It looks like you (OgNasty) deleted your post while I was responding to it.. Who would-a-thunk that you might have had wanted to rethink your earlier responsive post?
Read this thread and tell me who it reminds you of.
Going broke and trying to frame me as a scammer because I hurt your feelings has become an age old tradition here at bitcointalk.
You figure out some way to to make any topic about you and how you are so much greater than anyone else...
I'm recounting historical facts from this website as they pertain to the discussion at hand, including similarities between idiots 12 years ago and idiots now. Maybe some people aren't as familiar with the stories of users from 12+ years ago. If you think those facts make me, "greater than anyone else" I fail to see how that is on me. I'm sorry that you have never done anything in the Bitcoin community but be a leech and you get jealous when actual contributors here are involved in historical discussion.
When are you selling 4% of your stack this year to survive so I can buy it all? I have a total of 3 accounts that are mostly managed by other people who are mostly allowed to exercise their own discretion within some of the parameters that I had set (using my bitcoin) that are authorized to sell 4% annualized and authorized to sell every month within the formulas that are associated with the
sustainable withdrawal website, so monthly would be about 0.33% ... Two of the accounts had been active since about September 2022 - and then the remaining account has been active as of late 2024. You can see what a hypothetical scenario of an account from
this post in my sustainable withdrawal thread. Those are not the actual numbers of the thread, even though they started out with 21 BTC in each of those hypothetical accounts.
One account tends to send to various sub accounts each month (and I had said use or lose in regards to the authorized amounts for each month.. which causes an incentive to spend within that month), and I am not sure the extent to which those sub accounts end up selling their BTC to put them on the market... The recipients are free to do what they want including selling or holding, yet as far as informal reports that I got back, perhaps only less than half of recipient account actually sell decent portions of the BTC after receipt.
A second account is sporadic in the quantity of BTC that is being sold and many months seems to just move the BTC from one account and to another and keeps a lot of the BTC in the other account... but yeah every once in a while that account sells some of the BTC - yet I think that there is internal accounting going on with that account so that fiat is being used in other places and mostly the BTC don't end up getting sold (as I had intended the BTC to be sold, but other people have their own idea about what they want to do in term of their own accounting).
The administrator of the third account seems to not know what to do with the BTC that is authorized, even though the quantity of coins is quite a bit smaller than the first two accounts... So it seem to me that the coins in that third account have not been moving from that third account..
I personally believe that once bitcoin holdings reach overaccumulation status, then those bitcoin holdings could support up to a 10% sustainable withdrawal rate based on the formulas and the 200-WMA valuations that are used for measuring authorized withdrawal amounts, yet of course, the formulas have reductions in the amounts if the BTC price is below 25% above the 200-WMA and they allow for extra (advanced months) withdrawals once the BTC price is at least 33% above the 200-WMA.
You can see
the formulas in the description portion of the
sustainable withdrawal tool, looking like this:
>>>>>>When the BTC spot price is at least 25% above the 200-week moving average, then at least 1 month's withdrawal will be authorized; however,
A) if the BTC spot price is between 10% and 25% above the 200-week moving average, then you will be authorized to withdraw for only 90% of the current month's limit.
B. if the BTC spot price is between 0% and 10% above the 200-week moving average, then you will be authorized to withdraw for only 85% of the current month's limit.
C. if the BTC spot price is between 0% and 20% below the 200-week moving average, then you will be authorized to withdraw for only 70% of the current month's limit.
D. if the BTC spot price is between 20% and 30% below the 200-week moving average, then you will be authorized to withdraw for only 50% of the current month's limit.
E. if the BTC spot price is greater than 30% and 35% below the 200-week moving average, then you will be authorized to withdraw for only 40% of the current month's limit.
F. if the BTC spot price is greater than 35% below the 200-week moving average, then you will be not be authorized to withdraw any BTC from the budget.
•(Authorized) Month Withdrawal limit (USD)
This output is calculated based on BTC stash size * Annual withdrawal / 12 (* USD Spot price). Since the BTC spot price is continuing to change, if the monthly withdrawal is not accomplished all at one time, it is best to refer to the BTC authorized monthly withdrawal amount to stay within limits.
•Advanced Withdrawal (No. Months)
This output is calculated based on if the BTC spot price is higher than the 200 WMA. Accordingly:
A. if the BTC spot price is between 33% and 66% above the 200-week moving average, then you will be authorized to withdraw for the current month + an additional month.
B. if the BTC spot price is between 66% and 100% above the 200-week moving average, then you will be authorized to withdraw for the current month + 3 additional months.
C. if the BTC spot price is between 100% and 200% above the 200-week moving average, then you will be authorized to withdraw for the current month + 5 additional months.
D. if the BTC spot price is between 200% and 400% above the 200-week moving average, then you will be authorized to withdraw for the current month + 11 additional months.
E. if the BTC spot price is between 400% and 650% above the 200-week moving average, then you will be authorized to withdraw for the current month + 23 additional months.
F. if the BTC spot price is between 650% and 900% above the 200-week moving average, then you will be authorized to withdraw for the current month + 35 additional months.
G. if the BTC spot price is between 900% and 1,400% above the 200-week moving average, then you will be authorized to withdraw for the current month + 47 additional months.
H. if the BTC spot price is greater than 1,400% above the 200-week moving average, then you will be authorized to withdraw for the current month + 59 additional months.<<<<I will concede from my own attempts to practice time-based sustainable withdrawal, there have been compliance issue related to three accounts that I had authorized to deploy such withdrawal methods, and I suppose theoretically, I am also authorized to withdraw within those time-based sustainable withdrawal parameters in the event that I come accross any ways that I might want to spend BTC (whether monthly or otherwise), yet since about late 2015, I have been mostly just using funds generated from BTC within
price-based sustainable withdrawal, and I have even disclosed that within price-based sustainable withdrawal I have been quite whimpy in my sales, since I have theoretically considered possible sales of up to 10% of the BTC for every time that the BTC price doubles, and maybe I was following something close to that in my earlier years of trying to deploy it, yet little by little the amounts have gravitated downwardly, so perhaps now I might be surprised if I were to sell 3% or even 2% for every doubling of the BTC price.
Also, how is your selling BTC every single year instead of providing some value to society to earn an income better than the people spending BTC on a new vehicle that you criticize?
My selling bitcoin every single year has not been too much of a success, even though ever since around early 2019, I had pretty much authorized myself to figure out ways to sell various quantities of BTC so long as the BTC price was at least higher than $5k, yet I likely was mostly following price-based sustainable withdrawal practices (aka sales) rather than time-based sustainable withdrawals... even though granted, I more likely did not work out the formulas for how to carry out time-based sustainable withdrawal in 2022. I probably should be attempting to put more of the time-based sustainable withdrawal into practice, especially since the numbers continue to be so great for sustainably withdrawing from bitcoin, and even my sub accounts that are kind of doing such time-based sustainable withdrawal at a 4% rather than 10% rate, are largely showing that there are ways of making such time-based sustainable withdrawal work if any of the participants (even including myself) might get more serious about regularly selling the BTC that is authorized to be sold.
In the end, some of these ongoing selling matters tend to be easier said than done, since I don't seem to be like you in my excitement to get into dollar, and unlike you, I don't tend to get so excited to be getting into dollars and proclaiming myself to be a bitcoin advocate while getting into dollars... Although, I will say that you do seem to waffle around quite a bit in your own story.. and at some point (not very long ago), you had even said that you were looking at other investments (wasn't it AI-related?), instead of getting back into bitcoin from the supposed dollars that you had supposedly generated from your supposed bitcoin sale(s)..
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