Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4612. (Read 26608915 times)

Explanation

Bitcoin is trading above pivot point and next likely target is 57K




www.investing.com

Explanation

Sorry Dude, was not meant to offend anyone, just to share the happiness and illustrate Bitcoin's success... Apologies if it was taken the wrong way. I'm sure LFC has way more than 0.00587 BTC and I'm sure he's very happy too, that his game prize money has grown so much.

Soon, with these "petty" amounts, one will be able to buy quite a lot of stuff. That's 587k sats we're talking about. I will not be spending it any time soon, I will keep it as an indicator of Bitcoin price appreciation, and to have a good story to tell nocoiner (and coiner) friends about Bitcoin's success.

https://twitter.com/PamDotP/status/1445335108731293701

Explanation

Explanation

Well Biodom, you did kind of point out part of the problem in terms of trying to generalize the Fidelity data to the overall population, even though the data can get some kinds of ideas of where people might be at in terms of some kinds of wealth that they establish.

The Fidelity data is specifically 401ks, and there are limitations regarding how much can be contributed into a 401k from earnings, and surely the employer would need to have such an option.. which is another problem in terms of actually building wealth through a 401k plan.

I still would suggest that any of us could have aspirations that go above and beyond such 401k plans, and maybe even by the time we are in our 40s or 50s be getting to fuck you status, as we have determined those numbers, and sure there might also be some of us who might be able to achieve such fuck you status in our 30s, but surely would seem like a rare duck - including that sometimes even a greater wealth cushion might need to be established to be able to make sure to have a sustainable cashflow from the principle wealth that has been built up.

Back to impostor syndrome is to get the sense that you have 10x, 20x or some greater amount more wealth than the circles in which you are and the circles in which you had anticipated that you would be at whichever age category that you are in.

I do believe that there are not a whole hell of a lot of normie Americans (probably applying to other westerners, too) who have substantial amounts of wealth outside of having their own home (presuming most of it might be paid off by the time they get to retirement age or some point before that) and maybe a 401k, so merely getting to some point of having some pool of wealth to draw from ends up likely being exceptions rather than the rule... so any of us who are able to have bitcoin and to allow bitcoin to get us to a higher status may well feel fortunate, even if we do not end up feeling like an impostor, exactly.

https://www.newsday.com/news/new-york/fbi-raid-nyc-sergeants-union-ed-mullins-1.50381710

Explanation

The question is: how much money an average person actually has?
Maybe not so little to call it almost nothing.
Looking at Fidelity in US (of course, having an account there means that you do have some money). Posting averages, not median (median is smaller).
20-29 years old: $12K
30-39: 42K
40-49: 103K
50-59: 174K
60-69: 195K (small increase due to starting distributions, probably)

https://www.nerdwallet.com/article/investing/the-average-401k-balance-by-age

TL;DR people have not an insignificant amount of money after ~45-50 years of age.

Bitcoin changes this, of course...but you can see where you would have been (on average) if not for bitcoin, etc. OR a good luck in other investments, inheritance or card games  .

Let's say that hypothetically you come into bitcoin with already existing assets that rise to the level of some kind of reasonable fuck you status, but you still have concerns that some of your income sources could either dry up or have some kind of potential issues.. so maybe you come into bitcoin considering that bitcoin could serve as a hedge or perhaps allow you to get to double fuck you status if everything plays out well and your bitcoin investment does well.

So largely you are projecting to stay in fuck you status, and you are projecting that your assets would continue to grow as a kind of hedge against a variety of status quo system fuck ups.

Bitcoin ends up bringing you to some kind of status that is 10-20 times higher than fuck you status (even accounting for inflation and various other shenanigans.. so even   10- 20 times higher than any kind of level of wealth that you had been expecting.. including that you had never thought that you were living poorly.. you had been living a good life.. and then you have 10-20 times more than expected, including more potential assets and profits coming from that.  You do not really know anyone in your circles that have that level of wealth, and you do not feel any different from any of those others - but you know that your wealth is something in the ballpark of 10-20 times greater than the  richest of those in your circle.. and maybe even 100 times greater than the normies and regular people..

Additionally, you are not really expecting your wealth to stop growing.. even if you started to spend like a drunk sailor, you consider that you have a lot of cushion that allows you a lot of freedom beyond entry level fuck you status or even 2-3x fuck you status but something in the ballpark of 10-20x fuck you status, as you had previously been contemplating such fuck you status.

So in that regard, you could feel a kind of impostor syndrome because you ended up achieving way more than any of those people in terms of level of wealth.. That is the kind of framework that I am considering for the hypothetical person who resembles no one that I actually know.

 


I said my piece, and I did not proclaim to be a mod, you dweeb.  Deny that you are pumping shitcoins, and I will take back what I said: otherwise, I stand by what I already posted.

Explanation

loved that show (SV)! too bad it ended, albeit the ending wrapped everything nicely.

No more tres comas, now we're into "cuatro comas"™!

Will need an updated image

Explanation

yeah I am not in your league.

 But I was very fortunate the other day with my  small pool mining at mmpool.org

https://bitcointalksearch.org/topic/mmpoolorg-15-fee-dgmpps-tx-feesvardiffmerge-minetor-559011

We hit a block after 4 years of mining (small pools do take 1 year or more to hit)

I picked up a nice piece of change.  
Very much an exotic way to buy and hodl or dca.

So selling a bit of it  is fine.

 

Just make it 80x. The taxes won't be a problem, I promise.

Explanation