Explanation
Chartbuddy thanks talkimg.com
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1383. (Read 26723496 times)
January 04, 2024, 03:03:23 AM
January 04, 2024, 03:01:15 AM
I was assuming that you were choosing to not be working as of 62, so you were electing to get the smaller Soc Sec benefit by drawing early versus waiting to get the larger benefit by drawing later.
I know each person has to do their own calculation.. and see what would be the difference between those two numbers.
I probably would not be willing to be so flippant about it, except that I have a bit of an assumption that bitcoin is going to do well whether someone is turning 62 in the next few weeks or maybe within the next 5 years or more, and surely the longer that we have before turning 62, the more we would be able to build up our BTC investment prior to reaching that date in which we would be able to choose the option of starting to receive the benefit early versus choosing to receive the benefit at a later date.
My idea about Bitcoin is completely different because Bitcoin can be invested at any moment at any stage, if you invest here, there is a profitable stage where the number of losses is very low.But one problem here is the security of the account. There are many exchangers where you want to keep it personally, but if you keep it in your own account that supports the software, it is risky to keep it there.It is often heard that when a bitcoin device is lost, biting is lost and everything else is fine. Here I think we should be a bit cautious with real assets as Bitcoin assets and wait for a long time.Since Bitcoin gives extra profit, there is no doubt that the extra profit will be the most if you keep assets in Bitcoin or hold Bitcoin.
I reached my destination. It's not Sarajevo 😄
"Lanta Darawadee Resort" right?
162 MOO 2, KLONG KHONG BEACH,T.SALADAN,KOH LANTA YAI,KRABI, Baan Klong Khong, Koh Lanta, Thailand, 81150 .
Source
That was fast! Not darawadee resort but close enough. What was the hint?
January 04, 2024, 02:39:27 AM
Just a soft reminder to philipma1957. ChartBuddy is catching up quite fast. In few days he might cross philipma1957
https://bitcointalk.org/index.php?action=stats
https://bitcointalk.org/index.php?action=stats
Yeah my birthday is this month. I should effort for buddy to pass me by on my 67th birthday.
Happy birthday man. Have a good life with good health.
With current pace he may cross you in 4 to 5 days. He is steady, that's why he will have a post count that will difficult to be crossed.
Now that I don't do the mixer campaigns no sense to doing 140 posts a week.
I just let my signature be free to projects I like.
Talkimg.com will get it for a while.
I just let my signature be free to projects I like.
Talkimg.com will get it for a while.
Talking is excellent project for this community and deserve our support and appreciation.
January 04, 2024, 02:19:57 AM
. January 04, 2024, 02:03:22 AM
January 04, 2024, 01:53:48 AM
I was assuming that you were choosing to not be working as of 62, so you were electing to get the smaller Soc Sec benefit by drawing early versus waiting to get the larger benefit by drawing later.
I know each person has to do their own calculation.. and see what would be the difference between those two numbers.
I probably would not be willing to be so flippant about it, except that I have a bit of an assumption that bitcoin is going to do well whether someone is turning 62 in the next few weeks or maybe within the next 5 years or more, and surely the longer that we have before turning 62, the more we would be able to build up our BTC investment prior to reaching that date in which we would be able to choose the option of starting to receive the benefit early versus choosing to receive the benefit at a later date.
My idea about Bitcoin is completely different because Bitcoin can be invested at any moment at any stage, if you invest here, there is a profitable stage where the number of losses is very low.But one problem here is the security of the account. There are many exchangers where you want to keep it personally, but if you keep it in your own account that supports the software, it is risky to keep it there.It is often heard that when a bitcoin device is lost, biting is lost and everything else is fine. Here I think we should be a bit cautious with real assets as Bitcoin assets and wait for a long time.Since Bitcoin gives extra profit, there is no doubt that the extra profit will be the most if you keep assets in Bitcoin or hold Bitcoin.
I reached my destination. It's not Sarajevo 😄
"Lanta Darawadee Resort" right?
162 MOO 2, KLONG KHONG BEACH,T.SALADAN,KOH LANTA YAI,KRABI, Baan Klong Khong, Koh Lanta, Thailand, 81150 .
Source
January 04, 2024, 01:42:48 AM
I reached my destination. It's not Sarajevo 😄
January 04, 2024, 01:13:19 AM
It's always Kramer (Never changes)
He won't change
What mind HODLer, reserved Bitcoin in the pocket?
Bitcoiners do not need a pocket for HODL.
January 04, 2024, 01:01:17 AM
January 04, 2024, 12:03:22 AM
January 03, 2024, 11:41:55 PM
yea, 67 is now a full SocSec age....used to be 65, but then they changed to something weird (for most: some years plus months, but for people born after 1960-67 years exactly).
I still have a few years to go, but for people approaching the date and still working the question is: do i take it at full retirement age (FRA, like 67 or slightly less ) or at 70. More money at 70 (as much as 24% more), but you miss out on 3 years when you could have used the cash to, for example, invest in something like bitcoin, property, etc. Considering that SocSec would have some kind of "crisis" by 2033-2035 (with a potential 20-23% cut), maybe it literally pays to take it at FRA.
Any of us in bitcoin should be able to make up the difference between 62 and 68 or whatever it might be, so I am sort of a fan to just start collecting it right away.. but surely the variables are going to differ. .and then how much is it that you need in order to be at fuck you status (even if you are not completely there)? I still have a few years to go, but for people approaching the date and still working the question is: do i take it at full retirement age (FRA, like 67 or slightly less ) or at 70. More money at 70 (as much as 24% more), but you miss out on 3 years when you could have used the cash to, for example, invest in something like bitcoin, property, etc. Considering that SocSec would have some kind of "crisis" by 2033-2035 (with a potential 20-23% cut), maybe it literally pays to take it at FRA.
Let's say for example that a few years ago, you thought that your social security, pension and 401k and/or whatever else you have (not counting bitcoin) was going to be able to pay around 140% of your monthly expenses, but then a lot of things might have had to have been cut in half in regards to your expectations, so I am not saying any of that would be going to zero, including social security, but the debased dollars are likely causing it to be way lees able to pay your expenses than you had anticipated.. Accordingly, you need a supplement, and in comes bitcoin... so maybe you don't have full entry level fuck you status with bitcoin but if you have 50% of entry-level fuck you status, then it may well be enough to supplement your other items... yet with anything, it sure would feel comfortable to have a wee bit of a cushion, and likely bitcoin will have good chances of keeping up with inflation (debasement) in such a way that it makes up for several of the short-falls of the other funds..
Of course, we likely don't have guarantees, yet bitcoin does seem to be an ongoingly great hedge as a supplement income..
Say, you decided to take soc sec at 62, but continue to work..this would result in government "taking/deducting" $1 out of each $2 you earn above $22320 per year. They simply subtract these $$ from your "benefit", presumably until there is a "0", potentially, so there is ABSOLUTELY no point in getting social security at 62 if you continue to work and make average salary (or above) in US, which is currently 60k/year. Sure, if you make 22-23K (or below), then, by all means, taking soc sec at 62 might make sense.
https://www.ssa.gov/pubs/EN-05-10069.pdf
That said, if bitcoin continues to deliver, this would be all academic.
I was assuming that you were choosing to not be working as of 62, so you were electing to get the smaller Soc Sec benefit by drawing early versus waiting to get the larger benefit by drawing later.
I know each person has to do their own calculation.. and see what would be the difference between those two numbers.
I probably would not be willing to be so flippant about it, except that I have a bit of an assumption that bitcoin is going to do well whether someone is turning 62 in the next few weeks or maybe within the next 5 years or more, and surely the longer that we have before turning 62, the more we would be able to build up our BTC investment prior to reaching that date in which we would be able to choose the option of starting to receive the benefit early versus choosing to receive the benefit at a later date.
And sure my assumption was that the non bitcoin portion would add up to something like $3,333 and the bitcoin would supplement that by adding another $3,333.. so that would be the presmptive entry level fuck you status, and even if the non-bitcoin portion did not keep up its end of the bargain by keeping pace with inflation, we might be able to get the bitcoin portion to keep up its end of the bargain.
Maybe I am presuming too much?
Even my entry-level fuck you status chart is showing 68.85 coins being necessary for full entry level fuck you status, so if right now you might need 34.425 BTC, then maybe some guys would not have enough if they were 62 years old right now.
If we were to ONLY be in the ballpark of 57 years old right now, so having another 5-ish years to reach 62 years old, then by the end of 2028, which is 5 years from now, my estimator (my entry-level fuck you status chart) shows that we would ONLY need just under 21 BTC at that time for full entry-level fuck you status (even your 20 coins seems to be close to being enough for full entry-level fuck you status in 5 years) and therefore 10.5 BTC for 1/2 entry level fuck you status. That seems to be a pretty decently sized reduction in the quantity of coins needed, just in the next 5-ish years.. and yeah of course, no guarantees, even though I consider my current numbers to be pretty conservative in the whole scheme of things.
January 03, 2024, 11:34:59 PM
It's always Kramer (Never changes)
He won't change
January 03, 2024, 11:17:57 PM
which gets us to 500k by nov 2028 works for me.
I'm not sure that Nov 2028 and $1M are in our touch...Future prediction. 
You are going with Philip's looney framing?
You probably deserve a slap, too.
Birds of a feather flock together..
Right now my dream felt that Bitcoin $1M is covered.
Birds of a feather flock together..
Noooooooooh! I'm just Noobs, @philipma1957 is gentalement.
You probably deserve a slap, too.
When you ready to slap, them my situation is here...
Source.
January 03, 2024, 11:01:16 PM
January 03, 2024, 10:55:13 PM
Resistance 1 is $48k.
Resistance 2 is $52k.
------------------------
Support 1 is $44.7k.
Support 2 is $40k.
````````````
If these are true then can we expect that Bitcoin now comes to the correction phase?
January 03, 2024, 10:22:49 PM
yea, 67 is now a full SocSec age....used to be 65, but then they changed to something weird (for most: some years plus months, but for people born after 1960-67 years exactly).
I still have a few years to go, but for people approaching the date and still working the question is: do i take it at full retirement age (FRA, like 67 or slightly less ) or at 70. More money at 70 (as much as 24% more), but you miss out on 3 years when you could have used the cash to, for example, invest in something like bitcoin, property, etc. Considering that SocSec would have some kind of "crisis" by 2033-2035 (with a potential 20-23% cut), maybe it literally pays to take it at FRA.
Any of us in bitcoin should be able to make up the difference between 62 and 68 or whatever it might be, so I am sort of a fan to just start collecting it right away.. but surely the variables are going to differ. .and then how much is it that you need in order to be at fuck you status (even if you are not completely there)?
Let's say for example that a few years ago, you thought that your social security, pension and 401k and/or whatever else you have (not counting bitcoin) was going to be able to pay around 140% of your monthly expenses, but then a lot of things might have had to have been cut in half in regards to your expectations, so I am not saying any of that would be going to zero, including social security, but the debased dollars are likely causing it to be way lees able to pay your expenses than you had anticipated.. Accordingly, you need a supplement, and in comes bitcoin... so maybe you don't have full entry level fuck you status with bitcoin but if you have 50% of entry-level fuck you status, then it may well be enough to supplement your other items... yet with anything, it sure would feel comfortable to have a wee bit of a cushion, and likely bitcoin will have good chances of keeping up with inflation (debasement) in such a way that it makes up for several of the short-falls of the other funds..
Of course, we likely don't have guarantees, yet bitcoin does seem to be an ongoingly great hedge as a supplement income..
Without going into too much detail..of course it matters, but only if you continue to work.
Say, you decided to take soc sec at 62, but continue to work..this would result in government "taking/deducting" $1 out of each $2 you earn above $22320 per year. They simply subtract these $$ from your "benefit", presumably until there is a "0", potentially, so there is ABSOLUTELY no point in getting social security at 62 if you continue to work and make average salary (or above) in US, which is currently 60k/year. Sure, if you make 22-23K (or below), then, by all means, taking soc sec at 62 might make sense.
https://www.ssa.gov/pubs/EN-05-10069.pdf
That said, if bitcoin continues to deliver, this would be all academic.
January 03, 2024, 10:03:25 PM
January 03, 2024, 09:27:42 PM
damn buddy be closing hard. I think he will pass me before my birthday at the end of the month.
January 03, 2024, 09:18:08 PM
January 03, 2024, 09:03:29 PM
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