Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7498. (Read 26724301 times)

After converting bitcoin into cash, he went on a world tour.
It seems that this was his dream. However, it was his decision that he made.
I tried hard to find him, but could not find his picture nor any social media accounts

The hair on the back of the neck stands on end waiting for that ecstatic moment - when traders' infatuation with short-term momentum indicators finally betrays them.

Lol, I think there is to much mis-communication going on here starting with the fact "Cash out" mean to divest all of an asset into cash therefore he would have nothing but 2.3mil in cash which would have been retarded and then I stated if you went from a wage slave to "needing" 2.3mil in cash then you needed to re-evalute your spending habits. You took that as an insult and twisted it around to me saying he should have stayed working and not cashed anything and it just went downhill from there.

At least that is how I see this conversation progressed.

What they should have done is stated he sold a portion and all would be fine, it was an incorrect choice of words.

ummm....yah...

full cock and ball formation?

#dyor
4h


3 black crows sitting on a cloud
D

#stronghands


--------

Deep breaths everyone...deep breaths. We will get thru this and be stronger for it.

Nobody said anything about pissing away millions until this last post of yours.

You told me I need to re-examine my life habits due to the fact that I pointed out that going from being a wage slave to having a $2.3M cushion is a larger life change than going from $2.3M and free to $190M and free. In the abstract, at that. Specifically implying that there was something wrong with me for thinking having $2.3M might be a nice thing. Again, in the abstract.

Not only was your attack unwarranted on a personal level, but the lack of logic behind it is truly asinine. JJG just got done explaining -- yet again -- that many money managers consider a 4% annual drawdown from principal to be sustainable from typical retirement age until death. Which is a $92K annual drawdown on $2.3M. Not shabby, but neither is it anywhere near what I was making when I was a wage slave. And I ain't typical retirement age yet, so allowances need be made to extend the principal that many more years.

So just GTFO with your self-righteous assertion that I need to reorder my priorities.

If any nerve was hit, it was the one that leads to my blowhard asshole detector.

Not pissing away millions makes someone life meager?

I think I hit a nerve.

Apparently someone doesn't know what the term "cashed out" means, I missed that.

My point is it would be stupid to cash out at all and to just take what you need while still on the ride.

2 billions euros in a Philippine bank, makes total sense !

Hopefully everyone who uses one learnt their lesson from Wavecrest and does not run their life through one. I remember tales of people stuck in Cambodia with no other form of payment when those cards evaporated. Bit silly.

Wirex Europe uses a different company. Coinbase'll be fine too.

This could be big:
https://angel.co/today/stories/wirecard-ceo-resigns-after-banks-say-missing-2-billion-doesn-t-exist-24442

These guys were issuing quite a number of BTC friendly debit cards. Potentially a WaveCrest 2018 crisis returns?  

P.S. Here's a better link: https://www.cnbc.com/2020/06/19/wirecard-ceo-markus-braun-resigns-as-company-share-price-collapses.html

Yeah, also a feature I have missed (along with seeing if someone replied to/quoted your posts).

I'm too old to compete with you on insults level. However it's highly appreciated you introduced yourself in that manner.

Plenty of people have recovered after intubation (in my country at least) so saying that all almost died is already a problem (not saying it's not true, but something else must have happened).

Intubated people die in significant number in normal times, because intubated people are gravely ill (aside from routine surgeries of course).

It seems that with COVID, intubation might sometimes cause more harm than good, and positive pressure oxygen therapy should be favored if possible, at least at first.

Blood thinners might help with the blood oxygen issue.

If someone with COVID symptoms died intubated, then it is very likely that they were indeed COVID+.

Thank you, will try to set up this over the weekend. Little complex 

Huoshenshan, the temporary hospital built in Wuhan was another "Hotel California" you checked in but never out.
There where 3 stages, the first, the largest just waiting until things got worse, no medication,
once things bad enough move to the next room sedation/intubation no med and wait until its over. The back part of the “hospital” where the ovens.

A normal oxygen saturation level is above 96%, at 88% it becomes a medical emergency  and hospitals will shaft a tube down the throat

Since early April its known intubation kills the patient
NY ER doc  about COVID dis ease
https://vimeo.com/402537849

NYC ventilator is euthanasia claims nurse
https://archive.org/details/nurse_testifies_COVID_murder_in_hospitals

~90% of patients put on ventilator die not of any virus but the lungs clott more with the air pushed in
US: Hospitals Get Paid $13K to List Patients as COVID-19 and $39K to Put Them on a Ventilator
In some countries (Russia...) relatives receive money if they sign death cert for Covid and a no discloser agreement


COVID-19 is not a acute viral pneumonia impacting the respiratory system but rather an inflammation-based immunological response that leads to thrombosis (clotting in the lungs) which kills the patient. Inflammation and the ticking (clotting) of Blood prevents it from carrying oxygen and the patient eventually die of asphyxiation.
German autopsy report    https://www.acpjournals.org/doi/10.7326/M20-2003

Covid and pulmonary tuberculosis
https://coronacircus.com/2020/05/03/coronacircus-revisionism-chapter-three-pulmonary-tuberculosis/

Acidosis
https://youtu.be/YUku6l9OmHk

https://en.wikipedia.org/wiki/Acidosis

Actually, you have a good point there, picnic bear.

I was in a very similar situation, prior to bitcoin, so when I started investing in bitcoin in late 2013, I had considered bitcoin as a kind of supplement to my earlier 401k contributions and the various other investments that I then had, so largely I had considered myself to be on track in terms of the status of my various other investments and my ability to live within comfort with the anticipated income of my various other investments.

I understood bitcoin to be a bit risky, but also to have an upside potential, and I was largely just anticipating that on average bitcoin might go to zero or it might do stupendously, so, on average, if my bitcoin portion merely just performs on par with my various other investments, then I am o.k. either way. 

There is a certain reality that even though my bitcoin proportion was way less than all of the other investments, but at some point its value surpassed the value of all of my other investments combined, and that was not based on anything that I did beyond just taking what I had considered to be a meaningful and significant stake.

So, to me, the whole situation seems to be like doubling, tripling, quadrupling or more the prior anticipated budget.  For sure, I am still prepared that bitcoin could possibly go to zero, but of course, the cushion from the BTC profits has already increased my lifestyle and my standard of living beyond the levels that had been anticipated.

I am neither increasing my stake in bitcoin nor am I taking out considerable amounts of profits, but the ongoing allowance to let my bitcoin investment ride in more or less a seemingly reasonable appreciating state allows my current and my future anticipated standard of living to go up.

Many of us will likely have to learn some ways to spend our money, and I surely am not planning to feel guilty about a seemingly increasing likelihood that my future standard of living that is merely an extension of what has already been realized is likely going to be a whole hell of a lot greater than my earlier expectations... which were not bad (nor uncomfortable) in and of themselves.

By the way, I recall one of our fellow wall observers suggesting that his means were modest, and he could live off of $500k in appreciated bitcoin.  Of course, at today's prices, there would be a need for more than 50 BTC, but of course, if bitcoin gets even some modest price performance up from here, then 5BTC  to 10BTC might be sufficient to establish such $500k - even though, as discussed earlier, it still remains important to consider cushions and all of that, and hopefully before such person were to pull the fuck you lever, then a $500k valuation would be based on either a floor BTC price or at least the assets have been significantly diversified to feel comfort that a $500k valuation would be based on a floor price.  An irony is that person had recently sold all of his BTC and currently only has a modest BTC position, so it could take more time and efforts to reach the personal goals (even if such personal goals can of course be shifted too, based on changed circumstances and/or changed considerations).

2.3M at 800 would be 2875 bitcoins, not 20k.  So even after cashing out that sum, the dude still had 17000 bitcoins left.  Sheeet

You go ahead and live your own meager life. I don't need your judgmental ass to tell me how to live mine. Especially as you are telling me how wasteful my postulated $2.3M life is in the next breath after castigating some other schmuck for not waiting til $190M.

Back when I was a wage slave, $3M was my eventual target. I was on track. Then bitcoin happened.

Funny that the ECB doesn't offer the same deal to actual people.