Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7931. (Read 26610465 times)

@JJG: I just love it when you include numbers in your posts. Thanks!

I am saying that $1million worth of bitcoin can be presumed to generate $3,333 in passive income as an ongoing and persistent withdrawal rate that is NOT going to deplete the principle.

Of course, your valuation of your BTC should be at the bottom of the price swing and not at the top in order to be prudent and practical, but I have no reason to doubt that bitcoin is NOT going to be able to generate, on average, a 4% per year amount. 

So currently, I am thinking that we could presume the BTC price bottom to be somewhere between $3k and $5k (let's just say $4k for ease of calculation).. but in 3-5 years, hopefully a reasonable BTC bottom would be decently well above $30k.

So, today, in order to have a $1million dollar value in your bitcoin stash, then yeah, you would need to have 250BTC ($1million/$4k).  So, maybe I was being a bit overly optimistic with asserting that 10BTC would be sufficient, because presuming a bottom of $100k seems a bit premature.  So if we project a possible bottom of $30k in 3-5 years, then that would be 33.33BTC... but maybe in 8-10 years, we could presume well over a $100k bottom?

I don't see any real logical reason to assert that any of us would be reasonable with just hanging onto our BTC when they will be able to generate a sufficient passive income for us.  And, currently $3,333 seems to be enough for you, and if $2k is really enough for you, then you won't need as many BTC.  If you have $600k worth of value, then you can generate $2k per month from that.  That is $600k * 4% = $24k/12= $2k., 

At current projected bottom BTC prices of $4k, $600k would be 150BTC.  In 3-5 years when our bottom is $30k, then that would be 20BTC, and in 8-10 years, when our bottom is above $100k, then that would be a mere 6BTC.

4% should be a sustainable withdrawal rate without depleting principle.

These models are fantastic, the designer has her own style, this is good.

Congrats.

You will soon be relegated to the quality department.

No, I mean $2k a month, tax free, for my daily expenses... but I get to keep my current assets which also includes my BTC. I just say I would stop working for a salary if I had $2k/month guaranteed in addition to my current net worth.

Anyway, that's not going to happen. I guess I was just commenting on the absurdity of free money.

https://twitter.com/100trillionUSD/status/1243133939616829441

All right.

CVN-71 diverts to Gaum with an outbreak onboard

Does that mean that your BTC accumulation goal is less than $1million?

Remember $1million in BTC can generate about $3,333 per month in passive income, which surely you should be able to figure out how to get $2k out of that, even after taxes.. hahahahaha

Remember in a lot of my posts, I was assuming $2million in BTC, just to have a cushion, so maybe that is kind of an American centric viewpoint, but even in america, there is going to be a decent amount of regional variation so $6,667 per month of passive income will NOT cut it in all locations, unless you are more scrutinizing with your budget.

Anyhow, gosh, less than $1million as a BTC goal could be quite reachable in the coming year to 4 years, and with merely 10 BTC or so..  Of course, we have to be thinking about the BTC dips, not just the peaks, too, because who the fuck should be striving to take all of their money out of BTC and then get stuck with all of your assets in dollars and then your nestegg maybe end up getting deflated to peanuts.

coronavirus parody humor
https://m.youtube.com/watch?fbclid=IwAR3xr923GjRdB3ZhJp2bkUpUQrlKWm53tWt80tytk84P0MZzB3d-eQ8-vbE&v=Hks6Nq7g6P4

I don't know if I should believe you, or not.  Of course, I believe you in the sense that I believe that you are actually doing it, and that you are making profits, but in terms of the level of your efficiency.. i have my skepticism.

Sure, you might be a robot in terms of your resetting of your orders, and maybe you have various parameters that either you do not need to tweak or that such tweaking is also somewhat systematic (thus requiring little to no thought).



#me too



hahahahaha

touché

Have to give you a bit of credit for slipping that lil dig in there.



gotta "ditto head" you on that one.



Hey.. I am quite glad that you are teaching your system to others in RL.  I have tried some teaching in RL, but it is quite difficult to keep compliance, and I surely am not any kind of authoritarian in real life, so I will explain matters to someone who seems willing to learn, but so many times, I have seen the someones to be way smarter than me, and they want to employ their own "smarter than JJG variation" which frequently ends up in variations of a mindrust situation at one point or another... .and I try to say "I told you so... I told you so." in a way that gets them to learn for themselves but to implement ideas that improve on mine rather than making dumbass mistakes that devolve into too much gambling which I try to warn against on an ongoing basis. 

Even though I might seem somewhat disgruntled about dealing with peeps in RL tending to NOT follow my system even when I engage in what seems to be a decent amount of hand-holding from my perspective, I still don't mind showing RL peeps from time to time, when the topic comes up and when I already anticipate that they are going to deviate in kinds of expected overly gambling-like ways.

Coronavirus Cases: 535,588. Deaths: 24,103. Recovered: 127,217.  Affecting 199 countries and territories.

- U.S. overtakes China as the country with the highest number of confirmed cases. Next big wave of infections appeared headed for Louisiana.

- China will ban the entry of foreigners due to the international spread of coronavirus.

- China just sent 150,000 test kits to Prague and 80% of them didn't work.

- New York City hospitals report apocalyptic surge in cases.

- US weekly jobless claims soar to a record-breaking 3.28 million. Dow Jones up with 6%.

- Indonesia is urgently building new hospitals with the country's public health system at risk of being overwhelmed.

- Putin shuts down Moscow.

- Russia to ban flights into and out of the country.

- UAE orders overnight curfew.

- Lebanon extends lockdown by two weeks.

- U.S. egg prices hit record levels.

- Jerusalem's Church of the Holy Sepulchre, a site revered by Christians around the world, has been closed.

- Panic buying in Tokyo.

- Tens of millions face losing jobs in escalating coronavirus crisis.

- G20 leaders to inject $5 trillion into global economy.

- Food supply chains have been disrupted by the pandemic and empty supermarket shelves have become a symbol of the crisis.

- Shanghai orders all incoming travellers to undergo 14-day quarantine.

- Australia will quarantine all new arrivals for two weeks. Considers putting economy into 'hibernation'.

- Argentina declares six-month rent freeze.

- International shortage of protective equipment.

- Japan PM says lockdown of Tokyo would have severe impact on economy.

Starting to get deeply worried about the U.S, the entire East side is doomed. That epicentre in new York.
           

Your guess is likely as good (if not better) than anyone else's, including yours truly...


hahahahahaha

Not that you are asking me.


Not that I am going to refrain from giving an opinion because of your failure/refusal to direct your question at me....


In a few recent posts, I had already mentioned the action that I had taken earlier this week to deal with my perception of the current BTC price dynamics situation by tweaking my existing buy and sell orders a bit.

Largely what I did was shave off some of my already existing buy orders in order to spread out the dollars more which caused an ability to add more buy orders down at a lower price.  Hopefully, we do not go down there.

Also I increased my already existing sell orders by a small amount between $6,900-ish and $7,900-ish.

If I get any new (and unexpected) cash come in then I would just add it to my various already existing buy orders, and of course, if I feel that my buy orders are stacking up too much with excessive cash, then the buy orders that are closest to the existing price will either be increased or maybe add some new ones at higher prices, which could escalate into a market buy order (but surely, for me, not too likely any compelling need for any market buy order in these kinds of uncertain times).

By the way, my tweakenings have made me feel sssssooooooo much MOAR better, for my insurance for the downside - hoping that i do not need it (and hoping that BTC prices do not go below $5k ever, ever again (sorry for your loss mindrust)), and my BIGGEST risk on the upside would be if the BTC price shot straight up to $20k without any kind of meaningful retracement.. If such an unlikely shooting straight up scenario were to occur, the most I would be out would have been an additional 1% lower BTC stash than what I would have had before I had made the tweakenings - seems to me to be a very small price to pay for a BIG ASS peace of mind.

https://twitter.com/bitstein/status/1243154672103219200

Thanks for the merits bob, getting closer to Hero!

 Don't worry, she knows better than to saturate the market.  We've been discussion the excessive printing of money these last few days... she gets it.

Difficult to take you, your daughter or anyone here seriously with the proliferation of that kind of art.

 

It makes sense. How were they expecting a bailout from US if they pay their taxes in other places? THAT would make no sense. In fact I don't even think the cruise lines were expecting anything... It's probably just a Trump argument to "show" how "tough" he is... Maybe next he will say there will be no airdrop for other countries citizens.

Well, it does look like political pull *does* have a limit:

Cruise lines get nothing from the US bailout.

Good. The Fuckers can see if they can get a bailout from Liberia.