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

[Dabs]

re: infofronts "fuckyoucoiner" poll

my answer is based on todays value of ~$4k USD.

voted 200-499
[...]

I just did a "firecalc" for 1.5 million. Spending level of $58k. 95.8% success rate with at least 100k left over after 30 years, based on 118 total cycles, of which 5 failed. That's 3.91% of the starting portfolio.

I think that's pretty much fuckyou money, in addition to any other income you may have. Again, depends on your level of expenses. I voted a little higher, just in case.

...

realistically, in fiat terms, 10 mil is about the minimum amount for "real" fuck you money. imo of course. and even then stupidity can wipe that out fast.  

You likely realize that I picked the same, and my reasons are a bit different from yours, but very similar.

...

Based on your ending comment:  "realistically, in fiat terms, 10 mil is about the minimum amount for "real" fuck you money. imo of course. and even then stupidity can wipe that out fast."  I am thinking that you might be more afraid of yourself, than I am?  hahahahahahahaha

Edit:  By the way, as I type this post, it appears that the test of $4k is imminent.  Or do we have another false alarm?

Don't forget celebrities and sports athletes, like some champion boxers, earned $300 million, only to declare bankruptcy a few years later. This likely happened because of a lifestyle that needed $400k per month just to sustain it, not to mention all the sharks surrounding him trying to get a chunk out of the money.

The real trick is to spend less than you make. Then it's only a matter of time.

If you spend as much as you make, or even more than you make (getting into debt), then you're being fucked by everyone else. I say, $5m is a more than decent amount to consider it fuck you money, considering what a lot of people here make.

That means 5 BTC is all you need in about 5 years or less.

[Hueristic]

What are your thoughts on the kind of person who would murder nearly a hundred people and injure hundreds more?

I am inclined to agree with BTCMillionaire that that individual has forfeited their right to life.  You?

This is what places like Guantanamo exist for.

[JayJuanGee]

re: infofronts "fuckyoucoiner" poll

my answer is based on todays value of ~$4k USD.

voted 200-499
[...]

I just did a "firecalc" for 1.5 million. Spending level of $58k. 95.8% success rate with at least 100k left over after 30 years, based on 118 total cycles, of which 5 failed. That's 3.91% of the starting portfolio.

I think that's pretty much fuckyou money, in addition to any other income you may have. Again, depends on your level of expenses. I voted a little higher, just in case.

...

realistically, in fiat terms, 10 mil is about the minimum amount for "real" fuck you money. imo of course. and even then stupidity can wipe that out fast.  

You likely realize that I picked the same, and my reasons are a bit different from yours, but very similar.

...

Based on your ending comment:  "realistically, in fiat terms, 10 mil is about the minimum amount for "real" fuck you money. imo of course. and even then stupidity can wipe that out fast."  I am thinking that you might be more afraid of yourself, than I am?  hahahahahahahaha

Edit:  By the way, as I type this post, it appears that the test of $4k is imminent.  Or do we have another false alarm?

Don't forget celebrities and sports athletes, like some champion boxers, earned $300 million, only to declare bankruptcy a few years later. This likely happened because of a lifestyle that needed $400k per month just to sustain it, not to mention all the sharks surrounding him trying to get a chunk out of the money.

The real trick is to spend less than you make. Then it's only a matter of time.

If you spend as much as you make, or even more than you make (getting into debt), then you're being fucked by everyone else.

Perhaps, you and I are largely on the same page here, Dabs, in terms of the theoretical issue and the solution, which is to live within less than your means.

So of course a lot of Celebritities will let matters get waaaay out of hand.

A similar phenomenon is likely to happen to anyone who get's rich fairly quickly and does not really have a chance to figure out good habits of living within your means.

I hav practiced such living within my means and also having at least a minimum of 10% of my income go towards investments for more than 30 years, so I both have a lot of practice and a lot of confidence in myself to keep a handle on income as compared with how much I can spend or feel comfortable spending.

So, yeah, getting rich too quick and then perhaps leaving financial matters with people who may be engaged in gouging might not be helpful, either.  If you are really rich, and if you do not know about managing finances, then it would seem quite prudent to hire someone to teach you some basic tactics, yet probably rich people do hire financial people who are disincentivized to teach themselves out of a job. 

I say, $5m is a more than decent amount to consider it fuck you money, considering what a lot of people here make.  That means 5 BTC is all you need in about 5 years or less.

For reasons that I described in my previous post about passive income management, I have described $1million as a bare basic minimum entry point because it can generate about $3,333 of passive income per month.  Of course, if you want a cushion then moar is always better.  I am not sure how many years it would take for 5BTC to suffice, but I suppose by the time, BTC reaches $1million per BTC, then the dollar might be so ravaged, that it may will take 5x more income just to get to entry level fuck you status.. and maybe 5BTC would suffice?     

Currently, I speculate that John McAfee is going to have to eat his dick and a minimum of two halvenings before peaking to $1million per bitcoin.   and even then, I doubt that any price like that would be sustainable for at least another 5 more years upon first reaching it.  On the other hand, surely there are a lot of decent theories of triggering events that could cause BTC to  reach such levels sooner.. but I am going to give it 2 halvenings minimum before we see an actual $1million bitcoin. By the way, another scenario could be that selling a decent amount (maybe 10% or more) at $888,888.88 would be prudent upon the first time attempting to reach or breach $1million, because we could end up having a several year correction before actually breaching $1million...  assuming that some semblance of past BTC price performance patterns (fractals) continue to play out into BTC's future.

[jojo69]

up we go

[HairyMaclairy]

Earwigo

[HairyMaclairy]

Pamp it - 15 minute chart.  We need to hold above $3945.  

[Toxic2040]

Nice...resistance crushed.

4h

[JayJuanGee]

Nice...resistance crushed.

Exactly.  Very easy to crush something that wasn't there, except in theory and/or according to "charts".       in other words, imaginary.   

[HairyMaclairy]

If we can hold this, we have broken the back of the bear market.

[spiderbrain]

</racist shit>

Saying all muslims deserve to be killed because they have a few murderous psychos is like saying all white people deserve to be killed because we have a few murderous psychos. All the psychos deserve each other and I wish they would be considerate enough to only murder each other.

[Hueristic]

thought we'd done the https://www.politicalcompass.org/test
it's not perfect, but quite thought-provoking
i always come out more wishy-washy than i'd like to imagine myself (The Khan was a pussy blahblah)
will do it later and might publish here
off to a coffee-morning for the homeless smh

https://www.politicalcompass.org/analysis2?ec=-7.13&soc=-5.13

[Toxic2040]

Nice...resistance crushed.

Exactly.  Very easy to crush something that wasn't there, except in theory and/or according to "charts".       in other words, imaginary.   

Basically you are correct JJG. I think you are in the market deep enough to know how thin it truly is. A moderate amount of coin can slosh things around quite nicely.

-----

If we can hold this, we have broken the back of the bear market.

Much to early but I like where your going with this...tell us more.

-----

Now we find out what kind of support is out there.
1h

[jojo69]

If we can hold this, we have broken the back of the bear market.

you heard it here folks

[spiderbrain]

If we can hold this, we have broken the back of the bear market.

you heard it here folks

12 month downtrend already broke today IMO.

[Hueristic]

PuuuuuuuuuuuuuuuuuumP

CBOE has stopped offering futures because of low volume.

Good news.

Scam over, dump complete.

[rhomelmabini]

If we can hold this, we have broken the back of the bear market.

you heard it here folks

Okay, I'm buying in.

[Ibian]

</hyperbolic nonsense>

You, good sir or madam, are a liar. I never said any such thing.

[spiderbrain]

</hyperbolic nonsense>

You, good sir or madam, are a liar. I never said any such thing.

Forgive me for misinterpreting, that was my understanding of your prose. Such nested quote wars are hard to follow.

[JayJuanGee]

If we can hold this, we have broken the back of the bear market.

Oh my!!!!

So early?

I am not giving up on my three reversal scenarios, so easily.  Call me stubborn or call me a lagging indicator. 

[Toxic2040]