Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[LFC_Bitcoin]

watch LTC

I’ll give that a miss, thanks!

[1680200289]

1680200289

[bitcoincidence]

a quiet morning
the bot jumps into the chart
but nothing happens

[HairyMaclairy]

machine learning bot
all your friends buy xrp
would you FOMO in?

[DeathAngel]

 

Get your cock wet by using bitcoin?
I’d rather pay a bitcoin accepting hooker agency, at least you won’t get cat fished.

[bitcoincidence]

machine learning bot
all your friends buy xrp
would you FOMO in?

Ripple in still water
When there is no pebble tossed
Nor wind to blow

[JayJuanGee]

A 100x from here puts us as matching the market cap of gold (disregarding lost coins).  I'm pretty comfortable with that.

100x?

when?


Two more halvenings  plus a few years..?  maybe 8-10 years?


Are you actually planning on the 100x, or are you happy with BTC, even if 100x does not happen?

I'm thinking that I am going to begin a 4% per year cashing out in 4-5 years?   My cashing out will happen based on a timeline, rather than based on BTC price because I am thinking that pretty much, I will be able to begin to cash out 4% per year in perpetuity and live off of it., and I don't expect BTC prices to be lower than today in 4-5 yars.  Does not matter what the price is, just cash out 1% every quarter. 

I am expecting, at minimum, the BTC price will be higher than it is today... accounting for an average BTC price appreciation of ... at least 1% every quarter... which would bring BTC prices to be even higher than $4.5k, at minimum...  in 4-5 years.

Now, if the BTC price is shooting towards another 100x.. from here, then that's fine, too.  It causes the cashing out to be 100x higher, at some point...  Accordingly, I will just keep cashing out my 1% per quarter, and I might have to buy a yacht with some of those extra (icing on the cake) 100x higher than expected proceeds.  So, for example, if I had planned to cash out about $3k per quarter, then I would be cashing out $300k per quarter... Seems a bit too much for me, but I will figure out a way to adapt..

I will go with the flow, and hopefully still have time to post here in this thread because I don't plan to get out of BTC, just to have a "constant cashing out that does not depreciate the principle plan". hahahahaha.

In a few years, gonna be nice, for us current BTC HODLers/accumulators.

[LFC_Bitcoin]

JJG what country are you from, I’m a nosey asshole, just wondering.

You already know my plans, you joke about it all the time when I set dates & figures & publicise them here

Relastically I will probably sell a lot of my stash if/when we see $100,000 per coin. I will keep 10BTC as a pension type thing for when I’m old. I expect 1BTC to be very expensive then so keeping 10BTC should mean I can be an old fuck without too many worries

[El duderino_]

machine learning bot
all your friends buy xrp
would you FOMO in?

Early days @crypto yes


Now as a high learned one NO  

[JayJuanGee]

A 100x from here puts us as matching the market cap of gold (disregarding lost coins).  I'm pretty comfortable with that.

X 100 from here & I don’t even know what I’d do with myself. It’d be fucking euphoric, wouldn’t it?

 

This is a good time to develop a plan.  If you cash out 50% of your BTC at $50k how much BTC you gonna have left at $350k? 1BTC?  hahahahaha 

Better have a plan, just in case.   I'm thinking to prepare for various scenarios, it is good to have a BTC price movement plan and also a timeline-based plan.

[kurious]

machine learning bot
all your friends buy xrp
would you FOMO in?

Bots gonna get better.  Or maybe worse?

https://www.theguardian.com/technology/2019/feb/14/elon-musk-backed-ai-writes-convincing-news-fiction

[JayJuanGee]

A 100x from here puts us as matching the market cap of gold (disregarding lost coins).  I'm pretty comfortable with that.

X 100 from here & I don’t even know what I’d do with myself. It’d be fucking euphoric, wouldn’t it?

 

You would go unconscious after pulling 12Gs bro even wearing a g-suit

Ahh man, hopefully our dreams come true.

I was reading the early pages of this thread the other day, April 2013, people were chatting when the price was $70. If we could even make those kind of gains from the current price I’d be the happiest man alive.

If we think of $70, then currently at $3.5k we are in the 50x of that.  Of course, at $19k, we were in the 271x of that.

It's a bit of a stretch to attempt to create expectations with speculations about what you would have done back then, if you had known.

Hairy's 100x projection does seem to be a bit more reasonably reachable in the next 10 years or so than the 1,000x that Biodom was projecting.. that could take a bit longer to play out and of course more difficult to achieve based on the other systems that 1000x might have to supplant for bitcoin to be sustainable in that 1000x rather than 100x price range (from here).

[JayJuanGee]

JJG what country are you from, I’m a nosey asshole, just wondering.

USA

You already know my plans, you joke about it all the time when I set dates & figures & publicise them here

Relastically I will probably sell a lot of my stash if/when we see $100,000 per coin. I will keep 10BTC as a pension type thing for when I’m old. I expect 1BTC to be very expensive then so keeping 10BTC should mean I can be an old fuck without too many worries

Holding onto 10BTC is not a bad plan.

Let's face it.  Both of us consider that we have done a decent amount of BTC accumulation already.  So the next part of our plan has to do with the systems in which we maintain some BTC holdings, but also we have to consider cashing out price points and time line. 

I am becoming more attached to a kind of maintainable ongoing cashing out plan.. (such as the 1% per quarter plan that I have been spouting on about in the past few days) which would also allow maintenance of a minimum amount within my BTC holdings while continuously cashing out in perpetuity no matter what the BTC price.  The minimum amount is maintained because I believe that I have accumulated way more than necessary to reach the cashing out objectives, so therefore there remains a cushion that allows the maintenance of a minimum amount  of BTC, even while continuing to cash out.

[Globb0]

My cashing out will happen based on a timeline, rather than based on BTC price

Seems silly to completely ignore price, say there was a rise and a dip or anything is possible.

Have that plan but also add a automatic trigger.

If price goes above x = start the 1% plan early

If its silly low you might make the opposite exception = Delay start of 1% plan




What do you think of that?

[LFC_Bitcoin]

A 100x from here puts us as matching the market cap of gold (disregarding lost coins).  I'm pretty comfortable with that.

X 100 from here & I don’t even know what I’d do with myself. It’d be fucking euphoric, wouldn’t it?

 

This is a good time to develop a plan.  If you cash out 50% of your BTC at $50k how much BTC you gonna have left at $350k? 1BTC?  hahahahaha 

Better have a plan, just in case.   I'm thinking to prepare for various scenarios, it is good to have a BTC price movement plan and also a timeline-based plan.

JJG when I say cash out a big % at $50,000 - $100,000 I mean when the price is $50,000 - $100,000 per bitcoin not my total coin wealth being $50,000. Jesus, I’ve got far more than that at the current price.

I think we all need a solid plan for the future which states what price we start to sell & how much we sell.
I keep changing my mind, it doesn’t really matter atm though, the price is still low & we should all be accumulating.

You sound like you’ve got a solid plan.

[criptix]

A 100x from here puts us as matching the market cap of gold (disregarding lost coins).  I'm pretty comfortable with that.

X 100 from here & I don’t even know what I’d do with myself. It’d be fucking euphoric, wouldn’t it?

 

This is a good time to develop a plan.  If you cash out 50% of your BTC at $50k how much BTC you gonna have left at $350k? 1BTC?  hahahahaha 

Better have a plan, just in case.   I'm thinking to prepare for various scenarios, it is good to have a BTC price movement plan and also a timeline-based plan.

JJG when I say cash out a big % at $50,000 - $100,000 I mean when the price is $50,000 - $100,000 per bitcoin not my total coin wealth being $50,000. Jesus, I’ve got far more than that at the current price.

I think we all need a solid plan for the future which states what price we start to sell & how much we sell.
I keep changing my mind, it doesn’t really matter atm though, the price is still low & we should all be accumulating.

You sound like you’ve got a solid plan.

On the next run i will cash out enough to not bother about fiat anymore.

I mean having enough money without the need to work anymore and still additional money to invest in some big stuff - like the sex robot industry. 

[JayJuanGee]

My cashing out will happen based on a timeline, rather than based on BTC price

Seems silly to completely ignore price, say there was a rise and a dip or anything is possible.

Have that plan but also add a automatic trigger.

If price goes above x = start the 1% plan early

If its silly low you might make the opposite exception = Delay start of 1% plan


What do you think of that?

You are correct, Globb0, that I may have overstated the start triggers for my cashing out of BTC parameters a wee bit; however, if you read in other parts of that same post, I am suggesting that, tentatively, both I will begin to cash out 1% per quarter in that 4-5 year timeline and that I anticipate the BTC price will at least be above $4,500 at that time (again based on a tentative expectation that BTC prices will appreciate in value at least 1% per quarter from today's prices from now until 4-5 years from now). 

Of course, I am free to change my mind (or tentative cashing out plan) at any time, but I am attempting to state a tentative plan and expectations for parameters for such a plan, and you are correct that I may need to rethink my plan to some extent if BTC does not, at least, achieve the price performance of $4,500 or greater by the time we reach my timeline target 4-5 years.. or if some other crazy things were to occur regarding BTC.  But, largely, if its price is above $4,500 I might want to just get started with a cashing out plan based on my being 4-5 years older, no? 

On the other hand, I already had mentioned in some of my previous posts, that a 1% per quarter cashing out plan presumes an ability to continue such cashing out plan forever based on a presumption of at least 4% per year appreciation of value, and therefore such cashing out presumption is that you are never eating into your principle, but instead merely living off of the interest of such investment. 

Even at current BTC prices, my BTC holdings are way above a 4% per annum appreciation since I started in 2013.

Let's just say, for conservative calculation's sake, my average cost per BTC is $1,000. $3,500 gives penty of a profit cushion to start cashing out today, if I were to want to, so in that regard, I would not really, in theory, be eating into principle, even if I were to start to cash out today at 1% per quarter. 

Partly, I am projecting a tentative 4-5 year timeline for beginning to cash out for myself based on age and health and because I don't really need the money right now, and also there is just a bit of an expectation (perhaps gamble) that BTC prices are going to be decently higher in 4-5 years, as compared with today's price.. so may be a better time to start cashing out at that time (without any real need to delay beyond that time, tentatively speaking).

[ChinkyEyes]

Its happening, the avalanche of no-cost tokens is in motion.
First several countries (Russia, Saudi, Venezuela, Iran, UAE...) then JPM and now Japan IT giant releasing coins.
Every Bank large corporation Facebook, Apple.........will have its own non-minable coin. It will extend even to private individuals as status symbol or whatever other reason like attempted money grab. ICO was yesterday.

I know about just every active xrp thread, for hours not a single response to any of them. The xrp money grab is in its final stage. Never experienced  that bunch of ..... so quiet.
https://www.blockchain24.co/stablecoin-in-japan/

Let's not forget Goldman Sachs funded USDC and the soon to be released VAKT. https://www.vakt.com/

I saw an article where JPM was called the bitcoin killer... The first thing I thought it would be the ripple killer not Bitcoin

[Last of the V8s]

What do you think of that?

Let me tell you kid what I think of that. Ima better actor than that old fraud. fucked more dolls than he ever met. climbed higher hills, grew bigger beards, better spoken, better bred, better. goddam pogonophobe child sitting there guzzling your cheap vodka letting your sjw gf rule the roost, making sly quips, shitcoin-holding. show us your beard you whispy-arsed teenage dropout nocoiner


ah that feels better. morning all.

[mindrust]

I am almost there to my 5btc aim. Next stop is 10btc but I don't think I will be able to get there in a reasonable timeframe before the next bull run.

I showed you my 1 year btc buys before and this is my whole history:

(never sold a satoshi since 2016)

I hope the accumulation phase lasts at least 2 years this time.

I mean I can buy 30 btc right away but no. I'll dollar cost average the shit out of it.

[JayJuanGee]

A 100x from here puts us as matching the market cap of gold (disregarding lost coins).  I'm pretty comfortable with that.

X 100 from here & I don’t even know what I’d do with myself. It’d be fucking euphoric, wouldn’t it?

 

This is a good time to develop a plan.  If you cash out 50% of your BTC at $50k how much BTC you gonna have left at $350k? 1BTC?  hahahahaha 

Better have a plan, just in case.   I'm thinking to prepare for various scenarios, it is good to have a BTC price movement plan and also a timeline-based plan.

JJG when I say cash out a big % at $50,000 - $100,000 I mean when the price is $50,000 - $100,000 per bitcoin not my total coin wealth being $50,000. Jesus, I’ve got far more than that at the current price.

Did some of our communications get mixed up in the back and forth.

I was not really attempting to figure out your exact bitcoin stash or to suggest how much you would have at various price points, except to suggest that if you cash out 50% of your stash at various points between $50k and $100k, then are you going to have any BTC left to cash out at $350k. 

You know that in the end, there is a bit of an academic exercise here, because of course, you can do whatever you want with your stash, and my ongoing difficulties with any plan is when I perceive there are times in which it may be cashing out too much BTC and not holding onto enough in order to be prepared if the price goes to $350k like Hairy suggests.

I don't mean to accuse you exactly of cashing out all of your BTC, but I suppose in the end, I may be accusing you of cashing out more than necessary - even while in the end, your method of cashing out remains your choice - even while we might brainstorm about it, which can be helpful to both of us and others who might chime into such a discussion, as well, since we are on an open thread... 

I think we all need a solid plan for the future which states what price we start to sell & how much we sell.
I keep changing my mind, it doesn’t really matter atm though, the price is still low & we should all be accumulating.

You sound like you’ve got a solid plan.

Hey.. I think that all of us will tweak our plan from time to time, and there is nothing wrong with that.   I have always striven to plan for both up and down price movements, so of course, I never want to run out of BTC, even if the price ends up petering out... and then I get stuck with lack of appreciation losses from the subsequent price falls. 

But there are other reasons that we can change our mind and our plan, too.. including, perhaps, cashing out so fucking much money that we don't really feel any inclination to cash out more.  Accordingly, I have frequently said that I'm not too interested in buying a Lambo, even though I could have bought several.. however, I could become more likely to buy a Lambo if BTC prices to go up 100x from here like Hairy is telling us.  In that kind of scenario, I might feel that I need to tweak my cashing out plans because I might run out of things to buy, and a Lambo might start to seem practical, just for shits and giggles.