I'm feeling kinda bullish...
... Sorry.
(Don't tell anyone, but I have a small sell order in @ $65,000 for <reasons> which may or may not include buying a new 5090 32gb VRAM system to act as an orchestrator for my DGX Spark farm... Dear Lord what have I done...)Sorry
(not sorry). I am a bit of a blabber mouth, and surely there are quite a few regular guys in these here parts who are not opposed to regular sales of BTC, especially for guys who have reached their overaccumulation status, which presumably you have been in some variation of overaccumulation status for a decent amount of time.. since you were proclaiming to be even selling decently large chunks of BTC in the sub $10k territories back in 2018-ish.. and also selling another decently amounts of corns back in 2020 when we were in the $15k-ish territories and returning back to break our prior 2017 ATHs of $20k in late 2020, even though you had already sold some decent chucks before we even reached our previous ATHs, if I recall correctly?
Those who have bought Bitcoin at 57k or 58k can happily set sale at 66,666.66
Hahahahaha
That would be retarded.
Part of the reason that Bawb gets away with selling pretty much whenever or wherever he likes is because his average cost per coin is likely quite a bit below 4 digits and may even be into the 2 digits for some of his coins. Yet, surely guys have differing ways of calculating these matters, yet I highly doubt that Bawb is fucking around with trades that have had not compounded at least a couple of times (meaning that the sold coins had gone through a doubling or two or more).
You are playing small potatoes if you believe that there is some kind of a meaningful outcome to be fucking around selling coins that have not even at least doubled in value and/or even guys who have coins that are merely doubling, they might have a larger stack of coins that have much lower bases in their costs.
Perhaps also Saylor/MSTR has screwed up the thinking for so many guys who want to believe that there is meaningful value in selling at smaller increments, even though surely Saylor/MSTR seem to be playing a bit of a different game to be both using other people's money but also to be dealing with really large numbers and even perhaps even overly complicating the ways that they "supposedly" make "profits" as compared with how the older time bitcoiners had been making bitcoin profits and continue to likely make bitcoin profits by having had been in bitcoin for decently long periods of time and having had compounded the value of their bitcoin holdings several times.. so that many of the older timers have reached some variation of overaccumulation status that gives them flexibility in how they manage their holdings or even how they might engage in either sustainable withdrawal or even withdrawals that also involve the depletion of their principle.. (since we can't take it with us).
[ B-B-B-B-B-Buddy-Blocker!!! ]
Nice one Clawblaw. You blocked the shit out of Buddy. Are you any good at writing haikus?
Would be cool if BCB would respond (artificially) intelligently to replies, no?
Bitcoin bottomed out?
Some say so, while others don't
I'm undecided
Who can call bottoms?
Clawblaw not evolved enough
needs development
While solving puzzles,
drawing lines, checking signals
One coin is one coin#haiku
I prefer more interactions with actual humans and fewer interactions with bots, even though surely guys seem to be tolerant to some level of bot usage in the forum as long as the bot usage is largely being disclosed as being bots and/or the extent of human intervention is also seeming to be disclosed, too.
Wow!!!
That is a scary image.
What you are witnessing is the absolute protection of free speech - the First Amendment in action. You fail to understand the principles that make American great. Welcome to America, baby! At that point in time, those uniformed people were exercising their right to assemble
peacefully. You don't have to like what they're advocating, just respect their right to do so -
peacefully. I fully believe that woman has never been in a safer position riding the D.C. Metro; in the US, the line is drawn at imminent lawless action or direct threat. They're not going to let anyone touch her in case they are implicated - notice she has the full row to herself while others are standing.
Happy (day after) Independence Day!
Hahahahaha
That's another way of
spinning the topic.
What's 56 btc?
I probably missed that discussion.
World Cup happenings
are more interesting than
flat bitcoin right now
# Summer btc lull (relative) haiku
Sure, it was this one:
https://bitcointalk.org/index.php?topic=178336.msg66885297#msg66885297Not a long discussion, but I thought it was worth including. I believe that expensive homes like the above are too much for a 2-digit or even low-3-digit coiner. Probably a tax/maintenance drain.
You need to have at least 300 btc in non taxble status. Plus 10 million cash .
basically 30 million free and clear. To consider having that place.
And frankly I rather have other properties even if I had 300 million in cash and btc.
Holy fuck Phil!!!
I am not sure if you are exaggerating or not.
If we are considering that a place is 56 BTC to buy outright right now (and to be a primary or a secondary residence), then surely there are ways to consider financing part of the house, even if a guy might be rich in bitcoin and not very rich in cash or in other assets.
But more than 300 BTC? Holy shit! You must be considering the property as if it were an investment property?
Even if they guy were to merely have 2x the quantity of BTC needed to buy the place outright and he chose to buy the place with 56 BTC and then to try to live off of the remaining 56 BTC (Presuming that he had 112 BTC at the time he started the venture), then
currently, 56 BTC is still getting him at least $24k per month of income which is right around $288k per year. Sure, it could be that he might need a bit more of a cushion in the amount of BTC and/or other wealth that he has, but I doubt that the guy would need more than 300 BTC... probably even half of that (150 BTC) would be sufficient.
Even
right now, 100 BTC would provide an income of more than $500k per year.
You think that at least
244 bitcoin $1.3 million per year in income would be needed to maintain that place. I doubt it.
[edited out
You need to have at least 300 btc in non taxble status. Plus 10 million cash .
basically 30 million free and clear. To consider having that place.
And frankly I rather have other properties even if I had 300 million in cash and btc.
yeah..for people with $300mil (lol!), here is something interesting:
https://www.sfgate.com/renotahoe/article/tahoe-crystal-bay-mansion-22330650.phpQuite interesting to my eyes, albeit probably overpriced by at least 2x.
90% sure some people with SPCX employee largess would get it.
EDIT: people usually rec at least 10-15% in RE investment (of all available capital).
[/quote]
Maybe Phil and Biodom are on the same page in terms of considering that 10% to 15% of liquid capital can be used for investment real estate, even though we know that if the real estate is the primary residence, then folks will tend to have more than 50% of their wealth in their primary residence.
I am spoilt. I prefer a garage - and even 3 car garage or more.
A cute house, indeed, albeit a bit small if for more than 2 people.
EDIT: I decided that if I'll go for a new house, if would need to have either a spectacular view and/or great weather in the area.
Square footage is secondary.
The price cannot be more than 20% of all assets under management (haha), including ret funds.Oh? You are giving me a new metric to consider, and is there a difference if you are living in it or not.. primary or secondary residence?
Maybe if a person already has another house, but then he might buy another house, and the first house might already be paid off or mostly paid off, then might the formula be different?
I also seem to prefer to have more than 2 bedrooms and more than 2 bathrooms, especially if there were at least 2 people living there. I consider that my current place is not set up in a very guest friendly way, even though I have several bedrooms. I made some recent changes that made my place even less guest friendly than it had been previously, which I might not have done that on purpose, but just that I scatter so many of my things in different rooms that might have had been better set up for guests - which I had done in some of my earlier places.. . Some of my earlier places were more guest-friendly.
@cAPS - That would be perfect for you! And, I'd like being a stone's throw away neighbor in Blowing Rock, NC.
That would be great!!!!!
If either of you ran out of milk, you could stop in and borrow some milk (or whatever missing ingredient?). The best of buds, in real life, too.
Poll
