Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5998. (Read 26713355 times)

It's probably NOT the car for me either, even if I felt that I had some place that I would want to keep such a car and maybe use it a few times a year.

So yeah let's say that the car costs about half a million (of course, you could get a cheaper version, but why?)... and then probably we should calculate another half a million for various costs over a 10 year ownership of the car... Something like that.

So, if any of us feel that we have an extra million in wealth that we want to use to consume such a product, then that might not be a problem.. but then a question might be how much wealth should a reasonable person have in order spend around a $million on a nearly complete consumption good - and a show off status piece?

Probably $3million minimum.. and maybe above $5million would be preferable... but hey who am I to say.. I am not really very interested in such a car at this time, but never say never.

By the way, currently the 208-week moving average is getting close to $9,400, so a person would need to have:

BTC        ==    dollar value

106.383  = $1million

319.15  = $3million

531.915  = $5million

1,063.83  = $10million

By the way, if I am using the 208-week moving average of my measure of the bitcoin bottom ($9,400) for the intention of long-term considerations regarding my own bitcoin wealth management, I can also consider that any bitcoin that I were to cash in today, at this moment with the BTC price bouncing around $47,000 to $47,500, I get an immediate 5x return.. could feel good to do that, even though I am NOT cashing anything out beyond my normal practices (and system). 

But if anyone were to feel that they need cash in the coming year or less to consider if there might be an  amount of BTC to cash in that makes you feel good in terms of getting a certain locked-in value above the 208-week moving average, then 5x immediate returns cannot really feel bad.. and of course the 2080-week moving average is continuing to move up quite slowly, relatively speaking... but still moving up around $200 per week-ish in these here times.  Don't get me wrong, I am not suggesting anyone sell any of their bitcoins, but each person also has personal considerations in term of where they are at and if they believe that they can HODL through these kinds of periods, shave some off or are then in an accumulation stage of ongoingly buying more BTC because they have not yet met their personal BTC accumulation goals.


Sounds gross.

 

I don't have any desire to try it - but again, never say never, if there might not be some other options out there.

This is going to be THE downward slide. If you don't want to be demoralized, then sell everything, or aggressively short at maximum leverage. There will not be another bull run.

I hope we're not in for years of slow downward slide again. That was demoralizing.