I wonder if the current regulators are jealous...  |
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a little bit crazy...  |
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There is NO consensus that 1mil gives you 3.3 thou a month of passive income.
Where are you getting these numbers?
https://www.schwab.com/resource-center/insights/content/beyond-4-rule-how-much-can-you-safely-spend-retirementOne frequently used rule of thumb for retirement spending is known as the 4% rule. It’s relatively simple: You add up all of your investments, and withdraw 4% of that total during your first year of retirement. In subsequent years, you adjust the dollar amount you withdraw to account for inflation. By following this formula, you should have a very high probability of not outliving your money during a 30-year retirement according to the rule.
For example, let’s say your portfolio at retirement totals $1 million. You would withdraw $40,000 in your first year of retirement. If the cost of living rises 2% that year, you would give yourself a 2% raise the following year, withdrawing $40,800, and so on for the next 30 years.
The 4% rule assumes you withdraw the same amount from your portfolio every year, adjusted for inflation |
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If you think their actions suck it's the politicians you should bitch at, not the ones that, risking their lives, obey their orders.
People who sign up now can't pretend they didn't know how shitty politicians are. They sign up now knowing the recent history of the Iraq war and Afghanistan war etc... Currently U.S. troops occupy about a third of Syria. Is it even remotely legal? Can U.S. troops on the ground in Syria really say 'it's just politicians, we had no idea we might end up in Syria!' Come on, you guys knew the recent history, yet you still decided to sign up, willingly. |
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Looks like the terrible confirmed news (for bitcoin) out of Turkey plus the failing COIN listing have finally popped the last bubble and caused the bitcoin market to begin catastrophically crashing. Sad days ahead for bitcoin fans.  proudhon was right...  |
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Just some fun with charts   |
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Problem is, I have no place to store it right now  Don't want to get rid of our Porsches. Fuck.  |
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Hello 61k  |
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I'm in the same situation, my house is full of stuff, need somewhere to store it.
Just buy a second house. |
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Similar to the recent subject about when should we start to measure BTC's price because of course, one of the very first transactions to buy two pizzas for 10k bitcoin might not be as representative as prices a few months down the road when larger numbers of trades are allowed and even locations for conducting such trades become more common.. so in that regard, there is a kind of product of the number of transactions and maybe the passage of time, and I do have some troubles gravitating on any price analysis that uses 2010 data because it seems so sporadic.. but it seems by the time that we are getting to 2011, even if the BTC price discovery is relatively immature, it seems fair enough to start to use that data rather than waiting for 2013 or some further down the road date - at least in my thinking.
I'd agree. I think that, barring contrary evidence, that is perfectly fine to consider as the seminal event in the price discovery for Bitcoin. I've always been wary of wanting to throw out data because it doesn't fit a narrative. As Wayne Gretzky said, “I skate to where the puck is going, not where it has been.” When trying to predict "where the puck is going?", it's important to consider its current position and its position 1 second before. Because you can extrapolate from that data. Knowing the puck position from 5 minutes ago, or even from the start of the game would not be very useful... |
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How are the lower and the upper lines chosen? You just pick a price starting point from January 2013?
Starting points do not matter, since the idea is to illustrate a slope, and compare it to the BLACK SLOPE of 200WMA. I just think the slopes are approximately similar. I am wondering if a large number of these folks really mean 100% per year, even though they are saying 200% per year...
No, it started with some recent article, that compared recent prices with the prices 10 years ago, and claimed that it triples every year. Everyone started repeating it, even Saylor who is smart enough to know better. So they're basing this conclusion on going way too much into the past, into unreliable territory of tiny volumes/prices. Are you annoyed by their seeming to get the numbers wrong? or are you annoyed because they are stealing your idea without giving proper credit?
The first. I just think it's important to establish a rough estimate of a multi-year trend for such volatile asset. Since it's based on 4-year halving cycle, I think considering the last 8 years is fine, like on that PlanB's chart. His black 200WMA line is also fine, since it roughly keeps the slope year-after-year. It's almost linear. |
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Actually, yes, it does (to a degree).
That wasn't really a trading. Just random numbers with tiny volume. Completely irrelevant. What happened under $50 can and should be ignored. |
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from $20 (two pizzas) for 10000 btc
No no no. Going that much back makes no sense. It was completely unreliable territory price-wise. |
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I added "2x per year" trend lines to his chart...  It looks like his 200-weeks graph follows that "100% a year" trend quite nicely. It's just too many people started talking about "200% a year" lately, even Saylor, which is annoying. |
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Simple electronic bank payment would solve their money transfer ‘problem’. It’s legally recognised and well regulated.
Assuming that ‘problem’ even exists, which I doubt, because there would be a thousand startups in that space by now.
Sure, just like with air travel, paper tickets became obsolete years and years ago. Not every problem needs decentralization. P.S. And yes, we saw thousands of PayPal-like startups back then... |
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NFT using 'blockchain' and 'crypto tokens' is a big red flag for me...
Simple electronic signature would solve their authentication 'problem'. It's legally recognised and well regulated.
Assuming that 'problem' even exists, which I doubt, because there would be thousand startups in that space by now.
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Been thinking about selling the equation in my avatar ... how do I collect royalties if someone invents something incredibly lucrative using it?
You'd need to fix the last bracket, otherwise no respected equation connoisseur will buy it. |
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