FullNode
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Don't Trust, Verify
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November 13, 2020, 05:14:37 PM |
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Needs an illustration of this would look like if Americans had any style, which they don’t. I hope that the new QE Infinity® printers will let people produce $100 trillion banknotes of such elegance from the safety of their prisons “homes”. For you Americans, “Hundert Billionen” means what you would call 100 trillion-with-a-T: Anyway, hyperinflation is ugly. German Papiermark https://en.wikipedia.org/wiki/German_PapiermarkWhen I published the graph I was reading some of this, to understand a little the graph Plan B, terrible where hyperinflation arrived
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Torque
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November 13, 2020, 05:16:02 PM |
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"According to their recent report, in Q3 this year, Grayscale had approximately $1.05 bln in crypto. However, this figure skyrocketed to $7 bln in a short time after that.
In Q3, the company had laid its hands on 77 percent of all BTC mined during that time."
So Barry is the bull whale who has been sucking up everything? Who knew?
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FullNode
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Merit: 270
Don't Trust, Verify
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November 13, 2020, 05:28:47 PM |
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"According to their recent report, in Q3 this year, Grayscale had approximately $1.05 bln in crypto. However, this figure skyrocketed to $7 bln in a short time after that.
In Q3, the company had laid its hands on 77 percent of all BTC mined during that time."
So Barry is the bull whale who has been sucking up everything? Who knew? https://bitcointreasuries.org/
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CryptoYar
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November 13, 2020, 06:21:10 PM |
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I voted for $20,000
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gembitz
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November 13, 2020, 06:39:01 PM |
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21k BTC weeeeeeeeeeeeeee gogogoggg//^$$$
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Biodom
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November 13, 2020, 06:43:58 PM Last edit: November 13, 2020, 07:08:09 PM by Biodom |
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Re btc in retirement funds-eu has XBT provider (bitcoin tracker one)-I managed to buy it in Fidelity Roth IRA, but it is completely illiquid in US because of some SEC complains. A few months ago decided to put 50% of one Roth IRA account into GBTC+whatever I had in bitcoin tracker one (not much). Why not? Many people thought the same, probably, hence the increase in Barry's fund from 1bil to 7 bil and growing fast.
Re retirement per se, here are my 2c:
Providing that btc "behaves" like a good bull this year, I am thinking of instituting a "dialed down" work. Thankfully, I can do it at my work place-at first, reduce by 44% with salary decrease of only 26%, then, next year, start taking a whole summer off, another 23% hit. In the end, I will be making about 60-61% while working much less and taking all-summer vacations. All I would need to do is to supplement that 40% that would be missing, which is much easier than to finance the whole retirement Bob's style.
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Torque
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November 13, 2020, 07:23:00 PM |
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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November 13, 2020, 07:27:08 PM |
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Re btc in retirement funds-eu has XBT provider (bitcoin tracker one)-I managed to buy it in Fidelity Roth IRA, but it is completely illiquid in US because of some SEC complains. A few months ago decided to put 50% of one Roth IRA account into GBTC+whatever I had in bitcoin tracker one (not much). Why not? Many people thought the same, probably, hence the increase in Barry's fund from 1bil to 7 bil and growing fast.
Re retirement per se, here are my 2c:
Providing that btc "behaves" like a good bull this year, I am thinking of instituting a "dialed down" work. Thankfully, I can do it at my work place-at first, reduce by 44% with salary decrease of only 26%, then, next year, start taking a whole summer off, another 23% hit. In the end, I will be making about 60-61% while working much less and taking all-summer vacations. All I would need to do is to supplement that 40-45% that would be missing, which is much easier than to finance the whole retirement Bob's style.
I am glad that you, Biodom, are being somewhat creative with your way of looking into these kinds of matters. So, in accordance with your recent calculations and some of our previous conversations, you should ONLY need around $2.4 to $2.7 million (40-45%-ish) in principle rather than the $6 million that you had mentioned - making the amount of principle a wee bit more reachable. I see that currently, BTC's 208-week moving average are approaching $7k, so as I type, to be conservative and prudent, a $2.4 to $2.7 million in principle would ONLY require 342.86 to 385.715 BTC to meet your maintenance of current lifestyle expectations. On a positive note, many of us should be expecting the 208-week moving average to continue to move up in the coming years - especially given current BTC prices, recent BTC price performance and some of the expectations around BTC price performance (including the various legitimate BTC price models, which seem to be largely playing out within previous/recent expectations). Another possibility could be to shave off some BTC at prices that are much higher than 208-week moving average prices in order to NOT have so much of the expectations in BTC.. but then you would be stuck with attempting to maintain that principle in other assets... currently, that shaving off would only require 147.24 to 165.65 BTC (based on current $16,300 BTC prices), and surely that would be risky to shave off all of the BTC in order to ensure adequate principle, even though some combination of approaches could be doable - depending on the size of your BTC stash - which would then bring you to some variation of Bob's approach in terms of cashing out some reasonable portion rather than all of your BTC stash.
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bkbirge
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November 13, 2020, 08:15:42 PM |
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I think at this point most working in the financial area are going to be aware of btc and how good it is. They may not be maximalists like here but I think it quite likely they continue to trash talk while accumulating. This is fine. The people that are going to lose out are the typical retail investors that haven't bothered to educate themselves to any depth about it, or the larger part of the world's population that doesn't have a pot to piss in and are unbanked. So, new elite from btc, but still a category of elites.
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Toxic2040
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November 13, 2020, 08:25:27 PM |
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some noon charts bitcoin continues to be bought and sold around $16.25k with steady upwards consolidation steady as she goes #dyor 1h 4h #stronghands
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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November 13, 2020, 08:59:23 PM |
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I've always thought, that if I retired, I'd probably need to maintain at least double my salary coming in just to pay for all the things I'd need to do to stop me getting bored out of my mind. That being the case, I'm not going to retire anytime soon, even if MoonTM.
my retirement goal required three times what i figured was the "normal" amount i needed. took longer but i do like huge safety margins. and boredom? i have never been bored in my entire life. i have far too many interests and hobbies. i love learning and trying new things (and have the scars and broken bones to attest to that). ive never understand how someone can get bored. Yes I am sorry to report that I met with my financial advisor today and I would have to take out of Bitcoin 3 times my current target in order to retire in 2021. Looks like I’m gonna be here until 2025 guys !
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V8s Road Warrior
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November 13, 2020, 09:05:50 PM |
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2020 just gets worse and worse
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600watt
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November 13, 2020, 09:16:22 PM |
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I've always thought, that if I retired, I'd probably need to maintain at least double my salary coming in just to pay for all the things I'd need to do to stop me getting bored out of my mind. That being the case, I'm not going to retire anytime soon, even if MoonTM.
my retirement goal required three times what i figured was the "normal" amount i needed. took longer but i do like huge safety margins. and boredom? i have never been bored in my entire life. i have far too many interests and hobbies. i love learning and trying new things (and have the scars and broken bones to attest to that). ive never understand how someone can get bored. Yes I am sorry to report that I met with my financial advisor today and I would have to take out of Bitcoin 3 times my current target in order to retire in 2021. Looks like I’m gonna be here until 2025 guys ! all the guys that can't sell at bull runs (like me) will be right here with you. hodling and getting ready for the next one.
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DaRude
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In order to dump coins one must have coins
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That's why PayPal supporting bitcoin derivatives was so important. Sure it's an additional "derivative" onramp, but more importantly, it's changing the perception of BTC from druggies/pornogrophers/terrorists money to a serious stable/profitable investment, yet people bitched about it not passing their purity tests. We're on the right path, this is one of the transition stages, it's just a matter of time.
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explorer
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November 13, 2020, 09:27:31 PM |
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sirazimuth
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born once atheist
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November 13, 2020, 09:45:42 PM |
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....
Edit: also I have better teeth. ...,
Well, that’s not exactly saying a lot. I think my grandmother has better teeth than that dude, and she’s been 6 feet under for 20 years....
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LFC_Bitcoin
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#1 VIP Crypto Casino
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November 13, 2020, 10:03:15 PM |
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