I guess I should be happy now, yet feel a bit confused.
edit: for now, it seems to have been not much more than a very modest dip.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5597. (Read 26606949 times)
April 19, 2021, 05:57:37 AM
Put out buy orders just to be sure and the first order at 47K (euro) is checked; I must admit however that I put up my orders "just in case" and honestly expected a decrease at "derivative" opening time, but not in the middle of the (GMT) day.
I guess I should be happy now, yet feel a bit confused.
edit: for now, it seems to have been not much more than a very modest dip.
I guess I should be happy now, yet feel a bit confused.
edit: for now, it seems to have been not much more than a very modest dip.
April 19, 2021, 05:37:19 AM
I'm a simple man, I like the sun, holidays, a beach and big ass(ets).
April 19, 2021, 05:05:53 AM
Only strong hands left
Paper hands forever gone
We are the future
Haiku Sunday
(Pic credit - RD_BTC - Twitter))
Goodnight brothers, let’s hope for a green week ahead.
https://twitter.com/CHAIRFORCE_BTC/status/1383763384261169158Paper hands forever gone
We are the future
Haiku Sunday
(Pic credit - RD_BTC - Twitter))
Goodnight brothers, let’s hope for a green week ahead.
#stronghand
April 19, 2021, 04:30:02 AM
And some are talking about a crazy idea that looks don't matter..
April 19, 2021, 04:27:55 AM
True.
Billionaire lover. Passionate love affair, girl gets rewarded for physical sexual abuse. No problemo. Great guy.
Creepy millionaire film producer bastard, girls get awarded with careers. Lock him up.
Skanky bitch, sleeps with anything that moves, worth nothing.
Skanky bitch, sleeps with anything that moves and writes a song about it and gets famous, worth nothing. (Not that I would say no)
April 19, 2021, 04:26:58 AM
Is that a walrus on the right?
April 19, 2021, 04:14:03 AM
April 19, 2021, 04:12:51 AM
Bitstamps order book (BUY SIDE) has been knocking around $50m to $60 million for months now. Today it has jumped to $135 million. This is the highest I have ever seen it. bullish
April 19, 2021, 03:35:08 AM
How do you say "smoke grenade launcher" in German?
Don't ask.
NebelwerferDon't ask.
Good morning.
"Nebelwerfer" is rrrong.
It's a rocket/grenade launcher named after its inventor's last name (Nebel).
What you are looking for is "Nebelmittelwurfanlage" or "Nebelwurfanlage".
https://de.wikipedia.org/wiki/Nebelmittelwurfanlage
Good morning to you, too.
I stand corrected.
Ursäkt, Arrie.
April 19, 2021, 03:02:27 AM
Good to see them green dildos.
Too short.
Maybe green buttplugs?
April 19, 2021, 02:55:20 AM
Good to see them green dildos.
April 19, 2021, 02:16:10 AM
Woah, that's quite a response. I feel... honored.
I'm just going to keep it short and give my view why I rather stay in BTC instead of fiat.
Selling month to month may sound like a crazy way to manage cash-flow. But see it as a salary or DCA if you like. Bitcoin is my main source of income and has been so ever since I quit my job in 2016. The reason I'm staying all-in in BTC and not selling more than needed is because I feel that is the safest bet. Just like your strategy has been a success for you, this strategy has worked out pretty well for me. I'm doing OK.
If this indeed was the top of the bull-run and we were to enter another crypto winter, I can manage that too. Either way, I will try to take advantage of the volatility with my trading stash, which currently is around 5% of my total stash.
What's the worst thing that could happen, bitcoin going to zero over night because of some unpredictable event? Fine, that's not the end of the world (or maybe it is?). If it's not, I guess I'll just have to look for a job again. At least I had one hell of a ride.
April 19, 2021, 02:02:29 AM
How do you say "smoke grenade launcher" in German?
Don't ask.
NebelwerferDon't ask.
Good morning.
"Nebelwerfer" is rrrong.
It's a rocket/grenade launcher named after its inventor's last name (Nebel).
What you are looking for is "Nebelmittelwurfanlage" or "Nebelwurfanlage".
https://de.wikipedia.org/wiki/Nebelmittelwurfanlage
April 19, 2021, 01:58:26 AM
There is NO consensus that 1mil gives you 3.3 thou a month of passive income.
Where are you getting these numbers?
Where are you getting these numbers?
https://www.schwab.com/resource-center/insights/content/beyond-4-rule-how-much-can-you-safely-spend-retirement
Quote
One frequently used rule of thumb for retirement spending is known as the 4% rule. It’s relatively simple: You add up all of your investments, and withdraw 4% of that total during your first year of retirement. In subsequent years, you adjust the dollar amount you withdraw to account for inflation. By following this formula, you should have a very high probability of not outliving your money during a 30-year retirement according to the rule.
For example, let’s say your portfolio at retirement totals $1 million. You would withdraw $40,000 in your first year of retirement. If the cost of living rises 2% that year, you would give yourself a 2% raise the following year, withdrawing $40,800, and so on for the next 30 years.
The 4% rule assumes you withdraw the same amount from your portfolio every year, adjusted for inflation
For example, let’s say your portfolio at retirement totals $1 million. You would withdraw $40,000 in your first year of retirement. If the cost of living rises 2% that year, you would give yourself a 2% raise the following year, withdrawing $40,800, and so on for the next 30 years.
The 4% rule assumes you withdraw the same amount from your portfolio every year, adjusted for inflation
April 19, 2021, 01:54:13 AM
One good thing.... yesterday I didn’t lose any BTC
1btc = 1btc
Game remains unchanged
1btc = 1btc
Game remains unchanged
April 19, 2021, 01:31:10 AM
Ethereum the best
It’s been asked many times, please in the ethereum threads.... you really have no respect for others? This is a BTC thread....
April 19, 2021, 01:25:30 AM
How do you say "smoke grenade launcher" in German?
Don't ask.
Nebelwerfer Don't ask.
April 19, 2021, 01:12:39 AM
I think that there is also a kind of consensus evolving in recent times that even today, you need $2million as compared to what a millionaire would have been in 2010-ish So $1million will give you about $3,333 in passive income per month and sure double that with $2million.. to $6,667 per month of passive income.
There is NO consensus that 1mil gives you 3.3 thou a month of passive income.
You might need to work on your reading skills a bit more. I said that you need about double today as you would have needed in 2010 including millionnaire status.
As you likely already know because we have discussed the matter a zillion times, the passive income of $3,333 per month is based on using an withdrawal rate of 4% per year.. and presuming that you are able to earn at least 4% per year has been traditional accounting .. but not consensus because there are differing views on how much peeps believe that they can earn and/or safely withdraw from any principle in order to maintain it.
Where are you getting these numbers?
Traditional accounting... of a withdrawal rate of 4% per year, which is $1million x 4% = $40k/12.
Buying dividend stock or 10 year treasury is NOT passive income.
If you get value appreciation of at least 4% per year, then you can withdraw it.. its the same thing - and probably you have to earn a bit more if there are capital gains taxes or something like that in there which may well be different depending on which asset class you are referring to.. in this case we should be mostly considering bitcoin, but I understand peeps are going to diversify into other assets as well.. You can figure out the details of your own situation regarding how much you might need to sustain yourself, what assets you have... and what expenses you might have.
Spending down your 1 mil is also not considered passive income.
I give no shits. I am talking about if the value appreciates, then you still have the same amount in principle if you are ONLY spending from the appreciating amount.. same thing as passive income, only thing is that you may have to spend some time managing your money, but you are not having to bust your ass, you are living off of the value - and if you want to make it perpetual, they you should not be drawing into the principle.. even though at some point yit ou might want to draw down the principle as well.
You keep saying that over and over, but it is absolutely erroneous.
You have not pointed out any errors yet. Only complaining that might not be able to get 4% in appreciation to be able to account for the spending, and I would just suggest that you have more then or that you make sure that you are invested in assets that are appreciating at least if NOT more on average than you are withdrawing, in order that you are not eating into your principle.
I would be in agreement if you say that you can probably spend 3.3% of your stash every year without ever running out, but stop calling it "passive income".
I say 4%, and my new formula in bitcoin is going to allow up to 12% per year using the 208 week moving average.
And, yes it is passive because you do not have to work for it, beyond maybe managing it (which does not count), so I could give less than two shits if you accept my use of the word "passive" or not.
Passive income is "earnings derived from a rental property, limited partnership, or other enterprise in which a person is not actively involved."
In the case of bitcoin, it is value appreciation too.
This is what passive income is, but it is NOT spending down your stash.
If the value of your stash is appreciating more than you are spending, then for all intents and purposes it is passive income.. and with any volatile asset, you have to figure out a way to measure its value in such a way that attempts to account for the volatility and so you might not be withdrawing faster than it is appreciating - which I have been using the 208-week moving average for measurement of value for about the past 6 months to year or so. So currently the 208-week moving average has a value of close to $11,500. So in order to be a millionaire, you would currently need about 87 coins, and of course double that for $2million.. which I would suggest to be the bare minimum to reach fuck you status.
Since I am allowing up to 12% per year based on the 208-week moving average, of course, $1million may well be enough for many folks under my formula, because that would be $10k per month. That is $1million x 12% = 120k/12.
April 19, 2021, 01:02:49 AM
Ethereum the best
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