Last of the V8s
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Be a bank
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November 08, 2018, 10:52:44 PM |
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It's been a while...lol I got caught up in voice chats....still HODLING though.
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JayJuanGee
Legendary
Online
Activity: 3850
Merit: 10874
Self-Custody is a right. Say no to"Non-custodial"
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November 08, 2018, 11:10:57 PM |
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My state just legalized marijuana, so I have that to keep me entertained for the next three years, I guess.
I reckon you need to be living in Michigan tho. Not sure it's worth the tradeoff. Nope When I hit my BTC valuation target, I'm getting the hell out of here. Huh? What is the approximate BTC price for such flight? $50k? $100k? $1million? My plan was to sell half at 100K and let the rest ride. Do you have a sell target for your long-term stash? Starting in about early 2014, I was already engaging in quite a bit of working out "on paper" my various cashing out strategies, like some of my posts described in the SSS thread. So for example, I was thinking that there were going to be various BTC price points in which I would take out large quantities of cash, but with the passage of time, including my actually experiencing how my incremental cashing out plan was working, I figured that I did not really need to make really large cash outs, in terms of percentages because largely, incrementalism was going to be very likely to go above and beyond my actual needs. Don't get me wrong, there might be sporadic times in which I might consider something that I would like to buy or invest in which would cause me to cash out a decent amount of bitcoin in order to accomplish such purchase/investment. So, in that regard, I would not even mind cashing out some bitcoins at $6k if some need were to arise. On the other hand, my time horizon remains at least 5-10 years, so it seems to me that incrementalism is going to continue to serve me during that time, whether the BTC price goes to $10k, $30k, $50k, $100k or more. Also, don't get me wrong, there is going to be a decent amount of temptation to take out some value in the $50k to $100k range, but we are going to need to see whether the price is then feeling "toppy." A funny thing about when we are in a kind of toppy area, such as nearing $20k, there is a bit inside of us that does not quit appreciate the then "topiness" of the matter. By the way, from our various posts, I understand that you are quite a bit younger than me, but there does come a real questionable matter about starting some kind of systematic withdrawal of principle when getting to a certain age or perhaps some health conditions could cause that kind of perspective, so I will likely reach that kind of timeline much before you, but I am still thinking that I have 5-10 years before I really need to consider when to engage such part of my plan (which are a bit differing circumstances for guys (and gal) who might be thinking that they have at least 20 years before they need to get into that stage of their financial planning dynamics). My plan was to sell half at 100K and let the rest ride.
I was waiting for 100 trillion per coin. From time to time, troll nocoiners can be quite hilarious, so I see why you keep this loser dweeb around, infofront... hahahaha
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encycrypto
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Activity: 294
Merit: 53
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November 08, 2018, 11:14:30 PM |
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El duderino_
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Activity: 2646
Merit: 12953
BTC + Crossfit, living life.
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November 08, 2018, 11:16:34 PM |
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when FUD is needed meh, back to 6400 @the moment
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4392
Be a bank
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November 08, 2018, 11:18:36 PM |
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Realerre
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Activity: 124
Merit: 11
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November 08, 2018, 11:45:03 PM |
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Dear fellows, I as "erre" was here from 2013. I was a regular lurker of this thread and a relatively rare poster here, but I think someone could remember me for the bet with proudhon or for some other shitposting. I have some emotional bond with this forum, despite the very low overall quality. In May 2018 my account was hacked. I have full proof of ownership according to the rules and more, but after an initial response from Cyrus I was not able to make any more contact with him or Theymos. I made a thread in meta ( https://bitcointalk.org/index.php?topic=3652698.new#new) which was locked a little time ago, so I made another thread ( https://bitcointalk.org/index.php?topic=5065918.0), but I'm really getting demotivated now and I rarely post because I feel uncomfortable without my "skin" and my story. I know that there are a lot of influent/known members writing and lurking here, so since the price is going sideways and there are no walls to observe I really hope that someone could spend some of his time helping me, I need to drag some admin's attention. Thank you erre Yes, I remember you. I also remember when your account was hacked and I helped you locate your old messages with posted signature. I thought you would have recovered it long ago, since everything looked ok (signature verified ok). Now I am rereading the "recovery" thread and am surprised by this: https://bitcointalk.org/index.php?topic=3652698.msg44512640#msg44512640If someone of the "weight" of hilariousetc can't make it get done I don't know who could (besides Theymos and Cyrus themselves). He seems to be speaking quite frankly when he says no accounts are being recovered lately even when meeting all requirements. Which is bummer to say the least. Maybe someone else can shed some more light over what could be done here or someone that has had success in recovering his account recently? Thank you and all the others for the responses. I think that they just don't bother, what piss me off is that Cyrus initially responded, and asked: "are you still in possession on the original email?" and I replied "yes". Like 20 times. For months. What can I do to have some attention from admins? I think that hi-rank mods should have a way to contact them other then PMs, or maybe somebody knows them in real life or some other circuit... I even thought to sue the forum or ddos them, but unfortunately btc didn't made me so rich (still). I didn't even spam, because I think it's useless, but I don't want to give up.
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StartupAnalyst
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Activity: 728
Merit: 317
Crypto Casino & Sportsbook
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November 08, 2018, 11:52:16 PM |
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xhomerx10
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Activity: 3976
Merit: 8638
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November 09, 2018, 12:24:39 AM |
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4392
Be a bank
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November 09, 2018, 12:28:41 AM |
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love it. love that old man Xi hates being called Pooh free Tibet free East Turkestan free Southern Mongolia Free China
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xhomerx10
Legendary
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Activity: 3976
Merit: 8638
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love it. love that old man Xi hates being called Pooh free Tibet free East Turkestan free Southern Mongolia Free China Free hats.
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El duderino_
Legendary
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Activity: 2646
Merit: 12953
BTC + Crossfit, living life.
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November 09, 2018, 12:38:27 AM |
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HAHA very nice, going to HODLcave on rest ....... and nice to go with that gif on my mind LOL +1WO merit , got emptied cause that crazy time @the other thread last evening GN WO's and let the bears go to sleep as WELL
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Elwar
Legendary
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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November 09, 2018, 01:07:10 AM |
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Dear fellows, I as "erre" was here from 2013. I was a regular lurker of this thread and a relatively rare poster here, but I think someone could remember me for the bet with proudhon or for some other shitposting. I have some emotional bond with this forum, despite the very low overall quality. In May 2018 my account was hacked. I have full proof of ownership according to the rules and more, but after an initial response from Cyrus I was not able to make any more contact with him or Theymos. I made a thread in meta ( https://bitcointalk.org/index.php?topic=3652698.new#new) which was locked a little time ago, so I made another thread ( https://bitcointalk.org/index.php?topic=5065918.0), but I'm really getting demotivated now and I rarely post because I feel uncomfortable without my "skin" and my story. I know that there are a lot of influent/known members writing and lurking here, so since the price is going sideways and there are no walls to observe I really hope that someone could spend some of his time helping me, I need to drag some admin's attention. Thank you erre Yes, I remember you. I also remember when your account was hacked and I helped you locate your old messages with posted signature. I thought you would have recovered it long ago, since everything looked ok (signature verified ok). Now I am rereading the "recovery" thread and am surprised by this: https://bitcointalk.org/index.php?topic=3652698.msg44512640#msg44512640If someone of the "weight" of hilariousetc can't make it get done I don't know who could (besides Theymos and Cyrus themselves). He seems to be speaking quite frankly when he says no accounts are being recovered lately even when meeting all requirements. Which is bummer to say the least. Maybe someone else can shed some more light over what could be done here or someone that has had success in recovering his account recently? Thank you and all the others for the responses. I think that they just don't bother, what piss me off is that Cyrus initially responded, and asked: "are you still in possession on the original email?" and I replied "yes". Like 20 times. For months. What can I do to have some attention from admins? I think that hi-rank mods should have a way to contact them other then PMs, or maybe somebody knows them in real life or some other circuit... I even thought to sue the forum or ddos them, but unfortunately btc didn't made me so rich (still). I didn't even spam, because I think it's useless, but I don't want to give up. If you ever had a Bitcoin address associated with your account you can always sign a message with that key as proof.
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bitserve
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Activity: 1834
Merit: 1477
Self made HODLER ✓
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November 09, 2018, 01:10:44 AM |
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If you ever had a Bitcoin address associated with your account you can always sign a message with that key as proof.
He did, it matched. It seems no accounts are being recovered since before the summer even if you follow the procedure. Bummer.
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JayJuanGee
Legendary
Online
Activity: 3850
Merit: 10874
Self-Custody is a right. Say no to"Non-custodial"
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November 09, 2018, 01:11:58 AM |
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My plan was to sell half at 100K and let the rest ride. Do you have a sell target for your long-term stash?
Nice round number. But it might be prudent to choose a number that's not too round. To beat the crowd, you know... I bet lots of people think selling the day we hit 100K. Before JJG comes back I will state the obvious: It's better to go selling in a laddered manner, ie: Beginning in small quantities from ie. below $50K all the way up.. maybe even rebuying some at the customary dips on the road. Would be a shame if price stopped short of $99K before the next bear market without having sold shit. But I guess infofront already knows that and was just setting some theoretical milestone for being half fiat half Bitcoin. I am mostly sure it will take more than one bull run and subsequent bear markets to reach $100K. So better prepare for that too. I agree with you both. In the last bull run, I just sat back and HEDL. In the next one, I'll try laddered sells when we go parabolic. If I end up with less than my target amount, I'd try to buy on the way down and increase my stash. I mentioned this in a post a few days ago, but let's say, for example, your target is to have 5 bitcoins that you hold from $10k to $100k (something like that), instead, you buy 6 BTC and then you have a bit extra BTC that you won't feel any kind of emotional attachment when you end up getting rid of it - because it was extra. Of course, you can use whatever ratio makes you feel comfortable, and surely you have to be careful NOT to end up engaging in sloppy personal finances because you chose to invest 20% or so more than your original plan... So, for example, you want to make sure that you have all the essentials covered including living expenses, including entertainment and an emergency fund.. but maybe you cut back on going out to eat, so instead of going out three times a week, you only go out two.. or some other overspending that you might be able to relatively comfortably divert into bitcoin.... another example might be that you buy a new car every few years, to buy a toyota instead of a lexus or instead buy a car that is 3 years old rather than a new one.. just to consider as a temporary measure that is deferred gratification and does not really affect you in any kind of meaningful negative way.
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Elwar
Legendary
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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November 09, 2018, 01:16:28 AM |
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Just remember...when selling you get hit with tax consequences (in the US).
So selling a big chunk is not the best strategy (unless you're just in it for the fiat and supporting your benevolent government with more money).
Personally I was able to retire and I can pull out $35k of my bitcoin every year tax free. I don't have to work the rest of my life.
To me that seemed a bit more important than anything I could cash out and buy.
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JayJuanGee
Legendary
Online
Activity: 3850
Merit: 10874
Self-Custody is a right. Say no to"Non-custodial"
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November 09, 2018, 01:23:42 AM |
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I don’t have anything against JJG at all, he’s pro bitcoin & to me that makes him alright. I just can not read through his walls of text at times. His grave head stone will say - Here lies JJG TL ; DR I have similar feelings. I hardly ever read my own stuff, and if I ever hear myself on a recording, I become repulsed. On the other hand, I do tend to look at myself in the mirror, except if there is someone more handsome nearby.. then I will tend to look at the more handsome fella.. while admittedly attempting a compare / contrast. If there happens to be a handsome fella and a decently looking chick, I will gravitate towards the chick, unless the guy happens to look a lot better.
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Rosewater Foundation
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November 09, 2018, 01:31:26 AM |
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man I'm sorry I've never comeback to this thread. Hope all are doing well.
Lol I just un-ignored Lambchops.
Porkchop was literally the only reason to visit this thread, for like a year. They were different times. I mean, the price was in the gutter. But. Anyway. Happy Thursday Jay! You. wordy. bastard.
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JayJuanGee
Legendary
Online
Activity: 3850
Merit: 10874
Self-Custody is a right. Say no to"Non-custodial"
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November 09, 2018, 01:34:34 AM |
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Surely there is something off about that comparison because there was not really any kind of flat period in 2014 that resembles the flat period in 2018. Accordingly, in 2018, BTC prices reached down to sub $6k in early February, and so have been largely holding for 9 months. 2014.. held upper $300s for only a few months, and then capitulated down to mid-to-lower $200s and then bounced around in the mid-$200s for about 8 months before there was a kind of realization that there was no more ability to get the "bad boy" down (and stay down) below $220-ish...
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megadeth
Sr. Member
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Activity: 289
Merit: 252
bagholder since 2013
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November 09, 2018, 01:38:22 AM |
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Just remember...when selling you get hit with tax consequences (in the US).
So selling a big chunk is not the best strategy (unless you're just in it for the fiat and supporting your benevolent government with more money).
Personally I was able to retire and I can pull out $35k of my bitcoin every year tax free. I don't have to work the rest of my life.
To me that seemed a bit more important than anything I could cash out and buy.
4% withdrawal rate?
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