfth of May, 2020, the blockchain will halve the amount of Bitcoin issued when each nonce is guessed. When Bitcoin was first created, fifty were issued per block as a reward to miners. 6.25 BTC will be issued from that point on once each nonce is solved.
Unlike fiat, Bitcoin is a deflationary currency. As BTC becomes scarcer, demand for it will increase, also raising the price. In this, BTC is similar to gold. It is predictable in its’ output, unlike the USD, as it is based on a programmed supply. We can predict BTC’s deflation and inflation almost exactly, if not exactly. Only 21 million BTC will ever be produced, unless the entire network concedes to change the protocol – which is highly unlikely.
Some of the drawbacks to BTC include congestion. At peak congestion, it may take an entire day to process a Bitcoin transaction as only three to five transactions may be processed per second. Receiving priority on a payment may cost up to the equivalent of twenty dollars ($20). Bitcoin mining consumes enough energy in one day to power a single-family home for an entire week.

Trading or Investing?

The fundamental divide in trading revolves around the question of market structure. Many feel that the market operates totally randomly and its’ behavior cannot be predicted. For the purposes of this article, we will assume that the market has a structure, but that that structure is not perfect. That market structure naturally generates chart patterns as the market records prices in time. In order to determine when the stock market will crash, causing a major decline in BTC price, we will analyze an instrument, an exchange traded fund, which represents an index, as opposed to a particular stock. The price patterns of the various stocks in an index are effectively smoothed out. In doing so, a more technical picture arises. Perhaps the most popular of these is the SPDR S&P Standard and Poor 500 Exchange Traded Fund ($SPY).
In trading, little to no concern is given about value of underlying asset. We are concerned primarily about liquidity and trading ranges, which are the amount of value fluctuating on a short-term basis, as measured by volatility-implied trading ranges. Fundamental analysis plays a role, however markets often do not react to real-world factors in a logical fashion. Therefore, fundamental analysis is more appropriate for long-term investing.
The fundamental derivatives of a chart are time (x-axis) and price (y-axis). The primary technical indicator is price, as everything else is lagging in the past. Price represents current asking price and incorrectly implementing positions based on price is one of the biggest trading errors.
Markets and currencies ordinarily have noise, their tendency to back-and-fill, which must be filtered out for true pattern recognition. That noise does have a utility, however, in allowing traders second chances to enter favorable positions at slightly less favorable entry points. When you have any market with enough liquidity for historical data to record a pattern, then a structure can be divined. The market probes prices as part of an ongoing price-discovery process. Market technicians must sometimes look outside of the technical realm and use visual inspection to ascertain the relevance of certain patterns, using a qualitative eye that recognizes the underlying quantitative nature
Markets and instruments rise slower than they correct, however they rise much more than they fall. In the same vein, instruments can only fall to having no worth, whereas they could theoretically grow infinitely and have continued to grow over time. Money in a fiat system is illusory. It is a fundamentally synthetic instrument which has no intrinsic value. Hence, the recent seemingly illogical fluctuations in the market.
According to trade theory, the unending purpose of a market or instrument is to create and break price ranges according to the laws of supply and demand. We must determine when to trade based on each market inflection point as defined in price and in time as opposed to abandoning the trend (as the contrarian trading in this sub often does). Time and Price symmetry must be used to be in accordance with the trend. When coupled with a favorable risk to reward ratio, the ability to stay in the market for most of the defined time period, and adherence to risk management rules; the trader has a solid methodology for achieving considerable gains.
We will engage in a longer term market-oriented analysis to avoid any time-focused pressure. The Bitcoin market is open twenty-four-hours a day, so trading may be done when the individual is ready, without any pressing need to be constantly alert. Let alone, we can safely project months in advance with relatively high accuracy. Bitcoin is an asset which an individual can both trade and invest, however this article will be focused on trading due to the wide volatility in BTC prices over the short-term.

Technical Indicator Analysis of Bitcoin

Technical indicators are often considered self-fulfilling prophecies due to mass-market psychology gravitating towards certain common numbers yielded from them. They are also often discounted when it comes to BTC. That means a trader must be especially aware of these numbers as they can prognosticate market movements. Often, they are meaningless in the larger picture of things.
  • Volume – derived from the market itself, it is mostly irrelevant. The major problem with volume for stocks is that the US market open causes tremendous volume surges eradicating any intrinsic volume analysis. This does not occur with BTC, as it is open twenty-four-seven. At major highs and lows, the market is typically anemic. Most traders are not active at terminal discretes (peaks and troughs) because of levels of fear. Volume allows us confidence in time and price symmetry market inflection points, if we observe low volume at a foretold range of values. We can rationalize that an absolute discrete is usually only discovered and anticipated by very few traders. As the general market realizes it, a herd mentality will push the market in the direction favorable to defending it. Volume is also useful for swing trading, as chances for swing’s validity increases if an increase in volume is seen on and after the swing’s activation. Volume is steadily decreasing. Lows and highs are reached when volume is lower.
Therefore, due to the relatively high volume on the 12th of March, we can safely determine that a low for BTC was not reached.
  • VIX – Volatility Index, this technical indicator indicates level of fear by the amount of options-based “insurance” in portfolios. A low VIX environment, less than 20 for the S&P index, indicates a stable market with a possible uptrend. A high VIX, over 20, indicates a possible downtrend. VIX is essentially useless for BTC as BTC-based options do not exist. It allows us to predict the market low for $SPY, which will have an indirect impact on BTC in the short term, likely leading to the yearly low. However, it is equally important to see how VIX is changing over time, if it is decreasing or increasing, as that indicates increasing or decreasing fear. Low volatility allows high leverage without risk or rest. Occasionally, markets do rise with high VIX.
As VIX is unusually high, in the forties, we can be confident that a downtrend for the S&P 500 is imminent.
  • RSI (Relative Strength Index): The most important technical indicator, useful for determining highs and lows when time symmetry is not availing itself. Sometimes analysis of RSI can conflict in different time frames, easiest way to use it is when it is at extremes – either under 30 or over 70. Extremes can be used for filtering highs or lows based on time-and-price window calculations. Highly instructive as to major corrective clues and indicative of continued directional movement. Must determine if longer-term RSI values find support at same values as before. It is currently at 73.56.
  • Secondly, RSI may be used as a high or low filter, to observe the level that short-term RSI reaches in counter-trend corrections. Repetitions based on market movements based on RSI determine how long a trade should be held onto. Once a short term RSI reaches an extreme and stay there, the other RSI’s should gradually reach the same extremes. Once all RSI’s are at extreme highs, a trend confirmation should occur and RSI’s should drop to their midpoint.

Trend Definition Analysis of Bitcoin

Trend definition is highly powerful, cannot be understated. Knowledge of trend logic is enough to be a profitable trader, yet defining a trend is an arduous process. Multiple trends coexist across multiple time frames and across multiple market sectors. Like time structure, it makes the underlying price of the instrument irrelevant. Trend definitions cannot determine the validity of newly formed discretes. Trend becomes apparent when trades based in counter-trend inflection points continue to fail.
Downtrends are defined as an instrument making lower lows and lower highs that are recurrent, additive, qualified swing setups. Downtrends for all instruments are similar, except forex. They are fast and complete much quicker than uptrends. An average downtrend is 18 months, something which we will return to. An uptrend inception occurs when an instrument reaches a point where it fails to make a new low, then that low will be tested. After that, the instrument will either have a deep range retracement or it may take out the low slightly, resulting in a double-bottom. A swing must eventually form.
A simple way to roughly determine trend is to attempt to draw a line from three tops going upwards (uptrend) or a line from three bottoms going downwards (downtrend). It is not possible to correctly draw a downtrend line on the BTC chart, but it is possible to correctly draw an uptrend – indicating that the overall trend is downwards. The only mitigating factor is the impending stock market crash.

Time Symmetry Analysis of Bitcoin

Time is the movement from the past through the present into the future. It is a measurement in quantified intervals. In many ways, our perception of it is a human construct. It is more powerful than price as time may be utilized for a trade regardless of the market inflection point’s price. Were it possible to perfectly understand time, price would be totally irrelevant due to the predictive certainty time affords. Time structure is easier to learn than price, but much more difficult to apply with any accuracy. It is the hardest aspect of trading to learn, but also the most rewarding.
Humans do not have the ability to recognize every time window, however the ability to define market inflection points in terms of time is the single most powerful trading edge. Regardless, price should not be abandoned for time alone. Time structure analysis It is inherently flawed, as such the markets have a fail-safe, which is Price Structure. Even though Time is much more powerful, Price Structure should never be completely ignored. Time is the qualifier for Price and vice versa. Time can fail by tricking traders into counter-trend trading.
Time is a predestined trade quantifier, a filter to slow trades down, as it allows a trader to specifically focus on specific time windows and rest at others. It allows for quantitative measurements to reach deterministic values and is the primary qualifier for trends. Time structure should be utilized before price structure, and it is the primary trade criterion which requires support from price. We can see price structure on a chart, as areas of mathematical support or resistance, but we cannot see time structure.
Time may be used to tell us an exact point in the future where the market will inflect, after Price Theory has been fulfilled. In the present, price objectives based on price theory added to possible future times for market inflection points give us the exact time of market inflection points and price.
Time Structure is repetitions of time or inherent cycles of time, occurring in a methodical way to provide time windows which may be utilized for inflection points. They are not easily recognized and not easily defined by a price chart as measuring and observing time is very exact. Time structure is not a science, yet it does require precise measurements. Nothing is certain or definite. The critical question must be if a particular approach to time structure is currently lucrative or not.
We will measure it in intervals of 180 bars. Our goal is to determine time windows, when the market will react and when we should pay the most attention. By using time repetitions, the fact that market inflection points occurred at some point in the past and should, therefore, reoccur at some point in the future, we should obtain confidence as to when SPY will reach a market inflection point. Time repetitions are essentially the market’s memory. However, simply measuring the time between two points then trying to extrapolate into the future does not work. Measuring time is not the same as defining time repetitions. We will evaluate past sessions for market inflection points, whether discretes, qualified swings, or intra-range. Then records the times that the market has made highs or lows in a comparable time period to the future one seeks to trade in.
What follows is a time Histogram – A grouping of times which appear close together, then segregated based on that closeness. Time is aligned into combined histogram of repetitions and cycles, however cycles are irrelevant on a daily basis. If trading on an hourly basis, do not use hours.
  • Yearly Lows (last seven years): 1/1/13, 4/10/14, 1/15/15, 1/17/16, 1/1/17, 12/15/18, 2/6/19
  • Monthly Mode: 1, 1, 1, 1, 2, 4, 12
  • Daily Mode: 1, 1, 6, 10, 15, 15, 17
  • Monthly Lows (for the last year): 3/12/20 (10:00pm), 2/28/20 (7:09am), 1/2/20 (8:09pm), 12/18/19 (8:00am), 11/25/19 (1:00am), 10/24/19 (2:59am), 9/30/19 (2:59am), 8/29,19 (4:00am), 7/17/19 (7:59am), 6/4/19 (5:59pm), 5/1/19 (12:00am), 4/1/19 (12:00am)
  • Daily Lows Mode for those Months: 1, 1, 2, 4, 12, 17, 18, 24, 25, 28, 29, 30
  • Hourly Lows Mode for those Months (Military time): 0100, 0200, 0200, 0400, 0700, 0700, 0800, 1200, 1200, 1700, 2000, 2200
  • Minute Lows Mode for those Months: 00, 00, 00, 00, 00, 00, 09, 09, 59, 59, 59, 59
  • Day of the Week Lows (last twenty-six weeks):
Weighted Times are repetitions which appears multiple times within the same list, observed and accentuated once divided into relevant sections of the histogram. They are important in the presently defined trading time period and are similar to a mathematical mode with respect to a series. Phased times are essentially periodical patterns in histograms, though they do not guarantee inflection points
Evaluating the yearly lows, we see that BTC tends to have its lows primarily at the beginning of every year, with a possibility of it being at the end of the year. Following the same methodology, we get the middle of the month as the likeliest day. However, evaluating the monthly lows for the past year, the beginning and end of the month are more likely for lows.
Therefore, we have two primary dates from our histogram.
1/1/21, 1/15/21, and 1/29/21
2:00am, 8:00am, 12:00pm, or 10:00pm
In fact, the high for this year was February the 14th, only thirty days off from our histogram calculations.
The 8.6-Year Armstrong-Princeton Global Economic Confidence model states that 2.15 year intervals occur between corrections, relevant highs and lows. 2.15 years from the all-time peak discrete is February 9, 2020 – a reasonably accurate depiction of the low for this year (which was on 3/12/20). (Taking only the Armstrong model into account, the next high should be Saturday, April 23, 2022). Therefore, the Armstrong model indicates that we have actually bottomed out for the year!
Bear markets cannot exist in perpetuity whereas bull markets can. Bear markets will eventually have price objectives of zero, whereas bull markets can increase to infinity. It can occur for individual market instruments, but not markets as a whole. Since bull markets are defined by low volatility, they also last longer. Once a bull market is indicated, the trader can remain in a long position until a new high is reached, then switch to shorts. The average bear market is eighteen months long, giving us a date of August 19th, 2021 for the end of this bear market – roughly speaking. They cannot be shorter than fifteen months for a central-bank controlled market, which does not apply to Bitcoin. (Otherwise, it would continue until Sunday, September 12, 2021.) However, we should expect Bitcoin to experience its’ exponential growth after the stock market re-enters a bull market.
Terry Laundy’s T-Theory implemented by measuring the time of an indicator from peak to trough, then using that to define a future time window. It is similar to an head-and-shoulders pattern in that it is the process of forming the right side from a synthetic technical indicator. If the indicator is making continued lows, then time is recalculated for defining the right side of the T. The date of the market inflection point may be a price or indicator inflection date, so it is not always exactly useful. It is better to make us aware of possible market inflection points, clustered with other data. It gives us an RSI low of May, 9th 2020.
The Bradley Cycle is coupled with volatility allows start dates for campaigns or put options as insurance in portfolios for stocks. However, it is also useful for predicting market moves instead of terminal dates for discretes. Using dates which correspond to discretes, we can see how those dates correspond with changes in VIX.
Therefore, our timeline looks like:
  • 2/14/20 – yearly high ($10372 USD)
  • 3/12/20 – yearly low thus far ($3858 USD)
  • 5/9/20 – T-Theory true yearly low (BTC between 4863 and 3569)
  • 5/26/20 – hashrate difficulty halvening
  • 11/14/20 – stock market low
  • 1/15/21 – yearly low for BTC, around $8528
  • 8/19/21 – end of stock bear market
  • 11/26/21 – eighteen months from halvening, average peak from halvenings (BTC begins rising from $3000 area to above $23,312)
  • 4/23/22 – all-time high
Taken from my blog: http://aliamin.info/2020/
submitted by aibnsamin1 to Bitcoin [link] [comments]

Morning Sheet for June 11th

For Trading JUNE 11th
FED DOES NOTHING
NASDAQ at Another New High!
U.S. DOLLAR CONTINUES TO WEAKEN
Today’s market was just another day dominated by FAANG stocks with new all-time highs from AAPL, MSFT, AMZN, TSLA, and NVDA. But the DJIA was all over the place, spending the first hour headed down to the low of the day -334 before working higher and then taking off to the upside after the FED announcement making the high +83 by 2:30 and then heading back and forth and settling -282.31 (1.04, NASDAQ +66.59 (.67%), S&P 500 -17.04 (.53%), the Russell -39.66 (2.63 and the DJ Transports -246 (2.51%). Internals were not as weak as the market looked with NYSE A/D 2.5:1 and NASDAQ 1.8:1. Volume was about average and the DJIA was 23 down and 7 up with AAPL adding 61 and MSFT 48 DPs while BA was the big loser -91 with AXP, JPM, GS, and TRV each lower by 31DP’s. The strength came from Information tech (FAANG) but the weakness came from energy, financials, industrials and real estate. Not a good looking day.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1900 members. I also did this video titled “How to survive being an options trader and not blow up your account,” over the long weekend. I think it’s very informative as a guide to stock selection and option choices. The link is https://youtu.be/Y7H9RpWfLlo Enjoy!!
Tonight’s closing comment video https://youtu.be/XX4bgWZNtH8
SECTORS: The big news was no news from the FED, as expected. Rates fell slightly but the Financials fell hard. The forecasts for 2020 GDP (-6.5%) and 2021 (+5%) weren’t much of a surprise. The real news was Taubman (TCO) getting kicked to the curb by Simon Properties (SPG) and cancelling their marriage. The reaction was swift, sending TCO down to $26.70, but it finished $36.17 (9.08%) while SPG got less of a hit moving to $&* before it managed a close of $83.01 -3.46 (4%). This will not be a civil divorce. JP Morgan downgraded JBLU and UAL, sending JBLU down to $12.03 before coming back to $12.63 -1.58 (11.12%) and UAL to $38.30 before it too recovered a bit to $39.72 -4.92 (11.02%). The cruise lines were weaker with RCL to $63.59 -6.32 (9%), CCL $20.59 (-2.45 (11%), and the biggest loser NCLH $20.65 -3.48 (14%).
FOOD SUPPLY CHAIN was MIXED with BGS -.10, FLO -.12, CAG -.39, MDLZ +.16, KHC -.80, CALM -2.65, JJSF -2.20, SAFM +.06, LANC +.16, GO +1.20, HRL +.01, SJM +.07, PPC -.49 and PBJ 31.48 -.51 (1.59%).
BIOPHARMA was MIXED with BIIB +.62, ABBV +.98, REGN -2.59, ISRG +11.22, GILD -.58, MYL -1.25, TEVA -.68, VRTX +4.15, BHC -1.16, INCY +.05, ICPT -.68, LABU +.22 and IBB $133.38 +.47 (.35%).
CANNABIS: was LOWER with TLRY -.62, CGC -.32, CRON +.01, GWPH -3.74, ACB -.70, PYX -.65, NBEV -.08, CURLF +.06, KERN +.52 and MJ $14.85 -.14 (.93%).
DEFENSE was LOWER with LMT -6.96, GD -6.68, TXT -4.17, NOC -7.53, BWXT -.62, TDY -4.26, RTX -3.19, and ITA $181.08 -6.09 (3.25%).
RETAIL was LOWER with M -1.07, JWN -2.19, KSS -3.47, DDS -3.74, WMT -.44, TGT -1.47, TJX +1.78, RL -6.48, UAA -.73, LULU +4.45, TPR -1.10, CPRI -2.02, and XRT $43.20 -1.03 (2.33%).
FAANG and Big Cap: were HIGHER with GOOGL +8.27, AMZN +30.13, AAPL +7.01, FB -2.72, NFLX -1.95, NVDA +11.14, TSLA +68.83, BABA +1.78, BIDU +.21, CMG -15.47, CAT -4.01, BA -20.44, DIS -2.66 and XLK $103.63 +1.23 (1.20%).
FINANCIALS were LOWER with GS -7.24, JPM -6.64, BAC -2.13, MS -2.77, C -4.70, PNC -8.69, AIG -2.90, TRV -6.27, AXP -5.96, V -.08 and XLF $24.93 -1.24 (4.74%).
OIL, $39.60 +.66. Oil has managed to trade $40.44 yesterday and fell back to the 5-day MA and closed there. We then traded as low as 37.07 today before reversing late in the day and closing higher. Today’s close near the high didn’t help the stocks. They were lower and XLE was $42.29 -2.81 (6.23%).
METALS, GOLD: $1,720.70. After trading down to $1671 last week we had a bounce higher again today after testing the 1697 level. The action in the US$ is projecting higher prices for the metals, but it does not necessarily trade with the dollar on a day by day basis. Support is around Friday’s lows. We bought back the 3rd and final lot of NEM @ $58.86.
BITCOIN: closed $9,935 +130. After breaking down from just over 10,000 and trading as low as 8630 last Tuesday we have been clawing our way back toward 10,000. Last week we traded over $10500 but fell all the way back to the lows, but we’ve moved back toward $10,000. We added 350 shares of GBTC last Wednesday @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97. GBTC closed $12.30 + .77 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

Morning Sheet for June 11th

For Trading JUNE 11th
FED DOES NOTHING
NASDAQ at Another New High!
U.S. DOLLAR CONTINUES TO WEAKEN
Today’s market was just another day dominated by FAANG stocks with new all-time highs from AAPL, MSFT, AMZN, TSLA, and NVDA. But the DJIA was all over the place, spending the first hour headed down to the low of the day -334 before working higher and then taking off to the upside after the FED announcement making the high +83 by 2:30 and then heading back and forth and settling -282.31 (1.04, NASDAQ +66.59 (.67%), S&P 500 -17.04 (.53%), the Russell -39.66 (2.63 and the DJ Transports -246 (2.51%). Internals were not as weak as the market looked with NYSE A/D 2.5:1 and NASDAQ 1.8:1. Volume was about average and the DJIA was 23 down and 7 up with AAPL adding 61 and MSFT 48 DPs while BA was the big loser -91 with AXP, JPM, GS, and TRV each lower by 31DP’s. The strength came from Information tech (FAANG) but the weakness came from energy, financials, industrials and real estate. Not a good looking day.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1900 members. I also did this video titled “How to survive being an options trader and not blow up your account,” over the long weekend. I think it’s very informative as a guide to stock selection and option choices. The link is https://youtu.be/Y7H9RpWfLlo Enjoy!!
Tonight’s closing comment video https://youtu.be/XX4bgWZNtH8
SECTORS: The big news was no news from the FED, as expected. Rates fell slightly but the Financials fell hard. The forecasts for 2020 GDP (-6.5%) and 2021 (+5%) weren’t much of a surprise. The real news was Taubman (TCO) getting kicked to the curb by Simon Properties (SPG) and cancelling their marriage. The reaction was swift, sending TCO down to $26.70, but it finished $36.17 (9.08%) while SPG got less of a hit moving to $&* before it managed a close of $83.01 -3.46 (4%). This will not be a civil divorce. JP Morgan downgraded JBLU and UAL, sending JBLU down to $12.03 before coming back to $12.63 -1.58 (11.12%) and UAL to $38.30 before it too recovered a bit to $39.72 -4.92 (11.02%). The cruise lines were weaker with RCL to $63.59 -6.32 (9%), CCL $20.59 (-2.45 (11%), and the biggest loser NCLH $20.65 -3.48 (14%).
FOOD SUPPLY CHAIN was MIXED with BGS -.10, FLO -.12, CAG -.39, MDLZ +.16, KHC -.80, CALM -2.65, JJSF -2.20, SAFM +.06, LANC +.16, GO +1.20, HRL +.01, SJM +.07, PPC -.49 and PBJ 31.48 -.51 (1.59%).
BIOPHARMA was MIXED with BIIB +.62, ABBV +.98, REGN -2.59, ISRG +11.22, GILD -.58, MYL -1.25, TEVA -.68, VRTX +4.15, BHC -1.16, INCY +.05, ICPT -.68, LABU +.22 and IBB $133.38 +.47 (.35%).
CANNABIS: was LOWER with TLRY -.62, CGC -.32, CRON +.01, GWPH -3.74, ACB -.70, PYX -.65, NBEV -.08, CURLF +.06, KERN +.52 and MJ $14.85 -.14 (.93%).
DEFENSE was LOWER with LMT -6.96, GD -6.68, TXT -4.17, NOC -7.53, BWXT -.62, TDY -4.26, RTX -3.19, and ITA $181.08 -6.09 (3.25%).
RETAIL was LOWER with M -1.07, JWN -2.19, KSS -3.47, DDS -3.74, WMT -.44, TGT -1.47, TJX +1.78, RL -6.48, UAA -.73, LULU +4.45, TPR -1.10, CPRI -2.02, and XRT $43.20 -1.03 (2.33%).
FAANG and Big Cap: were HIGHER with GOOGL +8.27, AMZN +30.13, AAPL +7.01, FB -2.72, NFLX -1.95, NVDA +11.14, TSLA +68.83, BABA +1.78, BIDU +.21, CMG -15.47, CAT -4.01, BA -20.44, DIS -2.66 and XLK $103.63 +1.23 (1.20%).
FINANCIALS were LOWER with GS -7.24, JPM -6.64, BAC -2.13, MS -2.77, C -4.70, PNC -8.69, AIG -2.90, TRV -6.27, AXP -5.96, V -.08 and XLF $24.93 -1.24 (4.74%).
OIL, $39.60 +.66. Oil has managed to trade $40.44 yesterday and fell back to the 5-day MA and closed there. We then traded as low as 37.07 today before reversing late in the day and closing higher. Today’s close near the high didn’t help the stocks. They were lower and XLE was $42.29 -2.81 (6.23%).
METALS, GOLD: $1,720.70. After trading down to $1671 last week we had a bounce higher again today after testing the 1697 level. The action in the US$ is projecting higher prices for the metals, but it does not necessarily trade with the dollar on a day by day basis. Support is around Friday’s lows. We bought back the 3rd and final lot of NEM @ $58.86.
BITCOIN: closed $9,935 +130. After breaking down from just over 10,000 and trading as low as 8630 last Tuesday we have been clawing our way back toward 10,000. Last week we traded over $10500 but fell all the way back to the lows, but we’ve moved back toward $10,000. We added 350 shares of GBTC last Wednesday @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97. GBTC closed $12.30 + .77 today.
Tomorrow is another day.
CAM
submitted by Dashover to options [link] [comments]

List of moderately difficult skribbl words for your new friend group (1200+ words)

That is to say that this list contains words that this list contains words that:
  1. Usually aren't instantly guess-able (like star, apple, or Nike).
  2. Can be played with a group of acquaintances (I play with a group of interns at work to blow off time)
Created this list by modifying an existing difficult word list we found online and adding a bunch of new words. If you see a stupid difficult word, it was probably a word from the existing difficult word list that I forgot to remove. (amicable and reimbursement were the type of bs I removed lol).
abraham lincoln, accordion, accounting, acre, actor, adidas, advertisement, air conditioner, aircraft carrier, airport security, alarm clock, alcohol, alert, alice in wonderland, alphabet, altitude, amusement park, angel, angle, angry, ankle, apathetic, apathy, apparatus, applause, application, apron, archaeologist, archer, armada, arrows, art gallery, ashamed, asteroid, athlete, atlantis, atlas, atmosphere, attack, attic, audi, aunt, austin powers, australia, author, avalanche, avocado, award, baby, baby-sitter, back flip, back seat, baggage, baguette, baker, balance beam, bald, balloon, bamboo, banister, barbershop, barney, baseboards, bat, beans, beanstalk, beard, bed and breakfast, bedbug, beer pong, belt, beluga whale, berlin wall, bible, biceps, bikini, binder, biohazard, biology, birthday, biscuit, bisexual, bitcoin, black hole, blacksmith, bleach, blizzard, blueprint, bluetooth, blunt, blush, boa constrictor, bobsled, bonnet, book, bookend, bookstore, border, boromir, bottle cap, boulevard, boundary, bow tie, bowling, boxing, braces, brain, brainstorm, brand, bride, bride wig, bruise, brunette, bubble, bubble bath, bucket, buckle, buffalo, bugs bunny, bulldog, bumble bee, bunny, burrito, bus, bushel, butterfly, buzz lightyear, cabin, cable car, cadaver, cake, calculator, calendar, calf, calm, camera, cannon, cape, captain, captain america, car, car accident, carat, cardboard, carnival, carpenter, carpet, cartography, cartoon, cartoonist, castaway, castle, cat, catalog, cattle, cd, ceiling, cell, cellar, centimetre, centipede, century, chain mail, chain saw, chair, champion, chandelier, channel, chaos, charger, chariot, chariot racing, check, cheerleader, cheerleader dust, chef, chemical, cherub, chess, chevrolet, chick-fil-a, chicken coop, chicken legs, chicken nugget, chime, chimney, china, chisel, chord, church, circus tent, clamp, classroom, cleaning spray, cliff, cliff diving, climate, clique, cloak, clog, clown, clue, coach, coast, cockpit, coconut, coffee, coil, comedian, comfy, commercial, community, companion, company, compare, comparison, compromise, computer, computer monitor, con, confidant, confide, consent, constrictor, convenience store, conversation, convertible, conveyor belt, copyright, cord, corduroy, coronavirus, correct, cot, country, county fair, courthouse, cousin, cowboy, coworker, cramp, crane, cranium, crate, crayon, cream, creator, credit, crew, crib, crime, crisp, criticize, crop duster, crow's nest, cruise, cruise ship, crumbs, crust, cubicle, cubit, cupcake, curtain, cushion, customer, cutlass, czar, dab, daffy duck, dance, danger, darth vader, darts, dashboard, daughter, dead end, deadpool, deceive, decipher, deep, default, defect, degree, deliver, demanding, demon, dent, dentist, deodorant, depth, descendant, destruction, detail, detective, diagonal, dice, dictate, disco, disc jockey, discovery, disgust, dismantle, distraction, ditch, diver, diversify, diversity, diving, divorce, dizzy, dodge ball, dog, dolphin, donald trump, doorbell, doppelganger, dorsal, double, doubloon, doubt, doubtful, download, downpour, dragon, drain, dream, dream works, dress shirt, drift, drip, dripping, drive-through, drought, drowning, drugstore, dryer, dryer sheet, dryer sheets, dugout, dumbbell, dumbo, dust, dust bunny, duvet, earache, earmuffs, earthquake, economics, edge, edit, education, eel, effect, egg, eiffel tower, eighteen-wheeler, electrical outlet, elf, elope, emigrate, emotions, emperor, employee, enemy, engaged, equation, error, eureka, everglades, evolution, exam, exercise, exhibition, expired, explore, exponential, extension, extension cord, eyeball, fabric, factory, fad, fade, fake flowers, family tree, fan, fast food, faucet, feather, feeder road, feeling, ferris wheel, fiddle, figment, finding nemo, firefighter, firefox, fireman, fireman pole, fireplace, fireside, fireworks, first class, first mate, fish bone, fishing, fizz, flag, flat, flavor, flight, flip flops, flock, florist, flotsam, flowchart, flower, flu, flute, flutter, flying saucer, fog, foil, food court, football player, forklift, form, forrest gump, fossil, fowl, fragment, frame, fresh water, freshwater, friction, fries, front, frost, fuel, full, full moon, fun, fun house, funnel, fur, galaxy, gallon, gallop, game, gamer, garden, garden hose, gas station, gasoline, gavel, gentleman, geologist, germ, germany, geyser, giant, ginger, giraffe, gladiator, glasses, glitter, glue, glue stick, goalkeeper, goatee, goblin, gold, gold medal, golden retriever, gondola, good-bye, government, gown, graduation, grain, grandpa, gratitude, graveyard, gravity, great-grandfather, grenade, grill, grim reaper, groom, groot, group, guess, guillotine, gumball, guru, gymnast, hail, hair dryer, haircut, half, hand soap, handful, handle, hang, hang glider, hang ten, harry potter, hawaii, hay wagon, hearse, heater, heaven, helmet, hermit crab, high heel, high tops, highchair, hitler, hockey, homework, honk, hoodies, hoop, hopscotch, hot, hot dog, hot fuzz, hot tub, hotel, houseboat, human, humidity, hunter, hurdle, husband, hut, hydrant, hydrogen, hypothermia, ice, ice cream cone, ice fishing, icicle, idea, igloo, illuminati, implode, important, improve, in-law, incisor, income, income tax, index, inertia, infect, inglorious bastards, inside out, insurance, interception, interference, interject, internet, invent, invisible, invitation, iron man, ironic, irrational, irrigation, isaac newton, island, ivy, ivy full, jackhammer, japan, jaw, jazz, jedi, jellyfish, jet lag, jig, jigsaw, joke, joker, journal, juggle, jump rope, jungle, junk, junk drawer, junk mail, justice, kangaroo, ketchup, kill bill, killer, kilogram, kim possible, kiss, kitten, kiwi, kit-kat, kneel, knight, koala, lace, lady bug, ladybug, lamp, lance, landfill, landlord, lap, laptop, last, laundry detergent, layover, leak, leap year, learn, leather, lebron james, lecture, legolas, leprechaun, letter, letter opener, lettuce, level, lice, lichen, lie, lifeguard, lifejacket, lifestyle, light, lightning, lightning mcqueen, lightsaber, limit, lion, lipstick, living room, lobster, logo, loiterer, lollipop, loonie, lord of the rings, lottery, love, loveseat, loyalty, lullaby, lumberjack, lumberyard, lunar eclipse, lunar rover, lung, lyrics, macaroni, machete, machine, macho, magnet, mailbox, makeup, mammoth, manatee, mark zuckerberg, martian, mascot, mascot fireman, mask, mast, mastercard, mat, mayhem, mechanic, megaphone, member, memory, mercedes benz, mermaid, meteor, michael scott, michelangelo, microscope, microsoft, microsoft word, microwave, midnight, migrate, millionaire, mime, mine, mine car, miner, minivan, mirror, missile, mitten, mohawk, moisturizer, molar, mold, mom, monsoon, monster, monsters inc, mooch, moonwalk, moth, mount rushmore, mozart, mr potato head, mulan, mummy, music, mysterious, myth, name, nanny, naruto, navigate, negotiate, neighborhood, nemo, nepal, nest, netflix, neutron, newsletter, night, nightmare, nike, north pole, nose, nostril, nurse, nutmeg, oar, obey, observatory, office, offstage, olive oil, olympics, one-way street, opaque, optometrist, orange juice, orbit, organ, organize, ornament, ornithologist, ounce, oven, owl, oyster, pacific ocean, pacifier, page, pail, pain, palace, pancakes, panda, panic, pantyhose, paper plate, paperclip, parade, paranoid, parent, parking garage, parley, parody, partner, password, pastry, patrick starr, pawnshop, peace, peacock, peanut, peasant, pelt, pen pal, pendulum, pepsi, periwinkle, personal, pest, pet store, petroleum, pharaoh, pharmacist, philosopher, phineas and ferb, phone, photo, piano, pickup truck, picnic, pigpen, pigtails, pile, pilgrim, pilot, pinboard, pineapple express, ping pong, pink panther, pipe, pirate, pizza, pizza sauce, plan, plank, plantation, plastic, playground, pleasure, plow, plumber, pocket, pocket watch, point, pokeball, pokemon, pole, police, pomp, pompous, pong, popeye, population, portfolio, positive, positive champion, post, post office, practice, president, preteen, prey, prime meridian, printer ink, prize, produce, professor, profit, promise, propose, protestant, psychologist, publisher, pumpkin, pumpkin pie, punching bag, punishment, punk, puppet, putty, quadrant, quarantine, quartz, queue, quicksand, quit, quiver, raccoon, race, raft, rage, rainbow, raindrop, rainwater, random, raphael, ratatouille, ratchet, ray, reaction, realm, ream, receipt, recess, record, recorder, recycle, referee, refund, regret, religion, remain, resourceful, rest stop, retail, retire, reveal, revenge, reward, rhyme, rhythm, rib, rick and morty, riddle, right, rim, rind, ringleader, risk, rival, robe, robot, rock band, rocket, rodeo, roller coaster, roommate, roundabout, rowboat, rubber, ruby, rudder, runt, rv, s'mores, safe, salmon, salt, sand castle, sandbox, sandbox bruise, sandpaper, santa claus, sap, sapphire, sash, sasquatch, satellite, saturn, sausage, saxophone, scarf, scatter, schedule, school, school bus, science, scissors, scooby doo, scrambled eggs, scream, screwdriver, script, scuba diving, scythe, seahorse, season, seat, seat belt, seed, serial killer, servant, sewer, shaft, shakespeare, shame, shampoo, sheep, sheets, shelter, sherlock holmes, shipwreck, shoelace, shopping cart, shotgun wedding, shower, shower curtain, shrew, shrink, shrink ray, sickle, sidekick, siesta, signal, silhouette, silt, simba, simpsons, skateboard, skating rink, ski goggles, ski lift, skip, skipping rope, skydiving, slack, sleep, sleet, slim shady, slipper, slump, snag, snapchat, sneeze, snooze, snore, snow globe, snowball, snowflake, soak, social distancing, socks, softball, solar eclipse, somersault, song, sophomore, soul, soulmate, soviet russia, space, space-time, spaceship, spaghetti, spare, speakers, spiderman, spirited away, sponge, spoon, spotify, spring, sprinkler, squat, stage, stage fright, stagecoach, stairs, staple, starbucks, starfish, startup, star trek, statement, stationery, statue of liberty, stay, steamboat, steel drum, stethoscope, stew, stewie griffin, sticky note, stingray, stockings, stork, storm trooper, story, stout, stowaway, stranger, strawberry, streamline, student, stuff, stun, submarine, sugar, suit, sun, sunburn, sunlight, sunscreen, superbad, superman, surfing, sushi, swamp, swarm, sweater, swim shorts, swing dancing, switzerland, swimming, syringe, system, tachometer, taco bell, tadpole, tag, tank, tattle, taxes, taxi, teabag, team, tearful, teenage mutant ninja turtle, teenager, teepee, telepathy, telephone booth, telescope, temper, ten, tesla, testify, tetris, thanos, the beatles, the dark knight, the prestige, theory, think, thread, thrift store, throne, ticket, tide, time, timeline, time machine, time zone, tin, tinting, tiptoe, tire, tissue box, toast, today, toddler, toilet paper, toll road, tomato sauce, tombstone, toothbrush, toothpaste, top hat, torch, tornado, toronto maple leafs, tourist, tournament, tow, tow truck, toy store, toy story, trademark, traffic jam, trail, trailer, train, train tracks, transformers, translate, transpose, trapped, trash bag, trash can, trawler, treatment, trench coat, tricycle, trip, trombone, truck, truck stop, tsunami, tub, tuba, tug, tugboat, turret, tutor, tutu, twang, twitter, umbrella, unemployed, united states, university, upgrade, vacation, vampire, van, vanilla, vanquish, vegan, vegetarian, vehicle, vein, venn diagram, vest, villain, violent, vision, vitamin, voice, voicemail, volleyball, wag, wall-e, wallet, wallow, wasabi, washing machine, water, water buffalo, water cycle, water vapor, wax, wealth, weather, wedding, wedding cake, weed, welder, werewolf, wet, wetlands, whale, whatsapp, whey, whip, whiplash, whisk, wifi, wig, wikipedia, win, wind, winnie the pooh, wish, witch, wizard, wolverine, woody, workout, world, wormhole, writhe, yacht, yak, yard, yardstick, yawn, yeti, yin yang, yoda, yodel, yolk, youtube, zamboni, zen, zero, zeus, zip code, zipper, zombie, zombieland, zoo
submitted by skribblwords to skribbl [link] [comments]

My wife is about to ruin me in the divorce. I am planning to liquidate everything and leave the country. Bring me to reality. [United States]

I will keep it short. I am a French citizen living inside the United States on a work permit. I thought I was in love with a woman and stupidly decided to get married. I do not want to make this a relationship post, but she ended up cheating on me multiple times. I am stupid so I have little evidence of this to show a court. We had a big fight when talking about getting divorced and she said she was going to take everything from me! We got married when I was a bit poorer, so I did not get a prenuptial. But now I make six figures as a programmer in California, but I am not worried about that too much. I own a significant portfolio of cryptocurrencies, and when bitcoin price went up in 2017 I told my wife about it. I never sold it, but I told her how much the value was at the time (5 million). If you follow cryptocurrency you probably know that bitcoin is worth half of that today. But in a divorce she will claim the I owe her 2.5 million! Even though the portfolio is worth less than that! Even if I proved the actual value of the cryptocurrency she will still want half, i don't want to give anything to the woman who hurt me so bad. So for this reason I have liquidated my 401K, IRA and bank account and converted all my bitcoin and liquid assets into an untraceable coin called monero. Then i'm going back to France and leaving America forever unfortunately. I am a French citizen, and France will not extradite their own. Once everything is settled, I should have enough to generate my current income through dividend stocks and buy a house in the country or I will live with my grandmother for a little. I will leave a note for my wife just so she doesn’t think I died. My flight leaves in two days in the dead of night. All I will take is my laptop, phone, and private keys to my cryptocurrency. I think I will give my grandmother a good shock when she sees me haha.
The reason I write all this is because I understand I am very emotional right now, and I figure the people on this website are not. I have already made some hard to reverse choices financially, but my main concerns are legal. I understand that my wife will begin divorce proceedings but will I still have a legal requirement to pay her anything? And if i do have to what are the consequences of never paying her as a citizen of France? I fear I may be too deep to be talked down but I will read the comments regardless.
For reference me and my wife are in our late 20s my grandmother is 79.
I am sorry for poor English
Edit:
For those curious. I have consulted French and American lawyers. I will leave as planned tomorrow. I will not leave a note, and i will pay US taxes! I'm going to live with my grandmother for the foreseeable future as I recover emotionally. I am very happy with this decision. I miss France, my family, and i started to be unhappy at my job. Thank you Reddit for the advice!
Edit 2:
I made it back home and the first thing I did was meet my lawyer. We went over multiple legal scenarios and everyone was in my favor. The worst scenario would result in a 10,000 euro fine, but that would be rare. I will go back to using reddit from my normal account now, if anything significant happens I might do an update. But if this is my last edit assume the best!
submitted by vivafrance1789 to legaladvice [link] [comments]

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submitted by PotentialSubsBot to PotentialSubreddits [link] [comments]

A casual calculation on the worth of our space bitcoins

TL;DR 1 spacebitcoin ~= $10,000
Reasoning:
In EVE Online, the primary currency: ISK is indicated consistently in lore and inconsistently in game to be worth many, many times the planetary equivalent of a US Dollar, so how much is Starsector’s space bitcoin worth? As our commodity items are abstracted inventory without concrete weight or volume, they’re not very meaningful for comparison. However, as the setting’s ships are effectively modern navies IN SPACE, one can draw comparisons even taking into account the vast technology gap on a basis of one modern naval frigate = one space frigate.
Keep in mind, this is a measure of buying power, not relative value. While nanoforges and automation means that spaceships are cheaper, this also applies to everything else such as food, clothing, and tripads, so it’s safe to assume that a spaceship is as relatively expensive to consumer goods as navy warships are today.
Going by sources I glanced at online, a 1970’s era frigate such as the Duke class or the Oliver Perry class costs roughly 120-150 million in USD. (Disregard the German example, it has 3 times the crew of other countries’ frigates and carries way more ordinance). With a 21st century Freedom-class LCS coming in at roughly 360 million USD (it even has drone capacity!), one can compare the 70’s frigates to the low-tech Lasher (17700 credits on the market usually, 12000 base) and the Freedom-class with the Tempest (44000 credits, 40000 base). Accounting for the seller profit, this roughly works out to each credit being the equivalent of $10000-11000 USD, give or take. While their crew complements are twice as large, the large-scale automation in SS makes up the difference.
Implications:
This means that you start off the game with a small loan of $200 million, while the Galatia Academy pays you a stipend $150 million a month for 2 years. While this seems like a lot, the Galatia Academy is run by the Hegemony, which has many planets worth of tax income, and their total stipend comes out to $3.6 billion, roughly the net worth of a single small-medium sized tech company or roughly 25% of a Ford-Class nuclear carrier. It’s probably the right reward for someone risking their life to save the country’s research hub and the world’s most prestigious university, by comparison.
Crew members are paid a LOT. At 10 bitcoins -> $100,000 a month, they are paid 2-3 times as much as what surgeons make today. No wonder there’s no shortage of highly-trained blokes willing to risk dying on salvaging accidents, performing head-on attacks in fighter craft against Onslaughts and exploring planets where lava spouts come out of the ground regularly. One can retire comfortably after 1-2 years of service if they survive, and the captain is responsible for your room and board until then. It’s probably good to interpret your crew cargo as a collection of filled jobs, the holder being different people every few years as old crew regularly retire planetside with their millions and new ones take the job. The $500,000 initial payment is likely some form of transferrable insurance deposit, like in EVE, so even if they die in under a month their families can get something out of it.
For colonies: A heavy industry requires $5 billion to build, $3 billion for a space elevator and associated additional industrial modules, and $900,000 a month worth of upkeep. This is TINY for a planetary-scale combined supplies/weaponry/industrial machinery/starship manufacturer that regularly poops out ships more expensive than that, as single modern CPU factories cost more than that to startup and maintain. This strongly suggests that most of the costs and thus shares in the industries are offloaded planetside, which also helps explain why the player “only” receives 88k-120kish credits ($880 million/1.2 billion > $10.5 billion/14.4 billion) from a well-developed size 8 colony which has the population of the US (Projected 2020 tax revenue 3.6 trillion) - The vast majority of colony revenue are re-invested or paid out planetside, and your dividends come out to 0.2-0.3% of revenue. Assuming a very simplified payout system, and using the S&P’s average dividend ratio of 30%, you own a roughly 1% non-tradeable share in the industries you fund in exchange for being effectively a corporate dictator for life, which is tiny between Bezos’s pre-divorce 16% share in Amazon and Bill Gate’s 24% share in Microsoft, making you a powerful but very not-invested space CEO. However, this means the payout ratio is much higher at lower colony sizes, as your income grows linearly while the colony grows exponentially, so it’s not all bad.
This also explains why the thousand crew you send down to seed a new colony do it without complaint. Assuming they get a 10% stake of the remaining 99% stock distributed amongst themselves (startups generally give 5-20% total to team members), a healthy habitable colony that grows to size 8 or so leaves them with 100-200 billion USD in stock, or 10 million spacebux. Rest of it is sold off as needed to grow the place.
Food: A single unit of food cargo is worth $200,000 base = 40 tons of beef or 3200 tons of dried corn. However, as they are described as packaged and preserved foods, MREs are probably the better comparison. With approximately a box of 12 costing $60, a unit of average food contains 40,000 space MREs, enough to feed a single person for over a lifetime, or 100 people for a year (most likely, as the food is rated for five years of storage). If one were to cheapen it to $1 space Ramen instead, that feeds five unhappy people for over a lifetime. As an Atlas-class can carry 2000 units a trip and using the 108 ~= US pop comparison, this means that a planet like Chicomoztoc needs at least 300 Atlas food deliveries per year worth of ramen to not starve, and 1500 deliveries to not riot. Going to the extreme, if the food is all corn-priced nutrient paste, like my prisoner camp in Rimworld, then just 187 Atlas trips are needed to supply 2 tons of paste per person.
submitted by Shitposting_Skeleton to starsector [link] [comments]

My wife (32F) is threatening to leave me if I (30M) don't get what she considers help for my depression. This isn't the first time she has threatened to leave me.

This is going to be a long post.
I met my wife online 8 years ago. We lived across the country from each other and kept a long distance relationship going well, and go the opportunity to see each other every few months for weeks at a time. We would fall asleep on Skype together every night, text each other throughout the day, and phone each other when we had time to talk or wanted to play games together. In 2013 after a year and a half of dating I asked her to marry me and she said yes.
I was overjoyed! I had spent my highschool years as the guy that everyone avoided because my mother had been sending me to therapy for over 10 years for issues that may have been real at the time of my childhood, but regressed as I grew into adulthood. I would routinely take a cocktail of 8 different medications in the morning and before bed, and my friends are the time would better describe me as a zombie over a functional human being. I had issues holding conversation, would regularly space out, could not perform sexually, and could not get good grades in college. After I got married to my wife, we got an apartment together, and I stopped my medication cold turkey of my own volition.
I was a new man, I no longer any of my previous issues and I felt free and full of life. I never resented my mother because she only had my best interests in mind, and was not doing sending me to therapy and keeping me medicated for her own peace of mind. My parents gave me a great life growing up and gave me everything I ever wanted, being from an upper class household, they bought me a brand new car for college, anything I wanted growing up, and would support me financially on almost anything I wanted within reason. My college was fully paid for and I went to one of the best private schools in the area while growing up. I had been to every continent in the world, visited tons of grand architecture and theme parks, and seen so many wonderful things, and I was looking forward to sharing that life with my new wife.
My wife did not have the upbringing I did. She was the second oldest of 6 children. Growing up, she did not get any luxury. From having to work a summer job to buy her own school supplies and clothes, to dealing with an elder brother that sexually assaulted her every month while her parents slept, to a junkie father that would work odd jobs only to get money to get high, and a mother that worked 3 jobs to keep a roof over her children's head, her child hood was not easy. Her parents got divorced when she was 17, after being together for 23 years. Her father never gave her any love despite her efforts, she would regularly make love notes and lunches for him growing up, only to find them crumpled up and thrown in the trash and never responded to. Her elder brother would force her to give him oral at least a few times a month from the age of 15-16 while everyone in the house was asleep. Her father left and had no contact with her since she was 19, only showing back up in her life for our wedding, just to disappear again. He hasn't spoken to her in 4 years now.
Before we got married, I flew out to meet her, and we packed up everything she owned and put it in her car. We drove 2900 miles across the US to move her into our house with my parents, and after we got married, my parents paid for us to get an apartment near their house. We were so happy! After we moved in together after getting married, we both were young, only 23 and 25. We worked fast food and don't have a lot of money, surviving on only a hundred dollars of food a month. But, because we were together, everything was ok.
Or so I thought. My wife has constantly struggled with insecurity since we got married. We made sure when we got married that we would keep our finances separate. She was a bad money manager and didn't want to "ruin me" like she had ruined herself. She would break down sometimes for no reason begging me not to leave her, and I have never done anything to make it seem like I was. My parents decided that since I had gotten married and was doing OK, they were going to give me part of my inheritance up front. I took this money to pay off all our debt, I paid off half her student loans, and I would take care of any issues that came up for her that she couldn't handle without complaint. She crashed her car, I helped her buy a new one, she couldn't pay a bill, no problem, I've got her covered. Anything she felt she couldn't handle, I was always right there to support her.
Near the end of our first year together, my wife for some reason had reached the end of her rope. If we didn't move out of the big city where she didn't have any friends or know how to get anywhere, she was going to leave me. It wasn't me, but she said was devastatingly homesick, and said she couldn't live here any longer. She had made a real home away from her parents at her college town, and her best friend of 6 years lived there, who had supported her through thick and thin. Despite my aversion to this at first, I could tell that moving back home where her best friend lived and what was familiar to her was important. After 2 weeks of talking about it, I agreed to move with her back to what she considered home. My parents were planning to move around this time as well, as they no longer had any children and we're looking to downsize their home. So, for her, I left my hometown of 25 years, and all my friends that I grew up with.
My parents gave me money for us to buy our first house, and another 30 thousand on top. My wife and I found a nice 3 bedroom, 2 bathroom single family home, and bought it outright with cash. Because there was money left over, we used that for moving costs, and I began searching for a job I knew I would enjoy, while living off the interest on my savings. We were working on having a child and I knew that a kid was going to be expensive, so I was trying to make sure we had the money to support our child, and I could still make my wife happy.
In 2015, 2 years after we moved into our house, my wife said she was going to leave me again. Despite her only ever needing to pay her bills (she had gotten herself into more credit card debt), despite her crashing another car and me paying a $5,000 down payment to buy her another new one (she had to get a loan out), despite me spending time with her every night and never going anywhere without her, taking her on trips and little date nights to make her happy, she was threatening to leave again. A month after her telling me this, my father passed away from early onset Alzheimer's. I was having a rough few months.
We were having trouble conceiving and she was having severe body confidence issues. She was convinced that before I left her for someone else, she was going to have to leave me. Since we had gotten married, she had gained over 100 pounds, and I had never made an issue about it, other than showing concern for her health (her family has a history of diabetes and heart disease). She said that despite me continuing to support her in all her hobbies (she likes dancing and volunteering at the pet shelter), me not having a job was stressing her out because she wasn't sure that I could keep helping her. Despite my reassurances, she believed that I was going to leave her for someone better, and that she needed to leave before I did. No re-assurance I gave her would stop her from believing that I was going to be gone the next time she came home from work.
She started self harming. When she was younger, she frequently thought that the reason that her mother was never around, her father left, her brother abused her, was all her fault. Hurting herself made her feel like she was being punished, and that her sins were being forgiven. Her church growing up was very abusive. They would make people stand up in front of the entire congregation and "confess" their sins in front of everyone. When she had premarital sex with her first boyfriend, she almost killed herself after when her mother found out and made her "confess" to the congregation. She hospitalized herself with a suicide attempt after this happened, and has never respected her mother since.
I called up our PCP and told her that my wife dseperately needed help. After an appointment, blood work, and a CT scan for the issues with concieving, she was diagnosed with Severe Depression, Insulin Resistance, and PCOS. She was put on medication and around this time I had found a job, so I told her that she could cut back on her hours and I would start helping her with her bills. We also started looking for a therapist for her. She started going to the therapist and she seemed a lot happier. We were having fun with friends again, and she felt like the happy, bubbly woman I married again.
In early 2016, we got great news! We were pregnant! Because I was making enough money at the time to pay her bills and mine, she was able to only work 20 hours a week through her pregnancy, and then her job gave her 6 months leave when the baby was due. While she was a few months along, she unfortunately got into another car accident, and so again, I helped her buy a new care, this time a minivan, because she wanted it for our kids. She was going to pay for it again, because she said she was tired of me paying for everything for her again. I have no issues with this as I never have, because whenever I try to pay for something, she doesn't let me.
When we had our child, I had saved up enough money to start my own business. Using the money I had saved, I started up a computer system building company, and servicing the local area, I was able to be home a lot more than working my job, and still make the same amount of money. The business started doing extremely well, and I hired a few employees and a friend of mine to work for me, letting me spend more time with my wife and newborn daughter.
Then, we started having problems again. My wife was in a lot of credit card debt from not managing her money ($30,000), and she had been hiding it from me. She was having issues breastfeeding our kid and would break down for hours at a time over not being able to do it. She was diagnosed with post-partum depression and started going to a different therapist. I wasn't making enough money for paying for our insurance, electrical, car payments, taxes and the credit card debt she had built up. I was upset, but it's extremely uncharacteristic for me to get mad about money, because I have always had money. I offered to use our house savings (we were saving up for a bigger house to have more kids) and pay off her debt again. She said no.
She decided she was going work full time again. I helped her get a debt consolidation loan for her cards, and she began working full time while I took care of our daughter.
This was in the beginning of 2017.
Towards the middle of 2017, our life was going great. My business had taken off, and I was making $10,000 dollars profit a month. I had gotten early in on cryptocurrency back in 2013, and was riding high on the bull run from Bitcoin. My company made crypto mining machines due to having a ton of stock from system building, and we were selling those for record amounts. My wife had cut down to part time because I could afford the extra to help her bills, and she could spend more time with me and our daughter. Things couldn't of been better.
Then in 2018, the crypto market crashed. My cryptocurrency that had been worth almost $500k crashed down to $60k of value in the span of a month and a half. I had to start selling it to pay off debt the company had taken on to expand, or else it was going to hurt me more. But I kept holding onto the majority of it.
I kept my business running, but things were winding down because the crypto run was over. We were operating on razor thin margins. In May of 2018, I stopped paying myself while still running the business to make sure I could keep paying my employees. I was still getting a stipend from investments every month in the amount of a few thousand, so I could afford to not pay myself. I was still taking care of my daughter, but my wife had to go back up to full time. I started looking for jobs, figuring with my 2 associates degrees and my master degree, I could get a good job easy.
In the beginning of 2019, I found out my wife had gotten another $25,000 of credit card debt she was hiding from me. She was eating out daily, bringing home for us to eat, and telling me she was making enough money to afford it. She was now up to almost $45,000 of debt, not including her car. I was upset. I told her she can't keep spending money like we have millions. My business wasn't going well, and we needed to cut back our spending so we can get a bigger house to have another kid like she wants. She broke down again.
She admitted she had a money management issue. She locked all her credit cards up in the house safe, and she agreed to only spend money off her debit card.
Then, the trade wars hit. Our stock account took a huge hit, and because I didn't have strong hands, I sold, at a loss of almost $55,000 dollars. Our stock brokerage trading account that had almost 70k of assets was only worth around $15k dollars. I no longer had the money to cover paying off my wife's debt in an emergency.
In April of 2019, we just received our income taxes, due to my losses from last year, and reduced income, we were due back a large amount. I had unfortunately cut down the business to only myself working for it, as the company still had debt that was used a few years ago to expand to pay off. I still have kept the business operating, unable to pay myself for close to a year now, having to sell crypto to cover bills when business wasn't good enough.
The first day of May, I took this money and put it back in the stock market, but due to weak hands again, I lost 60% of it again before the markets rebounded. The trade wars had taken a ton of my wealth again. Our brokerage account was now worth less than $10k, and I withdrew the rest to put it into my checking account.
Over the past 6 months, I've had to sell off all my remaining cryptocurrency. I have none left. I have to continue running my business in it's dilapidated state, only making enough to pay the bills at the end of the month. I have gotten down to my last $5,000 in cash, and my monthly inheritance stipend, barely pays the bills for the house.
All of the money my wife makes goes to paying off her credit card debt, her student loans, and her car payment. When she comes home, she sits down and plays video games while letting our 3 year old run wild and destroy the house while I sleep. We are trying to potty train, but that's not going well, and when I'm sleeping, our daughter will routinely use the bathroom on the floor then smear it on the walls. My wife will not always notice, and I will wake up having to clean up shit off the walls.
I have been breaking down nonstop. I cannot handle the level of stress I have been having. I have interviewed for 12 jobs in the past 6 months, and not gotten hired. I have applied to over 30. I have lost over $100k of our savings in the past year alone. I never get to see my wife because when she is working, I have to take care of our daughter, and when she gets home, I have to sleep so I can make sure I'm able to work while they are sleeping, because I am unable to work while they're both awake. I make it a priority to make sure I spend a few hours with my wife and daughter a day, so they have time with me.
My wife has not been a responsible adult for months now. She doesn't do her small part of the chores, which is simply do the laundry every week. Every week I take out the trash, clean up the yard, do all the dishes, cook dinner daily, vacuum the house daily, clean up my daughters shit and piss off the floor daily, clean up the mess that my daughter makes when she's playing. We recently found out my daughter is going to need speech therapy. Our house looks like a disaster zone. Our PCP said the speech therapist will come to our house to make it a more "secure environment" for our daughter to get help in. I'm terrified that we're going to get social services called for the state of our house and lose our daughter, but I physically cannot keep up with keeping it clean by myself, because every time I clean something, something else gets destroyed because my wife doesn't watch our daughter.
My wife will throw trash on the floor in the house. She won't pick up dishes. She won't clean up the toys or help our daughter do that when I'm sleeping. There is shit caked on the wall in the nursery because almost every day I can't find it all and clean it all up when my daughter is awake.
I cracked. I cursed at her for the first time in my life. She broke down, she said she's been so stressed and she's trying. I understand how it is to be stressed, I'm stressed too, but I said we need to try harder for our daughter. I told her I don't want to lose her.
Then 2 weeks ago, a text sent late. I'm sure everyone heard about the Verizon bug where texts got send late. You can read about it https://www.theverge.com/2019/11/7/20953422/text-messages-delayed-received-overnight-valentines-day-delay
I had an old text get sent that said "Do you still need me?"
My wife thought I was going to commit suicide.
She said that if I don't get help she's going to leave me and take our daughter with her. She didn't believe me when I showed her the text issue. She says I've been having depression issues for months, and that she's been asking me to get help. She said her therapist has been telling her for months that I need to go get help, and that the idea to threaten to leave me was her THERAPIST'S IDEA, because that threat has MOTIVATED ME BEFORE. This made me extremely upset. I tell her the same thing I did every time, unless they are going to give me a well paying job or hand me a million dollars, therapy is not going to help me.
But I need advice. I love my wife. I have no reason to leave her. In the almost 8 years we've been married, I've never told her I was going to leave her. I pointed this out to her, she still says she can't trust me when I tell her that. I told her why am I being punished for her insecurity. I have done nothing but try to give her a great life. Yes, we've been having a hard time with money for the past year, and I've been very frustrated, but all couples have issues throughout their relationships. She says she doesn't want our daughter growing up hearing her daddy talk about suicide and her maybe hear that.
I'm just trying to figure out how to handle this. I have friends telling me I should leave her. I don't see why I should. I love my wife. I would never leave her, and I feel like now she needs help again. She has gotten happier in person or at least it seems so, but her therapist telling her to threaten me to make me take action seems like a flag for her therapist. But she likes her therapist and likely wouldn't listen if I asked her to find a new one. I asked her to get therapy when she was severely depressed because she didn't seem like the woman I fell in love with anymore. Maybe part of her has come back, but the woman I fell in love with wouldn't be so irresponsible with our daughter, and wouldn't ignore her chores like she does.
I just don't know what to do. I'm scheduled to see our PCP in Janurary for depression, but I don't think it's going to go like she expects, and she hasn't set any expectations of what she's expecting me to get out of this. She says I'm not the man she married any more, but of course I'm not when I'm broke and at the end of my rope with trying to find a job. I feel like anyone would be frustrated and upset if they were in the same position as me. Every day I wake up, work for my failing business that doesn't pay me, take care of my toddler while my wife works, and never get to do anything fun with my family because we have no money and no one will hire me.
I just don't know what to do. I don't want to lose my wife. I have sacrificed so much for her. I want to make her happy. I want my daughter to not have a broken family like my wife had and grow up happy. After her threatening to leave me again, it feels like she doesn't need me anymore. It hurts me severely that she can say that so easily after everything I have done for her. I know she is stressed, and I feel like her saying she's going to leave me helps her cope somehow. I'm resenting her still seeing the same therapist, giving her advice on her home life off my wife's singular perspective. I just don't know what to think anymore.
I want to make the people I love happy.
submitted by ThrowRALovemywife to relationship_advice [link] [comments]

How does one value bitcoin?

I want to start this post by saying I have nothing against investing in bitcoin I am actually just trying to understand how one determines buy and sell points. I am in the financial industry and both my most wealthy and most average clients ask me about bitcoin.

My question is how do you value bitcoin? Most investments you can evaluate cash flow, assets, executive teams. With real estate you can go based on the property size and other properties around you. Even other fiat currencies move with interest rates, GDP and what other currencies are doing. So how do you put a valuation on bitcoin and other crypto currencies?

Do you buy at certain market capitalization levels? Do you buy at certain price per coin? How do you determine that price?
submitted by OrgTheRobo to Bitcoin [link] [comments]

Bitcoin Halving & the Step to Maturation

Bitcoin Halving & the Step to Maturation
It’s about a week to the long-expected Bitcoin halving.
You can easily find a counting down page by visiting the website of any exchange, online magazine or data aggregator. Yes — everybody is waiting for it.

Source: Bitcoin Block Half
It’s an event that brings both predictability and uncertainty.

What is Predictable?

Bitcoin was designed as a deflationary currency with a 21 million fixed supply, like gold. Over time, the issuance of bitcoins will decrease and thus become scarcer.
When it was first created, 50 Bitcoins per block were given as a reward to the miners. After every 210,000 blocks are mined (approximately every 4 years), the block reward halves and will keep on halving until the block reward per block becomes 0 (approximately by year 2140).
At about 06:18 UTC on May 12, 2020 (as of writing), the block rewards of Bitcoin will drop from 12.5 BTC to 6.25 BTC.

What is Uncertain?


Source: https://www.bitcoinblockhalf.com/
As is shown in this chart, we can note a significant price jump after each halving.
But will this time turn out to be a different story when both the stock market and the crypto market are much more volatile than usual due to the global COVID-19 pandemic?
The past few months saw a big shakeout in the crypto market due to the coronavirus pandemic and its aftermath. On March 12, the Bitcoin price dumped 40% touching $3,800 within the day, marking a Black Thursday of the year.
The stock market went through a severe crash too. The US stock market triggered the “circuit breaker” four times within 10 days.
Just recently, the Bitcoin price soared above $9,000 and has now retraced to $8,864 at the time of writing, according to the statistics on CoinMarketCap.
Nobody knows for sure how things will be when the halving happens. Will the Bitcoin price be even more volatile or will it stabilize?

2020 Bitcoin Maturity Test

According to the Bloomberg Crypto Outlook (April 2020 Edition), the increasing futures open interest, declining volatility and relative outperformance despite the stock-market shakeout this year indicates Bitcoin is maturing from a speculative crypto asset toward a digital version of gold.

Increasing futures open interest


Source: skew
The number of Bitcoin futures contracts outstanding listed on the Chicago Mercantile Exchange (CME) has recovered significantly from the March lows, indicating a resurgence in institutions that want to buy the cryptocurrency. The high volume also represents taming of the highly speculative bull market.

Declining Volatility


Source: Bloomberg
This graphic shows that the correlation between Bitcoin and gold has jumped to the highest since 2010, twice that of equities, suggesting that Bitcoin is now divorcing equities and joining gold.

Bitcoin Outperformed Stock Market

Apart from that, Bitcoin is becoming less of a risk-on asset. In the first quarter of 2020, Bitcoin remained up about 9% when the S&P 500 showed a correction of 20%.

To Sum Up

2020 marks a key test for Bitcoin’s transition from speculative asset to the crypto market’s version of gold. We believe that the first-born crypto will pass the test to move towards a mature gold-like asset.
At Leverj, we are working actively on the decentralized derivatives market including Bitcoin perpetuals which is expected to be launched in a couple of months.
Visit live.leverj.io to enjoy our zero-fee trading for a limited period of time as of now. Follow us on Twitter or join our Telegram group to stay tuned for our updates.
Please keep in mind
US Persons are not allowed to trade on Leverj. Users from sanctioned countries or Specially Designated National (SDN) as per OFAC are also not allowed to use the system.
Before you trade, please make sure you are legally permitted to trade cryptocurrencies, derivatives, and any other instruments offered on this platform from your home jurisdiction.
Nothing in this article constitutes an offer, solicitation, or investment advise.
submitted by L_Xiaoqing to Leverj [link] [comments]

GF notified by IRS about accounts she didn't know about. (US)

GF got a letter from the IRS stating she has not been reporting income from stocks as well as having an offshore account. None of these things is true, as far as she knows; unfortunately it's possible her ex-husband does know about it.
When she got married she was very young (19) and through their entire relationship he would have her sign documents and she did so willingly without even looking at them. She did it with their first house and didn't even know how much the house cost. She wasn't allowed to look at the mail that came to their home. She didn't know what bills were being paid or anything, he did all the financial responsibilities within that marriage.
He loved playing the stock market and this is the only way she sees how they were able to afford the lifestyle they had at the time. Now, many many years later she received a letter from the IRS basically saying she is being investigated for tax fraud.
What legal ground does she have if she "willingly" but "unknowingly" signed and opened accounts for this purpose? If this is indeed done by her ex-husband does she have any legal footing to shift this entirely onto him? The divorce was extremely clean, no lawyers or anything. Assets were not split as she just took her belongings in her car and left, leaving him with everything so I doubt any disclosure of assets was performed.
Also a couple years ago she had to sign her name off of the deed for their house and she didn't even know she was on it at the time.
Not sure how serious this could be, its the IRS so of course it's not a simple manner but clearing it up seems like it could be impossible if she was not involved in someone forging her name. If the assets are in her name and have been drawn upon by her ex-husband (because she obviously hasn't) would that give her some evidence of her unintentional involvement? Even if she was unintentionally involved does that even matter to the IRS?
It is possible though that maybe the iRS is coming after her for any tax evasion her ex-husband performed during the marriage. I don't know the laws on how long something like this could go without being pursued by the IRS (if a statue of limitations even exists for the IRS).
Of course this is all assuming her ex-husband had anything to do with this and it's not just some kind of mistake or form of mistaken identity on the IRS's part (wishful thinking).
Luckily everything we share together is in my name completely, the house, the vehicles, nothing of significant value has her name attached to it currently. Thankfully I hadn't signed anything over to her as I initially planned on doing so to cover her in case something bad happened to me.
Edit
So today at work I get notifications that one of my accounts has been logged into from a different address. I do some checking, verify IP addresses and notice that the address is close. I check my works IP, not it. I check the location I'm at, not it. I check the IP address of my home and it matches.
I have a server I RDP into (my plex server) and my google account is attached to it. I check my Gmail and see some old bitcoin services I signed up for but never used had been accessed from my IP address as well.
I've locked down my server but now I'm slightly paranoid. My GF is not very tech savvy. Yet with this info that was presented today about the IRS and minutes later my home IP address being used to login to accounts..I dont know.
I doubt the 2 are connected but man is this starting to feel like some kind of weird movie plot!!
submitted by ThinkGFisToast to legaladvice [link] [comments]

What to do with small inheritance?

So, my (21) father (53) is about to die (God, at least I hope), and when he does I stand to inherit a small sum of money (6 billion +-) that he made as an early investor in Bitcoin. My wife (23), a well known supermodel (who you've probably masturbated to and whom I've been encouraging to get a side hustle, as she only makes 15–20 million per year at the moment), wants to pay off our houses (French Riviera, Lake Tahoe, Maui, Los Angeles, and Miami) and buy another 100-foot yacht. But I was thinking about investing the entire inheritance in weed stocks and divorcing my wife for someone a bit younger and richer.
What would you do? Any advice is welcome.
submitted by YourHaughtyNarrator to PFJerk [link] [comments]

38/m/single, crossed $2 million today

https://i.imgur.com/fgRQHpY.jpg
I apologize for my shameless bragging, I'm just really relieved and happy about this and not a soul alive knows about my net worth so I can't exactly go out and talk about it IRL.
Some background. I've worked since my early 20s, have made anywhere from $70,000 to $130,000 a year since, amount varies from year to year. I'd say about half my net worth is from my saved salary, the other half is purely investment gains from stock I invested the saved salary in. I live a pretty frugal and minimalist life, I drive a used car and live in the same starter home I've lived in for a decade. Material things don't really interest me, but I will spend money on cool experiences.
My original (naive) plan when I got out of college was to FIRE when I hit one million. I reached that 2-3 years ago and realized quickly one million doesn't go as far as I thought anymore. I still don't feel $2 million is enough. I don't love my job but the stress is manageable, so I'd like to stay until 40 and then leave. We shall see.
In terms of what investments I have, it's largely US large cap banks and tech companies. No early day bitcoin, no Google IPO, just good old fundamental analysis, value investing and buy-and-hold. I haven't bought any new stock for several, several years, I did almost all of my buying from 2009 to 2012 as we were stumbling out of the Great Recession. I thought we were in overbought territory in 2013-2015, so the stock market's rise since proves that I don't know what I'm doing and market timing is for suckers, heh.
[edit] I have gotten a couple of questions about my house and about my dating situation and what I spend money on. My house is cheap, I live in the south. Land is cheap here, even in the major cities. It was valued at around $125,000 before the subprime meltdown. It went into foreclosure then like half of the homes in my neighborhood. My lender obviously could not offload it in foreclosure, so it sat on the property for almost a year. No buyers surfaced because no one could get a mortgage loan. I scraped together about $80,000 in cash and put in an offer that was accepted. I was motivated by the $8,000 Obama housing stimulus credit, so my final bill came in at $72,000. The home is currently appraised at over $140,000. I need to update it on my Mint profile.
My dating situation. I'm probably never getting married or having kids. It's a personal decision, I'm too selfish and value my freedom too much to ever do either. Being a millionaire is a rather recent occurrence for me and I haven't told anyone, so I haven't and don't ever plan on flaunting money to get a lady to like me. It seems really sad and desperate to me when older guys do that and I don't want to be that guy. Just being myself, being kind and listening has worked in getting ladies to like me, amazingly enough. I feel exceptionally lucky that I didn't get married early and am divorced and miserable now. Like so many other guys my age that I know.
I caught the travel bug about two years ago. I travel once every 2-3 months. It is expensive but it's worth it, plus airfares out of my primary airport have dropped like a rock thanks to growing competition, cheap fuel and new fuel efficient planes like the 787 and A350. Round trip airfare to Europe or Asia is as low as $400 bucks during a sale. Round trip airfare domestically to either coast is $90 to 110 bucks during a sale on non-budget airlines. Have traveled to the UK, France, Thailand, NYC, LA and Chicago so far this year. It's been wonderful.
submitted by ihasanemail to financialindependence [link] [comments]

An UBI/VAT alternative Yang should consider

Housing cannot be both a good investment and be affordable.
Banks create money out of nothing;
More granularly, when a bank creates a loan, they acquire both an asset and a liability: the asset is the loan principal, the liability is a “customer deposit” that the one loaned money can use as money to purchase a factory or home or attend college or whatever. As a loan is repaid, the loaned money disappears from the banking system (as both asset and liability are destroyed). The interest ends up as bank profit. In contrast, non bank institutions have to draw down funds from one type of asset (e.g. their cash) to pay for the new loan asset, once loan funds are paid out. As we will see this has far reaching consequences.
97% of money in our economy is bank money created from nothing.
Because of the existence of corporations, which abstract risk away from the individual, our economy has virtually unlimited demand for loans/credit. Interest rates are not the real constraint on this lending (though they could be - they are not currently), rather central bank credit guidance is. Here is an example of US central bank credit guidance. Banks can lend out almost infinite amounts of money, and get as much reserves as they need to meet reserve requirements - it’s the fed who determines when a bank goes under.
We should change the federal reserve’s mandate, from achieving “full” employment and targeting 2% inflation, to growing productivity and maximizing credit growth while keeping said growth within some tight bound (e.g. half a percent) of real growth.
This is because the shortest path to meeting the fed’s current mandate is by inflating asset bubbles, particularly in the mortgage market: a mortgage seems like an easy loan to judge the risk of, but when everyone is lending mostly to finance the purchase of real estate, you quickly create a systemic risk invisible to bank loan officers, which crowds out real growth in the economy.
On the contrast, lending money to productive enterprises was the engine that propelled record breaking growth in asian economies like japan, taiwan, china, korea, but also ... drumroll... nazi germany (the much derided “money printing” of hilter was actually very sound, if unconventional, economics), with no need for outside investment - as long as the loans were used productively they could be paid back, and in such economies, with lots of slack and unemployment - credit growth and real growth could grow at rates higher than 10% in tandem for many years.
We can make it easier for the fed to achieve this new mandate by levying a nationwide land value tax and replacing as much of the income and sales taxes as possible with it. We could also provide everyone with a “basic income” in the form of a flat, transferrable land value tax deduction for each person, which would prevent a hong kong esque situation; this would be similar to a homestead deduction, except everyone would have it instead of just homeowners - it would encourage people to live together and make land use more efficient - phrased another way it would increase family cohesion and reduce divorce. Similarly communities could be provided with small flat deductions for building and maintaining public libraries, community colleges, and possibly parks/nature preserves (along with lvt exemptions for said institutions as well as church buildings/grounds (but not church parking lots)).
What kind of effect would changing the fed’s mandate have?
Barring the creation of new industries and new majors, college attendance can only increase productivity for a finite amount of workers. Thus, fewer student loans would be issued, and college attendance and cost would fall in tandem, and majors that don’t increase worker productivity would downsize.
Mortgages would only be issued for the construction of new homes - home prices would decline.
Many new businesses would form as bank credit would finance new business formation. There would be a higher percentage of “bad on paper” loans, but there would be no sudden explosion of bad loans, and the business cycle would be greatly reduced if not eliminated. Bad loans in and of themselves are not problematic as long as you learn from them (e.g. if you made a bad loan to finance the construction of a solar farm, and the fed buys up that debt through qe, at least you still have a solar farm, maybe next time loan to finance a nuclear plant or something).
Income and wealth equality would increase dramatically, as new business competed for workers while stock and housing prices only grew as fast as the real economy.
There would be no inflation as banks would no longer lend money towards many categories of consumer purchases. The price of a new truck would go down. The fed would tamper growth in credit card usage through guidance and bank audits.
Corporate profitability would go down as business competition heated up, workers and consumers would benefit. With a an lvt in place, land speculation, the traditional primary avenue for speculation, would be impossible. You might see smaller and much less devastating bubbles form in random places like bitcoin or em spectrum (em spectrum might require legislative action, since em spectrum like land is a limited resource that everyone needs).

(Sources of inspiration, Richard Werner, Henry George)
submitted by Frumpagumpus to YangForPresidentHQ [link] [comments]

Situation of two individuals

Hi everyone,
Currently this is a real situation with names changed as to not give away any information. I would like everyone's opinion on the following two individuals as to which one of these is in a better situation.

James is a german-american and Alex is an asian american individual who met each other back in 2011 in a community college science class. James is 27 and Alex is 19

At this point, James entered the science class with 2 degrees under his belt, an associates as well as a bachelors. Currently James had owned 3 different vehicles. James has always wanted to go to medical school due to personal reasons as well as the prestige of the field. James has family members who are not supportive of him except his grandpa who raised him since he was a child. James' immediate family has been through trouble so James' parents and siblings were not present much throughout his childhood and growing up. However, at this point, James' grandpa currently owned 4 pieces of property located through various parts of Fresno/Oakhurst area and planned to pass them on to James after his death.

In the year 2012 James asked to borrow around 28k from Alex to consolidate his debt with the condition that he would pay back Alex within the next year. 2013 rolled around and James had not paid Alex back, rather he had borrowed more money, totaling an additional 14k in that year.
Fast forward a few years and James had sold off 2 of his vehicles and finished school at community college and then decided to attend a school in Arizona to pursue a masters degree due to not scoring high enough on the MCAT to be accepted into medical school. Following his relocation to Arizona, James brought along his grandpa so he could take care of him as well as attend school. Unfortunately though, James had a habit of not keeping track of key details and a big habit of spending on credit. At this point, James applied for as many as 4 credit cards at a time and spent the money all while also spending the money which he received from school loans for the masters program. In the middle of all this, his grandpa passed away due to unknown reasons and James was forced to withdraw from the program and relocated back to California and get a hold of his life. Unfortunately though, James could not get a solid grip on life and instead he spent his days out partying at bars and finding himself a girlfriend all while all his other issues started to lag behind. At this time around 2016, he also asked Alex again to loan him a total of $24,000 which he stated was used to pay off his "debts" but instead he spent it to party and spend his life at bars all while feeling depressed with life. In 2017 one of James' properties became foreclosed and was seized by a bank. During the time from 2017 until 2019, James decided to become an Uber driver and did not change his habits in regards to health and other financial issues. He continued to attend bars and did not try to pursue other jobs with his bachelors degree, stating that he didn't like working for other people and that working Uber let him become his own "boss". He had also found himself a new girlfriend which he met at a bar and eventually he stated that she cheated on him and therefore he broke up with her.
Fast forward to the end of year 2018, and now James has gotten himself engaged to a childhood friend who divorced her previous husband, is currently working and makes 100k+ a year as well as lets him stay at her house and use her luxury vehicle while he prepares to fix his situation. His new fiance paid off a lot of his debts as well as helped him prepare for the journey to medical school again. Finally in the beginning of Janurary 2019, James was finally accepted to medical school and is currently enrolled. James still owns 3 out of the 4 properties of which his grandpa left to him as well and now has a direction in life while he still owes Alex 115k+ which he has not paid.


Alex on the other hand, had a father who was already a pharmacist who always pushed Alex to become a pharmacist as well because the father "knew" the field. Alex entered the science class without any degrees under his belt and all he knew was that he had to become a pharmacist for his father's wishes. His father had allowed him to use his old vehicle as a means of transportation. In the year 2012, Alex got accepted to a pharmacy school in Georgia and in summer of 2012 he started attending the school and took out the maximum amount of loans at a rate of 10% totaling about 80k that year and decided to invest the remaining amounts while attending school. Alex's father had given Alex one of his vehicles at this time which was about 3 years old. During this point, Alex at one point had amassed 60k from his investing gig and then bought 600 bitcoins with it while giving James 28k to borrow. However, during his time at the school, Alex encountered many people of different races there and realized that he was the only asian male in his entire class. For this reason, it seemed as if many of the white instructors had taken a disliking to him and said terrible things to him under their breath such as "you stink" while he was preparing his presentation up at the podium. That was not all, during the time when exams were graded, his answers which he knew to be correct were marked as well and then full credit was only given back to his roommate's reasoning and his his reasoning when both Alex and his roommate used the exact same reasoning to defend their answer. In the spring of 2013 Alex withdrew from the school due to the 3 F's he would have received in 3 classes had he continued attending the school. Following his return back to California his father became insanely enraged and believe that Alex "goofed off" too much and that he failed as a result of that. At this point the 80k balance owned on the loans from the school was put on hold while Alex again had to fix up his application and reapply to pharmacy school at the wishes of his father again. Unfortunately later in that year, his bitcoin account was hacked and he lost his entire worth of 600 bitcoins which made him feel deeply depressed and contemplated suicide and only 14k remained as cash which he subsequently loaned to James again to pay off his debts. In 2014 Alex was accepted to another pharmacy school in Wyoming and in the Fall of 2014 he started school again and again took out the maximum loans at the rate of 10% to invest as his side gig. However, during his time at the school, Alex made poor decisions and decided to invest into vehicles as well as stocks which reuslted in him losing about 48k. In Winter of 2014 Alex found himself a girlfriend. Fast forward to the year 2016 and James rolled around again and asked for Alex to borrow money totaling 24k from his family and other various sources so that James could borrow it and use it to survive. The balance which James owed Alex was now at 83k including interest. In Spring 2017 Alex's girlfriend decided to cheat with a different classmate and the relationship ended. In the same year of 2017 in December, Alex flew to vietnam to get himself a wife which also turned out to be a poor choice as Alex was not ready to be married at that age. Eventually the entire Vietnam ordeal ended in Spring 2018.

In the year 2018 Alex finally graduated from pharmacy school and was ready to take his licensing exams. He moved back to California and began to study to take his exams. At this point was when James asked Alex to borrow the remaining 24k for his debts and therefore the amount now stood at a bit over 100k owed. Alex took his his Wyoming and Colorado board exams and failed but subsequently passed on the second attempt. Alex failed his California boards on 2 attempts in the year 2018 and on the beginning of 2019 Alex was involved in a not-at-fault accident which required him to undergo 5 months of treatment. Ales is currently on the 3rd try at his California boards. During all this time, an entire year had passed and Alex still had not found a job due to the employment gap as well as the accident which set him back 5 months. Now was a time when Alex needed help from James and he asked James if he could borrow money to survive. James repeatedly told Alex he did not have money and that he could not sell any of his properties due to needing to fix sewer lines on the properties. Alex is now in limbo without a direction in life due to being unemployed as well as not receiving help from his friend who he once helped so much. Currently, James owes Alex around 115k+ which Alex has not received back.

Now the question to the community is, who is in a better position now?
submitted by Motivationallyfer to Advice [link] [comments]

Georgist/Monetary Realist Manifesto

Housing cannot be both a good investment and be affordable.
Banks create money out of nothing;
More granularly, when a bank creates a loan, they acquire both an asset and a liability: the asset is the loan principal, the liability is a “customer deposit” that the one loaned money can use as money to purchase a factory or home or attend college or whatever. As a loan is repaid, the loaned money disappears from the banking system (as both asset and liability are destroyed). The interest ends up as bank profit. In contrast, non bank institutions have to draw down funds from one type of asset (e.g. their cash) to pay for the new loan asset, once loan funds are paid out. As we will see this has far reaching consequences.
97% of money in our economy is bank money created from nothing.
Because of the existence of corporations, which abstract risk away from the individual, our economy has virtually unlimited demand for loans/credit. Interest rates are not the real constraint on this lending (though they could be - they are not currently), rather central bank credit guidance is. Here is an example of US central bank credit guidance. Banks can lend out almost infinite amounts of money, and get as much reserves as they need to meet reserve requirements - it’s the fed who determines when a bank goes under.
We should change the federal reserve’s mandate, from achieving “full” employment and targeting 2% inflation, to growing productivity and maximizing credit growth while keeping said growth within some tight bound (e.g. half a percent) of real growth.
This is because the shortest path to meeting the fed’s current mandate is by inflating asset bubbles, particularly in the mortgage market: a mortgage seems like an easy loan to judge the risk of, but when everyone is lending mostly to finance the purchase of real estate, you quickly create a systemic risk invisible to bank loan officers, which crowds out real growth in the economy.
On the contrast, lending money to productive enterprises was the engine that propelled record breaking growth in asian economies like japan, taiwan, china, korea, but also ... drumroll... nazi germany (the much derided “money printing” of hilter was actually very sound, if unconventional, economics), with no need for outside investment - as long as the loans were used productively they could be paid back, and in such economies, with lots of slack and unemployment - credit growth and real growth could grow at rates higher than 10% in tandem for many years.
We can make it easier for the fed to achieve this new mandate by levying a nationwide land value tax and replacing as much of the income and sales taxes as possible with it. We could also provide everyone with a “basic income” in the form of a flat, transferrable land value tax deduction for each person, which would prevent a hong kong esque situation; this would be similar to a homestead deduction, except everyone would have it instead of just homeowners - it would encourage people to live together and make land use more efficient - phrased another way it would increase family cohesion and reduce divorce. Similarly communities could be provided with small flat deductions for building and maintaining public libraries, community colleges, and possibly parks/nature preserves (along with lvt exemptions for said institutions as well as church buildings/grounds (but not church parking lots)).
What kind of effect would changing the fed’s mandate have?
Barring the creation of new industries and new majors, college attendance can only increase productivity for a finite amount of workers. Thus, fewer student loans would be issued, and college attendance and cost would fall in tandem, and majors that don’t increase worker productivity would downsize.
Mortgages would only be issued for the construction of new homes - home prices would decline.
Many new businesses would form as bank credit would finance new business formation. There would be a higher percentage of “bad on paper” loans, but there would be no sudden explosion of bad loans, and the business cycle would be greatly reduced if not eliminated. Bad loans in and of themselves are not problematic as long as you learn from them (e.g. if you made a bad loan to finance the construction of a solar farm, and the fed buys up that debt through qe, at least you still have a solar farm, maybe next time loan to finance a nuclear plant or something).
Income and wealth equality would increase dramatically, as new business competed for workers while stock and housing prices only grew as fast as the real economy.
There would be no inflation as banks would no longer lend money towards many categories of consumer purchases. The price of a new truck would go down. The fed would tamper growth in credit card usage through guidance and bank audits.
Corporate profitability would go down as business competition heated up, workers and consumers would benefit. With a an lvt in place, land speculation, the traditional primary avenue for speculation, would be impossible. You might see smaller and much less devastating bubbles form in random places like bitcoin or em spectrum (em spectrum might require legislative action, since em spectrum like land is a limited resource that everyone needs).

(Sources of inspiration, Richard Werner, Henry George, the name monetary realism coopted from/coined by, I believe, Cullen Roche)
submitted by Frumpagumpus to georgism [link] [comments]

My prediction about Bitcoin Cash back in August 2017 came true back when most people dismisses Bitcoin Cash. It was a contrarian view but it was correct looking back at it. I will make another prediction today.

I see some people posting about the Bitcoin Cash price concerns and I remember posting something about Bitcoin Cash price vs value back in August. It was true back in August and it is true today. I stand by my words.
Long ago, Ben Graham taught me that ‘Price is what you pay; value is what you get.’ Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down. - I like bitcoin when it's so cheap. We may never get to see bitcoin at the sub $1k level again after this year I think.
“Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well.” - With all the people dumping their Bitcoin Cash, lol, I'm glad to be one of the beneficiaries early on. I believe in the long term prospects of Bitcoin Cash because I'm an investor, not a speculator.
“In the 54 years (Charlie Munger and I) have worked together, we have never forgone an attractive purchase because of the macro or political environment, or the views of other people. In fact, these subjects never come up when we make decisions.” - It's ok to have the trolls from /bitcoin spreading misinformation because I always do my own fact checking and research.
“You need to divorce your mind from the crowd. The herd mentality causes all these IQ’s to become paralyzed. I don’t think investors are now acting more intelligently, despite the intelligence. Smart doesn’t always equal rational. To be a successful investor you must divorce yourself from the fears and greed of the people around you, although it is almost impossible.” - Damn right.
“I try to buy stock in businesses that are so wonderful that an idiot can run them because sooner or later, one will.” - Bitcoin Cash was the simple decentralized peer to peer digital currency by Satoshi Nakamoto. Legacy bitcoin was made so complicated with segwit and lightning network and all the other bells/whistles, that it is no longer secured.
So yes, I really like Bitcoin Cash. I am a tech geek who happens to know about economics and I can see Bitcoin Cash replacing the legacy bitcoin. In the short term, markets may be completely irrational, but I'm a long term investor, not a speculator.
Link: https://www.reddit.com/btc/comments/6vton4/some_quotes_from_warren_buffett_and_my_personal/
Bonus: I will make another prediction. By end of 2018, Bitcoin Cash price will exceed $20k.
submitted by MobTwo to btc [link] [comments]

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