Explanation
Chartbuddy thanks talkimg.com
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 228. (Read 26498616 times)
September 15, 2024, 06:01:16 AM
September 15, 2024, 05:22:28 AM
Please Buddy sthap!
#Friendly Neighborhood BuddyStopper Service
Observing 60,005@Stamp
Lazy Sunday morning.
Enjoying Italian beaches on September.
#Friendly Neighborhood BuddyStopper Service
Observing 60,005@Stamp
Lazy Sunday morning.
Enjoying Italian beaches on September.
September 15, 2024, 05:01:16 AM
September 15, 2024, 04:01:16 AM
September 15, 2024, 03:01:13 AM
September 15, 2024, 02:01:14 AM
September 15, 2024, 01:34:02 AM
F*ck it, I capitulated.
I just sold ~2% of my total stash.
Oh well, that dirty fiat will cover my expenses for the next couple of years..
I just sold ~2% of my total stash.
Oh well, that dirty fiat will cover my expenses for the next couple of years..
2% covering ALL expenses for 2 years..that's whalin' (at least in US)..congrats on the stash.
Fred Krueger thinks that most people (especially those with zero) should aim at 1 btc accumulation in the next 5 years:
https://www.youtube.com/watch?v=ezDZ2YEiKV4
Thanks, I guess.
Well, what can I say. I'm an autistic retard that bought the majority of my stash by luck at $10 per btc back in 2012.
I quit my corporate job in 2017 (in my mid 30ies) and been living on my bitcoin savings ever since.
I admire your discipline.
I don't agree with the part "Retard"
A person that made such beautiful decision call it luck (others did buy then but not many still hold till now) isn't retarded in my Books.
September 15, 2024, 01:01:16 AM
September 15, 2024, 12:01:14 AM
September 14, 2024, 11:01:14 PM
September 14, 2024, 10:21:08 PM
[edited out]
Well , @JJG, a bitcoiner given ample room even on a s--tcoin podcaster forum is still a bitcoiner. That that, he said that he 'does not mind' if someone peels off a "little bit" to invest in s--tcoins. Maybe, he was just being polite to the host
This is debatable in these corners, but overall, it's a very moderate and pro-bitcoin position overall.
His main thesis was "why invest in anything else when bitcoin is SO much better"-and this is a thesis I mostly align with (with a side view that RE and/or stocks could be good sometimes too).
Some of my best friends are shitcoiners (I understand that I am overusing this expression a bit, but when has overuse of an expression ever stopped this here cat? - if the shoe fits, put it on your hand.), so I do have a certain level of tolerance for shitcoiners and/or how some folks might get involved with some shitcoins and sometimes might even end up wasting time, energy and money in regards to the level of their distractions into shitcoin - yet of course, my having had pointed out that there is a bit of a shitcoiner angle within the interview was largely meant to be an observation about part of the context - and surely the little bit of potentially seeming sympathy that Krueger seemed to have had shown for the plight of shitcoiners was not enough to really trigger me too much into thinking that Krueger was overly sympathetic toward any shitcoins and/or shitcoiners. I did appreciate his statement that there is a need to learn about bitcoin (and/or even almost getting to the point of suggesting to learn bitcoin first, even though he did not quite go that far), so I still think that he dropped the ball a wee bit by not being a bit more derogatory towards shitcoins which could leave a bit of a wrong impression, and yeah it could have had been that Krueger was attempting to be a bit courteous of the views of the host, and/or courteous of the views of the expected audience.
September 14, 2024, 10:01:16 PM
September 14, 2024, 09:25:39 PM
F*ck it, I capitulated.
I just sold ~2% of my total stash.
Oh well, that dirty fiat will cover my expenses for the next couple of years..
Blz sir, help muh famalie
I just sold ~2% of my total stash.
Oh well, that dirty fiat will cover my expenses for the next couple of years..
Blz sir, help muh famalie
so you were the one keeping us under 60k
September 14, 2024, 09:18:39 PM
The sun released CME earlier today during a X4.5 flare event. While not squarely directed towards earth, with any luck there should be enough of an effect to see the aurora in southern regions of Europe and deep into the USA on Sept. 16... sorry, there's not enough data to pinpoint a more specific ETA yet... I'm waiting on NOAA.
edit: 1000 hrs UTC the event begins and should continue into the evening but the model shows a glancing blow. Couldn't start at a worse time for North American viewers but Europeans could be in for a show. Fingers crossed that the effect is amplified by the equinoctial effect.
edit: 1000 hrs UTC the event begins and should continue into the evening but the model shows a glancing blow. Couldn't start at a worse time for North American viewers but Europeans could be in for a show. Fingers crossed that the effect is amplified by the equinoctial effect.
September 14, 2024, 09:01:14 PM
September 14, 2024, 08:54:42 PM
[edited out]
2% covering ALL expenses for 2 years..that's whalin' (at least in US)..congrats on the stash.Fred Krueger thinks that most people (especially those with zero) should aim at 1 btc accumulation in the next 5 years:
https://www.youtube.com/watch?v=ezDZ2YEiKV4
I agree with your overall assessment that ONLY withdrawing 2% every two years is very baller to the extent that expenses are totally covered by cashing out that bitcoin. I suspect that Krubster has other sources of income.
Regarding the video, that's a pretty decent one, even though it was hosted by a shitcoiner podcast.., and it seems that even though Krueger is a bitcoin believer, he has some acceptance and/or tolerance to suggest that there is going to be something like 10% space that will be available for shitcoiner possibilities..
[edited out]
Thanks, I guess.Well, what can I say. I'm an autistic retard that bought the majority of my stash by luck at $10 per btc back in 2012.
I quit my corporate job in 2017 (in my mid 30ies) and been living on my bitcoin savings ever since.
Wow. That's an interesting way of framing the matter... so if you are able to completely live off of your stash for a couple of years, you have an overly conservative withdrawal rate. You could likely increase your withdrawal rate and still be quite fine, as I mentioned above, something like 2.5 % per quarter as long at the BTC price is at least 25% above the 200-WMA.
I also received a fair amount of btc of the Mt.Gox payout recently. A decade of waiting finally paid off.
I keep trying to ask Gox creditors what they got.. and I keep thinking that the amount received by Gox creditors was around 15%-ish of the size of what they had on the exchange (GOX).. .. but I am not really sure why I keep gravitating towards that 15% speculation number.
Well , @JJG, a bitcoiner given ample room even on a s--tcoin podcaster forum is still a bitcoiner.
That that, he said that he 'does not mind' if someone peels off a "little bit" to invest in s--tcoins. Maybe, he was just being polite to the host
This is debatable in these corners, but overall, it's a very moderate and pro-bitcoin position overall.
His main thesis was "why invest in anything else when bitcoin is SO much better"-and this is a thesis I mostly align with (with a side view that RE and/or stocks could be good sometimes too).
September 14, 2024, 08:36:54 PM
Constantly smacking the price down to just below $60k is not manipulation.
Nope. No manipulation. Nada. Zilch.
At all. Nope.
Nope. No manipulation. Nada. Zilch.
At all. Nope.
I am not going to deny that there are not efforts and abilities to keep BTC prices within ranges that the powers that be would like them to be as long as they are able to keep such BTC prices within such ranges.
Yet, let me put it to you this way.
If the powers that be were able to get their way in regards to manipulating the BTC price, then BTC prices would still be below $500, like they were in early 2016. They lost that below $500 battle, just as they have lost a whole hell of a lot of other battles along the way, and that is why the BTC price is more then 100x higher than where the powers that be wished it would be. There should be no need for me to describe the various battle points along the way and in the last more than two cycles (8-ish years).
Yeah, sure they win various battles along the way from time to time, yet the battles they are "winning" are largely Pyrrhic victories, yet still, you torquey warkie just love to claim "manipulation" when BTC is probably amongst the least able to manipulate markets in the world...and yeah, that is not saying much about the various other markets.
On the other hand, I didn't know that the inflows into Bitcoin ETFs have registered Around $403.8 million, it is thought that they can reach up to $300k in Bitcoin thanks to this, of course that is what is said, some articles talk about it, but it is not bad , can you imagine that by October and November Bitcoin will reach that price?
I am not sure from where you are getting your number, since it appears that to date the inflows into all of the bitcoin spot ETFs since January 2024 has been right around $17.3 billion.
https://farside.co.uk/btc/
F*ck it, I capitulated.
I just sold ~2% of my total stash.
Oh well, that dirty fiat will cover my expenses for the next couple of years..
Blz sir, help muh famalie
I just sold ~2% of my total stash.
Oh well, that dirty fiat will cover my expenses for the next couple of years..
Blz sir, help muh famalie
That sounds like a very sustainable withdrawal system if you are selling 2% every couple of years, yet I think that many of us might recommend spreading out your sells to be several times every couple of years rather than 2% to cover a whole 2 years, especially since this seems more like a consolidation area (and close to the bottom) rather than anything close to toppy.
I have already been spouting my mouth that 10% per year is sustainable as long as the BTC spot price is at least 25% above the 200 WMA.. and right now, at $60k-ish as I type, the BTC spot price is close to 54% above the 200WMA.
So from my current perspective if you have reached a status that you deem to be sufficiently accumulated or overly accumulate, you could withdraw right around 2.5% of your BTC stash every quarter and still have a sustainable withdrawal system, as long as you are withdrawing when the BTC price is at least 25% above the 200-WMA... for sure I would prefer to calculate the dollar withdrawal rates at 10% of the dollar value of the 200-WMA dollar value, since that is a more conservative withdrawal rate, yet I believe that withdrawing the 10% per year based on the BTC stash size works too it just tends to become way less consistent and more likely to be withdrawing way more dollar value than you need.
[edited out]
2% covering ALL expenses for 2 years..that's whalin' (at least in US)..congrats on the stash.Fred Krueger thinks that most people (especially those with zero) should aim at 1 btc accumulation in the next 5 years:
https://www.youtube.com/watch?v=ezDZ2YEiKV4
I agree with your overall assessment that ONLY withdrawing 2% every two years is very baller to the extent that expenses are totally covered by cashing out that bitcoin. I suspect that Krubster has other sources of income.
Regarding the video, that's a pretty decent one, even though it was hosted by a shitcoiner podcast.., and it seems that even though Krueger is a bitcoin believer, he has some acceptance and/or tolerance to suggest that there is going to be something like 10% space that will be available for shitcoiner possibilities..
[edited out]
Thanks, I guess.Well, what can I say. I'm an autistic retard that bought the majority of my stash by luck at $10 per btc back in 2012.
I quit my corporate job in 2017 (in my mid 30ies) and been living on my bitcoin savings ever since.
Wow. That's an interesting way of framing the matter... so if you are able to completely live off of your stash for a couple of years, you have an overly conservative withdrawal rate. You could likely increase your withdrawal rate and still be quite fine, as I mentioned above, something like 2.5 % per quarter as long at the BTC price is at least 25% above the 200-WMA.
I also received a fair amount of btc of the Mt.Gox payout recently. A decade of waiting finally paid off.
I keep trying to ask Gox creditors what they got.. and I keep thinking that the amount received by Gox creditors was around 15%-ish of the size of what they had on the exchange (GOX).. .. but I am not really sure why I keep gravitating towards that 15% speculation number.
September 14, 2024, 08:01:14 PM
September 14, 2024, 07:01:16 PM
September 14, 2024, 06:01:15 PM
Jump to: