Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7046. (Read 26710251 times)

Seems that you are thinking too much, savetherainforest.

Must suck to be you, no?


You are all over the place, Biodom.

It's like you are talking ur lil selfie out of attempting to make a potentially realistic plan.  It's not like you cannot tweak the plan later or even change some of you parameters like you suggested, and I would think that by the time you get to fuck you status, you have pretty decent ideas regarding how much you need and areas in which you feel comfortable tweaking, as needed.

One thing about bitcoin continues to be its asymmetric bet angle, and even when people know about bitcoin, frequently, they do not appreciate the asymmetric bet angle.. .

Which largely means that there is no need to break the bank, or to gamble, or to place enormous amounts of value into bitcoin in order to potentially experience life changing amounts - given  a long enough investment time horizon.

So even investing $1,000 in 2015 could have gotten 4 BTC which could be a whole heck of a lot of value to just hang onto and let it play out however it will.

Remember how excited mindrust purportedly was to have had purportedly achieved a 10 BTC balance on the same day that he sold all of them?  10 BTC could be a life changing amount of value, and could have been achieved for a mere $2,500 for a large part of the year in 2015.

My point is not about looking back at could have, would have, should have, but instead to merely get started now, and just invest whatever you can on a regular basis, even if it is a mere $10 per week, or some variation of that.

By the way, $10 per week invested into BTC over the past 6 years would have gotten close to 4 BTC by now.. See this link. 

Yeah if you live in my suburb and own the house out right. With it paid off and a new car paid off.  you still need 100k a year pretax to be okay.

with the assumption health insurance does not get stupid expensive.

I am 63 my wife is 64.  So 30 x 100k = 3 million pretax I would be good.

So if my coins became 6,000,000 I would sell 1/2 pay the tax and hodl 1.8 million cash along with 3 million in coin.

Problem is I doubt my coins go to that value. ( ie don't have 12btc on hand)

But why not just start a business and force everyone to pay you in crypto?  
Something trivial but always necessary, like a plumbing company.

Or maybe you can start a hobby like gardening to cut costs? (Also they taste better )

er, it is what you calculated/implied from the $150k/year to "live OK in my area" that I provided.
It is just a matter of living in our city, not that i spend too much on nonsense.
I am sure that I know of a few places where I can live very well on a quarter of this, but why fantasizing about "fu status" and only talking about "fu" in some cheaper country and/or smaller cities and or rural areas?

I'll up the ante and say that, actually, 250K/year is more like it (for "fu") or $7.5mil if it is realistic or even possible to live 30 years more.
If 40 years, then it is $10mil, lol.

For now that seems to be adequate, but surely, I am thinking that soon we might need more specificity in the sub .01 BTC arena.

At the moment, .01BTC is still approaching $110, and even now, there are folks with lower BTC balances, and sure in the future, if we do another 10x (to $100k per BTC) or even 100x (to $1 million per BTC), there are likely going to be emerging hierarchies with the sub .01 BTC territory. 

I will concede that we could probably cross that scalability list when getting there, even while considering that at some point in the future, soon^tm, maybe the whole list will need to be re-thunk?

- Good to see we still got some good old fashion FUD bimbo hanging around. Maybe she bought some coin now she feeling confident.

- I often wonder if JiJiGi ... is some iLLuminati bullsh!t cryptic singer of encrypted text in his long tedious messages. And when he actually writes short stuff he actually goes off-topic from his personal agenda of speaking to the masses of his lodge.

you got that right dude....

coulda woulda shoulda...
Held my tesla stock I bought at $40.

coulda woulda shoulda...
Held all the free litecoins I won in a contest.

coulda woulda shoulda...
Held all the darkcoin I mined.

coulda woulda shoulda...
Bought a house before 2008 meltdown.

coulda woulda shoulda...
Invested that $50 in bitcoin around 2010 when I stumbled upon the website, instead of giving up and thinking it's just a scam.

coulda woulda shoulda...
Never started drinking.

coulda woulda shoulda...
Never touched drugs.

coulda woulda shoulda...
Never wasted my time at college.
(well I did learn how to support myself without sponging off mommy and daddy by selling weed, so there is that)

coulda woulda shoulda...
Learned to code  (beyond G code)

coulda woulda shoulda...
Practiced guitar more instead of just fun strumming silliness.

coulda woulda shoulda...
Followed my instincts and never trusted the asshole who pulled a knife on me and served 10 years.

coulda woulda shoulda...
Saved my closest friend, musical genius/bandmate of 30 years from putting a bullet in his head.

Hindsight is always 20/20.

You move on....

Very interesting indeed.



Must be more buyers than sellers.  



I don't know.



What is your fuck you level that you would need?  $6million, like Biodom?

At $500k per coin, you would need 12 coins bare minimum, but recently, I had been suggesting that it is better to use the 200 Week moving average as the calculator for whether you have reached fuck you status.. assuming that you can project what level you need.

The 200 week moving average is moving up pretty quick, it is like $100 to $200 per week, and currently it is at about $6,700.. so that would be good for some peeps with at least 298.5 coins.  I have been using $2 million as a good approximation of fuck you status.. perhaps 10 years ago, $1 million could have been sufficient, but times have changed a bit.

Of course, if we were to go up to $500k quickly, there is no way in hell that the 200 week moving average would catch up very quickly... especially since the 200 week moving average represents approximately a  4 year average (on the weekly candle).

Even if it took 4 years to go from here to $500k, probably the moving average would still be somewhere in the middle, if NOT a bit on the lower side of the middle, so anyhow, I am still currently thinking that giving bitcoin's ongoing volatility and ongoing likelihood to continue to be volatile, we need to use something like the 200 week moving average to figure our bottom - of course, unless we are completely cashing out of BTC, and personally, I do not recommend that kind of nonsense.


That is a decently BIG question.  Personally, I would expect that the amount that any of us might take out should not exceed what we would need within the next 3-4 years, and that would be extreme... Of course, if there is some kind of BIG expense item, then that would end up skewing the amount with a lump sum amount too.. and I suppose that is precalculated to be a reasonable amount of withdrawal.   

Personally, I would be willing to keep more in bitcoin and maybe if nervous take out 2-3 years worth of living expenses rather than a BIGGER chunk.

I have not completely thought about these kinds of withdrawals because my expected strategy was going to continue to be to merely take out between 1-3 months at a time, as needed... but I can see why it might be practical to take out up to two years at a time..

I will have to give some further thoughts to these ideas a bit more when I start to think about withdrawing more.. and sure there is some potential need to think about cashflow considerations for 2-4 years in advance and perhaps longer.. but I am thinking that if the cashflow horizon is 4 years or more, then why not just keep that portion in BTC and let BTC do its thingie-ma-jiggie, whatever that might be, but I am personally thinking that i don't even really feel any need to take out great quantities in this particular upcoming 4-year cycle. 

Will I regret it?  Not sure.  Might be worth some potential tweakening thoughts.

Yeah I also heard about it (or rather read something on the internet) early on but I didn't open that link, or maybe I opened the tab but saved it for later... When I finally got to it it was about 350$, still cheap, however I was poor back then, on benefits in fact, so not ideal to buy a bag.

Depending on where the price is going in the next decade or two, I could still have a life changing amount.

Of course for Saylor it's not life changing either way.

edit : the worst part is that from my teen years end of the 1990s up to 2013 I was running a couple of CPUs and GPUs on SETI@home, and when at school I installed that on dozens of computers... Not that I regret doing SETI, it's still what led me to mining, but what I was doing was so close to mining already !

Oh, I could do more.  I could probably eat every other day, sell the car, sell the home, live in a tent and cycle to work.
Hmmm...

Hey.  At negligible extra electricity cost on computers running anyway, I “could have” made more than that (anonymously!) by idle-mining a mere 855 blocks back in 2009–10.  Figuring at current USD/BTC rates—on a total HoDLing that “would have” exceeded MicroStrategy’s current total acquisitions.

So many people “could have”!

Hindsight, etc.

So, Saylor is now doing what he can do now.  So am I.  So are you.


Edited to add:

Many people missed out just by not paying attention.  (For my part, I don’t want to say exactly when I became conscious of Bitcoin—but I was aware of the cryptography list, and an occasional lurker there.  Thus, I “could have” even been in Bitcoin from 2009-01-03—while we are on the subject of “could have”.)

To have idle-mined even one block, and just backed up the keys (an easy concept for anyone familiar with PGP, etc.), would now be worth $550k.  And growing.  For a cost that would have been, as a practical matter, effectively zero.  Even those who saw Bitcoin as a toy “could have” hedged that way—just in case it turned into something valuable.

Everybody in the world potentially has a “could have” story here.  So, Saylor’s is that his company could have bought the same amount of Bitcoin for $470m less.  Eh.  Big deal.  He didn’t do it.

mindrust fish = used to have btc

At an average of 100$ in 2013 he could have saved his company 470$ millions ^^

Yes they can and very often do so. I know it is hard to believe so I don't talk about it a lot as most people would think I am kidding or I am crazy.

In this case I am simply giving all on the thread a chance to load up.

  Especially proudhon this post is dedicated to him with an honorable mention to mindrust as they both could make some nice profit here.

Shrimp = 0.1 < BTC <= 1 BTC
Krill = 0.01 < BTC <= 0.1 BTC
Bacterioplankton = 0 < BTC <= 0.01
Brain eating amoeba = 0 BTC

Don't tell me that your thoughts are able to predict the future.  I am not going to believe it.    


You have a similar outline in your thinkenings. 

Must be dee true, den.

We on WO all really know what is going on ...and how you are making the 'big bucks' on here....with the rubber room/whips and the extreme torture

of making folk (for $$$) endure such while making them read aloud all the WO posts as we post on WO in real-time.....

devilishly clever as a torture and S & M business...well played, well played indeed!

ack!...the horror! ..which reminds me I have to setup my next *cough* appointment.

Deeponion is a red-tag scam, and I think that I have seen that taxonomy elsewhere; I haven’t tried to track it down, but I doubt that it be original to their forum.