I am having my feelings. that someone with ONLY 23 coins (and nothing else) would have some pretty good odds of being able to sustainably withdraw the value of right around $6,666 per month into perpetuity
The point is that "only 23 btc" is quite a lot of money today! 1.5 million dollars!!!
Anyway, that is amazing that just a few years ago it wasnt too much money,...
I agree.. but I am also valuing 23 bitcoin (or actually
22.5 BTC)...
[...]
Haiku constraints...
Better to error on the side of UP in terms of making sure that you (we) have enough cushion when we are talking about these kinds of sustainable withdrawal ideas...
so? What is 0.5 bitcoin between friends?
Sure probably not too long in the future, 0.5 BTC will end up being fuck you status.. maybe in 21 to 21.5 years.. 0.5 BTC will be fuck you status? that is in my current "rough" calculations... that is mid-to-late 2045.. and yeah, things could change in regards to these kinds of "rough" estimations.
From the looks of the volume this morning it appears that Saylor may have made his $700,000,000 buy about 45 minutes ago, sending the price about $400 higher before immediately dropping to new lows. Not a good sign at all if true. I was hoping wed see a $2K move upward with only a slight retrace. Seems the big boys on Wall Street are dead set on causing some pain and creating more sellers.
I think you have a tendency to read too much into largely noise in order to contribute to the hype-train.. .. but hey, whatever, to each their own.
This place is deserted which indicates a true bear market.
Wow. You continue to be obsessed with the idea of wishing bitcoin to be in a place that you wish for it to be. I doubt that odds are in your favor for your wish to come true, even though you surely have shown dedication to repeat your wish with so much frequency for around 6 months now. So I suppose you deserve some credit for such persistence.
@paashaas and @dragonvslinux are an entangled entity (in their opinions).
I try to be open minded as much as I can, but it often results in inaction as far as trading is concerned.
Would I buy some stocks if the stock market suddenly loses 50-60%..yes, i would, if it was just a stock market malaise and not something catastrophic.
How about bitcoin losing 50%? Not sure...maybe would wait for some sign of recovery first..did not buy or did not buy much in March of 2020 at 5-8K.
The logic then was: who knows how bad the situation would be?
For sure, each of us has our practices, and surely we have more liberty (and perhaps an already existing system in place) if we have been into buying bitcoin for 10 years or more as compared with someone who might be getting into bitcoin within the last 4 years.
Surely paashaas and dragonvslinux also have a certain longevity in bitcoin too in regards to having their own systems in place - yet for sure, each of them seem to have certain expectations that bitcoin prices will be getting below certain expected prices, and the lowest that we got, so far, at least in the last 4-ish months has been around $56.5k.. and each of them seem to have decently high expectations that $56.5k is not the bottom for this particular local cycle.. and there surely is nothing wrong with members like them who are seeming relatively more experienced in their holding some of their reserves for such potential corrections as opposed to some newer bitcoin entrants who may well be better served by some kind of ongoing, persistent and consistent accumulating.. especially along with my assumption that an overwhelmingly large number of folks (perhaps even 99-ish% of the world's population) are currently no coiners or low coiners.
So yeah.. more luxury for wait for dips that might not happen if you already have a decent amount of coin.. and I am not going to necessarily presume that paashaas and dragonvslinux have enough coin, even though I presume (based on either their own conduct or statements) that neither of them are no coiners.
I will ladder down a long long long ways. I think this is just summer time blues not an issue at all.
you going to ladder down all the way to buy back those coins you sold around $20k?
#asking4-a-friend
I have no issue with my sale at 22k. I have over 50k in tax credits from that sale..
I also purchased back those coins for 16-23k dca.
So if I were to sell 1btc now at 62k I would use the tax credits and owe no cap gains on the 40k profits.
