Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5594. (Read 26607011 times)

Can one of you Euros give a synopsis of what all this Super League shit is all about?

Einstein said time is relative. Reading WO proves this. Away for 1 day due to super-crazy stuff happening at work. Came back and saw the flood of posts. Time is relative indeed!

Managed to observe BTC price from my phone. We had a "dip inside a DIP", and are now nicely recovering. IOW, business as usual. Honey badger was bitten by a cobra and is now recovering. Poor thing (the cobra).

Lots of fine posts here, by the usual quality WO residents. You know who you are. +WOsMerits to you all.

I see the occasional trolls are ever present, shilling shitcoins, especially during times of "crisis" (as if...). Again, you know who you are. Fuck you.

A true HoDLer knows how to separate the signal from the noise. Price charts are user-adjustable digital filters in disguise, and can do all the work for those who know how to use them. All that's needed is to lower the cutoff frequency (a.k.a. Zoom Out^TM). That's why long-horizon moving averages, such as the 52/208-week MA, are such good indicators. But what do the noobs and weak hands do? They zoom in and get rekt by the white noise. I guess it's a kind of Darwinian "survival of the fittest" principle. Maybe it's a good thing.

The future of a random or unknown process cannot be predicted, but Bitcoin is neither random nor unknown. Satoshi Nakamoto has given us inside information since its inception and for the next 120 years. Use it!

Aka SOMA...


Even though I tend to believe that a lot of the life extension ideas are fantasies rather than anything realistic that any of us should expect, I do agree with the idea of attempting to create a system that allows for a perpetual withdrawal rate, which would thereafter allow you to UP the withdrawal rate at a later date in order to start to dip into the principle.

I personally do not believe that a retirement plan should be designed with an exact window in which to use everything up until such date is known or comfortable.

In the end, each of us should be attempting to identify and to plan to follow a system that is customized to our circumstances and our comfort level. 

Also, even though I have a tendency to go overboard on making sure that I have a pretty BIG ass cushion, I find it a wee bit problematic when some members seem to be creating obstacles that seem to delay the allowance of pulling the fuck you lever - so in any event, there is going to be some balancing needs in terms of neither pulling the fuck you lever too soon and also being way too reluctant to pull such lever even when everything might not be aligned, even though you may well have enough finances to actually follow through with pulling such fuck you lever.


hahahahahaha.. wish all you like, sure there might be some things that you may be able to do to add a few years due to your richie status, but most likely the meat wagon is going to catch up to each of us and real life events are likely going to take away some of that living forever optimism.. blah blah blah.. not wishing any ill-will on anyone specifically... just trying some "real" talk on this here WO sometimes fantasy thread.

TIME magazine, the 98 year-old publication, will accept #bitcoin for subscriptions and hodl it on their balance sheet.
https://twitter.com/DocumentingBTC/status/1384103896465903620?s=20

I agree with you in the strict definition but if you're thinking in filthy fiat, and think Bitcoin is going to be fairly monotonically increasing forever, it kinda amounts to the same thing. Neither of these notions are particularly good ideas though.

yea, btc+covid+Trump+nft+(boobs+asses)...the latter two being essential components, I agree.
@JJG ramblings notwithstanding, this thread is officially blessed (by btctalk officionados) for occasional OT posts (well, I do agree that eth/ERC20, forks and XRP should be out).

 I could could explain what happened with doge but not on this thread. As this is a btc thread.

There's a wall on Kraken!

Is Proudhon's true identity Bill Gates by any chance?

https://www.express.co.uk/finance/city/1425225/bill-gates-bitcoin-cryptocurrency-price-prediction-value-rishi-sunak-britcoin-spt

as long as we agree that living off the stash is not passive income, it is "living off the stash aka eating your seed corn", albeit if you don't foresee any more harvest seasons, eating seed corn is fine.

OT: can anyone rationalize doge for me and when it is going to stop? There is something weird about this. Is it just like XRP in 2017 or are we going to meme-ize the large chunk of our investments?
In a funny way it shows the power of a "Sovereign Individual" (Musk is certainly the example of such). I would have to re-read it (SI book) yet again.
In a way doggy looks like a purposeful distraction from bitcoin.

Even if you use some sound money investment strategies as a guide, if you are your own money manager, you likely are going to want to do a wee bit of thinking for yourself in terms of what asset classes you are investing in, what levels of returns do you expect and what levels of withdrawal do you expect.

For example, in a quote cited by Phil_S, earlier, there was a suggestion that if the returns in the fund are greater than you expected then you could withdraw greater than expected, and I personally would consider that as a dumbass strategy that unless your goal is to draw down principle and you are in a liquidation phase. Also, fuck the 30 year timeline, you can make the timeline whatever you want, unless you happen to want to 30 year timeline, but my idea is to draw at a rate that allows the ability to draw and continue to draw at that rate to be perpetual, until such time as you change your mind and decide to increase your withdraw rate to start to deplete principle. 

In other words, strategies that you create should attempt to reflect your specific goals and your specific situation instead of blindly following some structure created by someone else in a different time and likely applying to different asset classes since we are also considering king daddy here, and not some random asset class, even though index funds have been a historical reference and can still serve as a jumping off point in order to consider the possible reasonableness and prudence of your assessments.

If and when Bitcoin reaches stability, we will, of course, have to seek other options if we wish to grow our wealth. That'll likely be the traditional investment categories, stocks, shares, loans, the normal gubbins. Hopefully by that time, they will be denominated in Bitcoin. Just living off the stash might well be a reasonable option for many though.

I'm pretty sure odd looking mustaches are optional. At least, I sure hope so.

I am not sure what DRP is, and if you are suggesting that it is a good supplement in terms of a type of asset to generate passive income?

Of course, if we keep most of our value in BTC (and maybe some in fiat), then we might consider ways to formulate systems that allow us to be able to draw from our BTC in some kind of way without having to either worry about the overly depletion of value within our intended timeframe or having psychological pressures regarding either from where to draw upon sources or that we might not have a sufficient cushion (your example of paying the $100 late bill).

It seems to me that if we are managing our own assets, even in the most toughest of times, we should have enough cushion that we are not overly worried about ways to pay various shorter-term expenses that might come in, but if times are rough for a considerable amount of time beyond expectations, we may well have to consider easier measures first in terms of cutting down on some of our costs/expenses in the short term so that later down the road we will not be running into figuring out our cash flow matters.

Regarding your target of increasing wealth by a minimum of 10% per year (I would add on average), I am in full agreement with that kind of targeting during accumulation of wealth phases, but once you get into either maintenance or even liquidation stages, the goals might change including whether you might merely be attempting to maintain value (however you measure that) or even starting to draw down the value.... So a goal of 10% per year minimum (on average) seems to ONLY apply to the accumulation phase - even if incidentally value might still increase in maintenance stage and even in liquidation stage, based on market movements.

Yes?

Exactly. History proved this fact many times.

1) A Tale of Two Crashes:

Coinbase, FTX, and the future of crypto.

https://twitter.com/SBF_Alameda/status/1384133118228004867?s=20

Nice thread about FTX, most innovative exchange imho