Wow... The price seems to have held up really well over 11k even through some pretty heavy selling over the previous hour. The buyers are definitely there at 11. Interesting.
Very interesting indeed.
Must be more buyers than sellers.
I don't know.
Most people think a government ban is the biggest risk to bitcoin. But with MicroStrategy now having a third of it's market cap in bitcoin, do you really think governments will tank stock markets?
Risk of ban will get smaller and smaller when more listed companies follow MSTR.https://twitter.com/100trillionusd/status/1306119800255639559?s=21If Apple and Microsoft announce a long term holding position in BTC
Along with Samsung ,AMD and Nvidia.
500k a coin could happen.
Something to dream about.
I am sorry to be such a miserable pleb. But I really need that to happen. My job is killing me today. It is sucking the soul out of me through my ass and grinding it into a fine pulp. And I have never been a trader, and am probably almost as good at the titanium plates exercise as Bob, and have lived through all the booms and busts, and have very rarely complained.
But I might not be able to make it to the moon. I can't take much more than this. I think I am going to either go insane and end up on the news, and in jail or dead, or just in the water under some tall bridge.
I know money does not buy happiness. In fact it sort of seems like it might challenge it, lol. But it *DOES* allow one to stop being a slave making someone else money.
What is your fuck you level that you would need? $6million, like Biodom?
At $500k per coin, you would need 12 coins bare minimum, but recently, I had been suggesting that it is better to use the 200 Week moving average as the calculator for whether you have reached fuck you status.. assuming that you can project what level you need.
The 200 week moving average is moving up pretty quick, it is like $100 to $200 per week, and currently it is at about $6,700.. so that would be good for some peeps with at least 298.5 coins. I have been using $2 million as a good approximation of fuck you status.. perhaps 10 years ago, $1 million could have been sufficient, but times have changed a bit.
Of course, if we were to go up to $500k quickly, there is no way in hell that the 200 week moving average would catch up very quickly... especially since the 200 week moving average represents approximately a 4 year average (on the weekly candle).
Even if it took 4 years to go from here to $500k, probably the moving average would still be somewhere in the middle, if NOT a bit on the lower side of the middle, so anyhow, I am still currently thinking that giving bitcoin's ongoing volatility and ongoing likelihood to continue to be volatile, we need to use something like the 200 week moving average to figure our bottom - of course, unless we are completely cashing out of BTC, and personally, I do not recommend that kind of nonsense.
I am sorry to be such a miserable pleb. But I really need that to happen. My job is killing me today. It is sucking the soul out of me through my ass and grinding it into a fine pulp. And I have never been a trader, and am probably almost as good at the titanium plates exercise as Bob, and have lived through all the booms and busts, and have very rarely complained.
But I might not be able to make it to the moon. I can't take much more than this. I think I am going to either go insane and end up on the news, and in jail or dead, or just in the water under some tall bridge.
I know money does not buy happiness. In fact it sort of seems like it might challenge it, lol. But it *DOES* allow one to stop being a slave making someone else money.
How much fiat do you need to take out during the expected parabolic stage next year?
$2,000,000 - $3,000,000?
Money doesn’t buy happiness but it gives you options. Being broke doesn’t make you happy either.
That is a decently BIG question. Personally, I would expect that the amount that any of us might take out should not exceed what we would need within the next 3-4 years, and that would be extreme... Of course, if there is some kind of BIG expense item, then that would end up skewing the amount with a lump sum amount too.. and I suppose that is precalculated to be a reasonable amount of withdrawal.
Personally, I would be willing to keep more in bitcoin and maybe if nervous take out 2-3 years worth of living expenses rather than a BIGGER chunk.
I have not completely thought about these kinds of withdrawals because my expected strategy was going to continue to be to merely take out between 1-3 months at a time, as needed... but I can see why it might be practical to take out up to two years at a time..
I will have to give some further thoughts to these ideas a bit more when I start to think about withdrawing more.. and sure there is some potential need to think about cashflow considerations for 2-4 years in advance and perhaps longer.. but I am thinking that if the cashflow horizon is 4 years or more, then why not just keep that portion in BTC and let BTC do its thingie-ma-jiggie, whatever that might be, but I am personally thinking that i don't even really feel any need to take out great quantities in this particular upcoming 4-year cycle.
Will I regret it? Not sure. Might be worth some potential tweakening thoughts.
Poll
