Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 661. (Read 26468677 times)

I left Germany as soon as the Covid madness started. I purchased an apartment in Turkey in 2021 (85k euro) and brought all my stuff from Germany to there. So I dont pay rent for my apartment. The monthly costs of the apartment are 50 bucks for the whole complex (swimming pool, electricity for elevators, security salary etc.). I am still registered in Germany because of the tax free cash out option. Other than that I don’t have anything to do with Germany. So right now I’m living in Thailand for over a year. But heading back to Turkey soon. I’m spending about 1.5 to 2k a month here for rent and eat good food and coffee and stuff. I’m a happy guy if I can keep this lifestyle. Not interested in lambos and yachts and blow. In Turkey I live a real good life for 500-700€ a month due to not paying rent and having no other expenses besides food.

As for the other replies, I would definitely buy back Bitcoin if it drops and we see another bear market. I missed this chance in the last 3 cycles. Even though I am kind of a veteran in holding, the last 3 bear markets were rough and I don’t want to stay on the sideline and watch another one. Also as I said, 11 years in Bitcoin but I still don’t fully believe that Bitcoin is 100% here to stay. As soon as it gets too powerful, the cabals will find a way to get it under control. They are dominating this world for hundreds, maybe thousands of years. They won’t let a crypto coin take the power from them.

Oho! Look who's here! I'm buying the rumor right now...

Explanation
Chartbuddy thanks talkimg.com

The main idea is: sell when you must, but "must" could be different.
1% every 10k makes some sense, but these are "artificial" numbers, not corresponding to some "natural" progression.
I am in more of a "sell to pay for something" camp.
However, you are a bit strict with your approach (no banks, no stables, etc).
What's left: gold/silver (physical), residential real estate, including rental projects (worldwide), farm land or farms, timberland/timber.
Selling from bitcoin into equities-strange, but also within reason.

I saw the youtube video (sorry, no link) about a couple of german multimillionaires investing in timber as diversification.
I am amazed by the fact that $2k/mo is enough to live (in Germany, I assume), including traveling and rent.

I'm bullish as hell on Bitcoin and have been for over a decade.  A side effect of it's meteoric rise is that my asset allocation has gotten way out of whack.  I don't want to sell any BTC, but I do feel like there comes a point when it's irresponsible to have so much of your wealth in a single asset.  So I can understand the profit taking.  I also think that moving some capital into dividend paying equities can help you build up your income to be a regular purchaser of BTC instead of a holder. 

Explanation
Chartbuddy thanks talkimg.com

bc all depends on your holding

for example a little fiat to cover stuff ain't bad... imagine after 69k ATH... if I didn't sold any for no mather what reason, maybe buy property or travel, supporting live style or whatever... and even if not spending it then there is the possible opportunity of being back lower and still have some dirty FIAT.
But the main main thing is if I didn't sold any and my desire to buy something expensive is there like property or whatever then I just have some cash bc I surely wouldn't sell any there at the 20k ish price we got served for more as a year or so.
sometimes cash is needed for fast decisions and selling some at high prices is logical for such.

Just my thought, keep in mind the biggest amount stays in corn and the maybe opportunity to buy back low is just a thing.

Why not just keep it in Bitcoin unless you're spending it on a purchase or other payment?

You are lucky to sell at 13k because AFAIK the price after Dec 2017 ATH went down to 3.5k in Dec 2018.

I fully agree with you that you must have your own strategy with you that tells you whats best for you and your family.

Explanation
Chartbuddy thanks talkimg.com

Why not just sell and buy again? That way no tax on that 'initial' investment sum later, if the law changes.

If you convert to USDT, it still counts the same as if you cashed out. The 1 year law only allows back and forth transactions between wallets that you provably own.

Start selling around €200k next year not below €150k.

Explanation
Chartbuddy thanks talkimg.com

Yeah I am in Germany. Holding for 10+ years. After 1 year of holding its tax free (they wanna change this). But I don’t know how it is when I convert bitcoin into USDT and then later in euro if I wanna cash out fiat. Or buy back.

So I set a sell order at 69k. Doesn’t feel right. But at some point you have to let your kids go.

To answer that (I alsmost talked about it in my initial post) would depend on how it works with taxes.

Here in France if I sell in USDC (my preference but same with any other crypto) then it's not a taxable event.

So if I use the USDC to buy back later, still not a taxable event.

If I sell to fiat, 30% tax. So only doing it when in need to use the fiat (or I guess, get it out of the exchange if there are trust issues).

That sounds like a plan. I was also thinking to sell 10% maximum. Question is, would you keep that in USDT?

+1 WOsMerit

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airdropping +1 WOsMerit for the new ATH also...just seems fair...so if you posted over the last several pages....whelp...your in


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gm all

slipped and fell into my weed stash last night...lemon slushee....thats why the commentary might have been a bit sparse....was paralysed   

be that as it may....the show must go on

random interest generator activated

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the caturday morning wall report

dyor


Biden adderals up and speeketh's at the State of the Union address
attacks SCOTUS....how embarrassing      perhaps its just me but what happened to dignity?
the Senate funds yet another stop gap bill to avert another gubermint shutdown...whats another 460 billion right?
US stocks hitting record highs...with expectations of a 5-10% haircut in the coming months
T-bill yields falling with a rising unemployment rate and wages tempering
leading to a increased probability of rate cuts from the Fed by mid year from what most of the talking head are parroting
not many talking about the regional bank crisis that still simmers
NYCB to receive 1 billion for a bailout(another bailout?)


IFT-3 scheduled for launch next week on the 14th
hoping for a orbital flight...because...we choose to go to the Moon

stronghands

If I had a stash of 10 coins that cost me 1000 each.

I would peel 1 coin off and set up ladder sales with it.

.2 at current price of 68 or 69 this gives me over 13600 which is more than the ten I got at 1000 each in 2013.

I still have 9 in cold storage
I still have .8 to ladder sale.
say
.1 at 74740
.1 at 83830
.1 at 93930
.1 at 98980
.1 at 111110
.1 at 122545
.1 at 131131
.1 at 141141

now this assumes you have 10 coins at a cost of 10000

you end up with 9 coins and a lot of cash 💰 above the original investment.

maybe we end the weekend at 72k

  Did a ton of driving yesterday but I finally had a chance to investigate early this morning.  Turns out there's an option to display the time in the user's local time rather than UTC.  I thought I had left it "off" but I found that option selected "on" for one of the images.  So now if the date/time differs, it's because I'm too cheap to pay US$1k+ per month to use json data for a dynamic date... which is also why I no longer provide "blocks remaining".
 In fairness, the sales guy (very nice guy) offered to set up a data source for me if I signed up for a year... but after the halvening, I couldn't see a use for it.