Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7307.

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: Hueristic on August 01, 2020, 11:38:17 PM

Quote from: cAPSLOCK on August 01, 2020, 11:35:29 PM

On the other hand maybe bitcoin could do something never seen before?? (Irrational Exuberance)

Punish CME shorters?

That I would like very much.

But I am thinking along the lines of moving in a way that really gets Paul Krugman all carbonated and talking about tulips and fax machines and Keynes.

And then just not stopping. For like a year. Just blowing up

Yeah I am fantasizing.

And here's a good cooldown.

Man I *LOVE* when the market is running so hot you are actually relieved by healthy pullbacks. Good Good... not parabolic yet... slow and steady... even quick and steady, really.

eddie13

legendary

Activity: 2296

Merit: 2271

BTC or BUST

Cool shakeout happening guys.. hurry look..

10812

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

$11,208, wow, DUMP!

$10,650

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: cAPSLOCK on August 01, 2020, 11:35:29 PM

On the other hand maybe bitcoin could do something never seen before?? (Irrational Exuberance)

Punish CME shorters?

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Y'all hate on me if you like... but I'm kinda thinking we need to cool down soon.

We want this to be a grind for now, not a parabola.

On the other hand maybe bitcoin could do something never seen before?? (Irrational Exuberance)

heslo

legendary

Activity: 1235

Merit: 1202

Quote from: JayJuanGee on August 01, 2020, 10:40:42 PM

Quote from: heslo on August 01, 2020, 08:58:58 PM

Quote from: BobLawblaw on August 01, 2020, 08:46:08 PM

Short liquidations pushed us into $11.9 territory.

$12k now in play.

Yep, I think we will break it today

Oh?

That's a very risky prediction.

Cheesy

I like to live dangerously

infofront

legendary

Activity: 2660

Merit: 2868

Shitcoin Minimalist

ivomm

legendary

Activity: 1891

Merit: 3096

All good things to those who wait

xhomerx10

legendary

Activity: 3808

Merit: 7912

I'm afraid I'll miss something if I go to bed. BTC is on a tear. Is there any resistance before 12350?

lightfoot

legendary

Activity: 3220

Merit: 2334

I fix broken miners. And make holes in teeth :-)

Hm. 12k. Hey, remember when we were stuck in the 11,000's for what seemed like forever? God that was hell.

JSRAW

legendary

Activity: 2184

Merit: 1540

xhomerx10

legendary

Activity: 3808

Merit: 7912

Icygreen

legendary

Activity: 1464

Merit: 1136

12K unlocked!

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

$12k

infofront

legendary

Activity: 2660

Merit: 2868

Shitcoin Minimalist

Quote from: Biodom on August 01, 2020, 08:39:34 PM

Today's movement is weird since it is all over the place.
I cannot really talk about it without mentioning specific alts, but talking about specific alts, especially those which think of themselves as contenders, is not my intention.
Rather, the fact is that some of them, including those which did not do anything for months, suddenly are full of action, rising 15-20%.
Ok, will mention long suffering grin just for giggles, since it is such a minor token. The rest would remain nameless, but you can check for your own amusement.
I wonder what is coming down the pike next week.

Quote from: BobLawblaw on August 01, 2020, 08:33:31 PM

https://twitter.com/whale_alert/status/1289730254664155136

geez these guys are so modest comparing to tether, lol.

ETH is on a tear too. It's ok to say it. In previous cycles, people seemed to bounce between the two, resulting in alternating pumps. This time, BTC and ETH are pumping together. Strange, but I guess it's due to all this DeFi nonsense.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: heslo on August 01, 2020, 08:58:58 PM

Quote from: BobLawblaw on August 01, 2020, 08:46:08 PM

Short liquidations pushed us into $11.9 territory.

$12k now in play.

Yep, I think we will break it today

Oh?

That's a very risky prediction.

Cheesy

bitserve

legendary

Activity: 1932

Merit: 1610

Self made HODLER ✓

Quote from: machasm on August 01, 2020, 10:03:46 AM

Quote from: bitserve on August 01, 2020, 09:07:56 AM

Quote from: machasm on August 01, 2020, 08:37:22 AM

It looks like this next bull run has well and truly started.
I have been HODLing pretty much most of my corn over the last 6 years apart from a small sell off back in early 2018.
I am now thinking about my next steps to ensure my retirement and to increase my BTC stash to leave as a legacy for my children.
My plan is to cash a small amount out somewhere between 40 to 100K to retire on.
I was thinking that I would continue to HODL 25% of my corn and begin to sell about 75% into a stablecoin backed by gold or some other fairly stable asset (PAXG perhaps?)
Then spread the PAXG over several lending platforms and earn interest while the price of bitcoin takes its natural course back through the next bear cycle (late 2022??).
Once we bottom out and begin the next upward trend after the next halving the plan is to buy back in with PAXG or whatever stablecoin would work.
The reason for using a stablecoin is twofold
1) Receive high interest yield on lending platforms
2) Avoid paying large Capital Gains taxes.

I was interested in my WO bretheren's thoughts on this.
So what do you guys think?

First, I will assume you mean 40K to 100K yearly? Anyway, I am not sure it is a good idea to retire early (another assumption) just having secured expense for only one or two years (another assumption) and taking for granted that they will keep coming or even that BTC couldn't crash dramatically.

Second, stablecoins.. yeah, it is a possible diversification but I wouldn't put all (or most) my eggs onto that. Diversify is key here: FIAT, Stablecoins, real estate, gold, maybe even some stocks (lol).... a mix.

Third, lending platforms? eeeeeeccccckkk Again not where I would put a substantial amount at risk...

In the end it is you who know in detail your finances and what percentages to assign to each asset but, overall, I don't think your plan is solid (IMHO). Sorry about that.

P.S.: Also, you don't avoid paying CGT by going into stablecoins. It is just the same as if you went into FIAT. Again, sorry about that.

Ah wasn't aware that you still pay CGT when going in to stable coins. That definitely puts a spanner in the works.
I didn't explain myself very well regarding cashing out a small portion. I meant I will be selling enough to be able to retire early when the BTC price reaches the region between 40 and 100k. I wasn't specifying the amount I was going to cash out.

That makes more sense then. So I assume you have already calculated the amount you will need in order to retire and the approximate price where you would do it. That part of the plan seems solid then.

Just also take enough additional to pay for the corresponding CGT and try to diversify: FIAT, stablecoins, real estate, gold...

lightfoot

legendary

Activity: 3220

Merit: 2334

I fix broken miners. And make holes in teeth :-)

Good poll, will see how it turns out. Meantime it keeps on purring up.

infofront

legendary

Activity: 2660

Merit: 2868

Shitcoin Minimalist

^ Will keep in mind for a future poll

Before then, I'd like to revisit (I think?) a poll we've had before. It's topical to the discussions lately about cashing out.

Old poll:

goldkingcoiner

legendary

Activity: 2310

Merit: 2119

A Bitcoiner chooses. A slave obeys.

The poll seems a bit outdated. We need a new one. Maybe one about when the first wave of fomo'ers invade WO?

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7307. (Read 26720873 times)