Is that you Vitalik? You brought your affinity scam copter to the wrong thread.
I have just noticed that we are about reach the 21 BTC = $2M figure... Not so long ago still considered somewhat (YMMV) an "entry level fuck you money" figure. Probably not anymore except for some third world countries... but still an interesting historical milestone... which will happen at exactly $95238.1
Personally, I consider spot price to not be a good place to measure the value of your BTC, whether considering fuck you status or otherwise, since it is too volatile... and who would want to barely get to entry-level fuck you status and then sell all of his BTC at spot price in order to lock in fuck you status in dollars/fiat/or whatever other debasing fiat-related instrument or asset that you consider might be possible to hold your value as well as dee cornz... and then end up without any cornz?
Not this here cat, even though guys do make those kinds of mistakes in regards to how they employing some kind of a cornz management plan (selling all their corn.. deserves a slap just thinking about it.. hahahahaha).
Personally, I currently consider entry-level fuck you status to be at
19.45 BTC, and that is based on an $800k 200-WMA valuation..
That seems to allow a $6,666 per month so long as the BTC spot price stays at least 25% above the 200-WMA which also is a moving target... and right now, as I type this post the BTC spot price is about 137% above the 200-WMA and the 200-WMA is moving up about $40 per day. You are correct on the YMMV part since I need to fix formulas on that website regarding withdrawing based on dollar values of the BTC rather than the BTC values would cause too much withdrawal of the stash and would not be as likely to be as sustainable.
Insane how fast we’re rising. This has got to be a top right? Holy shnike.
Yes, but it's a
local top. IOW, there's no top!
Dusting my laser beam hat. This will be fun.
Price discovery mode can sometimes have these kinds of infinite up kinds of feelings, and after a while it can start to get scary in regards to why there appears to hardly be any resistance, in spite of the appearance of likely either sufficiently fake sell walls or sell walls that just don't amount to enough to stop the UPpity..