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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5598. (Read 26606949 times)

legendary
Activity: 3892
Merit: 4331

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.
Where are you getting these numbers?
Buying dividend stock or 10 year treasury is NOT passive income.
Spending down your 1 mil is also not considered passive income.
You keep saying that over and over, but it is absolutely erroneous.
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".
Passive income is "earnings derived from a rental property, limited partnership, or other enterprise in which a person is not actively involved."
This is what passive income is, but it is NOT spending down your stash.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
Next 39 hours are critical Wink

Need to be at 60 k by tues 12 noon eastern standard time.

Ok.... I will bite.

Why?

I was reading that the world has 46-47 million millionaires.

https://en.wikipedia.org/wiki/Millionaire

To be a millionaire by the definition I found do not count your home you job or your pension.

Count your investable  wealth :

"There are multiple approaches to determining a person's status as a millionaire. One of the two most commonly used measurements is net worth, which counts the total value of all property owned by a household minus the household's debts. According to this definition, a household owning an $800k home, $50k of furnishings, two cars worth $60k, a $60k retirement savings account, $45k in mutual funds, and a $325k vacation home with a $250k mortgage, $40k in car loans, and $25k in credit card debt would be worth about $1,025,000; and every individual in this household would thus be a millionaire. However, according to the net financial assets measurement used for some specific applications (such as evaluating an investor's expected tolerance for risk for stockbroker ethics), equity in one's principal residence is excluded, as are lifestyle assets, such as the car and furniture. Therefore, the above example household would only have net financial assets of $115,000. Another term used is "net investable assets" or working capital. These practitioners may use the term "millionaire" to mean somebody who is free to invest a million units of currency through them as broker. For similar reasons, those who market goods, services and investments to HNWIs are careful to specify a net worth "not counting principal residence". At the end of 2011, there were around 5.1 million HNWIs in the United States,[9] while at the same time there were 11 million millionaires[10] in a total of 3.5 million millionaire households,[11] including those 5.1 million HNWIs"


So I am not there yet.

But if you have only 18 BTC = 1,026,000

My wife and I may get there 1 day.

Just stack your BTC. one day. 18 will not be needed only 9 coins will get you there. 9 x 115,000 = 1,035,000 That day is not far off.  Just stack the BTC and Hodl.

1 BTC = $1 million by 2025 I reckon. The absolute latest 2030.

Note however your purchasing power of that $1 million will be significantly reduced.
If we take an average 8% inflation rate we are actually talking almost exactly $500,000 in today's money by 2030.

So 2 BTC will, I think, make you millionaire in dollars in today's money by 2030 but most likely before then.

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.
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
legendary
Activity: 1526
Merit: 2617
I was reading that the world has 46-47 million millionaires.

https://en.wikipedia.org/wiki/Millionaire

To be a millionaire by the definition I found do not count your home you job or your pension.

Count your investable  wealth :

"There are multiple approaches to determining a person's status as a millionaire. One of the two most commonly used measurements is net worth, which counts the total value of all property owned by a household minus the household's debts. According to this definition, a household owning an $800k home, $50k of furnishings, two cars worth $60k, a $60k retirement savings account, $45k in mutual funds, and a $325k vacation home with a $250k mortgage, $40k in car loans, and $25k in credit card debt would be worth about $1,025,000; and every individual in this household would thus be a millionaire. However, according to the net financial assets measurement used for some specific applications (such as evaluating an investor's expected tolerance for risk for stockbroker ethics), equity in one's principal residence is excluded, as are lifestyle assets, such as the car and furniture. Therefore, the above example household would only have net financial assets of $115,000. Another term used is "net investable assets" or working capital. These practitioners may use the term "millionaire" to mean somebody who is free to invest a million units of currency through them as broker. For similar reasons, those who market goods, services and investments to HNWIs are careful to specify a net worth "not counting principal residence". At the end of 2011, there were around 5.1 million HNWIs in the United States,[9] while at the same time there were 11 million millionaires[10] in a total of 3.5 million millionaire households,[11] including those 5.1 million HNWIs"


So I am not there yet.

But if you have only 18 BTC = 1,026,000

My wife and I may get there 1 day.

Just stack your BTC. one day. 18 will not be needed only 9 coins will get you there. 9 x 115,000 = 1,035,000 That day is not far off.  Just stack the BTC and Hodl.

1 BTC = $1 million by 2025 I reckon. The absolute latest 2030.

Note however your purchasing power of that $1 million will be significantly reduced.
If we take an average 8% inflation rate we are actually talking almost exactly $500,000 in today's money by 2030.

So 2 BTC will, I think, make you millionaire in dollars in today's money by 2030 but most likely before then.
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
Recovery looking nice. Might put a little ketchup on the ramen tonight.
legendary
Activity: 4326
Merit: 8950
'The right to privacy matters'
I was reading that the world has 46-47 million millionaires.

https://en.wikipedia.org/wiki/Millionaire

To be a millionaire by the definition I found do not count your home you job or your pension.

Count your investable  wealth :

"There are multiple approaches to determining a person's status as a millionaire. One of the two most commonly used measurements is net worth, which counts the total value of all property owned by a household minus the household's debts. According to this definition, a household owning an $800k home, $50k of furnishings, two cars worth $60k, a $60k retirement savings account, $45k in mutual funds, and a $325k vacation home with a $250k mortgage, $40k in car loans, and $25k in credit card debt would be worth about $1,025,000; and every individual in this household would thus be a millionaire. However, according to the net financial assets measurement used for some specific applications (such as evaluating an investor's expected tolerance for risk for stockbroker ethics), equity in one's principal residence is excluded, as are lifestyle assets, such as the car and furniture. Therefore, the above example household would only have net financial assets of $115,000. Another term used is "net investable assets" or working capital. These practitioners may use the term "millionaire" to mean somebody who is free to invest a million units of currency through them as broker. For similar reasons, those who market goods, services and investments to HNWIs are careful to specify a net worth "not counting principal residence". At the end of 2011, there were around 5.1 million HNWIs in the United States,[9] while at the same time there were 11 million millionaires[10] in a total of 3.5 million millionaire households,[11] including those 5.1 million HNWIs"


So I am not there yet.

But if you have only 18 BTC = 1,026,000

My wife and I may get there 1 day.

Just stack your BTC. one day. 18 will not be needed only 9 coins will get you there. 9 x 115,000 = 1,035,000 That day is not far off.  Just stack the BTC and Hodl.
legendary
Activity: 2296
Merit: 2262
BTC or BUST
When in doubt, zoom out.



Doesn’t look anything like a Bitcoin top..
legendary
Activity: 1526
Merit: 2617
When in doubt, zoom out.

legendary
Activity: 2282
Merit: 1767
Cлaвa Укpaїнi!
How do you say "smoke grenade launcher" in German?
Don't ask.
legendary
Activity: 4326
Merit: 8950
'The right to privacy matters'
Next 39 hours are critical Wink

Need to be at 60 k by tues 12 noon eastern standard time.
legendary
Activity: 3878
Merit: 1193
So wait... I love this sentiment.  But HOW do we know?

Certainly the corns are not being sent to known addresses? 

https://insights.glassnode.com/bitcoin-liquid-supply/
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!

So wait... I love this sentiment.  But HOW do we know?

Certainly the corns are not being sent to known addresses? 
copper member
Activity: 1316
Merit: 715
Eloncoin.org - Mars, here we come!
leveraged traders
and cascading sell orders
brought king daddy down

we BTFD
whenever it's possible
to hodl again

bitcoin is rising
after the shakeouts again
one coin is one coin

#sundayhaiku


BITCOIN​ HASH RATE PLUMMETS

https://youtu.be/Ko6j1PCWlMs
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
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.
sr. member
Activity: 719
Merit: 388
copper member
Activity: 1316
Merit: 715
Eloncoin.org - Mars, here we come!
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
legendary
Activity: 1526
Merit: 2617

Interesting. So in other words this all has nothing to do with a madman's math.
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