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

[Arriemoller]

So. I was going to sell some of my stash this summer to pay of all my loans and then retire and live of my passive income that I have from my disability pension, some insurances that pays out monthly and some other stuff. That would give me a nice middle class life with no worries. And as a nice topping on the cake I would get to see the face of my employer when I tell him I quit. I'm one of only two guys who knows how to do that special job right now and he would be in a state of slight panic. He is also a real asshole, which is why that would have given me much rejoice.

But to my great disappointment he went belly up a month ago, so I have been without a job for a month now, and have to sell right now instead of in the summer. Bad timing but nothing I can do about it.
I just sold one fourth of my stash and when the money hits my bank account tomorrow I will immediately pay of all debts and bills. and then I will take a tour of nostalgia to places in my life, an actual tour through the city that is.
I will stop and reminisce on the places I have lived and the places I have worked and other significant places from my life, and then I will just go somewhere and have a cup of coffee and enjoy total freedom from work and debt.
I am now officially retired at 57 and it feels great.

If things always went exactly as planned life would get boring quite quickly, wouldn't it? Enjoy your retirement and don't sit around yelling at clouds too much. Retirement should only be from "forced" things, such as hustling to pay the bills in my opinion.

I agree, and thank you.

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[LFC_Bitcoin]

So. I was going to sell some of my stash this summer to pay of all my loans and then retire and live of my passive income that I have from my disability pension, some insurances that pays out monthly and some other stuff. That would give me a nice middle class life with no worries. And as a nice topping on the cake I would get to see the face of my employer when I tell him I quit. I'm one of only two guys who knows how to do that special job right now and he would be in a state of slight panic. He is also a real asshole, which is why that would have given me much rejoice.

But to my great disappointment he went belly up a month ago, so I have been without a job for a month now, and have to sell right now instead of in the summer. Bad timing but nothing I can do about it.
I just sold one fourth of my stash and when the money hits my bank account tomorrow I will immediately pay of all debts and bills. and then I will take a tour of nostalgia to places in my life, an actual tour through the city that is.
I will stop and reminisce on the places I have lived and the places I have worked and other significant places from my life, and then I will just go somewhere and have a cup of coffee and enjoy total freedom from work and debt.
I am now officially retired at 57 and it feels great.

Genuinely nice read, that.

[Phil_S]

Normally, it would be a bit scary to sell 1/4 of the stash too early.

But at 57, it's a different story. Good luck, you did the right thing!

[Last of the V8s]

Legacy markets are even more rekt than us

[itshugereally]

woooohooo nice start of the week. Hope it turns around.....soon!

[Arriemoller]

I am now officially retired

Welcome to the club, brother.

Congrats !

Thanks Bob!

[Arriemoller]

Normally, it would be a bit scary to sell 1/4 of the stash too early.

But at 57, it's a different story. Good luck, you did the right thing!

Thanks!

[Last of the V8s]

... don't forget to open up and let FaceSpook into your life ... and all your friend's lives too.

Data-rape is now available for everybody, not just the 'conspiracists'. Let's be real, FaceSpook is a govt.-backed surveillance and intelligence black-op masquerading as a global tech. corporation.

Candide, penetrated with so much goodness, threw himself at his feet, crying, “Now I am convinced that my Master Pangloss told me truth when he said that everything was for the best in this world; for I am infinitely more affected with your extraordinary generosity than with the inhumanity of that gentleman in the black cloak, and his wife.”
 

...

good god

no. god bad

[rafanadal]

seems that we are going back to the 7000s

[fragout]

Legacy markets are even more rekt than us

What happened to bitcoin being a hedge. I do remember in the past if the stock market dropped, btc would rise. brexit etc

[HairyMaclairy]

Swamps of anger! Now it gets exciting!

[greensheep]

Legacy markets are even more rekt than us

What happened to bitcoin being a hedge. I do remember in the past if the stock market dropped, btc would rise. brexit etc

On 5/2 the stock market also influenced BTC.
8K seems like a firm hold

[vapourminer]

Normally, it would be a bit scary to sell 1/4 of the stash too early.

But at 57, it's a different story. Good luck, you did the right thing!

depends on where youre at in life. im in my 50s and everything is paid off already aside from a few years left on my geothermal loan and a solar setup going in this summer..

i hope to cash out up to 1/3 of my stack this year and put it into stuff that gives enough dividends to pay for monthly bills for say 4 years. this will give btc time to get to decent levels (hoping 40k+ USD) because at that price the other 2/3 will set me up for life very comfortably.

if it tanks, oh well. i do have other assets that will still allow a comfortable living, so im covered either way.

guess the point is if you can sell some of your stack now to buy enough time for btc to rise (if we are in the crypto winter it may be several years for the price to recover to 20k+ again) its worth the risk of cashing out say 1/3 of your stack. calculated risk, but it allows me full retirement now. if it fails, i can still retire fairly comfortably, but if it moons my retirement will be VERY comfortable indeed.

buying some time for btc to recover seems like its a fairly good plan to me, but i do have a decent Plan B also.

oh and @Arriemoller,  good on you for retiring seems like a good risk to me.

[Lopumbo]

hurry up, last time to buy bitcoin above 8000

[rafanadal]

hurry up, last time to buy bitcoin above 8000

U mean sell?

[d_eddie]

So. I was going to sell some of my stash this summer to pay of all my loans and then retire and live of my passive income that I have from my disability pension, some insurances that pays out monthly and some other stuff. That would give me a nice middle class life with no worries. And as a nice topping on the cake I would get to see the face of my employer when I tell him I quit. I'm one of only two guys who knows how to do that special job right now and he would be in a state of slight panic. He is also a real asshole, which is why that would have given me much rejoice.

But to my great disappointment he went belly up a month ago, so I have been without a job for a month now, and have to sell right now instead of in the summer. Bad timing but nothing I can do about it.
I just sold one fourth of my stash and when the money hits my bank account tomorrow I will immediately pay of all debts and bills. and then I will take a tour of nostalgia to places in my life, an actual tour through the city that is.
I will stop and reminisce on the places I have lived and the places I have worked and other significant places from my life, and then I will just go somewhere and have a cup of coffee and enjoy total freedom from work and debt.
I am now officially retired at 57 and it feels great.

Another of us who breaks out. Way to go, Arriemoller. Wherever you want!

[Lopumbo]

U mean sell?

forget the /s   

[d_eddie]

And I was expecting a cozy Monday, or even a slightly encouraging one. My hunches about market trajectories are really crap. At least, I learned not to bet on a hunch already some time ago.

[HairyMaclairy]

I think this market is shit.

Edit:  unrelated to above sentiment

[d_eddie]