Very true
You have known me for a long time now, buddy. That is how I roll
You will notice my emotions begin to get a little more twitchy at certain stages of the supposed
four year cycle. I expect around late 2028 to Q2 2029 you will see me getting increasingly annoyed at corrections and pauses in uppity. At that point you can assume I am relatively low in fiat and needing Bitcoin to pump. But hopefully 2029 is a real year of up only and you just see me shit posting and dropping memes. That way you can assume that I am doing well and dumping fat bags haha.
4-year cycles? What cycles? I thought the consensus here was that they don't exist (anymore)... Or so they say...
Consensus does not necessarily win bets.. hahahahaha
Joking aside, 2029 will be the year that will prove or disprove the cycle theory. That, or an early, massive pump with a stream of big ATHs, well before that year.
Regardless, coiners with 20 coins and above are unaffected. At least that's how I see it.
The coming years will be fun, both price-wise and WO-wise.
Comfortable quantity of coins may well depend on location, and 20 coins or more seems to be like a western life-style presumption... and so yeah, 20 bitcoin or more right now? versus 20 bitcoin or more in 2029?
So, if a guy currently has the minimum of what you are suggesting to be
20 bitcoin right now, then I would personally project that he should be able to withdraw from that at $8,790 per month with is about $105k per year with 7% per year increases in the dollar amount forever and ever. Of course, if he is withdrawing at a lower rate then his bitcoin will likely continue to grow to provide him greater options in the future (or larger possible withdrawal amounts in the future)...
So, one thing is already being at such 20 BTC or more status, and then another thing would be assessing which timelines of guys could have had reasonably gotten to such a status of 20 BTC or more.
I personally think that even a guy who had done most of his BTC accumulation prior to 2021 could have had reasonably gotten up to 20 BTC, yet it may way would have had cost him $200k in order to get to such status (presuming a cost per coin of around $10k).
Of course, the further back that we go, then the more likely that guys who accumulated most, if not all, of their BTC prior to 2021, they could have had cost per BTC that were quite a bit below $10k per coin.
Remember in March 2020, Mindrust was proclaiming that his average cost per coin for his purported 10 BTC was somewhere in the ballpark of $4,500 per coin... and he was not really atypical of where a relatively aggressive BTC accumulating guy could have had gotten in regards to cost per coin... so when he was complaining about the BTC price going near or to his cost per coin, his cost of coin claims did not really seem atypical for some of the then regular guys in these here parts... so in that sense maybe we could proclaim that many aggressive bitcoin accumulating guys could have had gotten to 20 BTC or more for $100k or less.. not a small amount of money, though within the grasp of guys who were able to focus on getting most of their BTC accumulation accomplished prior to 2021.
[edited out]
It is easy if you have 20 coins at a cost of 50,000 dollars.
it means 1360000-50,000=1,310,000 up. So sell one today at 68k and do nothing until it drops under 40k or goes over 100k.
Isn't it funny (or ironic?) how the first thing that you ever consider in your hypotheticals is "selling" some chunk of coin?
its hard to know what to do if you have 1.5 coins at a cost of 45k
I will agree that the lower your BTC amount, then the more difficult it becomes to sell some of it, and I would also suggest that presuming selling when the price is already in the ballpark of 46% below the ATH (its price in early October - a mere 5 months ago).
you are well up as 102k is way higher than 45k
but you are not in any position to sell you should just add coins.
Perhaps your overall conclusion of continuing to buy, for a person with 1.5-ish coins would be the most logical.
Quantity of coins remains an important factor, yet one of my own current criteria is that any coins that are sold (or tranches as Saylor likes to call them), would not be sold unless they were at least 4 years old and in profits. Alternatively, it could be possible to justify selling some coins that are less than 4 years old if those coins were acquired at a lower price and the remaining bitcoin stash adds up to a coin quantity that is enough or more than enough coins.. which is difficult to imagine how 1.5 coins would fit into such a category, and also it seems to me that anyone accumulating coins since 2021 would have some difficulties getting to overaccumulation status... but yeah, guys have to do their own calculations and make their own assessments of their stash size and how they intend to manage it in regard to their own timeline.. which may or may not be 4 years or longer.. yet it seems to me that any new coins that are accumulated should be accumulated with the intent to hold them at least 4 years. YMMV.
Cuba is being eyed by Trump - we'll be hearing more about it soon...
I guess he has to UP his level of showing himself to be unhinged and/or crazy to help to convince some middle-eastern folks to play ball with him, which may well not work out too well.. for either him or for people who he supposedly represents.
That is what "we" get when putting a convicted criminal psycho-narcissist in a position of relatively high power.
Poll
