Explanation
Chartbuddy thanks talkimg.com
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 719. (Read 26586052 times)
May 18, 2024, 05:01:14 AM
May 18, 2024, 04:01:15 AM
May 18, 2024, 03:01:13 AM
May 18, 2024, 02:34:05 AM
We are so back! (stopping Chartbuddy)
Only one small outflow in the whole week: GBTC on Tuesday was barely noticed amidst all the inflows.
Is there a thread to discuss ETF on this forum, is this the only place? Looks like a bit empty.
Only one small outflow in the whole week: GBTC on Tuesday was barely noticed amidst all the inflows.
Is there a thread to discuss ETF on this forum, is this the only place? Looks like a bit empty.
May 18, 2024, 02:01:13 AM
May 18, 2024, 01:01:14 AM
May 18, 2024, 12:01:13 AM
May 17, 2024, 11:01:11 PM
May 17, 2024, 09:55:27 PM
The problem for me was 2012 to 2017 I did not believe it as much as I should have.
By the way, I had meant to send and smerit to your other post, not this post.. .
It was this one:
....... I do ask these questions quite often. With involvement of multiple partners/investors ........
Anyhow, I just want to say, that surely you likely did warm up to BTC more after 2017, but still, you have never really been much of an accumulator and holder, which likely would have also worked quite well after 2018.. ..
So, I am somewhat sorry to say, that you are kind of deluding yourself to proclaim that you made some kind of a major transformation after 2017 to become more of a Bitcoin believer, and sure relatively speaking you likely made progress, but it was not the kind of progress that could have gotten you set up pretty decent if you would have had realized in 2017/2018 to really get serious about BTC accumulation, such as shooting for some kind of a target in which your quasi-liquid investment portfolio would have been able to reach 15% or more within a year of converting into bullish..
So let's even say that you got bullish about bitcoin around the top of the 2017 BTC price run, you could have pretty much front loaded and invested into bitcoin starting from the 2017 top and spread your entry over the whole year of 2018 and perhaps even leaking a bit into 2019, and really gotten to a point of stacking up some sats.. .. and you can do the calculations for yourself in terms of figuring out what would have been around 15% of your quasi-liquid investment portfolio and spread out the DCA over 12-18 months from whatever timeline that you would have had started.. and if you want I could do the numbers for you...
If we go from October 1, 2017 and if our budget was $79k between October 1, 2017 until April 2019 (that's 18 months of DCA).. and then after March 2019, we just invested at $100 per week until now. Ok. I cannot resist..
Here it is $1k per week for 18 months between 10/1/2017 and 3/31/2019 would be $79k invested and 12.93 BTC, and then if we did $100 per week from April 1, 2019 until present that would be $26,800 invested and about 1.5566 BTC.
So that would be a total fo $105,800 invested and 14.4966 BTC. That surely would not be a bad place to be, and you could just start cashing out around 4-10% per year and/or maybe using raking too.
[edited out]
FTFY.All solid investors advice is following what i said in opposition of what you said.
https://www.investors.com/how-to-invest/investors-corner/when-to-buy-stocks-by-following-the-stock-market-trend/
Quote
If you buy stocks during a market uptrend, you greatly improve your chances of being right. But if you buy as the market indexes are in a downtrend, the odds turn against you, increasing your risk and the likelihood of being wrong.
The reason that you might have had some success doing the opposite may lie in the overall strong trend UP in bitcoin, so bitcoin essentially papers over your "mistakes".
May 17, 2024, 09:39:22 PM
[edited out]
Why do you want to sell corn anyway?
I get the miner selling, of course.
In principle, you BUY when it is going up and you SELL when it is going down (like you buy in the bull market and sell in the bear market), but you are doing the opposite.
Why it is erroneous in general: because in a bull market you never know how high it would go, so as long as it rises, you buy and "pyramid" and in the bear market you never know how low it would go, so you "distribute".
yes.. you are doing the opposite of best practices, Biodom - especially in bitcoin.
You should be buying on the way down and selling on the way up.. but careful to budget so that you never run out of cash to buy on the way down, and also budget to never run out of bitcoin on the way up, so in other words don't sell too many of your BTC and/or blow your wadd by selling too many too soon.
Of course, you can modify how much you buy or you sell based on where you are at in life.
But whatever.
To each his own... you keep doing the opposite of worst
FTFY.
All solid investor's advice is following what i said in opposition of what you said.
https://www.investors.com/how-to-invest/investors-corner/when-to-buy-stocks-by-following-the-stock-market-trend/
Quote
If you buy stocks during a market uptrend, you greatly improve your chances of being right. But if you buy as the market indexes are in a downtrend, the odds turn against you, increasing your risk and the likelihood of being wrong.
The reason that you might have had some success doing the opposite may lie in the overall strong trend UP in bitcoin, so bitcoin essentially papers over your "mistakes".
May 17, 2024, 09:23:03 PM
Hey buddy do you think I should cash out today and just walk away from this all?
Some days I just feel like cashing out and walking away from all this.
For some reason I feel this way today.
I guess the question you have to ask yourself is why you are doing this in the first place. Did you get involved to have some temporary fun, to change the world, to get rich, to be a part of something? Did you get everything out of it that you wanted to? Do you still see a path to achieving your goals? Or is this just something you do for money because you’ve been doing it so long? Some days I just feel like cashing out and walking away from all this.
For some reason I feel this way today.
I would like to answer for Philip.
He cannot resist, but to cash out every single year.
He cannot help himself.
That is part of the reason that he barely has any bitcoin, relatively speaking... and at the age of 67-ish, he should be cashing out rather than buying... but maybe perhaps in slow (and sustainable) ways (such as raking and/or time-based), rather than all or nothing kinds of approaches (and thinking).
#justsaying
[edited out]
I do ask these questions quite often. With involvement of multiple partners/investors the mine got bigger than I wanted. It was hard to run and the four of us had a lot of disagreements on the direction to head the business. So the Father and son half broke off the deal with myself and my partner. Leaving me and my partner with a lot of paid off gear and not any power to run it.I have been selling it off piece by piece on ebay and other spots. I am 67 the amount of work I did from dec 2018 to may 2024 was a lot. Basically almost a full time job. I did make money coin gear etc.
I have zero debt
I have coins
I own a home
Wife and I have pensions
I post on bitcointalk and altcoinstalks earning side coins
I am more interested it liquidating the gear and reducing it way way way way lower. Maybe 20kwatts vs 210/220kwatts.
Some days I just feel worn down from the mining experience.
As for posting and shooting the shit that will not wear down I still post copiously on multiple forums and will likely do that as long as life lets me do so.
There is no reason to mine. Especially at 60 or even at 67.
If you have an amount of BTC, you can engage in time-based releases as in the sustainable withdrawal model (including doing a 10% annualized version) and/or you can engage in raking. Either way pick your amounts based on your BTC stash size.
[edited out]
Why do you want to sell corn anyway?
I get the miner selling, of course.
In principle, you BUY when it is going up and you SELL when it is going down (like you buy in the bull market and sell in the bear market), but you are doing the opposite.
Why it is erroneous in general: because in a bull market you never know how high it would go, so as long as it rises, you buy and "pyramid" and in the bear market you never know how low it would go, so you "distribute".
yes.. you are doing the opposite of best practices, Biodom - especially in bitcoin.
You should be buying on the way down and selling on the way up.. but careful to budget so that you never run out of cash to buy on the way down, and also budget to never run out of bitcoin on the way up, so in other words don't sell too many of your BTC and/or blow your wadd by selling too many too soon.
Of course, you can modify how much you buy or you sell based on where you are at in life.
But whatever.
To each his own... you keep doing the opposite of best practices, and if it is working for you (so far), then so be it.
Interesting: money you need to make as a household (or withdraw or have the cash flow) in various US states to be middle class:
https://www.cnbc.com/2024/05/16/salary-needed-to-be-middle-class-in-every-us-state.html
It's more reasonable in TX than in NJ and MD (DC area, I assume).
https://www.cnbc.com/2024/05/16/salary-needed-to-be-middle-class-in-every-us-state.html
It's more reasonable in TX than in NJ and MD (DC area, I assume).
Still $80k is going to be pretty good for most, and yeah that is likely going to keep going up... but still $80k is a $2 million in traditional investments with a 4% withdrawal rate, and $800k in bitcoin with a 10% withdrawal rate.. and other details and caveats apply in order to get those rates to work.. which I would assert that right now is right around 23 Bitcoin...
*I have to always tell this to myself when I contemplate QLACs and other annuities.
You can do better managing it on your own and mostly being in bitcoin, as long as you get the numbers right (or approximately right... since you don't really need to be completely right with bitcoin and it if you are somewhat conservative, bitcoin will likely allow you to out perform your expecations).. of course, no guarantees, but seems better than having a third party fucking things up.
May 17, 2024, 07:02:43 PM
Interesting: money you need to make as a household (or withdraw or have the cash flow) in various US states to be middle class:
https://www.cnbc.com/2024/05/16/salary-needed-to-be-middle-class-in-every-us-state.html
It's more reasonable in TX than in NJ and MD (DC area, I assume).
https://www.cnbc.com/2024/05/16/salary-needed-to-be-middle-class-in-every-us-state.html
It's more reasonable in TX than in NJ and MD (DC area, I assume).
Does that take into effect being under water or without utilities in life threatening situations?
You mean Texas? Yeah...
I feel like there is no place anywhere that is not somewhat risky rn, but I could be wrong.
If the current trend continues, in 20-30 years there will be not a single insurance company left standing, though, in all likelihood*.
Besides that, the post was not about the best place to live, but about how much money you need to make to live in those places (at the middle class level).
*I have to always tell this to myself when I contemplate QLACs and other annuities.
I am in NJ and considered middle-class . It does not take into account your debt.
If you own your home and it has decent real estate taxes (6000 would be very low for real estate tax in NJ)
My real estate tax is about 9000 many NJ home the real estate tax is more than 20,000
below is a suburb in NJ a nice home that would be say 700k in North Carolina is 1.4 million and taxes are 29k
https://www.trulia.com/home/549-corbett-pl-oradell-nj-07649-37985680
Wow..Trulia does not even post square footage of the homes for sale (in NJ)?
Yea, SanDiego is the same..I have seen a 1700 sq ft house for 1.4 mil (albeit, taxes are smaller).
square footage is hit or miss some times you see it others you don't. same with land size some times it is their other time it is not.
Also In NJ close to NYC can 2x the price.
The house I showed above is in a very good safe suburb close to Manhattan it literally is 2x the price of my home as I am 2 hours out of NYC
May 17, 2024, 06:52:32 PM
Interesting: money you need to make as a household (or withdraw or have the cash flow) in various US states to be middle class:
https://www.cnbc.com/2024/05/16/salary-needed-to-be-middle-class-in-every-us-state.html
It's more reasonable in TX than in NJ and MD (DC area, I assume).
https://www.cnbc.com/2024/05/16/salary-needed-to-be-middle-class-in-every-us-state.html
It's more reasonable in TX than in NJ and MD (DC area, I assume).
Does that take into effect being under water or without utilities in life threatening situations?
You mean Texas? Yeah...
I feel like there is no place anywhere that is not somewhat risky rn, but I could be wrong.
If the current trend continues, in 20-30 years there will be not a single insurance company left standing, though, in all likelihood*.
Besides that, the post was not about the best place to live, but about how much money you need to make to live in those places (at the middle class level).
*I have to always tell this to myself when I contemplate QLACs and other annuities.
I am in NJ and considered middle-class . It does not take into account your debt.
If you own your home and it has decent real estate taxes (6000 would be very low for real estate tax in NJ)
My real estate tax is about 9000 many NJ home the real estate tax is more than 20,000
below is a suburb in NJ a nice home that would be say 700k in North Carolina is 1.4 million and taxes are 29k
https://www.trulia.com/home/549-corbett-pl-oradell-nj-07649-37985680
Wow..Trulia does not even post square footage of the homes for sale (in NJ)?
Yea, SanDiego is the same..I have seen a 1700 sq ft house for 1.4 mil (albeit, taxes are smaller).
May 17, 2024, 06:36:11 PM
I am close to leaving this game I did it a long time .
Take a look at the economy. You may want to leave the game but the game may not want to leave you. Never go full fiat and all that.
Well I would still post and earn a few bucks that way.
It is not much but it is decent since I post anyway.
May 17, 2024, 06:34:43 PM
From this chat we can see that Bitcoin has come a long way and it will keep growing bigger and better as time goes on . All we need to be part of this greatness is patience and so am encouraging everyone in this forum my juniors and senior's here in this forum to keep hodling the future of Bitcoin is great, from 2010 till date has been a huge success.
May 17, 2024, 06:04:04 PM
I am close to leaving this game I did it a long time .
Take a look at the economy. You may want to leave the game but the game may not want to leave you. Never go full fiat and all that.
May 17, 2024, 06:00:29 PM
Interesting: money you need to make as a household (or withdraw or have the cash flow) in various US states to be middle class:
https://www.cnbc.com/2024/05/16/salary-needed-to-be-middle-class-in-every-us-state.html
It's more reasonable in TX than in NJ and MD (DC area, I assume).
https://www.cnbc.com/2024/05/16/salary-needed-to-be-middle-class-in-every-us-state.html
It's more reasonable in TX than in NJ and MD (DC area, I assume).
Does that take into effect being under water or without utilities in life threatening situations?
The former can generally be avoided by not living in low-lying areas and flood plains. The latter was notable because it was a rare event (unlike rolling blackouts in CA that were a thing for a while).
May 17, 2024, 04:50:15 PM
philipma1957 I haven't met someone on the forum wanting to walk away since 2017. This guy actually did walk (and that was at 10k).
When I actually had some, I set mine on date or price or emergency target. The date's still a halving away at least. The price who knows. The emergency arrived in late 2020... I think no matter what, it's nice to walk on your own terms.
She ain't waiting for 100k to tap your ass my man.
When I actually had some, I set mine on date or price or emergency target. The date's still a halving away at least. The price who knows. The emergency arrived in late 2020... I think no matter what, it's nice to walk on your own terms.
Is that me and Sydney Sweenie when Bitcoin hits 100k?
She ain't waiting for 100k to tap your ass my man.
I am close to leaving this game I did it a long time .
The problem for me was 2012 to 2017 I did not believe it as much as
I should have.
So even though I have made 100,000's of thousands it would have been a lot more by simply posting a signature and holding the coin.
Some times you get discouraged at what you did with it even though you made decent coin you feel it should have been way more.
May 17, 2024, 04:44:56 PM
philipma1957 I haven't met someone on the forum wanting to walk away since 2017. This guy actually did walk (and that was at 10k).
When I actually had some, I set mine on date or price or emergency target. The date's still a halving away at least. The price who knows. The emergency arrived in late 2020... I think no matter what, it's nice to walk on your own terms.
She ain't waiting for 100k to tap your ass my man.
When I actually had some, I set mine on date or price or emergency target. The date's still a halving away at least. The price who knows. The emergency arrived in late 2020... I think no matter what, it's nice to walk on your own terms.
Is that me and Sydney Sweenie when Bitcoin hits 100k?
She ain't waiting for 100k to tap your ass my man.
May 17, 2024, 04:11:25 PM
Interesting: money you need to make as a household (or withdraw or have the cash flow) in various US states to be middle class:
https://www.cnbc.com/2024/05/16/salary-needed-to-be-middle-class-in-every-us-state.html
It's more reasonable in TX than in NJ and MD (DC area, I assume).
https://www.cnbc.com/2024/05/16/salary-needed-to-be-middle-class-in-every-us-state.html
It's more reasonable in TX than in NJ and MD (DC area, I assume).
Does that take into effect being under water or without utilities in life threatening situations?
You mean Texas? Yeah...
I feel like there is no place anywhere that is not somewhat risky rn, but I could be wrong.
If the current trend continues, in 20-30 years there will be not a single insurance company left standing, though, in all likelihood*.
Besides that, the post was not about the best place to live, but about how much money you need to make to live in those places (at the middle class level).
*I have to always tell this to myself when I contemplate QLACs and other annuities.
I am in NJ and considered middle-class . It does not take into account your debt.
If you own your home and it has decent real estate taxes (6000 would be very low for real estate tax in NJ)
My real estate tax is about 9000 many NJ home the real estate tax is more than 20,000
below is a suburb in NJ a nice home that would be say 700k in North Carolina is 1.4 million and taxes are 29k
https://www.trulia.com/home/549-corbett-pl-oradell-nj-07649-37985680
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