#few
Had to shrink it down because those hairs are gross...
#justsaying
#nohomo
Just a real man's arm, a real bitcoiner's arm with some stonecold diamond HODLer hands attachted to them.....
Just the ones a mortal guy wants to avoid at all time
Yeah.. exactly!!!!!!
Not going to catch me trying to eat crackers next to those potentially lethal weapons...
Oh gawd, Dabs. You are both showing that you have no where close to 750BTC, and you seem to be creating some kind of artificial hypothetical that is not going to apply in terms of considering that someone who has 750 BTC would be the ONLY wealth that they have, so they have to engage in some kind of desperate reallocation, after a 50% BTC price drop...
Sure, there might be some legitimacy in your claim that the person had shaved off some BTC through an exchange after a 50% drop in price, but still seems quite presumptuous to be ascribing so many specifics.
I've never had more than 10k BTC, but having dealt with shitcoins in the past, the actual numbers themselves should "feel" the same whether you are transacting 1 BTC or 10 BTC or 100 BTC ... (since in shitcoin terms, I have experienced both receiving and sending 100k of them in their units.) I even had this shitcoin where I had close to 900 million of it (none of it bought, all mined, since it was a CPU mineable coin back then, so I wasted electricity on it maybe.)
Of course, I am not really trying to get into your Opsec issues, but I was likely attempting to get to the point of considering some of the practical matters of what might be considerations with a more than $22 million portfolio.. so I am not really sure how pertinent the number of units would be, and especially if we are devolving into shitcoin talk...
I am not going to argue in terms of whether there would be differing ways of considering these kinds of matters in terms if you are dealing with your own coins or if you were a fiduciary over someone else's coins or if you were merely in a kind of advisory role.. surely there are a variety of considerations, including that if some ideas are presented to a client, there might be some back and forth before figuring out how to handle the matter depending on how much a client might want to engage with the matter.
We might be going a bit far with some of this speculation too, because each of us have acknowledged that there would be differing considerations in the event that the 750 BTC were the total wealth versus taking into account some other wealth that might also be present for such person with 750 BTC that had previously been sitting for 9 years.
I think without sounding presumptuous, the owner decided to move his coins after 9 years regardless of the drop in price, but maybe more so that it appreciated so many millions in the past 9 years, so that any actual value above say $10k is good enough for them. Or above $20k, as that was the previous top in 2017 to 2018-ish. $30k is still $10k higher than $20k.
That seems a bit presumptuous.. to steal your word from you, but sure, there is a scenario in which what you state makes sense... including selling 100 BTC and changing the wallet (address) configuration of the remainder.
Opsec. I lost all my bitcoins when my boat sank ...
Shit happens.
or even below 1 BTC per address for some addresses, even though they might be more difficult to manage.. and even having equally sized addresses might not be any kind of strict requirement in keeping track... in terms of how many addresses to divide into and how much to keep in each.. some with larger quantities of BTC and some with smaller quantities of BTC.
1 BTC or even below 1 BTC might actually make sense. You can always use a computer program or software ... now we call that a wallet ... to keep track of all of it anyway. I think as long as the value of the BTC and it's potential transaction fee to transfer or move that coin from that address is below, say, for example 1%, then it's ok. Any smaller value might not make as much sense because you would be "wasting" your coins on transaction fees.
Well there could be some folks who are considering moving spending wallets to the lightning network, so there could be some variations in the size of the source of such from time to time replenishing of lightning channels or lightning wallet balances. And, sure now versus the future, and I could imagine scenarios that there might not be too many thoughts given to fees - even though at this particular time, there could be some motivations to reconfigure balances based on what seems to be quite low onchain fees, relatively speaking.
Moving 100 BTC with a 0.000002 BTC transaction fee is a very good number. Moving 1 BTC while paying 0.0001 BTC in fees, is also not bad, if you were to do that once a year, or even once a month.
Sure.
If someone has 750 BTC currently (more than $22 million currently), I am not sure why there might be any need to strive to be frugal with $3 million of it.. again presuming that $22 million might be the total wealth.. which also comes off as a wee bit of a stretch as I already mentioned.
Some people have come onto wealth only to splurge and spend it all. We've all read the stories of lottery winners and even celebrities that made $300 million, only to go bankrupt because they spent it all in a short time without saving any for the future.
If someone did not have $3m before, it would be wise to make it last if that's what they cashed out.
We are referring to someone who has $22 million, and has sat on it for 9 years.. so hard to characterize such person as potentially suddenly coming into wealth, without knowing more details.
I mean, completely changing your lifestyle might not be the best idea; upgrading it a little bit or getting rid of all your debts if you have any is much better.
I cannot disagree with you in terms of whether someone might be inclined to make sudden changes in spending habits or lifestyle or not. There likely are a considerable number of bitcoiners who are contemplating some of the ways that they might increase their standard of living.. and maybe having some dilemmas with such considerations.. including but for sure not limited to yours truly.
Someone who had 750 BTC 9 years ago, while it is possible he has other wallets or addresses, it's also quite likely that's all he has as then even if he were a miner, or bought DCA before, it was normal to consolidate all those coins into one address because it was easy to do it.
Sure, it is possible, but I am having trouble with the degree of that speculation... you seem to be putting out an outlier scenario rather than a more likely scenario.
Not many people had the foresight 9 years ago to mine a block of 50 BTC, then split them up into 50 different addresses, and do that often. It would have been such a hassle for something worth "cents".
Very few people carry more than a certain amount of cash in their physical wallets these days, or even 9 years ago. I don't know too many people who even had $750 in cash in their wallets. Most have debit cards, or credit cards, checks, apps on their phone, and maybe $100 in cash, in the wallet. Some don't have cash, just cards.
Ok.,, but not too many people are waking up out of a 9 year coma.... .. so the scenarios for just leaving the BTC sit do not seem to be too likely for anyone who does not have a decent amount of other resources.. and not even suggesting that there would be very much value to bat around our differing perspectives in probabilities in this direction. In other words, I am not really inclined to play around with how likely one scenario is or another scenario, but surely we can describe a scenario and then describe how to treat such a scenario.... and the more relevant fact of this matter (even assuming that 750 BTC was all that he had in the world) would be that the guy had $22 million in value and severed off $3 million in value, and still seems to be a bit much to say that he is going to treat the $3 million in one way and then let the other $19million grow or divide it up or whatever.. just a bunch of grasping at speculation, even if there are a variety of ways to attempt to consider the whole matter including how much to spend and even to create a plan into the future of 65 years or even some other kind of way of planning. gosh sounds like the plans of a corporation if we are considering 65 years into the future... or some kind of lucky young peep who happens to be able to employ a lot of deferred gratification..
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