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Golluk posted:I consider myself very lucky that my minimal dabbling in Bitcoins actually did pay off. I tried mining back when it was around $7, got half a coin, and then decided it wasn't worth it. Sold that half coin when it was around $800. Sure, in hindsight I could have made lots of money. But you could do that with any penny stock if you know its going up. The real miracle is that you were able to turn it from pretend money into actual money.
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Feb 3, 2015 17:22
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quote:Hello PF'ers 40k in debt, he makes 800 a month. This one is  . He bought a Rolex.
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Feb 3, 2015 17:23
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Christ, that kind of poo poo is insidious. Could he sue the companies for predatory lending of some sort? What bank is justified in lending an 18 year old that much money? I know it takes two to tango, but there's no way the lenders could have expected any other outcome. Sure, the kid sounds like an idiot, but these are regulated institutions giving children the means to get themselves into decades worth of debt.
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Feb 3, 2015 17:35
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Not a Children posted:This is why I think it's a troll. The perfect storm of arrogance and self-deception that is just too terrible to be real. He sounds like a junkie. He badly needs money and anything "invested" in bitcoin is going down in price in the long term. Bitcoin has dipped below $200 per coin recently and it will keep going down as there is no reason for the price to be that high. His attitudes are gently caress you got mine like every other bitcoiner, and he thinks he's rich until he burns through the entire inheritance. His sister will hate him forever when all of it is gone. Nothing new when it comes to bitcoin and being extremely bad with money.
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Feb 3, 2015 17:41
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Considering that his parents were the ones who convinced him to "take out as many credit cards as [he] possibly could" and to take an 18k loan and that they think you should financially "fake it till you make it", he's just mimicking the bad financial climate he was raised with. Hopefully this puts the fear of god into him and he turns out better in the long run. I don't know how the UK works, but I assume most/all of that is dischargable in bankruptcy over there?
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Feb 3, 2015 17:42
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Jesus, that Bitcoin guy... How do you lose half of your (combined) inheritance and then go "yep, I'll just pile more money into that same hole... if only those Wall Street advisors would give me some sweet buttcoin tips I'd be back on the up and up in no time!" I'm surprised no one has found/contacted his sister and told her to get a loving lawyer involved asap.
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Feb 3, 2015 17:49
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Hibajubwa posted:Jesus, that Bitcoin guy... How do you lose half of your (combined) inheritance and then go "yep, I'll just pile more money into that same hole... if only those Wall Street advisors would give me some sweet buttcoin tips I'd be back on the up and up in no time!"
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Feb 3, 2015 18:37
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Hibajubwa posted:Jesus, that Bitcoin guy... How do you lose half of your (combined) inheritance and then go "yep, I'll just pile more money into that same hole... if only those Wall Street advisors would give me some sweet buttcoin tips I'd be back on the up and up in no time!" What gets me is the part where he is debating how much to give his sister. He's young, he hosed up. poo poo happens. There's still enough money to pay for his sisters college and give her a little of the financial support she lost with her parents. But no, he still wants his inheritance. I'd like to believe no one is that selfish, but, well... He said the agreement with his father was verbal, but without a will any estate would go to the kids 50/50. So he's on the hook for half the money in a civil suit, even if there's no hope for collection. If by some chance there was a will and he's the executor, then he could be criminally responsible.
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Feb 3, 2015 18:42
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IAMKOREA posted:Meet like minded people, That's some circular reasoning right there. Of course you meet like-minded people when you go anywhere, but if you think WWOOF is a stupid idea for a vacation then you're not likely to meet many like-minded people on a WWOOF trip unless they're also masochists.
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Feb 3, 2015 20:04
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How do you raise such a shithead like the bitcoin guy? How do you not have a will to put the decisions of a significant inheritance out of the hands of a normal 23 year old, let alone this guy? Holy christ gently caress.
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Feb 3, 2015 21:10
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The dad was bad with money. The brother was bad.
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Feb 3, 2015 21:32
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Dwight Eisenhower posted:The dad was bad with money. Bad sounds like maybe sometimes he laughs at happy slap videos on youtube or shoplifts a candy bar. Its kind of inadequate in this situation. Given his other posts he will probably get her a huge life policy, be set as the beneficiary and then two days later try to murder her in a way to make it look like an accident. Given how loving inept he appears to be at life in general, hopefully his murder attempt will fail miserably too. Possibly when the FBI bust him for trying to hire someone to do it with bitcoin, since he is adverse to the idea of actually doing any work himself.
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Feb 3, 2015 22:55
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At this point the best way for him to get his sister's money back is to take out a life insurance policy on himself and fraudulently arrange for his own murder/accidental death.
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Feb 3, 2015 23:51
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He clearly doesn't care about getting his sister's money back.
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Feb 3, 2015 23:56
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MrOnBicycle posted:Wow, what a loving dick. And holy poo poo that is a sad story... Why didn't the guy just put it into stable mutual funds... My god. I guess this IS why some people need a financial advisor... jaymeekae posted:Omg that bitcoin guy. I remember it at the time but just scrolled through his comment history again because some of his replies are pretty amazing...
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Feb 4, 2015 01:26
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Old Fart posted:He clearly doesn't care about getting his sister's money back. Yeah, he's just worried about getting his half (and more) back, and I'll bet if he makes the money back and she turns 21 he'll pay for college, a car and token things like he has been, but won't give her the 1/2 she's owed in cash, after all it was only a verbal agreement with a dead man and he sounds like a selfish gently caress. I bet the radioshack person had a similar motive, they probably had a heap of radioshack stock themselves and was hoping to float the price long enough to cash out their shares and their cousins.
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Feb 4, 2015 01:34
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Some other Redditors stalked his post history and found him trolling people in the Apple forum for being unsophisticated poors who can't fathom that a $5000 laptop purchase is nothing to him.
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Feb 4, 2015 01:43
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Did somebody say...bitcoins? http://www.reddit.com/r/relationships/comments/2uovrl/me_28_f_with_my_husband_31_m_5_years_will_not/quote:My husband (I'll call him John for the sake of anonymity) and I have been married for a little over 5 years now and everything has been going well up until a year or so ago. We were planning on having children and everything. Now my life feels like it is at a complete stand still.
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Feb 4, 2015 01:49
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No, I think were onto something. See, if he takes out a life insurance on himself, and "accidentally" offs himself, Then he gets his money back! And being that he's now dead, it goes to his sister, who now also has her money back. Just two things to work out though. I don't believe you can be the beneficiary to your own life insurance policy. And two, I doubt he could find one that accepts premium payments in Bitcoins.
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Feb 4, 2015 01:54
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HelloIAmYourHeart posted:Did somebody say...bitcoins? http://www.reddit.com/r/relationships/comments/2uovrl/me_28_f_with_my_husband_31_m_5_years_will_not/ Does it count as bad with money if you're falling for a very sophisticated and decentralised cult? People like him (and the inheritance guy earlier) need psychological intervention by professionals, Bitcoin is way beyond a normal gambling addiction.
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Feb 4, 2015 01:59
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Oh dear God I feel sorry for that woman and basically anyone who has to live with a bitcoin libertarian.
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Feb 4, 2015 02:03
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This thread used to be my happy place to come to to feel schadenfreude about others with nice BMWs but huge student loans or whatever. But some of these people need real help / have serious mental illness and that's really not funny...
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Feb 4, 2015 02:10
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Space Gopher posted:That is exactly what's happening in a lot of Seattle neighborhoods, because it's not happening in a vacuum, by itself, with totally fungible Housing Units. Crappy, neglected, but cheap housing in a rapidly gentrifying and extremely high-demand area (where demand outstrips any reasonable pace of construction!) is being replaced by expensive luxury apartments. And, when the market should tumble back to earth, rents will remain high because the developers who threw up thousands of units during the boom will have to keep paying down their own debt. Buying 2 years ago in Seattle was one of the best financial decisions I've ever made. My house has gone up ~20% already.
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Feb 4, 2015 02:21
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Comrade Flynn posted:Buying 2 years ago in Seattle was one of the best financial decisions I've ever made. My house has gone up ~20% already. You should sell!
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Feb 4, 2015 02:44
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Comrade Flynn posted:Buying 2 years ago in Seattle was one of the best financial decisions I've ever made. My house has gone up ~20% already. Just enough gain to let you break even if you sell it!
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Feb 4, 2015 02:55
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ChipNDip posted:They both drive 40-miles one way in a big truck or SUV, plus some driving around on the weekend. Based on where they live, that would put their jobs in the Philly suburbs, so it seems plausible, if stupid to people in BFC. People do drive form that area of PA up to Philly or outskirts of Philly. Over an hour drive with no traffic, which you get a lot. Ridiculous. Even crazier in the same article is that person living in frickin Bangor PA and commuting to NYC. that is probably a 1.5-2 hour commute each way. Duckman2008 fucked around with this message at 03:15 on Feb 4, 2015 |
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Feb 4, 2015 03:09
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I had family who commuted an hour and a half into a city, and then their job required them to drive around said city all day, which they did in a fuckoff big SUV for no good reason.
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Feb 4, 2015 03:32
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Can you take the Bitcoin stuff to a bitcoin thread? This thread is better when is people going nuts with cars and crazy spending. Nerds and their crypto currency is super boring.
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Feb 4, 2015 04:29
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slap me silly posted:Just enough gain to let you break even if you sell it! My wife has a real estate license for this purpose alone.
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Feb 4, 2015 04:33
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How about something a little different? http://www.washingtonpost.com/blogs/worldviews/wp/2015/01/31/croatia-just-canceled-the-debts-of-its-poorest-citizens/ quote:Starting Monday, thousands of Croatia's poorest citizens will benefit from an unusual gift: They will have their debts wiped out. Named "fresh start," the government scheme aims to help some of the 317,000 Croatians whose bank accounts have been blocked due to their debts.
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Feb 4, 2015 04:53
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The Jews have been doing it for millennia. It's called a jubilee.
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Feb 4, 2015 05:17
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onemillionzombies posted:How do you raise such a shithead like the bitcoin guy? How do you not have a will to put the decisions of a significant inheritance out of the hands of a normal 23 year old, let alone this guy? Holy christ gently caress. This is the thing I really don't get. I'm 23 and I sure as hell don't know enough to handle an estate. Maybe there are 23 year olds out there who could. Why would you ever put someone with very little life/financial experience in charge of something like this?
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Feb 4, 2015 06:28
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Me neither but you'd think "Put 70% of it in one of those 2055 targeted retirement funds and the rest of it towards college" would be simple enough
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Feb 4, 2015 06:47
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My guess is that the dad died suddenly and didn't update his will accordingly. The idiot is only 23 so the dad probably wasn't that old. My wife and I are both guilty of not keeping our will up to date.
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Feb 4, 2015 07:02
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lostleaf posted:My guess is that the dad died suddenly and didn't update his will accordingly. The idiot is only 23 so the dad probably wasn't that old. My wife and I are both guilty of not keeping our will up to date. My parents' will is so old that it doesn't mention my younger brother because he didn't exist at the time. He's in college now! Update your will. e: My folks are still alive and in great shape, this just annoys me as they're creeping up on 60.
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Feb 4, 2015 07:17
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pig slut lisa posted:My parents' will is so old that it doesn't mention my younger brother because he didn't exist at the time. He's in college now! You know what to do.
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Feb 4, 2015 08:02
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Do wills override the beneficiaries you set for accounts?
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Feb 4, 2015 13:09
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bartlebyshop posted:This is the thing I really don't get. I'm 23 and I sure as hell don't know enough to handle an estate. Maybe there are 23 year olds out there who could. Why would you ever put someone with very little life/financial experience in charge of something like this? I'm glad I have an older brother who's a homeowner and has more experience handling this because I wouldn't know where to start. We pushed our parents to sign a will a few years ago because they're both constantly sick and they had no will. It's a simple will anyway, split everything between the two of us 50/50, but managing something with no experience while dealing with the grief of losing your parents is not something I would wish on anyone.
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Feb 4, 2015 13:36
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Nail Rat posted:Do wills override the beneficiaries you set for accounts? No. A will only applies to property that is owned by your estate. If you designate a beneficiary the property doesn't go into your estate, it goes directly to the beneficiary. The same can apply to jointly owned property depending on how it's setup. If the owners are registered as "joint tenants with right of survivorship" as opposed to "tenants in common", then the property goes directly to the other owners instead of into the estate. A lot goes into estate planning in terms of what you want to have go through the estate and be controlled by the will and what you want to be distributed out right.
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Feb 4, 2015 13:53
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Wickerman posted:How about something a little different? Lovin that guy who doesn't think that low income borrowers are already subject to extortionate interest rates.
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Feb 4, 2015 15:03
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