I got a raise today.
3,33%
Needless to say I wasn't impressed.
Just keeping up with official inflation, or slightly above in euro zone.
I have been on committees which negotiate salaries: their argument when inflation is 2-3% is always...see, inflation is low, no need to exceed it, but when the inflation is 8-10%, they reverse the argument and start whining that they don't have the budget to go above, say, 5%. A complete silence about inflation and what it does to employees in this case.
I got 7% last year so I'm keeping up with average inflation (not necessarily my expenses inflation) however compared to seeing ones corn adding hundreds of thousands at a time, it's not much...
Even though in bitcoin, we might still measure some kind of a strict short-term increase in interest, but largely if we have been mostly building and holding our coins for 6-10 years, then as some point, we have so many doublings and compounding upon itself, so that even a few percentage increase in BTC prices, might even be months worth of our historical wages, and so at some point it no longer makes sense to continue working....
It seems that my BTC holdings had crossed over into such territories in early 2017, and if you think about it, in early 2017, we had merely had just gotten over $1,250 or so, and just a little over a year earlier we had been bouncing around $250 for so much time, so yeah going from $250 to $1,250 is a 5x, but we all know that the BTC price did not stop there, so even if we ended correcting back down into the $3ks after going to $19,666 in late 2017, the upper $3ks would have been 3x higher than the 5x that we had already experienced in early 2015, so largely we are already 15x up at that point, even at the bottom of the worst times in 2018 that did end having one more dip in early 2020... and even though we really did not know that $3ks were going to be the bottom for that period, at some point it came to be that we likely could rest assured that sub $3k would likely never be reached again, which was still 15x higher than the $250-ish BTC prices through much of 2015.
So, yeah if you did not stack your bitcoin until later, then you likely have higher numbers that you have to work from, and I still do not even like to use $250 as my number rather than using $1k as my number in order to attempt to be somewhat more conservatively realistic in regards to my own profits and various losses that I made along the way that likely end up taking out a few of my earliest doublings, since I am needing to start with $1k as my doubling number rather than starting with $250.
There surely are some guys (or there should be some guys) in these here parts that might be able to use sub $10k as their starting out number.. but they may well feel better to be a bit more conservative in their calculations, and so therefore they choose to use $10k as their costs per BTC, and so they still might be just amazed to have had ONLY been around 50% in profits in late 2022, but now they ar fining themselves to be more than 7x in profits... or at least have 7x their initial starting amount... so the value that they put in is compounding at seemingly stupendous rates.. and at some point it might start to make sense to just start to live off of their BTC.. and they might be able to figure out some kind of calculation for that.
I think that my latest formula is going to account for the fact that the BTC price is generally not even touching the 200-WMA, so it is likely that fuck you status in bitcoin could actually start around 25% lower than fuck you status within traditional (non-bitcoin) asset classes.. which also means that the withdrawal rate could be sustained at 6% to 10% rather than 4% in traditional asset classes. But guys still have to do the work of both calculating what their fuck you status might be and then making sure that they either get their bitcoin holdings up to 75% of their fuck you status.. or some combination of traditional formulas that combine with their bitcoin holdings in order to get them over the fuck you status threshold...
.. but from my point of view, we still should not be using BTC spot price to be making these kinds of calculations, even though if we shave off some BTC, we will be doing it at spot price, so it is not completely irrelevant in terms of various kinds of rakings that we might make if we conclude that it is in our interest to make some rakings rather than merely continuing to let our BTC holdings ride or continue to accumulate to our BTC holdings if we might be thinking that we don't have enough of dee cornz, yet.
Btw these rallies are they more exciting for last cycle newcomers
Or for the more OG multiple cycle hodlers?
For example I see some cheering from people buying 20-30-40-50k coins but the feeling for true OG’s is little more life changing somehow?
Also been through some aweful bears, still being here, believing, knowing what we have in hand and ultimately being strongly rewarded etc
That is part of the funniness because even though the later comers are in multitides of profits, there does seem to be a difference in the exponential nature, and so we likely have difficulties considering anyone with costs in the $20ks to $30ks as OGs, but maybe if our costs are in the $10k or less then maybe that might be considered more likely to be OG... because there needs to be a kind of cushion, and so the lower that you go in the costs per BTC help, but then over the years you could stack way more BTC, so even if you costs are around $20k rather than under $10k, but if you have 5x more BTC, then you are likely way better off, even if you cost per corn is higher.
Otherwise, I agree with the idea of being able to relax and the relaxing is not necessarily ONLY about our costs per BTC, but also a bit of time in the market too.
Bitcoin ETFs are 58% of the way to flipping Gold ETFs for total assets.
$58.7b for $BTC
$98b for Gold
That's just after just 8 weeks...
At this rate, Bitcoin will flip Gold ETFs in a few month!
"Technically" speaking that is 59.87% - so almost 60%. I get that answer by dividing = $58.77/$98.17.
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