Such denial of the 1W MACD
You might wanna check the 1W MACD denial early october of 2013 It might shake some sense in you kid Chill your beans no need to get so angry you have no idea what my position is and I was making an observation. Relax. Yeah... but what does the 1w MACD say exactly? What does it mean to you? I am NO expert when it comes to reading these charts; however, I noticed that it just turned red b/c of the downward spiral of BTC prices that were taking place, today, but the 1w macD had just turned green for its new weekly bar (so the new weekly bar is only about 1 day old). Likely the 1w macd is going to turn green again before the end of the week.. however, even if the 1week MACD does NOT turn green this week or next week, it is on the cusp of turning green within the coming few weeks.. and what that means to me, is that we will soon be entering into a bull BTC market.. Currently the BTC market is transitioning from bear to bull... but soonish, the BTC market is gonna be full bull all the way... and that means.. hang on baby!!!!! get your cheap coins while you still can... 3-4 weeks max... maybe less. I think you should trade with a different strategy other than following a single indicator and using your expectations about what that one indicator is going to do in the future. You are doing meta-TA: TA-about what TA is going to occur in the future. Regular TA is already unreliable enough on its own and now you compound it. I am working my beliefs about the direction of BTC from what I believe to be the overall long-term trends in BTC prices and BTC news/developments and what i believe is increased overall adoption of BTC by the populous... I doubt that I am really relying upon the 1 week MacD... even though I am spouting off about it. I do NOT claim to understand the nitty gritty of TA - especially any short-term prediction, and I take with a grain of salt any short-term predictions that I read b/c so far, I have tended to be long term buy and hodl kind of BTC investor. |
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Smell that $666? Mmmm mjes I can. Lets go bishes.
slow down there pard'ner we need to eat the wall at 586 first, then digest for a while before tackling satan again. Seems likely that BTC prices will float in the $570 to $610 arena for a few days... and maybe consolidate for a while.. before deciding what to do.. which seems more likely to be up, rather than down, but what do I know? |
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If we rebound now it's like SR all over again.
you know what? when SR first got busted I thought that if they actually ever went through on the auction it would be bullish. I thought that it would give bitcoin an air of legitimacy in the public eye that their gov't is earning 15 million dollars from selling bitcoin. This auction should get a TON of news, and it shows the impression that the US gov't is totally fine and comfortable with buying and selling bitcoin. It would be so cool if this is just a SR type dip. These are the silk road coins after all.  By selling the bitcoins, the government is setting and or affirming the legality of bitcoin. That was accomplished in about February when the Feds announced that they were going to sell them... only the specifics concerning the date came out today.. so you are referring to old news regarding the legitimizing of bitcoin by agreeing to put them back on the market. |
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Pretty stoked for this. Sold 9 coins at 660 thinking I might be able to increase my BTC holdings at 570, and its working out nicely.
I thought that you would have learned your lesson from your last attempt at trading, when you sold at $400 and bought back at $500? Maybe you cannot protect yourself from yourself? hehehehe...  Remember that both pigs and sheep get slaughtered.. but for different reasons. Hopefully you either bought back or you are buying back soon... |
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omg last 10 minutes have been so booooring!!
lol wtf we need some action no? microwave and fast food culture.. with short attention span... seems like we already had quite a bit of "action" today? somehow we need more action? maybe I repeat adam...? WTF? |
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Such denial of the 1W MACD
You might wanna check the 1W MACD denial early october of 2013 It might shake some sense in you kid Chill your beans no need to get so angry you have no idea what my position is and I was making an observation. Relax. Yeah... but what does the 1w MACD say exactly? What does it mean to you? I am NO expert when it comes to reading these charts; however, I noticed that it just turned red b/c of the downward spiral of BTC prices that were taking place, today, but the 1w macD had just turned green for its new weekly bar (so the new weekly bar is only about 1 day old). Likely the 1w macd is going to turn green again before the end of the week.. however, even if the 1week MACD does NOT turn green this week or next week, it is on the cusp of turning green within the coming few weeks.. and what that means to me, is that we will soon be entering into a bull BTC market.. Currently the BTC market is transitioning from bear to bull... but soonish, the BTC market is gonna be full bull all the way... and that means.. hang on baby!!!!! get your cheap coins while you still can... 3-4 weeks max... maybe less. |
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Here we go again, that was a big bull trap, 60 usd of dumping and instant 30 up.
 YEP>>>>> getting bear traps and bull traps mixed up. |
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fuck i gata buy!
brb
How many coins you got, Adam? I would've thunk that you had thousands of coins, already. and you would have largely bought back in in the lower $400s, if NOT lower. |
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555 is the new 666
Yeah... some random number that peeps attempt to give more significance than it deserves... such religiousity!!! |
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I'm waiting 540 to buy back.
Haha. Told you. You said this when price was 570(may 29th), are you fucking retarded or something? lol  Some posters go through extensive leaps of logic to attempt to proclaim that they were right with some kind of random prediction... Maybe there is some innate need for people to feel like they were right? On the other hand, maybe Pandacoin is retarded? lol....   |
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2014 will be a brutal year for the price.
When these coins get sold, many of the people who buy them will sell as many as they need to get their initial $USD investment back.
During the next rally probably..
There will be a surplus supply and shortage in demand.
So much speculation.. in the above post.... it's like a house of cards, remove one and poof.. the house is gone. |
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JayJuanGee: Keep cool, you are doing well.
Sometimes my posts do get a little long... and hopefully I can keep them shorter.... Do what I do. Every time you make a long post, check it. If you can read it back and still think you weren't just blathering, then it should go up on a blog! You are quite funny. I did NOT make any suggestion that i was blathering... that is your additional idea...... And, i was NOT asking for any suggestions about how to shorten posts b/c if I wanted, I could make shorter posts. Nonetheless, I do concede that some of the ideas that I share in some of my posts may have been made shorter or that the length of such posts may be more than the tolerance of others. If I were writing a book or a published article, then I may employ different considerations... sometimes I read back through my posts, and other times I do NOT.. depends upon how I feel and how complicated that I consider the ideas of the post to be. |
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JayJuanGee: Keep cool, you are doing well.
Sometimes my posts do get a little long... and hopefully I can keep them shorter.... I just suspected that the long articles was because you are still underwater and leveraged... O.k... You seem to be saying that your post was an attempt to be patronizing, by suggesting that I am allowing the emotion of my own position to influence my framing of issues. Accordingly, it seems that you have NOT read much, if any of my posts. Possibly you were skimming.. .and figured that you could contribute in your post by getting a quick assessment of the situation? I have been pretty clear about describing my personal position and my investment strategy(ies) in this and other threads... including that my average cost per BTC is about $614.. and I am continuing to add to my position. My portfolio was in the red for quite a while from most of February through most of May, but so fucking what? My portfolio was also in the black from May 30 until today, but so fucking what? I do NOT post here in order to attempt to influence the direction of the BTC market - at least NOT in any short-term way... On the other hand, I am fairly optimistic about the long-term prospects of BTC, and I have NOT been too worried about my investment strategy for the long term and given the fundamentals of BTC and the whole hell-a-va lot of infrastructure developments. I remain optimistic that I am going to be personally coming out ahead on my investments b/c I tend NOT to trade, and I bring down my average price per BTC when the prices get lower. Accordingly, even if my personal portfolio stays in the red for 6 months more months, that would NOT cause me from believing that the price is likely going to appreciate considerably - and my own expectations are fairly conservative (within the 6% per year range)... but I need NOT go into further details about those kinds of considerations with you, b/c you probably do NOT read details of any post (or understand them) before you reach or at least you propagate what you proclaim to be your various conclusions / assumptions about the motivations of other posters. |
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JayJuanGee: Keep cool, you are doing well.
Sometimes my posts do get a little long... and hopefully I can keep them shorter.... |
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Question....how much one would need to have (in BTC) now, to be considered wealthy men in future....2-3 years from now? Would 1 BTC be enough for reasonable comfy life? Or maybe 10? Or less? ...I only began investing in BTC in November 2013, at the high of the last price bubble, about $1,200 through Localbitcoins.com. Since I recognized the existence of a recent exorbitant increase in BTC prices, I began my BTC investment with a fairly conservative dollar cost averaging strategy, and with some frontloading, and I calculated that I would make my initial investment(s) over 6 months, rather than front-loading all of my investment at that then current price point. Accordingly, my first BTC was $1,200 through localbitcoins.com; however, currently my average per BTC is about $614, including transaction fees. I expect the percentage of my investment into bitcoin to continue to fluctuate based on my monitoring and reassessing the whole investment landscape and how I feel that bitcoin and my involvement fits into that. .. though at the moment, I am thinking that I want to be diversified somewhat out of the dollar (and dollar related products), and achieving a portfolio that is 50% out of the dollar may be an o.k. level of diversification for me and my feelings. FWIW these comments are largely in line with my own situation & experience as well... but a bit different too, LOL. I too only finally sat up and paid attention to bitcoin (after having heard about it, vaguely, more than a year earlier) starting around last October. I remember reading it was currently worth $400 and thinking, "I bet it'll go to $500 pretty soon" being as how that's a sort of psychological price point. So, I tried to sign up on MtGox to buy some bitcoin, but their stupid registration approval process was running so slow, I never got a chance to do anything, all the way thru the big run-up in December. Just sat there watching it and thinking I missed out. In hindsight however, thank GOD that I did not put my money into GOX, LOL... Anyway, after doing more research I finally found COINBASE and started buying around end of December, early January. My average price has also gone from $700-ish to like $550-ish at the moment. My goal is also to get 50 BTC piled up ASAP, and after some mis-steps I'm currently in the 20-ish ballpark. I was as high as 40 at one point but didn't manage to stay there, unfortunately... (long story.) Anyway, my question for you guys is, at the moment I believe I could get to "40" again, immediately, but ONLY if I totally liquidate every other asset that I currently hold... mainly some gold & silver but also "cash on hand" for "emergency" etc that's usually left sitting totally unproductive in the stupid bank, just left there for convenience, and maybe selling off some unused computer gear. Basically, and contrary to being 'diversified' as is usually good solid advice, I could get to 40 again TODAY (i.e. nearly my goal of 50, then maybe accumulate the last 10 by trading a bit over the next year or two) by basically "GOING ALL-IN" right now with BITCOIN, almost totally exclusively. The reason I believe I need 50 is because, to be minimally financially secure in my current lifestyle I believe my wife and I (no kids) will need a retirement portfolio asset base of about $500,000 net worth equivalent. A half-million dollars net worth equivalent, would be my basic "relax and sleep soundly at night" number, in other words. I believe bitcoin COULD do this for me IF ONLY there is at least JUST ONE MORE cycle of the 10X yearly wave, that's repeated 6 times already so far over the last 6 years since bitcoin was invented. Moreover, I am not aware of any other asset or business opportunity, available right now, that even MIGHT be able to achieve this. And even if BTC never achieves the last two projected 10X wave/cycles to $100K or $1M million... if it only gets to $10K, but I own 50 of 'em? Well, there we are. $500K. Done and done. Then if Risto and SlipperySlope, etc are RIGHT, and it keeps going, from there? To maybe $50,000,000? Well All Right Then! No Problemo! In that case, I got my eye on a nice private island near Vanuatu which I imagine would be very pleasant for retirement But still, going ALL-IN is pretty scary, and risky too... kinda. But y'know kinda it's NOT EITHER, since bitcoin just FEELS to ME like I remember things "felt" when I first saw Microsoft Windows running on a DOS computer, then again when I first used e-mail, then when the first Mosaic web browser appeared for accessing the "WWW" Internet. I really just have a gut instinct, feeling, perception, that bitcoin's gonna be the same phenomenon. SO... Aaaaaaa.... what to do, what to do? Go "ALL IN" or NOT? How much is enough??? "Aaaaaaaa" LOL Anyone else decided this for themselves, either PRO or CON???  I believe your questions about how much and how fast to invest into BTC are ones that many BTC investors wrestle with, and each of us have to resolve these boundaries for ourselves within our risk tolerances. Personally, I do NOT invest more than I believe I could lose; however and nonetheless, I would suffer incredible psychological set backs if bitcoin were to go to zero... or some pricepoint that approximate neighborhood. I have a fairly thorough system in place (using spreadsheets) to monitor my projected cash flow over the coming 12 to 18 months, and frequently I am adding to its timeline in order to maintain my cashflow projection. Accordingly, I never invest more than I am able to project my cash flow for the whole time period, and so far none of that time period to late 2015 am I relying upon cash proceeds from bitcoin - however, if the price appreciates considerably (and beyond my expectations, such as into the $2500+ range), I am going to be cashing out parts of my BTC portfolio. Also, I may begin to cash out and reinvest if prices are in the $800 to $2,500 range. Anyhow, I project my cashflow ahead in such a way that I remain fairly positive that all of my bases are covered. If you are projecting to achieve a $500K equivalent in value in your bitcoin holdings (and/or other liquid assets), by when do you want to achieve this? And, once you achieve this $500k you would need to ensure that the amount is stable, in order that you can live off the income that it generates, no? Or, if you plan to eat into the $500k principle, then how many years would you need the total to last? Personally, I believe that a lot of investors in bitcoin expect bitcoin to be a great holder of value, so long as it achieves mass adoption, and maybe in that regard, and even if bitcoin gains 50% value each year, then you would NOT need to worry about eating away at the principle, so long as the asset (bitcoin) is sufficiently increasing in value.... and 50% is a very decent appreciation.. .yet we have to continue to monitor bitcoin to find out if it is going to continue to appreciate in very high amounts. I believe it is pie in the sky to expect 5x to 10X returns per year in the coming years; however, it is NOT beyond the realm of possibilities... So I would NOT be totally shocked if it did return somewhere between 5x and 10x in the coming years - nonetheless, I personally am NOT going to bet the farm on it, b/c that is NOT my investment style or risk tolerance. |
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@JayJuanGee
I did not expect explanation like that after first one i got. Thanks.
Thank you for your earlier post, b/c it served as a spring board for discussing expectations regarding how much BTC is enough and then potentially how to get there (by investing all your resources and waiting or investing gradually and methodically and continuously reassessing the situation). I am more of the second approach, and I am sure that there are others who may perceive of their investment strategy differently from me or might employ some other strategy. |
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Bitcoin gone mainstream , relax and enjoy the ride
i would say, enjoy the price dropping plus money losing and maybe a full market crushing to $5xx and $4xx very soon! thanks for the mtgox 800k + 200k lost coins and the China ban, there will be no more $1000 crazy buy, face the reality, $6xx is already the top bubble, time to calm downI like that expression, but it needs some emphasis!!!! Time to calm the FUCK down!!!!!!!! Is it working? Are you guys calm yet? |
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Question....how much one would need to have (in BTC) now, to be considered wealthy men in future....2-3 years from now? Would 1 BTC be enough for reasonable comfy life? Or maybe 10? Or less?
Answer.... Depends how high Bitcoin goes obviously...which is speculation. The answer about quantity of BTC also depends upon IJudoTina's financial/lifestyle expectations..... Personally, I believe one should NOT just accumulate 10 BTC, for example, and then just sit and wait. I think that a person should continue to grow his/her BTC holdings with available fiat and to the extent s/he feels comfortable continuing to invest into BTC with a dollar cost average methodology.... a little bit every paycheck. Frequently, I think of these kinds of quantity of investment matters in terms of passive income that will be generated by the investment, and how much cash does the investor believe s/he needs to generate a sufficient passive income to live comfortably within his/her means... that may be $1,000 for some people and $20,000 for others. Personally, at the moment, I am o.k. mostly in the $3 to $5k per month range... especially if that income is largely passive... However, I could live on less, if needed, yet I would NOT be too comfortable under $3k per month. Also, I could live on more, and in that regard, I would NOT complain if my passive income were to add up to more than $5K per month - especially, if the income is passive.... For example, if a person has a preference to take 2 or more traveling vacations per year, then how luxurious the vacation or trip could be affected by whether there is sufficient passive income to support such. Also, I like to consider my passive income to be truly passive, and NOT eating into the principle. I consider the principle to be available to me only for emergency purposes... or in cases that the principle has appreciated in value much greater and beyond expectations... .... An example of an Emergency purpose would be life comforts at the end of life ... he he he.. One inevitable thing about living is death, yet death would likely be more expensive if it were to arrive slowly rather than quickly. Accordingly, I would prefer to have sufficient resources to assist to alleviate my own suffering, if I were to suffer some bad luck that would contribute to my experiencing a slow death. Regarding an asset appreciating much beyond expectations: Surely, we need to plan ahead to project how much we believe an asset will appreciate (or depreciate). If an asset appreciates in value much beyond our expectations, then that would also be a reason to dip into the principle b/c such a large amount of principle, in those circumstances, would be deemed no longer necessary to generate an adequate amount of passive income...... in other words the principle is generating an income way beyond needs. BTC as an investment and a passive income generator is likely to fall into this category of appreciating beyond expectations (unless you set your expectations too high). For example, one could project a 1% per month appreciation, and then BTC appreciates 20% per month (beyond expectations). On the other hand, one could project to create expectations that are too high by projecting 20% per month appreciation, and then BTC only returns 1% per month. I am much more comfortable to set my expectations low and then to receive a bonus reward or return, rather than setting my expectations too high, and then getting clobbered. Excellent strategy. Are there any BTC investments that you recommend? As I accumulate I am always looking for relatively safe ways to grow my holdings. My only investments into BTC have been directly into the currency. Surely, there may be ways to multiply your possibilities for growth (and risk) by involving yourself in BTC infrastructure investments. So far, I am NOT looking at or thinking about any of those kinds of BTC infrastructure investments. I only began investing in BTC in November 2013, at the high of the last price bubble, about $1,200 through Localbitcoins.com. Since I recognized the existence of a recent exorbitant increase in BTC prices, I began my BTC investment with a fairly conservative dollar cost averaging strategy, and with some frontloading, and I calculated that I would make my initial investment(s) over 6 months, rather than front-loading all of my investment at that then current price point. Accordingly, my first BTC was $1,200 through localbitcoins.com; however, currently my average per BTC is about $614, including transaction fees. Surely, my average investment price per BTC could have been lower than $614 (and at one point, in late May 2014 my average price per BTC was $595), but it could have been higher, as well, but I have been doing my best under the circumstances (especially b/c some of my fiat for the investment in BTC became available ONLY recently). Also over the last several months, some of the timing of my BTC purchases had coincided with my receipt of fiat, the availability of fiat, or my allocation of fiat that I could spend for that time period. Hopefully, my response addresses your question. It did. I appreciate you taking time to respond. I am sort of a scrounger with bit coin so my dollar costs are quite low for sure. I hit the faucets hard at first then found a set of old asic rev2 blades at a garage sale for less than 50 bucks. My purchases have usually been to replace bit coin I have spent to support merchants but once my mortgage closes next month I will be buying a regular amount each month. I keep hoping that the price doesn't go up too much before then. It took real will power to leave my savings alone when the price got so low in April. Ron: We may be considering some of this similarly, yet of course the life circumstances of people differ, and even sometimes our ability to have enough time to research and to feel comfortable with our investment choice(s) differ. I claim to attempt to keep my investments somewhat diversified to my needs, preferences and risk tolerances. These factors evolve somewhat slowly over time, yet at any snapshot in time, I would assert that diversification has been one of my goals. My initial involvement into BTC investing trickled, and some of that had to do with my scepticisms concerning the direction of the price at the time that I started; however, in the last seven months the amount of my investment and stake into bitcoin has increased from a fraction of 1% of my total invested quasi-liquid assets to nearly 7% of my total quasi-liquid assets. In the past few months, 100% of my newly available and disposable investment money has been going into bitcoin. By the end of the year, I expect that bitcoin will become about 10-15% of my total quasi-liquid investments. And, if bitcoin appreciates considerably, I will consider allowing bitcoin to become well more than 50% of my total quasi-liquid investments. I expect the percentage of my investment into bitcoin to continue to fluctuate based on my monitoring and reassessing the whole investment landscape and how I feel that bitcoin and my involvement fits into that. .. though at the moment, I am thinking that I want to be diversified somewhat out of the dollar (and dollar related products), and achieving a portfolio that is 50% out of the dollar may be an o.k. level of diversification for me and my feelings. |
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Question....how much one would need to have (in BTC) now, to be considered wealthy men in future....2-3 years from now? Would 1 BTC be enough for reasonable comfy life? Or maybe 10? Or less?
Answer.... Depends how high Bitcoin goes obviously...which is speculation. The answer about quantity of BTC also depends upon IJudoTina's financial/lifestyle expectations..... Personally, I believe one should NOT just accumulate 10 BTC, for example, and then just sit and wait. I think that a person should continue to grow his/her BTC holdings with available fiat and to the extent s/he feels comfortable continuing to invest into BTC with a dollar cost average methodology.... a little bit every paycheck. Frequently, I think of these kinds of quantity of investment matters in terms of passive income that will be generated by the investment, and how much cash does the investor believe s/he needs to generate a sufficient passive income to live comfortably within his/her means... that may be $1,000 for some people and $20,000 for others. Personally, at the moment, I am o.k. mostly in the $3 to $5k per month range... especially if that income is largely passive... However, I could live on less, if needed, yet I would NOT be too comfortable under $3k per month. Also, I could live on more, and in that regard, I would NOT complain if my passive income were to add up to more than $5K per month - especially, if the income is passive.... For example, if a person has a preference to take 2 or more traveling vacations per year, then how luxurious the vacation or trip could be affected by whether there is sufficient passive income to support such. Also, I like to consider my passive income to be truly passive, and NOT eating into the principle. I consider the principle to be available to me only for emergency purposes... or in cases that the principle has appreciated in value much greater and beyond expectations... .... An example of an Emergency purpose would be life comforts at the end of life ... he he he.. One inevitable thing about living is death, yet death would likely be more expensive if it were to arrive slowly rather than quickly. Accordingly, I would prefer to have sufficient resources to assist to alleviate my own suffering, if I were to suffer some bad luck that would contribute to my experiencing a slow death. Regarding an asset appreciating much beyond expectations: Surely, we need to plan ahead to project how much we believe an asset will appreciate (or depreciate). If an asset appreciates in value much beyond our expectations, then that would also be a reason to dip into the principle b/c such a large amount of principle, in those circumstances, would be deemed no longer necessary to generate an adequate amount of passive income...... in other words the principle is generating an income way beyond needs. BTC as an investment and a passive income generator is likely to fall into this category of appreciating beyond expectations (unless you set your expectations too high). For example, one could project a 1% per month appreciation, and then BTC appreciates 20% per month (beyond expectations). On the other hand, one could project to create expectations that are too high by projecting 20% per month appreciation, and then BTC only returns 1% per month. I am much more comfortable to set my expectations low and then to receive a bonus reward or return, rather than setting my expectations too high, and then getting clobbered. Excellent strategy. Are there any BTC investments that you recommend? As I accumulate I am always looking for relatively safe ways to grow my holdings. My only investments into BTC have been directly into the currency. Surely, there may be ways to multiply your possibilities for growth (and risk) by involving yourself in BTC infrastructure investments. So far, I am NOT looking at or thinking about any of those kinds of BTC infrastructure investments. I only began investing in BTC in November 2013, at the high of the last price bubble, about $1,200 through Localbitcoins.com. Since I recognized the existence of a recent exorbitant increase in BTC prices, I began my BTC investment with a fairly conservative dollar cost averaging strategy, and with some frontloading, and I calculated that I would make my initial investment(s) over 6 months, rather than front-loading all of my investment at that then current price point. Accordingly, my first BTC was $1,200 through localbitcoins.com; however, currently my average per BTC is about $614, including transaction fees. Surely, my average investment price per BTC could have been lower than $614 (and at one point, in late May 2014 my average price per BTC was $595), but it could have been higher, as well, but I have been doing my best under the circumstances (especially b/c some of my fiat for the investment in BTC became available ONLY recently). Also over the last several months, some of the timing of my BTC purchases had coincided with my receipt of fiat, the availability of fiat, or my allocation of fiat that I could spend for that time period. Hopefully, my response addresses your question. |
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Question....how much one would need to have (in BTC) now, to be considered wealthy men in future....2-3 years from now? Would 1 BTC be enough for reasonable comfy life? Or maybe 10? Or less?
Answer.... Depends how high Bitcoin goes obviously...which is speculation. The answer about quantity of BTC also depends upon IJudoTina's financial/lifestyle expectations..... Personally, I believe one should NOT just accumulate 10 BTC, for example, and then just sit and wait. I think that a person should continue to grow his/her BTC holdings with available fiat and to the extent s/he feels comfortable continuing to invest into BTC with a dollar cost average methodology.... a little bit every paycheck. Frequently, I think of these kinds of quantity of investment matters in terms of passive income that will be generated by the investment, and how much cash does the investor believe s/he needs to generate a sufficient passive income to live comfortably within his/her means... that may be $1,000 for some people and $20,000 for others. Personally, at the moment, I am o.k. mostly in the $3 to $5k per month range... especially if that income is largely passive... However, I could live on less, if needed, yet I would NOT be too comfortable under $3k per month. Also, I could live on more, and in that regard, I would NOT complain if my passive income were to add up to more than $5K per month - especially, if the income is passive.... For example, if a person has a preference to take 2 or more traveling vacations per year, then how luxurious the vacation or trip could be affected by whether there is sufficient passive income to support such. Also, I like to consider my passive income to be truly passive, and NOT eating into the principle. I consider the principle to be available to me only for emergency purposes... or in cases that the principle has appreciated in value much greater and beyond expectations... .... An example of an Emergency purpose would be life comforts at the end of life ... he he he.. One inevitable thing about living is death, yet death would likely be more expensive if it were to arrive slowly rather than quickly. Accordingly, I would prefer to have sufficient resources to assist to alleviate my own suffering, if I were to suffer some bad luck that would contribute to my experiencing a slow death. Regarding an asset appreciating much beyond expectations: Surely, we need to plan ahead to project how much we believe an asset will appreciate (or depreciate). If an asset appreciates in value much beyond our expectations, then that would also be a reason to dip into the principle b/c such a large amount of principle, in those circumstances, would be deemed no longer necessary to generate an adequate amount of passive income...... in other words the principle is generating an income way beyond needs. BTC as an investment and a passive income generator is likely to fall into this category of appreciating beyond expectations (unless you set your expectations too high). For example, one could project a 1% per month appreciation, and then BTC appreciates 20% per month (beyond expectations). On the other hand, one could project to create expectations that are too high by projecting 20% per month appreciation, and then BTC only returns 1% per month. I am much more comfortable to set my expectations low and then to receive a bonus reward or return, rather than setting my expectations too high, and then getting clobbered. |
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